2025-01-29T11:34:36-06:00 2023-12-31 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2023-01-01 753070026 INCREASING HOPE INCR 8432254343 8570 RIVERS AVE STE 120 NORTH CHARLESTON SC 29406 DOROTHEA BERNIQUE EXECUTIVE DIRECTOR 8432254343 2025-01-29 1 0 ZOE DAVIS P01057590 8438813315 2025-01-28 2023 2025-03-06 01:10:19Z DOROTHEA BERNIQUE 8570 RIVERS AVE STE 120 NORTH CHARLESTON SC 29406 670519 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. 10 10 17 18 0 0 952058 627453 7217 21141 12 32 -13537 466 945750 649092 0 0 0 0 502529 582206 0 0 7517 281363 366556 783892 948762 161858 -299670 359123 201183 194095 246995 165028 -45812 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 178366 FINANCIAL EDUCATION: THE FINANCIAL EDUCATION PROGRAM IS A CORNERSTONE OF INCREASING H.O.P.E'S EFFORTS TO EMPOWER THE COMMUNITY. THIS PROGRAM OFFERS A RANGE OF SERVICES, INCLUDING FINANCIAL LITERACY CLASSES THAT HAVE BEEN ATTENDED BY 177 INDIVIDUALS. THESE CLASSES PROVIDE CRUCIAL KNOWLEDGE ABOUT BUDGETING, SAVING, AND MANAGING PERSONAL FINANCES. THE PROGRAM ALSO ENCOMPASSES HOUSING AND CREDIT COUNSELING, WITH 71 COUNSELING SESSIONS CONDUCTED IN THE PAST YEAR. THE COMPREHENSIVE APPROACH OF THE FINANCIAL EDUCATION PROGRAM ENSURES THAT COMMUNITY MEMBERS HAVE THE TOOLS AND KNOWLEDGE NECESSARY TO MAKE INFORMED FINANCIAL DECISIONS AND WORK TOWARDS LONG-TERM ECONOMIC STABILITY. 251321 21141 SMALL BUSINESS DEVELOPMENT TRAININGS:INCREASING H.O.P.E ALSO FOCUSES ON FOSTERING ENTREPRENEURSHIP AND SUPPORTING SMALL BUSINESSES THROUGH ITS SMALL BUSINESS DEVELOPMENT TRAININGS. THIS INITIATIVE IS DESIGNED TO HELP ASPIRING AND EXISTING BUSINESS OWNERS GAIN THE SKILLS NEEDED TO START AND GROW THEIR BUSINESSES SUCCESSFULLY. THE PROGRAM INCLUDES A RANGE OF TRAINING EVENTS, WITH 89 EVENTS HELD OVER THE PAST YEAR, PROVIDING VALUABLE GUIDANCE ON BUSINESS PLANNING, MARKETING, FINANCIAL MANAGEMENT, AND MORE. THESE TRAININGS HAVE BECOME A VITAL RESOURCE FOR ENTREPRENEURS, PARTICULARLY WOMEN, THROUGH THE I-HOPE WOMEN'S BUSINESS CENTER AND THE BUSINESS SUCCESS CENTER. BY EQUIPPING SMALL BUSINESS OWNERS WITH ESSENTIAL SKILLS, THE PROGRAM CONTRIBUTES TO ECONOMIC DEVELOPMENT AND JOB CREATION WITHIN THE COMMUNITY. 40535 VITA TAX PROGRAM:FOR OVER 15 YEARS, THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM HAS BEEN A BEACON OF SUPPORT FOR LOW-INCOME INDIVIDUALS AND FAMILIES. THIS PROGRAM PROVIDES FREE TAX PREPARATION SERVICES, ENSURING THAT CLIENTS MAXIMIZE THEIR REFUNDS AND CREDITS. THE VITA PROGRAM'S IMPACT IS SUBSTANTIAL, WITH A TOTAL OF $654,564 IN TAX REFUNDS PROCESSED, HIGHLIGHTING ITS ROLE IN HELPING FAMILIES IMPROVE THEIR FINANCIAL SITUATIONS. BY ALLEVIATING THE STRESS ASSOCIATED WITH TAX PREPARATION AND ENSURING COMPLIANCE WITH TAX LAWS, THE VITA PROGRAM FOSTERS FINANCIAL WELL-BEING AND RESILIENCE AMONG PARTICIPANTS. 340497 340497 810719 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 1 5 0 1 17 1 0 0 0 0 0 1 1 0 1 0 0 0 X 10 10 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 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 JON STROUD DIRECTOR 0.50 X 0 0 0 CHRIS KOVACH DIRECTOR 0.50 X 0 0 0 ANGELIA WILLIAMS DIRECTOR 0.50 X 0 0 0 DOROTHEA BERNIQUE EXECUTIVE DIRECTOR 60.00 X 64054 0 0 DONNA D'AMATO CHAIR 1.00 X X 0 0 0 IORDANIS KARAGIANNIDIS TREASURER 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 64054 0 0 0 0 0 0 0 169699 457754 627453 FINANCIAL TRAINING 611430 21141 21141 21141 32 32 21893 21427 466 466 649092 21141 0 498 64053 49111 14146 796 477210 365886 105390 5934 362 362 40581 31039 9048 494 3600 3600 16964 16964 32324 32324 18997 18997 65800 65800 71452 71452 13718 13718 13635 12408 954 273 10547 9539 988 20 CONTRACT SERVICES 49781 49781 DOWN PAYMENT ASSISTANAC 36015 36015 TRAINING 12046 12046 TELEPHONE AND CONNECTIV 11090 11090 10587 10587 948762 810719 130526 7517 92766 56641 61057 2216 205300 0 68174 24270 0 43904 0 98422 359123 201183 10384 24400 140399 169695 96212 194095 246995 X 165028 -138895 93083 165028 -45812 359123 201183 X -299670 15000 73830 0 X 0 1 X 1 0 X 90195 223983 370332 952058 627453 2264021 90195 223983 370332 952058 627453 2264021 2264021 501 2 12 32 547 2264568 0.99980 0.99800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68174 24270 43904 43904 OPERATING RIGHT OF USE ASSET 95484 CLOSING COSTS 2938 98422 PINNABLE LINE OF CREDIT 56212 SC COMMUNITY LOAN LOAN FUND 40000 96212 X 664092 15000 15000 649092 0 649092 948762 0 948762 0 948762 FORM 990 SCHEDULE D THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ALL REQUIRED INFORMATION RETURNS HAVE BEEN TIMELY FILED. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ORGANIZATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2023. THE ORGANIZATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, IN MISCELLANEOUS FUNCTIONAL CATEGORY AND TO REPORT PENALTIES AS OTHER EXPENSE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. X X X X X SC PGA GOLF 21893 21893 21427 21893 21893 21427 21427 466 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. FORM 990 PART XI RECONCILIATION OF NET ASSETS LINE 8 PRIOR PERIOD ADJUSTMENT DUE TO IMPLEMENETATION OF TOPIC 842 TO INCLUDE THE OPERATING LEASE IN THE FINANCIAL STATEMENTS.