Overview
What is Opportunity International Nicaragua Inc?
Opportunity International Nicaragua Inc is a nonprofit organization situated in Fort Worth, Texas. Their primary focus is to improve the livelihoods of the impoverished by operating a food processing plant within the local community. This initiative aims to enhance product placement within the value chain, create job opportunities, and elevate living conditions through various means. These methods include financial literacy training, promoting improved agriculture practices, and sponsoring entrepreneurship. Ultimately, the goal is to encourage sustainable livelihoods for the community.
Official website here: www.opportunitynicaragua.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars
Opportunity International Nicaragua Inc has received a rating indicating that the organization needs improvement, with a score of 73%. While the charity demonstrates a strong Program Expense Ratio of nearly 78%, which suggests a significant portion of its funds are directed towards its programs, there are notable concerns regarding its financial transparency and governance.
The organization has a low percentage of independent board members at 42%, which raises questions about the potential for conflicts of interest. Additionally, while it has implemented various governance policies such as a conflict of interest and whistleblower policy, it fell short in providing necessary financial statements and tax forms, receiving a zero in those categories.
Despite these limitations, the organization has successfully maintained a good liabilities to assets ratio, signifying sound financial management in that regard. Overall, while Opportunity International Nicaragua Inc has strengths in its program spending and governance policies, addressing its transparency and board independence is essential for enhancing its accountability and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity International Nicaragua Inc legitimate?
Opportunity International Nicaragua Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity International Nicaragua 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: $361,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,160
For more financial information, click here
Official website here: www.opportunitynicaragua.org
What is the mission statement of Opportunity International Nicaragua Inc?
Opportunity International Nicaragua Inc's mission is centered around promoting the economic, social, and spiritual transformation of impoverished individuals, their families, and the communities they inhabit. This organization strives to achieve this by operating a food processing plant within a local community, thereby improving product placement in the value chain, creating job opportunities, and enhancing living conditions through financial literacy training, modeling improved agricultural methods, and sponsoring entrepreneurship that leads to sustainable livelihoods.
Official website here: www.opportunitynicaragua.org
Who is the CEO of Opportunity International Nicaragua Inc?
David Kone is the CEO of Opportunity International Nicaragua Inc The CEO's salary of Opportunity International Nicaragua Inc is $358,800 and their total compensation is $361,576.
Official website here: www.opportunitynicaragua.org
What is the revenue of Opportunity International Nicaragua Inc?
Opportunity International Nicaragua Inc's revenue in 2023 was $4,230,828.
Official website here: www.opportunitynicaragua.org
Who are the executives of Opportunity International Nicaragua Inc and what are their salaries?
The average compensation at Opportunity International Nicaragua Inc during 2023 was $1,269,736. There is 1 employee and 15 volunteers at Opportunity International Nicaragua Inc.
Here are 14 key members and their salaries (Opportunity International Nicaragua Inc's CEO's salary is $358,800 and their total compensation is $361,576):
- Compensation: $358,800
- Related: $0
- Other: $2,776
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.opportunitynicaragua.org
Where can I find the form 990 for Opportunity International Nicaragua Inc?
Opportunity International Nicaragua Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.opportunitynicaragua.org
Learn more at the official website: www.opportunitynicaragua.org
Mission Statement of Opportunity International Nicaragua Inc
Opportunity International Nicaragua Inc is dedicated to bringing about economic, social, and spiritual transformation in the lives of the impoverished, their families, and the communities they reside in. The organization strives to achieve this mission by operating a food processing plant within a local community, thereby improving the placement of their products in the value chain, creating job opportunities, and enhancing living conditions through various means. Opportunity International Nicaragua Inc employs strategies such as financial literacy training, promoting improved agriculture methods, and fostering entrepreneurship to ensure sustainable livelihoods. By implementing these initiatives, the nonprofit aims to contribute to the overall development and upliftment of the poor, their families, and the communities they serve.
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Impact
July, 2024
Opportunity International Nicaragua Inc is making a significant impact by focusing on the economic, social, and spiritual transformation of the poor, their families, and the communities in which they live. By operating a food processing plant in the local community, they are enhancing product placement in the value chain, creating job opportunities, and improving living conditions. Through initiatives such as training in financial literacy, implementing improved agriculture methods, and supporting entrepreneurship, they are facilitating the development of sustainable livelihoods. This holistic approach is empowering individuals and communities to break the cycle of poverty and create a more hopeful future.
This information is meant to be a general summary of Opportunity International Nicaragua 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 2023.
- Investment Income: $71,568
- Program Service Revenue: $583,403
- Gross Receipts: $9,176,677
Assets and Liabilities:
- Total Assets: $4,779,824
- Total Liabilities: $1,651,485
- Net Assets: $3,128,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SERVICES REVENU
Revenue
$528,769
SCHOOL TUITION
Revenue
$54,634
Organization Details
Founding Year
2014
Principal Officer
David Kone
Website
www.opportunitynicaragua.orgNTEE Category
Code: Q30 - International
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