Civic Intelligence

Opportunity Inc.

990 • Fiscal year 2016 • EIN 61-1748401

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

550 W Van Buren Street Suite 200Chicago, IL 60607

(312) 487-5000

Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$314,259

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-20%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$96,661

Down $11,238 (-10%) from 2015

Net Assets

Up

$1

Up $1 from 2015

Liabilities

Down

$96,660

Down $11,239 (-10%) from 2015

Revenue

Down

$3,560,261

Down $882,923 (-20%) from 2015

Expenses

Down

$3,560,260

Down $882,924 (-20%) from 2015

Net Income

Up

$1

Up $1 from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $107,899Liabilities 2015: $107,899Net Assets 2015: $02015Assets 2016: $96,661Liabilities 2016: $96,660Net Assets 2016: $12016Assets 2017: $3,818,563Liabilities 2017: $3,819,434Net Assets 2017: -$8712017Assets 2018: $34,346Liabilities 2018: $69,893Net Assets 2018: -$35,5472018Assets 2019: $745,480Liabilities 2019: $708,770Net Assets 2019: $36,7102019Assets 2020: $141,089Liabilities 2020: $10,211Net Assets 2020: $130,8782020Assets 2021: $99,632Liabilities 2021: $18,546Net Assets 2021: $81,0862021Assets 2022: $73,800Liabilities 2022: $8,513Net Assets 2022: $65,2872022Assets 2023: $124,614Liabilities 2023: $947Net Assets 2023: $123,6672023Assets 2024: $18,339Liabilities 2024: $11,946Net Assets 2024: $6,3932024

Highlighted filing

2016

Assets$96,661
Liabilities$96,660
Net Assets$1

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $4,443,184Expenses 2015: $4,443,184Net Income 2015: $02015Revenue 2016: $3,560,261Expenses 2016: $3,560,260Net Income 2016: $12016Revenue 2017: $1,206,001Expenses 2017: $1,206,873Net Income 2017: -$8722017Revenue 2018: $880,610Expenses 2018: $915,286Net Income 2018: -$34,6762018Revenue 2019: $796,977Expenses 2019: $724,720Net Income 2019: $72,2572019Revenue 2020: $407,970Expenses 2020: $313,802Net Income 2020: $94,1682020Revenue 2021: $192,521Expenses 2021: $242,313Net Income 2021: -$49,7922021Revenue 2022: $312,112Expenses 2022: $327,911Net Income 2022: -$15,7992022Revenue 2023: $331,711Expenses 2023: $273,331Net Income 2023: $58,3802023Revenue 2024: $295,804Expenses 2024: $413,078Net Income 2024: -$117,2742024

Highlighted filing

2016

Revenue$3,560,261
Expenses$3,560,260
Net Income$1
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$3,560,261
Mission and Program Overview

Mission

Opportunity, inc. Is a tax-exempt, publicly supported corporation that empowers people living in poverty to transform their lives, their children's futures and their communities by providing financial solutions and training. Opportunity, inc. Supports local (see sch o) microfinance organizations which provide innovative financial solutions to empower people, create jobs and build vibrant communities.

Opportunity, inc. Is a tax-exempt, publicly supported corporation that empowers people living in poverty to transform their lives, their children's futures and their communities by providing financial solutions and training. Opportunity, inc. Supports local microfinance organizations which provide innovative financial solutions to empower people, create jobs and build vibrant communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$73,806$41,700▼ $32,106
Intangible Assets$10,938$9,934▼ $1,004
Rtn Earn Endowment Incm Other Fnds$0$1▲ $1
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$107,899$96,661▼ $11,238
Other Assets Total$23,155$45,027▲ $21,872
Liabilities
Accounts Payable and Accrued Expenses$30,000$82,441▲ $52,441
Other Liabilities$77,899$14,219▼ $63,680
Total Liabilities$107,899$96,660▼ $11,239
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$1▲ $1
Total Liabilities and Net Assets / Fund Balance$107,899$96,661▼ $11,238

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$45,027--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis WallestadGlobal Chief Operating OffFT$284,230$30,029$314,259
Noel McbridgeVP Financial Planning & AnalysisFT$164,328$32,083$196,411
Ronald GraySecretaryFT$167,594$27,237$194,831
Vicki EscarraPresident & DirectorFT$150,373$15,941$166,314
David WiegmanRegional Finance DirectorFT$129,385$29,335$158,720
David SimmsOius & Global Chief DeveloPT$140,918$3,218$144,136
Audrey Williams-leeGlobal ChroPT$108,013$18,158$126,171

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,732,412
Program Service Revenue
$827,849
Investment Income
$0
Other Revenue
$0
All Other Contributions
$137,500
Change in Net Assets
$1
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,758,587
Other Expenses$801,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,005,201--$2,005,201
Current Officers, Directors, Trustees, and Key Employees$317,967--$317,967
Fees for Services Other$286,274--$286,274
Other Employee Benefits$190,577--$190,577
Travel$167,499--$167,499
Payroll Taxes$124,042--$124,042
Pension Plan Contributions$120,800--$120,800
Fees for Services Legal$112,915--$112,915
Advertising$23,927--$23,927
All Other Expenses$23,373--$23,373
Insurance$17,874--$17,874
Other Expenses$13,937--$13,937
Conferences and Meetings$8,152--$8,152
Occupancy$5,550--$5,550
Depreciation Depletion$4,884--$4,884
Fees for Services Accounting$-20,000--$-20,000
Total Functional Expenses$3,560,260$0$0$3,560,260
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
Due to Opportunity International$14,219
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization's members are opportunity international, inc., opportunity international united kingdom, and opportunity international australia limited (see schedule r, part ii).

Form 990, Part VI, Section A, Line 7A

The organization's members may appoint up to ten of the board of directors.

Form 990, Part VI, Section B, Line 11B

Staff prepares detailed information from internal reports and financial statements and sends to cla. Treasurer and ceo of oi review the draft prepared by cla and discuss comments and questions with cla. After review is complete, the 990 is distributed to the oi board of directors and the return is signed and submitted to the irs.

Form 990, Part VI, Section B, Line 12C

It is an annual requirement for all employees and directors to sign the conflict of interest statements. Disclosures are to be made by employees to the chief executive officer. In the case of the ceo and other directors conflicts of interest are reported to the board chair, or in the case of the board chair to the chair of the risk & audit committee. If a conflict of interest is determined the responsible person(s) are recused/excluded from all discussions in connection with the proposed transaction. Finance department monitors related party transactions.

Form 990, Part VI, Section B, Line 15

Compensation is apporved by the people committee of the global board using ibm's kenexa salary database and inside ngo salary survey as comparabililty data to help set compensation. Compensation decisions are included in the board committee minutes and approvals are documented in the employee files. This process is the same for the ceo and all other officers.

Form 990, Part VI, Section C, Line 19

Conflict of interest policy is not published. Financial statements are available upon request. Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Opportunity Inc
EIN
61-1748401
Phone
3124875000
Address
550 W VAN BUREN STREET SUITE 200, CHICAGO, IL 60607

Signing Officer

Name
Ronald Gray
Title
Treasurer
Phone
3124875000
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Tomasik
Formed
2014
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Alex E Warner CPA Mst
Phone
6305738600
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15GLOBAL CHRO
IRS990/Form990PartVIISectionAGrp/TitleTxt16GLOBAL CHIEF OPERATING OFF
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP FINANCIAL PLANNING & ANALYSIS
IRS990/Form990PartVIISectionAGrp/TitleTxt18REGIONAL FINANCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20OIUS & GLOBAL CHIEF DEVELO
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1167594
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