Program areas at Higher Purpose Co
Business Funding Network - Provide capital matchmaking, application packaging, and customized business growth using a non-extractive integrated capital model for black entrepreneurs.
Business Ownership Education & Outreach - providing business workshops, trainings, and summits at no or low cost to entrepreneurs
Business Fellowship - six month participant program anchored by HPC's culturally relevant curriculum, business growth support and funding network. Areas of focus are food, health, arts/culture, and education.
Who funds Higher Purpose Co
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| RSF Social Finance (RSF) | 2022-12 | To Support the Capital Campaign / General Operating Support | $400,000 |
| Walton Family Foundation | 2022-12 | 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. | $400,000 |
| Surdna Foundation | 2022-06 | General Support | $190,000 |
| ...and 9 more grants received |
Personnel at Higher Purpose Co
| Name | Title | Compensation | Date of data |
|---|
| Tim Lampkin | Co - Founder and Chief Executive Officer | | 2021-07-06 |
| Timothy E Lampkin | Chief Executive Officer | $0 | 2023-11-15 |
Financials for Higher Purpose Co
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $863,957 | $1,518,368 | -43.1% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $174 | $0 | 999% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $864,131 | $1,518,368 | -43.1% |
Organizations like Higher Purpose Co
| Organization | Type | Location | Revenue |
|---|
| SF New Deal | 501(c)(3) | San Francisco, CA | $1,202,730 |
| Assets Lancaster | 501(c)(3) | Lancaster, PA | $1,513,730 |
| Grand Rapids Opportunities for Women (GROW) | 501(c)(3) | Grand Rapids, MI | $1,075,296 |
| Suazo Business Center | 501(c)(3) | Salt Lake City, UT | $1,289,713 |
| The Start Center for Entrepreneurship | 501(c)(3) | Omaha, NE | $332,318 |
| Microenterprise Collaborative of Inland Southern California | 501(c)(3) | Fontana, CA | $616,040 |
| Growth Factory | 501(c)(3) | Rocklin, CA | $431,273 |
| Colab | 501(c)(3) | Chattanooga, TN | $650,371 |
| Impact Hub MSP | 501(c)(3) | Minneapolis, MN | $361,337 |
| Create Campaign | 501(c)(3) | Wichita, KS | $662,089 |
Data update history
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
State / local levelTax deductible donations
General information
- Address
- 130 Desoto Ave Suite 10
- Clarksdale, MS 38614
- County
- Coahoma County, MS
- Website URL
- higherpurposeco.org/Â
- Phone
- (662) 592-5262
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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