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Nonprofiteer
← INCREASING H O P E

Form 990 for tax year 2024

Filed by INCREASING H O P E.

Totals

Total revenue
$694,145
Total expenses
$652,096
Contributions and grants received
$644,510
Grants paid
$0
Program service revenue
$44,594
Investment income
$5
Other revenue
$5,036
Total assets, end of year
$234,555
Total liabilities, end of year
$238,318
Net assets or fund balances, end of year
-$3,763
Program services expenses (Part IX)
$486,425
Management and general expenses
$148,659
Fundraising expenses
$17,012
Program service expenses (Part III)
$486,425

Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $257,883

  • 1f · All other contributions, gifts and grants

    $386,627

  • 2a · Program service revenue: Financial Training Pro

    total $34,489 · related or exempt $34,489

  • 2b · Program service revenue: Conference Fees

    total $10,105 · related or exempt $10,105

  • 3 · Investment income

    total $5 · excluded $5

  • 11a · Other revenue: Miscellaneous

    total $5,036 · excluded $5,036

  • 11e · Other revenue, total

    $5,036

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $70,576 · program services $56,460 · management and general $7,058 · fundraising $7,058

  • 7 · Other salaries and wages

    total $182,768 · program services $121,859 · management and general $60,909

  • 10 · Payroll taxes

    total $18,999 · program services $13,373 · management and general $5,097 · fundraising $529

  • 11c · Fees: accounting

    total $31,266 · management and general $31,266

  • 11g · Fees: other

    total $55,061 · program services $48,474 · fundraising $6,587

  • 12 · Advertising and promotion

    total $18,624 · program services $18,425 · fundraising $199

  • 13 · Office expenses

    total $18,091 · program services $12,917 · management and general $4,672 · fundraising $502

  • 14 · Information technology

    total $88,604 · program services $81,373 · management and general $6,528 · fundraising $703

  • 16 · Occupancy

    total $71,966 · program services $60,221 · management and general $10,604 · fundraising $1,141

  • 17 · Travel

    total -$3 · program services -$3

  • 19 · Conferences, conventions and meetings

    total $32,076 · program services $32,076

  • 20 · Interest

    total $13,728 · management and general $13,728

  • 22 · Depreciation, depletion and amortization

    total $12,408 · program services $8,934 · management and general $3,226 · fundraising $248

  • 23 · Insurance

    total $26,557 · program services $21,961 · management and general $4,551 · fundraising $45

  • 24a · Other expenses: Other expenses

    total $8,720 · program services $7,700 · management and general $1,020

  • 24b · Other expenses: Training

    total $2,655 · program services $2,655

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,641 · end of year $84,614

  • 2 · Savings and temporary cash investments

    beginning of year $2,216 · end of year $954

  • 4 · Accounts receivable

    beginning of year $0 · end of year $56,433

  • 10a · Land, buildings and equipment: cost or other basis

    $68,174

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,678

  • 10c · Land, buildings and equipment, net

    beginning of year $43,904 · end of year $31,496

  • 15 · Other assets

    beginning of year $98,422 · end of year $61,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,384 · end of year $57,943

  • 23 · Secured mortgages and notes payable

    beginning of year $140,399 · end of year $120,161

  • 25 · Other liabilities

    beginning of year $96,212 · end of year $60,214

  • 27 · Net assets without donor restrictions

    beginning of year -$138,895 · end of year -$61,846

  • 28 · Net assets with donor restrictions

    beginning of year $93,083 · end of year $58,083

Mission and programs · 2024

Mission

The mission of Increasing H.O.P.E financial training center is to create financial freedom and stability for families in South Carolina by building assets through financial education and training.

  • Broad Community Impact Summary In 2024, Increasing H.O.P.E. Financial Training Center delivered over 660 hours of financial education, housing counseling, and small business training to more than 640 clients across Charleston, Berkeley, and Dorchester counties. The organization helped 15 families achieve homeownership, supported 156 small business owners through the I-HOPE Women's Business Center, and provided free tax preparation services to nearly 500 clients. These efforts generated more than $3.5 million in economic impact, reflecting our commitment to fostering long-term financial stability and community resilience among low- to moderate-income residents.Focused Program Accomplishments Increasing H.O.P.E. made significant strides in 2024 by expanding its financial literacy and economic empowerment programs. We supported 643 individuals through 663 hours of financial education and counseling, assisted 15 families in achieving homeownership, and provided 515 hours of small business coaching through our Women's Business Center. The Volunteer Income Tax Assistance (VITA) program served 487 clients, helping them maximize refunds and build financial security. In total, our programs produced a community impact exceeding $3.5 million.

    Expenses $486,425 · Revenue $44,594

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jill Whisonant

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ryan Benton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lordanis Karagiannidis Ph D

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Chris Kovach

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Angelia Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Herman A Baptiste MBA

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jessica Waagner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dorthea Bernique

    Executive Director

    Total calculated
    $69,392
    From this org
    $69,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 October 2025
IRS schema version
2024v5.2
Source object
202542859349300314

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