EIN 82-1629178

Higher Purpose Co

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Clarksdale
Year formed
2018
Most recent tax filings
2023-12-01
Description
Higher Purpose Co builds community wealth and supports black entrepreneurs in Mississippi through business funding, ownership education, and advocacy.
Total revenues
$1,823,132
2023
Total expenses
$2,591,129
2023
Total assets
$1,289,223
2023
Num. employees
8
2023

Program areas at Higher Purpose Co

The Hub
The Institute - Business Ownership Education & Outreach - providing business workshops, trainings, and summits at no or low cost to entrepreneurs
HPC General Programs

Who funds Higher Purpose Co

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Walton Family FoundationTo Build Staff Capacity, Resource Programming, and Support Renovations of An Entrepreneurial Hub To Be Made Available To Residents of Coahoma County That Teaches How To Build Personal, Community and Generational Assets, in An Area That Is Underserved, and Traditionally Lacks Access To Capital.$400,000
RSF Social Finance (RSF)To Support the Capital Campaign / General Operating Support$400,000
W.K. Kellogg Foundation (WKKF)Support Black-Owned Businesses in Mississippi With Funding and Technical Assistance (Ta) and Continue the Ongoing Networking, Fellowship and Ta for These Owners As They Focus on Their Economic Security and Entrepreneurial Development in Mississippi$300,000
...and 11 more grants received

Personnel at Higher Purpose Co

NameTitleCompensation
Timothy E LampkinChief Executive Officer$0

Financials for Higher Purpose Co

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,822,952
Program services$0
Investment income and dividends$180
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,823,132

Form 990s for Higher Purpose Co

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-14990View PDF
2022-122023-11-15990View PDF
2021-122023-05-12990View PDF
2021-122022-11-15990View PDF
2020-122021-05-26990View PDF
...and 1 more Form 990

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Data update history
July 13, 2024
Received grants
Identified 1 new grant, including a grant for $195,000 from Surdna Foundation
April 5, 2024
Used new vendors
Identified 1 new vendor, including
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 7 new grant, including a grant for $400,000 from RSF Social Finance (RSF)
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Better Place Foundation / The Ratliff Charitable Foundation
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
130 Desoto Ave Suite 10
Clarksdale, MS 38614
County
Coahoma County, MS
Website URL
higherpurposeco.org/ 
Phone
(662) 351-8849
IRS details
EIN
82-1629178
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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