2011-11-09T15:18:31-06:00 2010-12-31 RSM MCGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2010-01-01 300075787 MICROFINANCE OPPORTUNITIES MICR 2027210050 1701 K STREET NW NO 650 WASHINGTON DC 20006 MONIQUE COHEN 2027210050 2011-11-09 1 JAMES P SWEENEY CPA 7033366400 2010 2016-03-07 17:11:31Z MONIQUE COHEN 1701 K STREET NW NO 650 WASHINGTON DC 20006 1622513 0 X WWW.MICROFINANCEOPPORTUNITIES.ORG X 2002 DC 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. 7 7 17 5 0 0 400000 320124 483478 1274076 13745 11080 1142 17233 898365 1622513 0 0 0 0 1024681 1174881 0 0 111534 1263114 1717539 2287795 2892420 -1389430 -1269907 4173468 2401282 868150 365871 3305318 2035411 X 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. 0 0 1599978 831046 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. 624560 65254 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. 226478 377776 MICROFINANCE OPPORTUNITIES PROMOTES THE DEVELOPMENT OF CLIENT RISK MANAGEMENT FINANCIAL PRODUCTS WHICH WILL REDUCE THE VULNERABILITY OF LOW-INCOME HOUSEHOLDS. 2451016 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X X KELLY GARDNER CFO 2027210050 1701 K STREET NW NO 650 WASHINGTON DC 20006 CHARLES RAYMOND 2.00 X X 0 0 0 DANA DE KANTER 2.00 X 0 0 0 JIM PICKUP 2.00 X 0 0 0 LARRY REED 2.00 X 0 0 0 NAMARATA SHARMA 2.00 X 0 0 0 JENNIFER VON BISMARK 2.00 X 0 0 0 ERIC C BELL 2.00 X 0 0 0 MONIQUE COHEN 50.00 X 162800 0 4884 STEPHANIE FISCHER 50.00 X 114974 0 9170 KELLY GARDNER 50.00 X 83764 0 8229 361538 0 22283 2 0 1 0 0 320124 320124 CONTRACT INCOME 900099 1254456 1254456 HONORARIUM 900099 10786 10786 PUBLICATION INCOME 511190 8584 8584 TRAINING FEES 900099 250 250 1274076 11080 11080 14400 14400 14400 14400 MISCELLANEOUS INCOME 900099 2833 2833 2833 1622513 1274076 0 28313 277774 235236 31791 10747 723093 516885 140609 65599 28281 20221 5889 2171 73066 50950 18086 4030 72667 54513 12331 5823 21761 3377 18384 47780 29479 16208 2093 11717 10944 360 413 235836 184028 38404 13404 293303 282605 10681 17 10598 5513 1775 3310 11404 11404 15402 15402 PROJECT SUBCONTRACTORS 996642 985877 6838 3927 PROJECT SUPPLIES AND MA 27008 27008 MEETING LOGISTICS 23032 23032 PROJECT PUBLICATIONS 21229 21229 WEBSITE 1827 119 1708 2892420 2451016 329870 111534 39808 29148 2872244 1818839 1213441 522376 7733 641 59930 33000 36894 26930 3348 3348 4173468 2401282 82755 104920 751945 226220 33450 34731 868150 365871 X 546149 549095 2759169 1486316 3305318 2035411 4173468 2401282 -1269907 0 X X 0 1 1 X 0 X 3386355 200174 1894207 400000 320124 6200860 3386355 200174 1894207 400000 320124 6200860 2299198 3901662 31458 110987 58995 13745 25480 240665 21634 29021 1879 1142 2833 56509 6498034 2489320 0.60040 0.54200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59930 33000 26930 26930 DEFERRED RENT AND LEASE INCENTIVE 34731 34731 1622513 2892420 -1269907 0 -1269907 1608113 0 1608113 14400 14400 1622513 2878020 0 2878020 14400 14400 2892420 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. 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 0 0 0 1906777 0 1906777 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 MONIQUE COHEN 162800 0 0 0 0 0 4884 0 835 0 168519 0 0 0 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. FORM 990, PART VI, SECTION B, LINE 12C 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 15 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 C, LINE 19 MICROFINANCE OPPORTUNITIES MAKES ITS FINANCIAL STATEMENTS AND OTHER DOCUMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND ON GUIDESTAR.ORG FINANCIAL POSITION FORM 990, PART I AND X 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.