Totals
- Total revenue
- $1,823,132
- Total expenses
- $2,591,129
- Contributions and grants received
- $1,822,952
- Grants paid
- $147,270
- Program service revenue
- $0
- Investment income
- $180
- Other revenue
- $0
- Total assets, end of year
- $1,289,223
- Total liabilities, end of year
- $19,951
- Net assets or fund balances, end of year
- $1,269,272
- Program services expenses (Part IX)
- $1,582,302
- Management and general expenses
- $975,609
- Fundraising expenses
- $33,218
- Program service expenses (Part III)
- $1,582,302
Program services were 61.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,822,952
-
3 · Investment income
total $180 · related or exempt $180
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $79,020 · program services $79,020
-
2 · Grants to domestic individuals
total $68,250 · program services $68,250
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $825,762 · program services $528,488 · management and general $297,274
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $267,584 · program services $171,254 · management and general $96,330
-
10 · Payroll taxes
total $110,311 · program services $45,478 · management and general $64,833
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $40,000 · management and general $40,000
-
11c · Fees: accounting
total $69,060 · management and general $69,060
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $427,162 · program services $307,499 · management and general $99,913 · fundraising $19,750
-
12 · Advertising and promotion
total $85,738 · program services $29,760 · management and general $52,515 · fundraising $3,463
-
13 · Office expenses
total $27,040 · program services $12,628 · management and general $14,412
-
14 · Information technology
total $16,795 · program services $2,113 · management and general $14,682
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $263,973 · program services $168,807 · management and general $94,036 · fundraising $1,130
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $11,128 · program services $320 · management and general $10,808
-
24a · Other expenses: Supplies
total $102,650 · program services $80,384 · management and general $22,266
-
24b · Other expenses: Office & Storage Rent
total $54,996 · management and general $54,996
-
24c · Other expenses: Equipment Rental
total $37,246 · program services $37,246
-
24d · Other expenses: Program Event Venue
total $26,748 · program services $24,948 · fundraising $1,800
-
24e · All other expenses
total $77,666 · program services $26,107 · management and general $44,484 · fundraising $7,075
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,659,428 · end of year $815,176
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $250,000 · end of year $300,300
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,188 · end of year $14,188
-
10a · Land, buildings and equipment: cost or other basis
$159,559
-
10c · Land, buildings and equipment, net
beginning of year $166,328 · end of year $159,559
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $43,675 · end of year $19,951
-
27 · Net assets without donor restrictions
beginning of year $2,037,269 · end of year $459,940
-
28 · Net assets with donor restrictions
end of year $809,332
Mission and programs · 2023
Mission
Higher Purpose Co mission is to improve intergenerational economic opportunity across Mississippi by prioritizing Black communities impacted by poverty. Our key programming pillars are Business Ownership, Food Justice, Arts/Culture, Workforce Development, and Public Policy. Utilizing an integrated model of community education, digital storytelling, and participatory grantmaking to create systemic impact.
-
The Hub
Expenses $405,733
-
HPC General Programs
Expenses $392,455
-
The Institute - Business Ownership Education & Outreach - providing business workshops, trainings, and summits at no or low cost to entrepreneurs
Expenses $356,625
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Sondra Collins
Director
- Total calculated
- $0
- Hours/week
- 2
-
Derek Dewayne Hopson Jr
President
- Total calculated
- $0
- Hours/week
- 2
-
Dr Temika Simmons
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Mara Scott
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jacqueline Johnson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rosie Brown
Director
- Total calculated
- $0
- Hours/week
- 2
-
Pamela Hadley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Timothy E Lampkin
CEO
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402889349302290
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.