Operation Hope Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
John Bryant
Chairman/ceo
$559,947
Brian Betts
President/cfo
$335,421
Rachael Doff
Sevp/cao
$277,003
Mary Hagerty
Evp, Partnership
$213,397
Lance Triggs
Evp, Programs
$210,977
Jennifer Wolford
Evp, Chief Operating Officer
$183,527

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rob Mcgrew
Consultation
$125,000
Jodi Smith
Digital Program
$141,600
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Operation Hope Inc has recieved totaling $1,075,951.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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