2024-11-15T16:43:03-06:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 470994982 OPPORTUNITY INTERNATIONAL NICARAGUA INC OPPO 9522210193 3000 S HULEN STREET STE 124 1044 FORT WORTH TX 76109 DON GREINER TREASURER 9522210193 2024-11-15 1 1 SHELBY NETZ CPA P01405265 4147775500 2024-11-15 2023 2024-10-15 13:58:12Z DAVID KONE 3000 S HULEN STREET STE 124 1044 FORT WORTH TX 76109 9176677 0 X WWW.OPPORTUNITYNICARAGUA.ORG X 2014 IL THE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION OF THE POOR, THEIR FAMILIES, (SEE SCH O) AND THE COMMUNITIES IN WHICH THEY LIVE. 14 6 1 15 52062 51062 1385293 2181968 1561943 583403 57374 71568 33780 1393889 3038390 4230828 59933 1201992 0 0 1024209 1283789 0 0 0 1953832 2340622 3037974 4826403 416 -595575 4779824 5637382 1651485 3055340 3128339 2582042 THE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION OF THE POOR, THEIR FAMILIES, AND THE COMMUNITIES IN WHICH THEY LIVE. 0 0 3292281 1201992 1239754 OPERATE FOOD PROCESSING PLANT IN LOCAL COMMUNITY TO BETTER PRODUCT PLACEMENT IN THE VALUE CHAIN, CREATE JOBS, AND BETTER LIVING CONDITIONS THROUGH TRAINING IN FINANCIAL LITERACY, MODELING IMPROVED AGRICULTURE METHODS, AND SPONSORING ENTREPRENEURSHIP THAT WILL LEAD TO SUSTAINABLE LIVELIHOODS. 493760 54634 OPERATE A LOCAL SCHOOL IN THE COMMUNITY WITH AN EMPHASIS IN TRAINING IN AGRICULTURE AND HOSPITALITY INDUSTRIES THAT WILL LEAD TO SUSTAINABLE LIVELIHOODS. 91416 528769 WORK LOCALLY WITH RESIDENTS TO BETTER THE COMMUNITY, CREATE JOBS, AND BETTER LIVING CONDITIONS THROUGH TRAINING IN FINANCIAL LITERACY, MODELING IMPROVED AGRICULTURE METHODS, SPONSORING ENTREPRENEURSHIP, AND PROVIDING EDUCATION THAT WILL LEAD TO SUSTAINABLE LIVELIHOODS. 3877457 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 11 0 1 1 1 1 1 NU 0 0 0 0 0 0 0 0 0 0 X 14 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X JAN VAN OORT 9522210193 3000 S HULEN STREET STE 123 1044 FORT WORTH TX 76109 X DAVID KONE CEO 20.00 30.00 X X 358800 0 2776 DAVID ALLMAN PRESIDENT 5.00 1.00 X X 0 0 0 DONNA ALLMAN SECRETARY 5.00 X X 0 0 0 DON GREINER TREASURER 5.00 1.00 X X 0 0 0 ANGIE BASTIAN DIRECTOR 5.00 X 0 0 0 BOB LUPTON DIRECTOR 5.00 X 0 0 0 DAN BASTIAN DIRECTOR 5.00 X 0 0 0 DAVID WIEGMAN DIRECTOR 5.00 X 0 0 0 FLORIDA ELLIS DIRECTOR 5.00 X 0 0 0 JEANNIE BUCKNER DIRECTOR 5.00 X 0 0 0 MARK THOMPSON DIRECTOR 5.00 1.00 X 0 0 0 SHELLIE GREINER DIRECTOR 5.00 X 0 0 0 STEPHEN LAVEY DIRECTOR 5.00 X 0 0 0 THOMAS GUERARD DIRECTOR 5.00 1.00 X 0 0 0 358800 0 2776 1 0 1 0 0 275000 1906968 2181968 SHARED SERVICES REVENU 110000 528769 528769 SCHOOL TUITION 611110 54634 54634 583403 71568 52062 19506 6185603 4945849 1239754 1239754 MISCELLANEOUS INCOME 900099 154135 154135 154135 4230828 1823157 52062 173641 X 1201992 1201992 361576 361576 908160 891465 16695 6091 6091 1130 1130 6832 6832 8961 8961 35247 35247 915210 819370 95840 27412 19231 8181 10766 10766 487945 467329 20616 36070 127 35943 29190 29190 248153 229415 18738 22143 13969 8174 BAD DEBT EXPENSE 103334 103334 FUEL 66618 34879 31739 UNRELATED BUS INC TAX 21239 21239 328334 53103 275231 4826403 3877457 948946 0 56257 225204 164525 424962 1100529 1191457 13097 0 360195 495127 116294 102425 2789182 1733611 1026748 1055571 484927 554280 600000 600000 857252 988356 4779824 5637382 612790 203374 800000 500000 225000 525000 13695 1826966 1651485 3055340 X 2643411 1961211 484928 620831 3128339 2582042 4779824 5637382 X -595575 56912 -7634 X X 0 1 X 1 0 X 1196159 825245 2057359 1385293 2181968 7646024 1196159 825245 2057359 1385293 2181968 7646024 438967 7207057 3291 57360 71568 132219 10066 75447 33780 154135 273428 8051671 6167772 0.89510 0.86700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 10,066. 2021 AMOUNT: $ 75,447. 2022 AMOUNT: $ 33,780. 2023 AMOUNT: $ 154,135. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64824 64824 1141953 720302 421651 1363012 942724 420288 219393 70585 148808 1055571 INVESTMENT IN PROSPERA FOODS INC 600000 F 600000 DUE FROM RELATED PARTY 984424 OTHER ASSETS 3932 988356 DUE TO RELATED PARTIES 1826966 1826966 X PART X, LINE 2: OPPORTUNITY INTERNATIONAL NICARAGUA, INC. HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. 0 CENTRAL AMERICA AND THE CARIBBEAN 1 238 THE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION OF THE POOR, THEIR FAMILIES, AND THE COMMUNITIES THE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION OF THE POOR, THEIR FAMILIES, AND THE COMMUNITIES 2755920 1 238 0 0 1 238 2755920 0 2755920 CENTRAL AMERICA AND THE CARIBBEAN TO SUPPORT THE ORGANIZATION'S MISSION TO TO CARE FOR MARGINALIZED YOUTH IN THE BARRIOS OF NICARAGUAN CITIES. 1201992 CASH 0 1 0 0 0 0 0 0 0 PART I, LINE 2: NEW SCHOLARSHIP RECIPIENTS ARE CHOSEN ANNUALLY BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED BY AN INDEPENDENT COMMITTEE. CONTINUING SCHOLARSHIP PAYMENTS ARE MADE TO SCHOLARSHIP RECIPIENTS ONLY AFTER VERIFYING VALID TUITION PAYMENTS HAVE BEEN MADE AND REQUIRED GRADES HAVE BEEN MAINTAINED. X X 0 0 0 0 0 0 0 1 0 DAVID KONE CEO 163800 0 195000 0 0 0 1646 0 1130 0 361576 0 0 0 PART I, LINE 7 THE CEO RECEIVED BONUS COMPENSATION OF $195,000 DURING 2023, RELATED TO HIS WORK FOR BOTH THE FILING ORGANIZATION AND PROSPERA FOODS, INC., A RELATED CORPORATION,. DAVID ALLMAN DIRECTOR WORKING CAPITAL X 200000 140000 0 1 1 FLORIDA ELLIS DIRECTOR WORKING CAPITAL X 50000 20000 0 1 1 JEANNIE BUCKNER DIRECTOR WORKING CAPITAL X 25000 10000 0 1 1 SHELLIE GREINER DIRECTOR WORKING CAPITAL X 200000 140000 0 1 1 MARK THOMPSON DIRECTOR WORKING CAPITAL X 200000 140000 0 1 1 THOMAS GUERARD DIRECTOR WORKING CAPITAL X 25000 10000 0 1 1 ANGIE BASTIAN DIRECTOR WORKING CAPITAL X 100000 40000 0 1 1 500000 SCHEDULE L, PART II: ALL LOANS LISTED IN THIS SECTION HAVE A WRITTEN AGREEMENT IN PLACE AND ARE ACCRUING INTEREST. THE AMOUNT OF ACCRUED INTEREST IS REFLECTED AS A CURRENT LIABILITY ON FORM 990, PART X. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING DIRECTORS HAVE A FAMILY RELATIONSHIP: DAVID ALLMAN AND DONNA ALLMAN, DON GREINER AND SHELLIE GREINER, AND DAN BASTIAN AND ANGIE BASTIAN. THE FOLLOWING DIRECTORS HAVE A BUSINESS RELATIONSHIP AND ALSO SERVE AS DIRECTORS OF PROSPERA FOODS, INC., A BENEFIT CORPORATION OWNED BY OIN: ANGIE BASTIAN, DON GREINER, DAVID ALLMAN, MARK THOMPSON, DAN BASTIAN, AND DAVID KONE. FORM 990, PART VI, SECTION B, LINE 11B STAFF PREPARES DETAILED INFORMATION FROM INTERNAL REPORTS AND FINANCIAL STATEMENTS AND SENDS TO BAKER TILLY ADVISORY GROUP, LP. SVP - FINANCE OF OPPORTUNITY INTERNATIONAL REVIEWS THE DRAFT PREPARED BY BAKER TILLY AND DISCUSSES COMMENTS AND QUESTIONS WITH BAKER TILLY. AFTER REVIEW IS COMPLETE, THE 990 IS DISTRIBUTED TO THE OPPORTUNITY INTERNATIONAL NICARAGUA BOARD OF DIRECTORS AND THE RETURN IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IT IS AN ANNUAL REQUIREMENT FOR ALL EMPLOYEES AND DIRECTORS TO SIGN THE CONFLICT OF INTEREST STATEMENTS. DISCLOSURES ARE TO BE MADE BY EMPLOYEES TO THE CHIEF EXECUTIVE OFFICER (CEO). IN THE CASE OF THE CEO AND OTHER DIRECTORS, CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD CHAIR, OR IN THE CASE OF THE BOARD CHAIR TO THE RISK AND AUDIT COMMITTEE. IF A CONFLICT OF INTEREST IS DETERMINED, THE RESPONSIBLE PERSON(S) ARE RECUSED/EXCLUDED FROM ALL DISCUSSIONS IN CONNECTION WITH THE PROPOSED TRANSACTION. FINANCE DEPARTMENT MONITORS RELATED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY IS NOT PUBLISHED. FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1: DAVID KONE RECEIVED COMPENSATION FROM OPPORTUNITY INTERNATIONAL NICARAGUA, INC. FOR SERVICES RENDERED AS CEO OF BOTH OPPORTUNITY INTERNATIONAL NICARAGUA, INC. AND PROSPERA FOODS, INC. HIS ANNUAL COMPENSATION IS DETERMINED USING COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 819,370. MANAGEMENT AND GENERAL EXPENSES 95,840. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 915,210. FORM 990, PART XI, LINE 9: EXCHANGE RATE LOSS -7,634. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. PROSPERA FOODS INC 3000 S HULEN STREET STE 123 1044 FORT WORTH TX 76109 853310844 MARKET DISTRIBUTION OF AGRICULTURAL GOODS PRODUCED BY OIN PA OPPORTUNITY INTERNATIONAL NICARAGUA C 2726080 3778565 0.75000 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 PROSPERA FOODS INC A 52062 MONTHLY INTEREST RATE PROSPERA FOODS INC C 275000 BOARD APPROVED AMOUNT PROSPERA FOODS INC Q 528769 ACTUAL AMOUNT PAID PROSPERA FOODS INC E 1321531 LOAN BALANCE PROSPERA FOODS INC G 4945849 AMOUNT PURCHASED