2024-06-28T07:59:09-07:00 2023-12-31 201403280 FULTON & KOZAK LLC 7187 JONESBORO RD STE 100A MORROW GA 30260 990 2023-01-01 954378084 OPERATION HOPE INC OPER 4049412919 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 BRIAN BETTS PRESIDENT/CFO 2024-06-26 true BRIAN BETTS 999009999 true SHEILA M KOZAK CPA P00687026 7709614200 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z BRIAN BETTS 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 37648028 false X WWW.OPERATIONHOPE.ORG X 1992 CA Operation HOPEs mission is to expand economic opportunity in underserved communities through financial education and empowerment by offering programs that create stabilized communities and financial stakeholders. 10 9 429 605 0 38330680 37054555 0 52909 587107 10800 2700 38394389 37644362 1467714 1186313 0 22633701 29083544 0 2783666 11980399 9397429 36081814 39667286 2312575 -2022924 45411250 41731591 8840845 7255417 36570405 34476174 X Operation HOPEs mission is to expand economic opportunity in underserved communities through financial education and empowerment by offering programs that create stabilized communities and financial stakeholders. false false 24632742 HOPE INSIDE - HOPE Inside gives clients the resources to improve their financial situations. Through our 700-credit score initiative, we approve clients as soon as they seek assistance, commit to the resolution of primary credit denial factors, and raised FICO scores an average of 41 points. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business, and Credit & Money Management. In 2023, HOPE provided 278,369 adult services and expanded our HOPE Inside network to 260 locations. Our clients achieved the following: Increased savings by $1,116 and reduced debt by $1,892. 3032452 502906 Youth HOPEs Banking on our Future (BOOF) program has operated in 304 U.S. cities and 3 provinces in South Africa and has educated over 1 million youth. The program is the recipient of the 11th John Sherman Award for Financial Education given by the US Treasury Department. HOPEs Business in A Box Academies (HBIABA) is a national initiative to harness the economic energy of Youth and bring positive role models into underserved communities. HOPEs Child Savings Account (CSA) program provides qualifying Atlanta Public Schools (APS) kindergartners with a free savings account and a one-time deposit of $50. The savings accounts are a starting point reserved for expenses related to post-secondary education and career preparation. In 2023, HOPE impacted and serviced 10,141 youth and young adults. 1533618 500 1MBB HOPEs 1 Million Black Businesses initiative (1MBB) provides the black community a successful path to wealth creation through sustainable and profitable business ownership. 1MBB participants can take advantage of coaching and educational services, access to expert volunteers and more. The 1MBB Initiative is an extension of the HOPE Small Business program with access to additional resources as made possible by support from key 1MBB partners. HOPEs team of dedicated Small Business Coaches can help entrepreneurs and new or existing small business owners identify their key needs and then provide the education, coaching and connections needed to improve their businesses. From program inception to date, HOPE has supported more than 388,703 unique black-owned businesses, which accounts for approximately 10% of all black-owned businesses in the U.S. 2426668 682907 31625480 true true false false false false false false false false true false false false true true true false false false false false false false false false false false true true false false false true false false false true true false false false true false false false false true 490 0 false 429 true false true OC false false false true true false 0 false false false false false false false X 10 9 false false false false false false false true true false false true true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X X BRIAN BETTS PRESIDENT CFO 4049412920 191 PEACHTREE ST STE 3840 ATLANTA GA 30303 JOHN BRYANT Chairman/CEO 40.00 0.00 X X 662145 0 22782 BRIAN BETTS PRESIDENT/CFO 40.00 0.00 X 356008 0 17768 RACHAEL DOFF SEVP/CAO 40.00 0.00 X 273711 0 16595 KEVIN BOUCHER EVP, CHIEF COMM. & STRAT OFFICER 40.00 0.00 240819 0 1726 LANCE TRIGGS EVP, PROGRAMS 40.00 0.00 222835 0 13546 MARY HAGERTY EVP, PARTNERSHIP 40.00 0.00 208579 0 19104 JENNIFER WOLFORD EVP, CHIEF INNOVATION OFFICER 40.00 0.00 218892 0 5535 NICOLE PIETRO SVP, CHIEF DEVELOPMENT OFFICER 40.00 0.00 182380 0 15505 JAMES EDWARD EBERHART EVP, CHIEF EXPERIENCE OFFICER 40.00 0.00 158919 0 5277 RODRICK MCGREW EVP, CHIEF CULTURAL OFFICER 40.00 0.00 154074 0 2146 WILLIAM FAIR DIR. 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CULTIVAT 40.00 0.00 139928 0 8701 KEITH HARRIS EVP, CHIEF PEOPLE 40.00 0.00 146915 0 1157 JENA ROSCOE SVP, GOVT RELATION 40.00 0.00 134721 0 7100 ERIC KAPLAN EVP, FL4A 22.00 0.00 138627 0 1578 EVELYN DUCOULOMBIER SVP, C&C AFFAIRS 40.00 0.00 119873 0 10536 LISA BORDERS BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL AROUGHETI BOARD MEMBER 1.00 0.00 X 0 0 0 BRYAN JORDAN BOARD MEMBER 1.00 0.00 X 0 0 0 TIM WELSH BOARD MEMBER 1.00 0.00 X 0 0 0 JED YORK BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY WENNES BOARD MEMBER 1.00 0.00 X 0 0 0 BRAD HANSON BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK MARTELL BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN RYAN ESQ BOARD MEMBER 1.00 0.00 X 0 0 0 3358426 149056 17 false true false ROD MCGREW 8306 WILSHIRE BLVD STE 484 BEVERLY HILLS CA 90211 CONSULTATION 146500 PER SE MEDIA GROUP LLC 2221 PEACHTREE RD NE STE D510 ATLANTA GA 30309 MEDIA SERVICES 354614 2 4363952 32690603 57781 37054555 0 590773 590773 0 0 2700 2700 2700 2700 3666 -3666 -3666 -3666 0 0 0 0 37644362 589807 0 1186313 1186313 0 0 3507479 1861651 869573 776255 0 21498895 18823558 1793058 882279 0 2229865 1820510 226491 182864 1847305 1467068 212185 168052 0 690715 690715 74762 74762 0 0 0 2908791 2116055 580484 212252 328161 219144 96017 13000 1282966 979971 184581 118414 0 0 426354 223860 150141 52353 903302 529999 44687 328616 0 1100508 1100508 117799 117799 0 811994 727501 72969 11524 308450 238509 48501 21440 TELECOMMUNICATION 385705 326333 42896 16476 IN-KIND GOODS 57781 4500 53281 OTHER 141 141 0 39667286 31625480 5258140 2783666 3014159 2068683 1586286 5255037 32656929 27589883 0 0 0 0 0 196166 233365 7633704 4103416 4008918 3530288 2047917 1392478 0 0 0 1900875 1661857 45411250 41731591 4194680 3718094 2702371 1801016 1943794 1736307 8840845 7255417 X -777074 -5912734 37347479 40388908 36570405 34476174 45411250 41731591 X -2022924 113693 -185000 X false true X true true true X 18619174 25431479 45308407 38145680 37054555 164559295 0 0 18619174 25431479 45308407 38145680 37054555 164559295 37874676 126684619 13689 21106 5234 63709 593473 697211 0 5295 642 5937 165262443 0.76660 0.74530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100000 1100000 700000 23077 676923 994290 798538 195752 4682539 3238072 1444467 156875 43729 113146 3530288 OPERATING LEASES LIABILITY 1736307 1736307 X 71640000 113693 33881945 33995638 37644362 37644362 73734231 33881945 185000 34066945 39667286 39667286 Part X : FIN48 Footnote HOPEs application of ASC 740 regarding uncertain tax positions had no effect on its financial position as management believes HOPE has no material unrecognized income tax benefits, including any potential risk of loss of its not-for-profit status. HOPE would account for any potential interest or penalties related to possible future liabilities for unrecognized income tax benefits as income tax expense. HOPE is no longer subject to examination by federal, state or local tax authorities for periods before 2020. Part XII, Line 2d: Other expenses and losses per audited F/S BAD DEBT $185000 true 0 0 CLIENT ASSISTANCE-CCAP 486 668531 FMV CLIENT ASSISTANCE-HELPING HAND FUND 2 4876 FMV CLIENT INCENTIVE 2227 512906 FMV Grantmaker's Description of How Grants are Used 1MBB PITCH COMPETITION - OPERATION HOPE PROVIDED AN INCENTIVE TO A WINNING PARTICIPANT IN AN ELEVATOR PITCH COMPETITION HELD IN MAY 2023. PARTICIPANTS PITCHED THEIR BUSINESSES TO A PANEL OF EXPERT JUDGES. THE JUDGES SELECTED THE WINNER WHO WOULD THEN RECEIVE THE INCENTIVE. THE INFORMATION OF THE WINNER AND SUPPORTING DOCUMENTATION WERE PROVIDED TO THE ACCOUNTING DEPARTMENT FROM THE HOPE DIRECTOR OVER THE PROGRAM TO REVIEW AND PROCESS THE PAYMENTS. THE CFO PROVIDED PAYMENT APPROVALS PRIOR TO DISTRIBUTION OF FUNDS.YOUNG ADULT PROGRAM GRADUATE INCENTIVE OPERATION HOPE PROVIDED SIX MONTHS OF FINANCIAL LITERACY AND EMPOWERMENT CURRICULUM THROUGH PERSONAL FINANCIAL COACHING FOR BUDGETING, SAVING, IMPROVING CREDIT SCORES, AND ESTABLISHING AND MANAGING CREDIT. IN ADDITION TO COMPLETING THE PROGRAM, GRADUATES ALSO RECEIVED $1,000 TO BEGIN SAVING, INVESTING, OR PAYING DOWN DEBT IN HONOR OF THEIR NEWLY LEARNED FINANCIAL LITERACY SKILLS. THE LIST OF GRADUATES AND SUPPORTING DOCUMENTION WAS PROVIDED BY OPERATION HOPE COACHES TO THE ACCOUNTING DEPARTMENT TO PROCESS PAYMENTS. THE CFO PROVIDED PAYMENT APPROVALS PRIOR TO DISTRIBUTION OF FUNDS.CHILD SAVINGS ACCOUNT - THE HOPE CHILD SAVINGS ACCOUNT (CSA) PROGRAM PROVIDES QUALIFYING ATLANTA PUBLIC SCHOOL (APS) KINDERGARTNERS WITH A FREE SAVINGS ACCOUNT AND A ONE-TIME DEPOSIT OF $50. THE SAVINGS ACCOUNT, MANAGED BY OPERATION HOPE, WILL BE A STARTING POINT FOR SAVINGS RESERVED FOR EXPENSES RELATED TO POST-SECONDARY EDUCATION AND CAREER PREPARATION. HOPE AND APS WILL WORK TOGETHER TO CREATE OTHER OPPORTUNITIES FOR ADDITIONAL INCENTIVE DEPOSITS. STUDENTS AND THEIR FAMILIES WILL BE ENCOURAGED TO ADD TO THE SAVINGS ACCOUNTS AS WELL. THE ELIGIBLE LIST OF STUDENTS IS PROVIDED BY APS TO THE DIRECTOR OF THE PROGRAM AND A SAVINGS ACCOUNT IS SETUP FOR EACH STUDENT. ACCOUNT STATUS, AS WELL AS CONTINUED ELIGIBILITY, IS MANAGED BY A THIRD-PARTY PORTAL PROVIDED BY THE BANKING INSTITUTION IN WHICH THE ACCOUNTS ARE DEPOSITED AND HELD. UPON GRADUATION FROM AN APS HIGHSCHOOL, THE ACCOUNTING DEPARTMENT WILL BE PROVIDED WITH ACCOUNT BALANCES AND SUPPORTING DOCUMENTATION TO REVIEW AND PROCESS PAYMENTS. CFO WILL APPROVE ALL PAYMENTS PRIOR TO DISTRIBUTION OF FUNDS. X X true true X X X false false false false false false false false false BRIAN BETTS PRESIDENT/CFO 286008 70000 9900 7868 373776 JAMES EDWARD EBERHART EVP, CHIEF EXPERIENCE OFFICER 151419 7500 4768 509 164196 JENNIFER WOLFORD EVP, CHIEF INNOVATION OFFICER 193639 25253 4893 642 224427 JOHN BRYANT Chairman/CEO 552145 110000 9900 12882 684927 KEVIN BOUCHER EVP, CHIEF COMM. & STRAT OFFICER 194819 46000 1137 589 242545 LANCE TRIGGS EVP, PROGRAMS 191335 31500 1017 12529 236381 MARY HAGERTY EVP, PARTNERSHIP 180229 28350 6575 12529 227683 NICOLE PIETRO SVP, CHIEF DEVELOPMENT OFFICER 165055 17325 962 14543 197885 RACHAEL DOFF SEVP/CAO 228711 45000 6902 9693 290306 RODRICK MCGREW EVP, CHIEF CULTURAL OFFICER 154074 608 1538 156220 Part I, Line 1a: Relevant information in regards to selections on 1a. JOHN BRYANT FOUNDER, CH SEE PART V X 2500000 2500000 false true true 2500000 JOHN BRYANT FOUNDER, CHAIR,CEO 2700 SEE PART V false Schedule L, Part V Supplemental Information The Promise Homes CompanyOperation HOPE received $0 and $25,000 in membership from The Promise Homes Company (TPHC) in 2023 and 2022 respectively. As a member, TPHC provided their residents with access to Operation HOPEs financial coaching services.Operation HOPE received $2,700 and $10,644 in 2023 and 2022 respectively for rent and office expenses associated with two workspaces provided for The Promise Homes Company. Operation HOPE received $0 and $11,750 in 2023 and 2022 respectively for HOPE Inside Adult workshops and sessions as well as Youth programming to residents of The Promise Homes Company.The Founder, Chairman and CEO of Operation HOPE serves as a managing partner at The Promise Homes Company (TPHC), which is an owner of single-family residential properties for working class and middle-class communities. He receives compensation through distributions upon sale of assets.Bryant Family FoundationOperation hope received a pledge of $12,500 from Bryant Family Foundation in 2022. The pledge was restricted to the youth program and was outstanding as of December 2023. the founder, chairmain and ceo of operation hope served in a similar capacity with bryant family foundation, which provides nominal financial grants to select individuals from underserved communities, primarily those who are pursuing their dreams through higher education.John and Chaitra BryantOperation HOPE received a multi-year pledge of $2,500,000 from John and Chaitra Bryant in 2021 that is to be paid in 2029.The pledge was restricted to $1,250,000 directed to the benefit of employees, $750,000 to fund Operation HOPEs endowment, $200,000 for Operation HOPEs One Million Black Businesses (1MBB) initiative, $200,000 for Operation HOPEs Financial Literacy For All (FL4A) initiative, and $100,000 for capacity building.Board MembersHOPEs board members included representatives from banks where the debt is held.Many of HOPEs board members are representatives from banks where HOPEs programs are offered. As part of the program, HOPE has donated office space at some bank locations. In addition, the banks make annual donations to HOPE for these programs. X EVENTS 3 16660 FMV X MATERIALS 4 8486 FMV X ELECTRONICS 2 11420 FMV X EXPO 2 21215 FMV false true false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: 1MBB HOPEs 1 Million Black Businesses initiative (1MBB) provides the black community a successful path to wealth creation through sustainable and profitable business ownership. 1MBB participants can take advantage of coaching and educational services, access to expert volunteers and more. The 1MBB Initiative is an extension of the HOPE Small Business program with access to additional resources as made possible by support from key 1MBB partners. HOPEs team of dedicated Small Business Coaches can help entrepreneurs and new or existing small business owners identify their key needs and then provide the education, coaching and connections needed to improve their businesses. From program inception to date, HOPE has supported more than 388,703 unique black-owned businesses, which accounts for approximately 10% of all black-owned businesses in the U.S. OTHER PROGRAM SERVICES 5: CCAP - HOPEs Closing Cost Assistance Program (CCAP) provides closing cost assistance for clients in partnership with Fulton Bank. In 2023, the CCAP program helped clients get approved for $947,000 in closing cost assistance grants and securing more than $130 million in mortgage lending. Since inception, this partnership has assisted in allocating more than $10 million in down-payment assistance grants to help clients obtain more than 6,900 funded mortgage loans totaling more than $1.13 billion dollars. OTHER PROGRAM SERVICES 6: FL4A- HOPE Financial Literacy for All is a national initiative to embed financial literacy into American culture, led by a prominent group of leaders from business, sports, entertainment and nonprofit sectors. This 10-year initiative will reach millions of youths and working adults by making financial literacy fun, while engaging them where they live, work, and celebrate. As of 2023, FL4A coalition members cumulative impact includes 2.1 million youths educated; 3.4 million adults educated; and 1.4 million employees educated. Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED AND APPROVED BY THE CFO AND AUDIT COMMITTEE PRIOR TO SUBMISSION TO THE GOVERNING BOARD FOR FINAL APPROVAL BEFORE FILING. Form 990, Part VI, Section B, Line 12c Directors are required to submit conflict of interest questionnaires to the board's governance committee. Directors are also requested to notify the full board if any conflicts of interest arises between surveys. Form 990, Part VI, Section B, Line 15a the exec compensation committee of the board of directors reviews the compensation annually for the officers and executive leadership. Form 990, Part VI, Section B, Line 15b the exec compensation committee of the board of directors reviews the compensation annually for the officers and executive leadership. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S ACCOUNTANT PROVIDES A COPY OF FORM 990 SPECIFICALLY FOR PUBLIC INSPECTION. THE ORGANIZATION POSTS A COPY OF FORM 990 TO the agency website,GUIDESTAR, and charity navigator along with making the return available upon request. Form 990, Part XI, Line 9 BAD DEBT = -$185000 HOPE ADVISORS LLC 191 PEACHTREE ST NE STE 3840 ATLANTA GA 30303 208380765 CONSULTING GA OPERATION HOPE INC OPERATION HOPE PROPERTIES LLC 191 PEACHTREE ST NE STE 3840 ATLANTA GA 30303 REAL ESTATE GA 1800000 OPERATION HOPE INC false false false false false false false false false false false false false false false false false false false