Opportunity International Inc is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, Opportunity International Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity International 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 09/2021, Opportunity International Inc generated $53.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $44.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Opportunity International Inc has awarded 18 individual grants totaling $20,231,567. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. FYE 2021, OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION CLIENTS, 97% OF WHICH ARE WOMEN. EDUFINANCE PROGRAMS REACHED OVER 2 MILLION CHILDREN IN 8,400 SCHOOLS AND AGFINANCE PROGRAMS REACHED OVER 90,000 SMALL HOLDER FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS IN GHANA (AND SERBIA IN 2020) AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. IN ADDITION, OPPORTUNITY PROVIDES WRAP AROUND SERVICES LIKE TRAINING AND SUPPORT TO ITS BENEFICIARY CLIENTS WHO ARE HOUSEHOLDS, SMALLHOLDER FARMERS, AND AFFORDABLE SCHOOLS FOR THE POOR. 97% OF OPPORTUNITY'S LOAN CLIENTS ARE WOMEN. IN ADDITION, OPPORTUNITY PROVIDES SAVINGS, INSURANCE, AND EFFICIENT MOBILE BASED PAYMENT SOLUTIONS TO MILLIONS OF ITS POOR CLIENTS AROUND THE WORLD.
OPPORTUNITY IMPLEMENTS ITS PROGRAMS IN 30 COUNTRIES THROUGH A WORLDWIDE NETWORK OF STAFF, BRANCHES, SUBSIDIARY BANKS AND LOCAL NONGOVERNMENTAL ORGANIZATIONS, AS WELL AS LOCAL IMPLEMENTING PARTNERS COMMERCIAL AND NONPROFIT AND MICROFINANCE INSTITUTIONS. OPPORTUNITY PROVIDES GRANTS AND MAINTAINS A MINORITY EQUITY INTEREST IN A NUMBER OF KEY IMPLEMENTING PARTNERS TO ENSURE A LONG-TERM ALIGNMENT OF INTEREST IN SERVING THE POOR. ADDITIONALLY, SUCH INVESTMENTS ENABLE OPPORTUNITY TO LEVERAGE LOCAL INVESTOR FUNDS AND DEBT TO INCREASE SERVICES AND MAXIMIZE THE FUNDS DEPLOYED TO SERVE THE ECONOMIC NEEDS OF THE POOR. IN FY2021 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION CLIENTS- 97% OF CLIENTS ARE WOMEN. OPPORTUNITY'S COVID-19 RELIEF RESPONSE PROGRAMS INCLUDED PARTNER SUPPORT ENABLING THEM TO REMAIN OPEN FOR CLIENTS, SCHOOL PROPRIETOR SUPPORT AND COMMUNITY HEALTH TRAINING.
OPPORTUNITY USES ITS CHARITABLE DONATIONS TO FUND ITS DIRECT OPERATIONS, ESPECIALLY IN ITS EDUCATION FINANCE, AGRICULTURAL FINANCE, DIGITAL FINANCIAL SERVICES AND MONITORING & EVALUATION PROGRAMS IN 30 COUNTRIES, WORKING WITH 104 PARTNERS. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. IN FY2021 OPPORTUNITY'S EDUFINANCE PROGRAMS REACHED OVER 2 MILLION CHILDREN IN 8,400 SCHOOLS. AGFINANCE PROGRAMS REACHED OVER 90,000 SMALLHOLDER FARMERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Atul Tandon CEO | OfficerTrustee | 60 | $671,464 |
Randy Kurtz Chief Administrative Officer | Officer | 25 | $284,500 |
Dennis W Ripley Chief Program Officer | 40 | $274,500 | |
Gregory E Roth Svp, Philanthropy | 40 | $235,153 | |
Margaret Tomasik Svp, Finance | Officer | 55 | $219,093 |
Mark K Lutz Svp, Philanthropy | 40 | $208,901 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Africa Hr Solutions Professional Employment Organization | 9/29/21 | $362,935 |
Impact Atlas Client Data Technology | 9/29/21 | $217,208 |
Chuhak & Tecson Pc Legal Services | 9/29/21 | $212,928 |
Russell Reynolds Associates Recruiting Services | 9/29/21 | $210,098 |
Gaplink Program Implementation | 9/29/21 | $221,733 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,175,876 |
All other contributions, gifts, grants, and similar amounts not included above | $23,889,060 |
Noncash contributions included in lines 1a–1f | $1,113,448 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,064,936 |
Total Program Service Revenue | $27,817,048 |
Investment income | $35,249 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $146,786 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $53,064,019 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,026,889 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $4,338,729 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $810,538 |
Compensation of current officers, directors, key employees. | $52,962 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,531,751 |
Pension plan accruals and contributions | $550,196 |
Other employee benefits | $724,902 |
Payroll taxes | $644,322 |
Fees for services: Management | $0 |
Fees for services: Legal | $215,611 |
Fees for services: Accounting | $91,085 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,401,251 |
Advertising and promotion | $28,805 |
Office expenses | $1,362,285 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $505,774 |
Travel | $659,467 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,372 |
Interest | $3,642,538 |
Payments to affiliates | $14,972,928 |
Depreciation, depletion, and amortization | $35,975 |
Insurance | $87,143 |
All other expenses | $0 |
Total functional expenses | $44,876,796 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,649,034 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,922,565 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $26,409,462 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $9,049,007 |
Net Land, buildings, and equipment | $2,598,147 |
Investments—publicly traded securities | $0 |
Investments—other securities | $720,872 |
Investments—program-related | $100,000 |
Intangible assets | $0 |
Other assets | $217,868 |
Total assets | $85,666,955 |
Accounts payable and accrued expenses | $6,116,252 |
Grants payable | $0 |
Deferred revenue | $2,265,630 |
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 | $5,878,470 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $39,381,444 |
Total liabilities | $53,641,796 |
Net assets without donor restrictions | $15,722,105 |
Net assets with donor restrictions | $16,303,054 |
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 | $85,666,955 |
Over the last fiscal year, Opportunity International Inc has awarded $1,026,889 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
ACCESS BUSINESS GROUP INTERNATIONAL PURPOSE: NUTRITIONAL SUPPLEMENTS FOR POWER OF FIVE PROGRAM | $523,046 |
Naples, FL PURPOSE: IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM | $136,553 |
Chicago, IL PURPOSE: FUNDS TO AFFILIATE FOR OPERATING EXPENSES | $123,237 |
New York, NY PURPOSE: IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM | $88,840 |
Seattle, WA PURPOSE: IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM | $50,000 |
Indianapolis, IN PURPOSE: IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM | $49,130 |
Over the last fiscal year, we have identified 4 grants that Opportunity International Inc has recieved totaling $42,400.
Awarding Organization | Amount |
---|---|
Emmerich Foundation Jordan, MN PURPOSE: GENERAL SUPPORT | $25,000 |
Rixey Street Foundation Inc Mc Lean, VA PURPOSE: EDUCATION FUNDS | $15,000 |
Nelson G And Vera C Hicks Charitable Foundation Madison, WI PURPOSE: GENERAL FUNDING | $2,000 |
Ted Hall Missionary Foundation Lafayette, CO PURPOSE: FOR CHARITY PROGRAMS | $400 |
Organization Name | Assets | Revenue |
---|---|---|
Opportunity International Inc Chicago, IL | $85,666,955 | $53,064,019 |
Western Nis Enterprises Fund Chicago, IL | $84,059,720 | $4,246,374 |
Junior Achievement Of Northern Indiana Fort Wayne, IN | $7,556,619 | $6,668,651 |
Junior Achievement Of Chicago Chicago, IL | $24,417,639 | $5,536,701 |
Junior Achievement Of Wisconsin Inc Milwaukee, WI | $25,670,610 | $3,770,604 |
Junior Achievement Of Greater St Louis Chesterfield, MO | $7,704,304 | $3,436,405 |
Junior Achievement Of Central Indiana Indianapolis, IN | $5,835,841 | $2,240,758 |
Marketplace-Handwork Of India Evanston, IL | $2,563,812 | $2,631,132 |
Junior Achievement Of Kentuckiana Inc Louisville, KY | $5,616,461 | $2,292,211 |
Junior Achievement Of The Heartland Moline, IL | $1,846,335 | $1,996,940 |
Social Promise Inc Greencastle, IN | $1,790,327 | $2,361,095 |
Junior Achievement Of Central Iowa Inc Des Moines, IA | $3,628,464 | $1,407,118 |