2022-08-12T16:43:23-05:00 2021-09-30 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2020-10-01 540907624 OPPORTUNITY INTERNATIONAL INC D/B/A OPPORTUNITY INTERNATIONAL-US OPPO 3124875000 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 MARGARET TOMASIK SVP FINANCE & TREASURER 3124875000 2022-08-12 1 MARGARET TOMASIK XXX-XX-XXXX MARK HEROUX P00959793 3127298000 2022-08-12 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ATUL TANDON 101 N WACKER DRIVE SUITE 1150 CHICAGO IL 60606 53835766 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 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 FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. FYE 2021, OPPORTUNITY AND ITS PARTNER ORGANIZATIONS 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 90,000 SMALL HOLDER FARMERS. X 13 12 80 80 0 0 20218504 25064936 30884655 27817048 334827 182035 0 0 51437986 53064019 3916954 5365618 0 0 6804233 11261709 0 0 3914213 34215791 28249469 44936978 44876796 6501008 8187223 288031955 85666955 236884804 53641796 51147151 32025159 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 FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. IN FY2021 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION LOAN CLIENTS, 97% OF WHICH ARE WOMEN. EDUFINANCE PROGRAMS REACHED OVER 2 MILLION CHILDREN IN 8,400 SCHOOLS AND AGFINANCE REACHED OVER 90,000 SMALLHOLDER FARMERS. 0 0 20171562 27817048 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 IN GHANA (AND SERBIA IN 2020) AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. IN ADDITION, OPPORTUNITY PROVIDES WRAP AROUND SERVICES LIKE TRAINING AND SUPPORT TO ITS BENEFICIARY CLIENTS WHO ARE HOUSEHOLDS, SMALLHOLDER FARMERS, AND AFFORDABLE SCHOOLS FOR THE POOR. 97% OF OPPORTUNITY'S LOAN CLIENTS ARE WOMEN. IN ADDITION, OPPORTUNITY PROVIDES SAVINGS, INSURANCE, AND EFFICIENT MOBILE BASED PAYMENT SOLUTIONS TO MILLIONS OF ITS POOR CLIENTS AROUND THE WORLD. 5365618 5365618 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 FY2021 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 18.7 MILLION CLIENTS- 97% OF CLIENTS ARE WOMEN. OPPORTUNITY'S COVID-19 RELIEF RESPONSE PROGRAMS INCLUDED PARTNER SUPPORT ENABLING THEM TO REMAIN OPEN FOR CLIENTS, SCHOOL PROPRIETOR SUPPORT AND COMMUNITY HEALTH TRAINING. 13759872 OPPORTUNITY USES ITS CHARITABLE DONATIONS TO FUND ITS DIRECT OPERATIONS, ESPECIALLY IN ITS EDUCATION FINANCE, AGRICULTURAL FINANCE, DIGITAL FINANCIAL SERVICES AND MONITORING & EVALUATION PROGRAMS IN 30 COUNTRIES, WORKING WITH 104 PARTNERS. 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. IN FY2021 OPPORTUNITY'S EDUFINANCE PROGRAMS REACHED OVER 2 MILLION CHILDREN IN 8,400 SCHOOLS. AGFINANCE PROGRAMS REACHED OVER 90,000 SMALLHOLDER FARMERS. 39297052 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 1 0 1 1 1 0 0 1 39 0 80 1 0 1 MI UG GH 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 671464 0 39252 KATEY ASSEM DIRECTOR 3.00 3.00 X 0 0 0 LEANN POPE CHAIR 5.00 0.00 X 0 0 0 VIV BENJAMIN 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 MUFFY MACMILLAN 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 ALANA ACKERSON DIRECTOR 3.00 0.00 X 0 0 0 MARGARET TOMASIK SVP, FINANCE 55.00 0.00 X 219093 0 21947 RANDY KURTZ CHIEF ADMINISTRATIVE OFFICER 25.00 25.00 X 284500 0 37559 DAVID WIEGMAN VP, PROGRAM OPERATIONS 25.00 25.00 X 168101 0 29983 DENNIS W RIPLEY CHIEF PROGRAM OFFICER 40.00 0.00 X 274500 0 29548 GREGORY E ROTH SVP, PHILANTHROPY 40.00 0.00 X 235153 0 31076 AMELIA S HAIDUC MANAGING DIRECTOR, STRATEGIC PARTNERSHIPS 40.00 0.00 X 192433 0 35827 MARK K LUTZ SVP, PHILANTHROPY 40.00 0.00 X 208901 0 25342 LORI OLSON VP, PHILANTHROPY 40.00 0.00 X 156541 0 11949 LANA D REDA CHIEF PHILANTHROPY OFFICER 40.00 0.00 X 150328 0 8268 2561014 0 270751 26 0 1 0 AFRICA HR SOLUTIONS 6TH FL DIAS PIER BUILDINGLE CAUDA PORT LOUIS MP PROFESSIONAL EMPLOYMENT ORGANIZATION 362935 GAPLINK PLOT 2133 TANK HILL ROAD MUYENGA KAMPALA UG PROGRAM IMPLEMENTATION 221733 IMPACT ATLAS 20 CRECIENTA DR SAUSALITO CA 94965 CLIENT DATA TECHNOLOGY 217208 CHUHAK & TECSON PC 30 S WACKER DR SUITE 2600 CHICAGO IL 60606 LEGAL SERVICES 212928 RUSSELL REYNOLDS ASSOCIATES PO BOX 6427CHURCH STREET STATION NEW YORK NY 102496427 RECRUITING SERVICES 210098 11 1175876 23889060 1113448 25064936 MICROFINANCE REVENUE 522100 26123934 26123934 GOVERNMENT CONTRACTS 522100 1483111 1483111 PROGRAM SERVICE REVENUE 522100 210003 210003 27817048 35249 35249 918533 771747 146786 146786 146786 53064019 27817048 0 182035 1026889 1026889 4338729 4338729 810538 538040 52962 219536 8531751 5503586 588551 2439614 550196 365223 35951 149022 724902 481194 47367 196341 644322 427704 42102 174516 215611 102081 43972 69558 91085 7085 84000 4401251 3879688 244672 276891 28805 17731 8360 2714 1362285 1049081 225010 88194 505774 266540 93510 145724 659467 536541 30831 92095 8372 2448 4526 1398 3642538 3615178 27360 14972928 14972928 35975 11009 24966 87143 41201 45942 OTHER EXPENSES 3208999 3084940 65449 58610 PROVISION FOR LOAN LOSS -970764 -970764 44876796 39297052 1665531 3914213 91153163 40649034 0 4815951 5922565 165776494 26409462 13510752 9049007 9758701 7160554 11727560 2598147 680167 720872 100000 100000 267868 217868 288031955 85666955 16564101 6116252 6267024 2265630 62400978 5878470 151652701 39381444 236884804 53641796 X 32474816 15722105 18672335 16303054 51147151 32025159 288031955 85666955 X 8187223 74573 -27383788 X X 0 1 X 1 0 X 21246759 21636368 25788125 21108224 25064936 114844412 21246759 21636368 25788125 21108224 25064936 114844412 17089172 97755240 72286 39436 7039 8365 35249 162375 115006787 270320400 0.85000 0.85150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 40000 217868 1 1 9758701 7160554 2598147 2598147 DEPOSITS FROM CUSTOMERS 39381444 39381444 X 28073461 -74573 418699 344126 27729335 25334684 25334684 53064019 27120860 2415627 2415627 24705233 20171563 20171563 44876796 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, 2021 AND 2020. THE MICROFINANCE INSTITUTIONS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS PAY TAXES IN ACCORDANCE WITH THEIR RESPECTIVE COUNTRY'S LAWS AT THE RATE OF 25% 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 AND 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 XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY CONTRIBUTION 114,764. SUBSIDIARY ELIMINATION 303,935. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE OF DISCONTINUED OPS-MICROFINANCE REVENUE 26,123,934. DIVIDEND INCOME 2,774. INTEREST INCOME 32,474. REALIZED GAIN 146,786. TOTAL FUNDS TO SUPPORT FUNDRAISING AND ADMIN -971,284. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY ELIMINATION (OTI AND OIN) -122,080. INTERCOMPANY EXPENSE ALLOCATION 2,537,707. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS - INTEREST 3,615,178. DISCONTINUED OPERATIONS - OPERATING EXPENSES 14,972,928. DISCONTINUED OPERATIONS -PROVISION FOR LOAN LOSS -970,764. DISCONTINUED OPERATIONS - INCOME TAX EXPENSE 2,554,221. 1 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 1038104 EUROPE 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 226512 CENTRAL AMERICA & THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 1215605 EAST ASIA & THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 1303273 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 405665 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 63400 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 97855 0 0 0 0 0 0 4350414 0 4350414 PHILLIPINES SUPPORT MICROFINANCE INSTITUTIONS WITH LOAN FUNDS. 32174 WIRE TRANSFER GHANA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 164684 WIRE TRANSFER UGANDA TECHNOLOGY, TRAINING AND OPERATIONS SUPPORT TO INCREASE FINANCIAL SERVICES TO EDUCATION AND AGRICULTURE CLIENTS 209611 WIRE TRANSFER COLOMBIA TECHNOLOGY, TRAINING AND OPERATIONS SUPPORT TO INCREASE FINANCIAL SERVICES TO EDUCATION AND AGRICULTURE CLIENTS 394330 WIRE TRANSFER NICARAGUA FINANCIAL AND AGRICULTURAL SERVICES AND TRANING, EDUCATION AND COMMUNITY ECONOMIC DEVELOPMENT 1141668 WIRE TRANSFER RWANDA EDUFINANCE PROGRAM WORK AND SUPPORT OF MFI'S TO EXTEND FINANCIAL SERVICES 92445 WIRE TRANSFER UNITED KINGDOM SUPPORT OF PROGRAM WORK IN AFRICA WITH MICROFINANCE INSTITUTIONS 226512 WIRE TRANSFER INDIA TRAINING AND SUPPORT FOR COMMUNITY HEALTH FACILITATORS 39000 WIRE TRANSFER AUSTRALIA COVID RELIEF ASSISTANCE FOR PARTNERS IN INDIA 1190405 WIRE TRANSFER CANADA SUPPORT EXTREME POVERTY PROGRAM WORK IN HAITI 68557 WIRE TRANSFER PARAGUAY OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 7585 WIRE TRANSFER MYANMAR OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 24400 WIRE TRANSFER DOMINICAN REPUBLIC OPERATING EXPENSES FOR MICROFINANCE INSTITUTION 20500 WIRE TRANSFER HONDURAS OPERATING EXPENSES FOR MICROFINANCE INSTITUTION INCLUDING COVID RELIEF 20500 WIRE TRANSFER INDONESIA IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM 80694 WIRE TRANSFER MEXICO IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM 29298 WIRE TRANSFER SOUTH AFRICA IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM 571634 WIRE TRANSFER HAITI OPERATING EXPENSES AFTER EARTHQUAKE 25002 WIRE TRANSFER 19 24 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) 123237 N/A FUNDS TO AFFILIATE FOR OPERATING EXPENSES ACCESS BUSINESS GROUP INTERNATIONAL 7575 FULTON ST ADA MI 49355 383568820 501(C)(3) 523046 N/A NUTRITIONAL SUPPLEMENTS FOR POWER OF FIVE PROGRAM GLOBAL OUTREACH INC 13 RONS ROAD SANTA FE NM 87508 752191153 501(C)(3) 20000 N/A OPERATING FUNDS ALLIANCE FOR CHILDREN EVERYWHERE 4401 2ND AVE NE SEATTLE WA 98105 911704751 501(C)(3) 50000 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM GLASSWING INTERNATIONAL USA 199 WATER STREET FL 34 NEW YORK NY 10038 261456470 501(C)(3) 88840 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM HOPE FOR HAITI INC 1021 5TH AVENUE NORTH NAPLES FL 34102 593564329 501(C)(3) 136553 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM SOLID ROCK INTERNATIONAL 11012 LAKEVIEW DR CARMEL IN 46032 341719319 501(C)(3) 49130 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM WORD2ACT PO BOX 6246 GRAND RAPIDS MI 49506 814022063 501(C)(3) 36083 N/A IMPLEMENTATION OF EARLY CHILDHOOD NUTRITIONAL PROGRAM. 8 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 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 0 0 ATUL TANDON CEO 379144 0 292320 0 0 0 31496 0 7756 0 710716 0 0 0 RANDY KURTZ CHIEF ADMINISTRATIVE OFFICER 204500 0 80000 0 0 0 19343 0 18216 0 322059 0 0 0 DENNIS W RIPLEY CHIEF PROGRAM OFFICER 204500 0 70000 0 0 0 16765 0 12783 0 304048 0 0 0 GREGORY E ROTH SVP, PHILANTHROPY 210153 0 25000 0 0 0 12860 0 18216 0 266229 0 0 0 MARGARET TOMASIK SVP, FINANCE 209093 0 10000 0 0 0 14102 0 7845 0 241040 0 0 0 MARK K LUTZ SVP, PHILANTHROPY 198901 0 10000 0 0 0 12897 0 12445 0 234243 0 0 0 AMELIA S HAIDUC MANAGING DIRECTOR, STRATEGIC PARTNER 192433 0 0 0 0 0 13470 0 22357 0 228260 0 0 0 DAVID WIEGMAN VP, PROGRAM OPERATIONS 158101 0 10000 0 0 0 11767 0 18216 0 198084 0 0 0 LORI OLSON VP, PHILANTHROPY 156541 0 0 0 0 0 11949 0 0 0 168490 0 0 0 LANA D REDA CHIEF PHILANTHROPY OFFICER 150328 0 0 0 0 0 8268 0 0 0 158596 0 0 0 X 37 917872 FMV X CONSULTING 1 50915 FMV X PAYROLL FEES 1 50000 FMV X WEB 1 41832 FMV X LEGAL 1 38885 FMV X ADVERTISING 2 9290 FMV X FREE TRAVEL 3 3154 FMV X FUNDRAISING EVENTS 1 1500 FMV 0 1 0 SALE OF OPPORTUNITY BANK SERBIA SHARES 2020-11-19 11157958 COST UMWELTBANK AKTIENGESELLSCHAFT LAUFERTORGRABEN 6 NURNBERG GM FOREIGN ENTITIES SALE OF OPPORTUNITY BANK SERBIA SHARES 2020-11-19 7438638 COST GLS GEMEINSCHAFTSBANK EG CHRISTSTRASSE 9 BOCHUM GM FOREIGN ENTITIES SALE OF OPPORTUNITY BANK SERBIA SHARES 2020-11-19 5207047 COST TRIODOS SICAV II - TRIODOS MICROFINANCE FUND 11-13 BLVD DE LA FOIRE LUXEMBOURG LU FOREIGN ENTITIES SALE OF OPPORTUNITY BANK SERBIA SHARES 2020-11-19 5207047 COST TRIODOS BUND BV - TRIODOS FAIR SHARE FUND NIEUWEROORDWEG 1 ZEIST NL FOREIGN ENTITIES 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: DAVID WIEGMAN PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: SECRETARY OF OTI BECAME A DIRECTOR OF 3BANK (FORMERLY OPPORTUNITY BANK SERBIA) TO REPRESENT OTI'S REMAINING 20% SHARE OWNERSHIP. 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 PAYFACTORS 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 XI, LINE 9: TRANSFER OF BANK NET ASSETS -26,712,750. NON-OPERATING ACTIVITIES -706,760. MISCELLANEOUS ADJUSTMENTS 35,722. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART X: DURING FY 2021 OPPORTUNITY REDUCED ITS OWNERSHIP IN OPPORTUNITY BANK SERBIA (OBS) FROM 100% TO 20%, THEREFORE OBS' FINANCIAL STATEMENTS ARE NO LONGER INCLUDED IN OPPORTUNITY'S CONSOLIDATED FINANCIAL STATEMENTS. THIS RESULTED IN A REDUCTION OF $213 MILLION IN ASSETS. 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