2012-11-14T08:54:46-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2011-01-01 540907624 OPPORTUNITY INTERNATIONAL INC D/B/A OPPORTUNITY INTERNATIONAL-US OPPO 6306454100 2122 YORK ROAD NO 150 OAK BROOK IL 60523 RICHARD C JOHN 6306454100 2012-11-08 1 ROBERT J NOWAK CPA MST P00527435 6305738600 2011 2016-02-24 21:20:13Z RICHARD C JOHN 2122 YORK ROAD OAK BROOK IL 60523 88128871 0 X WWW.OPPORTUNITY.ORG X 1971 IL OPPORTUNITY INTERNATIONAL, INC., D/B/A OPPORTUNITY INTERNATIONAL-US, IS A TAX-EXEMPT, PUBLICLY SUPPORTED CHRISTIAN-BASED CORPORATION WHOSE PURPOSE IS TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR BY ASSISTING IN THE ESTABLISHMENT OF SMALL AND MICRO BUSINESSES IN DEVELOPING COUNTRIES, 21 20 149 71 0 0 16394946 15912023 59274734 69092546 2241882 431834 1419360 2415552 79330922 87851955 14259211 11387481 0 0 10958565 11417850 0 0 7295039 85634994 87439455 110852770 110244786 -31521848 -22392831 87879375 62311832 36503692 29766367 51375683 32545465 X OPPORTUNITY INTERNATIONAL, INC., D/B/A OPPORTUNITY INTERNATIONAL-US, IS A TAX-EXEMPT, PUBLICLY SUPPORTED CHRISTIAN-BASED CORPORATION WHOSE PURPOSE IS TO CREATE EMPLOYMENT AND IMPROVE INCOME FOR THE POOR BY ASSISTING IN THE ESTABLISHMENT OF SMALL AND MICRO BUSINESSES IN DEVELOPING COUNTRIES, 0 0 75400767 46268960 GRANTS FOR REVOLVING LOANS: OI PROVIDED FUNDS TO APPROX. 46 PARTNER AGENCIES IN APPROXIMATELY 28 COUNTRIES FOR SMALL BUSINESS LOANS. THESE LOANS RESULTED IN THE CREATION OF STRENGTHENING OVER 200,000 JOBS. SEE ATTACHED ANNUAL REPORT. 7621867 7621867 7621867 OI PROVIDED FUNDS FOR PARTNER AGENCIES LENDING OPERATIONS. PARTNER AGENCIES PROVIDED CONSULTING VISITS WITH POOR BORROWERS AND POOR PARTICIPANTS ATTENDED SEVERAL SMALL BUSINESS TRAINING SEMINARS. 5772309 5772309 5772309 OI PROVIDED SUPPORT TO PARTNER AGENCIES VIA THE HOME OFFICE IN CHICAGO AND REGIONAL OFFICES. SUPPORT IN THE FORM OF OVERSIGHT, OPERATIONS CONSULTING AND PARTNER AGENCY STAFF TRAINING 2735. 11568046 11568046 11568046 OI GRANTED FUNDS TO AFFILIATE OPPORTUNITY TRANSFORMATION INVESTMENTS, INC. 11568046 11568046 11568046 100362989 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 1 90 0 1 149 1 0 1 RP 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA CT GA IL KS KY ME MD MA MI MN MS NJ NM NY NC OH OR PA RI SC TN VA WA WI AZ FL NH CO X X RICHARD C JOHN 6302424108 2122 YORK ROAD OAK BROOK IL 60523 BRADLEY BELL 5.00 X 0 0 0 JILL DAILEY SMITH 5.00 X 0 0 0 BETTY JANE HESS 5.00 X 0 0 0 JEFFREY S MEYER 5.00 X 0 0 0 THEODORE D MOSER 5.00 X 0 0 0 DEBORAH A FARRINGTON 5.00 X 0 0 0 MARK VASELKIV 5.00 X 0 0 0 SUSAN GILLETTE 5.00 X 0 0 0 DAVID L SIMMS 5.00 X 0 0 0 STEVE D COSLER 5.00 X 0 0 0 KADITA TSHIBAKA 5.00 X 0 0 0 NATHANIEL SUTTON 5.00 X 0 0 0 MARK A THOMPSON 5.00 X 0 0 0 SANDRA DAVIS 5.00 X 0 0 0 JIM HAMILTON 5.00 X 0 0 0 PETER KING 5.00 X 0 0 0 BILL MORGENSTERN 55.00 X X 274747 0 27249 JON YASUDA 55.00 X X 180564 0 27539 MARK LINSZ 5.00 X 0 0 0 BETH JOHNSTON STEPHENSON 5.00 X 0 0 0 HERVE SARTEAU 5.00 X 0 0 0 DAVID M TOLMIE 5.00 X 0 0 0 DENNIS W RIPLEY 55.00 X 148678 0 31351 RICHARD C JOHN 55.00 X 145284 0 22660 RONALD C NORGLE 55.00 X 90882 0 6241 MARK K LUTZ 55.00 X 168341 0 21476 CONNIE STRYJAK 55.00 X 133830 0 21952 JOHN R KAMPERSCHROER 55.00 X 141537 0 16083 AMY S EVANS 55.00 X 133226 0 19359 JENNIFER L MITRENGA 55.00 X 132042 0 13944 1549131 0 207854 23 0 1 0 MCKINSEY & COMPANY INC PO BOX 7247-7255 PHILADELPHIA PA 191707255 CONSULTING 510000 KPMG LLP 303 E WACKER DR CHICAGO IL 60601 AUDITING SERVICES 228280 ID8 MARKETING AND STRATEGY 311 XIMENO AVENUE LONG BEACH CA 90814 CONSULTING 206327 COSMUS JUMA KOWUOCHE PO BOX 25957 NAIROBI KE CONSULTING 151168 ENRIQUE ORDONEZ NORIEGA CARRERA 2A NO 7267 APTO 602 BOGOTA CO CONSULTING 149500 14 975454 14936569 639993 15912023 MICRO FINANCE REVENUE 522100 69092546 69092546 69092546 708750 708750 276916 -276916 -276916 -276916 OTHER INCOME 522100 2415552 2415552 2415552 87851955 71231182 0 708750 11387481 11387481 11417850 5025323 1250772 5141755 3278544 2830808 212483 235253 540604 238303 267163 35138 1949541 860341 134584 954616 167395 12959 59951 94485 11412669 11378903 33766 342952 158638 184314 76963 49856 27107 OTI BANKING OPERATING E 57648608 57648608 0 0 PROVISION FOR LOAN LOSS 8935456 8935456 0 0 GOVERNMENT AGREEMENT CL 2110158 2110158 0 0 MISCELLLANEOUS EXPENSE 1833846 1471100 86697 276049 -857281 -1744945 329921 557743 110244786 100362989 2586758 7295039 37742587 27603188 28002257 15882162 1449520 57845 17627674 10704173 728068 868466 3135815 2022100 724260 1113715 483328 5704876 1121681 377407 87879375 62311832 19927143 19084842 30199 24340 325000 16221350 10657185 36503692 29766367 X -681979 -7981519 47050037 35519359 5007625 5007625 51375683 32545465 87879375 62311832 X -22392831 3562613 X X 0 1 1 X 0 X 60101811 41814855 36784569 16394946 15912023 171008204 60101811 41814855 36784569 16394946 15912023 171008204 51839233 119168971 1078779 1026301 739124 754451 708750 4307405 -2888808 885749 1195139 1630652 2415552 3238284 178553893 352391441 0.66740 0.75900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6 16817 761091 377407 1 1 6226212 242939 6469151 6047147 179065 6226212 5744978 302169 6047147 5491846 253132 5744978 1.00000 0 0 276750 276750 2859065 2022100 836965 1113715 PCFC PHILLIPINES 77097 F COMMERCIAL SECURITES 868630 F INVESTMENT IN OTHER INSTITUTIONS 4759149 F 5704876 87851955 110244786 -22392831 517764 3044849 3562613 -18830218 98769445 517764 10399726 10917490 87851955 0 87851955 113394875 3150089 3150089 110244786 0 110244786 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: OPPORTUNITY HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION 740-10 (FORMERLY KNOWN AS FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). THE ONLY SIGNIFICANT TAX POSITION MANAGEMENT HAS IDENTIFIED IS THAT OF OPPORTUNITY'S TAX-EXEMPT STATUS. NO OTHER TAX POSITIONS, CERTAIN OR UNCERTAIN, HAVE BEEN IDENTIFIED. PART XI, LINE 8 - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION GAIN (LOSS) -1,218,200. MICRO-FINANCE ACTIVITY 6,420,796. MINORITY INTEREST 3,168,796. RETAINED EARNINGS CARRYOVER 216,319. OTHER CHANGES IN NET ASSETS -4,000,000. OTHER CHANGES IN NET ASSETS 227,620. LOAN GUARANTEE FUND - NET ASSET ADJUSTMENT -1,770,482. TOTAL TO SCHEDULE D, PART XI, LINE 8: 3,044,849. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATING ENTRIES FROM FINANCIAL STATEMENTS -316,969. INCOME RELATED TO OPPORTUNITY TRANSFORMATION INVESTMENTS, INC. 10,716,695. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATING ENTRIES FROM FINANCIAL STATEMENTS -209,490. OPPORTUNITY TRANSFORMATION INVESTMENTS EXPENSE ON SEPARATE TAX RETURN 3,359,579. 0 UNITED KINGDOM 1 12 PROGRAM SERVICES PROVIDE THE POOR ACCESS TO AFFORDABLE INSURANCE PRODUCTS 1944576 1 12 0 0 1 12 1944576 0 1944576 X CHINA LOAN FUNDS 76000 WIRE TRANSFER PHILIPPINES LOAN FUNDS, EQUIPMENT, PROJECT OPERATING COSTS AND EDUCATION SCHOLARSHIPS 900318 WIRE TRANSFER GHANA TRAINING, EQUIPMENT, PROJECT OPERATING COSTS AND LOAN FUNDS 1060100 WIRE TRANSFER UGANDA TRAINING, EQUIPMENT, PROJECT OPERATING COSTS 315300 WIRE TRANSFER MALAWI TRAINING, EQUIPMENT, PROJECT OPERATING COSTS 134262 WIRE TRANSFER COLOMBIA TRAINING, EQUIPMENT, PROJECT OPERATING COSTS & LOAN FUNDS 1113087 WIRE TRANSFER NICARAGUA LOAN FUNDS 54000 WIRE TRANSFER INDIA PROJECT OPERATING COSTS, TRAINING AND EQUIPMENT 45000 WIRE TRANSFER RWANDA PROJECT OPERATING EXPENSES 7149 WIRE TRANSFER KENYA TRAINING, EQUIPMENT, PROJECT OPERATING COSTS 15347 WIRE TRANSFER TANZANIA TRAINING, EQUIPMENT, PROJECT OPERATING COSTS 91599 WIRE TRANSFER SOUTH AFRICA LOAN FUNDS 120000 WIRE TRANSFER MOZAMBIQUE PROJECT OPERATING COSTS, TRAINING AND EQUIPMENT 781405 WIRE TRANSFER DOMINICAN REPUBLIC PROJECT OPERATING COSTS 7147 WIRE TRANSFER UNITED KINGDOM PROJECT OPERATING COSTS 16000 WIRE TRANSFER POLAND PROJECT OPERATING COSTS 6968 WIRE TRANSFER 11 12 0 0 1 0 0 0 1 X X X X 1 0 0 0 0 0 0 1 0 BILL MORGENSTERN 249747 0 25000 0 0 0 8360 0 18889 0 301996 0 0 0 JON YASUDA 180564 0 0 0 0 0 9210 0 18329 0 208103 0 0 0 DENNIS W RIPLEY 148678 0 0 0 0 0 12950 0 18401 0 180029 0 0 0 RICHARD C JOHN 145284 0 0 0 0 0 10080 0 12580 0 167944 0 0 0 MARK K LUTZ 168341 0 0 0 0 0 11704 0 9772 0 189817 0 0 0 CONNIE STRYJAK 133830 0 0 0 0 0 9408 0 12544 0 155782 0 0 0 JOHN R KAMPERSCHROER 126537 0 15000 0 0 0 2074 0 14009 0 157620 0 0 0 AMY S EVANS 133226 0 0 0 0 0 1068 0 18291 0 152585 0 0 0 PART I, LINE 7 THE NON-FIXED PAYMENTS ARE ADDITIONAL PAY FOR ACHIEVING SPECIFIED TARGETS AND GOALS. TED MOSER BOARD MEMBER 40000 `COMPENSATION PAID FOR CONSULTING SERVICES 0 X 1895 COMPARABLE VALUE X 2 343200 COMPARABLE VALUE X 32 57022 COST X COMPUTER EQUIPMENT 2 18485 MARKET VALUE X PROFESSIONAL FEES 3 216280 COMPARABLE VALUE X TRAVEL EXPENSES 4 3111 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND AUDITED FINANCIAL STATEMENTS AND SENDS TO CLIFTONLARSONALLEN LLP. CONTROLLER AND CFO OF OPPORTUNITY INTERNATIONAL REVIEW THE DRAFT PREPARED BY CLA AND DISCUSS COMMENTS AND QUESTIONS WITH CLA. FINAL DRAFT OF 990 IS PRESENTED TO FINANCE COMMITTEE FOR REVIEW. AFTER REVIEW IS COMPLETE, A RECOMMENDATION IS MADE TO THE OPPORTUNITY INTERNATIONAL BOD TO APPROVE THE 990. IF APPROVED, THE RETURN IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS AN ANNUAL REQUIREMENT TO SIGN THE CONFLICT OF INTEREST STATEMENTS. ALL CONFLICTS ARE REVIEWED BY DESIGNATED BOARD MEMBERS. FINANCE DEPARTMENT MONITORS RELATED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S TOP OFFICERS MUST BE APPROVED BY A COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY IS NOT PUBLISHED. FINANCIAL STATEMENTS ARE AVAILABLE ON THE OPPORTUNITY INTERNATIONAL WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 517,764. FOREIGN CURRENCY TRANSLATION GAIN (LOSS) -1,218,200. MICRO-FINANCE ACTIVITY 6,420,796. MINORITY INTEREST 3,168,796. RETAINED EARNINGS CARRYOVER 216,319. OTHER CHANGES IN NET ASSETS -4,000,000. OTHER CHANGES IN NET ASSETS 227,620. LOAN GUARANTEE FUND - NET ASSET ADJUSTMENT -1,770,482. TOTAL TO FORM 990, PART XI, LINE 5: 3,562,613. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MICRO INSURANCE AGENCY HOLDINGS LLC 2122 YORK ROAD OAK BROOK IL 60523 205488780 PROVIDE THE POOR ACCESS TO AFFORDABLE AND APPROPRIATE INSURANCE PRODUCTS IL 895832 3880200 OPPORTUNITY INTERNATIONAL OPPORTUNITY TRANSFORMATION INVESTMENTS 2122 YORK ROAD OAK BROOK IL 60523 364382506 TO INVEST AND HOLD OWNERSHIP POSITIONS IN MICRO-FINANCE INSTITUTIONS. IL 501(C)(3) 170(B)(1)(A)(VI) OPPORTUNITY INTERNATIONAL 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 OPPORTUNITY TRANSFORMATION INVESTMENTS B 11568046 OPPORTUNITY TRANSFORMATION INVESTMENTS K 454053 OPPORTUNITY TRANSFORMATION INVESTMENTS A 2500 2% INTEREST ON OUTSTANDING LOAN OPPORTUNITY TRANSFORMATION INVESTMENTS D 125000