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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star Rating.
Accion Opportunity Fund Inc has achieved a perfect score of 100% on Charity Navigator, indicating exemplary accountability and financial health. With a Four-Star rating, the organization demonstrates a strong commitment to transparency and effective management, highlighted by its majority independent board and comprehensive policies against conflicts of interest and asset diversion.
The organization excels in various financial metrics, including a program expense ratio of 77.65%, suggesting that a significant portion of its budget is dedicated to its mission-driven programs. This focus on programmatic spending reflects well on its operational strategies and the organization’s effectiveness in utilizing funds for impactful initiatives.
Additionally, the organization maintains a solid liabilities to assets ratio of 14.14%, showcasing fiscal responsibility. Overall, Accion Opportunity Fund Inc stands out for its robust governance practices and transparency, though no significant limitations were noted in the available data.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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?
There 24 volunteers at Accion Opportunity Fund Inc.
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):
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- Related: $373,205
- Other: $21,492
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- Related: $299,704
- Other: $21,168
- Compensation: $0
- Related: $295,143
- Other: $21,346
- Compensation: $0
- Related: $78,924
- Other: $4,291
Official website here: www.us.accion.org
Where can I find the form 990 for Accion Opportunity Fund Inc?
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.
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Impact
July, 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.
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.
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: $995
- Gross Receipts: $4,910,082
Assets and Liabilities:
- Total Assets: $7,253,387
- Total Liabilities: $1,070,531
- Net Assets: $6,182,856
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Organization Details
Founding Year
2011
Phone
(408) 297-0204Principal Officer
Eric Trux
Main Address
111 WEST ST JOHN STREET 800, SAN JOSE, CA, 95113
Website
www.us.accion.orgNTEE Category
Code: S03 - Community improvement
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