2014-11-03T07:55:26-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2013-01-01 540907624 OPPORTUNITY INTERNATIONAL INC D/B/A OPPORTUNITY INTERNATIONAL-US OPPO 6306454100 2122 YORK ROAD NO 150 OAK BROOK IL 60523 RICHARD C JOHN SENIOR VICE-PRESIDENT & CFO 6306454100 2014-10-30 1 ROBERT J NOWAK CPA MST P00527435 6305738600 2013 2015-11-30 17:44:51Z RICHARD C JOHN 2122 YORK ROAD OAK BROOK IL 60523 132668569 0 X WWW.OPPORTUNITY.ORG X 1971 IL OPPORTUNITY INTERNATIONAL, INC D/B/A OPPORTUNITY INTERNATIONAL - US IS A TAX EXEMPT, PUBLICLY SUPPORTED CHRISTIAN-BASED CORPORATION THAT HELPS PEOPLE IN DEVELOPING NATIONS WORK THEIR WAY OUT OF POVERTY, STRENGTHEN THEIR FAMILIES AND IMPROVE THEIR COMMUNITIES. OPPORTUNITY INTERNATIONAL INC. IS PART OF THE OPPORTUNITY INTERNATIONAL NETWORK THAT CURRENTLY PROVIDES LOANS, SAVINGS PROGRAMS, INSURANCE AND OTHER FINANCIAL SERVICES AND TRAINING TO MORE THAN 5 MILLION CLIENTS IN 22 COUNTRIES ACROSS AFRICA, ASIA, LATIN AMERICA AND EUROPE. IN 2013, THE NETWORK MADE MORE THAN $1.18 BILLION IN LOANS THROUGH MORE THAN 17,500 EMPLOYEES AROUND THE WORLD. DISCOVER MORE AT OPPORTUNITY.ORG. 18 17 128 173 0 0 14138407 44431774 76133650 87809972 1142586 247537 3168037 179286 94582680 132668569 10178249 12174938 0 0 11980316 9875279 0 0 7241564 88361875 100506746 110520440 122556963 -15937760 10111606 54865381 44514414 35549852 10638858 19315529 33875556 X OPPORTUNITY INTERNATIONAL, INC D/B/A OPPORTUNITY INTERNATIONAL - US IS A TAX EXEMPT, PUBLICLY SUPPORTED CHRISTIAN-BASED CORPORATION THAT HELPS PEOPLE IN DEVELOPING NATIONS WORK THEIR WAY OUT OF POVERTY, STRENGTHEN THEIR FAMILIES AND IMPROVE THEIR COMMUNITIES. OPPORTUNITY INTERNATIONAL INC. IS PART OF THE OPPORTUNITY INTERNATIONAL NETWORK THAT CURRENTLY PROVIDES LOANS, SAVINGS PROGRAMS, INSURANCE AND OTHER FINANCIAL SERVICES AND TRAINING TO MORE THAN 5 MILLION CLIENTS IN 22 COUNTRIES ACROSS AFRICA, ASIA, LATIN AMERICA AND EUROPE. IN 2013, THE NETWORK MADE MORE THAN $1.18 BILLION IN LOANS THROUGH MORE THAN 17,500 EMPLOYEES AROUND THE WORLD. DISCOVER MORE AT OPPORTUNITY.ORG. 0 0 101835524 77866444 OPPORTUNITY INTERNATIONAL, INC D/B/A OPPORTUNITY INTERNATIONAL - US IS A TAX EXEMPT, PUBLICLY SUPPORTED CHRISTIAN-BASED CORPORATION THAT HELPS PEOPLE IN DEVELOPING NATIONS WORK THEIR WAY OUT OF POVERTY, STRENGTHEN THEIR FAMILIES AND IMPROVE THEIR COMMUNITIES. OPPORTUNITY INTERNATIONAL INC. IS PART OF THE OPPORTUNITY INTERNATIONAL NETWORK THAT CURRENTLY PROVIDES LOANS, SAVINGS PROGRAMS, INSURANCE AND OTHER FINANCIAL SERVICES AND TRAINING TO MORE THAN 5 MILLION CLIENTS IN 22 COUNTRIES ACROSS AFRICA, ASIA, LATIN AMERICA AND EUROPE. IN 2013, THE NETWORK MADE MORE THAN $1.18 BILLION IN LOANS THROUGH MORE THAN 17,500 EMPLOYEES AROUND THE WORLD. DISCOVER MORE AT OPPORTUNITY.ORG. 5740958 5740958 5740958 OI PROVIDED FUNDS FOR MEMBER AGENCIES LENDING OPERATIONS. MEMBER AGENCIES PROVIDED CONSULTING VISITS WITH POOR BORROWERS AND POOR PARTICIPANTS ATTENDED SEVERAL SMALL BUSINESS TRAINING SEMINARS. 4020517 4020517 4020517 OI PROVIDED SUPPORT TO MEMBER AGENCIES VIA THE HOME OFFICE IN CHICAGO AND REGIONAL OFFICES. SUPPORT IN THE FORM OF OVERSIGHT, OPERATIONS CONSULTING AND PARTNER AGENCY STAFF TRAINING. 910336 910336 910336 OI GRANTED FUNDS TO AFFILIATE OPPORTUNITY TRANSFORMATION INVESTMENTS, INC. 910336 910336 910336 112507335 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 65 0 1 128 1 0 1 RP 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 0 AL AR CA CT GA IL KS KY ME MD MA MI MN MS NJ NM NY NC OH OR PA RI SC TN VA WA WI AZ FL NH CO X X RICHARD C JOHN 6302424108 2122 YORK ROAD OAK BROOK IL 60523 KATEY ASSEM DIRECTOR 5.00 X 0 0 0 STEVEN D COSLER DIRECTOR 5.00 X 0 0 0 SANDRA DAVIS DIRECTOR 5.00 X 0 0 0 VICKI ESCARRA CHIEF EXECUTIVE OFFICER 55.00 X X 355523 0 13406 PETER KING DIRECTOR 5.00 X 0 0 0 MARK LINSZ DIRECTOR 5.00 X 0 0 0 BARBARA LUPIENT DIRECTOR 5.00 X 0 0 0 THEODORE D MOSER DIRECTOR 5.00 X 0 0 0 JANE NELSON DIRECTOR 5.00 X 0 0 0 ELIZABETH PERDUE DIRECTOR 5.00 X 0 0 0 KAREN ROBINSON COPE DIRECTOR 5.00 X 0 0 0 HERVE SARTEAU DIRECTOR 5.00 X 0 0 0 DAVID L SIMMS DIRECTOR 5.00 X 0 0 0 BETH JOHNSTON STEPHENSON DIRECTOR 5.00 X 0 0 0 MARK A THOMPSON CHAIR 5.00 X 0 0 0 PETER THORRINGTON DIRECTOR 5.00 X 0 0 0 DAVE M TOLMIE DIRECTOR 5.00 X 0 0 0 KADITA TSHIBAKA DIRECTOR 5.00 X 0 0 0 RICHARD C JOHN SVP AND U.S. CFO 55.00 X 160449 0 18735 DENNIS W RIPLEY CHIEF BUSINESS DEVELOPMENT OFFICER 55.00 X 235259 0 31265 STEPHEN P LAVEY CHIEF FINANCIAL OFFICER 55.00 X 154627 0 12226 SHEILA SCHWARTZ CHIEF PHILANTHROPIC OFFICER 55.00 X 256612 0 10721 DEBORAH BOWKER CHIEF MARKETING OFFICER 55.00 X 202772 0 1950 JAMES PEDERSEN SVP AND GENERAL COUNSEL 55.00 X 188590 0 19020 CHARLENE CALDWELL VP, INTERNATIONAL BUSINESS DEVELOPMENT 55.00 X 166178 0 17389 CONNIE STRYJAK CHIEF HUMAN RESOURCES OFFICER 55.00 X 159326 0 23840 1879336 0 148552 23 0 1 0 BOSTON CONSULTING GROUP 175 PEACHTREE STREET ATLANTA GA 30309 CONSULTING 1150000 THE MARTIN AGENCY ONE SHOCKHOE PLAZA RICHMOND VA 23219 CONSULTING 871335 SOCIAL CAPITAL INC 875 N MICHIGAN AVE CHICAGO IL 60611 CONSULTING 860786 KPMG LLP 200 E RANDOLPH CHICAGO IL 60601 AUDITING SERVICES 177350 SUNSHINE SACHS 136 MADISON AVE NEW YORK NY 10016 CONSULTING 164144 9 72676 44359098 3765056 44431774 MICRO FINANCE REVENUE 522100 87809972 87809972 87809972 196648 196648 50889 0 50889 50889 50889 OTHER INCOME 522100 179286 179286 179286 132668569 87989258 0 247537 12174938 12174938 9875279 3660859 1076642 5137778 5726289 4288853 685658 751778 299783 1204 286404 12175 1473747 528606 182945 762196 66175 10857 36978 18340 13974218 13900943 73275 55559 55559 39596 17968 21396 232 OTI BANKING OPERATING E 73537306 73537306 0 0 PROVISION FOR LOAN LOSS 7389337 7389337 0 0 PROMOTIONAL MATERIALS 615201 467448 1415 146338 DONOR ADVISED GRANT EXP 402046 402046 0 0 -3072511 -3873030 387792 412727 122556963 112507335 2808064 7241564 14642023 12937017 15993515 28295920 -564920 -2165162 14171598 1176995 997091 141368 1907980 1026333 1748961 881647 7247556 2934612 629557 312017 54865381 44514414 20331269 10544609 12500 0 15206083 94249 35549852 10638858 X -8944511 -4527004 23252415 33394935 5007625 5007625 19315529 33875556 54865381 44514414 X 10111606 -908832 -1007302 6364555 X X 0 1 X 1 0 X 36784569 16394946 15912023 14138407 43513078 126743023 36784569 16394946 15912023 14138407 43513078 126743023 52351107 74391916 739124 754451 708750 1049966 779758 4032049 1195139 1630652 2415552 3168037 728283 9137663 139912735 357479073 0.53170 0.48950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7 79506 397046 312017 1 1 6539515 -671923 5867592 6469151 70364 6539515 6226212 242939 6469151 6047147 179065 6226212 5744978 302169 6047147 1.00000 0 0 276750 276750 1631230 1026333 604897 881647 PCFC PHILLIPINES 80485 F COMMERCIAL SECURITES 2731135 F INVESTMENT IN OTHER INSTITUTIONS 122992 F 2934612 X 132412672 0 132412672 255897 255897 132668569 123404524 847561 847561 122556963 0 122556963 PART X, LINE 2: OPPORTUNITY HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 INCOME TAXES, OVERALL (FORMERLY KNOWN AS FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). THE ONLY SIGNIFICANT TAX POSITION MANAGEMENT HAS IDENTIFIED IN THAT OF OPPORTUNITY'S TAX-EXEMPT STATUS. NO OTHER TAX POSITIONS, CERTAIN OR UNCERTAIN, HAVE BEEN IDENTIFIED. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE RELATED TO OPPORTUNITY TRANSFORMATION INVESTMENTS, INC. 8,360. INTEREST AND DIVIDEND INCOME 196,648. REALIZED LOSSES 50,889. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATING ENTRIES FROM FINANCIAL STATEMENTS -632,883. INTERCOMPANY EXPENSE ALLOCATIONS 1,480,444. 1 0 0 0 0 0 0 0 0 0 CHINA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 65250 WIRE TRANSFER PHILIPPINES ADVANCEMENT OF EDUCATION 344009 WIRE TRANSFER GHANA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 51264 WIRE TRANSFER UGANDA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 1765479 WIRE TRANSFER DEMOCRATIC REPUBLIC OF CONGO IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 10000 WIRE TRANSFER COLOMBIA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 1580052 WIRE TRANSFER NICARAGUA FINANCIAL AND AGRICULTURAL SERVICES AND TRAINING, EDUCATION AND COMMUNITY ECONOMIC DEVELOPMENT 1392008 WIRE TRANSFER RWANDA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 21500 WIRE TRANSFER KENYA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 61614 WIRE TRANSFER TANZANIA IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 526000 WIRE TRANSFER MOZAMBIQUE SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 410000 WIRE TRANSFER MALAWI IMPROVED TECHNOLOGY, EQUIPMENT AND SUPPORT OPERATIONS TO EXTEND FINANCIAL SERVICES AND TRAINING, ESPECIALLY AS RELATED TO AGRICULTURE AND EDUCATION 161298 WIRE TRANSFER 4 10 0 0 1 0 0 0 1 X X X X 0 0 0 0 0 0 0 1 0 VICKI ESCARRA CHIEF EXECUTIVE OFFICER 322190 0 33333 0 0 0 0 0 13406 0 368929 0 0 0 RICHARD C JOHN SVP AND U.S. CFO 160449 0 0 0 0 0 10736 0 7999 0 179184 0 0 0 DENNIS W RIPLEY CHIEF BUSINESS DEVELOPMENT OFFICER 195259 0 40000 0 0 0 12168 0 19097 0 266524 0 0 0 STEPHEN P LAVEY CHIEF FINANCIAL OFFICER 154627 0 0 0 0 0 0 0 12226 0 166853 0 0 0 SHEILA SCHWARTZ CHIEF PHILANTHROPIC OFFICER 256612 0 0 0 0 0 0 0 10721 0 267333 0 0 0 DEBORAH BOWKER CHIEF MARKETING OFFICER 202772 0 0 0 0 0 0 0 1950 0 204722 0 0 0 JAMES PEDERSEN SVP AND GENERAL COUNSEL 188590 0 0 0 0 0 0 0 19020 0 207610 0 0 0 CHARLENE CALDWELL VP, INTERNATIONAL BUSINESS DEVELOPME 137178 0 29000 0 0 0 10040 0 7349 0 183567 0 0 0 CONNIE STRYJAK CHIEF HUMAN RESOURCES OFFICER 159326 0 0 0 0 0 10020 0 13820 0 183166 0 0 0 PART I, LINE 7 THE NON-FIXED PAYMENTS ARE ADDITIONAL PAY FOR ACHIEVING SPECIFIED TARGETS AND GOALS. X 13 405413 MARKET VALUE X 59 1437244 MARKET VALUE X 4 910336 MARKET VALUE X 2 63758 COMPARABLE VALUE X PROFESSIONAL 10 941728 COMPARABLE VALUE X TRAVEL EXPENS 5 6577 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND AUDITED FINANCIAL STATEMENTS AND SENDS TO CLIFTONLARSONALLEN LLP. CONTROLLER AND CFO OF OPPORTUNITY INTERNATIONAL REVIEW THE DRAFT PREPARED BY CLA AND DISCUSS COMMENTS AND QUESTIONS WITH CLA. FINAL DRAFT OF 990 IS PRESENTED TO FINANCE COMMITTEE FOR REVIEW. AFTER REVIEW IS COMPLETE, A RECOMMENDATION IS MADE TO THE OPPORTUNITY INTERNATIONAL BOD TO APPROVE THE 990. IF APPROVED, THE RETURN IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS AN ANNUAL REQUIREMENT TO SIGN THE CONFLICT OF INTEREST STATEMENTS. ALL CONFLICTS ARE REVIEWED BY DESIGNATED BOARD MEMBERS. FINANCE DEPARTMENT MONITORS RELATED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S TOP OFFICERS MUST BE APPROVED BY A COMPENSATION COMMITTEE. 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 GAIN (LOSS) -4,857,373. MINORITY INTEREST 3,380,276. MICRO-FINANCE ACTIVITY 7,841,652. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MICROENSURE LLC 2122 YORK ROAD OAK BROOK IL 60523 205488780 PROVIDE THE POOR ACCESS TO AFFORDABLE AND APPROPRIATE INSURANCE PRODUCTS IL -110884 0 OPPORTUNITY INTERNATIONAL OPPORTUNITY TRANSFORMATION INVESTMENTS 2122 YORK ROAD OAK BROOK IL 60523 364382506 TO INVEST AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS. IL 501(C)(3) 170(B)(1)(A)(VI) OPPORTUNITY INTERNATIONAL 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 OPPORTUNITY TRANSFORMATION INVESTMENTS B 910336 OPPORTUNITY TRANSFORMATION INVESTMENTS L 489932 OPPORTUNITY TRANSFORMATION INVESTMENTS A 1666 2% INTEREST ON OUTSTANDING LOAN OPPORTUNITY TRANSFORMATION INVESTMENTS D 125000