Operation Hope Inc is located in Atlanta, GA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Operation Hope Inc employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Operation Hope Inc generated $45.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $26.0m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION HOPE IS A FOR-PURPOSE ORGANIZATION WORKING TO DISRUPT POVERTY AND EMPOWER INCLUSION FOR LOW AND MODERATE-INCOME YOUTH AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT 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 WORK TO RAISE FICO SCORES ON AVERAGE OF 47 POINTS. PROGRAMS OFFERED: FINANCIAL LITERACY WORKSHOPS, ENTREPRENEURIAL TRAINING AND COUNSELING FOR FORECLOSURE PREVENTION, MONEY MANAGEMENT, HOMEOWNERSHIP, SMALL BUSINESS AND CREDIT. IN 2021, HOPE PROVIDED 193,899 ADULT SERVICES AND EXPANDED OUT HOPE INSIDE NETWORK TO 182 LOCATIONS. OUR CLIENTS ACHIEVED THE FOLLOWING: INCREASED SAVINGS BY $295, REDUCED DEBT BY $2,632, OBTAINED $278 MILLION IN MORTGAGE LOANS AND STARTED 909 NEW SMALL BUSINESSES, OF WHICH 78% WERE OWNED BY WOMEN AND MINORITIES.
DISASTER HOPE IS A NATIONAL PARTNER OF FEMA, ADDRESSING FINANCIAL DISASTER PREPAREDNESS, RESPONSE, AND RECOVERY. OTHER DISASTER PARTNERS INCLUDE THE AMERICAN RED CROSS, THE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA), CORPORATIONS AND OTHER VOLUNTEER ORGANIZATIONS. SINCE 2001, HOPE HAS HELPED OVER 1.5 MILLION INDIVIDUALS WITH PRE-DISASTER FINANCIAL PREPAREDNESS AND COUNSELING, POST DISASTER FINANCIAL RECOVERY, AND FEMA APPLICATION ASSISTANCE TO FAMILIES AFFECTED IN 148 MAJOR DISASTERS ACROSS 30 STATES AND PUERTO RICO. IN 2021, HOPE PROVIDED 63,364 DISASTER RECOVERY SERVICES.
YOUTH HOPES BANKING ON OUR FUTURE (BOOF) PROGRAM HAS OPERATED IN 304 U.S. CITIES, 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. IN 2021, HOPE PROVIDED 5,993 YOUTH FINANCIAL EDUCATIONAL SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Bryant Chairman/ceo | OfficerTrustee | 40 | $559,947 |
Brian Betts President/cfo | Officer | 40 | $335,421 |
Rachael Doff Sevp/cao | Officer | 40 | $277,003 |
Mary Hagerty Evp, Partnership | 40 | $213,397 | |
Lance Triggs Evp, Programs | 40 | $210,977 | |
Jennifer Wolford Evp, Chief Operating Officer | 40 | $183,527 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Rob Mcgrew Consultation | 12/30/21 | $125,000 |
Jodi Smith Digital Program | 12/30/21 | $141,600 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,054,921 |
All other contributions, gifts, grants, and similar amounts not included above | $41,378,486 |
Noncash contributions included in lines 1a–1f | $23,860 |
Total Revenue from Contributions, Gifts, Grants & Similar | $45,433,407 |
Total Program Service Revenue | $0 |
Investment income | $3,734 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,500 |
Net Gain/Loss on Asset Sales | -$11,544 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $45,427,739 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $23,802 |
Grants and other assistance to domestic individuals. | $1,793,214 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,879,696 |
Compensation of current officers, directors, key employees. | $706,906 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,053,878 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,031,122 |
Payroll taxes | $1,146,725 |
Fees for services: Management | $0 |
Fees for services: Legal | $81,513 |
Fees for services: Accounting | $22,977 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,772,563 |
Advertising and promotion | $301,549 |
Office expenses | $424,587 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $205,567 |
Travel | $155,809 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $785,980 |
Interest | $223,874 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $504,845 |
Insurance | $221,418 |
All other expenses | $33,645 |
Total functional expenses | $25,956,484 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,324,675 |
Savings and temporary cash investments | $9,465,561 |
Pledges and grants receivable | $27,990,096 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $170,612 |
Net Land, buildings, and equipment | $2,204,693 |
Investments—publicly traded securities | $333,603 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $24,621 |
Total assets | $42,513,861 |
Accounts payable and accrued expenses | $3,219,410 |
Grants payable | $0 |
Deferred revenue | $352,570 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $3,950,793 |
Other liabilities | $0 |
Total liabilities | $7,522,773 |
Net assets without donor restrictions | -$1,121,776 |
Net assets with donor restrictions | $36,112,864 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $42,513,861 |
Over the last fiscal year, we have identified 23 grants that Operation Hope Inc has recieved totaling $1,075,951.
Awarding Organization | Amount |
---|---|
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $200,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $165,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $156,163 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $156,163 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $150,621 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |