Civic Intelligence

Opportunity Plus

990 • Fiscal year 2017 • EIN 46-5582871

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 15, 2018

Organization Profileopportunityplus.org
14681 MIDWAY ROAD 2nd floorAddison, TX 75001

(800) 694-9746

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

4th percentile

-131%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

85th percentile

$26,154

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-87%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-75%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$47,406

Down $328,077 (-87%) from 2016

Net Assets

Down

$47,406

Down $328,077 (-87%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin4th percentile

Revenue

Down

$250,419

Down $764,457 (-75%) from 2016

Expenses

Down

$578,496

Down $60,897 (-9.5%) from 2016

Net Income

Down

-$328,077

Down $703,560 (-187%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$400K$300K$200K$100K$0Assets 2016: $375,483Liabilities 2016: $0Net Assets 2016: $375,4832016Assets 2017: $47,406Liabilities 2017: $0Net Assets 2017: $47,4062017Assets 2018: $35,770Liabilities 2018: $0Net Assets 2018: $35,7702018

Highlighted filing

2017

Assets$47,406
Liabilities$0
Net Assets$47,406
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,014,876Expenses 2016: $639,393Net Income 2016: $375,4832016Revenue 2017: $250,419Expenses 2017: $578,496Net Income 2017: -$328,0772017Revenue 2018: $16,536Expenses 2018: $34,280Net Income 2018: -$17,7442018

Highlighted filing

2017

Revenue$250,419
Expenses$578,496
Net Income-$328,077
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$291,391
Mission and Program Overview

Mission

To create opportunities for the working poor to become confident, productive and self-sufficient citizens through financial empowerment and access to affordable microloans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$375,483$47,406▼ $328,077
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$375,483$47,406▼ $328,077
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$375,483$47,406▼ $328,077
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$375,483$47,406▼ $328,077
Total Liabilities and Net Assets / Fund Balance$375,483$47,406▼ $328,077
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paulomi Patelimm past Executive directorFT$26,154$26,154
Ami DoshiFounder/CEOFT$21,100$21,100

Board Members and Trustees

NameTitle
Paula FeinbergBoard CHair
Maya Patelimm past board chair
Jayesh ParekhDirector
Mayukh ChoudhuryDirector
Bhadresh ShahSecretary
Jasvant ModiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$272,471
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-22,052
All Other Contributions
$103,197
Change in Net Assets
$-328,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$470,816
Other Expenses$58,680
Salaries, Compensation, and Employee Benefits$49,000
Total Fundraising Expense$17,951
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$470,816--$470,816
Current Officers, Directors, Trustees, and Key Employees$36,467-$9,117$45,584
Fees for Services Other$8,075$20,000$1,000$29,075
Advertising$650$5,116$200$5,966
Information Technology$584$3,882$150$4,616
Occupancy$1,256$1,888$1,056$4,200
Conferences and Meetings$202-$3,334$3,536
Payroll Taxes$2,733-$683$3,416
Fees for Services Accounting-$3,127-$3,127
Travel$376$25$1,270$1,671
Other Expenses$215$855$54$1,124
Office Expenses$415$434$119$968
Fees for Services Legal-$275-$275
Total Functional Expenses$522,085$38,460$17,951$578,496
International Activity

International Summary

Spending
$522,085

International Compliance

Foreign grant records maintained
Yes
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 AsiaGrantmakingMicrolending--$522,085
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,972
Fundraising Gross Income$18,920
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
diwali$98,781$11,160$472$10,688
mahila$89,413$7,760$4,302$3,458
Total Events$188,194$18,920$40,972$-22,052
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Opportunity Plus
EIN
46-5582871
In Care Of
% AMI DOSHI
Phone
8006949746
Address
14681 MIDWAY ROAD 2nd floor, ADDISON, TX 75001

Signing Officer

Name
Ami Doshi
Title
Founder/CEO
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ami Doshi
Formed
2014
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
15

Preparer

Firm
Bruce E Bernstien & Associates
Address
10440 N CENTRAL EXPRESSWAY STE 1040, DALLAS, TX 75231
Preparer
Bruce E Bernstien
Phone
2147060840
Supplemental Narrative

Additional Explanations

The Process Used by the Organization to Review the Form 990

“Form 990, part vi, line 11b: an electronic copy of the irs form 990 is provided to the chairman of the board prior to filing to ensure the accuracy and completeness of the information presented to the public regarding mission, program, activities, financials and governance. After the initial review by the chairman, an electronic copy of the form 990 is shared to the rest of the board members for review, modifications and vote. All final changes are incorporated into the form 990 and filed with the irs. Documentation of the review is recorded in meeting minutes.”

The Process to Monitor Transactions for Conflicts of Interest

“Form 990, part vi, line 12c: officers, directors or trustees, and key employees are required to announce any conflict at annual board meetings and all issues are included in meeting minutes. The conflict of interest policy is reviewed and signed by board members annually.”

The Process for Determining Compensation

“Form 990, part vi, lines 15a&b: market study on employee compensation was performed on comparable responsibilities and presented to the board. The board reviews, makes recommendations and votes to approve compensation package.”

Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public

“Form 990, part vi, line 19: the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Raw XML AppendixShowing 400 of 523 raw XML fields

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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IRS990/Desc0microloans for basic human needs - renewable energy This past year, we awarded $261,000 in grants to our Grantee Field Partners towards our Microloans for Basic Human NeedsRenewable Energy Program. We support and repayable microloan programs to help low-income households gain access to safe and renewable energy through solar lamps. Our grantees deployed the funds as repayable microloans to help these families purchase solar lamps for their homes. As the loans are repaid, the funds are lent out to new beneficiaries, allowing us to leverage the impact of the funds over time.
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IRS990/MissionDesc0OUR MISSION IS TO CREATE OPPORTUNITIES FOR THE WORKING POOR TO BECOME CONFIDENT, PRODUCTIVE AND SELF-SUFFICIENT CITIZENS THROUGH FINANCIAL EMPOWERMENT AND ACCESS TO AFFORDABLE MICROLOANS. Opportunity PLUS MODEL IS INSPIRED BY THE PRACTICE OF MICROFINANCE PLUS, WHERE THE EXTENSION OF SMALL-SCALE FINANCIAL SERVICES TO LOW-INCOME POPULATIONS INCLUDES BROADER DEVELOPMENT ISSUES LIKE GENDER, HEALTH, EDUCATION AND ENERGY PROVISION TO ADDRESS THE MULTI-DIMENSIONALITY OF POVERTY. WE AIM TO CREATE A SENSE OF OWNERSHIP WITH A VESTED INTEREST IN THEIR PERSONAL DEVELOPMENT, AND BELIEVE THAT AFFORDABLE CAPITAL IS A POWERFUL WAY TO ADDRESS THE CHALLENGES FACED IN POVERTY. WE MANAGE TWO PROGRAMS - MICROLOANS FOR MICROENTERPRISES AND MICROLOANS FOR BASIC HUMAN NEEDS, WHICH INCLUDE RENEWABLE ENERGY AND CLEAN DRINKING WATER. WE AWARD GRANT CAPITAL THAT IS LEVERAGED MULTIPLE TIMES AS REPAYABLE MICROLOANS. AS THE MICROLOANS ARE REPAID, THEY ARE RE-LENT TO A NEW BENEFICIARY, CREATING A PERPETUAL CYCLE OF I
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01056
IRS990/OccupancyGrp/ManagementAndGeneralAmt01888
IRS990/OccupancyGrp/ProgramServicesAmt01256
IRS990/OccupancyGrp/TotalAmt04200
IRS990/OfficeExpensesGrp/FundraisingAmt0119
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0434
IRS990/OfficeExpensesGrp/ProgramServicesAmt0415
IRS990/OfficeExpensesGrp/TotalAmt0968
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK SERVICES & WIRE CHARGES
IRS990/OtherExpensesGrp/Desc1PAYROLL FEES
IRS990/OtherExpensesGrp/FundraisingAmt0968
IRS990/OtherExpensesGrp/FundraisingAmt154
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02858
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1855
IRS990/OtherExpensesGrp/ProgramServicesAmt0296
IRS990/OtherExpensesGrp/ProgramServicesAmt1215
IRS990/OtherExpensesGrp/TotalAmt04122
IRS990/OtherExpensesGrp/TotalAmt11124
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0683
IRS990/PayrollTaxesGrp/ProgramServicesAmt02733
IRS990/PayrollTaxesGrp/TotalAmt03416
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0AMI DOSHI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Microloans for Microenterprises - Enterprise Development This past year, we awarded $120,281 in grants to our Grantee Field Partners towards our Microloans for Microenterprises-Enterprise Development Program. We support financial empowerment programs and repayable microloan programs for income generating activities, such as basket weaving, chutney production, dairy farming and tailoring. Our grantees deployed the funds as repayable microloans. As the loans are repaid, the funds are lent out to new beneficiaries, allowing us to leverage the impact of the funds over time.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0143351
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0120281
IRS990/ProgSrvcAccomActy3Grp/Desc0Microloans for Microenterprises - Vocational Training This past year, we awarded $89,535 in grants to our Grantee Field Partners towards our Microloans for Microenterprises-Vocational Training Program. We support financial empowerment programs and repayable microloan programs for vocational and skill training classes, such as computer programming, beauty school training, dress making classes to help prepare our beneficiaries with better employment prospects. Our grantees deployed the funds as repayable microloans. As the loans are repaid, the funds are lent out to new beneficiaries, allowing us to leverage the impact of the funds over time.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt091599
IRS990/ProgSrvcAccomActy3Grp/GrantAmt089535
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Capacity Building Program
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01024117
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0548968
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt049643
IRS990/PYOtherRevenueAmt0-9241
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0375483
IRS990/PYSalariesCompEmpBnftPaidAmt040782
IRS990/PYTotalExpensesAmt0639393
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01014876
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-328077
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0272471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01024117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01296588
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0552316
IRS990ScheduleA/SubstantialContributorsTotAmt0744272
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0272471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01024117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01296588
IRS990ScheduleA/TotalSupportAmt01296588
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0522085
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Microlending
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0470816
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRETRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MICROLENDING
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0522085
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0FORM 990, SCHEDULE I, PART I, LINE 2 A GRANT AGREEMENT, WHICH INCLUDES THE GRANTEES RESPONSIBILITY WITH REGARDS TO THE NATURE AND TIMING OF REPORTING ON THE USE OF FUNDS, IS SIGNED BY BOTH MILAAP USA AND THE GRANTEE. THIS PAST YEAR, MILAAP USA AWARDED GRANTS TO 5 GRANTEE PARTNERS IN INDIA, OUT OF WHICH MILAAP INDIA WAS THE LARGEST. MILAAP INDIA PROVIDES opportunity plus WITH A BIANNUAL REPORT, WHICH TRACKS THE CUMULATIVE AMOUNT OF GRANTS AWARDED TO MILAAP INDIA, THE NUMBER OF LOANS FUNDED BY PROGRAM, THE NUMBER OF BENEFICIARIES WHO RECEIVED THE FUNDS AND THE NUMBER OF LIVES IMPACTED. GIVEN THAT OUR GRANTS ARE USED BY MILAAP INDIA AS REPAYABLE MICROLOANS, MILAAP INDIA IS ALSO RESPONSIBLE FOR MONITORING THE GROWTH IN IMPACT NUMBERS AS THE FUNDS ARE RE-LENT TO NEW BENEFICIARIES. THEY REPORT ON AVERAGE INTEREST RATES BY PROGRAM, LOAN TERMS, THE NUMBER OF FAMILY MEMBERS IN EACH BENEFICIARIES' FAMILY, THE STATES IN WHICH THE BENEFICIARIES LIVE, THE USE OF THE FUNDS, AND BASIC HOUSEHOLD BUDGETS OF EACH BENEFICIARY, AMONG OTHERS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PROCEDURES FOR MONITORING THE USE OF GRANT
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalSpentAmt0522085
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0169274
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt081653
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt087621
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040972
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0494
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt01400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01894
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0mahila
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0diwali
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt021209
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt011520
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,406
Liabilities
$0
Net assets
$47,406
Revenue
$250,419
Expenses
$578,496
Net income
-$328,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.02$0.03$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.25$0.58$0.33
2016Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$1.01$0.64$0.38