Civic Intelligence

Microfinance Opportunities Inc.

990 • Fiscal year 2023 • EIN 30-0075787

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

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

77th percentile

0.07x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

6th percentile

-93%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

79th percentile

$1,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

4th percentile

-92%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-75%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$18,839

Down $202,912 (-92%) from 2022

Net Assets

Down

$17,612

Down $145,656 (-89%) from 2022

Liabilities

Down

$1,227

Down $57,256 (-98%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin6th percentile

Revenue

Down

$156,708

Down $478,079 (-75%) from 2022

Expenses

Down

$302,364

Down $637,842 (-68%) from 2022

Net Income

Up

-$145,656

Up $159,763 (+52%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2023

Assets$18,839
Liabilities$1,227
Net Assets$17,612
Open 2023 Filing

Operations Trend

Revenue Growth6th 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

2023

Revenue$156,708
Expenses$302,364
Net Income-$145,656
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.1
Gross Receipts
$156,708
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$153,264$15,302▼ $137,962
Prepaid Expenses and Deferred Charges$5,116$2,617▼ $2,499
Accounts Receivable$63,371$920▼ $62,451
Total Assets$221,751$18,839▼ $202,912
Liabilities
Accounts Payable and Accrued Expenses$58,483$1,227▼ $57,256
Total Liabilities$58,483$1,227▼ $57,256
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$163,268$17,612▼ $145,656
Total Net Assets Fund Balance$163,268$17,612▼ $145,656
Total Liabilities and Net Assets / Fund Balance$221,751$18,839▼ $202,912
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Guy StuartExecutive DirectorPT$1,000$1,000

Board Members and Trustees

NameTitle
Elizabeth KeatingBoard Chair
Eric BellPresident
James PickupDirector
Larry ReedDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$12,615
Program Service Revenue
$144,093
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,615
Change in Net Assets
$-145,656

Audited Revenue Reconciliation

Revenue per Audited Statements
$156,708
Total Revenue per Audited Statements
$156,708
Total Revenue per Form 990
$156,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,041
Salaries, Compensation, and Employee Benefits$62,323
Total Fundraising Expense$427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,667$39,696$0$43,363
Other Employee Benefits$8,587$5,576$36$14,199
Fees for Services Accounting$0$7,777$0$7,777
Insurance$0$7,487$0$7,487
Information Technology$3,593$965$0$4,558
Payroll Taxes$224$3,537$0$3,761
Office Expenses$811$372$0$1,183
Current Officers, Directors, Trustees, and Key Employees$750$250$0$1,000
Other Expenses$0$150$0$150
Total Functional Expenses$219,489$82,448$427$302,364

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$302,364
Total Expenses per Audited Statements$302,364
Total Expenses per Form 990$302,364
International Activity

International Summary

Offices
0
Employees
7
Spending
$223,693

International Compliance

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
East Asia and PacificProgram servicesFinancial Education & Mkt. Research02$92,380
EuropeProgram servicesFinancial Education & Mkt. Research01$85,645
Sub-Saharan AfricaProgram servicesFinancial Education & Mkt. Research03$33,945
Middle EastProgram services-01$11,723
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
Doing Business As
Gwd

Signing Officer

Name
Guy Stuart
Title
Executive Director
Phone
2027210050
Signed
2024-10-29

Organization Details

Formed
2002
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
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 determining compensation of other officers or key employees includes review of comparable data before it is approved.”

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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0156708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0633039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01122883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0624229
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0372171
IRS990ScheduleA/Total509Grp/TotalAmt02909030
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02911452
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0302364
IRS990ScheduleD/RevenueSubtotalAmt0156708
IRS990ScheduleD/TotalExpensesPerForm990Amt0302364
IRS990ScheduleD/TotalRevenuePerForm990Amt0156708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0156708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0302364
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt13
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt31
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt085645
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt133945
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt292380
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt311723
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2East Asia and Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Middle East
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/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt07
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0223693
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/TotalEmployeeCnt07
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0223693
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 determining 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
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt018839
IRS990/TotalAssetsGrp/BOYAmt0221751
IRS990/TotalAssetsGrp/EOYAmt018839
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt012615
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0427
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0219489
IRS990/TotalFunctionalExpensesGrp/TotalAmt0302364
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058483
IRS990/TotalLiabilitiesEOYAmt01227
IRS990/TotalLiabilitiesGrp/BOYAmt058483
IRS990/TotalLiabilitiesGrp/EOYAmt01227
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0163268
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017612
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0219489
IRS990/TotalProgramServiceRevenueAmt0144093
IRS990/TotalReportableCompFromOrgAmt01000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144093
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156708
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0221751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018839
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 Prospect Street
IRS990/USAddress/CityNm0Cambridge
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002139
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.microfinanceopportunities.org

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,839
Liabilities
$1,227
Net assets
$17,612
Revenue
$156,708
Expenses
$302,364
Net income
-$145,656
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
2023Detailed filing. Detailed filing data is available for this year.$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
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