Overview
What is Increasing Hope?
Increasing Hope, based in North Charleston, South Carolina, is a nonprofit organization dedicated to promoting financial literacy and education. Despite many Americans demonstrating low levels of financial literacy and struggling with applying financial decision-making skills to real-life situations, Increasing Hope pivoted to online training during the COVID-19 pandemic and provided financial education to 174 individuals in 2021. Their mission is to create financial freedom and stability for families in South Carolina by building assets through financial education and training. In 2021, their focus extended to educating small business owners on the Paycheck Protection Plan and EIDL loans. The organization has a team of 17 dedicated individuals working tirelessly towards this mission.
Official website here: www.increasinghope.org
Is Increasing Hope legitimate?
Increasing Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Increasing Hope submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $70,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,147
For more financial information, click here
Official website here: www.increasinghope.org
What is the mission statement of Increasing Hope?
The mission of Increasing Hope Financial Training Center is aimed at promoting financial freedom and stability for families in various circumstances. They achieve this goal by offering financial education and training. Due to relatively low financial literacy levels among Americans, many struggle with applying financial decision-making skills to real-life situations. In South Carolina, for instance, 65% of individuals fail to answer more than three out of five basic financial literacy questions correctly. To address this issue, Increasing Hope provides essential financial knowledge and skills, ensuring individuals can make sound financial decisions. In 2021, despite the challenges posed by the COVID-19 pandemic, Increasing Hope adapted to online training and helped 174 individuals build their financial capabilities, including educating small business owners on the Paycheck Protection Plan and EIDL loans.
Official website here: www.increasinghope.org
Who is the CEO of Increasing Hope?
Dorothea Bernique is the Executive Director of Increasing Hope.
Official website here: www.increasinghope.org
What is the revenue of Increasing Hope?
Who are the executives of Increasing Hope and what are their salaries?
The average compensation at Increasing Hope during 2022 was $27,077. There are 17 employees and 18 volunteers at Increasing Hope.
Here are 10 key members and their salaries:
- Dorothea Bernique (Executive Director)
- Iordanis Karagiannidis (Director)
- Trina Carter (Director)
- Jill Whisonant (Director)
- Ryan Benton (Director)
- Donna D'Amato (Chair) [Trustee/Director]
- Gary Loadholt (Vice Chair) [Trustee/Director]
- Laura Bates (Secretary) [Trustee/Director]
- Kimberly Otey (Treasurer) [Trustee/Director]
- Elmire Raven (Past Chair) [Trustee/Director]
Official website here: www.increasinghope.org
Where can I find the form 990 for Increasing Hope?
The Increasing Hope’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.increasinghope.org
Learn more at the official website: www.increasinghope.org
Mission Statement of Increasing Hope
Increasing Hope Financial Training Center is a nonprofit organization dedicated to fostering financial freedom and stability for families in South Carolina. They achieve this goal by providing financial education and training. The mission of Increasing Hope is rooted in the observation that many Americans struggle with financial literacy and decision-making skills. In South Carolina, for instance, about 65% of individuals fail to answer more than three out of five financial literacy questions correctly. Furthermore, many people do not shop around for credit cards, with over half of them not comparing information from multiple companies when obtaining their credit cards.
Recognizing the importance of a basic understanding of finance, Increasing Hope offers financial education to help individuals make informed decisions. In 2021, despite the challenges posed by the COVID-19 pandemic, Increasing Hope transitioned to online training, providing instruction to 174 individuals. This training not only helped increase financial knowledge but also equipped families with the necessary skills to manage their personal finances effectively. Additionally, Increasing Hope offered training to small business owners on the Paycheck Protection Plan and EIDL loans, further extending its financial literacy reach. In summary, Increasing Hope's mission is to empower families in South Carolina by equipping them with the financial education and skills needed to achieve financial stability and independence.
Impact
This information is meant to be a general summary of Increasing Hope. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Increasing Hope's impact is significant in creating financial freedom and stability for families in South Carolina. By providing financial education and training, the organization helps individuals improve their financial literacy and decision-making skills. In 2021, despite the challenges posed by COVID-19, Increasing Hope pivoted to online training and successfully educated 174 individuals. This training included vital information on personal finance as well as guidance for small business owners on the Paycheck Protection Plan and EIDL loans. Through these efforts, Increasing Hope is making a tangible difference in increasing the knowledge and skills of families in the area of financial management.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL TRAINING
Revenue
$7,217
Organization Details
Founding Year
2005
Phone
(843) 225-4343
Principal Officer
Dorothea Bernique
Main Address
8570 RIVERS AVE 120, NORTH CHARLESTON, SC, 29406
Website
www.increasinghope.org
NTEE Category
Code: P51 - Human services
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