ACCION OPPORTUNITY FUND INC Charity Report

Public IRS 990 nonprofit record

ACCION OPPORTUNITY FUND INC

EIN 45-4127501 · Professional Societies & Associations - Community Improvement & Capacity Building (S03)

What they do

ACCION OPPORTUNITY FUND. INC. (AOF) WAS INCORPORATED ON DECEMBER 7, 2011. THE MISSION of AOF is to ASSIST IN BUILDING WORLD CLASS MICROFINANCE INSTITUTIONS IN THE UNITED STATES to ENHANCE ECONOMIC DEVELOPMENT and INDIVIDUALS SELF SUFFICIENCY THROUGH (SEE SCH. O) INCREASING ACCESS to CREDIT and OTHERWISE PROMOTING FINANCIAL INCLUSION and FINANCIAL HEALTH THROUGH TRAINING and MENTORING for MEMBERS of LOW-TO-MODERATE INCOME COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

505.17%of revenue went to mission work76.3% of expenses · Program services

$662.34spent for every $100 of revenueSpending was higher than revenue this year.

157.17%of revenue went to management and office costs23.7% of expenses

$2.43in assets for every $1 spent this yearSome assets cannot be spent right away.

2,197.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,168,831 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $42,049 for DAVID COULTAS (CHIEF FINANICAL AND OPERATING OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$207,850

Mission workProgram services$1,050,000505.17% of revenue76.3% of expenses

ManagementOffice and general costs$326,681157.17% of revenue23.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,376,681662.34% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.3% mission · 23.7% management · 0.0% fundraisingTotal expenses: 662.34% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 273.10% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 1,010.37% of revenue

2021Expense mix: 76.9% mission · 10.6% management · 12.4% fundraisingTotal expenses: 95.56% of revenue

2020Expense mix: 67.0% mission · 22.4% management · 10.7% fundraisingTotal expenses: 61.30% of revenue

2018Expense mix: 86.2% mission · 9.9% management · 3.9% fundraisingTotal expenses: 86.31% of revenue

2017Expense mix: 86.0% mission · 9.4% management · 4.6% fundraisingTotal expenses: 131.45% of revenue

2016Expense mix: 82.0% mission · 14.2% management · 3.8% fundraisingTotal expenses: 78.96% of revenue

Money in and money out

Revenue$207,850

Expenses$1,376,681

Annual shortfall $1,168,831 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,050,000 · 76.3% of expenses

Management and office costs$326,681 · 23.7% of expenses

See all reported dollar amounts

Revenue$207,850

Expenses$1,376,681

Assets$3,349,201

Income$207,850

Contributions$4,568,000

Mission work (program services)$1,050,000

Grants given$6,030,961

Average grant$241,238

Management and general$326,681

Executive compensation (total)$528,773

Accounting fees$42,750

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID COULTASCHIEF FINANICAL AND OPERATING OFFICER · 2 hrs/week $42,049Base · Other $42,049

LUZ DE LOURDES LOPEZ URRUTIACHIEF EXECUTIVE OFFICER · 2 hrs/week $25,996Base · Other $25,996

ANNA SCHEMBERCHIEF OF STAFF · 2 hrs/week $18,934Base · Other $18,934

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

DAVID COULTASCHIEF FINANICAL AND OPERATING OFFICER

LUZ DE LOURDES LOPEZ URRUTIACHIEF EXECUTIVE OFFICER

ANNA SCHEMBERCHIEF OF STAFF

KARTHIK VENKATARAMANDIRECTOR

TODD BAKERDIRECTOR

SWATI BHATIASECRETARY

SOLANA COZZODIRECTOR

SAMUEL RAMOSDIRECTOR

PHIL BLACKDIRECTOR

PARKER HUDNUTDIRECTOR

MICHAEL SCHLEINDIRECTOR

MADELEINE FACKLERDIRECTOR

LATA KRISHNANDIRECTOR

JUANITA LOTTDIRECTOR

JONI CROPPERDIRECTOR

GREG AVISBOARD CHAIR

GOPI BILADIRECTOR

DICKSON CHUDIRECTOR

DIANA TAYLORDIRECTOR

DEBRA ENGELDIRECTOR

CARETHA COLEMANVICE CHAIR

BRIAN GRAHAMDIRECTOR

About this charity

Recognized since: January 2014
Location: 111 WEST ST JOHN STREET 800, SAN JOSE, CA 95113
County: Santa Clara
In care of: DAVID COULTAS
Primary officer: DAVID COULTAS, CHIEF FINANCIAL & OPERATING OFFICER

How to reach them

WebsiteVisit the charity’s website Emailservicio@aofund.org Phone(408) 297-0204

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ARMANINO ADVISORY LLC
NTEE classification: Professional Societies & Associations - Community Improvement & Capacity Building (S03)
IRS tax category: Professional Societies & Associations
Grant-giving organization: Yes