2023-05-11T12:21:33-05:00 2022-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2021-07-01 454127501 ACCION OPPORTUNITY FUND INC ACCI 4082970204 111 WEST ST JOHN STREET 800 SAN JOSE CA 95113 ERIC TRUX INTERIM CHIEF FINANCIAL OFFICER 4082970204 2023-05-09 1 ERIC TRUX 999009999 MATTHEW PETROSKI P00853132 4082006400 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ERIC TRUX 111 WEST ST JOHN STREET 800 SAN JOSE CA 95113 4910082 0 X US.ACCION.ORG X 2011 DE 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. 24 23 0 24 0 0 6243469 4909087 0 0 1038 995 0 0 6244507 4910082 1205000 1940967 0 0 1155720 1310425 0 0 582930 1467341 1440557 3828061 4691949 2416446 218133 6172057 7253387 207334 1070531 5964723 6182856 X 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. 0 0 3609546 1940967 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. 3609546 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 118 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AR CA CO CT DC DE GA IL MA MD MI NJ NM NY OH PA VA X X KATE LAWRENCE 6506139311 111 W ST JOHN ST SUITE 800 SAN JOSE CA 95113 LUZ LOPEZ URRUTIA CHIEF EXECUTIVE OFFICER 3.00 37.00 X X 0 373205 21492 GREG AVIS BOARD CHAIR 1.50 1.50 X X 0 0 0 JIM KOSHLAND VICE CHAIR & SECRETARY 1.50 1.50 X X 0 0 0 MICKEY KONSON ASST. SECRETARY 1.50 1.50 X X 0 0 0 ESTEBAN ALTSCHUL DIRECTOR 1.50 1.50 X 0 0 0 TODD BAKER DIRECTOR 1.50 1.50 X 0 0 0 SWATI BHATIA DIRECTOR 1.50 1.50 X 0 0 0 PHIL BLACK DIRECTOR 1.50 1.50 X 0 0 0 DICKSON CHU DIRECTOR 1.50 1.50 X 0 0 0 CARETHA COLEMAN DIRECTOR 1.50 1.50 X 0 0 0 SOLANA COZZO DIRECTOR 1.50 1.50 X 0 0 0 JONI CROPPER DIRECTOR 1.50 1.50 X 0 0 0 DEBRA ENGEL DIRECTOR 1.50 1.50 X 0 0 0 MADELEINE FACKLER DIRECTOR 1.50 1.50 X 0 0 0 BRIAN GRAHAM DIRECTOR 1.50 1.50 X 0 0 0 PARKER HUDNUT DIRECTOR 1.50 1.50 X 0 0 0 YUN-FANG JUAN DIRECTOR 1.50 1.50 X 0 0 0 LATA KRISHNAN DIRECTOR 1.50 1.50 X 0 0 0 JUANITA LOTT DIRECTOR 1.50 1.50 X 0 0 0 NATHALIE MOLINA NINO DIRECTOR 1.50 1.50 X 0 0 0 ELIZABETH ROSS-RONCH DIRECTOR 1.50 1.50 X 0 0 0 MICHAEL SCHLEIN DIRECTOR 1.50 1.50 X 0 0 0 DIANA TAYLOR DIRECTOR 1.50 1.50 X 0 0 0 ERIC WEAVER DIRECTOR 1.50 1.50 X 0 0 0 ROLLAND JURGENS EVP & CFO 3.00 40.00 X 0 299704 21168 MICHAEL RAPAPORT PRESIDENT, COO 1.50 40.00 X 0 295143 21346 MIKE TORRES CFO 1.50 40.00 X 0 78924 4291 0 1046976 68297 0 0 1 0 THE COMPASS GROUP INC 2961 A HUNTER MILL ROAD SUITE 808 OAKTON VA 22124 CONSULTING SERVICES 307500 1 4909087 4909087 995 995 4910082 0 0 995 X 856967 856967 1084000 1084000 1239761 1155664 84097 70664 66032 4632 1554 554 1000 3050 3050 681281 192358 488923 8032 7336 696 7084 2515 4569 31436 31417 19 19999 18599 1400 7318 4217 400 2701 INTER COMPANY SERVICE 672742 181885 490758 99 DUES & SUBSCRIPTIONS 8061 8002 59 4691949 3609546 499473 582930 536672 3468029 2851505 1852500 2740000 1371025 0 550167 43880 11666 6172057 7253387 207334 1070531 207334 1070531 X 2538723 2149207 3426000 4033649 5964723 6182856 6172057 7253387 218133 0 X 0 1 X 1 0 X 4254701 4875148 5437578 6243469 4909087 25719983 4254701 4875148 5437578 6243469 4909087 25719983 15035218 10684765 14767 44222 95999 1038 995 157021 25877004 1067773 0.41290 0.41160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: 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. 1 ALLIES FOR COMMUNITY BUSINESS INC 135 N KEDZIE AVENUE CHICAGO IL 60612 363966573 501(C)(3) 150000 0 MICRO-LENDING ACTIVITES & PROGRAM SUPPORT ASCENDUS 80 MAIDEN LANE SUITE 903 NEW YORK NY 10038 113317234 501(C)(3) 215000 0 MICRO-LENDING ACTIVITES & PROGRAM SUPPORT ACCESSITY 404 EUCLID AVENUE SUITE 271 SAN DIEGO CA 92114 330620415 501(C)(3) 133967 0 MICRO-LENDING ACTIVITES & PROGRAM SUPPORT CENTER FOR WOMEN & ENTERPRISE INC 24 SCHOOL STREET 7TH FLOOR BOSTON MA 02108 043256236 501(C)(3) 25000 0 PROGRAM SUPPORT HOT BREAD KITCHEN 630 FLUSHING AVE SUITE 210 BROOKLYN NY 11206 263332972 501(C)(3) 25000 0 PROGRAM SUPPORT ACCION OPPORTUNITY 111 WEST ST JOHN STREET STE 800 SAN JOSE CA 95113 311719434 501(C)(3) 150000 0 PROGRAM SUPPORT 5 0 CASH GRANTS 147 1084000 FMV PART I, LINE 2: 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. 0 0 0 0 0 0 0 0 0 LUZ LOPEZ URRUTIA CHIEF EXECUTIVE OFFICER 0 311905 0 61300 0 0 0 2000 0 19492 0 394697 0 0 ROLLAND JURGENS EVP & CFO 0 285904 0 13800 0 0 0 1500 0 19668 0 320872 0 0 MICHAEL RAPAPORT PRESIDENT, COO 0 288843 0 6300 0 0 0 2000 0 19346 0 316489 0 0 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 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. ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT 111 WEST ST JOHN STREET STE 800 SAN JOSE CA 95113 311719434 SMALL BUSINESS LENDING AND NEW MARKET TAX CREDIT CA 501(C)(3) LINE 7 ACCION OPPORTUNITY FUND 1 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT B 150000 FMV