2020-03-13T15:16:33-07:00 2018-12-31 201403280 FULTON & KOZAK CPA 7187 JONESBORO RD STE 100A MORROW GA 302602944 990 2018-01-01 954378084 OPERATION HOPE INC OPER 4049412919 191 PEACHTREE STREET NE ATLANTA GA 30303 BRIAN BETTS CFO 2020-03-09 true SHEILA M KOZAK CPA P00687026 7709614200 2018 2020-09-23 17:36:50Z 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 18739473 false false X WWW.OPERATIONHOPE.ORG X 1992 CA Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. 22 21 235 27188 0 16388921 18737888 0 167 264 11815 1321 16400903 18739473 1290749 1778972 0 10280995 11340407 0 609455 4855681 4122286 16427425 17241665 -26522 1497808 11525872 15686784 5381424 6895198 6144448 8791586 Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. false false 11710069 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 34 points over 6-11 months and 47 points over 12+ months of active counseling. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business and Credit. In 2018, there were 124 HOPE Inside locations, representing 553% growth over the last 5 years. 1610134 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. 1317383 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 1.3 million individuals with pre-disaster financial preparedness and counseling, and post disaster financial recovery and FEMA application assistance to families affected in 148 major disasters across 30 states and Puerto Rico. 14637586 true true false false false false false false false false true false false true true true true false false true true false false false false false false false true true false false false false false false false false false false true false false false false true false false false false true 6 0 false 235 true false false true OC false false false false false 0 false false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false AL AR CA FL GA HI KS KY MA MD MI NH NJ NM NY OR PA RI SC TN UT VA WI WV X X X BRIAN BETTS CFO 4049412919 191 PEACHTREE ST STE 3840 ATLANTA GA 30303 MICHAEL AROUGHETI BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERTO R HERENCIA BOARD MEMBER 1.00 0.00 X 0 0 0 BRYAN JORDAN BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM BILL ROGERS JR BOARD MEMBER 1.00 0.00 X 0 0 0 JEFF SCHMID BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES WELLS III BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY WENNES BOARD MEMBER 1.00 0.00 X 0 0 0 ELLEN ALEMANY BOARD MEMBER 1.00 0.00 X 0 0 0 NANDITA BAKHSHI BOARD MEMBER 1.00 0.00 X 0 0 0 PHILIPPE BOURGUIGNON BOARD MEMBER 1.00 0.00 X 0 0 0 HENRY FORD III BOARD MEMBER 1.00 0.00 X 0 0 0 PHIL GRIFFIN 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 JONATHAN POLK BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN RYAN BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN STEINOUR BOARD MEMBER 1.00 0.00 X 0 0 0 CARLOS VAZQUEZ BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT WEBB BOARD MEMBER 1.00 0.00 X 0 0 0 PHIL WENGER BOARD MEMBER 1.00 0.00 X 0 0 0 STEFAN WILSON BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN BRYANT Chairman/CEO 40.00 0.00 X X 542500 0 23527 ANITA WARD President 40.00 0.00 X 329625 0 14385 RACHAEL DOFF SEVP/CAO 40.00 0.00 X 211231 0 24331 JENA ROSCOE SVP CHIEF GOVT AFFAIRS 40.00 0.00 X 127754 0 4884 LANCE TRIGGS PRES PROG OPER 40.00 0.00 X 164190 0 11101 KEVIN BOUCHER SVP, DIRECTOR HGF 40.00 0.00 X 105579 0 11358 MARY HAGERTY COS & PARTNERSHIP 40.00 0.00 X 142715 0 6350 EDWARD HENDERSON SVP, DEVELOPMENT 40.00 0.00 X 112500 0 0 ELAINE HUNGENBERG SVP, HOPE RESEARCH 40.00 0.00 X 105478 0 4246 1841572 100182 9 false true false ROD MCGREW 8306 WILSHIRE BLVD SUITE 484 BEVERLY HILLS CA 90211 CONSULTATION 134074 JODI SMITH 8033 W SUNSET BLVD 1021 LOS ANGELES CA 90046 DIGITAL PROGRAM 101400 2 5633 1065063 17667192 18737888 0 264 264 0 0 0 0 0 0 0 OTHER REVENUE 1321 1321 1321 18739473 1585 0 1778972 1778972 0 0 1941754 1136164 542618 262972 0 7856083 7553747 201383 100953 0 794001 698721 63520 31760 748569 658741 59885 29943 0 0 0 0 0 0 935242 519539 399666 16037 126081 82692 43389 536429 444217 67715 24497 0 0 181596 51068 130528 428714 264592 42061 122061 0 848381 848381 202205 202205 0 183230 180634 1281 1315 122420 104037 10843 7540 TELECOMMUNICATION 401684 316081 73226 12377 SETTLEMENT & JUDGEMENT 156304 156304 0 17241665 14637586 1994624 609455 2588303 1698763 0 8403838 11691919 0 0 0 0 0 48338 87238 1970893 1909215 244908 61678 21825 40424 0 0 0 218660 2106762 11525872 15686784 1913291 2228957 66544 2458135 1954386 999998 2624778 10000 20533 5381424 6895198 X -6417374 -6491937 12561822 15283523 6144448 8791586 11525872 15686784 1497808 -2198 1151528 X false true X true true true X 14182121 13982635 15356182 16388921 18737888 78647747 0 0 14182121 13982635 15356182 16388921 18737888 78647747 20064008 58583739 206 167 264 637 0 105310 80016 -13834 9242 1321 182055 78830439 0.74320 0.82610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 808901 747223 61678 1119407 1119407 42585 42585 61678 DEPOSITS 8396 DONATED FACILITY USE 98366 SOFTWARE IN DEVELOPMENT 2000000 2106762 DUE TO RELATED PARTIES 20533 20533 X 23643354 -2198 4906079 4903881 18739473 18739473 20996216 3754551 3754551 17241665 17241665 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 2016. GAUTANG PROVINCE 1 1 FINANCIAL LITERACY BOOF PROGRAMS IN SCHOOLS 64528 SOUTH AFRICA JOHANNESBURG 1 1 FINANCIAL LITERACY BOOF PROGRAM SCHOOLS 31660 2 2 2 2 96188 96188 false false false false false false true 0 0 CLIENT ASSISTANCE HOMEBUYING 1189 1778972 FMV Grantmaker's Description of How Grants are Used Operation HOPE created a partnership with Fulton Financial Services to provide down payment and closing assistance to low and moderate-income individuals purchasing residential real estate. HOPE will accept referrals from Fulton Financial or other sources. The primary geographical area includes but not limited to Maryland, New Jersey, Pennsylvania and Virginia. The referral applications are reviewed by a HOPE Program manager to determine eligibility and amount of assistance to be provided, which ranges from $1,000 to $2,500. An acceptance letter is generated and returned to the referral source. The referral partner then provides wiring instructions from the closing attorney through secured email. HOPEs accounting department will then create a wire in a bank account maintained at Fulton Bank. Once the wire is entered, an approval code is sent to the CFO. The CFO will then approve the wire and release of funds to the closing attorney. true X X X X false false false false false false false false false false ANITA WARD President 249625 80000 14385 344010 JOHN BRYANT Chairman/CEO 322500 220000 8250 15277 566027 LANCE TRIGGS PRES PROG OPER 134190 30000 731 10370 175291 RACHAEL DOFF SEVP/CAO 186231 25000 24331 235562 JOHN BRYANT FOUNDER, CHAIR,CEO 25000 SEE PART V false JOHN BRYANT FOUNDER, CHAIR,CEO 10000 SEE PART V false Schedule L, Part V Supplemental Information HOPE received $25,000 in membership from The Promise Homes Company (TPHC) in both 2018 and 2017. As a member, TPHC provided their residents with access to HOPEs financial coaching services. The Founder, Chairman and CEO of Operations for HOPE served in a similar capacity with TPHC, which is an owner of single-family residential properties for working class and middle-class communities. He along with two other employees of HOPE are also employees of THPC and receive compensation from TPHC. There is also an individual that serves on both boards.HOPE provided $10,000 and $0 in 2018 and 2017, respectively, to Global Dignity to support the mission of uniting everyone with the belief that we all deserve to live a life of dignity. The Founder, Chairman, and CEO of HOPE is a co-founder of Global Dignity. Form 990, Part VI, Line 11b: Form 990 Review Process THE 990 IS REVIEWED AND APPROVED BY THE CFO PRIOR TO SUBMISSION TO THE GOVERNING BOARD FOR FINAL APPROVAL BEFORE FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Directors are requested to notify the full board if any conflicts of interest arises, which are handled on a case by case basis. annually the board is surveyed for any potential conflicts of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management the compensation committee of the board of directors reviews the compensation annually for the CEO, president, and coo. CEO has an employment contract that is reviewed on a periodic basis. in 2016, Hope conducted an outside independent salary survey to confirm salaries for the organization Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees the compensation committee of the board of directors reviews the compensation annually for the CEO, president, and coo. CEO has an employment contract that is reviewed on a periodic basis. in 2016, Hope conducted an outside independent salary survey to confirm salaries for the organization Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION'S ACCOUNTANT PROVIDES A COPY OF FORM 990 SPECIFICALLY FOR PUBLIC INSPECTION. THE ORGANIZATION POSTS A COPY OF FORM 990 TO GUIDESTAR.ORG. THIS COPY IS ALSO AVAILABLE UPON REQUEST. HOPE ADVISORS LLC 707 WILSHIRE BLVD SUITE 3030 LOS ANGELES CA 90017 208380765 CONSULTING CA OPERATION HOPE INC false false false false false false false false false false false false false false false false false false false