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Accion Opportunity Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454127501 ✦ San jose, CA ✦ Designated as a 501(c)(3)

Overview

What is Accion Opportunity Fund Inc?

Accion Opportunity Fund Inc is a nonprofit organization based in San Jose, California, dedicated to empowering hardworking entrepreneurs from low-to-moderate income communities. Their mission is to help build world-class microfinance institutions within the United States, thereby fostering economic development and self-sufficiency. They achieve this by providing resources, support, tools, and information to various microfinance organizations, including fundraising, training, education, and partnership opportunities. Accion Opportunity Fund's primary focus is on promoting financial inclusion and financial health through credit access and training for these communities.


Official website here: www.us.accion.org

Is Accion Opportunity Fund Inc legitimate?

Accion Opportunity Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accion Opportunity Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,239,761

For more financial information, click here


Official website here: www.us.accion.org

What is the mission statement of Accion Opportunity Fund Inc?

Accion Opportunity Fund Inc's mission is centered around assisting in the development of top-tier microfinance institutions within the United States. This mission aims to foster economic growth and promote self-sufficiency among individuals from low-to-moderate income communities. The organization achieves this by increasing access to credit and financial inclusion through training and mentoring programs. By doing so, Accion Opportunity Fund Inc strives to enhance financial health and empower its members, ultimately contributing to a stronger and more inclusive financial landscape.


Official website here: www.us.accion.org

Who is the CEO of Accion Opportunity Fund Inc?

Eric Trux is the Chief Executive Officer of Accion Opportunity Fund Inc. The CEO's salary of Accion Opportunity Fund Inc is $0 and their total compensation is $394,697.


Official website here: www.us.accion.org

What is the revenue of Accion Opportunity Fund Inc?

Accion Opportunity Fund Inc's revenue in 2022 was $4,910,082.


Official website here: www.us.accion.org

Who are the executives of Accion Opportunity Fund Inc and what are their salaries?

Here are 27 key members and their salaries (Accion Opportunity Fund Inc's CEO's salary is $0 and their total compensation is $394,697):

    Luz Lopez Urrutia (Chief Executive Officer) [Trustee/Director]
  • Compensation: $0
  • Related: $373,205
  • Other: $21,492

    • Rolland Jurgens (Evp & Cfo)
  • Compensation: $0
  • Related: $299,704
  • Other: $21,168

    • Michael Rapaport (President, Coo)
  • Compensation: $0
  • Related: $295,143
  • Other: $21,346

    • Mike Torres (Cfo)
  • Compensation: $0
  • Related: $78,924
  • Other: $4,291

    • Greg Avis (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Koshland (Vice Chair & Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mickey Konson (Asst. Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Esteban Altschul (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Swati Bhatia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dickson Chu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Caretha Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Solana Cozzo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joni Cropper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Engel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Madeleine Fackler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Parker Hudnut (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yun-Fang Juan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lata Krishnan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juanita Lott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathalie Molina Nino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Ross-Ronch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Schlein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.us.accion.org

    Where can I find the form 990 for Accion Opportunity Fund Inc?

    The Accion Opportunity Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.us.accion.org

    Learn more at the official website: www.us.accion.org

    Mission Statement of Accion Opportunity Fund Inc

    Accion Opportunity Fund Inc, established in 2011, is dedicated to building world-class microfinance institutions in the United States. The primary objective of this nonprofit organization is to enhance economic development and promote self-sufficiency among individuals from low-to-moderate income communities. It achieves this by increasing access to credit and fostering financial inclusion. Accion Opportunity Fund Inc accomplishes this mission through training and mentoring programs, thereby improving the financial health of its members. The organization's mission is to construct robust microfinance institutions that can effectively serve these communities, ultimately contributing to their economic growth and well-being.

    Impact

    This information is meant to be a general summary of Accion Opportunity Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Accion Opportunity Fund Inc's impact is evident in its mission to assist in building world-class microfinance institutions in the United States. By enhancing economic development and individuals' self-sufficiency through increased access to credit and promoting financial inclusion and health, Accion Opportunity Fund is helping hard-working entrepreneurs improve their lives. Through training and mentoring programs for members of low-to-moderate income communities, Accion Opportunity Fund is making a tangible difference in enhancing the well-being of families, communities, and local economies. This organization's efforts are crucial for fostering community improvement and driving economic empowerment at a grassroots level.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $995
  • Program Service Revenue: $0
  • Gross Receipts: $4,910,082

    • Assets and Liabilities:
  • Total Assets: $7,253,387
  • Total Liabilities: $1,070,531
  • Net Assets: $6,182,856
  • Organization Details

    Founding Year

    2011

    Principal Officer

    Eric Trux

    Main Address

    111 WEST ST JOHN STREET 800, SAN JOSE, CA, 95113

    NTEE Category

    Code: S03 - Community improvement

    If you are a representative of Accion Opportunity Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.