2020-11-13T11:40:27-06:00 2019-12-31 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2019-01-01 540907624 OPPORTUNITY INTERNATIONAL INC D/B/A OPPORTUNITY INTERNATIONAL-US OPPO 3124875000 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 MARGARET TOMASIK SVP FINANCE & TREASURER 3124875000 2020-11-04 1 MARK HEROUX P00959793 3127298000 2020-11-04 24.1.30.194 2020-11-04 08:42:03 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0882A3BD3791635C134A938B8FF3C2B174769BAB 2019 2021-01-29 14:40:06Z MARGARET TOMASIK 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 74751077 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. IN 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 95% OF LOAN CLIENTS ARE WOMEN. 13 12 68 49 0 0 25788125 21108224 59181380 53634488 -233723 -34678 0 0 84735782 74708034 4192511 3159945 0 0 8225619 8826877 0 0 3561431 64511740 56969302 76929870 68956124 7805912 5751910 266123821 242758944 222091978 200728283 44031843 42030661 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 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 95% OF LOAN CLIENTS ARE WOMEN. 0 0 55803933 43662017 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 SERBIA, GHANA, AND COLOMBIA AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. 95% OF LOAN CLIENTS ARE WOMEN. 2330164 2330164 2330164 OPPORTUNITY IMPLEMENTS ITS PROGRAMS IN 27 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 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 95% OF LOAN CLIENTS ARE WOMEN. 4918669 6910018 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 27 COUNTRIES. 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 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 829781 829781 732288 OI GRANTED FUNDS TO AFFILIATES, OPPORTUNITY INC., OPPORTUNITY TRANSFORMATION INVESTMENTS, INC., AND OPPORTUNITY INTERNATIONAL NICARAGUA, INC. 829781 829781 732288 63882547 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 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 71 0 68 1 0 1 MI UG 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 CT GA IL KS ME MD MA MI MN MS NJ NY NC OH OK OR PA RI SC TN VA WA WI AZ FL NH CO X X MARGARET TOMASIK SVP FINANCE & TREASURER 8007939455 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 ALANA ACKERSON DIRECTOR 3.00 0.00 X 0 0 0 KATEY ASSEM DIRECTOR 3.00 3.00 X 0 0 0 SUSAN GILLETTE DIRECTOR 3.00 0.00 X 0 0 0 JOHN HART DIRECTOR 3.00 3.00 X 0 0 0 DALE PATTERSON DIRECTOR 3.00 0.00 X 0 0 0 MUFFY MACMILLAN DIRECTOR 3.00 3.00 X 0 0 0 JANE NELSON DIRECTOR 3.00 3.00 X 0 0 0 LEANN POPE CHAIR 5.00 0.00 X X 0 0 0 DAVE M TOLMIE CHAIR 3.00 2.00 X X 0 0 0 JOEL JOHNSON DIRECTOR 3.00 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 FRED SASSER DIRECTOR 3.00 0.00 X 0 0 0 KEN WATHOME DIRECTOR 3.00 0.00 X 0 0 0 ATUL TANDON CEO 60.00 3.00 X X 512100 0 27632 RONALD GRAY LEGAL COUNSEL 6.00 34.00 X 206468 0 39976 KURTZ RANDY CHIEF ADMINISTRATIVE OFFICER 25.00 25.00 X 200000 0 30277 TOMASIK MARGARET SVP, FINANCE 55.00 0.00 X 200103 0 23441 WIEGMAN DAVID VP, PROGRAM OPERATIONS 25.00 25.00 X 151295 0 34318 REDA LANA D CHIEF PHILANTHROPY OFFICER 45.00 0.00 X 202000 0 2667 RIPLEY DENNIS W CHIEF PROGRAM OFFICER 45.00 0.00 X 200000 0 26091 ROTH GREGORY E SVP, PHILANTHROPY 55.00 0.00 X 198953 0 35725 LUTZ MARK K SVP, PHILANTHROPY 55.00 0.00 X 198901 0 26075 HAIDUC AMELIA S MANAGING DIRECTOR 55.00 0.00 X 182791 0 36496 OLSON LORI VP, PHILANTHROPY 55.00 0.00 X 155048 0 10845 2407659 0 293543 26 0 1 0 IMPACT ATLAS 20 CRECIENTA DR SAUSALITO CA 94965 CLIENT SURVEYS AND RESEARCH 522835 GAPLINK PLOT 2133 TANK HILL ROAD MUYENGA KAMPALA UG RESEARCH 236981 RJB SYSTEMS INC 2200 E 104TH AVE SUITE 209 THORTON CO 80233 COMPUTER NETWORK MAINTENANCE 217638 INNOVATIONS FOR POVERTY ACTION 101 WHITNEY AVE 2ND FLOOR NEW HAVEN CT 06510 RESEARCH 197552 JETHRO LIMITED ANGEL HOUSE SUITE 13 3RD FLOOR 2 CONARY WHARF LONDON UK E14 9FW COMPUTER NETWORK MAINTENANCE 156376 7 253903 20854321 3449552 21108224 MICRO FINANCE REVENUE 522100 51532831 51532831 SUPPORT SERVICE REVENUE 522100 2101657 2101657 53634488 8365 8365 43043 -43043 -43043 -43043 74708034 53634488 0 -34678 829781 829781 2330164 2330164 656566 398667 58600 199299 6883692 4179781 614385 2089526 354212 215078 31614 107520 507789 308330 45321 154138 424618 257828 37898 128892 13785 11809 1212 764 90000 77094 7921 4985 3373053 2889314 296906 186833 144003 133572 578 9853 954220 685288 180477 88455 445114 162601 99435 183078 1197731 764404 77819 355508 47376 24369 15680 7327 11023480 11007882 15598 203818 176776 27042 89255 58036 30051 1168 OTI BANKING OPERATING E 32453604 32453604 O.I. NETWORK PROGRAM EX 4918669 4918669 PROVISION FOR LOAN LOSS 2157889 2157889 -142695 -158389 -28391 44085 68956124 63882547 1512146 3561431 57978536 55089813 7584243 6254668 181559845 159841431 11435481 8964595 21677539 10078471 6568993 11599068 621055 701501 375668 307868 266123821 242758944 12944935 14545814 4575469 4924783 51428600 38955778 153142974 142301908 222091978 200728283 X 31022500 29281969 13009343 12748692 44031843 42030661 266123821 242758944 X 5751910 97919 -7851011 X X 0 1 X 1 0 X 21378858 21246759 21636368 25788125 21108224 111158334 21378858 21246759 21636368 25788125 21108224 111158334 16203682 94954652 230402 72286 39436 7039 8365 357528 111515862 326591733 0.85150 0.75370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 67800 307868 1 1 6038311 6038311 6086556 -48245 6038311 21677539 10078471 11599068 11599068 DEPOSITS FROM CUSTOMERS 129258508 ALLOWANCE FOR LOSS IN OTHER INSTITUTIONS 13043400 142301908 X 22856956 9485 9485 22847471 51860563 51860563 74708034 24177431 1000162 1000162 23177269 45778855 45778855 68956124 PART X, LINE 2: OPPORTUNITY HAS RECEIVED A DETERMINATION LETTER FROM THE IRS INDICATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMMPANYING CONSOLIDATED FINANCIAL STATEMENTS FOR CHARITABLE ACTIVITIES. OPPORTUNITY HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10. THE ONLY SIGNIFICANT TAX POSITION MANAGEMENT HAS IDENTIFIED IS THAT OF OPPORTUNITY'S TAX-EXEMPT STATUS. NO OTHER TAX POSITIONS, CERTAIN OR UNCERTAIN, HAVE BEEN IDENTIFIED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY CONTRIBUTION 9,485. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE OF DISCONTINUED OPS 51,532,831. DIVIDEND INCOME 8,365. REALIZED LOSS -43,043. SUBSIDIARY ELIMINATION 362,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY EXPENSE ALLOCATION 1,000,162. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS - INTEREST 10,337,582. DISCONTINUED OPERATIONS -PROVISION FOR LOAN LOSS 2,157,889. DISCONTINUED OPERATIONS - OPERATING EXPENSES 33,136,665. DISCONTINUED OPERATIONS - INCOME TAX BENEFIT 146,719. 1 SUB-SAHARAN AFRICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 949269 EUROPE GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 360000 CENTRAL AMERICA & THE CARIBBEAN GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 933143 EAST ASIA & THE PACIFIC GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 331426 SOUTH AMERICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 344534 SOUTH ASIA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 23290 NORTH AMERICA GRANTS TO RECIPIENTS IN THE REGION GRANTS TO RECIPIENTS IN THE REGION IN SUPPORT OF OIUS'S MISSION 209798 0 0 0 0 0 0 3151460 0 3151460 PHILIPPINES SUPPORT MICROFINANCE INSTITUTIONS WITH OPERATING AND LOAN FUNDS 85866 WIRE TRANSFER GHANA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 499788 WIRE TRANSFER UGANDA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 70027 WIRE TRANSFER COLOMBIA SCHOOL IMPROVEMENT LOANS AND SCHOOL FEE LOANS AND RELATED OPERATIONAL EXPENSES AND TRAINING TO EXPAND ACCESSIBILITY OF EDUCATION IN LOW INCOME AREAS 344534 WIRE TRANSFER NICARAGUA FINANCIAL AND AGRICULTURAL SERVICES AND TRAINING, EDUCATION AND COMMUNITY ECONOMIC DEVELOPMENT 880514 WIRE TRANSFER RWANDA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONSTO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 16452 WIRE TRANSFER UNITED KINGDOM SUPPORT MICROFINANCE INSTITUTIONS WITH OPERATING AND LOAN FUNDS 360000 WIRE TRANSFER INDIA TRAINING AND SUPPORT FOR COMMUNITY HEALTH FACILITATORS 23290 WIRE TRANSFER AUSTRALIA GRANT TO TRAIN AND SUPPORT WOMEN IN INDIA TO ACT AS COMMUNITY HEALTH FACILITATORS, INCLUDING TRAINING MATERIALS AND MARKET STUDY 195000 WIRE TRANSFER CANADA SUPPORT MICROFINANCE INSTITUTIONS WITH OPERATING AND LOAN FUNDS 209798 WIRE TRANSFER HONG KONG SUPPORT MICROFINANCE INSTITUTIONS WITH OPERATING AND LOAN FUNDS 10000 WIRE TRANSFER CHINA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 40560 WIRE TRANSFER MOZAMBIQUE IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 24000 WIRE TRANSFER MALAWI IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 339001 WIRE TRANSFER DOMINICAN REPUBLIC IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING ESPECIALLY RELATED TO AGRICULTURE AND EDUCATION 52629 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). DUSBURSEMENTS 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 TRANSFORMATION INVESTMENTS INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 364382506 501(C)(3) 97494 N/A FUNDS TO RELATED ORGANIZATION FOR OPERATING EXPENSES AND INVESTMENT IN SUBSIDIARY OPPORTUNITY INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 611748401 501(C)(3) 393287 N/A FUNDS TO AFFILIATE FOR OPERATING EXPENSES 2 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 368100 0 144000 0 0 0 16650 0 10982 0 539732 0 0 0 RONALD GRAY LEGAL COUNSEL 206468 0 0 0 0 0 16116 0 23860 0 246444 0 0 0 KURTZ RANDY CHIEF ADMINISTRATIVE OFFICER 200000 0 0 0 0 0 6417 0 23860 0 230277 0 0 0 TOMASIK MARGARET SVP, FINANCE 200103 0 0 0 0 0 14118 0 9323 0 223544 0 0 0 WIEGMAN DAVID VP, PROGRAM OPERATIONS 151295 0 0 0 0 0 10458 0 23860 0 185613 0 0 0 REDA LANA D CHIEF PHILANTHROPY OFFICER 202000 0 0 0 0 0 2667 0 0 0 204667 0 0 0 RIPLEY DENNIS W CHIEF PROGRAM OFFICER 200000 0 0 0 0 0 9500 0 16591 0 226091 0 0 0 ROTH GREGORY E SVP, PHILANTHROPY 198953 0 0 0 0 0 11865 0 23860 0 234678 0 0 0 LUTZ MARK K SVP, PHILANTHROPY 198901 0 0 0 0 0 12266 0 13809 0 224976 0 0 0 HAIDUC AMELIA S MANAGING DIRECTOR 182791 0 0 0 0 0 12636 0 23860 0 219287 0 0 0 OLSON LORI VP, PHILANTHROPY 152548 0 2500 0 0 0 10845 0 0 0 165893 0 0 0 X 67 1821217 FMV X DEBT FORGIVENESS 2 1250000 COST X ADVERTISING 3 269060 FMV X ACCOUNTING SERVICES 1 50000 FMV X TRAVEL 9 29715 COST X LEGAL SERVICE 1 17492 FMV X INTEREST FORGIVENESS 1 12069 COST 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 VIRCHOW KRAUSE LLP. TREASURER OF OPPORTUNITY INTERNATIONAL (OI) REVIEWS THE DRAFT PREPARED BY BAKER TILLY VIRCHOW KRAUSE LLP AND DISCUSSES COMMENTS AND QUESTIONS WITH BAKER TILLY VIRCHOW KRAUSE LLP. FINAL DRAFT OF 990 IS PRESENTED TO 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 COMMITTEE, AND THE RISK 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 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: FOREIGN CURRENCY TRANSLATION LOSS -2,258,505. MINORITY INTEREST 47,916. BANKING ACTIVITY -3,672,927. REALIZED LOSS ON ASSETS HELD FOR DISPOSAL -1,967,495. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. OPPORTUNITY TRANSFORMATION INVESTMENTS 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 364382506 TO INVEST AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS IL 501(C)(3) LINE 7 OPPORTUNITY INTERNATIONAL 1 OPPORTUNITY INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 611748401 TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR IL 501(C)(3) LINE 7 N/A 0 OPPORTUNITY INTERNATIONAL NICARAGUA INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 470994982 ASSIST LOCAL COMMUNITIES CREATE JOBS AND BETTER LIVING CONDITIONS IL 501(C)(3) LINE 7 OPPORTUNITY TRANSFORMATION INVESTMENTS 1 OPPORTUNITY BANK AD NOVI SAD BULEVAR OSLOBODJENJA 2A NOVI SAD RI OTHER DEPOSITORY RI OPPORTUNITY TRANSFORMATION INVESTMENTS C 5462 170612246 1.00000 1 OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LIMITED NO D765/3 KWAMWE NKRUMAH AVENUE ACCRA GH OTHER DEPOSITORY GH OPPORTUNITY TRANSFORMATION INVESTMENTS C -219228 47144085 0.60600 1 OPPORTUNITY INTERNATIONAL COLUMBIA SA FINANCING CO CALLE 70 7-30 BOGOTA CO OTHER DEPOSITORY CO OPPORTUNITY TRANSFORMATION INVESTMENTS C -523967 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 OPPORTUNITY TRANSFORMATION INVESTMENTS B 97494 CASH TRANSFERRED OPPORTUNITY INC B 393287 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL NICARAGUA INC B 889999 CASH TRANSFERRED OPPORTUNITY BANK SERBIA L 1293288 CASH TRANSFERRED