Overview
What is Opportunity International Inc?
Opportunity International Inc, also known as Opportunity International-Us, is a tax-exempt, publicly supported faith-based corporation headquartered in Chicago, Illinois. They provide financial solutions, support, and training to empower people living in poverty in developing countries to build sustainable income, educate their children, and escape generational poverty. Their initiatives are funded through charitable donations and earned income from banking operations. Opportunity International partners with local financial institutions to deploy funds and financial services to clients, releasing over $2.7 billion in FY2022 to help 18.7 million individuals, primarily women, build and improve small businesses and local schools. Additionally, their EduFinance and AgFinance programs reached over 10.1 million children and 150,000 households, respectively. With a workforce of 78 employees, their mission is to transform lives, futures, and communities by empowering individuals to break free from poverty.
Official website here: www.opportunity.org
Is Opportunity International Inc legitimate?
Opportunity International Inc D/B/A Opportunity International-Us is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity International Inc D/B/A Opportunity International-Us 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: $926,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,674,925
For more financial information, click here
Official website here: www.opportunity.org
What is the mission statement of Opportunity International Inc?
Opportunity International Inc, also known as Opportunity, is a tax-exempt, publicly supported faith-based corporation committed to empowering individuals living in poverty in developing countries. Through financial solutions, support, and training, the organization enables these people to build sustainable incomes, educate their children, and escape generational poverty. Opportunity's programs are financed through charitable donations and earned income from its banking operations. The corporation focuses on deploying local funds and financial services, provided by partner banks and other financial institutions, to its clients. In FY2022, Opportunity and its partner organizations served 18.7 million loan clients, primarily women, and reached over 10.1 million children through education finance programs and over 150,000 households through agriculture finance. Microbanking catalyzed $2.6 billion in loans, creating over 1.8 million jobs through those loans.
Official website here: www.opportunity.org
Who is the CEO of Opportunity International Inc?
Atul Tandon is the Ceo of Opportunity International Inc D/B/A Opportunity International-Us. The CEO's salary of Opportunity International Inc is $109,040 and their total compensation is $131,186.
Official website here: www.opportunity.org
What is the revenue of Opportunity International Inc?
Opportunity International Inc D/B/A Opportunity International-Us's revenue in 2022 was $48,533,715.
Official website here: www.opportunity.org
Who are the executives of Opportunity International Inc and what are their salaries?
The average compensation at Opportunity International Inc during 2022 was $135,922. There are 78 employees and 80 volunteers at Opportunity International Inc.
Here are 21 key members and their salaries (Opportunity International Inc's CEO's salary is $109,040 and their total compensation is $131,186):
- Atul Tandon (Ceo) [Trustee/Director]
- Randy Kurtz (Exec Vp, Int'L Programs & Cap Solutions)
- Mark K Lutz (Svp, Philanthropy)
- Mauricio Agudelo Rincon (Vp, Corporate Development)
- Gregory E Roth (Svp, Philanthropy)
- Margaret Tomasik (Svp Finance & Treasurer)
- Dennis W Ripley (Chief Program Officer)
- Amelia S Haiduc (Managing Director, Strateg)
- David Wiegman (Chief Of Staff & Secretary)
- Mary Barry (Director, Office Of Ceo & Asst Sec)
- Katey Assem (Director)
- Leann Pope (Chair) [Trustee/Director]
- Jane Nelson (Director)
- Susan Haigh (Director)
- Joel Johnson (Director)
- Dale Patterson (Director)
- Carol Pelino (Director)
- Fred Sasser (Director)
- Ken Wathome (Director)
- Gregory James Nelson (Director)
- Janelle Muntz Lassonde (Director)
Official website here: www.opportunity.org
Where can I find the form 990 for Opportunity International Inc?
The Opportunity International Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.opportunity.org
Learn more at the official website: www.opportunity.org
Mission Statement of Opportunity International Inc
Opportunity International Inc, also known as Opportunity International-Us, is a tax-exempt, publicly supported faith-based corporation dedicated to making a difference in the lives of people living in poverty around the world. Through its financial solutions, support, and training, Opportunity empowers individuals to build sustainable income sources, educate their children, and break free from generational poverty.
By financing its programs through charitable donations, earned income from its banking operations, and deploying local funds and financial services provided by partner banks and other financial institutions, Opportunity International-Us transforms lives, improves children's futures, and revitalizes communities. In the fiscal year 2022, this organization and its partners served a remarkable 18.7 million clients, with 97% being women.
The transformative work of Opportunity International-Us extends to education. Through its EduFinance programs, over 10.1 million children have been reached in 8,400 schools. This commitment to education not only benefits children but also their families, contributing significantly to the communities they live in. Moreover, through its AgFinance programs, over 150,000 households have been served, helping smallholder farmers improve their livelihoods and food security.
The microbanking initiatives of Opportunity International-Us have catalyzed an impressive $2.6 billion in loans and generated over 1.8 million jobs. This impactful work continues to strengthen local economies and create opportunities for sustainable development. By providing access to financial services and empowering individuals to take control of their financial futures, Opportunity International-Us is making a lasting difference in the lives of millions.
Impact
This information is meant to be a general summary of Opportunity International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Opportunity International Inc's impact is significant and far-reaching. In FYE 2022, Opportunity and its partners served 18.7 million clients, with 97% of them being women. Through their programs, they empower people living in poverty in developing countries to build sustainable incomes, educate their children, and break the cycle of generational poverty. Their edu-finance programs reached over 2 million children in 8,400 schools, while agri-finance programs reached over 100,000 smallholder farmers.
Additionally, Opportunity and their 105 partner financial institutions released over $2.7 billion to help low-income clients build and improve small businesses and local schools. Cumulatively, their education finance programs have reached over 10.1 million children, and their agriculture finance initiatives have reached over 150,000 households. Through microbanking, Opportunity catalyzed $2.6 billion in loans, creating over 1.8 million jobs.
This impactful work is transforming the lives of individuals, shaping the futures of their children, and positively impacting their communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROFINANCE REVENUE
Revenue
$15,248,258
GOVERNMENT CONTRACTS
Revenue
$3,140,305
PROGRAM SERVICE REVENUE
Revenue
$261,130
Organization Details
Founding Year
1971
Phone
(312) 487-5000
Principal Officer
Atul Tandon
Main Address
101 N WACKER DR SUITE 1150, CHICAGO, IL, 60606
Website
www.opportunity.org
NTEE Category
Code: Q30 - International
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