2016-11-15T15:42:10-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2015-01-01 364382506 OPPORTUNITY TRANSFORMATION INVESTMENTS OPPO 8007939455 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 DENNIS WALLESTAD CHIEF OPERATING OFFICER 8007939455 2016-11-15 1 ROBERT J NOWAK CPA MST P00527435 6305738600 2015 2017-02-10 21:41:12Z DENNIS WALLESTAD 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 12851737 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. 8 5 0 5 0 0 6378928 11154709 0 642840 -6382524 133760 30000 42500 26404 11973809 0 0 0 0 139812 594954 0 0 0 2804554 4756781 2944366 5351735 -2917962 6622074 134156498 128469573 39909297 27180279 94247201 101289294 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 5351735 642840 TO INVEST IN AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS AS THEY CONVERT FROM NONGOVERNMENTAL ORGANIZATIONS TO COMMERCIAL MICROFINANCE INSTITUTIONS SERVING THE POOR. 5351735 1 1 0 0 0 0 0 0 0 0 1 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 8 5 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 45.00 X X 0 373357 40421 BETH STEPHENSON CHAIR 2.50 2.50 X X 0 0 0 RICHARD JOHN DIRECTOR, TREASURER, & SECRETARY 10.00 45.00 X X 0 176628 26789 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 MARK LINSZ DIRECTOR 2.50 2.50 X 0 0 0 JAMES COX DIRECTOR 2.50 2.50 X 0 0 0 PETER THORRINGTON DIRECTOR 2.50 2.50 X 0 0 0 DENNIS RIPLEY ASSISTANT TREASURER & SECRETARY 10.00 45.00 X 0 261212 37007 0 811197 104217 0 0 1 0 OPPORTUNITY INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 INVESTMENT ADVISORY SERVICES 1029291 OPPORTUNITY INTERNATIONAL INC 550 W VAN BUREN STREET SUITE 200 CHICAGO IL 60607 ADMINISTRATIVE SERVICES 514651 2 11154709 11154709 PRODUCTS & SERVICES 522100 642840 642840 642840 1011688 1011688 877928 -877928 -877928 -877928 MISCELLANEOUS INCOME 522100 42500 42500 42500 11973809 642840 0 176260 594954 594954 514651 514651 434721 434721 206840 206840 1029291 1029291 168060 168060 75279 75279 71940 71940 1828 1828 1449135 1449135 48756 48756 17546 17546 FOREIGN CURRENCY LOSS 643155 643155 TRAINING 22110 22110 SUPPLIES 16441 16441 INCOME TAX - OTI VI 5462 5462 51566 51566 5351735 5351735 0 0 5461839 2261859 355936 760225 29534191 13807072 104430 31809 173059 60307 139888 112752 98560214 111495856 134156498 128469573 929307 3106261 12500 875000 1353842 38092490 22720176 39909297 27180279 X 94247201 101289294 94247201 101289294 134156498 128469573 X 6622074 928951 -508932 X X 0 1 X 1 0 X 11568046 21477477 910336 5869996 11154709 50980564 11568046 21477477 910336 5869996 11154709 50980564 50980564 537847 938241 771734 501649 1011688 3761159 40000 30000 548997 30000 42500 691497 55433220 642840 0.91970 0.92180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2011 AMOUNT: $ 40,000. 2012 AMOUNT: $ 30,000. 2013 AMOUNT: $ 548,997. 2014 AMOUNT: $ 30,000. 2015 AMOUNT: $ 42,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 173059 60307 112752 112752 INVESTMENT IN ZAMBUKO PRIVATE LTD. 250000 C INVESTMENT IN OI SASL (GHANA) 9033844 C INVESTMENT IN OIBM (MALAWI) 17992654 C INVESTMENT IN SERBIA 22450032 C INVESTMENT IN BANCO OPORTUNIDADE MOZAMBIQUE 6112946 C INVESTMENT IN BALKAN FUND 1135724 C INVESTMENT IN URWEGO OPPORTUNITY BANK 4249726 C INVESTMENT IN OPPORTUNITY KENYA LTD 7394468 C INVESTMENT IN OPPORTUNITY UGANDA LTD 8851898 C INVESTMENT IN GROWING OPPORTUNITIES FINANCE INDIA 13423 C INVESTMENT IN OPPORTUNITY TANZANIA LTD 7931384 C INVESTMENT IN OPPORTUNITY MICROCREDIT ROMANIA - MAJORITY 2397588 C INVESTMENT IN OPPORTUNITY DRC 6217605 C INVESTMENT IN MFX 226876 C INVESTMENT IN OI COLOMBIA FINANCE COMPANY 7636220 C INVESTMENT IN OI CHINA 3918484 C INVESTMENT IN OK BANK - PREFERRED STOCK 1235000 C INVESTMENT IN SEAF OPPORTUNITY SERBIA 57214 C INVESTMENT IN DIA VIKAS 3096224 C INVESTMENT IN OI NICARAGUA 1490638 C REDEEMABLE NONCONTROLLING INTEREST 653908 C ALLOWANCE FOR LOSS ON INVESTMENTS -850000 C 111495856 X 39899285 -201236 29336947 29135711 10763574 1210235 1210235 11973809 29815388 24463653 24463653 5351735 0 5351735 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 29,336,947. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY MISCELLANEOUS INCOME 685,340. INTERCOMPANY INTEREST INCOME 524,895. PART XII, LINE 2D - OTHER ADJUSTMENTS: BANKING ACTIVITY 25,593,840. UNREALIZED CURRRENCY EXCHANGE GAIN -1,130,187. PROGRAM INVESTMENTS - EAST ASIA & THE PACIFIC 0 0 PROGRAM RELATED INVESTMENTS 5153484 PROGRAM INVESTMENTS - SOUTH ASIA 0 0 PROGRAM RELATED INVESTMENTS 3109647 PROGRAM INVESTMENTS - SUB-SAHARAN AFRICA 0 0 PROGRAM RELATED INVESTMENTS 68034524 PROGRAM INVESTMENTS - EUROPE 0 0 PROGRAM RELATED INVESTMENTS 26040558 PROGRAM INVESTMENTS - SOUTH AMERICA 0 0 PROGRAM RELATED INVESTMENTS 9126858 0 0 0 0 0 0 111465071 0 111465071 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 VICKI ESCARRA PRESIDENT & DIRECTOR 0 373357 0 0 0 0 0 26250 0 14171 0 413778 0 0 RICHARD JOHN DIRECTOR, TREASURER, & SECRETARY 0 176628 0 0 0 0 0 12435 0 14354 0 203417 0 0 DENNIS RIPLEY ASSISTANT TREASURER & SECRETARY 0 241212 0 20000 0 0 0 16957 0 20050 0 298219 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 MARK THOMPSON NATIONAL CHRISTIAN F DIRECTOR GENERAL PURPOSE X 250000 250000 0 1 1 BETH F J STEPHENSON 2005 TRUST DIRECTOR SERBIA X 125000 110384 0 1 1 SCOTT G STEPHENSON 2005 TRUST HUSBAND OF DIRECTOR SERBIA X 125000 110384 0 1 1 HERVE SARTEAU DIRECTOR SERBIA X 1000000 883074 0 1 1 1353842 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 11 STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND AUDITED FINANCIAL STATEMENTS AND SENDS TO CLIFTONLARSONALLEN LLP (CLA). CONTROLLER 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 OI 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: REVERSE OSS GHANA NET ASSET CONTRIBUTION -508,932. 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 OPPORTUNITY INTERNATIONAL INC 0 OPPORTUNITY BANK AD NOVI SAD BULEVAR OSLOBODJENJA 2A NOVI SAD SERBIA RI OTHER DEPOSITORY RI OPPORTUNITY TRANSFORMATION INVESTMENTS C 15486403 104198131 1.00000 1 BANCO OPORTUNIDADE DE MOZAMBIQUE SA AV 24 DE JULHO 4136 BAIRRO DE MALANGA MAPUTO MZ OTHER DEPOSITORY MZ OPPORTUNITY TRANSFORMATION INVESTMENTS C 2967309 6122914 0.66700 1 OPPORTUNITY INTERNATIONAL BANK OF MALAWI LTD PLOTS 046-048 OLD TOWN PRIVATE BA LILONGWE MI OTHER DEPOSITORY MI OPPORTUNITY TRANSFORMATION INVESTMENTS C 7400700 21949697 0.71100 1 URWEGO OPPORTUNITY BANK OF RWANDA SA BP 748 NYARUGENGE PLOT NO1230 AVE KIGALI RW OTHER DEPOSITORY RW OPPORTUNITY TRANSFORMATION INVESTMENTS C 3222070 12841514 0.47400 0 OPPORTUNITY KENYA LIMITED 1ST FLOOR GEOMAP CENTRE MATUMBATO NAIROBI KE MICROFINANCE INSTITUTION KE OPPORTUNITY TRANSFORMATION INVESTMENTS C 883616 6112804 0.89100 1 OPPORTUNITY INTERNATIONAL SAVINGS & LOANS LIMITED NO D765/3 KWAMWE NKRUMAH AVENUE A GH OTHER DEPOSITORY GH OPPORTUNITY TRANSFORMATION INVESTMENTS C 11956142 29069718 0.70700 1 OPPORTUNITY UGANDA LIMITED PLOT 7A JOHN BABIHA AVE KOLOLO PO KAMPALA UG OTHER DEPOSITORY UG OPPORTUNITY TRANSFORMATION INVESTMENTS C 3964044 17349082 0.85700 1 OPPORTUNITY TANZANIA LIMITED PLOT 320 REGENT ESTATE PO BOX 802 DAR-ES-SALAAM TZ MICROFINANCE INSTITUTION TZ OPPORTUNITY TRANSFORMATION INVESTMENTS C 1378106 2803468 0.67500 1 OPPORTUNITY MICROCREDIT ROMANIA IFN SA NO 183 1 DECEMBRIE BLVD TARGA MURES RO MICROFINANCE INSTITUTION RO OPPORTUNITY TRANSFORMATION INVESTMENTS C 1442046 6685365 0.66500 1 OPPORTUNITY INTERNATIONAL DRC SPRL 1527 AVENUE COLONEL MONDJIBA QUART KINSHASA/NGALIEMA CG MICROFINANCE INSTITUTION CG OPPORTUNITY TRANSFORMATION INVESTMENTS C 2734496 4787923 1.00000 1 OPPORTUNITY INTERNATIONAL COLUMBIA SA FINANCING CO CALLE 70 7 - 30 BOGOTA CO OTHER DEPOSITORY CO OPPORTUNITY TRANSFORMATION INVESTMENTS C 5796770 23837137 0.71100 1 OPPORTUNITY TRANSFORMATION INVESTMENTS BV SCHIPHOL BLVD 231 SCHIPHOL NL 1118 BH INVEST IN LEGAL ENTITIES AND INSTRUMENTS NL OPPORTUNITY TRANSFORMATION INVESTMENTS C 443626 4834172 1.00000 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 OPPORTUNITY INTERNATIONAL INC C 11154709 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL INC M 514647 CASH TRANSFERRED OPPORTUNITY INTERNATIONAL INC E 3073480 PROMISSORY NOTE OPPORTUNITY KENYA LIMITED D 1283199 CASH TRANSFERRED URWEGO OPPORTUNITY BANK OF RWANDA SA D 419653 CASH TRANSFERRED OPPORTUNITY MICROCREDIT ROMANIA IFN SA D 2000000 CASH TRANSFERRED OPPORTUNITY TANZANIA LIMITED D 400000 CASH TRANSFERRED OPPORTUNITY TRANSFORMATION INVESTMENT BV D 4326960 CASH TRANSFERRED