Opportunity Inc
- Assets
- $99.6k
- Revenue
- $192.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 61-1748401
Organization Overview
Opportunity Inc is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity 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, Opportunity Inc generated $192.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.1%) each year. All expenses for the organization totaled $242.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.0%) per year over the past 7 years. 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
OPPORTUNITY, INC. IS A TAX-EXEMPT, PUBLICLY SUPPORTED CORPORATION THAT EMPOWERS (SEE SCH O) PEOPLE LIVING IN POVERTY TO TRANSFORM THEIR LIVES, THEIR CHILDREN'S FUTURES AND THEIR COMMUNITIES BY PROVIDING FINANCIAL SOLUTIONS AND TRAINING. OPPORTUNITY, INC. SUPPORTS LOCAL MICROFINANCE ORGANIZATIONS WHICH PROVIDE INNOVATIVE FINANCIAL SOLUTIONS TO EMPOWER PEOPLE, CREATE JOBS AND BUILD VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY, INC. IS A TAX-EXEMPT, PUBLICLY SUPPORTED CORPORATION THAT EMPOWERS PEOPLE LIVING IN POVERTY TO TRANSFORM THEIR LIVES, THEIR CHILDREN'S FUTURES AND THEIR COMMUNITIES BY PROVIDING FINANCIAL SOLUTIONS AND TRAINING. OPPORTUNITY, INC. SUPPORTS LOCAL MICROFINANCE ORGANIZATIONS WHICH PROVIDE INNOVATIVE FINANCIAL SOLUTIONS TO EMPOWER PEOPLE, CREATE JOBS AND BUILD VIBRANT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Foy Executive Director | Officer | 24 | $0 |
Shari Lutey Secretary | Officer | 6 | $0 |
Margaret Tomasik Treasurer | Officer | 2 | $0 |
Joann White Director | Trustee | 2 | $0 |
John March Director | Trustee | 2 | $0 |
Clifford Hamption Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $192,521 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $24,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,521 |
| Total Program Service Revenue | $0 |
| 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 | $192,521 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,510 |
| Pension plan accruals and contributions | $7,656 |
| Other employee benefits | $3,118 |
| Payroll taxes | $7,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,394 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,233 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $15,808 |
| Royalties | $0 |
| Occupancy | $4,497 |
| Travel | $0 |
| 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 | $6,235 |
| All other expenses | $90 |
| Total functional expenses | $242,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,836 |
| 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 | $14,796 |
| 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 | $99,632 |
| Accounts payable and accrued expenses | $18,546 |
| 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 | $18,546 |
| Net assets without donor restrictions | $81,086 |
| 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 | $99,632 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Opportunity Inc has recieved totaling $537,000.
| Awarding Organization | Amount |
|---|---|
Staley Family Foundation Avon, CO PURPOSE: GENERAL SUPPORT | $527,000 |
Karev Foundation Inc Palm Beach, FL PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wings Of Hope Incorporated St Louis, MO | $18,280,814 | $3,408,153 |
Africans Reaching Africa Inc Granger, IN | $1,037,225 | $882,801 |
Opportunity Inc Chicago, IL | $99,632 | $192,521 |
Skygen International Foundation Menomonee Falls, WI | $304,653 | $482,371 |
Worldwide Hearts & Hands Inc Lexington, KY | $444,668 | $177,427 |
Hearing The Call Inc Fort Wayne, IN | $723,117 | $487,896 |
American Friends Of The National Institute For Psychobiology Israel Chicago, IL | $100,828 | $150,505 |
Canaan Ministry Of Africa Buffalo Grove, IL | $2,023 | $56,223 |
Mt Meru Coffee Project Inc Waukesha, WI | $228,795 | $0 |
Kurnool Medical College Alumni Of North America Burr Ridge, IL | $33,999 | $0 |