2020-06-17T11:18:14-07:00 2019-12-31 201403280 FULTON & KOZAK CPA 7187 JONESBORO RD STE 100A MORROW GA 302602944 990 2019-01-01 954378084 OPERATION HOPE INC OPER 4049412919 191 PEACHTREE STREET NE ATLANTA GA 30303 BRIAN BETTS CFO 2020-06-17 true SHEILA M KOZAK CPA P00687026 7709614200 2019 2020-09-23 17:36:50Z 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 18689890 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. 20 19 228 2713 0 18737888 18619174 0 264 1689 1321 17295 18739473 18638158 1778972 1866947 0 11340407 12526992 0 640720 4122286 4009804 17241665 18403743 1497808 234415 15686784 16198890 6895198 7323604 8791586 8875286 Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults. false false 15324411 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 2019, HOPE provided 146,508 adult services in 150 HOPE Inside locations, representing 553% growth over the last 5 years. 478888 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. In 2019, HOPE provided 16,547 youth financial educational services. 159629 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. In 2019, HOPE provided 6,974 disaster recovery services. 15962928 true true false false false false false false false false true false false false false true true false false true true false false false false false false false true true false false false false false false false true false false false false true false false false false true 40 0 false 228 true false true OC false false false false false 0 false false false false false false false X 20 19 false false false false false false false true true false false true true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X X BRIAN BETTS CFO 4049412919 191 PEACHTREE ST STE 3840 ATLANTA GA 30303 JOHN BRYANT Chairman/CEO 40.00 0.00 X X 544574 0 26052 ANITA WARD COO 40.00 0.00 X 331065 0 15747 RACHAEL DOFF SEVP/CAO 40.00 0.00 X 220623 0 35913 LANCE TRIGGS EVP, PROGRAMS 40.00 0.00 165357 0 13489 MARY HAGERTY EVP, PARTNERSHIP 40.00 0.00 166468 0 9973 BRIAN BETTS CFO 40.00 0.00 X 129592 0 7740 JENA ROSCOE SVP CHIEF GOVT AFF 40.00 0.00 128076 0 5517 KEVIN BOUCHER EVP, DIRECTOR HGF 40.00 0.00 118171 0 7891 ELAINE HUNGENBERG EVP, HOPE RESEARCH 40.00 0.00 114928 0 4445 CARYN ANDERSON SVP, MKTG & COMM 40.00 0.00 106229 0 9539 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 JED YORK 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 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 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 2025083 136306 10 false true false ROB MCGREW 8306 WILSHIRE BLVD SUITE 484 BEVERLY HILLS CA 90211 CONSULTATION 137766 JODI SMITH 8033 W SUNSET BLVD 1021 LOS ANGELES CA 90046 DIGITAL PROGRAM 188100 2 1276832 17342342 18619174 0 1689 1689 0 0 12000 12000 12000 12000 51732 51732 0 0 0 0 OTHER REVENUE 5295 5295 5295 18638158 18984 0 1866947 1866947 0 0 2161389 1188764 648417 324208 0 8774728 8560957 135583 78188 0 776252 742525 21899 11828 814623 729761 56052 28810 0 0 0 0 0 0 796378 539229 231565 25584 127454 111935 15519 459336 365700 61991 31645 0 0 201247 59143 142104 468190 335641 22839 109710 0 780175 780175 288003 288003 0 89171 86179 1614 1378 142752 117121 22502 3129 CONTRACT LABOR 381960 258626 111064 12270 TELECOMMUNICATION 265618 220225 31423 13970 SETTLEMENT & JUDGEMENT 9520 9520 0 18403743 15962928 1800095 640720 1698763 805785 1250027 11691919 12088342 0 0 0 0 0 87238 54460 3964601 1972721 61678 1991880 40424 0 0 0 0 2106762 8396 15686784 16198890 2228957 1686268 66544 1954386 2624778 5637336 20533 6895198 7323604 X -6491937 -6052967 15283523 14928253 8791586 8875286 15686784 16198890 X 234415 11211 -84555 -77371 X false true X true true true X 13973910 15351182 16388921 18674242 18619174 83007429 0 0 13973910 15351182 16388921 18674242 18619174 83007429 24184107 58823322 167 264 13689 14120 0 80016 -13834 9242 1321 5295 82040 83103589 0.70780 0.74320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 783236 775783 7453 3138780 1154353 1984427 42585 42585 1991880 X 20143747 11211 1494378 1505589 18638158 18638158 20060047 1578933 77371 1656304 18403743 18403743 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 2017. Part XII, Line 2d: Other expenses and losses per audited F/S BAD DEBT $77371 SOUTH AFRICA JOHANNESBURG 1 1 FINANCIAL LITERACY BOOF PROGRAM SCHOOLS 7782 1 1 1 1 7782 7782 false false false false false false true 0 0 CLIENT ASSISTANCE HOMEBUYING 1456 1866947 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 ANITA WARD COO 251065 80000 4410 11337 346812 JOHN BRYANT Chairman/CEO 324574 220000 8400 17652 570626 LANCE TRIGGS EVP, PROGRAMS 135357 30000 752 12737 178846 MARY HAGERTY EVP, PARTNERSHIP 136468 30000 3179 6794 176441 RACHAEL DOFF SEVP/CAO 170623 50000 3346 32567 256536 JOHN BRYANT FOUNDER, CHAIR,CEO 41000 SEE PART V false Schedule L, Part V Supplemental Information HOPE received $25,000 in membership from The Promise Homes Company (TPHC) in both 2019 and 2018. As a member, TPHC provided their residents with access to HOPEs financial coaching services. HOPE received $4,000 in 2019 as a sponsor of HOPE Global Forums and received access to the three-day conference for their staff. HOPE received $12,000 in 2019 for rent and office expenses associated with two workspaces provided for TPHC. 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 received compensation from TPHC. There is also an individual that serves on both boards. HOPE provided $0 IN 2019 and $10,000 in 2018, 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. Other Changes In Net Assets Or Fund Balances - Other Decreases BAD DEBT = -$77371 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