Operation HOPE, Inc.

Last updated
Operation HOPE, Inc
Operation HOPE logo.jpg
FormationMay 5, 1992
Type Non-profit
Purpose Financial literacy
Headquarters Atlanta, Georgia
Region served
United States, South Africa
  • Founder,
  • Chairman,
  • Chief Executive Officer
John Hope Bryant
Website www.operationhope.org

Operation HOPE, Inc., is an American non-profit organization providing financial literacy empowerment and economic education to youth and adults. The mission of this organization is providing everybody with enterprise work and the programs carried out by Operation HOPE, Inc. Andrew Young is the global spokesman of the organization and John Hope Bryant is the chairman. [1]

Contents

Operation HOPE serves 4,000 inner city schools, 500 low-wealth communities, and conducts programs in South Africa, Saudi Arabia, Morocco, and the United Arab Emirates. Bryant has procured $2 billion in private investments to support the organization's mission. [2] [3] [4] [5] [6] [7] [8]

History

Operation HOPE, Inc., was founded by John Hope Bryant on May 5, 1992, immediately following the 1992 Rodney King riots in Los Angeles, California. [9]

On October 8, 2019, Operation HOPE reported it is reissuing the 2017 audited financial statements and is also reorganizing to improve its operations and finances.

Programs and services

Project 5117

Project 5117's aim is to help the economically weaker section of the society. Project 5117 has an alliance with the U.S. Consumer Financial Protection Bureau (CFPB). Project 5117 stands for 5 million youth empowered, out of them turning 1 million into future entrepreneurs, opening 1,000 empowerment centers and attaining 700 credit score communities. [10] [11]

Youth Empowerment Group

Youth Empowerment Group, also called Banking on Our Future, focuses on improving the dignity and economic self-sufficiency of people in under-served communities by providing them with financial literacy.

HOPE Coalition America

HOPE Coalition America is a financial emergency preparedness and recovery service. It provides financial and economic assistance to those affected by natural disasters. It also provides pre-disaster preparedness planning.

HOPE Corps

HOPE Corps comprises Operation HOPE's network of volunteers. The volunteers promote financial self-sufficiency and empowerment in the areas where this kind of knowledge is most helpful. [12] [13]

Office of Small Business & Entrepreneurship

This wing of Operation HOPE promotes youth entrepreneurship by creating communities of economic opportunities. The program aims to increasing the number of young Americans involved in small business and entrepreneurship. [14]

1MBB

1MBB (One Million Black Businesses) is an initiative launched in 2020 to start, grow, and scale 1 million Black businesses by 2030, by providing access to the critical tools, resources and education needed for their ventures. [15]

Related Research Articles

Mercy Corps Non-governmental humanitarian aid organization

Mercy Corps is a global non-governmental, humanitarian aid organization operating in transitional contexts that have undergone, or have been undergoing, various forms of economic, environmental, social and political instabilities. The organization claims to have assisted more than 220 million people survive humanitarian conflicts, seek improvements in livelihoods, and deliver durable development to their communities. In 2019, senior staff resigned following public disclosure of the organization's longtime inaction over its co-founder's sexual abuse of his daughter.

Rainbow/PUSH American non-profit organization

Rainbow/PUSH is a Chicago-based nonprofit organization formed as a merger of two nonprofit organizations founded by Jesse Jackson; Operation PUSH and the National Rainbow Coalition. The organizations pursue social justice, civil rights, and political activism.

FreshMinistries is a non-profit organization based in Jacksonville, Florida whose goal is to eradicate poverty, improve race relations and build stronger communities. The group focuses on economic development, job training and health initiatives in core-city Jacksonville and is also engaged in international projects.

Youth empowerment Process where young people are encouraged to take charge of their lives

Youth empowerment is a process where children and young people are encouraged to take charge of their lives. They do this by addressing their situation and then take action in order to improve their access to resources and transform their consciousness through their beliefs, values, and attitudes. Youth empowerment aims to improve quality of life. Youth empowerment is achieved through participation in youth empowerment programs. However scholars argue that children's rights implementation should go beyond learning about formal rights and procedures to give birth to a concrete experience of rights. There are numerous models that youth empowerment programs use that help youth achieve empowerment. A variety of youth empowerment initiatives are underway around the world. These programs can be through non-profit organizations, government organizations, schools or private organizations.

Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, Japan, the United States, and the United Kingdom. Understanding basic financial concepts allows people to know how to navigate in the financial system. People with appropriate financial literacy training make better financial decisions and manage money better than those without such training.

Citizen Corps is a program under the Department of Homeland Security that provides training for the population of the United States to assist in the recovery after a disaster or terrorist attack. Each local Citizen Corps Council partners with organizations, volunteers and businesses to organize responders, volunteers and professional first responders for an efficient response so efforts are not wasted by being duplicated. By training in Incident Command, volunteers know whom to report to and how the incident is organized. This prevents sites from being inundated by untrained and unprepared personnel preventing operation. Citizen Corps also works in conjunction with the Corporation for National and Community Service in promoting national service opportunities for promoting homeland security needs.

John Hope Bryant

John Hope Bryant is an American financial literacy entrepreneur and businessman. Bryant is the founder, chairman and chief executive officer of nonprofit Operation HOPE, chief executive officer of Bryant Group Ventures and The Promise Homes Company, co-founder of Global Dignity, advisor to business and government and author of bestselling books on economics and leadership. He served as a member of the President's Advisory Council on Financial Capability, the vice chair on the U.S. President's Advisory Council on Financial Literacy and as the chairman of the Committee on the Underserved.

The Polish American Association (PAA) is a non-profit human services agency that serves the diverse needs of the Chicago Polish immigrant community.

Trickle Up is a nonprofit international development organization that empowers people living in extreme poverty, defined as less than $1.90 a day. Trickle Up's primary focus and expertise is reaching the most vulnerable and excluded women, people with disabilities, members of indigenous groups, and refugees in the Americas, Africa, and India. These groups are disproportionately affected by extreme poverty. They are also the most likely to be beyond the reach of government programs and other anti-poverty NGOs.

Community Action Services and Food Bank

Community Action Services and Food Bank (CASFB), located in Provo, Utah, is a non-profit organization that serves the low-income population of Utah, Summit, and Wasatch counties and focuses on the operation of programs that help alleviate poverty. It was founded in 1967 following the signing of the Economic Opportunity Act in 1964 by President Lyndon B. Johnson and is one of more than 1,000 independent Community Action Agencies across the country. It is sponsored by United Way of Utah County.

TechnoServe Nonprofit organisation in the USA

TechnoServe is an international nonprofit that promotes business solutions to poverty in the developing world by linking people to information, capital and markets. It is a registered 501(c)(3) based in Washington, D.C., with over 1,540 employees across 29 countries worldwide.

Pathways Out of Poverty (POP) is an American workforce development program that was established on August 14, 2009 by the Obama administration and funded by the American Recovery and Reinvestment Act (ARRA) of 2009. The Department of Labor's Employment and Training Administration announced POP grantees on January 13, 2010. POP targets individuals living below or near the poverty level to provide them with skills needed to enter the green job market, focusing on the energy efficiency and renewable energy industries. The training programs focus on teaching basic literacy and job readiness skills. Some of the programs also provide supportive assistance with childcare and transportation to overcome barriers to employment.

Poverty in Sri Lanka is 4%. Sri Lanka's life expectancy and literacy rate are nearly on par with those of developed countries, and even top the rankings for the South Asia region. While all these indicate that Sri Lanka should be experiencing a high standard of living, until recently it has only ranked in the medium category of the Human Development Index (HDI). This is despite the fact that Sri Lanka has been experiencing moderate growth in its GDP averaging 5.5 per annum between 2006 and 2009. One of the reasons is due to its relatively low GDP per capital;. The Sri Lankan government has been successful in reducing poverty from 15.2% on 2006 to 8.9% in 2010, urban poverty was reduced from 6.7 to 5.3% while rural poverty was reduced from 15.7 to 9.5%, and the nation has made significant progress towards achieving Millennium Development Goals on eradicating extreme poverty and hunger.

Libertys Kitchen

Liberty's Kitchen is a non-profit organization, located in the Mid-City New Orleans Neighborhood. Liberty's Kitchen opened its doors in April 2009 after a grant from the W. K. Kellogg Foundation. This nonprofit cafe doubles as a training program for teens and young adults who want to change the course of their lives. Liberty's Kitchen provides their students with marketable job skills and experience, and allows them to learn the culinary techniques behind cooking from scratch.

Jeroo Billimoria Indian businesswoman

Jeroo Billimoria is an Indian social entrepreneur and the founder of several international NGOs. Her work has been featured in several books. Her most recent initiatives include Aflatoun, Childline India Foundation and Child Helpline International. Her most recent initiative is Child and Youth Finance International (CYFI), which Jeroo founded in 2011.

Monica Mehta is an American financial journalist and investor. She authored The Entrepreneurial Instinct: How Everyone Has the Innate Ability to Start a Successful Small Business and writes small business and finance columns for Inc. and Entrepreneur. She also writes for the Wall Street Journal's "The Experts." Mehta has appeared on national cable networks including Fox News, Fox Business, CNBC, CNN, Bloomberg Television, MSNBC and HBO. She is a managing principal at Seventh Capital, a Texas-based investment firm.

Silatech is an organization based in Qatar, spearheaded by the wife of the former Emir of Qatar Sheikha Mozah bint Nasser. The current CEO of this organization is Ms Sabah AlHaidoos. Silatech means "your connection" in Arabic. The initiative seeks to create jobs and economic opportunities for young people in the Arab world, targeting 18- to 30-year-olds. by 2016, Silatech claims to have helped 200,000 young Arabs to obtain jobs. The initiative’s model involves building partnerships with governments, private companies and NGOs.

Uganda National Entrepreneurship Development Institute

The Uganda National Entrepreneurship Development Institute (UNEDI) is a privately owned national resource development institution in Uganda whose focus area is entrepreneurship education, training and research. The institute provides training techniques, faculty support, consultancy, research as well as teaching and development of entrepreneurship training materials.

Coca-Cola India is a subsidiary of The Coca-Cola Company and operates in India.

The Hispanic Federation (HF) is a U.S based non-governmental organization focused on supporting Hispanic communities through local, state, and national advocacy. The Federation was founded in New York City in 1990 by a small group of Latino leaders, establishing initiatives to advocate for the interests of the Hispanic community and has expanded to establish programs, and policies in 16 states. The organization's objective is to empower and advance the Hispanic community primarily through service pillars, membership services, advocacy, and community programs. The Federation has formed relationships with a network of 100 Latino grassroots nonprofits, as well as collaborating with organizations, government officials, and private sector partners to enact systemic change related to a variety of socioeconomic issues for Hispanic communities. The Federation has gained national recognition for its work in areas of education, health, immigration, economic empowerment, civic engagement, environment, and organizational development to strengthening Latino institutions to ultimately increase the quality of life within Hispanic communities.

References

  1. Dawkins, Mckinzie. "Operation HOPE Founder, Inspiring Change Through Financial Literacy". Huffington Post.
  2. Barnes, Mo. "John Hope Bryant discusses Atlanta, economic self-victimization, and negative economic energy". rollingout.
  3. "Economics-based ways of closing U.S. income gaps". Ledger Enquirer.
  4. Gill, John. "Operation HOPE marks 100th program placement". mainelymediallc.
  5. Wight, Patt. "Scarborough's 'Operation Hope' Celebrates Addiction Treatment Milestone". Memphis News.
  6. Bailey, Thomas. "First Horizon's Jordan appointed to Operation HOPE board". Commercial Appeal.
  7. "Operation HOPE, Inc". Bryant Group Ventures.
  8. "The Coca-Cola System Announces $1 Million Contribution to Operation HOPE". bevnet.
  9. "Inspiring Change Through Financial Literacy". ebony.
  10. "Hope Global Forums 2016: Building financial literacy at an early age creates entrepreneurship". rollingout.
  11. Gordon, Saul. "Youth financial literacy necessary for growth". saudigazette.
  12. "John Hope Bryant". Coca Cola Company.
  13. Haskey, Mike. "Job Spotlight: Don Thomas, financial management counselor with Operation Hope". Ledger Enquirer.{{cite web}}: Missing or empty |url= (help)
  14. "First Tennessee Bank Expands Operation HOPE Free Financial Empowerment Counseling to Nashville". Forex TV.
  15. NFL extends support for Atlanta-based social justice organizations