NonprofitsHigher Purpose Co

Community Improvement & Capacity Building

Higher Purpose Co

CLARKSDALE, MS

Total revenue

$1.8M

Total expenses

$2.4M

Net assets

$671K

Grants received

$6.9M

52 grants

EIN

821629178

Tax year

2024

Mission

The Higher Purpose Hub (HPH) is a regional nonprofit intermediary focused on improving intergenerational economic opportunity across the Mississippi Delta. HPH works with local, state, regional, and national partners to create impact.

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue
Investment income
Other revenue
Total revenue$1.8M

Expenses

Grants paid$40K
Salaries & benefits$1.1M
Fundraising
Other expenses$1.3M
Total expenses$2.4M
Total assets$740K
Net assets$671K

People

8 listed

NameRoleCompensation

Dr Timothy E Lampkin

Executive Dir.

Board

$198K

40 hrs/wk

Dr Sondra Collins

Director

Board

2 hrs/wk

Derek Dewayne Hopson Jr

President

Board

2 hrs/wk

Dr Temika Simmons

Vice President

Board

2 hrs/wk

Mara Scott

Secretary

Board

2 hrs/wk

Jacqueline Johnson

Director

Board

2 hrs/wk

Rosie Brown

Director

Board

2 hrs/wk

Pamela Hadley

Director

Board

2 hrs/wk

Independent contractors

On the Top Security LLC

Security

$136K

Grants received

Showing 52 of 52

FromAmountPurposeYear
$500K
GENERAL SUPPORT
2024
$200K
OPERATING SUPPORT
2024
$103K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2024
$102K
Community Development
2024
$100K
GENERAL OPERATING SUPPORT
2024
$50K
TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.
2024
$5K
WORKING TOWARDS A RESILIENT AND EQUITABLE FOOD SYSTEM
2024
$5K
COMMUNITY PROGRAMMING SUPPORT
2024
$400K
To provide funding to 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.
2023
$370K
FOR EMERGENCY RELIEF
2023
$300K
Jobs and Family Economic Security
2023
$125K
IN SUPPORT OF PROVIDING BUSINESS EDUCATION, FUNDING AND NETWORKING OPPORTUNITIES FOR DISADVANTAGED SMALL BUSINESSES IN JACKSON, MS
2023
$125K
Community Development
2023
$100K
STANDARD
2023
$30K
FF-CB general operating support grant
2023
$20K
TO SUPPORT EFFORTS TO INCREASE VOTER ENGAGEMENT AROUND ISSUES OF ECONOMIC AND RACIAL JUSTICE.
2023
$12K
For grant recipient's exempt purposes
2023
$10K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$400K
To 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.
2022
$400K
TO SUPPORT THE CAPITAL CAMPAIGN / GENERAL OPERATING SUPPORT
2022
$300K
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
2022
$195K
General Support
2022
$150K
STANDARD
2022
$125K
IN SUPPORT OF PROVIDING BUSINESS EDUCATION, FUNDING, AND NETWORKING OPPORTUNITIES FOR DISADVANTAGED SMALL BUSINESSES IN JACKSON, MISSISSIPPI
2022
$50K
CHARITABLE CONTRIBUTIONS
2022
$50K
General operating support
2022
$25K
For grant recipient's exempt purposes
2022
$15K
WALMART COMMUNITY OF INQUIRY/RACIAL EQUITY PROJECT- WRE PROJECT
2022
$465K
GENERAL OPERATING SUPPORT
2021
$190K
General Support
2021
$8K
For grant recipient's exempt purposes
2021
$8K
For grant recipient's exempt purposes
2021
$2K
General & Unrestricted
2021
$634K
FOR GENERAL OPERATING SUPPORT; FOR BLACK BUSINESS RELIEF AND FOR GENERAL OPERATING SUPPORT; TO SUPPORT THE CAPITAL CAMPAIGN; FOR RESERVES
2020
$285K
GENERAL SUPPORT
2020
$200K
COVID-19 Coahoma County Business Relief Initiative
2020
$125K
COVID grant to Black-led orgs
2020
$63K
Increasing Access to Capital Options for Disadvantaged Entrepreneurs in the Mississippi Delta: Kiva Hub Mississippi Delta
2020
$50K
EQUALITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2020
$50K
Community Development
2020
$43K
For grant recipient's exempt purposes
2020
$40K
General operating support
2020
$25K
General operating support
2020
$15K
For Higher Purpose Co to work with Communities Unlimited to connect qualified minority entrepreneurs to new financing options allowing us to expand our small business lending in Clarksdale, MS and the surrounding area, while allowing Higher Purpose Co to connect their target market with relevant funding opportunities.
2020
$4K
General operating support
2020
$240K
General Support
2019
$71K
For grant recipient's exempt purposes
2019
$25K
WOMENS EMPOWERMENT
2019
$10K
PROGRAMMATIC SUPPORT
2018

Funded by

$6.9M from 27 funders · 52 grants · 2018–2024

Rsf Social Finance Inc

$2.0M · 5 grants · 2020–2024

Walton Family Foundation Inc

$1.1M · 4 grants · 2020–2023

Impactassetsinc

$785K · 2 grants · 2020–2024

Surdna Foundation Inc

$625K · 3 grants · 2019–2022

WK Kellogg Foundation

$600K · 2 grants · 2022–2023

Community Foundation For

$310K · 3 grants · 2019–2023

Silicon Valley Community Foundation

$277K · 3 grants · 2020–2024

The Rockefeller Foundation

$250K · 2 grants · 2022–2023

Details

EIN821629178
NTEE codeS20
Subsection03
Ruling date2018-09
Formed2018
Employees8
HIGHER PURPOSE CO — Mission, Financials & Grants Received | Grantivo