Opportunity International - U.S.
Opportunity Transformation Investments
Women's Opportunity Fund
By providing financial solutions, support and training, empowers people living in poverty in developing countries to build sustainable incomes, educate their children, and escape generational poverty. Invests in and holds ownership positions in microfinance institutions serving the poor.
| Entity | Document Type | Tax ID |
|---|---|---|
| Opportunity International, Inc. and Affiliates | Consolidated Audited Financial Statements | Multiple |
| Opportunity International, Inc. | IRS Form 990 | 54-0907624 |
| Opportunity Transformation Investments, Inc. | IRS Form 990 | 36-4382506 |
|
Entity: Opportunity International, Inc. and Affiliates Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
|
Entity: Opportunity International, Inc. Document Type: IRS Form 990 Tax ID: 54-0907624 |
|
Entity: Opportunity Transformation Investments, Inc. Document Type: IRS Form 990 Tax ID: 36-4382506 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Atul Tandon | CEO | $645,054 |
| 2 | Randy Kurtz | Executive VP, International Programs & Capital Solutions | $423,498 |
| 3 | Gregory E. Roth | Senior VP, Philanthropy | $294,403 |
|
1 Name: Atul Tandon Title: CEO Compensation: $645,054 |
|
2 Name: Randy Kurtz Title: Executive VP, International Programs & Capital Solutions Compensation: $423,498 |
|
3 Name: Gregory E. Roth Title: Senior VP, Philanthropy Compensation: $294,403 |
CharityWatch's rating of Opportunity International (Opportunity) also includes the financial activities of the Opportunity affiliates consolidated in its audited financial statements for the fiscal year ended September 30, 2024, including Opportunity Transformation Investments. All intercompany transactions have been eliminated in the audit consolidation. "Accounts of only the majority owned subsidiaries - banks and nongovernmental organizations - of Opportunity are included in the consolidated financial statements...Accounts of Implementing Partners, given that these are aligned but independent entities, are not included in these consolidated financial statements," according to Note 1 of the Opportunity International consolidated audit of September 30, 2024. Therefore, the financial activities of Opportunity's local "Implementing Partners" organizations that operate independently are not included in CharityWatch's rating of Opportunity International. |
According to the Opportunity International and Affiliates consolidated audit of September 30, 2024 (Note 7, Discontinued Operations): "Because banking activities are a major part of OTI's operations and financial results, OTI has determined
that the decision to divest of majority ownership positions in banks represents a strategic shift.
Accordingly, the assets and liabilities of the banking activities located in Ghana have been segregated
and reported as held for sale in the consolidated statement of financial position as of September 30,
2024...Furthermore, all banking activities have been reported as
discontinued operations in the consolidated statement of activities for all periods presented. Opportunity
expects the process of dilution of its shareholdings in Opportunity Bank Ghana to minority status to be
extended given the unsettled economic conditions in Ghana, including inflation rates between 23% and
39% during 2023 and 2024 and continuing currency devaluation." |
According to the Opportunity International and Affiliates consolidated audit of September 30, 2024 (Note 13, Related-Party Transactions): "Included in program services in the consolidated statement of activities are grant expenses of $4,231,649 and $3,936,453 in 2024 and 2023, respectively, which relate to disbursements made by Opportunity to its affiliated organizations..." [The $4,231,649 in grant disbursements made by Opportunity to its affiliated member organizations, noted above, represents approximately 14% and 11% of Opportunity's cash-based program expenses and total expenses, respectively, in fiscal 2024.] |
According to the Opportunity International and Affiliates consolidated audit of September 30, 2024 (Note 15, Subsequent Events, Termination of Cooperative Agreement and subcontracts): "On February 25, 2025, Opportunity received notice that two subcontracts for Education finance programs in Zambia and Tanzania were terminated. All work on the contracts was stopped. Effective February 26, 2025, USAID terminated the Cooperative Agreement for Advancing Partnerships for Improved Learning for the convenience and the interests of the U.S. Government. Opportunity has requested reimbursement for allowable expenses related to the termination and closing out of the Cooperative Agreement." |
According to the Opportunity International (OI) tax filing for the fiscal year ended September 30, 2024, OI includes in its reporting for Compensation Information re: Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees, "Bonus & incentive compensation" paid to six individuals, including $140,000 paid to Atul Tandon, CEO. The reported total compensation in calendar year 2023 for Atul Tandon is $645,054. The other five reported "Bonus & incentive compensation" payments range from $10,000 to $110,000, with associated total compensation ranging from $242,430 to $423,498 (IRS Form 990, Schedule J, Part II). |
