Totals
- Total revenue
- $1,110,655
- Total expenses
- $775,759
- Contributions and grants received
- $1,080,301
- Grants paid
- $0
- Program service revenue
- $29,290
- Investment income
- $64
- Other revenue
- $1,000
- Total assets, end of year
- $507,940
- Total liabilities, end of year
- $176,807
- Net assets or fund balances, end of year
- $331,133
- Program services expenses (Part IX)
- $581,700
- Management and general expenses
- $176,422
- Fundraising expenses
- $17,637
- Program service expenses (Part III)
- $581,700
Program services were 75.0% 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)
$293,621
-
1f · All other contributions, gifts and grants
$786,680
-
2a · Program service revenue: Financial Training Pro
total $19,290 · related or exempt $19,290
-
2b · Program service revenue: Conference Fees
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $64 · excluded $64
-
11a · Other revenue: Miscellaneous
total $1,000 · excluded $1,000
-
11e · Other revenue, total
$1,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $72,468 · program services $57,978 · management and general $7,245 · fundraising $7,245
-
7 · Other salaries and wages
total $226,954 · program services $165,926 · management and general $61,028
-
9 · Other employee benefits
total $20,073 · program services $18,582 · management and general $1,429 · fundraising $62
-
10 · Payroll taxes
total $31,866 · program services $25,626 · management and general $5,690 · fundraising $550
-
11c · Fees: accounting
total $47,928 · management and general $47,928
-
11g · Fees: other
total $120,195 · program services $110,042 · management and general $9,950 · fundraising $203
-
12 · Advertising and promotion
total $21,595 · program services $20,400 · management and general $229 · fundraising $966
-
13 · Office expenses
total $24,235 · program services $19,481 · management and general $4,372 · fundraising $382
-
14 · Information technology
total $32,766 · program services $30,800 · management and general $1,638 · fundraising $328
-
16 · Occupancy
total $101,279 · program services $85,200 · management and general $15,074 · fundraising $1,005
-
17 · Travel
total $18 · program services $18
-
19 · Conferences, conventions and meetings
total $12,969 · program services $7,157 · management and general $191 · fundraising $5,621
-
20 · Interest
total $18,347 · management and general $18,347
-
22 · Depreciation, depletion and amortization
total $14,966 · program services $11,492 · management and general $3,226 · fundraising $248
-
23 · Insurance
total $75 · management and general $75
-
24a · Other expenses: Other
total $11,854 · program services $10,827 · management and general $0 · fundraising $1,027
-
24b · Other expenses: Training
total $9,820 · program services $9,820
-
24c · Other expenses: Program support
total $8,351 · program services $8,351 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $84,614 · end of year $147,028
-
2 · Savings and temporary cash investments
beginning of year $954 · end of year $250,954
-
4 · Accounts receivable
beginning of year $56,433 · end of year $29,890
-
10a · Land, buildings and equipment: cost or other basis
$111,934
-
10b · Land, buildings and equipment: accumulated depreciation
$51,644
-
10c · Land, buildings and equipment, net
beginning of year $31,496 · end of year $60,290
-
15 · Other assets
beginning of year $61,058 · end of year $19,778
-
17 · Accounts payable and accrued expenses
beginning of year $57,943 · end of year $61,711
-
23 · Secured mortgages and notes payable
beginning of year $120,161 · end of year $92,440
-
25 · Other liabilities
beginning of year $60,214 · end of year $22,656
-
27 · Net assets without donor restrictions
beginning of year -$61,846 · end of year $31,133
-
28 · Net assets with donor restrictions
beginning of year $58,083 · end of year $300,000
Mission and programs · 2025
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 Increasing H.O.P.E. Financial Training Center delivers financial education, housing counseling, and small business training to clients across Charleston, Berkeley, and Dorchester counties. The organization helps families achieve homeownership, supported small business owners through the I-HOPE Women's Business Center, and provided free tax preparation services to clients. These efforts provides significant 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. expanded its financial literacy and economic empowerment programs. We supported individuals through financial education and counseling, assisting families in achieving homeownership, and provided small business coaching through our Women's Business Center. The Volunteer Income Tax Assistance (VITA) program helps maximize refunds and build financial security to our clients. New ServiceBeginning in February 2026, a collaborative partnership between the City of Charleston and Increasing H.O.P.E. Financial Training Center launched "The Charleston Financial Empowerment Center" (FEC). The FEC provides free, one-on-one professional financial counseling to help individuals and families improve their financial well-being. Through personalized coaching, clients receive guidance on budgeting, debt reduction, credit improvement, savings, banking, and long-term financial goal setting. The FEC empowers residents to build financial stability, increase economic opportunity, and achieve lasting financial independence. This expands the work and reach of Increasing HOPE substantially and supports future sustainability of services within the Tri county.
Expenses $581,700 · Revenue $29,290
As filed on the 2025 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
-
Chris Kovach
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Herman A Baptiste MBA
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Amber Roos
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Barbara W Stapleton
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Josiah Collins
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Troy Strother
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Thetyka Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Shawn Saulsberry
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Christian M Douomong
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Melvin Willis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dorthea Bernique
Executive Director
- Total calculated
- $72,469
- From this org
- $72,469
- 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
- 2025
- Filed
- 14 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202642269349301039
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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