2017-11-15T14:21:57-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2016-01-01 364382506 OPPORTUNITY TRANSFORMATION INVESTMENTS OPPO 8007939455 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 DAVID WIEGMAN TREASURER 8007939455 2017-11-15 1 ALEX E WARNER CPA MST P01351082 6305738600 2017-11-15 67.137.57.251 2017-11-15 08:42:06 CS P 18BC5E18286226E9DF068D3E208D48F3336BB66D 07CFC8338AB533BF649A2BED41BB2CAEB54A9D32 2016 2017-02-10 21:41:12Z DAVID WIEGMAN 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 1895574 0 X WWW.OPPORTUNITY.ORG X 2000 IL TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS AS THEY CONVERT FROM NONGOVERNMENTAL ORGANIZATIONS TO COMMERCIAL MICRO-FINANCE INSTITUTIONS SERVING THE POOR. 7 6 0 6 0 0 11154709 438535 642840 422471 133760 -30387947 42500 144455 11973809 -29382486 0 0 0 0 594954 330955 0 0 0 4756781 3374813 5351735 3705768 6622074 -33088254 128469573 79794859 27180279 22872024 101289294 56922835 TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS AS THEY CONVERT FROM NONGOVERNMENTAL ORGANIZATIONS TO COMMERCIAL MICROFINANCE INSTITUTIONS SERVING THE POOR. 0 0 3705768 566926 TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS AS THEY CONVERT FROM NONGOVERNMENTAL ORGANIZATIONS TO COMMERCIAL MICROFINANCE INSTITUTIONS SERVING THE POOR. 3705768 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 0 0 0 0 1 GH NL RI UK 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X OPPORTUNITY INTERNATIONAL INC 8007939455 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 VICKI ESCARRA PRESIDENT & DIRECTOR 5.00 50.00 X X 0 224437 23792 BETH STEPHENSON CHAIR 2.50 2.50 X 0 0 0 JANE NELSON DIRECTOR 2.50 2.50 X 0 0 0 HERVE SARTEAU DIRECTOR 2.50 2.50 X 0 0 0 MARK THOMPSON DIRECTOR 2.50 2.50 X 0 0 0 JAMES COX DIRECTOR 2.50 2.50 X 0 0 0 MARK LINSZ DIRECTOR 2.50 2.50 X 0 0 0 DENNIS WALLESTAD VICE PRESIDENT 10.00 45.00 X 0 284230 30029 DAVID WIEGMAN SECRETARY & TREASURER 10.00 45.00 X 0 129385 29315 RICHARD JOHN FORMER DIRECTOR, TREASURER, AND SECRETARY 10.00 45.00 X 0 121491 13620 DENNIS RIPLEY FORMER ASSISTANT TREASURER & SECRETARY 5.00 45.00 X 0 151912 16899 0 911455 113655 0 1 1 0 OPPORTUNITY INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 INVESTMENT ADVISORY SERVICES 827849 OPPORTUNITY INTERNATIONAL INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 ADMINISTRATIVE SERVICES 413931 2 438535 438535 PRODUCTS & SERVICES 522100 422471 422471 422471 890113 890113 3880923 27397137 -3880923 -27397137 -31278060 -31278060 BAD DEBT RECOVERY 522100 144455 144455 144455 -29382486 566926 0 -30387947 330955 330955 413931 413931 330391 330391 181738 181738 839405 839405 57547 57547 53080 53080 12959 12959 905 905 1185807 1185807 37429 37429 35697 35697 FOREIGN CURRENCY LOSS 156345 156345 INTERNET 16389 16389 INCOME TAX - OTI VI 5025 5025 SUPPLIES 4470 4470 43695 43695 3705768 3705768 0 0 2261859 3006635 760225 55689 13807072 8254529 31809 89937 0 112752 111495856 68388069 128469573 79794859 3106261 2268120 1353842 1062429 22720176 19541475 27180279 22872024 X 101289294 56922835 101289294 56922835 128469573 79794859 X -33088254 -9782 -11268423 X X 0 1 X 1 0 X 21477477 910336 5869996 11154709 438535 39851053 21477477 910336 5869996 11154709 438535 39851053 39851053 938241 771734 501649 1011688 890113 4113425 30000 548997 30000 42500 651497 44615975 1209766 0.89320 0.91970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2012 AMOUNT: $ 30,000. 2013 AMOUNT: $ 548,997. 2014 AMOUNT: $ 30,000. 2015 AMOUNT: $ 42,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN OI SASL (GHANA) 9434320 C INVESTMENT IN OIBM (MALAWI) 20486584 C INVESTMENT IN SERBIA 22450032 C INVESTMENT IN OPPORTUNITY UGANDA LTD 3789617 C INVESTMENT IN GROWING OPPORTUNITIES FINANCE INDIA 18722 C INVESTMENT IN OPPORTUNITY MICROCREDIT ROMANIA - MAJORITY 2397588 C INVESTMENT IN MFX 235644 C INVESTMENT IN OI COLOMBIA FINANCE COMPANY 8111024 C INVESTMENT IN OI CHINA 2495995 C INVESTMENT IN SEAF OPPORTUNITY SERBIA 83333 C INVESTMENT IN DIA VIKAS 2507580 C REDEEMABLE NONCONTROLLING INTEREST 590194 C ALLOWANCE FOR LOSS ON INVESTMENTS -4212564 C 68388069 X 26687371 -9782 30314526 30304744 -3617373 -25765113 -25765113 -29382486 29366127 25804814 25804814 3561313 144455 144455 3705768 PART X, LINE 2: OTI HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC 740-10 FORMERLY KNOWN AS FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ONLY SIGNIFICANT TAX POSITION MANAGEMENT HAS IDENTIFIED IS THAT OF OTI'S TAX-EXEMPT STATUS. NO OTHER TAX POSITIONS, CERTAIN OR UNCERTAIN, HAVE BEEN IDENTIFIED. OTI'S U.S. OPERATIONS HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED DECEMBER 21, 2000 INDICATING THAT OTI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE, AND ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS FOR CHARITABLE ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: BANKING ACTIVITY 28,676,193. OPPORTUNITY NICARAGUA 1,638,333. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY MISCELLANEOUS INCOME 757,538. INTERCOMPANY INTEREST INCOME 730,031. LOSS ON DISCONTINUED OPERATIONS -27,397,137. NEGATIVE BAD DEBT RECLASSED 144,455. PART XII, LINE 2D - OTHER ADJUSTMENTS: BANKING ACTIVITY 24,714,430. OPPORTUNITY NICARAGUA 1,090,384. PART XII, LINE 4B - OTHER ADJUSTMENTS: NEGATIVE BAD DEBT RECLASSED 144,455. PROGRAM INVESTMENTS - EAST ASIA & THE PACIFIC 0 0 PROGRAM RELATED INVESTMENTS 2495995 PROGRAM INVESTMENTS - SOUTH ASIA 0 0 PROGRAM RELATED INVESTMENTS 2526302 PROGRAM INVESTMENTS - SUB-SAHARAN AFRICA 0 0 PROGRAM RELATED INVESTMENTS 33710521 PROGRAM INVESTMENTS - EUROPE 0 0 PROGRAM RELATED INVESTMENTS 24930952 PROGRAM INVESTMENTS - SOUTH AMERICA 0 0 PROGRAM RELATED INVESTMENTS 8111024 0 0 0 0 0 0 71774794 0 71774794 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 VICKI ESCARRA PRESIDENT & DIRECTOR 0 224437 0 0 0 0 0 15750 0 8042 0 248229 0 0 DENNIS WALLESTAD VICE PRESIDENT 0 284230 0 0 0 0 0 14884 0 15145 0 314259 0 0 DAVID WIEGMAN SECRETARY & TREASURER 0 129385 0 0 0 0 0 9463 0 19852 0 158700 0 0 RICHARD JOHN FORMER DIRECTOR, TREASURER, AND SECR 0 121491 0 0 0 0 0 2725 0 10895 0 135111 0 0 DENNIS RIPLEY FORMER ASSISTANT TREASURER & SECRETA 0 151912 0 0 0 0 0 3408 0 13491 0 168811 0 0 PART I, LINE 3 COMPENSATION IS PAID BY RELATED PARTIES, OPPORTUNITY INTERNATIONAL, INC. AND OPPORTUNITY, INC. THEY USE THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS: DENNIS RIPLEY: $103,325 RICHARD JOHN: $82,615 BETH F J STEPHENSON 2005 TRUST DIRECTOR SERBIA X 125000 106243 0 1 1 SCOTT G STEPHENSON 2005 TRUST HUSBAND OF DIRECTOR SERBIA X 125000 106243 0 1 1 HERVE SARTEAU DIRECTOR SERBIA X 1000000 849943 0 1 1 1062429 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS OPPORTUNITY INTERNATIONAL, INC. (SEE SCHEDULE R, PART II). FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER, OPPORTUNITY INTERNATIONAL, INC., IS RESPONSIBLE FOR ELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND AUDITED FINANCIAL STATEMENTS AND SENDS TO CLIFTONLARSONALLEN LLP (CLA). TREASURER AND CFO OF OPPORTUNITY INTERNATIONAL (OI) AND CEO OF OTI REVIEW THE DRAFT PREPARED BY CLA AND DISCUSS COMMENTS AND QUESTIONS WITH CLA. FINAL DRAFT OF 990 IS PRESENTED TO THE OPPORTUNITY FINANCE COMMITTEE FOR REVIEW. AFTER REVIEW IS COMPLETE, THE 990 IS DISTRIBUTED TO THE OTI BOARD OF DIRECTORS 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 CHIEF EXECUTIVE OFFICER. IN THE CASE OF THE CEO AND OTHER DIRECTORS CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD CHAIR, OR IN THE CASE OF THE BOARD CHAIR TO THE CHAIR OF THE RISK & 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 THE ORGANIZATION CHOOSES NOT TO COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. 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: NET ASSET ADJUSTMENT FOR FINANCIAL STATEMENTS -11,268,423. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. OPPORTUNITY INTERNATIONAL INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 540907624 TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR. IL 501(C)(3) LINE 7 N/A 0 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 BANK AD NOVI SAD BULEVAR OSLOBODJENJA 2A NOVI SAD SERBIA RI OTHER DEPOSITORY RI OPPORTUNITY TRANSFORMATION INVESTMENTS C 3315825 109413049 1.00000 1 OPPORTUNITY INTERNATIONAL BANK OF MALAWI LTD PLOTS 046-048 OLD TOWN PRIVATE BA LILONGWE MI OTHER DEPOSITORY MI OPPORTUNITY TRANSFORMATION INVESTMENTS C -1794623 20984405 0.80500 1 OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LIMITED NO D765/3 KWAMWE NKRUMAH AVENUE A GH OTHER DEPOSITORY GH OPPORTUNITY TRANSFORMATION INVESTMENTS C 541817 35474414 0.75900 1 OPPORTUNITY MICROCREDIT ROMANIA IFN SA NO 183 1 DECEMBRIE BLVD TARGA MURES RO OTHER DEPOSITORY RO OPPORTUNITY TRANSFORMATION INVESTMENTS C -69044 4172060 0.66500 1 OPPORTUNITY INTERNATIONAL COLUMBIA SA FINANCING CO CALLE 70 7 - 30 BOGOTA CO OTHER DEPOSITORY CO OPPORTUNITY TRANSFORMATION INVESTMENTS C 584564 27957050 0.72100 1 OPPORTUNITY TRANSFORMATION INVESTMENTS BV SCHIPHOL BLVD 231 SCHIPHOL NL OTHER DEPOSITORY NL OPPORTUNITY TRANSFORMATION INVESTMENTS C 16344 4435533 1.00000 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 OPPORTUNITY INTERNATIONAL INC C 438535 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL INC M 413931 CASH TRANSFERRED OPPORTUNITY INC M 827849 CASH TRANSFERRED OPPORTUNITY MICROCREDIT ROMANIA IFN SA D 2000000 CASH TRANSFERRED OPPORTUNITY TRANSFORMATION INVESTMENTS BV D 4326960 CASH TRANSFERRED