2017-11-03T10:54:47-07:00 2016-12-31 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14th Floor GLENDALE CA 91203 990 2016-01-01 954378084 OPERATION HOPE INC OPER 2138912901 707 WILSHIRE BLVD LOS ANGELES CA 90017 DAVID MATTHEWS COO 2017-11-03 true SAHAK LOUSSINIAN P00961999 8186375000 2016 2017-02-10 21:41:12Z 15354817 false false X HTTP://WWW.OPERATIONHOPE.ORG/ X 1992 CA The mission of Operation HOPE, Inc. (HOPE) is silver rights empowerment, making free enterprise work for everyone. We accomplish this through our work on the ground as the nonprofit private banker for the working poor, the underserved and struggling middle class. We achieve our mission by being the best-in-class provider of financial literacy empowerment for youth, financial capability for communities, and ultimately, financial dignity for all.Our Banking on Our Future division focuses on keeping the most at risk youth from repeating the cycles of poverty and dispair that has trapped so many in their families and communities by teaching them basic financial literacy, or what we call "the global language of money." Our HOPE Business In A Box / Gallup HOPE Index division focuses on inspiring a generation of young people to become future American assets of economic energy, small business and entrepreneurship. Our HOPE Inside give clients the resources to improve their financial situations 20 20 194 2556 0 13982635 15356182 0 1812 7162 78203 -8527 14062650 15354817 0 0 9396030 9779234 0 759413 4429723 4805743 13825753 14584977 236897 769840 11242076 11920327 3424970 3578822 7817106 8341505 The mission of Operation HOPE, Inc. (HOPE) is silver rights empowerment, making free enterprise work for everyone. We accomplish this through our work on the ground as the nonprofit private banker for the working poor, the underserved and struggling middle class. We achieve our mission by being the best-in-class provider of financial literacy empowerment for youth, financial capability for communities, and ultimately, financial dignity for all.Our Banking on Our Future division focuses on keeping the most at risk youth from repeating the cycles of poverty and dispair that has trapped so many in their families and communities by teaching them basic financial literacy, or what we call "the global language of money." Our HOPE Business In A Box / Gallup HOPE Index division focuses on inspiring a generation of young people to become future American assets of economic energy, small business and entrepreneurship. Our HOPE Inside give clients the resources to improve their financial situations false false 8450021 9131660 The Operation HOPE Inside Empowerment Centers is a working one stop model location for empowerment. The HOPE Inside offices provide personalized service and focused attention for the purpose of improving consumer credit scores above the 700 level and creating community stakeholders. By converting renters into home-owners and dreamers into viable business owners, increasing net worth and improving the economic quality of life for individuals and families in emerging markets, HOPE works towards its overall mission of eradicating poverty.The HOPE Inside offices are able to accomplish these objectives by providing innovative empowerment services that consist of adult financial literacy workshops, money management, budgeting counseling, mortgage and business lending counseling, investment and retirement planning counseling, home buyer down payment assistance matching grants, small business technical assistance, and post funding counseling. Operation HOPE currently has 19 HOPE Inside locations with an additional 19 locations in progress inclusive of a virtual HOPE Center in Poway, California. Programs Offered: -Financial Literacy Workshops-Entrepreneurial Training-Foreclosure Prevention Counseling-Money Management Counseling-Homeownership Counseling-Small Business Counseling-Loan Modification Services-Computer and Internet Access 2860314 1324422 The Banking on Our Future program elevates the dignity, hope and economic self-sufficiency of youth in low-wealth and underserved communities through financial literacy and empowerment. The program is a global delivery system for financial education for youth ages 9-18 provided at no cost to school districts and community based organizations with a focus on under-served communities. It consists of five modules: I. A Course in Dignity, II. Basics of Budgeting, III. Get Smart About Banking, IV. The Fundamentals of Credit and V. Introduction to Saving and Investing that are taught by volunteer HOPE Corps members who are trained to break down their knowledge of banking and credit into terms that youth can understand and utilize immediately. In addition to financial education, the students are left with a message of empowerment, a message if responsibility, and most important, a message of HOPE. The Banking on Our Future program currently operates in 304 U.S. cities and 7 providences in South Africa. Banking on Our Future is the recipient of the 11th John Sherman Award for financial education given by The United Stated Treasury Department in the history of the United States. HOPE Business In A Box Academies (HBIABA), powered by the Gallup-HOPE Index, is a national initiative carried out by Operation HOPE to harness the economic energy of youth and bring positive business role models into underserved communities. The goal of the initiative is to reconnect the power of education to the power of aspiration, spurring local job creation, spiking local GDP growth, and therein insuring the future prosperity of our students and our nation. HOPE Corps volunteers and Business Role Models from the local business community, colleges and universities deliver the HBIABA program in low-to-moderate income community middle and high school classrooms across the United States and soon to be launched in South Africa. HBIABA is implemented in seven vital phases.Phase I: Gallup-HOPE IndexThe Gallup-HOPE Index assesses youth level of hope, well-being, engagement, financial literacy and economic energy, through a 100-year partnership with Gallup.Phase II: Banking on Our Future (BOOF) Financial Dignity ProgramStudents are educated and empowered through five learning modules taught by HOPE Corps volunteers from the business community: A Course in Dignity, Basics of Budgeting, Get Smart About Banking, Fundamentals of Credit, and Introduction to Saving and Investing. Phase III: HOPE Business In A Box Academy (HBIABA) Entrepreneurship ProgramStudents participate in four modules: Basics of Business, Developing Your Business Idea, Developing a Financial Plan for your Business, Communication and Public Speaking SkillsPhase IV: Classroom and School-Wide Pitch EventsStudents participate in a classroom event where they pitch their business idea to their teachers, fellow classmates, and community business members that serve as judges. The winners of the classroom pitch events then participate in a school-wide pitch event against other classroom winners. Phase V: Business Role Model Empowerment ProgramSchool-wide pitch winners are connected to Business Role Models in their community for 10 one-on-one hours of business development and coaching.Phase VI: Presentation of Business Plans for Business Start-Up GrantStudents present their business plan to Operation HOPE staff to qualify for a business start-up grant for up to $500.Phase VII: Resources and Sustainability For ongoing support students are invited to post their business ideas on a crowd-sourcing site called Taking Every Kid Public where they can raise additional funds to support their business startup. Students also have access to ongoing technical and business support.As part of Operation HOPEs national initiative, Project 5117, Operation HOPE will educate 5,000,000 million youth by 2020 and engage 1,000,000 youth in the HOPE Business In A Box Academies intervention. 570628 234060 HCA is HOPEs Emergency Response and Disaster Financial Preparedness Division. HCA is a part of a strong network of first responders to disasters in the United States that address the immediate financial needs of disaster victims. HCA mobilizes in times of disasters like Hurricane Katrina and super-storm Sandy in helping individuals and small businesses prepare for disasters and to recover after disasters. Through our database of professional HOPE Corp volunteers, and full time staff HCA is able to provide emergency disaster case management to survivors facing financial crisis by counseling on money and credit.The Disaster Preparation and Recovery Division HOPE Coalition America(HCA) assist individuals and families prepare for emergencies anddisasters by conducting Family Preparedness Seminars and providesdisaster recovery information and guidance to individuals, smallbusinesses and communities after disasters. Three principle signatureproducts the Disaster Financial Recovery Score(DFR SCORE), thePersonal Disaster Preparedness Guide and the Emergency Financial FirstAid Kit allows HCA to provide vital services through relationshipswith FEMA, the American Red Cross, Volunteer Organizations Active inDisasters, the Economic Development Administration and corporatefunders. Through these and other relationships HOPE Coalition Americahas responded to fifty-six large disaster a and over 100 smalldisasters and emergencies. 11880963 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 false true false false false false false false false false false false false false false false false true false false false false false true 12 0 true 194 true false false true OC false false false false false 0 false false false false false false false false false false X 20 20 false false false false false false false true true false false true false false false true true true true false X X X RACHEL DOFF 2138912905 707 WILSHIRE BLVD LOS ANGELES CA 90017 JOHN BRYANT CEO 40.00 0.00 X X 507500 0 38845 LISA BORDERS BOARD MEMBER 0.50 0.00 X 0 0 0 BRYAN JORDAN BOARD MEMBER 0.50 0.00 X 0 0 0 PHILIPPE BOURGUIGNON BOARD MEMBER 0.50 0.00 X 0 0 0 KENT STONE BOARD MEMBER 0.50 0.00 X 0 0 0 JIM CLIFTON BOARD MEMBER 0.50 0.00 X 0 0 0 ROBERT WEBB BOARD MEMBER 0.50 0.00 X 0 0 0 ROBERTO R HERENCIA BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL AROUGHETI BOARD MEMBER 0.50 0.00 X 0 0 0 NATALIA PEART BOARD MEMBER 0.50 0.00 X 0 0 0 STEPHEN RYAN ESQ BOARD MEMBER 0.50 0.00 X 0 0 0 NANDITA BAKHSHI BOARD MEMBER 0.50 0.00 X 0 0 0 CARLOS VAZQUEZ BOARD MEMBER 0.50 0.00 X 0 0 0 STEPHEN STEINOUR BOARD MEMBER 0.50 0.00 X 0 0 0 WILLIAM BILL ROGERS JR BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF SCHMID BOARD MEMBER 0.50 0.00 X 0 0 0 SEAN CLEARY BOARD MEMBER 0.50 0.00 X 0 0 0 BRIAN LONGE BOARD MEMBER 0.50 0.00 X 0 0 0 ANAND NALLATHAMBI BOARD MEMBER 0.50 0.00 X 0 0 0 JAMES WELLS III BOARD MEMBER 0.50 0.00 X 0 0 0 TIMOTHY WENNES BOARD MEMBER 0.50 0.00 X 0 0 0 RACHAEL DOFF EVP/CAO 40.00 0.00 X 187375 0 28270 WILLIAM WALBRECHER PRESIDENT & COO 40.00 0.00 X 273792 0 7250 ANITA WARD EVP/CTO 40.00 0.00 X 118269 0 15323 MARY HAGERTY SVP CHIEF BOOF 40.00 0.00 X 141879 0 30832 LANCE TRIGGS EVP/CHIEF OF STAFF 40.00 0.00 X 151356 0 22370 KEVIN BOUCHER DIRECTOR 40.00 0.00 X 102591 0 23511 JENA ROSCOE SVP GOVT AFFAIRS 40.00 0.00 X 128834 0 14084 1611596 180485 8 false true false ROD MCGREW 707 WILSHIRE BLVD LOS ANGELES CA 90017 COMMUNICATIONS 124940 EVUS TECHNOLOGIES LLC 707 WILSHIRE BLVD LOS ANGELES CA 90017 WEB DESIGN 162500 2 1403091 13953091 15356182 0 7162 7162 0 0 0 0 0 0 0 BOOK SALE 1147 1147 COMMISSIONS CYBER CAFE 4160 4160 -13834 -13834 -8527 15354817 -1365 0 0 0 0 1086937 904709 131792 50436 0 7117566 5924289 863012 330265 59517 49539 7216 2762 889698 740538 107877 41283 625516 528323 72594 24599 0 0 0 0 0 0 0 0 138999 100412 18123 20464 0 0 507579 393703 72336 41540 422334 304551 14393 103390 0 0 94541 94541 0 562191 542406 12871 6914 173491 138478 33099 1914 PROFESSIONAL FEES 926719 728349 193333 5037 PROGRAM & EVENT EXPENSES 522205 517215 1292 3698 COMMUNICATIONS 407424 344588 38371 24465 OTHER 204595 132507 39350 32738 845665 531356 244401 69908 14584977 11880963 1944601 759413 0 2771211 1153892 6664869 9595096 0 0 0 0 0 266541 336599 2160178 1722926 987824 437252 0 0 0 0 551631 397488 11242076 11920327 1524883 1597620 1900087 1981202 3424970 3578822 X -3186986 -4621814 11004092 12963319 7817106 8341505 11242076 11920327 769840 -245441 X false true X true true true X 7000314 12078815 14191821 13982635 15356182 62609767 0 0 7000314 12078815 14191821 13982635 15356182 62609767 7731421 54878346 229 320 206 755 0 36153 70316 105310 80016 -13834 277961 62888483 0.87260 0.83850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 998188 578772 419416 1119406 1102208 17198 42584 41946 638 437252 X 17398204 2043387 2043387 15354817 15354817 16873805 2288828 2288828 14584977 14584977 Part X : FIN48 Footnote HOPE believes that it has appropriate support for any tax position taken and, as such, does not have any uncertain tax positions that would require recognition or disclosure at December 31, 2016. true GAUTANG PROVINCE 1 1 FINANCIAL LITERACY BOOF PROGRAMS IN SCHOOLS 148115 WESTERN CAPE PROVINCE 1 1 FINANCIAL LITERACY BOOF PROGRAMS IN SCHOOLS 67506 SOUTH AFRICA JOHANNESBURG 1 2 FINANCIAL LITERACY BOOF PROGRAMS IN SCHOOLS 46318 3 4 3 4 261939 261939 false false false false false false true X X X X false false false false false false false false false false JOHN BRYANT CEO 290000 217500 8031 30814 546345 LANCE TRIGGS EVP/CHIEF OF STAFF 125000 26356 625 21745 173726 MARY HAGERTY SVP CHIEF BOOF 120000 21879 30832 172711 RACHAEL DOFF EVP/CAO 150577 36798 4474 23796 215645 WILLIAM WALBRECHER PRESIDENT & COO 216000 57792 6480 770 281042 Form 990, Part VI, Line 11b: Form 990 Review Process THE 990 IS REVIEWED BY THE FOLLOWING GROUPS, IN THIS ORDER, FOR APPROVAL.1. CONTROLLER2. PRESIDENT AND CAO3. CEO4. The BOARD OF DIRECTORS' APPROVED AUDIT COMMITTEE MEMBERS Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts HOPE HAS A VOLUNTARY BOARD THAT CONTRIBUTES THEIR TIME TO ADVANCE THE PROGRAMS THROUGH THEIR TIME, TALENT, AND TREASURE. ANY TIME A CONFLICT OF INTEREST ARISES, IT IS HANDLED ON A CASE BY CASE BASIS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management REVIEW OF COMPENSATION IS PERFORMED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR THE CEO, PRESIDENT AND COO. CEO HAS A CONTRACT THAT IS REVIEWED AND RENEWED ON A PERIODIC BASIS BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION. THE CONTRACT STIPULATES ANNUAL INCREASES BASED ON THE CURRENT CPI. A YEAR AGO HOPE DID AN OUTSIDE INDEPENDENT SALARY SURVEY TO CONFIRM RANGE OF SALARIES FOR THE ORGANIZATION. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees REVIEW OF COMPENSATION IS PERFORMED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR THE CEO, PRESIDENT AND COO. CEO HAS A CONTRACT THAT IS RENEWED BY THE COMPENSATION COMMITTEE ON A PERIODIC BASIS. THE CONTRACT STIPULATES ANNUAL INCREASES BASED ON THE CURRENT CPI. KEY EMPLOYEE COMPENSATION IS DECIDED AND APPROVED BY THE CEO AND PRESIDENT. HOPE PERFORMS AN OUTSIDE INDEPENDENT SALARY SURVEY TO CONFIRM RANGE OF SALARIES FOR THE ORGANIZATION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available DOCUMENTS ARE PROVIDED PER REQUESTS FROM INTERESTED PARTIES. FORM 990 IS ACCESSIBLE VIA GUIDESTAR. HOPE ADVISORS LLC 707 WILSHIRE BLVD 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