ACCION OPPORTUNITY FUND INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ACCION OPPORTUNITY FUND INC (EIN 45-4127501)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-11
- IRS object ID
- 202321319349303092
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-11T12:21:33-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 946214841 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARMANINO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 W SAN FERNANDO ST STE 500 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454127501 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACCI | BusinessNameControlTxt |
| Phone | 4082970204 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC TRUX | PersonNm |
| Person Title | INTERIM CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 4082970204 | PhoneNum |
| Signature | 2023-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ERIC | PersonFirstNm |
| Person Last | TRUX | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW PETROSKI | PreparerPersonNm |
| PTIN | P00853132 | PTIN |
| Phone | 4082006400 | PhoneNum |
| Preparation | 2023-05-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERIC TRUX | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,910,082 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | US.ACCION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2011 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,243,469 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,909,087 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,038 | PYInvestmentIncomeAmt |
| CY Investment Income | $995 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $6,244,507 | PYTotalRevenueAmt |
| CY Total Revenue | $4,910,082 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,205,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,940,967 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,155,720 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,310,425 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $582,930 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,467,341 | PYOtherExpensesAmt |
| CY Other Expenses | $1,440,557 | CYOtherExpensesAmt |
| PY Total Expenses | $3,828,061 | PYTotalExpensesAmt |
| CY Total Expenses | $4,691,949 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,416,446 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $218,133 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,172,057 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,253,387 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $207,334 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,070,531 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,964,723 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,182,856 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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 INCREASING ACCESS TO CREDIT AND OTHERWISE PROMOTING FINANCIAL INCLUSION AND FINANCIAL HEALTH THROUGH TRAINING AND MENTORING FOR MEMBERS OF LOW-TO-MODERATE INCOME COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,609,546 | ExpenseAmt |
| Grant | $1,940,967 | GrantAmt |
| Desc | 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 AND MENTORING FOR MEMBERS OF LOW-TO-MODERATE INCOME COMMUNITIES. | Desc |
| Total Program Service Expenses | $3,609,546 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 118 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATE LAWRENCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6506139311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 W ST JOHN ST SUITE 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| LUZ LOPEZ URRUTIA | |||||||
| CHIEF EXECUTIVE OFFICER | 3.00 | 37.00 | Yes (X) | Yes (X) | $0 | $373,205 | $21,492 |
| GREG AVIS | |||||||
| BOARD CHAIR | 1.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JIM KOSHLAND | |||||||
| VICE CHAIR & SECRETARY | 1.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICKEY KONSON | |||||||
| ASST. SECRETARY | 1.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ESTEBAN ALTSCHUL | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| TODD BAKER | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| SWATI BHATIA | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| PHIL BLACK | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| DICKSON CHU | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| CARETHA COLEMAN | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| SOLANA COZZO | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| JONI CROPPER | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| DEBRA ENGEL | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| MADELEINE FACKLER | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| BRIAN GRAHAM | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| PARKER HUDNUT | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| YUN-FANG JUAN | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| LATA KRISHNAN | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| JUANITA LOTT | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| NATHALIE MOLINA NINO | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH ROSS-RONCH | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL SCHLEIN | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| DIANA TAYLOR | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| ERIC WEAVER | |||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |
| ROLLAND JURGENS | |||||||
| EVP & CFO | 3.00 | 40.00 | Yes (X) | $0 | $299,704 | $21,168 | |
| MICHAEL RAPAPORT | |||||||
| PRESIDENT, COO | 1.50 | 40.00 | Yes (X) | $0 | $295,143 | $21,346 | |
| MIKE TORRES | |||||||
| CFO | 1.50 | 40.00 | Yes (X) | $0 | $78,924 | $4,291 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,046,976 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $68,297 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COMPASS GROUP INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2961 A HUNTER MILL ROAD SUITE 808 | AddressLine1Txt |
| City | OAKTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | CONSULTING SERVICES | ServicesDesc |
| Compensation | $307,500 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $4,909,087 | AllOtherContributionsAmt |
| Total Contributions | $4,909,087 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $995 | TotalRevenueColumnAmt |
| Exclusion | $995 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,910,082 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $995 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $856,967 | TotalAmt |
| Program Services | $856,967 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,084,000 | TotalAmt |
| Program Services | $1,084,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,239,761 | TotalAmt |
| Program Services | $1,155,664 | ProgramServicesAmt |
| Fundraising | $84,097 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,664 | TotalAmt |
| Program Services | $66,032 | ProgramServicesAmt |
| Fundraising | $4,632 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,554 | TotalAmt |
| Program Services | $554 | ProgramServicesAmt |
| Fundraising | $1,000 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,050 | TotalAmt |
| Management And General | $3,050 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,281 | TotalAmt |
| Program Services | $192,358 | ProgramServicesAmt |
| Fundraising | $488,923 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,032 | TotalAmt |
| Program Services | $7,336 | ProgramServicesAmt |
| Management And General | $696 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,084 | TotalAmt |
| Program Services | $2,515 | ProgramServicesAmt |
| Management And General | $4,569 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,436 | TotalAmt |
| Program Services | $31,417 | ProgramServicesAmt |
| Fundraising | $19 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,999 | TotalAmt |
| Program Services | $18,599 | ProgramServicesAmt |
| Fundraising | $1,400 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,318 | TotalAmt |
| Program Services | $4,217 | ProgramServicesAmt |
| Management And General | $400 | ManagementAndGeneralAmt |
| Fundraising | $2,701 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| INTER COMPANY SERVICE | $672,742 | $181,885 | $490,758 | $99 |
| DUES & SUBSCRIPTIONS | $8,061 | $8,002 | $59 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,691,949 | TotalAmt |
| Program Services | $3,609,546 | ProgramServicesAmt |
| Management And General | $499,473 | ManagementAndGeneralAmt |
| Fundraising | $582,930 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $536,672 | BOYAmt |
| EOY | $3,468,029 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,851,505 | BOYAmt |
| EOY | $1,852,500 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,740,000 | BOYAmt |
| EOY | $1,371,025 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $550,167 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,880 | BOYAmt |
| EOY | $11,666 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,172,057 | BOYAmt |
| EOY | $7,253,387 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $207,334 | BOYAmt |
| EOY | $1,070,531 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $207,334 | BOYAmt |
| EOY | $1,070,531 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,538,723 | BOYAmt |
| EOY | $2,149,207 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,426,000 | BOYAmt |
| EOY | $4,033,649 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,964,723 | BOYAmt |
| EOY | $6,182,856 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,172,057 | BOYAmt |
| EOY | $7,253,387 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $218,133 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,254,701 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,875,148 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,437,578 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,243,469 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,909,087 | CurrentTaxYearAmt |
| Total | $25,719,983 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,254,701 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,875,148 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,437,578 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,243,469 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,909,087 | CurrentTaxYearAmt |
| Total | $25,719,983 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $15,035,218 | SubstantialContributorsTotAmt |
| Public Support Total170 | $10,684,765 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,767 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $44,222 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $95,999 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,038 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $995 | CurrentTaxYearAmt |
| Total | $157,021 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $25,877,004 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,067,773 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.41290 | PublicSupportCY170Pct |
| Public Support PY170 | 0.41160 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AOF AND AOFCD ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 50L(C) (3) OF THE INTERNAL REVENUE CODE. IN ADDITION, AOF AND AOFCD QUALIFY FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2022. AOF IS EXEMPT FROM NEW YORK STATE INCOME TAXES UNDER SECTION 102 OF THE NOT-FOR-PROFIT CORPORATION LAW. AOF MAY BE LIABLE FOR INCOME TAXES BASED ON INCOME EARNED IN OTHER STATES AND IN WHICH IT HAS NOT YET APPLIED FOR EXEMPTION. AS OF JUNE 30, 2022, AOF ASSESSED THE AMOUNT OF STATE TAXES, IF ANY, TO BE IMMATERIAL TO ITS FINANCIAL STATEMENTS AND DID NOT ACCRUE ANY TAX LIABILITY IN ITS STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES FOR INCOME TAX RETURNS FILED IN THE U.S. FEDERAL JURISDICTION, THE STATE OF CALIFORNIA, AND THE STATE OF NEW YORK. THE TAX YEARS THAT REMAIN SUBJECT TO POTENTIAL EXAMINATION FOR THE U.S. FEDERAL JURISDICTION ARE YEARS ENDED JUNE 30, 2019, AND FORWARD. THE STATE OF CALIFORNIA AND NEW YORK TAX JURISDICTIONS ARE SUBJECT RO POTENTIAL EXAMINATION FOR YEARS ENDED JUNE 30, 2018 AND FORWARD. AS OF JUNE 30, 2022, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ALLIES FOR COMMUNITY BUSINESS INC | ||||||||
| 135 N KEDZIE AVENUE | CHICAGO | IL | 60612 | 363966573 | 501(C)(3) | $150,000 | $0 | MICRO-LENDING ACTIVITES & PROGRAM SUPPORT |
| ASCENDUS | ||||||||
| 80 MAIDEN LANE SUITE 903 | NEW YORK | NY | 10038 | 113317234 | 501(C)(3) | $215,000 | $0 | MICRO-LENDING ACTIVITES & PROGRAM SUPPORT |
| ACCESSITY | ||||||||
| 404 EUCLID AVENUE SUITE 271 | SAN DIEGO | CA | 92114 | 330620415 | 501(C)(3) | $133,967 | $0 | MICRO-LENDING ACTIVITES & PROGRAM SUPPORT |
| CENTER FOR WOMEN & ENTERPRISE INC | ||||||||
| 24 SCHOOL STREET 7TH FLOOR | BOSTON | MA | 02108 | 043256236 | 501(C)(3) | $25,000 | $0 | PROGRAM SUPPORT |
| HOT BREAD KITCHEN | ||||||||
| 630 FLUSHING AVE SUITE 210 | BROOKLYN | NY | 11206 | 263332972 | 501(C)(3) | $25,000 | $0 | PROGRAM SUPPORT |
| ACCION OPPORTUNITY | ||||||||
| 111 WEST ST JOHN STREET STE 800 | SAN JOSE | CA | 95113 | 311719434 | 501(C)(3) | $150,000 | $0 | PROGRAM SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | CASH GRANTS | GrantTypeTxt |
| Recipient | 147 | RecipientCnt |
| Cash Grant | $1,084,000 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PEER ORGANIZATIONS THAT RECEIVE SUBGRANTS ARE FULLY ENGAGED IN THE PROCESS OF CRAFTING PROPOSALS, BUDGETS AND DELIVERABLES FOR THE PROGRAM, AND IN REPORTING BACK TO DONORS. THE PROCESS IS MANAGED BY AOF THROUGH THE PARTNERSHIP AND BRANDING PROGRAMS, LED BY SEASONED AOF STAFF WHO TRACK THE RESULTS AGAINST GOALS AND PREPARE THE DONOR REPORTS AS REQUIRED. NO FUNDS ARE DISBURSED UNTIL A SIGNED CONTRACT HAS BEEN EXECUTED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LUZ LOPEZ URRUTIA | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $0 | $311,905 | $0 | $61,300 | $0 | $0 | $0 | $2,000 | $0 | $19,492 | $0 | $394,697 | $0 | $0 |
| ROLLAND JURGENS | ||||||||||||||
| EVP & CFO | $0 | $285,904 | $0 | $13,800 | $0 | $0 | $0 | $1,500 | $0 | $19,668 | $0 | $320,872 | $0 | $0 |
| MICHAEL RAPAPORT | ||||||||||||||
| PRESIDENT, COO | $0 | $288,843 | $0 | $6,300 | $0 | $0 | $0 | $2,000 | $0 | $19,346 | $0 | $316,489 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | 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 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THE CORPORATION ARE THOSE INDIVIDUALS SERVING FROM TIME TO TIME AS MEMBERS OF THE BOARD OF DRECTORS OF THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NUMBER OF DIRECTORS ON THE BOARD OF DIRECTORS (THE "DIRECTORS, AND EACH A "DIRECTOR") SHALL BE FIXED EXCLUSIVELY BY THE BOARD OF DIRECTORS PURSUANT TO A RESOLUTION ADOPTED BY TWO-THIRDS OF THE BOARD OF DIRECTORS THEN AUTHORIZED. EACH DIRECTOR SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES CAST AT A MEMBER MEETING AT WHICH A QUORUM IS PRESENT. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE OF ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT, A RELATED CALIFORNIA NONPROFIT ORGANIZATION, SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. ONCE THE AUDIT COMMITTEE HAS APPROVED THE DRAFT FORM 990, IT SHALL BE SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW, PRIOR TO FILING WITH THE IRS. ONCE THE REVIEW PERIOD HAS BEEN DULY EXPIRED, THE FORM 990 IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS ON DECEMBER 11, 2011 AND AMENDED IN 2012. THE BOARD ADOPTED TWO SUPPLEMENTARY POLICIES POR ITS CONFLICT OF INTEREST POLICY AT ITS AUGUST 9, 2012 BOARD MEETING, WHICH ARE AS FOLLOWS. CONFLICT OF INTEREST FORMS ARE SIGNED ANNUALLY. APPROVAL OF PROCEDURES FOR EVALUATING INTERESTED TRANSACTIONS: IN FURTHERANCE OF THE CONFLICT OF INTEREST POLICY OF THE COMPANY, THE COMPANY PROPOSES THAT WHEN THE BOARD EVALUATES A POTENTIAL INTERESTED TRANSACTION WHERE A MORE ADVANTAGEOUS TRANSACTION FOR THE COMPANY IS NOT REASONABLY POSSIBLE THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THAT THE BOARD DETERMINE BY A MAJORITY VOTE OF DISINTERESTED DIRECTORS WHETHER SUCH TRANSACTION OR ARRANGEMENT IS IN THE COMPANY'S BEST INTEREST, FOR ITS OWN BENEFIT AND WHETHER SUCH TRANSACTION IS FAIR AND REASONABLE. A LIST OF ALL OUR VENDORS IS PROVIDED WITH THE COI FORMS IN ORDER TO HELP THE BOARD MEMBERS MORE EASILY DETERMINE POSSIBLE CONFLICTS OF INTEREST. APPROVAL OF ANNUAL REVIEW OF COMPANY TRANSACTIONS: IN FURTHERANCE OF THE CONFLICT OF INTEREST POLICY OF THE COMPANY, THE COMPANY PROPOSES THAT ANNUALLY, THAT THE AUDIT COMMITTEE REVIEW THE COMPANY'S PARTNERSHIPS AND CONTRACTS WITH ITS MEMBERS, DIRECTORS, OFFICERS AND THEIR AFFILIATES TO DETERMINE THAT SUCH CONTRACTS AND PARTNERSHIPS CONFORM TO THE COMPANY'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENTS OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFITS OR IN AN EXCESS BENEFIT TRANSACTION FOR THE COMPANY. |
| FORM 990, PART VI, SECTION B, LINE 15A | AN INDEPENDENT FIRM WAS HIRED IN AUGUST 2011 TO SET TITLES AND SALARIES FOR ALL EMPLOYEES. THE REVIEW CONTAINED COMPARABILITY INFORMATION INCLUDING MINIMUM, MID AND MAXIMUM SALARY RANGES PLUS BENEFITS BY SIZE OF COMPANY AND REVENUES BY GEOGRAPHY AS NEEDED. A HR CONSULTANT UPDATED THE COMPARABLES FOR EACH POSITION ON AN ANNUAL BASIS. THE BOARD OF DIRECTORS VOTED ON THE CEO'S SALARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | AOF MAKES ITS FORM 990 AND 1023 AVAILABLE UPON REQUEST |
| FORM 990, PART IX, LINE 11G | TECHNICAL CONSULTANTS: PROGRAM SERVICE EXPENSES 24,963. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,963. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 167,395. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 488,923. TOTAL EXPENSES 656,318. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET STE 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311719434 | EIN |
| Primary Activities | SMALL BUSINESS LENDING AND NEW MARKET TAX CREDIT | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| LCD NEW MARKETS FUND XVII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 462344956 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XVIII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 462331736 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XIX | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471097946 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XX | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471108301 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXI | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471120556 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471131031 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXIII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471146746 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXIV | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471151234 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXV | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814931866 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXVI | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814959450 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXVII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814987352 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXVIII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815019797 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXIX | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815030853 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXX | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815047591 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXI | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842183852 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842239967 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXIII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842245040 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXIV | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842264312 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXV | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842275554 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND XXXVII | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842351711 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | N/A | 0 | 0 |
| LCD NEW MARKETS FUND LLC | |||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 161666636 | ATTRACT CAPITAL TO REAL ESTATE IN LOW INCOME AREAS | DE | N/A | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $150,000 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments