Totals
- Total revenue
- $57,366,367
- Total expenses
- $42,289,687
- Contributions and grants received
- $57,075,058
- Grants paid
- $1,189,228
- Program service revenue
- $0
- Investment income
- $291,309
- Other revenue
- $0
- Total assets, end of year
- $56,346,064
- Total liabilities, end of year
- $6,809,484
- Net assets or fund balances, end of year
- $49,536,580
- Program services expenses (Part IX)
- $35,432,552
- Management and general expenses
- $4,479,899
- Fundraising expenses
- $2,377,236
- Program service expenses (Part III)
- $35,432,552
Program services were 83.8% 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)
$1,921,949
-
1f · All other contributions, gifts and grants
$55,153,109
-
1g · Noncash contributions included above
$89,206
-
3 · Investment income
total $250,598 · excluded $250,598
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,718,539
-
7b · Less cost or other basis and sales expenses
securities $1,677,828
-
7c · Gain or loss
securities $40,711
-
7d · Net gain or loss
total $40,711 · excluded $40,711
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,189,228 · program services $1,189,228
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $4,102,377 · program services $2,022,859 · management and general $1,124,322 · fundraising $955,196
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $23,485,420 · program services $21,344,318 · management and general $1,594,056 · fundraising $547,046
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,604,389 · program services $2,251,444 · management and general $177,344 · fundraising $175,601
-
10 · Payroll taxes
total $2,018,096 · program services $1,613,216 · management and general $227,516 · fundraising $177,364
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $46,867 · program services $850 · management and general $46,017
-
11c · Fees: accounting
total $83,374 · management and general $83,374
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,202,349 · program services $1,750,970 · management and general $417,783 · fundraising $33,596
-
12 · Advertising and promotion
total $384,813 · program services $265,975 · management and general $104,815 · fundraising $14,023
-
13 · Office expenses
total $1,611,121 · program services $1,313,896 · management and general $180,294 · fundraising $116,931
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $434,709 · program services $223,699 · management and general $209,510 · fundraising $1,500
-
17 · Travel
total $1,040,043 · program services $694,093 · management and general $51,698 · fundraising $294,252
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,387,633 · program services $1,387,633
-
20 · Interest
total $113,254 · management and general $113,254
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $756,477 · program services $676,214 · management and general $73,736 · fundraising $6,527
-
23 · Insurance
total $331,883 · program services $258,896 · management and general $51,144 · fundraising $21,843
-
24a · Other expenses: TELECOMMUNICATION
total $345,424 · program services $304,922 · management and general $22,862 · fundraising $17,640
-
24b · Other expenses: CONTRACT LABOR
total $113,637 · program services $97,920 · fundraising $15,717
-
24c · Other expenses: IN-KIND GOODS
total $38,593 · program services $36,419 · management and general $2,174
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,068,683 · end of year $1,688,828
-
2 · Savings and temporary cash investments
beginning of year $5,255,037 · end of year $5,322,962
-
3 · Pledges and grants receivable
beginning of year $27,589,883 · end of year $43,817,493
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $233,365 · end of year $203,024
-
10a · Land, buildings and equipment: cost or other basis
$7,614,186
-
10b · Land, buildings and equipment: accumulated depreciation
$4,840,375
-
10c · Land, buildings and equipment, net
beginning of year $3,530,288 · end of year $2,773,811
-
11 · Investments: publicly traded securities
beginning of year $1,392,478 · end of year $1,128,976
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,661,857 · end of year $1,410,970
-
17 · Accounts payable and accrued expenses
beginning of year $3,718,094 · end of year $4,461,131
-
24 · Unsecured notes and loans payable
beginning of year $1,801,016 · end of year $853,110
-
25 · Other liabilities
beginning of year $1,736,307 · end of year $1,495,243
-
27 · Net assets without donor restrictions
beginning of year -$5,912,734 · end of year -$9,578,202
-
28 · Net assets with donor restrictions
beginning of year $40,388,908 · end of year $59,114,782
Mission and programs · 2024
Mission
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.
-
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.
Expenses $27,601,958 · Grants $200
-
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.
Expenses $3,727,505 · Grants $876,257
-
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.
Expenses $1,970,050
-
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.
Expenses $931,876
-
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.
Expenses $822,035
-
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.
Expenses $379,128 · Grants $312,771
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John BryantJOHN BRYANT
Chairman/CEO
- Total calculated
- $719,481
- From this org
- $694,271
- From related orgs
- $0
- Other
- $25,210
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $574,271
- Bonus
- $120,000
- Other
- not reported
- Deferred
- $10,350
- Nontaxable benefits
- $14,860
- Filer's total
- $719,481
-
Brian BettsBRIAN BETTS
PRESIDENT/CFO
- Total calculated
- $423,532
- From this org
- $404,395
- From related orgs
- $0
- Other
- $19,137
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $329,395
- Bonus
- $75,000
- Other
- not reported
- Deferred
- $10,350
- Nontaxable benefits
- $8,787
- Filer's total
- $423,532
-
Rachael DoffRACHAEL DOFF
SEVP/CAO
- Total calculated
- $320,669
- From this org
- $301,272
- From related orgs
- $0
- Other
- $19,397
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $246,272
- Bonus
- $55,000
- Other
- not reported
- Deferred
- $7,713
- Nontaxable benefits
- $11,684
- Filer's total
- $320,669
-
Lance TriggsLANCE TRIGGS
EVP, PROGRAMS
- Total calculated
- $269,130
- From this org
- $253,292
- From related orgs
- $0
- Other
- $15,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,292
- Bonus
- $46,000
- Other
- not reported
- Deferred
- $1,331
- Nontaxable benefits
- $14,507
- Filer's total
- $269,130
-
Kevin BoucherKEVIN BOUCHER
EVP, CHIEF COMM. & STRAT OFFICER
- Total calculated
- $265,128
- From this org
- $262,292
- From related orgs
- $0
- Other
- $2,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,292
- Bonus
- $43,000
- Other
- not reported
- Deferred
- $2,105
- Nontaxable benefits
- $731
- Filer's total
- $265,128
-
Mary HagertyMARY HAGERTY
EVP, PARTNERSHIP
- Total calculated
- $241,887
- From this org
- $220,388
- From related orgs
- $0
- Other
- $21,499
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,388
- Bonus
- $35,000
- Other
- not reported
- Deferred
- $6,992
- Nontaxable benefits
- $14,507
- Filer's total
- $241,887
-
Jennifer WolfordJENNIFER WOLFORD
EVP, CHIEF INNOVATION OFFICER
- Total calculated
- $239,270
- From this org
- $232,222
- From related orgs
- $0
- Other
- $7,048
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,222
- Bonus
- $30,000
- Other
- not reported
- Deferred
- $6,383
- Nontaxable benefits
- $665
- Filer's total
- $239,270
-
Jena RoscoeJENA ROSCOE
SVP GOVT RELATIONS & PUBLIC AFFAIRS
- Total calculated
- $187,381
- From this org
- $175,523
- From related orgs
- $0
- Other
- $11,858
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,523
- Bonus
- $14,000
- Other
- not reported
- Deferred
- $4,714
- Nontaxable benefits
- $7,144
- Filer's total
- $187,381
-
Rodrick McGrewRODRICK MCGREW
EVP, CHIEF CULTURAL OFFICER
- Total calculated
- $187,071
- From this org
- $184,568
- From related orgs
- $0
- Other
- $2,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,568
- Bonus
- $18,000
- Other
- not reported
- Deferred
- $925
- Nontaxable benefits
- $1,578
- Filer's total
- $187,071
-
James Edward EberhartJAMES EDWARD EBERHART
EVP, CHIEF EXPERIENCE OFFICER
- Total calculated
- $180,564
- From this org
- $174,790
- From related orgs
- $0
- Other
- $5,774
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,965
- Bonus
- $15,825
- Other
- not reported
- Deferred
- $5,244
- Nontaxable benefits
- $530
- Filer's total
- $180,564
-
Keith HarrisKEITH HARRIS
EVP CPO
- Total calculated
- $165,091
- From this org
- $162,562
- From related orgs
- $0
- Other
- $2,529
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,062
- Bonus
- $14,500
- Other
- not reported
- Deferred
- $2,029
- Nontaxable benefits
- $500
- Filer's total
- $165,091
-
William FairWILLIAM FAIR
DIRECTOR, BUS CUL
- Total calculated
- $159,208
- From this org
- $143,548
- From related orgs
- $0
- Other
- $15,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,548
- Bonus
- $11,000
- Other
- not reported
- Deferred
- $1,265
- Nontaxable benefits
- $14,395
- Filer's total
- $159,208
-
Nicole PietroNICOLE PIETRO
EVP CDO
- Total calculated
- $155,202
- From this org
- $154,392
- From related orgs
- $0
- Other
- $810
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,392
- Bonus
- $20,000
- Other
- not reported
- Deferred
- $810
- Nontaxable benefits
- not reported
- Filer's total
- $155,202
-
Evelyn DucoulombierEVELYN DUCOULOMBIER
SVP, C&C AFFAIRS
- Total calculated
- $151,381
- From this org
- $136,942
- From related orgs
- $0
- Other
- $14,439
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,192
- Bonus
- $12,750
- Other
- not reported
- Deferred
- $3,722
- Nontaxable benefits
- $10,717
- Filer's total
- $151,381
-
Jason SchraubJASON SCHRAUB
SVP, PARTNERSHIPS
- Total calculated
- $148,100
- From this org
- $137,511
- From related orgs
- $0
- Other
- $10,589
- Hours/week
- 40
-
Michael SmithMICHAEL SMITH
SVP FINANCE & ACCT
- Total calculated
- $147,068
- From this org
- $129,772
- From related orgs
- $0
- Other
- $17,296
- Hours/week
- 40
-
Alex SuttonALEX SUTTON
SVP, IT
- Total calculated
- $142,214
- From this org
- $132,584
- From related orgs
- $0
- Other
- $9,630
- Hours/week
- 40
-
Lisa BordersLISA BORDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael AroughetiMICHAEL AROUGHETI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bryan JordanBRYAN JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tim WelshTIM WELSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah FriarSARAH FRIAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jed YorkJED YORK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy WennesTIMOTHY WENNES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad HansonBRAD HANSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank MartellFRANK MARTELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Ryan EsqSTEPHEN RYAN ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HOPE ADVISORS LLC
CONSULTING · GA
Directly controlled by OPERATION HOPE INC
-
OPERATION HOPE PROPERTIES LLC
REAL ESTATE · GA · assets $1,758,000
Directly controlled by OPERATION HOPE INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202541819349300989
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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