2025-06-30T12:35:17-07:00 2024-12-31 201403280 FULTON & KOZAK LLC 7187 JONESBORO RD STE 100A MORROW GA 30260 990 2024-01-01 954378084 OPERATION HOPE INC OPER 4049412919 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 BRIAN BETTS PRESIDENT/CFO 2025-06-30 true true SHEILA M KOZAK CPA P00687026 7709614200 2024 2025-03-06 01:10:19Z BRIAN BETTS 191 PEACHTREE STREET NE 3840 ATLANTA GA 30303 59044195 false X WWW.OPERATIONHOPE.ORG X 1992 CA 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. 11 10 454 327 0 37054555 57075058 0 587107 291309 2700 0 37644362 57366367 1186313 1189228 0 29083544 32210282 0 2377236 9397429 8890177 39667286 42289687 -2022924 15076680 41731591 56346064 7255417 6809484 34476174 49536580 X 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. false false 27601958 200 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 39 points. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business, and Credit & Money Management. In 2024, HOPE provided 332,000 adult services and expanded our HOPE Inside network to 284 locations. Our clients achieved the following: Increased savings by $1,126 and reduced debt by $1,931. 3727505 876257 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 2024, HOPE impacted and serviced 11,089 youth and young adults. 1970050 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 462,814 unique black-owned businesses, which accounts for approximately 5% of all black-owned businesses in the U.S. 931876 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 1.5 million individuals with pre-disaster financial preparedness and counseling, post disaster financial recovery, and FEMA application assistance to families affected in 148 major disasters across 30 states and Puerto Rico. In 2024, HOPE empowered 18,011 clients across the United States with the tools and resources needed to survive and thrive before and after a disaster. 822035 FL4A- HOPE Financial Literacy for All is a national initiative to embed financial literacy into American culture, led by a prominent group of leaders from business, sports, entertainment and nonprofit sectors. This 10-year initiative will reach millions of youths and working adults by making financial literacy fun, while engaging them where they live, work, and celebrate. As of 2024, FL4A coalition members cumulative impact includes 2.1 million youths educated; 3.4 million adults educated; and 1.4 million employees educated. 379128 312771 CCAP - HOPEs Closing Cost Assistance Program (CCAP) provides closing cost assistance for clients in partnership with Fulton Bank. In 2024, the CCAP program helped clients get approved for $406,500 in closing cost assistance grants and securing more than $59.9 million in mortgage lending. Since inception, this partnership has assisted in allocating more than $10.4 million in down-payment assistance grants to help clients obtain more than 7,000 funded mortgage loans totaling more than $1.19 billion dollars. 2133039 312771 35432552 true true false false false false false false false false true false false false true true true false false false false false false false false false false false true true false false false false false true false false true false false false true false false false false true 828 0 false 454 true false true SF false false false false false 0 false false false false false false false X 11 10 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 VT WA WI WV X X X BRIAN BETTS PRESIDENT CFO 4049412920 191 PEACHTREE ST STE 3840 ATLANTA GA 30303 JOHN BRYANT Chairman/CEO 40.00 0.00 X X 694271 0 25210 BRIAN BETTS PRESIDENT/CFO 40.00 0.00 X 404395 0 19137 RACHAEL DOFF SEVP/CAO 40.00 0.00 X 301272 0 19397 LANCE TRIGGS EVP, PROGRAMS 40.00 0.00 253292 0 15838 KEVIN BOUCHER EVP, CHIEF COMM. & STRAT OFFICER 40.00 0.00 262292 0 2836 MARY HAGERTY EVP, PARTNERSHIP 40.00 0.00 220388 0 21499 JENNIFER WOLFORD EVP, CHIEF INNOVATION OFFICER 40.00 0.00 232222 0 7048 JENA ROSCOE SVP GOVT RELATIONS & PUBLIC AFFAIRS 40.00 0.00 175523 0 11858 RODRICK MCGREW EVP, CHIEF CULTURAL OFFICER 40.00 0.00 184568 0 2503 JAMES EDWARD EBERHART EVP, CHIEF EXPERIENCE OFFICER 40.00 0.00 174790 0 5774 KEITH HARRIS EVP CPO 40.00 0.00 162562 0 2529 WILLIAM FAIR DIRECTOR, BUS CUL 40.00 0.00 143548 0 15660 NICOLE PIETRO EVP CDO 40.00 0.00 154392 0 810 EVELYN DUCOULOMBIER SVP, C&C AFFAIRS 40.00 0.00 136942 0 14439 JASON SCHRAUB SVP, PARTNERSHIPS 40.00 0.00 137511 0 10589 MICHAEL SMITH SVP FINANCE & ACCT 40.00 0.00 129772 0 17296 ALEX SUTTON SVP, IT 40.00 0.00 132584 0 9630 LISA BORDERS BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL AROUGHETI BOARD MEMBER 1.00 0.00 X 0 0 0 BRYAN JORDAN BOARD MEMBER 1.00 0.00 X 0 0 0 TIM WELSH BOARD MEMBER 1.00 0.00 X 0 0 0 SARAH FRIAR 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 BRAD HANSON BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK MARTELL BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN RYAN ESQ BOARD MEMBER 1.00 0.00 X 0 0 0 3900324 202053 21 false true false BA-SHEN WELCH 739 ST CHARLES AVE NE ATLANTA GA 30306 CONSULTATION 109000 IACC LLC 19032 SNOWBERRY COURT LEESBURG VA 20176 CONSULTATION 548080 PER SE MEDIA GROUP LLC 2221 PEACHTREE RD NE STE D510 ATLANTA GA 30309 PUBLIC RELATIONS 295263 MEDEL COMMUNICATIONS LLC 3 CLUMBUS CIRCLE NEW YORK NY 10019 PUBLIC RELATIONS 246875 FLYING FROG CONSULTANTS LLC 2985 GORDY PKWY MARIETTA GA 30066 CONSULTATION 167975 5 1921949 55153109 89206 57075058 0 250598 250598 0 0 0 1718539 1677828 40711 40711 40711 0 0 0 0 57366367 291309 0 1189228 1189228 0 0 4102377 2022859 1124322 955196 0 23485420 21344318 1594056 547046 0 2604389 2251444 177344 175601 2018096 1613216 227516 177364 0 46867 850 46017 83374 83374 0 0 0 2202349 1750970 417783 33596 384813 265975 104815 14023 1611121 1313896 180294 116931 0 0 434709 223699 209510 1500 1040043 694093 51698 294252 0 1387633 1387633 113254 113254 0 756477 676214 73736 6527 331883 258896 51144 21843 TELECOMMUNICATION 345424 304922 22862 17640 CONTRACT LABOR 113637 97920 15717 IN-KIND GOODS 38593 36419 2174 0 42289687 35432552 4479899 2377236 2068683 1688828 5255037 5322962 27589883 43817493 0 0 0 0 0 233365 203024 7614186 4840375 3530288 2773811 1392478 1128976 0 0 0 1661857 1410970 41731591 56346064 3718094 4461131 1801016 853110 1736307 1495243 7255417 6809484 X -5912734 -9578202 40388908 59114782 34476174 49536580 41731591 56346064 X 15076680 183726 -200000 X false true X true true true X 25431479 45308407 38145680 37054555 57075058 203015179 0 0 25431479 45308407 38145680 37054555 57075058 203015179 44937278 158077901 21106 5234 63709 593473 250598 934120 0 642 642 203949941 0.77510 0.76660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100000 1100000 700000 41453 658547 994290 829396 164894 4663021 3904669 758352 156875 64857 92018 2773811 OPERATING LEASES LIABILITY 1495243 1495243 X 62697893 183726 5147800 5331526 57366367 57366367 47637487 5147800 200000 5347800 42289687 42289687 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 2021. Part XII, Line 2d: Other expenses and losses per audited F/S BAD DEBT $200000 true 0 0 CLIENT ASSISTANCE-CCAP 239 312771 FMV CLIENT ASSISTANCE-HELPING HAND FUND 19 9899 FMV CLIENT INCENTIVE 3337 866558 FMV Grantmaker's Description of How Grants are Used FINANCIAL LITERACY PROGRAM GRADUATE INCENTIVE OPERATION HOPE PROVIDED SIX MONTHS OF FINANCIAL LITERACY AND EMPOWERMENT CURRICULUM THROUGH PERSONAL FINANCIAL COACHING FOR BUDGETING, SAVING, IMPROVING CREDIT SCORES, AND ESTABLISHING AND MANAGING CREDIT. IN ADDITION TO COMPLETING THE PROGRAM, GRADUATES ALSO RECEIVED $1,000 TO BEGIN SAVING, INVESTING, OR PAYING DOWN DEBT IN HONOR OF THEIR NEWLY LEARNED FINANCIAL LITERACY SKILLS. THE LIST OF GRADUATES AND SUPPORTING DOCUMENTION WAS PROVIDED BY OPERATION HOPE COACHES TO THE ACCOUNTING DEPARTMENT TO PROCESS PAYMENTS. THE CFO PROVIDED PAYMENT APPROVALS PRIOR TO DISTRIBUTION OF FUNDS.CHILD SAVINGS ACCOUNT - THE HOPE CHILD SAVINGS ACCOUNT (CSA) PROGRAM PROVIDES QUALIFYING ATLANTA PUBLIC SCHOOL (APS) KINDERGARTNERS WITH A FREE SAVINGS ACCOUNT AND A ONE-TIME DEPOSIT OF $50. THE SAVINGS ACCOUNT, MANAGED BY OPERATION HOPE, WILL BE A STARTING POINT FOR SAVINGS RESERVED FOR EXPENSES RELATED TO POST-SECONDARY EDUCATION AND CAREER PREPARATION. HOPE AND APS WILL WORK TOGETHER TO CREATE OTHER OPPORTUNITIES FOR ADDITIONAL INCENTIVE DEPOSITS. STUDENTS AND THEIR FAMILIES WILL BE ENCOURAGED TO ADD TO THE SAVINGS ACCOUNTS AS WELL. THE ELIGIBLE LIST OF STUDENTS IS PROVIDED BY APS TO THE DIRECTOR OF THE PROGRAM AND A SAVINGS ACCOUNT IS SETUP FOR EACH STUDENT. ACCOUNT STATUS, AS WELL AS CONTINUED ELIGIBILITY, IS MANAGED BY A THIRD-PARTY PORTAL PROVIDED BY THE BANKING INSTITUTION IN WHICH THE ACCOUNTS ARE DEPOSITED AND HELD. UPON GRADUATION FROM AN APS HIGHSCHOOL, THE ACCOUNTING DEPARTMENT WILL BE PROVIDED WITH ACCOUNT BALANCES AND SUPPORTING DOCUMENTATION TO REVIEW AND PROCESS PAYMENTS. CFO WILL APPROVE ALL PAYMENTS PRIOR TO DISTRIBUTION OF FUNDS. X X true true X X X X false false false false false false false false false BRIAN BETTS PRESIDENT/CFO 329395 75000 10350 8787 423532 EVELYN DUCOULOMBIER SVP, C&C AFFAIRS 124192 12750 3722 10717 151381 JAMES EDWARD EBERHART EVP, CHIEF EXPERIENCE OFFICER 158965 15825 5244 530 180564 JENA ROSCOE SVP GOVT RELATIONS & PUBLIC AFFAIRS 161523 14000 4714 7144 187381 JENNIFER WOLFORD EVP, CHIEF INNOVATION OFFICER 202222 30000 6383 665 239270 JOHN BRYANT Chairman/CEO 574271 120000 10350 14860 719481 KEITH HARRIS EVP CPO 148062 14500 2029 500 165091 KEVIN BOUCHER EVP, CHIEF COMM. & STRAT OFFICER 219292 43000 2105 731 265128 LANCE TRIGGS EVP, PROGRAMS 207292 46000 1331 14507 269130 MARY HAGERTY EVP, PARTNERSHIP 185388 35000 6992 14507 241887 NICOLE PIETRO EVP CDO 134392 20000 810 155202 RACHAEL DOFF SEVP/CAO 246272 55000 7713 11684 320669 RODRICK MCGREW EVP, CHIEF CULTURAL OFFICER 166568 18000 925 1578 187071 WILLIAM FAIR DIRECTOR, BUS CUL 132548 11000 1265 14395 159208 Part I, Line 1a: Relevant information in regards to selections on 1a. JOHN BRYANT FOUNDER, CHAIR,CEO 57563 SEE PART V false Schedule L, Part V Supplemental Information The Promise Homes CompanyThe Promise Homes Company (TPHC) is an owner of single-family residential properties for working class and middle-class communities.Operation HOPE received $43,750 and $0 in membership from TPHC in 2024 and 2023 respectively. As a member, TPHC provided their residents with access to Operation HOPEs financial coaching services. Operation HOPE received $0 and $2,700 in 2024 and 2023 respectively for rent and office expenses associated with two workspaces provided for TPHC.Operation HOPE received $13,813 and $0 in 2024 and 2023 respectively for HOPE Inside Adult workshops and sessions as well as Youth programming to residents of TPHC.The Founder, Chairman, and CEO of Operation HOPE stepped down as managing partner at TPHC but remains a shareholder. He receives compensation through distributions upon sale of assets.Bryant Family FoundationOperation HOPE received a pledge of $12,500 from Bryant Family Foundation in 2022. The pledge was restricted to the Youth Program and was paid in full in 2024.John and Chaitra BryantOperation HOPE received a multi-year pledge of $2,500,000 from John and Chaitra Bryant in 2021 that is to be paid in 2029.The pledge was restricted to $1,250,000 directed to the benefit of employees, $750,000 to form Operation HOPEs endowment, $200,000 for Operation HOPEs One Million Black Businesses (1MBB) initiative, $200,000 for Operation HOPEs Financial Literacy For All (FL4A) initiative, and $100,000 for capacity building.Officers SpouseOperation HOPE engaged in transactions with a company owned by Officers Spouse. These transactions were conducted at arms length and totaled $36,640 during 2024. Payments reflect reimbursement of expenses and not compensation for services. Board MembersHOPEs board members included representatives from banks where both the term loan and line of credit are held. Many of HOPEs board members are representatives from banks where HOPEs programs are offered. As part of the program, some banks have donated office space to Hope. In addition, the banks make annual donations to HOPE programs.Board Member CommitmentsDuring the fiscal year ending 2024, certain members of the Board of Directors have committed multi-year financial pledges to support the organization's mission. The total amount pledged was $210,000 with $70,000 pledged for future support. The pledged amounts are recognized as receivable in the financial statements, with a corresponding increase in net assets with donor restrictions. X 1 50613 FMV HGF 6 38593 FMV false true false Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED AND APPROVED BY THE CFO AND AUDIT COMMITTEE PRIOR TO SUBMISSION TO THE GOVERNING BOARD FOR FINAL APPROVAL BEFORE FILING. Form 990, Part VI, Section B, Line 12c Directors are required to submit conflict of interest questionnaires to the board's governance committee. Directors are also requested to notify the full board if any conflicts of interest arises between surveys. Form 990, Part VI, Section B, Line 15a the exec compensation committee of the board of directors reviews the compensation annually for the officers and executive leadership. Form 990, Part VI, Section B, Line 15b the exec compensation committee of the board of directors reviews the compensation annually for the officers and executive leadership. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S ACCOUNTANT PROVIDES A COPY OF FORM 990 SPECIFICALLY FOR PUBLIC INSPECTION. THE ORGANIZATION POSTS A COPY OF FORM 990 TO the agency website,GUIDESTAR, and charity navigator along with making the return available upon request. Form 990, Part XI, Line 9 BAD DEBT = -$200000 HOPE ADVISORS LLC 191 PEACHTREE ST NE STE 3840 ATLANTA GA 30303 208380765 CONSULTING GA OPERATION HOPE INC OPERATION HOPE PROPERTIES LLC 191 PEACHTREE ST NE STE 3840 ATLANTA GA 30303 REAL ESTATE GA 1758000 OPERATION HOPE INC false false false false false false false false false false false false false false false false false false false