2023-09-01T08:35:08-05:00 2022-12-31 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2022-01-01 753070026 INCREASING HOPE INCR 8432254343 8570 RIVERS AVE 120 NORTH CHARLESTON SC 29406 IORDANIS KARAGIANNIDIS PHD TREASURER 8432254343 2023-09-01 1 IORDANIS KARAGIANNIDIS PHD 999009999 0 ZOE DAVIS P01057590 8438813315 2023-09-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOROTHEA BERNIQUE 8570 RIVERS AVE 120 NORTH CHARLESTON SC 29406 962587 0 X WWW.INCREASINGHOPE.ORG X 2005 SC THE MISSION OF INCREASING H.O.P.E FINANCIAL TRAINING CENTER IS TO CREATE FINANCIAL FREEDOM AND STABILITY FOR FAMILIES IN SOUTH CAROLINA BY BUILDING ASSETS THROUGH FINANCIAL EDUCATION AND TRAINING. 9 9 17 18 0 0 370332 952058 78346 7217 2 12 0 -13537 448680 945750 0 0 0 0 280677 502529 0 0 36104 220613 281363 501290 783892 -52610 161858 127870 359123 124700 194095 3170 165028 X THE MISSION OF INCREASING H.O.P.E FINANCIAL TRAINING CENTER IS TO CREATE FINANCIAL FREEDOM AND STABILITY FOR FAMILIES IN SOUTH CAROLINA BY BUILDING ASSETS THROUGH FINANCIAL EDUCATION AND TRAINING. 0 0 137625 FINANCIAL EDUCATION: AMERICANS DEMONSTRATE RELATIVELY LOW LEVELS OF FINANCIAL LITERACY AND HAVE DIFFICULTY APPLYING FINANCIAL DECISION-MAKING SKILLS TO REAL LIFE SITUATIONS. STUDY PARTICIPANTS WERE ASKED FIVE QUESTIONS COVERING ASPECTS OF ECONOMICS AND FINANCE ENCOUNTERED IN EVERYDAY LIFE. IN SOUTH CAROLINA, 65% ARE UNABLE TO ANSWER MORE THAN THREE OF THE FIVE QUESTIONS CORRECTLY. ALSO, MOST AMERICANS DO NOT COMPARISON SHOP FOR CREDIT CARDS, WITH 54% SAYING THAT IN OBTAINING THEIR MOST RECENT CREDIT CARD THEY DID NOT COLLECT AND COMPARE INFORMATION ABOUT CARDS FROM MORE THAN ONE COMPANY. INDIVIDUALS NEED AT LEAST A FUNDAMENTAL LEVEL OF FINANCIAL UNDERSTANDING. THIS KNOWLEDGE, PAIRED WITH FINANCIAL DECISION-MAKING SKILLS, CAN BEST ENSURE AN INDIVIDUAL'S FINANCIAL CAPABILITY. IN 2021, DESPITE COVID-19, INCREASING HOPE PIVOTED TO ONLINE TRAINING AND PROVIDED TRAINING FOR 174 INDIVIDUALS HELPING TO INCREASE KNOWLEDGE AND SKILLS OF FAMILIES IN THE AREA OF PERSONAL FINANCE. THIS TRAINING INCLUDED EDUCATING SMALL BUSINESS OWNERS ON THE PAYCHECK PROTECTION PLAN AS WELL AS EIDL LOANS. 193916 7217 HOUSING COUNSELING: A HOME IS AN ASSET THAT ALLOWS STABILITY, FOSTERS LONG-TERM THINKING, AND BUILDS BOTH FINANCIAL EQUITY AND COMMITMENT TO A NEIGHBORHOOD. HOMEOWNERSHIP IS ALSO THE PRIMARY MEANS THROUGH WHICH MOST AMERICANS BUILD WEALTH. WHILE NOT A MEASURE OF HOME EQUITY, THE RATE OF HOMEOWNERSHIP PROVIDES AN INDICATION OF HOW MANY FAMILIES IN A STATE HAVE THE OPPORTUNITY TO BUILD WEALTH IN THE FORM OF HOME EQUITY. SOUTH CAROLINA HAS A HOMEOWNERSHIP RATE OF 69.3% WITH THE TRI-COUNTY AREA BEING JUST ABOVE THE STATE AVERAGE IN ALL THREE COUNTIES AS INDICATED. CHARLESTON 65% BERKELEY: 70% AND DORCHESTER: 71.1% INCREASING HOPE PROVIDED HOUSING COUNSELING TO MORE THAN 50 INDIVIDUALS CREATING 5 NEW HOMEOWNERS AND 2 HOMES SAVED FROM FORECLOSURE. 31276 FREE TAX PREPARATION: THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) GRANT PROGRAM IS AN IRSINITIATIVE DESIGNED TO SUPPORT FREE TAX PREPARATION SERVICE FOR THEUNDERSERVED THROUGH VARIOUS PARTNER ORGANIZATIONS. THIS SERVICEHELPS LOW- TO MODERATE-INCOME INDIVIDUALS, PERSONS WITH DISABILITIES,THE ELDERLY, AND LIMITED ENGLISH SPEAKERS FILE THEIR TAXES EACH YEAR.IN 2021, WITH THE HELP OF SEVERAL FAITHFUL VOLUNTEERS, INCREASING H.O.P.E.PREPARED THE TAX RETURNS OF 529 INDIVIDUALS AND FAMILIES,RESULTING IN A COMMUNITY IMPACT OF $741,061.00 IN TAX REFUND DOLLARS. NOT INCLUDED IN THAT IMPACT IS THE UNREALIZED SAVINGS FOR THESE FOLKS WHO OTHERWISE WOULD HAVE SOUGHT TO HAVE THEM PREPARED FOR A FEE. THAT IN AND OF ITSELF RESULTED IN OVER $200,000 BEING RETURNED TO THOSE TAX PAYERS AND THE COMMUNITY BASED ON THE AVERAGE OF OVER $300 BEING CHARGED JUST TO DO A SIMPLE RETURN. 262724 262724 625541 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X DOROTHEA BERNIQUE 8432254343 8570 RIVERS AVE STE 120 NORTH CHARLESTON SC 29406 IORDANIS KARAGIANNIDIS DIRECTOR 0.50 X 0 0 0 TRINA CARTER DIRECTOR 0.50 X 0 0 0 JILL WHISONANT DIRECTOR 0.50 X 0 0 0 RYAN BENTON DIRECTOR 0.50 X 0 0 0 DOROTHEA BERNIQUE EXECUTIVE DIRECTOR 40.00 X 70164 0 0 DONNA D'AMATO CHAIR 1.00 X X 0 0 0 GARY LOADHOLT VICE CHAIR 1.00 X X 0 0 0 LAURA BATES SECRETARY 1.00 X X 0 0 0 KIMBERLY OTEY TREASURER 1.00 X X 0 0 0 ELMIRE RAVEN PAST CHAIR 0.50 X X 0 0 0 70164 0 0 0 0 0 0 0 314773 637285 952058 FINANCIAL TRAINING 611430 7217 7217 7217 12 12 3300 16837 -13537 -13537 945750 7217 0 -13525 70163 63849 4911 1403 390147 355034 27310 7803 42219 38420 2955 844 16521 16521 34116 13879 4625 15612 25770 25255 515 630 340 145 145 71133 51216 15649 4268 2472 2472 8200 3854 4100 246 COMPUTER EQUIPMENT RENT 42404 29259 11025 2120 DIRECT EXPENSES 30000 17100 11700 1200 OFFICE PROGRAM SUPPLIES 29705 16932 11585 1188 CONTRACT SERVICES 7000 3990 2730 280 13412 6413 6519 480 783892 625541 122247 36104 126870 92766 1000 61057 205300 127870 359123 500 0 49400 24400 74800 169695 124700 194095 X 3170 165028 3170 165028 127870 359123 161858 0 X 0 0 0 X 81241 90195 223983 370332 952058 1717809 81241 90195 223983 370332 952058 1717809 1717809 501 2 12 515 2892 2892 1721216 0.99800 0.99620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PINNACLE DOWN PAYMENT PROGRAM 36011 PINNABLE LINE OF CREDIT 73634 SC COMMUNITY LOAN LOAN FUND 60050 169695 FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF THE FORM 990 PREPARED BY THE CERTIFIED PUBLIC ACCOUNTANT IS PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. THEN THE FORM 990 IS TAKEN TO THE FULL BOARD FOR APPROVAL BEFORE BEING SIGNED BY THE EXECUTIVE OFFICER AND SUBMITTED TO THE IRS AND THE STATE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY (PART VI, LINE 12) THE EXECUTIVE DIRECTOR AND BOARD DEVELOPMENT COMMITTEE ARE RESPONSIBLE FOR MAINTAINING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY PERSONNEL IS TAKEN UP IN COMMITTEE, DISCUSSED AND BROUGHT TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC (PART VI, LINE 19) A COPY OF THE 990 IS AVAILABLE DURING BUSINESS HOURS AT THE ORGANIZATION'S OFFICE AND ONLINE AT GUIDESTAR.