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 12/2023, Operation Hope Inc employed 429 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 12/2023, Operation Hope Inc generated $37.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $39.7m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
John Bryant
Chairman/ceo
$662,145
Brian Betts
President/cfo
$356,008
Rachael Doff
Sevp/cao
$273,711
Kevin Boucher
Evp, Chief Comm. & Strat Officer
$240,819
Lance Triggs
Evp, Programs
$222,835
Mary Hagerty
Evp, Partnership
$208,579

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rod Mcgrew
Consultation
$146,500
Per Se Media Group Llc
Media Services
$354,614
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,363,952
All other contributions, gifts, grants, and similar amounts not included above$32,690,603
Noncash contributions included in lines 1a–1f $57,781
Total Revenue from Contributions, Gifts, Grants & Similar$37,054,555
Total Program Service Revenue$0
Investment income $590,773
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,700
Net Gain/Loss on Asset Sales -$3,666
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,644,362

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