Opportunity International Inc

Organization Overview

Opportunity International Inc is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2019, Opportunity International Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Opportunity International Inc generated $74.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $69.0m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. IN 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 95% OF LOAN CLIENTS ARE WOMEN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPPORTUNITY INTERNATIONAL, INC., (OPPORTUNITY), IS A TAX EXEMPT, PUBLICLY SUPPORTED FAITH-BASED CORPORATION. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. OPPORTUNITY'S PROGRAMS ARE FINANCED THROUGH CHARITABLE DONATIONS, EARNED INCOME FROM ITS BANKING OPERATIONS IN SERBIA, GHANA, AND COLOMBIA AND FROM LEVERAGING LOCAL FUNDS PROVIDED BY PARTNER BANKS AND OTHER FINANCIAL INSTITUTIONS. 95% OF LOAN CLIENTS ARE WOMEN.


OPPORTUNITY IMPLEMENTS ITS PROGRAMS IN 27 COUNTRIES THROUGH A WORLDWIDE NETWORK OF STAFF, BRANCHES, SUBSIDIARY BANKS AND LOCAL NONGOVERNMENTAL ORGANIZATIONS, AS WELL AS LOCAL IMPLEMENTING PARTNERS COMMERCIAL AND NONPROFIT AND MICROFINANCE INSTITUTIONS. OPPORTUNITY PROVIDES GRANTS AND MAINTAINS A MINORITY EQUITY INTEREST IN A NUMBER OF KEY IMPLEMENTING PARTNERS TO ENSURE A LONG-TERM ALIGNMENT OF INTEREST IN SERVING THE POOR. ADDITIONALLY, SUCH INVESTMENTS ENABLE OPPORTUNITY TO LEVERAGE LOCAL INVESTOR FUNDS AND DEBT TO INCREASE SERVICES AND MAXIMIZE THE FUNDS DEPLOYED TO SERVE THE ECONOMIC NEEDS OF THE POOR. IN 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS. 95% OF LOAN CLIENTS ARE WOMEN.


OPPORTUNITY USES ITS CHARITABLE DONATIONS TO FUND ITS DIRECT OPERATIONS, ESPECIALLY IN ITS EDUCATION FINANCE, AGRICULTURAL FINANCE, DIGITAL FINANCIAL SERVICES AND MONITORING & EVALUATION PROGRAMS IN 27 COUNTRIES. BY PROVIDING FINANCIAL SOLUTIONS, SUPPORT AND TRAINING, WE EMPOWER PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES TO BUILD SUSTAINABLE INCOMES, EDUCATE THEIR CHILDREN AND ESCAPE GENERATIONAL POVERTY, IN THE PROCESS TRANSFORMING THEIR LIVES, THEIR CHILDREN'S FUTURES, AND THEIR COMMUNITIES. IN 2019 OPPORTUNITY AND ITS PARTNER ORGANIZATIONS SERVED 6.6 MILLION LOAN CLIENTS AND REACHED 2 MILLION CHILDREN IN 6,400 SCHOOLS.


OI GRANTED FUNDS TO AFFILIATES, OPPORTUNITY INC., OPPORTUNITY TRANSFORMATION INVESTMENTS, INC., AND OPPORTUNITY INTERNATIONAL NICARAGUA, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Atul Tandon
CEO
$512,100
Ronald Gray
Legal Counsel
$206,468
Reda Lana D
Chief Philanthropy Officer
$202,000
Tomasik Margaret
Svp, Finance
$200,103
Kurtz Randy
Chief Administrative Officer
$200,000
Ripley Dennis W
Chief Program Officer
$200,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gaplink
Research
$236,981
Impact Atlas
Client Surveys And Research
$522,835
Rjb Systems Inc
Computer Network Maintenance
$217,638
Jethro Limited
Computer Network Maintenance
$156,376
Innovations For Poverty Action
Research
$197,552
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $253,903
All other contributions, gifts, grants, and similar amounts not included above$20,854,321
Noncash contributions included in lines 1a–1f $3,449,552
Total Revenue from Contributions, Gifts, Grants & Similar$21,108,224
Total Program Service Revenue$53,634,488
Investment income $8,365
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$43,043
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $74,708,034

Grants Awarded

Over the last fiscal year, Opportunity International Inc has awarded $490,781 in support to 2 organizations.

Grant RecipientAmount

Chicago, IL

PURPOSE: FUNDS TO AFFILIATE FOR OPERATING EXPENSES

$393,287

OPPORTUNITY TRANSFORMATION INVESTMENTS INC

Org PageRecipient Profile

Chicago, IL

PURPOSE: FUNDS TO RELATED ORGANIZATION FOR OPERATING EXPENSES AND INVESTMENT IN SUBSIDIARY

$97,494
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Opportunity International Inc has recieved totaling $908,673.

Awarding OrganizationAmount
Exxonmobil Foundation

The Woodlands, TX

PURPOSE: OTHER EDUCATION - INTEGRATED AGRICULTURE PROGRAM

$300,000
Exxonmobil Foundation

The Woodlands, TX

PURPOSE: OTHER EDUCATION - INTEGRATED AGRICULTURE PROGRAM

$300,000
Keith V Kiernan Foundation

Wilmington, DE

PURPOSE: COVID-19 RELIEF FOR EDU-FINANCE (DIGITAL SERVICES)

$65,000
Randall Dick J And Carolyn L Fdn

Detroit, MI

PURPOSE: GENERAL CHARITABLE PURPOSE

$50,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$27,168
Emmerich Foundation

Jordan, MN

PURPOSE: EDUCATION FINANCE PROGRAM

$25,000
View Grant Recipient Profile

Endowment Analysis

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