2013-06-28T08:43:18-05:00 2012-12-31 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2012-01-01 232836648 HOPE INTERNATIONAL HOPE 7174643220 227 GRANITE RUN DRIVE NO 250 LANCASTER PA 17601 DAVID WONG 7174643220 2013-06-28 1 STACY CULLEN P00974308 2159798800 2013-06-28 2012 2016-02-24 21:20:13Z DAVID WONG 227 GRANITE RUN DRIVE NO 250 LANCASTER PA 17601 10874941 0 X WWW.HOPEINTERNATIONAL.ORG X 1996 PA FOUNDED TO RELEASE HOPE IN RESPONSIVE PEOPLE SO THEY CAN IMAGINE AND CREATE IMPROVED LIVES FOR THEMSELVES, THEIR FAMILIES AND THEIR COMMUNITIES. 10 9 82 20 0 0 8732650 10613648 0 0 116624 99526 -129991 -218616 8719283 10494558 5189741 2407129 0 0 2769441 3159535 0 0 1381336 2194977 3017229 10154159 8583893 -1434876 1910665 8829465 10756381 1943749 1549060 6885716 9207321 X TO INVEST IN THE DREAMS OF THE POOR AS WE PROCLAIM AND LIVE THE GOSPEL IN THE WORLD'S UNDERSERVED COMMUNITIES. 0 0 6717841 2407129 HOPE INTERNATIONAL ("HOPE") IS A GLOBAL, FAITH-BASED, 501(C)(3) NONPROFIT ORGANIZATION FOCUSED ON POVERTY ALLEVIATION THROUGH MICROENTERPRISE DEVELOPMENT. HOPE'S VISION IS TO ENABLE SUSTAINABLE ECONOMIC DEVELOPMENT THAT RESULTS IN SIGNIFICANT AND LASTING CHANGE, TEMPORAL AND ETERNAL, IN THE LIVES OF MANY PEOPLE LIVING IN POVERTY. HOPE ACCOMPLISHES THIS VISION THROUGH MICROFINANCE, MAKING SMALL LOANS TO INDIVIDUAL ENTREPRENEURS AND SMALL BUSINESS OWNERS IN DEVELOPING COUNTRIES, AND ACTIVELY SUPPORTING COMPLEMENTARY MINISTRIES THROUGH CHURCHES, WITH A FOCUS ON CHILDREN. HOPE WAS INCORPORATED IN 1996 AND THE ORGANIZATION CURRENTLY SERVES IN BURUNDI,CENTRAL ASIA, CHINA, THE DOMINICAN REPUBLIC, THE DEMOCRATIC REPUBLIC OF CONGO, HAITI, INDIA, MOLDOVA,PERU, PHILIPPINES, REPUBLIC OF CONGO, ROMANIA, RUSSIA, RWANDA,UKRAINE, AND ZIMBABWE. 6717841 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 1 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 X 13 0 1 82 1 0 1 UP CG AF CF RS RW 0 0 0 1 1 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 PA AZ CA CT CO DE FL GA ID IL IN IA KS AL KY MA MI MN MS X X DAVID WONG 7174643220 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 PETER GREER 40.00 X X 133898 0 17354 JEFFREY C RUTT 1.00 X X 0 0 0 BRIAN LEWIS 1.00 X X 0 0 0 TIM SNOW 1.00 X X 0 0 0 CHRISTOPHER CRANE 1.00 X X 0 0 0 JIM DEITCH 1.00 X 0 0 0 DENNIS HOLLINGER 1.00 X 0 0 0 KIM KING 1.00 X 0 0 0 KATHERINE NIENOW 1.00 X 0 0 0 CATHI LINCH 1.00 X 0 0 0 DAVID WONG 40.00 X 92614 0 2130 JESSE CASLER 40.00 X 80000 0 2041 DAVE WASIK 40.00 X 76079 0 17354 382591 0 38879 1 0 1 0 0 842259 9771389 545445 10613648 101751 101751 38810 38231 579 579 579 78451 80676 -2225 -2225 -2225 42281 842259 261476 -219195 -219195 10494558 0 0 -119090 1852796 1852796 554333 554333 421470 235571 51070 134829 2135298 1193474 258738 683086 389780 224427 35713 129640 212987 118365 26506 68116 1936 313 1128 495 41649 23600 8849 9200 274211 267423 2621 4167 66683 17867 5345 43471 303215 125322 34095 143798 445096 390057 765 54274 44183 23840 8663 11680 6055 1934 3625 496 MISCELLANEOUS 994791 929227 12786 52778 MISSION TRIPS 360748 360748 OTHER STAFF EXPENSES 313033 232915 34812 45306 EDUCATION 165629 165629 8583893 6717841 484716 1381336 329264 532716 3483774 5452378 1213986 1111378 17151 32710 1444884 1374622 74235 122408 731492 223967 653329 507525 800606 1047232 94089 94089 718147 481323 8829465 10756381 263828 450475 1647566 1071940 32355 26645 1943749 1549060 X 4718152 6580586 1385168 1549957 782396 1076778 6885716 9207321 8829465 10756381 X 1910665 21666 389274 X 0 1 X 1 0 X 6619444 3958080 7174444 8732650 10605191 37089809 6619444 3958080 7174444 8732650 10605191 37089809 4095527 32994282 93845 45358 201481 116624 101751 559059 4526 635 5161 37654029 2921807 0.87620 0.82530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2424816 389737 98824 44179 2869198 2173360 245187 38909 32640 2424816 1105439 1046749 59170 20235 2191123 842420 251450 25385 13816 1105439 842420 13816 13816 842420 0.62470 0.37530 0 0 478759 75158 403601 130514 66664 63850 122219 82145 40074 507525 OTHER LIABILITIES 2645 INTEREST PAYABLE 24000 26645 X 13545772 21666 79252 3004941 3105859 10439913 54645 54645 10494558 10714994 79252 4337707 4416959 6298035 2285858 2285858 8583893 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED AS EMERGENCY RESERVE FUNDS AT THE DISCRETION OF THE HOPE INTERNATIONAL BOARD OF DIRECTORS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2009-2011) OR EXPECTED TO BE TAKEN IN HOPE'S 2012 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF FOREIGN MICROFINANCE ENTITIES REPORTED IN FINANCIAL STATEMENTS 1,778,998. HGIF GAIN REPORTED ON FINANCIAL STATEMENTS 210,425. REVENUE OF HOPE ADVANCEMENT REPORTED IN FINANCIAL STATEMENTS 1,015,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME INCLUDED IN OTHER CHANGES ON FINANCIAL STATEMENTS 54,645. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF FOREIGN MICROFINANCE ENTITIES REPORTED IN FINANCIAL STATEMENTS 4,336,727. EXPENSES OF HOPE ADVANCEMENT REPORTED ON FINANCIAL STATEMENTS 980. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO HOPE ADVANCEMENT 1,553,763. EXPENSES FOR RWANDA FIELD OFFICE 432,095. HGIF PROVISION EXPENSE NOT INCLUDED IN FINANCIAL STATEMENTS 300,000. 1 SOUTH ASIA 0 1 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN CENTRAL ASIA AND INDIA 458543 RUSSIA AND NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN UKRAINE, RUSSIA AND MOLDOVA 539068 EAST ASIA & PACIFIC 0 1 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN CHINA AND PHILIPPINES 542961 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIT WITH GROWING MICROENTERPRISE OPERATIONS IN DEMOCRATIC REPUBLIC OF CONGO, REPUBLIC OF CONGO, RWANDA, BURUNDI. 3980700 EUROPE 0 0 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN ROMANIA 11894 CENTRAL AMERICA AND CARRIBBEAN 0 4 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN DOMINICAN REPUBLIC AND HAITI 884854 SOUTH AMERICA 0 0 PROGRAM SERVICES, GRANTS TO PROGRAMS ASSIST WITH GROWING MICROENTERPRISE OPERATIONS IN PERU 57771 0 7 0 0 0 7 6475791 0 6475791 SOUTH ASIA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 70300 WIRE TRANSFER RUSSIA AND INDEDPENDENT STATES ASSIST WITH GROWING MICROENTERPRISE OPERATIONS AND CHILDREN'S MINISTRIES 10053 WIRE TRANSFER RUSSIA AND INDEDPENDENT STATES ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 10700 WIRE TRANSFER EAST ASIA AND PACIFIC ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 127747 WIRE TRANSFER SUB-SAHARAN AFRICA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 10000 WIRE TRANSFER SUB-SAHARAN AFRICA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 31938 WIRE TRANSFER SOUTH ASIA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 62316 WIRE TRANSFER SUB-SAHARAN AFRICA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 17768 WIRE TRANSFER SUB-SAHARAN AFRICA ASSIST WITH GROWING MICROENTERPRISE OPERATIONS 45376 WIRE TRANSFER FUNDING OF EAST ASIA OPERATION AND FINANCING OF LOANS TO CLIENTS EAST ASIA AND PACIFIC 1 222932 WIRE TRANSFER FUNDING OF CENTRAL AMERICA OPERATION AND FINANCING OF LOANS TO CLIENTS CENTRAL AMERICA AND THE CARIBBEAN 1 12000 WIRE TRANSFER 0 0 1 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FOREIGN ENTITIES THAT RECEIVE GRANTS FROM HOPE INTERNATIONAL ARE ALL FOCUSED ON MICROENTERPRISE DEVELOPMENT AND ARE IN LINE WITH HOPE'S MISSION TO ERADICATE BOTH PHYSICAL AND SPIRITUAL POVERTY. FOREIGN ENTITIES THAT RECEIVE FUNDING FROM HOPE ARE REQUIRED TO SUBMIT FINANCIAL INFORMATION ON AT LEAST A QUARTERLY BASIS WHICH DEPICTS BOTH THEIR FINANCIAL AND MISSION STATUS. THIS INFORMATION IS THEN REVIEWED BY HOPE INTERNATIONAL'S VP OF OPERATIONS ON A REGULAR BASIS. FURTHERMORE, REPRESENTATIVES OF HOPE INTERNATIONAL REGULARLY VISIT THE FOREIGN ENTITIES TO WHICH HOPE'S FUNDING IS GOING. PA GOLF TOURNAMENT 184267 170674 13593 7378 20263 3955 18890 HOUSTON BREAKFAST 149716 149716 2094 4699 579 215 1332 13 519967 482864 37103 14234 57836 16671 330 56239 853950 803254 50696 23706 82798 21205 545 76461 204715 -154019 1 ESPERANZA 1611 116TH AVE NE SUITE 101 BELLEVUE WA 98004 911585511 501(C)(3) 299033 ASSIST WITH GROWING MICROENTERPRISE OPERATIONS AND MISSION TRIPS. HOPE ADVANCEMENT INC 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 320360887 501(C)(3) 1553763 TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS. 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ENTITIES THAT RECEIVE GRANTS FROM HOPE INTERNATIONAL ARE ALL FOCUSED ON MICROENTERPRISE DEVELOPMENT AND ARE IN LINE WITH HOPE'S MISSION TO ERADICATE BOTH PHYSICAL AND SPIRITUAL POVERTY. ENTITIES THAT RECEIVE FUNDING FROM HOPE ARE REQUIRED TO SUBMIT FINANCIAL INFOMRATION ON AT LEAST A QUARTERLY BASIS WHICH DEPICTS BOTH THEIR FINANCIAL AND MISSION STATUS. THIS INFORMATION IS THEN REVIEWED BY HOPE INTERNATIONAL'S MANAGEMENT ON A REGULAR BASIS. FURTHERMORE, REPRESENTATIVES OF HOPE INTERNATIONAL REGULARLY VISIT THE FOREIGN ENTITIES TO WHICH HOPE'S FUNDING IS GOING. THOUGH ESPERNANZA IS BASED IN WASHINGTON STATE, IT'S PRIMARY OPERATIONS ARE IN THE DOMINICAN REPUBLIC AND HAITI. HOPE ADVANCEMENT IS CONTROLLED BY HOPE INTERNATIONAL. X 0 0 0 0 0 0 0 0 0 PETER GREER 132728 0 0 0 1170 0 0 0 17354 0 151252 0 0 0 X 8 45455 FAIR MARKET VALUE X LOAN RECEIVABLE 1 500000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE 990 IS PROVIDED TO ALL BOARD OF DIRECTOR MEMBERS PRIOR TO FILING WITH THE IRS.THE MANAGER OF EXTERNAL REPORTING AND CFO REVIEW THE 990 AND THE CFO SIGNS THE 990 UPON SATISFACTORY REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF HOPE INTERNATIONAL IS DETERMINED BY THE BOARD. HIS COMPENSATION IS BASED OFF HIS PERFORMANCE AND THEIR UNDERSTANDING OF COMPENSATION AT OTHER NONPROFITS. THE COMPENSATION OF ALL OTHER EMPLOYEES IS DETERMINED THROUGH USE OF THE PAY SCALE SCHEDULE WHICH SEGREGATES ALL EMPLOYEES INTO 4 CATEGORIES. ADMISITRATIVE ASSISTANTS ARE IN THE LOWEST TIER AND EXECUTIVES IN THE TOP TIER. RAISES ARE BASED ON MERIT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RECOGNITION OF CONTINGENT NOTE RECEIVABLE 389,274. HIGHER IMPACT PROPERTIES LLC 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 232836648 HOLDING COMPANY FOR RENTAL PROPERTIES PA 38810 503233 HOPE GLOBAL INVESTMENT FUND 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 770682619 RAISE AND PROVIDE CAPITAL TO MICROENTERPIRSE PROGRAMS FOR POVERTY VT 80399 1831683 HOPE ADVANCEMENT INC 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 320360887 TO HOLD MICROENTERPRISE ENTITIES FOR THE ADVANCEMENT OF HOPE INTERNATIONAL DE 501(C)(3) 11 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HOPE ADVANCEMENT B 1553763 CASH PAID