Microfinance Opportunities Inc
- Assets
- $504.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 30-0075787
Organization Overview
Microfinance Opportunities Inc is located in Cambridge, MA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Microfinance Opportunities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microfinance Opportunities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Microfinance Opportunities Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $849.6k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MICROFINANCE OPPORTUNITIES IS A GLOBAL NON-PROFIT COMMITTED TO UNDERSTANDING THE ECONOMIC REALITIES OF LOW-INCOME AND MARGINALIZED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY DESCRIBING AND ANALYZING THE ECONOMIC REALITIES OF LOW-INCOME AND MARGINALIZED PEOPLE, MICROFINANCE OPPORTUNITIES (MFO) INFORMS THE POLICIES AND PRACTICES OF GOVERNMENT, THE PRIVATE SECTOR, MULTILATERAL ORGANIZATIONS, CIVIL SOCIETY, AND LOW-INCOME AND MARGINALIZED PEOPLE THEMSELVES. MFO DOES THIS THROUGH THE COLLECTION, ANALYSIS, AND VISUALIZATION OF DATA, AND THE DISSEMINATION OF THE RESULTS THROUGH INTERACTIVE AND ENGAGING MATERIALS AND EDUCATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Stuart Executive Director | OfficerTrustee | 40 | $86,396 |
Eric Bell Board Member | Trustee | 0 | $0 |
Elizabeth Keating Chair Of The Board | Trustee | 0 | $0 |
James Pickup Board Member | Trustee | 0 | $0 |
Larry Reed Board Member | Trustee | 0 | $0 |
Mark Fagan Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $606,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,984 |
| Total Program Service Revenue | $515,899 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,122,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,396 |
| Compensation of current officers, directors, key employees. | $17,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,876 |
| Payroll taxes | $10,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $606,449 |
| Advertising and promotion | $0 |
| Office expenses | $4,255 |
| Information technology | $3,701 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,275 |
| All other expenses | $0 |
| Total functional expenses | $849,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,089 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,757 |
| Accounts payable and accrued expenses | $36,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,070 |
| Net assets without donor restrictions | $468,687 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $504,757 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Microfinance Opportunities Inc has recieved totaling $464,837.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: FINANCIAL SERVICES FOR THE POOR | $464,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |