Civic Intelligence

Operation Hope Inc.

990 • Fiscal year 2020 • EIN 95-4378084

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 07, 2021

Organization ProfileWWW.OPERATIONHOPE.ORG

View Organization Page

191 Peachtree Street NEAtlanta, GA 30303

(404) 941-2919

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.28x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.24x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$814,900

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

85th percentile

34%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

39%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$21,688,476

Up $5,489,586 (+34%) from 2019

Net Assets

Up

$15,542,955

Up $6,667,669 (+75%) from 2019

Liabilities

Down

$6,145,521

Down $1,178,083 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin81st percentile

Revenue

Up

$25,977,585

Up $7,339,427 (+39%) from 2019

Expenses

Up

$19,307,837

Up $904,094 (+4.9%) from 2019

Net Income

Up

$6,669,748

Up $6,435,333 (+2745%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $11,208,581Liabilities 2010: $1,483,425Net Assets 2010: $9,725,1562010Assets 2011: $10,507,454Liabilities 2011: $1,801,702Net Assets 2011: $8,705,7522011Assets 2012: $8,928,886Liabilities 2012: $1,958,728Net Assets 2012: $6,970,1582012Assets 2013: $9,084,110Liabilities 2013: $1,469,906Net Assets 2013: $7,614,2042013Assets 2014: $10,156,576Liabilities 2014: $2,246,004Net Assets 2014: $7,910,5722014Assets 2015: $11,242,076Liabilities 2015: $3,424,970Net Assets 2015: $7,817,1062015Assets 2016: $11,920,327Liabilities 2016: $3,578,822Net Assets 2016: $8,341,5052016Assets 2017: $14,079,672Liabilities 2017: $5,708,539Net Assets 2017: $8,371,1332017Assets 2018: $15,686,784Liabilities 2018: $6,895,198Net Assets 2018: $8,791,5862018Assets 2019: $16,198,890Liabilities 2019: $7,323,604Net Assets 2019: $8,875,2862019Assets 2020: $21,688,476Liabilities 2020: $6,145,521Net Assets 2020: $15,542,9552020Assets 2021: $42,513,861Liabilities 2021: $7,522,773Net Assets 2021: $34,991,0882021Assets 2022: $45,411,250Liabilities 2022: $8,840,845Net Assets 2022: $36,570,4052022Assets 2023: $41,731,591Liabilities 2023: $7,255,417Net Assets 2023: $34,476,1742023Assets 2024: $56,346,064Liabilities 2024: $6,809,484Net Assets 2024: $49,536,5802024

Highlighted filing

2020

Assets$21,688,476
Liabilities$6,145,521
Net Assets$15,542,955
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2010: $14,690,784Expenses 2010: $11,191,680Net Income 2010: $3,499,1042010Revenue 2011: $9,096,713Expenses 2011: $10,342,168Net Income 2011: -$1,245,4552011Revenue 2012: $7,035,202Expenses 2012: $10,393,781Net Income 2012: -$3,358,5792012Revenue 2013: $12,149,451Expenses 2013: $11,582,488Net Income 2013: $566,9632013Revenue 2014: $14,315,940Expenses 2014: $13,407,852Net Income 2014: $908,0882014Revenue 2015: $14,062,650Expenses 2015: $13,825,753Net Income 2015: $236,8972015Revenue 2016: $15,354,817Expenses 2016: $14,584,977Net Income 2016: $769,8402016Revenue 2017: $15,295,040Expenses 2017: $15,027,756Net Income 2017: $267,2842017Revenue 2018: $18,739,473Expenses 2018: $17,241,665Net Income 2018: $1,497,8082018Revenue 2019: $18,638,158Expenses 2019: $18,403,743Net Income 2019: $234,4152019Revenue 2020: $25,977,585Expenses 2020: $19,307,837Net Income 2020: $6,669,7482020Revenue 2021: $45,427,739Expenses 2021: $25,956,484Net Income 2021: $19,471,2552021Revenue 2022: $38,394,389Expenses 2022: $36,081,814Net Income 2022: $2,312,5752022Revenue 2023: $37,644,362Expenses 2023: $39,667,286Net Income 2023: -$2,022,9242023Revenue 2024: $57,366,367Expenses 2024: $42,289,687Net Income 2024: $15,076,6802024

Highlighted filing

2020

Revenue$25,977,585
Expenses$19,307,837
Net Income$6,669,748
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 7, 2021
Return Version
2020v4.0
Gross Receipts
$25,977,585
Mission and Program Overview

Mission

Operation hope is a for-purpose organization working to disrupt poverty and empower inclusion for low and moderate-income youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$12,088,342$12,928,326▲ $839,984
Savings and Temporary Cash Investments$1,250,027$4,777,077▲ $3,527,050
Cash and Non-Interest-Bearing Accounts$805,785$2,124,052▲ $1,318,267
Land, Buildings, and Equipment, Net$1,991,880$1,720,248▼ $271,632
Prepaid Expenses and Deferred Charges$54,460$99,421▲ $44,961
Investments in Publicly Traded Securities-$30,956-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$16,198,890$21,688,476▲ $5,489,586
Other Assets Total$8,396$8,396→ $0
Liabilities
Unsecured Notes Loans Payable$5,637,336$4,888,995▼ $748,341
Accounts Payable and Accrued Expenses$1,686,268$1,256,526▼ $429,742
Total Liabilities$7,323,604$6,145,521▼ $1,178,083
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,928,253$16,310,071▲ $1,381,818
Net Assets Without Donor Restrictions$-6,052,967$-767,116▲ $5,285,851
Total Net Assets Fund Balance$8,875,286$15,542,955▲ $6,667,669
Total Liabilities and Net Assets / Fund Balance$16,198,890$21,688,476▲ $5,489,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,713,957$1,542,716$3,256,673
Leasehold Improvements$6,291$776,945$783,236
Other Land Buildings-$42,585$42,585
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BryantChairman/CEOFT$550,854$264,046$814,900
Brian BettsPresident/CFOFT$233,852$62,535$296,387
Rachael DoffSevp/CAOFT$197,632$59,613$257,245
Lance TriggsEvp, ProgramsFT$162,261$42,309$204,570
Mary HagertyEvp, PartnershipFT$155,133$48,780$203,913
Kevin BoucherEvp, Relationship Management DirectFT$144,229$17,802$162,031
Elaine HungenbergEvp, Hope ResearchFT$128,832$22,202$151,034
Jena RoscoeSVP Govt AffairsFT$125,229$6,194$131,423
Caryn AndersonSVP, Mktg & CommFT$101,770$5,940$107,710

Board Members and Trustees

NameTitle
Brad HansonBoard Member
Bryan JordanBoard Member
Frank MartellBoard Member
Jed YorkBoard Member
Jeff SchmidBoard Member
Michael AroughetiBoard Member
Stephen Ryan EsqBoard Member
Timothy WennesBoard Member
Lisa BordersBoard Members

Highest Paid Contractors

ContractorServicesLocationCompensation
Jodi SmithDigital Program8033 W SUNSET BLVD 1021, Los Angeles, CA 90046$135,500
Rob McgrewConsultation8306 WILSHIRE BLVD SUITE 484, Beverly Hills, CA 90211$132,000
Irfan JafreySocial Media400 E SOUTH WATER ST 2801, Chicago, IL 60601$114,097
Revenue and Support

Revenue Composition

Contributions and Grants
$25,956,479
Program Service Revenue
$0
Investment Income
$3,106
Other Revenue
$18,000
All Other Contributions
$21,958,335
Change in Net Assets
$6,669,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,977,585
Revenue Not Reported on Form 990
$2,041,261
Total Revenue per Audited Statements
$28,018,846
Total Revenue per Form 990
$25,977,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,675,539
Other Expenses$3,934,062
Grants and Similar Amounts Paid$1,698,236
Total Fundraising Expense$862,995
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,422,490$149,446$122,766$9,694,702
Current Officers, Directors, Trustees, and Key Employees$1,177,104$652,898$499,212$2,329,214
Grants to Domestic Individuals$1,698,236--$1,698,236
Other Employee Benefits$761,554$33,736$31,663$826,953
Payroll Taxes$729,072$53,653$41,945$824,670
Fees for Services Other$432,303$161,969$26,775$621,047
Depreciation Depletion$424,834$6,978$2,400$434,212
Office Expenses$236,361$41,951$26,433$304,745
Conferences and Meetings$296,341--$296,341
Interest-$264,617-$264,617
Advertising$215,843$29,727-$245,570
Occupancy$82,088$120,786-$202,874
Insurance$140,043$23,476$10,647$174,166
Fees for Services Accounting-$121,960-$121,960
Travel$73,205-$40,550$113,755
All Other Expenses$37,074$16,089$2,096$55,259
Other Expenses$38,346$6,806$4,288$49,440
Fees for Services Legal-$23,158-$23,158
Total Functional Expenses$16,444,413$2,000,429$862,995$19,307,837

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,351,177
Expenses per Audited Statements$19,307,837
Total Expenses per Form 990$19,307,837
Expenses Not Reported on Form 990$2,043,340
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John BryantFounder, Chair,ceoSee Part VNo$18,314

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Directors are requested to notify the full board if any conflicts of interest arises, which are handled on a case by case basis. annually the board is surveyed for any potential conflicts of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“the compensation committee of the board of directors reviews the compensation annually for the CEO AND presidenT. In 2020, Hope analyzed all executive compensation with guidestar's nonprofit compensation report.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“the compensation committee of the board of directors reviews the compensation annually for the CEO AND presidenT. In 2020, Hope analyzed all executive compensation with guidestar's nonprofit compensation report.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization's accountant provides a copy of form 990 specifically for public inspection. The organization posts a copy of form 990 to guidestar.org. This copy is also available upon request.”

Filing and Contact Details

Filer

Filer Name
Operation Hope Inc
EIN
95-4378084
Phone
4049412919
Address
191 PEACHTREE STREET NE, ATLANTA, GA 30303

Signing Officer

Name
Brian Betts
Title
President/CFO
Signed
2021-06-07
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
214
Volunteers
255

Preparer

Firm
Fulton & Kozak CPA
Address
7187 JONESBORO RD STE 100A, MORROW, GA 30260
Preparer
Sheila M Kozak CPA
Phone
7709614200
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“BAD DEBT = -$7750”

Financial Statement Notes

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 2017.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Bad debt $7750 unrealized gain/loss $-5671”

Raw XML AppendixShowing 400 of 751 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Adult 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 work to raise FICO scores on average of 34 points over 6-11 months and 47 points over 12+ months of active counseling. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business and Credit. In 2020, HOPE provided 174,876 adult services in 157 HOPE Inside locations, representing 726% growth over the last 6 years.
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IRS990/Form990PartVIISectionAGrp/PersonNm16FRANK MARTELL
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHEN RYAN ESQ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEVP/CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt3EVP, PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt4EVP, PARTNERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt5EVP, RELATIONSHIP MANAGEMENT DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt6EVP, HOPE RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt7SVP GOVT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP, MKTG & COMM
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IRS990/OtherExpensesGrp/TotalAmt2192084
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IRS990/ProgSrvcAccomActy2Grp/Desc0Disaster 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 1.4 million individuals with pre-disaster financial preparedness and counseling, and post disaster financial recovery and FEMA application assistance to families affected in 148 major disasters across 30 states and Puerto Rico. In 2020, HOPE provided 62,847 disaster recovery services.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01151109
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0146701

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,688,476
Liabilities
$6,145,521
Net assets
$15,542,955
Revenue
$25,977,585
Expenses
$19,307,837
Net income
$6,669,748
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$56.3$6.81$49.5$57.4$42.3$15.1
2023Detailed filing. Detailed filing data is available for this year.$41.7$7.26$34.5$37.6$39.7$2.02
2022Detailed filing. Detailed filing data is available for this year.$45.4$8.84$36.6$38.4$36.1$2.31
2021Detailed filing. Detailed filing data is available for this year.$42.5$7.52$35.0$45.4$26.0$19.5
2020Detailed filing. Detailed filing data is available for this year.$21.7$6.15$15.5$26.0$19.3$6.67
2019Detailed filing. Detailed filing data is available for this year.$16.2$7.32$8.88$18.6$18.4$0.23
2018Detailed filing. Detailed filing data is available for this year.$15.7$6.90$8.79$18.7$17.2$1.50
2017Detailed filing. Detailed filing data is available for this year.$14.1$5.71$8.37$15.3$15.0$0.27
2016Detailed filing. Detailed filing data is available for this year.$11.9$3.58$8.34$15.4$14.6$0.77
2015Detailed filing. Detailed filing data is available for this year.$11.2$3.42$7.82$14.1$13.8$0.24
2014Detailed filing. Detailed filing data is available for this year.$10.2$2.25$7.91$14.3$13.4$0.91
2013Summary only. Only limited summary data is available for this year.$9.08$1.47$7.61$12.1$11.6$0.57
2012Summary only. Only limited summary data is available for this year.$8.93$1.96$6.97$7.04$10.4$3.36
2011Summary only. Only limited summary data is available for this year.$10.5$1.80$8.71$9.10$10.3$1.25
2010Summary only. Only limited summary data is available for this year.$11.2$1.48$9.73$14.7$11.2$3.50