Totals
- Total revenue
- $196,124
- Total expenses
- $1,981,576
- Contributions and grants received
- $11,028
- Grants paid
- $644,000
- Program service revenue
- $10,000
- Investment income
- $175,096
- Other revenue
- $0
- Total assets, end of year
- $5,704,404
- Total liabilities, end of year
- $807,000
- Net assets or fund balances, end of year
- $4,897,404
- Program services expenses (Part IX)
- $1,981,576
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,981,576
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.
-
1f · All other contributions, gifts and grants
$11,028
-
2a · Program service revenue: INTER CO SERV. INCOME
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $175,096 · excluded $175,096
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $500,000 · program services $500,000
-
2 · Grants to domestic individuals
total $144,000 · program services $144,000
-
11g · Fees: other
total $17,500 · program services $17,500
-
24a · Other expenses: INTER-CO SERVICE EXPENS
total $1,320,076 · program services $1,320,076
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,468,029 · end of year $19,847
-
2 · Savings and temporary cash investments
beginning of year $1,852,500 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,371,025 · end of year $292,053
-
4 · Accounts receivable
beginning of year $550,167 · end of year $3,242
-
9 · Prepaid expenses and deferred charges
beginning of year $11,666 · end of year $11,665
-
12 · Investments: other securities
beginning of year $0 · end of year $5,377,597
-
17 · Accounts payable and accrued expenses
beginning of year $1,070,531 · end of year $807,000
-
27 · Net assets without donor restrictions
beginning of year $2,149,207 · end of year $4,234,094
-
28 · Net assets with donor restrictions
beginning of year $4,033,649 · end of year $663,310
Mission and programs · 2022
Mission
ACCION OPPORTUNITY FUND. INC. (AOF) WAS INCORPORATED ON DECEMBER 7, 2011. THE MISSION OF AOF IS TO ASSIST IN BUILDING WORLD CLASS MICROFINANCE INSTITUTIONS IN THE UNITED STATES TO ENHANCE ECONOMIC DEVELOPMENT AND INDIVIDUALS' SELF SUFFICIENCY THROUGH (SEE SCH. O) INCREASING ACCESS TO CREDIT AND OTHERWISE PROMOTING FINANCIAL INCLUSION AND FINANCIAL HEALTH THROUGH TRAINING AND MENTORING FOR MEMBERS OF LOW-TO-MODERATE INCOME COMMUNITIES.
Activities or mission (Part I)
TO ASSIST IN BUILDING WORLD CLASS MICROFINANCE INSTITUTIONS (SEE SCHEDULE O FOR CONTINUATION)IN THE UNITED STATES TO ENHANCE ECONOMIC DEVELOPMENT AND INDIVIDUALS' SELF SUFFICIENCY THROUGH INCREASING ACCESS TO CREDIT AND OTHERWISE PROMOTING FINANCIAL INCLUSION AND FINANCIAL HEALTH THROUGH TRAINING AND MENTORING FOR MEMBERS OF LOW-TO-MODERATE INCOME COMMUNITIES.
-
ACCION ENVISIONS A WORLD IN WHICH HARD WORKING ENTREPRENEURS HAVE THE FINANCIAL ACCESS AND TOOLS THEY NEED TO IMPROVE THEIR LIVES AND ENHANCE THE WELL-BEING OF THEIR FAMILIES, COMMUNITIES AND LOCAL ECONOMIES FOR YEARS TO COME. ACCION OPPORTUNITY FUND, INC. WAS FORMED IN 2011 TO ELEVATE AND SUPPORT THE WORK OF ITS MEMBERS AS WELL AS OTHER LEADING MICRO LENDERS ON A NATIONAL SCALE. PRIORITY STRATEGIES FOR REALIZING THIS ARE AS FOLLOWS: PROPELLING THE FLOW OF RESOURCES, SUPPORT, TOOLS AND INFORMATION TO ALL MEMBER AND NON-MEMBER MICROFINANCEORGANIZATIONS - INCLUDING FUNDRAISING, TRAINING AND EDUCATION, MEDIA. PARTNERSHIP AND PROGRAMMATIC OPPORTUNITIES- TO ENCOURAGE THEIR DEVELOPMENT, INCREASING ACCESS TO CREDIT AND OTHERWISE PROMOTING FINANCIAL INCLUSION AND FINANCIAL HEALTH THROUGH TRAINING (SEE SCH. O)AND MENTORING FOR MEMBERS OF LOW-TO-MODERATE INCOME COMMUNITIES.
Expenses $1,981,576 · Grants $644,000 · Revenue $10,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Luz Lopez UrrutiaLUZ LOPEZ URRUTIA
CHIEF EXECUTIVE OFFICER
- Total calculated
- $421,228
- From this org
- $0
- From related orgs
- $403,402
- Other
- $17,826
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $335,833 related
- Bonus
- $0 + $67,529 related
- Other
- $0 + $40 related
- Deferred
- $0 + $9,900 related
- Nontaxable benefits
- $0 + $7,926 related
- Filer's total
- $0 + $421,228 related
-
Greg AvisGREG AVIS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Jim KoshlandJIM KOSHLAND
VICE CHAIR & SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Esteban AltschulESTEBAN ALTSCHUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Todd BakerTODD BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Swati BhatiaSWATI BHATIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Phil BlackPHIL BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Dickson ChuDICKSON CHU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Caretha ColemanCARETHA COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Solana CozzoSOLANA COZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Joni CropperJONI CROPPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Debra EngelDEBRA ENGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Madeleine FacklerMADELEINE FACKLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Brian GrahamBRIAN GRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Parker HudnutPARKER HUDNUT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Mickey KonsonMICKEY KONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Lata KrishnanLATA KRISHNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Juanita LottJUANITA LOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Nathalie Molina NinoNATHALIE MOLINA NINO
DIRECTOR (THRU 09/22)
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Sam RamosSAM RAMOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Michael SchleinMICHAEL SCHLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Diana TaylorDIANA TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Rolland JurgensROLLAND JURGENS
EVP & CFO (THRU 09/22)
- Total calculated
- $386,440
- From this org
- $0
- From related orgs
- $366,292
- Other
- $20,148
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $285,000 related
- Bonus
- $0 + $72,000 related
- Other
- $0 + $9,292 related
- Deferred
- $0 + $10,800 related
- Nontaxable benefits
- $0 + $9,348 related
- Filer's total
- $0 + $386,440 related
-
Michael RapaportMICHAEL RAPAPORT
PRESIDENT, COO
- Total calculated
- $383,713
- From this org
- $0
- From related orgs
- $349,194
- Other
- $34,519
- Hours/week
- 1.5 + 38.5 related
Schedule J breakdown matched by us
- Base
- $0 + $302,625 related
- Bonus
- $0 + $46,529 related
- Other
- $0 + $40 related
- Deferred
- $0 + $9,000 related
- Nontaxable benefits
- $0 + $25,519 related
- Filer's total
- $0 + $383,713 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
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
The filer's explanations (Part III)
- PART I, LINE 3
- A RELATED ORGANIZATION, ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT, COMPENSATED OFFICERS. THE METHODS USED BY THE RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION INCLUDE: COMPENSATION SURVEY OR STUDY FORM 990 OF OTHER ORGANIZATIONS APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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
-
PROGRAM SUPPORT
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.
-
ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT
501(C)(3) · SMALL BUSINESS LENDING AND NEW MARKET TAX CREDIT · CA · controlled entity
Directly controlled by ACCION OPPORTUNITY FUND
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
LCD NEW MARKETS FUND XIX
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XX
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXI
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXIII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXIV
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXV
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXVI
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXVII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXVIII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXIX
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXX
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXI
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXIII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXIV
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXV
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXVII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND LLC
ATTRACT CAPITAL TO REAL ESTATE IN LOW INCOME AREAS · DE
-
LCD NEW MARKETS FUND XXXVII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XXXVIII
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XL
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
-
LCD NEW MARKETS FUND XLI
PROVIDES LOANS IN LOW INCOME COMMUNITIES · DE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421309349305177
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