Civic Intelligence

Microfinance Opportunities Inc.

990 • Fiscal year 2020 • EIN 30-0075787

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

Organization Profilewww.microfinanceopportunities.org

View Organization Page

45 Prospect StreetCambridge, MA 02139

(202) 721-0050

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$65,706

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$201,158

Down $331,343 (-62%) from 2013

Net Assets

Up

$195,305

Up $19,325 (+11%) from 2013

Liabilities

Down

$5,853

Down $350,668 (-98%) from 2013

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin71st percentile

Revenue

Down

$624,964

Down $923,364 (-60%) from 2013

Expenses

Down

$498,097

Down $1,043,752 (-68%) from 2013

Net Income

Up

$126,867

Up $120,388 (+1858%) from 2013

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,401,282Liabilities 2010: $365,871Net Assets 2010: $2,035,4112010Assets 2011: $2,053,441Liabilities 2011: $1,583,861Net Assets 2011: $469,5802011Assets 2012: $1,334,209Liabilities 2012: $1,164,708Net Assets 2012: $169,5012012Assets 2013: $532,501Liabilities 2013: $356,521Net Assets 2013: $175,9802013Assets 2020: $201,158Liabilities 2020: $5,853Net Assets 2020: $195,3052020Assets 2021: $504,757Liabilities 2021: $36,070Net Assets 2021: $468,6872021Assets 2022: $221,751Liabilities 2022: $58,483Net Assets 2022: $163,2682022Assets 2023: $18,839Liabilities 2023: $1,227Net Assets 2023: $17,6122023Assets 2024: $55,819Liabilities 2024: $12,483Net Assets 2024: $43,3362024

Highlighted filing

2020

Assets$201,158
Liabilities$5,853
Net Assets$195,305
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,892,4202010Expenses 2011: $2,967,8162011Expenses 2012: $1,792,5532012Revenue 2013: $1,548,328Expenses 2013: $1,541,849Net Income 2013: $6,4792013Revenue 2020: $624,964Expenses 2020: $498,097Net Income 2020: $126,8672020Revenue 2021: $1,122,971Expenses 2021: $849,589Net Income 2021: $273,3822021Revenue 2022: $634,787Expenses 2022: $940,206Net Income 2022: -$305,4192022Revenue 2023: $156,708Expenses 2023: $302,364Net Income 2023: -$145,6562023Revenue 2024: $325,905Expenses 2024: $300,181Net Income 2024: $25,7242024

Highlighted filing

2020

Revenue$624,964
Expenses$498,097
Net Income$126,867
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.1
Gross Receipts
$624,964
Mission and Program Overview

Mission

Microfinance Opportunities is a global non-profit committed to understanding the economic realities of low-income and marginalized people.

The organization is a global non-profit committed to understanding the financial realities of low income households. The organization works with financial service providers

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,809$157,643▲ $107,834
Pledges and Grants Receivable$16,835$35,188▲ $18,353
Prepaid Expenses and Deferred Charges$8,560$8,327▼ $233
Total Assets$75,204$201,158▲ $125,954
Liabilities
Accounts Payable and Accrued Expenses$6,653$5,853▼ $800
Other Liabilities$113$0▼ $113
Total Liabilities$6,766$5,853▼ $913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,438$195,305▲ $126,867
Total Net Assets Fund Balance$68,438$195,305▲ $126,867
Total Liabilities and Net Assets / Fund Balance$75,204$201,158▲ $125,954
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Guy StuartExecutive DirectorFT$46,597$19,109$65,706

Board Members and Trustees

NameTitle
Elizabeth KeatingChair of the Board
Eric BellBoard member
James PickupBoard member
Larry ReedBoard member
Mark FaganBoard member
Revenue and Support

Revenue Composition

Contributions and Grants
$481,836
Program Service Revenue
$142,393
Investment Income
$0
Other Revenue
$735
All Other Contributions
$481,836
Change in Net Assets
$126,867

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,964
Total Revenue per Audited Statements
$624,964
Total Revenue per Form 990
$624,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$350,001
Salaries, Compensation, and Employee Benefits$148,096
Total Fundraising Expense$15,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$327,096$432$2,017$329,545
Other Salaries and Wages$28,668$20,388$8,819$57,875
Current Officers, Directors, Trustees, and Key Employees$46,597$0$0$46,597
Other Employee Benefits$28,758$4,641$3,392$36,791
Payroll Taxes$5,747$506$580$6,833
Insurance$0$5,470$0$5,470
Fees for Services Accounting$0$5,399$0$5,399
Information Technology$2,259$164$94$2,517
Office Expenses$1,587$752$105$2,444
All Other Expenses$0$0$397$397
Travel$263$0$0$263
Total Functional Expenses$442,726$39,954$15,417$498,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$498,097
Total Expenses per Audited Statements$498,097
Total Expenses per Form 990$498,097
International Activity

International Summary

Offices
0
Employees
10
Spending
$319,137

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram servicesFinancial Education & Mkt. Research06$254,668
EuropeProgram servicesFinancial Education & Mkt. Research02$54,840
South AmericaProgram servicesFinancial Education & Mkt. Research02$9,629
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxess payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Microfinance Opportunities
EIN
30-0075787
Phone
2027210050
Address
45 Prospect Street, Cambridge, MA 02139

Signing Officer

Name
Guy Stuart
Title
Executive Director
Phone
2027210050
Signed
2021-08-16

Organization Details

Formed
2002
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Ali Amini Cma CPA
Address
4620 N PARK AVE APT 1501 W, CHEVY CHASE, MD 20815
Preparer
Ali Amini CMA CPA
Phone
3014557039
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is distributed to the members of the board and it is discussed.”

Pt VI, Line 12C

“The members of the board are aware and are reminded that”

Pt VI, Line 12C

“entering into transactions with the entity could cause”

Pt VI, Line 12C

“conflict of interest between the entity and the related party.”

Pt VI, Line 15A

“The process of determining compensation of the executive director or top management includes review of comparable data before it is approved.”

Pt VI, Line 15B

“The process of determinig compensation of other officers or key employees includes review of comparable data before it is approved.”

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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99040
IRS990ScheduleA/PublicSupportPY509Pct00.99750
IRS990ScheduleA/PublicSupportTotal509Amt03579962
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt033228
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt033228
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt033228
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt033228
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0624229
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0372171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0706117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0867922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01042751
IRS990ScheduleA/Total509Grp/TotalAmt03613190
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03614705
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0498097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll taxess payable
IRS990ScheduleD/RevenueSubtotalAmt0624964
IRS990ScheduleD/TotalExpensesPerForm990Amt0498097
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0624964
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0624964
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0498097
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt06
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt12
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0254668
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt154840
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt29629
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt010
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0319137
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The organization does not make grants/assistances to the
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1outside of the United States.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2MFO monitors the use of its assistance outside the United States by conducting regular in-person field visits to the work sites and staying in constant communication with all related agents through phone calls, emails, and other electronic correspondence. Contracts are signed between MFO and all agents outside the United States and are governed by all applicable United States laws.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 2
IRS990ScheduleF/TotalEmployeeCnt010
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0319137
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is distributed to the members of the board and it is discussed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of the board are aware and are reminded that
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2entering into transactions with the entity could cause
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3conflict of interest between the entity and the related party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process of determining compensation of the executive director or top management includes review of comparable data before it is approved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process of determinig compensation of other officers or key employees includes review of comparable data before it is approved.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt075204
IRS990/TotalAssetsEOYAmt0201158
IRS990/TotalAssetsGrp/BOYAmt075204
IRS990/TotalAssetsGrp/EOYAmt0201158
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0481836
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015417
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039954
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442726
IRS990/TotalFunctionalExpensesGrp/TotalAmt0498097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06766
IRS990/TotalLiabilitiesEOYAmt05853
IRS990/TotalLiabilitiesGrp/BOYAmt06766
IRS990/TotalLiabilitiesGrp/EOYAmt05853
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068438
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0195305
IRS990/TotalOtherCompensationAmt019109
IRS990/TotalProgramServiceExpensesAmt0442726
IRS990/TotalProgramServiceRevenueAmt0142393
IRS990/TotalReportableCompFromOrgAmt046597
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143128

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$201,158
Liabilities
$5,853
Net assets
$195,305
Revenue
$624,964
Expenses
$498,097
Net income
$126,867
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.01$0.04$0.33$0.30$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.16$0.30$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.06$0.16$0.63$0.94$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.04$0.47$1.12$0.85$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.20$0.62$0.50$0.13
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.36$0.18$1.55$1.54$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$1.16$0.17$1.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.58$0.47$2.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.37$2.04$2.89