Civic Intelligence

Microfinance Opportunities Inc.

990 • Fiscal year 2021 • EIN 30-0075787

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 06, 2022

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

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.03x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

68th percentile

24%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$113,152

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

96th percentile

151%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

80%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$504,757

Up $303,599 (+151%) from 2020

Net Assets

Up

$468,687

Up $273,382 (+140%) from 2020

Liabilities

Up

$36,070

Up $30,217 (+516%) from 2020

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin68th percentile

Revenue

Up

$1,122,971

Up $498,007 (+80%) from 2020

Expenses

Up

$849,589

Up $351,492 (+71%) from 2020

Net Income

Up

$273,382

Up $146,515 (+115%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

2021

Assets$504,757
Liabilities$36,070
Net Assets$468,687
Open 2021 Filing

Operations Trend

Revenue Growth84th percentile

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

2021

Revenue$1,122,971
Expenses$849,589
Net Income$273,382
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 6, 2022
Return Version
2021v4.1
Gross Receipts
$1,122,971
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$157,643$443,063▲ $285,420
Accounts Receivable-$55,605-
Pledges and Grants Receivable$35,188--
Prepaid Expenses and Deferred Charges$8,327$6,089▼ $2,238
Total Assets$201,158$504,757▲ $303,599
Liabilities
Accounts Payable and Accrued Expenses$5,853$36,070▲ $30,217
Total Liabilities$5,853$36,070▲ $30,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$195,305$468,687▲ $273,382
Total Net Assets Fund Balance$195,305$468,687▲ $273,382
Total Liabilities and Net Assets / Fund Balance$201,158$504,757▲ $303,599
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Guy StuartExecutive DirectorFT$86,396$26,756$113,152

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
$606,984
Program Service Revenue
$515,899
Investment Income
$0
Other Revenue
$88
All Other Contributions
$606,984
Change in Net Assets
$273,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,971
Total Revenue per Audited Statements
$1,122,971
Total Revenue per Form 990
$1,122,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$666,628
Salaries, Compensation, and Employee Benefits$182,961
Total Fundraising Expense$13,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$595,047$7,767$3,635$606,449
Current Officers, Directors, Trustees, and Key Employees$64,797$17,279$4,320$86,396
Other Salaries and Wages$36,532$9,742$2,435$48,709
Other Employee Benefits$27,406$7,976$1,494$36,876
Travel$18,502$0$0$18,502
Payroll Taxes$7,966$2,521$493$10,980
Insurance$56$9,219$0$9,275
Fees for Services Accounting$0$7,600$0$7,600
Other Expenses$5,598$0$0$5,598
Office Expenses$3,254$887$114$4,255
Information Technology$3,263$191$247$3,701
Total Functional Expenses$769,070$67,384$13,135$849,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$849,589
Total Expenses per Audited Statements$849,589
Total Expenses per Form 990$849,589
International Activity

International Summary

Offices
0
Employees
41
Spending
$605,582

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. Research05$332,873
EuropeProgram servicesFinancial Education & Mkt. Research07$178,824
Sub-Saharan AfricaProgram servicesFinancial Education & Mkt. Research023$90,115
South AmericaProgram servicesFinancial Education & Mkt. Research04$2,970
East Asia and PacificProgram servicesFinancial Education & Mkt. Research02$800
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
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
2022-10-06

Organization Details

Formed
2002
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
2
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.”

Form 990, Part IX, Line 11G

“gl 67200 Domestic Intern Fees 2000. 2000. 0. 0.”

Form 990, Part IX, Line 11G

“gl 80100 Consultants 230957. 219555. 7767. 3635.”

Form 990, Part IX, Line 11G

“gl 80200 Subcontracting Firms 373492. 373492. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt088
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0735
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0438
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt035
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01296
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.72330
IRS990ScheduleA/PublicSupportPY509Pct00.99040
IRS990ScheduleA/PublicSupportTotal509Amt02672398
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0987696
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt033228
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01020924
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0987696
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt033228
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01020924
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01122883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0624229
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0372171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0706117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0867922
IRS990ScheduleA/Total509Grp/TotalAmt03693322
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03694618
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/ExpensesSubtotalAmt0849589
IRS990ScheduleD/RevenueSubtotalAmt01122971
IRS990ScheduleD/TotalExpensesPerForm990Amt0849589
IRS990ScheduleD/TotalRevenuePerForm990Amt01122971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01122971
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0849589
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt07
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt123
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt34
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt45
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0178824
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt190115
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2800
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt32970
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4332873
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2East Asia and Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4Financial Education & Mkt. Research
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt041
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0605582
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/TotalEmployeeCnt041
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0605582
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/ExplanationTxt6gl 67200 Domestic Intern Fees 2000. 2000. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7gl 80100 Consultants 230957. 219555. 7767. 3635.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8gl 80200 Subcontracting Firms 373492. 373492. 0. 0.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0201158
IRS990/TotalAssetsEOYAmt0504757
IRS990/TotalAssetsGrp/BOYAmt0201158
IRS990/TotalAssetsGrp/EOYAmt0504757
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0606984

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$504,757
Liabilities
$36,070
Net assets
$468,687
Revenue
$1,122,971
Expenses
$849,589
Net income
$273,382
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
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.04$0.47$1.12$0.85$0.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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