Form 990 for tax year 2022
Filed by OPPORTUNITY TRANSFORMATION INVESTMENTS INC.
Totals
- Total revenue
- $441,584
- Total expenses
- $528,477
- Contributions and grants received
- $300,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $141,584
- Other revenue
- $0
- Total assets, end of year
- $26,957,329
- Total liabilities, end of year
- $384,760
- Net assets or fund balances, end of year
- $26,572,569
- Program services expenses (Part IX)
- $528,477
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $528,477
Program services were 100.0% 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.
-
1d · Related organizations
$300,000
-
3 · Investment income
total $141,584 · excluded $141,584
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $213,099 · program services $213,099
-
8 · Pension plan contributions
total $13,218 · program services $13,218
-
9 · Other employee benefits
total $14,770 · program services $14,770
-
10 · Payroll taxes
total $16,260 · program services $16,260
-
11b · Fees: legal
total $52,778 · program services $52,778
-
11c · Fees: accounting
total $60,567 · program services $60,567
-
11g · Fees: other
total $2,764 · program services $2,764
-
13 · Office expenses
total $101 · program services $101
-
16 · Occupancy
total $6,482 · program services $6,482
-
17 · Travel
total $81 · program services $81
-
20 · Interest
total $3,000 · program services $3,000
-
21 · Payments to affiliates
total $128,000 · program services $128,000
-
23 · Insurance
total $17,160 · program services $17,160
-
24a · Other expenses: VAT TAXES
total $157 · program services $157
-
24b · Other expenses: CURRENCY LOSS
total $40 · program services $40
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $10,000 · end of year $10,000
-
13 · Investments: program-related
beginning of year $24,990,127 · end of year $26,423,524
-
15 · Other assets
beginning of year $1,056,278 · end of year $523,805
-
17 · Accounts payable and accrued expenses
beginning of year $205,887 · end of year $231,495
-
23 · Secured mortgages and notes payable
beginning of year $100,000 · end of year $100,000
-
25 · Other liabilities
beginning of year $0 · end of year $53,265
-
27 · Net assets without donor restrictions
beginning of year $25,750,518 · end of year $26,572,569
Mission and programs · 2022
Mission
TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS SERVING THE POOR.
-
TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS SERVING THE POOR.
Expenses $528,477
As filed on the 2022 return.
Listed in Part VII
-
Atul TandonATUL TANDON
PRESIDENT
- Total calculated
- $662,408
- From this org
- $0
- From related orgs
- $623,944
- Other
- $38,464
- Hours/week
- 3 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $446,914 related
- Bonus
- $0 + $177,030 related
- Other
- $0
- Deferred
- $0 + $30,195 related
- Nontaxable benefits
- $0 + $8,269 related
- Filer's total
- $0 + $662,408 related
-
Randy KurtzRANDY KURTZ
EXECUTIVE VP, INT'L PROGRAMS
- Total calculated
- $405,591
- From this org
- $0
- From related orgs
- $365,691
- Other
- $39,900
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $261,691 related
- Bonus
- $0 + $104,000 related
- Other
- $0
- Deferred
- $0 + $20,178 related
- Nontaxable benefits
- $0 + $19,722 related
- Filer's total
- $0 + $405,591 related
-
Margaret TomasikMARGARET TOMASIK
TREASURER
- Total calculated
- $283,963
- From this org
- $0
- From related orgs
- $260,165
- Other
- $23,798
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $245,165 related
- Bonus
- $0 + $15,000 related
- Other
- $0
- Deferred
- $0 + $16,878 related
- Nontaxable benefits
- $0 + $6,920 related
- Filer's total
- $0 + $283,963 related
-
Mauricio Agudelo RinconMAURICIO AGUDELO RINCON
VP, CORPORATE DEVELOPMENT
- Total calculated
- $258,190
- From this org
- $0
- From related orgs
- $225,349
- Other
- $32,841
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $212,849 related
- Bonus
- $0 + $12,500 related
- Other
- $0
- Deferred
- $0 + $13,119 related
- Nontaxable benefits
- $0 + $19,722 related
- Filer's total
- $0 + $258,190 related
-
David WiegmanDAVID WIEGMAN
SECRETARY & ASSISTANT TREASURER
- Total calculated
- $243,119
- From this org
- $0
- From related orgs
- $209,272
- Other
- $33,847
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $199,272 related
- Bonus
- $0 + $10,000 related
- Other
- $0
- Deferred
- $0 + $14,125 related
- Nontaxable benefits
- $0 + $19,722 related
- Filer's total
- $0 + $243,119 related
-
Dale PattersonDALE PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave TolmieDAVE TOLMIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James BergmanJAMES BERGMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark ThompsonMARK THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike PalmerMIKE PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR · IL
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LTD
C · OTHER DEPOSITORY · GH · 60.6% owned · share of income -$165,908 · share of assets $33,931,175
Directly controlled by OPPORTUNITY TRANSFORMATION INVESTMENTS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412289349301616
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