2023-08-14T17:44:56-05:00 2022-09-30 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2021-10-01 540907624 OPPORTUNITY INTERNATIONAL INC D/B/A OPPORTUNITY INTERNATIONAL-US OPPO 3124875000 101 N WACKER DR SUITE 1150 CHICAGO IL 60606 MARGARET TOMASIK CFO 3124875000 2023-08-14 1 MARGARET TOMASIK XXX-XX-XXXX MARK HEROUX P00959793 3127298000 2023-08-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ATUL TANDON 101 N WACKER DR SUITE 1150 CHICAGO IL 60606 48691629 0 X WWW.OPPORTUNITY.ORG X 1971 IL OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS AND FOCUSED ON DEPLOYING LOCAL FUNDS AND FINANCIAL SERVICES PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS TO ITS CLIENTS. FYE 2022, OPPORTUNITY AND ITS PARTNERS SERVED 18.7 MILLION CLIENTS, 97% OF WHICH ARE WOMEN. EDUFINANCE PROGRAMS REACHED OVER 2 MILLION CHILDREN IN 8,400 SCHOOLS AND AGFINANCE PROGRAMS REACHED OVER 100,000 SMALLHOLDER FARMERS. 13 12 78 80 0 0 25064936 29699588 27817048 18649693 182035 184434 0 0 53064019 48533715 5365618 3692347 0 0 11261709 12892866 0 0 5073589 28249469 28900403 44876796 45485616 8187223 3048099 85666955 73246788 53641796 38595607 32025159 34651181 X OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS AND FOCUSED ON DEPLOYING LOCAL FUNDS AND FINANCIAL SERVICES, PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS TO ITS CLIENTS. IN FY2022 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION LOAN CLIENTS, 97% OF WHICH ARE WOMEN. CUMULATIVELY EDUCATION FINANCE PROGRAMS REACHED OVER 10.1 MILLION CHILDREN AND AGRICULTURE FINANCE REACHED OVER 150,000 HOUSEHOLDS. MICROBANKING CATALYZED $2.6 BILLION IN LOANS AND CREATED OVER 1.8 MILLION JOBS THROUGH THOSE LOANS. 0 0 18405213 15248258 OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SERVICES, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS AND FOCUSED ON DEPLOYING LOCAL FUNDS AND FINANCIAL SERVICES, PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS TO ITS CLIENTS. IN FY2022, OPPORTUNITY AND OUR 105 PARTNER FINANCIAL INSTITUTIONS RELEASED MORE THAN $2.7 BILLION TO HELP 18.7 MILLION LOW INCOME CLIENTS TO BUILD AND IMPROVE SMALL BUSINESSES AND LOCAL SCHOOLS. 3692347 3692347 OPPORTUNITY IMPLEMENTS ITS PROGRAMS IN 30 COUNTRIES THROUGH A WORLDWIDE NETWORK OF STAFF, BRANCHES, SUBSIDIARY BANKS AND LOCAL NONGOVERNMENTAL ORGANIZATIONS, AS WELL AS LOCAL IMPLEMENTING PARTNERS COMMERCIAL AND NONPROFIT AND MICROFINANCE INSTITUTIONS. OPPORTUNITY PROVIDES GRANTS AND MAINTAINS A MINORITY EQUITY INTEREST IN A NUMBER OF KEY IMPLEMENTING PARTNERS TO ENSURE A LONG-TERM ALIGNMENT OF INTEREST IN SERVING THE POOR. ADDITIONALLY, SUCH INVESTMENTS ENABLE OPPORTUNITY TO LEVERAGE LOCAL INVESTOR FUNDS AND DEBT TO INCREASE SERVICES AND MAXIMIZE THE FUNDS DEPLOYED TO SERVE THE ECONOMIC NEEDS OF THE POOR. IN FY2022 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION CLIENTS OF WHICH 97% OF CLIENTS ARE WOMEN. READ OUR 2022 IMPACT REPORT AT OPPORTUNITY.ORG/2022-IMPACT. 16681505 OPPORTUNITY IMPLEMENTS ITS PROGRAMS THROUGH A WORLDWIDE NETWORK OF STAFF, BRANCHES, SUBSIDIARY BANKS AND LOCAL NONGOVERNMENTAL ORGANIZATIONS, AS WELL AS LOCAL IMPLEMENTING PARTNERS- COMMERCIAL AND NONPROFIT AND MICROFINANCE INSTITUTIONS. OPPORTUNITY'S PROGRAMS ARE DESIGNED TO MAXIMIZE THE LOCAL PARTNER DISBURSEMENT OF LOANS, PROVISION OF SAVINGS ACCOUNTS, REMITTANCE AND OTHERS SERVICES TO ITS CLIENTS, ALONGSIDE THE TRAINING AND SUPPORT PROVIDED BY OPPORTUNITY TO THEM. OPPORTUNITY'S OBJECTIVE IS TO INCREASE EMPOWERMENT, ENTREPRENEURSHIP AND EMPLOYABILITY AMONGST BOTTOM-OF-THE-PYRAMID HOUSEHOLDS, AS EVIDENCED BY AN INCREASE IN REGULAR INCOME AND QUALITY OF LIFE STANDARDS. OPPORTUNITY USES ITS CHARITABLE DONATIONS TO INVEST EQUITY, FUND ITS DIRECT OPERATIONS, ESPECIALLY ITS EDUCATION FINANCE, AGRICULTURAL FINANCE, DIGITAL FINANCIAL SERVICES AND SUPPORT ITS IMPLEMENTING PARTNERS. ITS OPERATING MODEL RESULTS IN THE DISBURSED VALUE OF LOANS EACH YEAR VALUING ON AVERAGE 10 TIMES THE TOTAL CHARITABLE DONATIONS RECEIVED. IN FY2022, OPPORTUNITY'S EDUCATION FINANCE PROGRAMS REACHED OVER 1.6 MILLION CHILDREN IN 5,663 SCHOOLS, AND THEY RELEASED MORE THAN $99.5 MILLION IN CAPITAL. AGRICULTURE FINANCE PROGRAMS REACHED OVER 150,000 HOUSEHOLDS AND RELEASED OVER $50 MILLION IN CAPITAL. 38779065 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 49 0 78 1 0 1 MI UG GH CO 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA CO CT DC FL GA IL KS ME MD MA MI MN MS NC NH NJ NY OH OK OR PA RI SC TN VA WA WI X X X MARGARET TOMASIK SVP FINANCE & TREASURER 8007939455 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 ATUL TANDON CEO 60.00 3.00 X X 523755 0 27983 KATEY ASSEM DIRECTOR 3.00 3.00 X 0 0 0 LEANN POPE CHAIR 5.00 0.00 X 0 0 0 JANE NELSON DIRECTOR 3.00 0.00 X 0 0 0 SUSAN HAIGH DIRECTOR 3.00 0.00 X 0 0 0 JOEL JOHNSON DIRECTOR 3.00 0.00 X 0 0 0 DALE PATTERSON DIRECTOR 3.00 0.00 X 0 0 0 CAROL PELINO DIRECTOR 3.00 0.00 X 0 0 0 FRED SASSER DIRECTOR 3.00 0.00 X 0 0 0 KEN WATHOME DIRECTOR 3.00 0.00 X 0 0 0 GREGORY JAMES NELSON DIRECTOR 3.00 0.00 X 0 0 0 JANELLE MUNTZ LASSONDE DIRECTOR 3.00 0.00 X 0 0 0 MARGARET TOMASIK SVP FINANCE & TREASURER 55.00 0.00 X 234128 0 23393 DAVID WIEGMAN CHIEF OF STAFF & SECRETARY 25.00 25.00 X 177483 0 30149 MARY BARRY DIRECTOR, OFFICE OF CEO & ASST SEC 55.00 0.00 X 109040 0 22146 RANDY KURTZ EXEC VP, INT'L PROGRAMS & CAP SOLUTIONS 25.00 25.00 X 395781 0 35541 MAURICIO AGUDELO RINCON VP, CORPORATE DEVELOPMENT 20.00 20.00 X 256396 0 28064 DENNIS W RIPLEY CHIEF PROGRAM OFFICER 40.00 0.00 X 228843 0 27741 GREGORY E ROTH SVP, PHILANTHROPY 40.00 0.00 X 250196 0 31371 MARK K LUTZ SVP, PHILANTHROPY 40.00 0.00 X 321677 0 25930 AMELIA S HAIDUC MANAGING DIRECTOR, STRATEG 40.00 0.00 X 215253 0 32554 2712552 0 284872 26 0 1 0 AFRICA HR SOLUTIONS 6TH FL DIAS PIER BUILDINGLE CAUDA PORT LOUIS MP PROFESSIONAL EMPLOYMENT ORGANIZATION 785482 IMPACT ATLAS 20 CRECIENTA DR SAUSALITO CA 94965 CLIENT DATA TECHNOLOGY 233753 GAPLINK PLOT 2133 TANK HILL ROAD MUYENGA KAMPALA UG PROGRAM IMPLEMENTATION 184772 BAKER TILLY US LLP PO BOX 78975 MILWAUKEE WI 532788975 ACCOUNTING SERVICES 142519 CHUHAK & TECSON PC 30 S WACKER DR SUITE 2600 CHICAGO IL 60606 LEGAL SERVICES 140858 13 1169147 28530441 2506853 29699588 MICROFINANCE REVENUE 522100 15248258 15248258 GOVERNMENT CONTRACTS 522100 3140305 3140305 PROGRAM SERVICE REVENUE 522100 261130 261130 18649693 309301 309301 33047 157914 -124867 -124867 -124867 48533715 18649693 0 184434 207096 207096 3485251 3485251 926952 602519 92695 231738 9674925 6172517 517558 2984850 628226 415408 37418 175400 962470 660323 62922 239225 700293 438051 47570 214672 171771 90719 73381 7671 101513 10513 91000 4527952 3972799 213021 342132 75640 45960 3766 25914 1506549 1145760 248595 112194 545622 345445 63577 136600 2213134 1620677 47338 545119 72206 52409 11521 8276 1945731 1945731 49421 16761 32660 93909 42571 51338 BANKING OPERATING EXPEN 11278126 11278126 FX TRANSLATION 3938627 3938627 OTHER EXPENSE 1623842 1535442 38602 49798 PROVISION FOR LOAN LOSS 756360 756360 45485616 38779065 1632962 5073589 40649034 29532301 5922565 10639692 26409462 15379131 9049007 5036440 8266505 4713824 2598147 3552681 5803431 720872 511151 100000 100000 217868 2691961 85666955 73246788 6116252 8540600 2265630 669372 5878470 3990075 39381444 25395560 53641796 38595607 X 15722105 14336726 16303054 20314455 32025159 34651181 85666955 73246788 3048099 -391346 -30731 0 X X 0 1 X 1 0 X 21636368 25788125 21108224 25064936 29699588 123297241 21636368 25788125 21108224 25064936 29699588 123297241 11519430 111777811 39436 7039 8365 35249 309301 399390 123696631 216093101 0.90360 0.85000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 42000 59089 200779 1 1 8266505 4713824 3552681 3552681 DEPOSITS FROM CUSTOMERS 25395560 25395560 X PART X, LINE 2: OPPORTUNITY AND OTI HAVE RECEIVED DETERMINATION LETTERS FROM THE IRS INDICATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. ACCORDINGLY, OPPORTUNITY AND OTI ARE NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE AS OPPORTUNITY AND OTI ARE NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME ACTIVITIES. OPPORTUNITY AND OTI BELIEVE THEY HAVE TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2022 AND 2021. OPPORTUNITY BANK GHANA INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS PAYS TAXES IN ACCORDANCE WITH ITS COUNTRY'S LAWS AT THE RATE OF 30% OF TAXABLE INCOME AND CURRENT TAX EXPENSE IS RECORDED FOR THESE AMOUNTS. INCOME TAX EXPENSE IS INCLUDED IN GAIN (LOSS) FROM DISCONTINUED ACTIVITIES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES. INCOME TAXES FOR THE OVERSEAS FOR-PROFIT MICROFINANCE INSTITUTIONS ARE ACCOUNTED FOR UNDER THE ASSET-AND-LIABILITY METHOD. DEFERRED TAXES AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE CONSOLIDATED FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AD THEIR RESPECTIVE TAX BASES AND TAX CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING CURRENTLY ENACTED TAX RATES. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY ELIMINATION (OTI AND OIN) INTERCOMPANY EXPENSE ALLOCATION PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS - INTEREST DISCONTINUED OPERATIONS - OPERATING EXPENSES DISCONTINUED OPERATIONS -PROVISION FOR LOAN LOSS DISCONTINUED OPERATIONS - INCOME TAX EXPENSE 1 SUB-SAHARAN AFRICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 1035555 EUROPE GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 398211 CENTRAL AMERICA & THE CARIBBEAN GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 852397 EAST ASIA & THE PACIFIC GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 339328 SOUTH AMERICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 411725 SOUTH ASIA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 417690 NORTH AMERICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 15382 0 0 0 0 0 0 3470288 0 3470288 PHILLIPINES SUPPORT MICROFINANCE INSTITUTIONS WITH LOAN FUNDS. 218102 WIRE TRANSFER 0 GHANA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 322568 WIRE TRANSFER 0 UGANDA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES TO EDUCATION AND AGRICULTURE CLIENTS 184620 WIRE TRANSFER 0 COLOMBIA SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES TO SCHOOLS, ENTREPRENEURS AND AGRICULTURE CLIENTS AND VILLAGE SAVINGS AND LOAN ASSOCIATIONS. 404140 WIRE TRANSFER 0 NICARAGUA FINANCIAL AND AGRICULTURAL SERVICES AND TRANING, EDUCATION AND COMMUNITY ECONOMIC DEVELOPMENT 852397 WIRE TRANSFER 0 RWANDA EDUCATION FINANCE PROGRAM WORK AND SUPPORT OF MFI'S TO EXTEND FINANCIAL SERVICES 49041 WIRE TRANSFER 0 UNITED KINGDOM SUPPORT OF PROGRAM WORK IN AFRICA WITH MICROFINANCE INSTITUTIONS 210591 WIRE TRANSFER 0 INDIA IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM. 417690 WIRE TRANSFER 0 AUSTRALIA SUPPORT OF PROGRAM WORK IN INDIA WITH MICROFINANCE INSTITUTIONS 96826 WIRE TRANSFER 0 CANADA SUPPORT EXTREME POVERTY PROGRAM WORK 15382 WIRE TRANSFER 0 PARAGUAY OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 7585 WIRE TRANSFER 0 MYANMAR OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 24400 WIRE TRANSFER 0 SOUTH AFRICA IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM 458326 WIRE TRANSFER 0 GERMANY SUPPORT EXTREME POVERTY GRADUATION PROGRAM WORK IN HAITI. 187620 WIRE TRANSFER 0 MALAWI OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 21000 WIRE TRANSFER 0 14 6 0 0 1 0 0 0 PART I, LINE 2: UPON RECEIPT OF A FUNDING AWARD THAT INCLUDES IMPLEMENTING PARTNERS, THE PROJECT IS HANDED OFF TO OPPORTUNITY'S PROGRAM MANAGEMENT TEAM FOR SET-UP AND EVALUATION OF PROSEPCTIVE GRANTEES TO IMPLEMENT THE PROJECT. NEW GRANTEES ARE APPROVED BY THE MANAGEMENT TEAM. PROGRAM MANAGEMENT DRAFTS COMPREHENSIVE DONOR PROGRAM MEMORANDUM OF UNDERSTANDING (MOU) AGREEMENTS WITH ALL PARTNERS WITHIN A PROJECT. IN ORDER TO DISBURSE FUNDS TO THE GRANTEE(S) IN ACCORDANCE WITH THE APPROVED PROJECT BUDGET, A SEPARATE FUNDING AGREEMENT IS PREPARED THAT REFERENCES THE TERMS OF THE EXECUTED DONOR PROGRAM AGREEMENT. THE EXECUTED FUNDING AGREEMENT IS THEN PROVIDED TO FINANCE ALONG WITH THE REQUEST FOR FUNDING FORM IN ORDER TO INITIATE THE FUND DISBURSEMENT TO THE GRANTEE(S). DISBURSEMENTS ARE ONLY MADE WHEN ALL SIGNED AGREEMENTS ARE PROVIDED AND DISBURSEMENTS ARE TRACKED IN THE FINANCIAL SYSTEM. OPPORTUNITY'S PROGRAM MANAGEMENT TEAM IS ALSO RESPONSIBLE FOR THE MONITORING OF BUDGET TO ACTUAL SPENDING, PROJECT ACTIVITIES, PROGRESS AGAINST TARGETS AND DONOR REPORTING. MONITORING IS CONDUCTED BY MULTIPLE METHODS THROUGHOUT THE LIFE CYCLE OF THE PROJECT, WHICH VARY ACCORDING TO THE PROJECT SIZE AND RESOURCES ALLOCATED TO SUPPORT MONITORING COSTS. IN GENERAL, MONITORING INCLUDES REGULAR UPDATE CALLS WITH THE LOCAL PROJECT TEAM, EMAIL UPDATES BETWEEN SCHEDULED PROJECT CALLS, AND SUBMISSION OF REGULAR INTERNAL REPORTS TO PROGRAM MANAGEMENT ON THE STATUS OF PROGRAM ACTIVITIES, PROGRESS AGAINST TARGETS, AND BUDGET TO ACTUAL SPENDING. IN ADDITION, BACKUP DOCUMENTATION FOR FINANCIAL REPORTING IS COLLECTED AS NECESSARY, SUCH AS INVOICES FOR PROCUREMENT, CONSULTANT AGREEMENTS, ETC. THE SCHEDULE OF REPORTING IS OUTLINED WITHIN THE DONOR PROGRAM MOU AGREEMENT IF RESOURCES ARE ALLOCATED FOR ON-SITE MONITORING VISITS, PROGRAM MANAGEMENT WILL TRAVEL TO THE PROJECT LOCATION TO CONDUCT PERIODIC MONTIORING ACTVITIES AND AUDIT PROGRAM FILES AND FINANCIAL RECORDS, AS NEEDED. PART III ACCOUNTING METHOD: 1 OPPORTUNITY INC 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 611748401 501(C)(3) 152096 0 N/A FUNDS TO AFFILIATE FOR OPERATING EXPENSES GLOBAL OUTREACH INC 13 RONS ROAD SANTA FE NM 87508 752191153 501(C)(3) 10000 0 N/A OPERATING FUNDS ALLIANCE FOR CHILDREN EVERYWHERE 4401 2ND AVE NE SEATTLE WA 98105 911704751 501(C)(3) 45000 0 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM 3 3 PART I, LINE 2: UPON RECEIPT OF A FUNDING AWARD THAT INCLUDES IMPLEMENTING PARTNERS, THE PROJECT IS HANDED OFF TO OPPORTUNITY'S PROGRAM MANAGEMENT TEAM FOR SET-UP AND EVALUATION OF PROSPECTIVE GRANTEES TO IMPLEMENT THE PROJECT. NEW GRANTEES ARE APPROVED BY THE MANAGEMENT TEAM. PROGRAM MANAGEMENT DRAFTS COMPREHENSIVE DONOR PROGRAM MEMORANDUM OF UNDERSTANDING (MOU) AGREEMENTS WITH ALL PARTNERS WITHIN A PROJECT. IN ORDER TO DISBURSE FUNDS TO THE GRANTEE(S) IN ACCORDANCE WITH THE APPROVED PROJECT BUDGET, A SEPARATE FUNDING AGREEMENT IS PREPARED THAT REFERENCES THE TERMS OF THE EXECUTED DONOR PROGRAM AGREEMENT. THE EXECUTED FUNDING AGREEMENT IS THEN PROVIDED TO FINANCE ALONG WITH THE REQUEST FOR FUNDING FORM IN ORDER TO INITIATE THE FUND DISBURSEMENT TO THE GRANTEE(S). DISBURSEMENTS ARE ONLY MADE WHEN ALL SIGNED AGREEMENTS ARE PROVIDED AND DISBURSEMENTS ARE TRACKED IN THE FINANCIAL SYSTEM. OPPORTUNITY'S PROGRAM MANAGEMENT TEAM IS ALSO RESPONSIBLE FOR THE MONITORING OF BUDGET TO ACTUAL SPENDING, PROJECT ACTIVITIES, PROGRESS AGAINST TARGETS AND DONOR REPORTING. MONITORING IS CONDUCTED BY MULTIPLE METHODS THROUGHOUT THE LIFE CYCLE OF THE PROJECT, WHICH VARY ACCORDING TO THE PROJECT SIZE AND RESOURCES ALLOCATED TO SUPPORT MONITORING COSTS. IN GENERAL, MONITORING INCLUDES REGULAR UPDATE CALLS WITH THE LOCAL PROJECT TEAM, EMAIL UPDATES BETWEEN SCHEDULED PROJECT CALLS, AND SUBMISSION OF REGULAR INTERNAL REPORTS TO PROGRAM MANAGEMENT ON THE STATUS OF PROGRAM ACTIVITIES, PROGRESS AGAINST TARGETS, AND BUDGET TO ACTUAL SPENDING. IN ADDITION, BACKUP DOCUMENTATION FOR FINANCIAL REPORTING IS COLLECTED AS NECESSARY, SUCH AS INVOICES FOR PROCUREMENT, CONSULTANT AGREEMENTS, ETC. THE SCHEDULE OF REPORTING IS OUTLINED WITHIN THE DONOR PROGRAM MOU AGREEMENT IF RESOURCES ARE ALLOCATED FOR ON-SITE MONITORING VISITS, PROGRAM MANAGEMENT WILL TRAVEL TO THE PROJECT LOCATION TO CONDUCT PERIODIC MONTIORING ACTVITIES AND AUDIT PROGRAM FILES AND FINANCIAL RECORDS, AS NEEDED. 1 X X 0 0 0 0 0 0 0 1 0 ATUL TANDON CEO 394855 0 128900 0 0 0 20247 0 7736 0 551738 0 0 0 RANDY KURTZ EXEC VP, INT'L PROGRAMS & CAP SOLUTI 233981 0 161800 0 0 0 17413 0 18128 0 431322 0 0 0 MARK K LUTZ SVP, PHILANTHROPY 306677 0 15000 0 0 0 13209 0 12721 0 347607 0 0 0 MAURICIO AGUDELO RINCON VP, CORPORATE DEVELOPMENT 235696 0 20700 0 0 0 9936 0 18128 0 284460 0 0 0 GREGORY E ROTH SVP, PHILANTHROPY 220196 0 30000 0 0 0 13243 0 18128 0 281567 0 0 0 MARGARET TOMASIK SVP FINANCE & TREASURER 226628 0 7500 0 0 0 15720 0 7673 0 257521 0 0 0 DENNIS W RIPLEY CHIEF PROGRAM OFFICER 208843 0 20000 0 0 0 15020 0 12721 0 256584 0 0 0 AMELIA S HAIDUC MANAGING DIRECTOR, STRATEG 200253 0 15000 0 0 0 14426 0 18128 0 247807 0 0 0 DAVID WIEGMAN CHIEF OF STAFF & SECRETARY 169983 0 7500 0 0 0 12021 0 18128 0 207632 0 0 0 PART I, LINE 7 COMPENSATION OF NON-FIXED PAYMENTS WERE PAID BASED ON REACHING COMPANY OBJECTIVES. X 48 2271310 FMV X CONSULTING 1 98723 FMV X PAYROLL FEES 1 50000 FMV X WEB SERVICES 1 43828 FMV X LEGAL 2 28339 FMV X TRAVEL 3 8039 FMV X FUNDRAISING EVENTS 2 6615 FMV 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND AUDITED FINANCIAL STATEMENTS AND SENDS TO BAKER TILLY US LLP. TREASURER OF OPPORTUNITY INTERNATIONAL (OI) REVIEWS THE DRAFT PREPARED BY BAKER TILLY US LLP AND DISCUSSES COMMENTS AND QUESTIONS WITH BAKER TILLY US LLP. FINAL DRAFT OF 990 IS PRESENTED TO FINANCE AND AUDIT COMMITTEE FOR REVIEW. AFTER REVIEW IS COMPLETE, THE 990 IS DISTRIBUTED TO THE OPPORTUNITY INTERNATIONAL BOD AND THE RETURN IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS AN ANNUAL REQUIREMENT FOR ALL EMPLOYEES AND DIRECTORS TO SIGN THE CONFLICT OF INTEREST STATEMENTS. DISCLOSURES ARE TO BE MADE BY EMPLOYEES TO THE HUMAN RESOURCES DEPARTMENT. IN THE CASE OF THE CEO AND OTHER DIRECTORS, CONFLICTS OF INTEREST ARE REPORTED TO THE FINANCE AND AUDIT COMMITTEE. IF A CONFLICT OF INTEREST IS DETERMINED, THE RESPONSIBLE PERSON(S) ARE RECUSED/EXCLUDED FROM ALL DISCUSSIONS IN CONNECTION WITH THE PROPOSED TRANSACTION. FINANCE DEPARTMENT MONITORS RELATED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED USING PAY FACTORS SALARY DATABASE AND HUMENTUM SALARY SURVEY AS COMPARABILITY DATA TO HELP SET COMPENSATION. COMPENSATION DECISIONS ARE REVIEWED BY THE CEO AND APPROVALS ARE DOCUMENTED IN THE EMPLOYEE FILES. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 POSTED ON OUR WEBSITE; FORM 1023 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY IS NOT PUBLISHED. FINANCIAL STATEMENTS ARE AVAILABLE ON THE OPPORTUNITY INTERNATIONAL WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. OPPORTUNITY TRANSFORMATION INVESTMENTS 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 364382506 TO INVEST AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS IL 501(C)(3) LINE 7 OPPORTUNITY INTERNATIONAL 1 OPPORTUNITY INC 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 611748401 TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR IL 501(C)(3) LINE 7 N/A 0 OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LIMITED NO D765/3 KWAMWE NKRUMAH AVENUE ACCRA GH SAVINGS INSTITUTION GH OPPORTUNITY TRANSFORMATION INVESTMENTS C -3156979 34479660 0.60600 1 OPPORTUNITY INTERNATIONAL GHANA HOUSE NUMBER D765/3 KWAME NKRUMAH A ACCRA GH OTHER DEPOSITORY GH OPPORTUNITY INTERNATIONAL INC C 1.00000 1 OPPORTUNITY INTERNATIONAL MALAWI PLOT 114 AREA 6 LILONGWE MI OTHER DEPOSITORY MI OPPORTUNITY INTERNATIONAL INC C 1.00000 1 OPPORTUNITY INTERNATIONAL RWANDA KACYIRU GASABO UMUJYI WA KIGALI RW OTHER DEPOSITORY RW OPPORTUNITY INTERNATIONAL INC C 1.00000 1 OPPORTUNITY INTERNATIONAL UGANDA PO BOX 7279 KAMPALA UG OTHER DEPOSITORY UG OPPORTUNITY INTERNATIONAL INC C 1.00000 1 OPPORTUNITY INTERNATIONAL ONG A148 AVENUE MOBUTU GEMENA CG OTHER DEPOSITORY CG OPPORTUNITY INTERNATIONAL INC C 1.00000 0 FUNDACION OPPORTUNITY INT'L COLOMBIA SECTIONAL DE IMPUESTOS DE BOGOTA BOGOTA CO OTHER DEPOSITORY CO OPPORTUNITY INTERNATIONAL INC C 1.00000 0 OI SERVICES LTD FIRST FL TEMPLEBACK 10 TEMPLE BAC BRISTOL UK OTHER DEPOSITORY UK OPPORTUNITY INTERNATIONAL INC C 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 OPPORTUNITY TRANSFORMATION INVESTMENTS L 129256 CASH TRANSFERRED OPPORTUNITY INC L 30000 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LIMITED B 116534 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL MALAWI B 677104 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL MALAWI L 90000 CASH TRANSFERRED OPPORTUNITY INC B 152096 CASH TRANSFERRED