MICROFINANCE OPPORTUNITIES INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MICROFINANCE OPPORTUNITIES INC (EIN 30-0075787)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-09
- IRS object ID
- 201143139349302199
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-09T15:18:31-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 TOWERS CRESCENT DR STE 500 | AddressLine1 |
| City | VIENNA | City |
| State | VA | State |
| ZIP Code | 221826205 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300075787 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICROFINANCE OPPORTUNITIES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MICR | NameControl |
| Phone | 2027210050 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 K STREET NW NO 650 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MONIQUE COHEN | Name |
| Title | PRESIDENT | Title |
| Phone | 2027210050 | Phone |
| Date Signed | 2011-11-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES P SWEENEY CPA | Name |
| Phone | 7033366400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MONIQUE COHEN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 K STREET NW NO 650 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1622513 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MICROFINANCEOPPORTUNITIES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | MICROFINANCE OPPORTUNITIES IS A GLOBAL NONPROFIT ORGANIZATION COMMITTED TO UNDERSTANDING THE FINANCIAL REALITIES OF LOW-INCOME HOUSEHOLDS AND DEVELOPING CONSUMER-FOCUSED SOLUTIONS. OUR WORK SHAPES THE DESIGN AND DELIVERY OF FINANCIAL PRODUCTS AND SERVICES, AND ENHANCES THE CAPACITY OF LOW-INCOME CONSUMERS TO MAKE INFORMED FINANCIAL DECISIONS. IN COLLABORATION WITH A WIDE RANGE OF PUBLIC AND PRIVATE SECTOR PARTNERS, OUR RESEARCH AND EXPERTISE HELP TO INCREASE CONSUMER ACCESS TO FINANCE IN THE DEVELOPING WORLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 17 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 400000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 320124 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 483478 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1274076 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 13745 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11080 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1142 | OtherRevenuePriorYear |
| Other Revenue Current Year | 17233 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 898365 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1622513 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1024681 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1174881 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 111534 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1263114 | OtherExpensePriorYear |
| Other Expenses Current Year | 1717539 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2287795 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2892420 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1389430 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1269907 | RevenuesLessExpensesCY |
| Total Assets BOY | 4173468 | TotalAssetsBOY |
| Total Assets EOY | 2401282 | TotalAssetsEOY |
| Total Liabilities BOY | 868150 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 365871 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3305318 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2035411 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MICROFINANCE OPPORTUNITIES IS A GLOBAL NONPROFIT ORGANIZATION COMMITTED TO UNDERSTANDING THE FINANCIAL REALITIES OF LOW-INCOME HOUSEHOLDS AND DEVELOPING CONSUMER-FOCUSED SOLUTIONS. OUR WORK SHAPES THE DESIGN AND DELIVERY OF FINANCIAL PRODUCTS AND SERVICES, AND ENHANCES THE CAPACITY OF LOW-INCOME CONSUMERS TO MAKE INFORMED FINANCIAL DECISIONS. IN COLLABORATION WITH A WIDE RANGE OF PUBLIC AND PRIVATE SECTOR PARTNERS, OUR RESEARCH AND EXPERTISE HELP TO INCREASE CONSUMER ACCESS TO FINANCE IN THE DEVELOPING WORLD. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1599978 | Expense |
| Revenue | 831046 | Revenue |
| Description | MICROFINANCE OPPORTUNITIES PROMOTES FINANCIAL LITERACY FOR THE WORLD'S POOR THROUGH THE DEVELOPMENT, EVALUATION AND WORLDWIDE DISSEMINATION OF FINANCIAL EDUCATION CURRICULUM AND THROUGH ALTERNATIVE DELIVERY CHANNELS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 624560 | Expense |
| Revenue | 65254 | Revenue |
| Description | MICROFINANCE OPPORTUNITIES DESIGNS AND IMPLEMENTS NEEDS ASSESSMENTS AND MARKET RESEARCH TO SUPPORT THE DESIGN AND DEVELOPMENT OF FINANCIAL EDUCATION PROGRAMS AND FINANCIAL PRODUCTS AND SERVICES FOR LOW-INCOME PEOPLE. MFO DESIGNS AND IMPLEMENTS EVALUATIONS OF MICROFINANCE, MICROINSURANCE AND FINANCIAL EDUCATION PROGRAMS TO ASSESS THE VALUE OF THESE PROGRAMS TO LOW-INCOME PEOPLE. OUR RESEARCH SERVES TO IDENTIFY AREAS FOR IMPROVING THE DESIGN, DELIVERY AND EFFECTIVENESS OF FINANCIAL SERVICES AND FINANCIAL EDUCATION FOR POOR PEOPLE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 226478 | Expense |
| Revenue | 377776 | Revenue |
| Description | MICROFINANCE OPPORTUNITIES PROMOTES THE DEVELOPMENT OF CLIENT RISK MANAGEMENT FINANCIAL PRODUCTS WHICH WILL REDUCE THE VULNERABILITY OF LOW-INCOME HOUSEHOLDS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 2451016 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 19 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 17 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELLY GARDNER CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2027210050 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 K STREET NW NO 650 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20006 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| CHARLES RAYMOND | ||||||
| CHAIR | 2.00 | X | X | 0 | 0 | 0 |
| DANA DE KANTER | ||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | |
| JIM PICKUP | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| LARRY REED | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| NAMARATA SHARMA | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| JENNIFER VON BISMARK | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| ERIC C BELL | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| MONIQUE COHEN | ||||||
| PRESIDENT | 50.00 | X | 162800 | 0 | 4884 | |
| STEPHANIE FISCHER | ||||||
| COO | 50.00 | X | 114974 | 0 | 9170 | |
| KELLY GARDNER | ||||||
| CFO | 50.00 | X | 83764 | 0 | 8229 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 361538 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 22283 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 320124 | AllOtherContributions |
| Total Contributions | 320124 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| CONTRACT INCOME | 900099 | 1254456 | 1254456 |
| HONORARIUM | 900099 | 10786 | 10786 |
| PUBLICATION INCOME | 511190 | 8584 | 8584 |
| TRAINING FEES | 900099 | 250 | 250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1274076 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11080 | TotalRevenueColumn |
| Exclusion | $11,080 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 14400 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 14400 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14400 | TotalRevenueColumn |
| Exclusion | $14,400 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2833 | TotalRevenueColumn |
| Exclusion | $2,833 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2833 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1622513 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1274076 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $28,313 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277774 | Total |
| Program Services | 235236 | ProgramServices |
| Management And General | 31791 | ManagementAndGeneral |
| Fundraising | 10747 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 723093 | Total |
| Program Services | 516885 | ProgramServices |
| Management And General | 140609 | ManagementAndGeneral |
| Fundraising | 65599 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28281 | Total |
| Program Services | 20221 | ProgramServices |
| Management And General | 5889 | ManagementAndGeneral |
| Fundraising | 2171 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73066 | Total |
| Program Services | 50950 | ProgramServices |
| Management And General | 18086 | ManagementAndGeneral |
| Fundraising | 4030 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72667 | Total |
| Program Services | 54513 | ProgramServices |
| Management And General | 12331 | ManagementAndGeneral |
| Fundraising | 5823 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21761 | Total |
| Program Services | 3377 | ProgramServices |
| Management And General | 18384 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47780 | Total |
| Program Services | 29479 | ProgramServices |
| Management And General | 16208 | ManagementAndGeneral |
| Fundraising | 2093 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11717 | Total |
| Program Services | 10944 | ProgramServices |
| Management And General | 360 | ManagementAndGeneral |
| Fundraising | 413 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235836 | Total |
| Program Services | 184028 | ProgramServices |
| Management And General | 38404 | ManagementAndGeneral |
| Fundraising | 13404 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 293303 | Total |
| Program Services | 282605 | ProgramServices |
| Management And General | 10681 | ManagementAndGeneral |
| Fundraising | 17 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10598 | Total |
| Program Services | 5513 | ProgramServices |
| Management And General | 1775 | ManagementAndGeneral |
| Fundraising | 3310 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11404 | Total |
| Management And General | 11404 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15402 | Total |
| Management And General | 15402 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROJECT SUBCONTRACTORS | 996642 | 985877 | 6838 | 3927 |
| PROJECT SUPPLIES AND MA | 27008 | 27008 | ||
| MEETING LOGISTICS | 23032 | 23032 | ||
| PROJECT PUBLICATIONS | 21229 | 21229 | ||
| WEBSITE | 1827 | 119 | 1708 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2892420 | Total |
| Program Services | 2451016 | ProgramServices |
| Management And General | 329870 | ManagementAndGeneral |
| Fundraising | 111534 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39808 | BOY |
| EOY | 29148 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2872244 | BOY |
| EOY | 1818839 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1213441 | BOY |
| EOY | 522376 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7733 | BOY |
| EOY | 641 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 59930 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 33000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36894 | BOY |
| EOY | 26930 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3348 | BOY |
| EOY | 3348 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4173468 | BOY |
| EOY | 2401282 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82755 | BOY |
| EOY | 104920 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 751945 | BOY |
| EOY | 226220 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33450 | BOY |
| EOY | 34731 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 868150 | BOY |
| EOY | 365871 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 546149 | BOY |
| EOY | 549095 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2759169 | BOY |
| EOY | 1486316 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3305318 | BOY |
| EOY | 2035411 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4173468 | BOY |
| EOY | 2401282 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1269907 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3386355 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 200174 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1894207 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 400000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 320124 | CurrentTaxYear |
| Total | 6200860 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3386355 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 200174 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1894207 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 400000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 320124 | CurrentTaxYear |
| Total | 6200860 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2299198 | AmountsSubstContributorsTotal |
| Public Support Total170 | 3901662 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 31458 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 110987 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 58995 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 13745 | CurrentTaxYearMinus1Year |
| Current Tax Year | 25480 | CurrentTaxYear |
| Total | 240665 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21634 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29021 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1879 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1142 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2833 | CurrentTaxYear |
| Total | 56509 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 6498034 | TotalSupport |
| Gross Receipts From Admissions Etc | 2489320 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.60040 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.54200 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59930 | OtherCostOrOtherBasis |
| Depreciation | 33000 | Depreciation |
| Book Value | 26930 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26930 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEFERRED RENT AND LEASE INCENTIVE | Description |
| Amount | $34,731 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 34731 | TotalOfAmounts |
| Total Revenue | 1622513 | TotalRevenue |
| Total Expenses | 2892420 | TotalExpenses |
| Excess Or Deficit For Year | -1269907 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | -1269907 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1608113 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 1608113 | RevenueSubtotal |
| Other Revenues Not Included | 14400 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 14400 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1622513 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2878020 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2878020 | ExpensesSubtotal |
| Other Expenses Not Included | 14400 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 14400 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2892420 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | ON JANUARY 1, 2009, MFO ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES (ASC 740). ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON MFO'S FINANCIAL STATEMENTS. MFO DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RENTAL INCOME NETTED WITH RENT EXPENSES 14,400. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | RENTAL INCOME NETTED WITH RENT EXPENSES 14,400. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (5 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | SERVICES TO LOW INCOME HOUSEHOLDS AND MFIS | 231873 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | SERVICES TO LOW INCOME HOUSEHOLDS AND MFIS | 404060 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | SERVICES TO LOW INCOME HOUSEHOLDS AND MFIS | 76854 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | SERVICES TO LOW INCOME HOUSEHOLDS AND MFIS | 139371 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | SERVICES TO LOW INCOME HOUSEHOLDS AND MFIS | 1054619 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1906777 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1906777 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MONIQUE COHEN | NamePerson |
| Base Compensation Filing Org | 162800 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 4884 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 835 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 168519 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS DELEGATES THE REVIEW AND APPROVAL OF THE 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE MEETS WITH THE ORGANIZATION'S MANAGEMENT TEAM, AND THEN WITH THE AUDITORS. THE 990 IS SENT TO THE BOARD AS A WHOLE PRIOR TO APPROVAL. | |
| THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT WHICH EACH DIRECTOR WILL BE ASKED TO COMPLETE UPON HIS OR HER ELECTION OR RE-ELECTION TO THE BOARD ANNUALLY. EACH OFFICER AND SENIOR STAFF MEMBER WILL BE ASKED TO COMPLETE SUCH A STATEMENT UPON HIS OR HER EMPLOYMENT ON AN ANNUAL BASIS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE COMPENSATION COMMITTEE DETERMINES THE SALARY OF THE ORGANIZATION'S PRESIDENT. A MEMBER OF THE COMPENSATION COMMITTEE CONDUCTS A SURVEY OF EXECUTIVE COMPENSATION USING 990 DATA OF COMPARABLE ORGANIZATIONS, OR OTHER DATA SUCH AS A SALARY SURVEY OF EXECUTIVE DIRECTORS OF COMPARABLE ORGANIZATIONS. THE COMMITTEE, AS A WHOLE, THEN DETERMINES IF AN INCREASE IS MERITED, GIVEN THE RANGE OF SALARIES IN THE INDUSTRY AND THE PERFORMANCE OF THE PRESIDENT. THE ORGANIZATION HAS NO OTHER COMPENSATED OFFICERS, TRUSTEES AND KEY EMPLOYEES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| MICROFINANCE OPPORTUNITIES MAKES ITS FINANCIAL STATEMENTS AND OTHER DOCUMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND ON GUIDESTAR.ORG | FORM 990, PART VI, SECTION C, LINE 19 | |
| FINANCIAL POSITION | MFO'S FINANCIALS SHOW A LOSS FOR 2010 AND 2009 DUE TO RELEASES ON RESTRICTIONS FOR MULTI-YEAR GRANT AWARDS RECOGNIZED IN PRIOR YEARS. AS MFO SPENDS FUNDS FROM THOSE GRANTS, THE AMOUNT IS SHOWN AS A RELEASE FROM RESTRICTIONS. THE UNRESTRICTED CHANGE IN NET ASSETS IS A POSITIVE AMOUNT SHOWING THAT MANAGEMENT IS APPROPRIATELY MONITORING EXPENSES BASED ON THE CONTRACT AND GRANT REVENUE. MOREOVER, MFO HAS NEW AGREEMENTS FOR 2011 AND 2012 THUS FAR IN THE AMOUNTS OF $1.7M AND $1.5M. MFO WILL BE COMPLETING SEVERAL MULTI-YEAR GRANTS IN 2011, RELEASING THE REMAINING FUNDS IN RESTRICTED ASSETS. STARTING IN 2011, MFO HAS MORE CONDITIONAL GRANTS AND THUS REVENUE WILL BE RECOGNIZED BASED ON EXPENSES. THIS MEANS THAT INCOME WILL BE RECOGNIZED IN THE SAME PERIOD THAT THE RELATED EXPENSES ARE INCURRED, THUS PRESENTING A MUCH MORE ACCURATE PICTURE OF MFO'S FINANCIAL POSITION. | FORM 990, PART I AND X |