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Nonprofiteer
← OPPORTUNITY INC

Form 990 for tax year 2023

Filed by OPPORTUNITY INC.

Totals

Total revenue
$331,711
Total expenses
$273,331
Contributions and grants received
$331,711
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$124,614
Total liabilities, end of year
$947
Net assets or fund balances, end of year
$123,667
Program services expenses (Part IX)
$273,331
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$273,331

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

    $331,711

  • 1g · Noncash contributions included above

    $10,461

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $107,051 · program services $107,051

  • 7 · Other salaries and wages

    total $33,485 · program services $33,485

  • 8 · Pension plan contributions

    total $8,039 · program services $8,039

  • 9 · Other employee benefits

    total $1,710 · program services $1,710

  • 10 · Payroll taxes

    total $10,541 · program services $10,541

  • 11b · Fees: legal

    total $12,099 · program services $12,099

  • 11c · Fees: accounting

    total $1,189 · program services $1,189

  • 11g · Fees: other

    total $50,828 · program services $50,828

  • 13 · Office expenses

    total $336 · program services $336

  • 14 · Information technology

    total $22,950 · program services $22,950

  • 17 · Travel

    total $11,821 · program services $11,821

  • 23 · Insurance

    total $9,600 · program services $9,600

  • 24a · Other expenses: CURRENCY GAIN/LOSS

    total $3,172 · program services $3,172

  • 24b · Other expenses: FEES FOR PAYROLL SERVIC

    total $237 · program services $237

  • 24c · Other expenses: VAT TAXES

    total $159 · program services $159

  • 24d · Other expenses: BANK/CREDIT CARD/FILING

    total $114 · program services $114

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $73,724 · end of year $124,614

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,513 · end of year $947

  • 27 · Net assets without donor restrictions

    beginning of year $65,287 · end of year $123,667

Mission and programs · 2023

Mission

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 (SEE SCH O) MICROFINANCE ORGANIZATIONS WHICH PROVIDE INNOVATIVE FINANCIAL SOLUTIONS TO EMPOWER PEOPLE, CREATE JOBS AND BUILD VIBRANT COMMUNITIES.

Activities or mission (Part I)

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.

  • 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.

    Expenses $273,331

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clifford Hamption

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Walter Lewen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nils Ritterhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John March

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leann Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Foy

    EXECUTIVE DIRECTOR

    Total calculated
    $81,470
    From this org
    $0
    From related orgs
    $67,694
    Other
    $13,776
    Hours/week
    24

  • Margaret Tomasik

    TREASURER

    Total calculated
    $281,671
    From this org
    $0
    From related orgs
    $257,050
    Other
    $24,621
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,050 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,896 related
    Nontaxable benefits
    $0 + $6,725 related
    Filer's total
    $0 + $281,671 related

  • Shari Lutey

    SECRETARY

    Total calculated
    $37,877
    From this org
    $0
    From related orgs
    $35,399
    Other
    $2,478
    Hours/week
    6 + 6 related

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202432929349300028

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