Civic Intelligence

Higher Purpose Co

990 • Fiscal year 2019 • EIN 82-1629178

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileHIGHERPURPOSECO.ORG
PO Box 2148Clarksdale, MS 38614

(662) 592-5262

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

77%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets29th percentile

Assets

$1,200,735

No earlier filing loaded for comparison.

Net Assets

$1,186,632

No earlier filing loaded for comparison.

Liabilities

$14,103

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin97th percentile

Revenue

$1,522,645

No earlier filing loaded for comparison.

Expenses

$349,152

No earlier filing loaded for comparison.

Net Income

$1,173,493

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2019: $1,200,735Liabilities 2019: $14,103Net Assets 2019: $1,186,6322019Assets 2020: $1,980,554Liabilities 2020: $0Net Assets 2020: $1,980,5542020Assets 2021: $2,003,170Liabilities 2021: $2,569Net Assets 2021: $2,000,6012021Assets 2022: $1,817,362Liabilities 2022: $43,675Net Assets 2022: $1,773,6872022Assets 2023: $1,289,223Liabilities 2023: $19,951Net Assets 2023: $1,269,2722023Assets 2024: $739,719Liabilities 2024: $69,190Net Assets 2024: $670,5292024

Highlighted filing

2019

Assets$1,200,735
Liabilities$14,103
Net Assets$1,186,632
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $1,522,645Expenses 2019: $349,152Net Income 2019: $1,173,4932019Revenue 2020: $2,226,835Expenses 2020: $1,360,344Net Income 2020: $866,4912020Revenue 2021: $1,518,587Expenses 2021: $1,140,551Net Income 2021: $378,0362021Revenue 2022: $864,131Expenses 2022: $1,065,452Net Income 2022: -$201,3212022Revenue 2023: $1,823,132Expenses 2023: $2,591,129Net Income 2023: -$767,9972023Revenue 2024: $1,806,637Expenses 2024: $2,397,717Net Income 2024: -$591,0802024

Highlighted filing

2019

Revenue$1,522,645
Expenses$349,152
Net Income$1,173,493
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$1,522,645
Mission and Program Overview

Mission

Building community wealth with Black residents in Mississippi by supporting the ownership of financial, cultural, and political power, using an integrated model of business ownership, narrative change, and advocacy.

Mission is to build community wealth with black residents in mississippi by supporting the ownership of financial, cultural, and political power. The theory of change is anchored by an integrated model: assets, building, narrative change, and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,139$574,795▲ $561,656
Savings and Temporary Cash Investments-$411,576-
Land, Buildings, and Equipment, Net-$214,364-
Total Assets$13,139$1,200,735▲ $1,187,596
Liabilities
Accounts Payable and Accrued Expenses-$14,103-
Total Liabilities$0$14,103▲ $14,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,139$1,186,632▲ $1,173,493
Total Net Assets Fund Balance$13,139$1,186,632▲ $1,173,493
Total Liabilities and Net Assets / Fund Balance$13,139$1,200,735▲ $1,187,596

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$214,364-$214,364
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Timothy LampkinCEOFT$19,678$19,678

Board Members and Trustees

NameTitle
Dr Sondra CollinsChair
Derek Dewayne Hopson JrBoard Member
Dr Temika SimmonsBoard Member
Krystal BeachumSecretary
Pamela HadleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,522,645
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,522,645
Change in Net Assets
$1,173,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,499
Salaries, Compensation, and Employee Benefits$131,653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,477$17,378-$115,855
Travel$3,754$46,192-$49,946
Payroll Taxes$13,428$2,370-$15,798
Advertising$3,445$11,928-$15,373
Office Expenses$467$12,275-$12,742
All Other Expenses-$10,973-$10,973
Other Expenses$13,004$6,963-$6,963
Fees for Services Accounting-$6,950-$6,950
Occupancy-$5,881-$5,881
Conferences and Meetings$3,060--$3,060
Fees for Services Legal-$256-$256
Total Functional Expenses$161,316$187,836$0$349,152
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The ceo provides a copy to the audit committee for review and approval.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts are identified and discussed to develop a suitable solution.”

Form 990, Page 6, Part VI, Line 15A

“The ceo's salary is determined by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Ceo determines employees salaries.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Higher Purpose Co
EIN
82-1629178
Phone
6625925262
Address
PO BOX 2148, CLARKSDALE, MS 38614

Signing Officer

Name
Timothy Lampkin
Title
CEO
Phone
6625925262
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Lampkin
Formed
2018
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
5
Employees
7
Volunteers
12

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Sheldon Bruno
Phone
5042848733
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Mission is to build community wealth with black residents in mississippi by supporting the ownership of financial, cultural, and political power. The theory of change is anchored by an integrated model: assets, building, narrative change, and advocacy.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION IS TO BUILD COMMUNITY WEALTH WITH BLACK RESIDENTS IN MISSISSIPPI BY SUPPORTING THE OWNERSHIP OF FINANCIAL, CULTURAL, AND POLITICAL POWER. THE THEORY OF CHANGE IS ANCHORED BY AN INTEGRATED MODEL: ASSETS, BUILDING, NARRATIVE CHANGE, AND ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO PROVIDES A COPY TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS ARE IDENTIFIED AND DISCUSSED TO DEVELOP A SUITABLE SOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CEO DETERMINES EMPLOYEES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PhoneNum06625925262
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
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ReturnHeader/Filer/PhoneNum06625925262
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2148
ReturnHeader/Filer/USAddress/CityNm0CLARKSDALE
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ReturnHeader/FilingSecurityInformation/IPTm011:37:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720877929
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRUNO & TERVALON LLP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04298 ELYSIAN FIELDS AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ORLEANS
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ReturnHeader/ReturnTs02020-11-13T11:37:47-06:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,200,735
Liabilities
$14,103
Net assets
$1,186,632
Revenue
$1,522,645
Expenses
$349,152
Net income
$1,173,493
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.07$0.67$1.81$2.40$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.02$1.27$1.82$2.59$0.77
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.04$1.77$0.86$1.07$0.20
2021Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$1.52$1.14$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$2.23$1.36$0.87
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.01$1.19$1.52$0.35$1.17