Civic Intelligence

Higher Purpose Co

990 • Fiscal year 2024 • EIN 82-1629178

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 15, 2025

Organization Profilewww.higherpurposeco.org
130 Desoto Ave Suite 10Clarksdale, MS 38614

(662) 351-8849

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$739,719

Flat from 2024

Net Assets

Flat

$670,529

Flat from 2024

Liabilities

Flat

$69,190

Flat from 2024

Revenue And Expenses

Revenue

Flat

$1,806,637

Flat from 2024

Expenses

Flat

$2,397,717

Flat from 2024

Net Income

Flat

-$591,080

Flat from 2024

Historical Trend

Balance Sheet Trend

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: $670,5292024Assets 2024: $739,719Liabilities 2024: $69,190Net Assets 2024: $670,5292024

Highlighted filing

2024

Assets$739,719
Liabilities$69,190
Net Assets$670,529
Open 2024 Filing

Operations Trend

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: -$591,0802024Revenue 2024: $1,806,637Expenses 2024: $2,397,717Net Income 2024: -$591,0802024

Highlighted filing

2024

Revenue$1,806,637
Expenses$2,397,717
Net Income-$591,080
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,806,637
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$159,559$390,563▲ $231,004
Cash and Non-Interest-Bearing Accounts$815,176$328,215▼ $486,961
Accounts Receivable$300,300$0▼ $300,300
Prepaid Expenses and Deferred Charges$14,188$18,729▲ $4,541
Pledges and Grants Receivable-$1,400-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,289,223$739,719▼ $549,504
Other Assets Total-$812-
Liabilities
Accounts Payable and Accrued Expenses$19,951$69,190▲ $49,239
Total Liabilities$19,951$69,190▲ $49,239
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$459,940$668,512▲ $208,572
Net Assets With Donor Restrictions$809,332$2,017▼ $807,315
Total Net Assets Fund Balance$1,269,272$670,529▼ $598,743
Total Liabilities and Net Assets / Fund Balance$1,289,223$739,719▼ $549,504

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$362,563$27,027$389,590
Land$28,000-$28,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Derek Dewayne Hopson JrPresident
Dr Temika SimmonsVice President
Dr Sondra CollinsDirector
Jacqueline JohnsonDirector
Pamela HadleyDirector
Rosie BrownDirector
Timothy E LampkinCEO
Mara ScottSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,806,637
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,806,637
Change in Net Assets
$-591,080

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,806,637
Total Revenue per Audited Statements
$1,806,637
Total Revenue per Form 990
$1,806,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,251,609
Salaries, Compensation, and Employee Benefits$1,106,108
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$787,236--$787,236
Fees for Services Other$645,887$450-$646,337
Travel$274,720--$274,720
Other Employee Benefits$204,398--$204,398
All Other Expenses$100,292--$100,292
Payroll Taxes$93,578--$93,578
Fees for Services Accounting$48,592--$48,592
Advertising-$29,080-$29,080
Other Expenses$26,706--$26,706
Pension Plan Contributions$20,896--$20,896
Grants to Domestic Individuals$20,000--$20,000
Grants to Domestic Orgs$20,000--$20,000
Insurance-$11,016-$11,016
Fees for Services Legal$5,000--$5,000
Office Expenses-$3,658-$3,658
Interest$95--$95
Total Functional Expenses$2,353,513$44,204$0$2,397,717

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,397,717
Total Expenses per Audited Statements$2,397,717
Total Expenses per Form 990$2,397,717
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11B

“The CEO provides a copy of the Form 990 to the Audit Committee for review.”

Form 990, Part VI, Section B, Line 12C

“Conflicts are identified and discussed for a suitable solution.”

Form 990, Part VI, Section B, Line 15A

“The Board of Directors determines and approves the CEO salary.”

Form 990, Part VI, Section B, Line 15B

“The CEO reviews and approves employee salaries.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Higher Purpose Co
EIN
82-1629178
Phone
6623518849
Address
130 Desoto Ave Suite 10, Clarksdale, MS 38614

Signing Officer

Name
Timothy E Lampkin
Title
CEO
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy E Lampkin
Formed
2018
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
5
Employees
8

Preparer

Firm
Candias Maiden CPA PLLC
Address
153 Magnolia Place Circle, Brandon, MS 39047
Preparer
Candias Maiden CPA
Phone
6623025810
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01806637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01743991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0896742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02217185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06664555
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt06664555
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01806637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01743991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0896742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02217185
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06664555
IRS990ScheduleA/TotalSupportAmt06664555
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0362563
IRS990ScheduleD/BuildingsGrp/DepreciationAmt027027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0389590
IRS990ScheduleD/ExpensesSubtotalAmt02397717
IRS990ScheduleD/LandGrp/BookValueAmt028000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028000
IRS990ScheduleD/RevenueSubtotalAmt01806637
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0390563
IRS990ScheduleD/TotalExpensesPerForm990Amt02397717
IRS990ScheduleD/TotalRevenuePerForm990Amt01806637
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01806637
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02397717
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The CEO provides a copy of the Form 990 to the Audit Committee for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts are identified and discussed for a suitable solution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors determines and approves the CEO salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The CEO reviews and approves employee salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0739719
IRS990/TotalAssetsGrp/BOYAmt01289223
IRS990/TotalAssetsGrp/EOYAmt0739719
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01806637
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044204
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02353513
IRS990/TotalFunctionalExpensesGrp/TotalAmt02397717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019951
IRS990/TotalLiabilitiesEOYAmt069190
IRS990/TotalLiabilitiesGrp/BOYAmt019951
IRS990/TotalLiabilitiesGrp/EOYAmt069190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01269272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0670529
IRS990/TotalProgramServiceExpensesAmt02353513
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01806637
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01289223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0739719
IRS990/TravelGrp/ProgramServicesAmt0274720
IRS990/TravelGrp/TotalAmt0274720
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0130 Desoto Ave Suite 10
IRS990/USAddress/CityNm0Clarksdale
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038614
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.higherpurposeco.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy E Lampkin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Higher Purpose Co
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0821629178
ReturnHeader/Filer/PhoneNum06623518849
ReturnHeader/Filer/USAddress/AddressLine1Txt0130 Desoto Ave Suite 10
ReturnHeader/Filer/USAddress/CityNm0Clarksdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038614
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822815565
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Candias Maiden CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0153 Magnolia Place Circle

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$739,719
Liabilities
$69,190
Net assets
$670,529
Revenue
$1,806,637
Expenses
$2,397,717
Net income
-$591,080
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.07$0.67$1.81$2.40$0.59
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