2024-10-16T16:17:11-05:00 2023-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2023-01-01 320360887 HOPE ADVANCEMENT INC HOPE 7174643220 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 JESSE CASLER TREASURER OF THE BOARD 7174643220 2024-10-16 1 0 HARRISON PEREIRA P00746867 2159798800 2024-10-14 2023 2024-10-15 13:58:12Z JESSE CASLER 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 12671460 0 X WWW.HOPEINTERNATIONAL.ORG X 2011 DE TO HOLD, DEVELOP AND MANAGE INVESTMENTS IN MICROENTERPRISE DEVELOPMENT ORGANIZATIONS ON BEHALF OF AND TO ADVANCE THE PURPOSES OF HOPE INTERNATIONAL IN A MANNER CONSISTENT WITH THE CHARITABLE OBJECTIVES OF HOPE INTERNATIONAL. 3 0 0 0 0 0 8471016 12322317 0 0 173667 226372 11164 122771 8655847 12671460 1304481 652158 0 0 0 0 0 0 0 211449 850842 1515930 1503000 7139917 11168460 22546257 31990859 2935578 6214079 19610679 25776780 TO HOLD, DEVELOP, AND MANAGE INVESTMENTS IN MICROENTERPRISE DEVELOPMENT ORGANIZATIONS ON BEHALF OF AND TO ADVANCE THE PURPOSES OF HOPE INTERNATIONAL IN A MANNER CONSISTENT WITH THE CHARITABLE OBJECTIVES OF HOPE INTERNATIONAL. 0 0 1444137 652158 SUPPORT HOPE INTERNATIONAL BY PROVIDING OPERATIONAL AND FINANCIAL SUPPORT. 1444137 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 0 0 0 0 1 BY CF HA HK MI RW UP ZA ZI KE DR TZ 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X JESSE CASLER 7174643220 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 PETER GREER PRESIDENT 0.50 52.00 X X 0 141900 36592 JESSE CASLER TREASURER 0.50 45.00 X X 0 83605 31232 MICAH CRIST SECRETARY 0.50 45.00 X X 0 83753 25364 0 309258 93188 0 0 1 0 0 12322317 12322317 226372 226372 MISCELLANEOUS INCOME 900099 122771 122771 122771 12671460 0 0 349143 652158 652158 2500 2500 10 10 63579 63579 LOAN LOSS EXPENSE 728400 728400 FINANCE EXPENSES 49389 49389 BANK FEES 5944 5944 1020 1020 1503000 1444137 58863 0 4936770 78123 4241654 8616776 13102315 22290965 265518 1004995 22546257 31990859 230276 185430 2371237 5690588 334065 338061 2935578 6214079 X 19610679 25776780 19610679 25776780 22546257 31990859 X 11168460 -5002359 X 0 1 X 1 0 X X 1 HOPE INTERNATIONAL 232836648 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN SUBSIDIARIES 22290965 F 22290965 MICROFINANCE LOANS PAYABLE 318000 INTEREST PAYABLE 20061 338061 X PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2020-2022) OR EXPECTED TO BE TAKEN IN HOPE'S 2023 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 0 SUBSAHARAN AFRICA 0 0 INVESTMENTS 14741416 RUSSIA AND NEIGHBORING STATES 0 0 INVESTMENTS 2898203 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 550317 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3786011 0 0 0 0 0 0 21975947 0 21975947 0 0 1 0 0 0 PART I, LINE 2: FOREIGN ENTITIES THAT RECEIVE GRANTS FROM HOPE ADVANCEMENT ARE ALL FOCUSED ON MICROENTERPRISE DEVELOPMENT AND ARE IN LINE WITH HOPE'S MISSION TO ALLEVIATE BOTH PHYSICAL AND SPIRITUAL POVERTY. FOREIGN ENTITIES THAT RECEIVE FUNDING FROM HOPE ADVANCEMENT ARE REQUIRED TO SUBMIT FINANCIAL INFORMATION WHICH DEPICTS BOTH THEIR FINANCIAL AND MISSION STATUS ON AT LEAST A QUARTERLY BASIS. THIS INFORMATION IS THEN REVIEWED BY HOPE'S CHIEF OPERATING OFFICER ON A REGULAR BASIS. FURTHERMORE, REPRESENTATIVES OF HOPE ADVANCEMENT REGULARLY VISIT THE FOREIGN ENTITIES THAT RECEIVE HOPE ADVANCEMENT'S FUNDING. 1 HOPE INTERNATIONAL 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 232836648 501(C)(3) 134552 0 TO ASSIST WITH THE ORGANIZATION'S OPERATIONS INTERNATIONAL GENEROSITY FOUNDATION TRUST 1901 ULMERTON ROAD SUITE 400 CLEARWATER FL 33762 843754469 501(C)(3) 517606 0 FOR ORGANIZATION'S BUYOUT OF WORLD RELIEF'S SHARES IN TURAME. 2 0 PART I, LINE 2: ENTITIES THAT RECEIVE GRANTS FROM HOPE ADVANCEMENT ARE ALL FOCUSED ON MICROENTERPRISE DEVELOPMENT AND ARE IN LINE WITH HOPE'S MISSION TO ALLEVIATE BOTH PHYSICAL AND SPIRITUAL POVERTY. ENTITIES THAT RECEIVE FUNDING FROM HOPE ARE REQUIRED TO SUBMIT FINANCIAL INFORMATION WHICH DEPICTS BOTH THEIR FINANCIAL AND MISSION STATUS ON AT LEAST A QUARTERLY BASIS. THIS INFORMATION IS THEN REVIEWED BY HOPE'S MANAGEMENT ON A REGULAR BASIS. 0 0 0 0 0 0 0 0 0 PETER GREER PRESIDENT 0 140310 0 0 0 1590 0 5000 0 31592 0 178492 0 0 FORM 990, PART VI, SECTION A, LINE 2 PETER GREER,JESSE CASLER & MICAH CRIST ARE ALL EMPLOYED AT HOPE INTERNATIONAL, A NOT-FOR-PROFIT ORGANIZATION, FOR WHICH PETER GREER IS PRESIDENT AND CEO AS WELL AS A BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE HOPE ADVANCEMENT BOARD OF DIRECTORS RECEIVES THE 990 PRIOR TO SUBMISSION TO THE IRS. THE TREASURER OR SECRETARY OF THE HOPE ADVANCEMENT BOARD REVIEWS AND APPROVES THE 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A FORMAL CONFLICT OF INTEREST POLICY AND AN ANNUAL POLICY ACKNOWLEDGEMENT IS SIGNED BY ALL STAFF TO TRACK COMPLIANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XI, LINE 9: LOSS ON FOREIGN CURRENCY TRANSLATION -2,155,275. LOSS ON FOREIGN CURRENCY TRANSACTIONS -68,236. OTHER INVESTMENT INCOME -2,877,251. INTERCOMPANY ELIMINATIONS 98,403. HOPE GLOBAL INVESTMENTS 227 GRANITE RUN DRIVE SUITE 250 LANCASTER PA 17601 834270963 RAISE AND PROVIDE CAPITAL TO MICROENTERPRISE PROGRAMS TO ALLEVIATE POVERTY DE 228676 6156221 HOPE ADVANCEMENT INC HOPE INTERNATIONAL 227 GRANITE RUN DRIVE LANCASTER PA 17601 232836648 TO INVEST IN THE DREAMS OF FAMILIES THE WORLD'S UNDERSERVED COMMUNITIES PA 501(C)(3) 7 0 HOPE BURUNDI SG AVENUE BURAGANE QUARTER ZEIMIT - BUJUMBURA BY 6488 SAVINGS GROUP PROGRAM BY 0 HOPE INTERNATIONAL FOUNDATION (HK) LIMITED ROOM 1307-8 DOMINION CENTER 43-59 WANCHAI HK FUNDRAISING HK 0 HOPE ZAMBIA SG PLOT NO 1125 1ST FLOOR BAU HOUSE LUSAKA ZA SAVINGS GROUP PROGRAM ZA 0 HOPE HAITI SG 10 RUE ACACIA AVENUE DES TOURTEREL PORTAUPRINCE HA SAVINGS GROUP PROGRAM HA 0 HOPE ZIMBABWE SG 23 GOLDEN STAIRS RD EMERALD HILL HARARE ZI SAVINGS GROUP PROGRAM ZI 0 HOPE MALAWI SG AREA 47/2/330 ALONG ABC RD ADJAC LILONGWE MI SAVINGS GROUP PROGRAM MI 0 HOPE TANZANIA SG PO BOX 12422 ARUSHA TZ SAVINGS GROUP PROGRAM TZ 0 ASOCIACION ESPERANZA INTERNACIONAL INC FRANK FELIX MIRANDA 1 ENSANCHE NA SANTO DOMINGO DR MICROFINANCE DR 0 URWEGO FINANCE CBC KN 5 RD RUKIRI-REMERA-GASABO UMUY KIGALI RW MICROFINANCE RW C 0.99690 0 HOPE CONGO BP 15 130 82 RUE IEKANA MOUNGALI BRAZZAVILLE CF MICROFINANCE CF C 1.00000 0 HOPE UKRAINE OLEKSANDRA MYSHUHY STR BUILDING 10 KYIV UP 02141 MICROFINANCE UP C 0.85310 0 TURAME COMMUNITY FINANCE SA PO BOX 2893 N 33 AVENUE DE LA R BUJUMBURA BY MICROFINANCE BY C 0.14990 0 HOPE ADVANCEMENT - REGISTERED IN RWANDA REMERA GASABO UMUJYI WA KIGALI KIGALI RW PROVIDE IT SUPPORT, PROFESSIONAL SERVICES, AND CONSULTING SERVICES RW C 1.00000 0 SMEP MICROFINANCE BANK KIRICHWA RD OFF ARGWINGS KODHEK RO NAIROBI KE MICROFINANCE KE C 0.51000 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0