Overview
What is Opportunity Transformation Investments Inc?
Opportunity Transformation Investments Inc is a nonprofit organization situated in Chicago, Illinois. The primary objective of this organization is to invest and hold ownership positions in micro-finance institutions, aiming to support the economically disadvantaged population. By doing so, they contribute to the financial well-being of those in need, fostering financial inclusion and empowerment.
Official website here: www.opportunity.org
Is Opportunity Transformation Investments Inc legitimate?
Opportunity Transformation Investments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Transformation Investments 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $414,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.opportunity.org
What is the mission statement of Opportunity Transformation Investments Inc?
Opportunity Transformation Investments Inc's mission revolves around investing and maintaining ownership in micro-finance institutions. The primary goal is to serve the economically disadvantaged population. By investing in these institutions, the company aims to provide them with the necessary financial support and resources, thereby contributing to their growth and sustainability. This, in turn, helps in empowering the poor by providing them with access to financial services, thereby improving their economic circumstances.
Official website here: www.opportunity.org
Who is the CEO of Opportunity Transformation Investments Inc?
Atul Tandon is the President of Opportunity Transformation Investments Inc.
Official website here: www.opportunity.org
What is the revenue of Opportunity Transformation Investments Inc?
Opportunity Transformation Investments Inc's revenue in 2022 was -$522,397.
Official website here: www.opportunity.org
Who are the executives of Opportunity Transformation Investments Inc and what are their salaries?
There 6 volunteers at Opportunity Transformation Investments Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $523,755
- Other: $27,983
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $234,128
- Other: $23,393
- Compensation: $0
- Related: $177,483
- Other: $30,149
- Compensation: $0
- Related: $395,781
- Other: $35,541
- Compensation: $0
- Related: $256,396
- Other: $28,064
Official website here: www.opportunity.org
Where can I find the form 990 for Opportunity Transformation Investments Inc?
Opportunity Transformation Investments 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 Transformation Investments Inc
Opportunity Transformation Investments Inc, as its name suggests, is dedicated to making a significant impact in the lives of those in need. The organization's mission is unique and focused, involving the investment and ownership of micro-finance institutions. These institutions serve a crucial role, providing financial assistance to individuals who often fall outside the scope of traditional banking services. By investing in and holding ownership positions in these micro-finance institutions, Opportunity Transformation Investments Inc aims to extend a helping hand to the impoverished sector of society. This strategic approach allows the organization to play a pivotal role in empowering individuals and communities, helping them to overcome financial barriers and build a more stable future.
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Impact
October, 2024
Opportunity Transformation Investments Inc plays a crucial role in enhancing economic opportunities for underserved populations by investing in microfinance institutions. By holding ownership positions in these institutions, it empowers them to provide essential financial services to individuals living in poverty. This support fosters financial inclusion, enabling access to credit, savings, and other financial products that can help improve livelihoods and stimulate local economies.
Based in Chicago, Illinois, the organization's strategic investments contribute to community improvement by facilitating entrepreneurship and self-sufficiency among the poor. By focusing on microfinance, Opportunity Transformation Investments Inc not only aids in alleviating immediate financial barriers but also promotes long-term developmental changes in communities, enhancing resilience and promoting sustainable growth.
This information is meant to be a general summary of Opportunity Transformation Investments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: -$522,397
- Gross Receipts: $159,984
Assets and Liabilities:
- Total Assets: $26,056,405
- Total Liabilities: $305,887
- Net Assets: $25,750,518
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Organization Details
Founding Year
2000
Phone
(800) 793-9455Principal Officer
Atul Tandon
Main Address
101 N WACKER DR SUITE 1150, CHICAGO, IL, 60606
Website
www.opportunity.orgNTEE Category
Code: S31 - Community improvement
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