Increasing H O P E EIN 75-3070026 Form 990 (PDF) Claim this org

Increasing H O P E FY2022 filing

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Builds assets and financial stability for South Carolina families through education and training. For fiscal year 2022 it reported $946K in revenue, $784K in expenses, and $165K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
N Charleston, SC
Website
www.increasinghope.org
Filings
5 on file (2020–2022)
Revenue
$946KFY2022
Expenses
$784K
Net assets
$165K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-3070026 Public charity (501(c)(3)) N Charleston, SC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds assets and financial stability for South Carolina families through education and training.
Leadership
Dorothea Bernique · Executive Director · $70K
Money in and out
$946K revenue, $784K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$946K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $162K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program efficiency
80%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$946K
FY2022▲ +111%
Expenses
$784K
FY2022▲ +56%
Total assets
$359K
FY2022▲ +181%
Total liabilities
$194K
FY2022▲ +56%
Total revenue
$946K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$162K
Total assetsPt X · Ln 16$359K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIncreasing H O P E
EINHdr · item D75-3070026
Principal addressHdr · item CN Charleston, SC
WebsiteHdr · item Jwww.increasinghope.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P51)
Ruling yearIRS BMFJul 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$70,164Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Dorthea Bernique’s $69K as Executive Director is at the 60th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dorothea Bernique$64,054$70,164$70,742$40,200
Dorthea Bernique$69,392

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $363K of program spending, described in the organization's own filed words · FY2022.
01

Housing Counseling

A home is an asset that allows stability, fosters long-term thinking, and builds both financial equity and commitment to a neighborhood. Homeownership is also the primary means through which most americans build wealth.

$194Kprogram expense
02

Financial Education

Americans demonstrate relatively low levels of financial literacy and have difficulty applying financial decision-making skills to real life situations. Study participants were asked five questions covering aspects of economics and finance encountered in everyday life.

$138Kprogram expense
03

Free Tax Preparation

The volunteer income tax assistance (vita) grant program is an irsinitiative designed to support free tax preparation service for theunderserved through various partner organizations. This servicehelps low- to moderate-income individuals, persons with disabilities,the elderly, and limited english speakers file their taxes each YEAR.IN…

$31Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$952K · 101%
Program service revenue$7K · 1%
Contributions & grants101%$952K
Program service revenue1%$7K
Investment income$12
— government grantsLn 1e$315K
Total revenueLn 12$946K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program services80%$626K
Management & general16%$122K
Fundraising5%$36K
Total functional expensesLn 25$784K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$359K
Total liabilitiesLn 26$194K
Total net assetsLn 32$165K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $784K
2.4 months
Where the money goes
Program services
Program services $626K · Total expenses $784K
80%
Management & General
Management & general $122K · Total expenses $784K
16%
Fundraising
Fundraising $36K · Total expenses $784K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $355K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $952K · Total revenue $946K
101%
Government reliance
Government grants $315K · Total revenue $946K
33%
Earned-income share
Program service revenue $7K · Total revenue $946K
0.8%
Investment reliance
Investment income $12 · Total revenue $946K
<0.01%
Program self-sufficiency
Program service revenue $7K · Total expenses $784K
0.9%
Growth & trend
Revenue growth (YoY)
This year $946K · Prior year $449K
+111%
Net-asset trend (YoY)
End of year $165K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $946K · Expenses $784K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $359K
Net-asset ratio
Net assets $165K · Total assets $359K
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $359K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dorothea Bernique · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $70K · Total expenses $784K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $503K · Total expenses $784K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth 111%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$694K revenue · ⤓ 990 PDF
FY2023$649K revenue · ⤓ 990 PDF
FY2022$946K revenue · viewing · ⤓ 990 PDF
FY2021$449K revenue · ⤓ 990 PDF
FY2020$253K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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