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Nonprofiteer
← MICROFINANCE OPPORTUNITIES INC

Form 990 for tax year 2023

Filed by MICROFINANCE OPPORTUNITIES INC.

Totals

Total revenue
$156,708
Total expenses
$302,364
Contributions and grants received
$12,615
Grants paid
$0
Program service revenue
$144,093
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,839
Total liabilities, end of year
$1,227
Net assets or fund balances, end of year
$17,612
Program services expenses (Part IX)
$219,489
Management and general expenses
$82,448
Fundraising expenses
$427
Program service expenses (Part III)
$219,489

Program services were 72.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $12,615

  • 2a · Program service revenue: Contract income

    total $144,093 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,000 · program services $750 · management and general $250 · fundraising $0

  • 7 · Other salaries and wages

    total $43,363 · program services $3,667 · management and general $39,696 · fundraising $0

  • 9 · Other employee benefits

    total $14,199 · program services $8,587 · management and general $5,576 · fundraising $36

  • 10 · Payroll taxes

    total $3,761 · program services $224 · management and general $3,537 · fundraising $0

  • 11c · Fees: accounting

    total $7,777 · program services $0 · management and general $7,777 · fundraising $0

  • 13 · Office expenses

    total $1,183 · program services $811 · management and general $372 · fundraising $0

  • 14 · Information technology

    total $4,558 · program services $3,593 · management and general $965 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,487 · program services $0 · management and general $7,487 · fundraising $0

  • 24a · Other expenses: Contractor expenses

    total $215,522 · program services $200,817 · management and general $14,314 · fundraising $391

  • 24b · Other expenses: Bank fees

    total $2,248 · program services $0 · management and general $2,248 · fundraising $0

  • 24c · Other expenses: Communications and outreach

    total $1,116 · program services $1,040 · management and general $76 · fundraising $0

  • 24d · Other expenses: Licenses, fees and permits

    total $150 · program services $0 · management and general $150 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,264 · end of year $15,302

  • 4 · Accounts receivable

    beginning of year $63,371 · end of year $920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,116 · end of year $2,617

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,483 · end of year $1,227

  • 27 · Net assets without donor restrictions

    beginning of year $163,268 · end of year $17,612

Mission and programs · 2023

Mission

Microfinance Opportunities is a global non-profit committed to understanding the economic realities of low-income and marginalized people.

  • 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.

    Expenses $219,489 · Revenue $156,705

As filed on the 2023 return.

Listed in Part VII

  • Elizabeth Keating

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Eric Bell

    President

    Total calculated
    $0
    Hours/week
    1

  • James Pickup

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Reed

    Director

    Total calculated
    $0
    Hours/week
    1

  • Guy Stuart

    Executive Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202403169349303505

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