Overview
What is Higher Purpose Co?
Higher Purpose Co is a nonprofit organization, specifically based in Clarksdale, Mississippi, with an address at 130 Desoto Ave Suite 10, 38614. Their primary mission is to foster community wealth among Black residents in Mississippi. They achieve this goal through a three-pronged approach: business ownership, narrative change, and advocacy. Specifically, Higher Purpose Co provides capital matchmaking, application packaging, and customized business growth services to support Black entrepreneurs in the state. Their integrated capital model aims to empower Black residents by helping them gain financial, cultural, and political power. The organization currently employs a team of eight individuals.
Official website here: www.higherpurposeco.org
Is Higher Purpose Co legitimate?
Higher Purpose Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Higher Purpose Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,753
For more financial information, click here
What is the mission statement of Higher Purpose Co?
Higher Purpose Co, an organization, is committed to fostering community wealth among Black residents in Mississippi. They achieve this goal by promoting the ownership of financial, cultural, and political power. Utilizing an integrated approach, they combine business ownership, narrative change, and advocacy to bring about meaningful change. Through their Business Funding Network, they offer capital matchmaking, assist with business growth applications, and employ a non-extractive integrated capital model, specifically for Black entrepreneurs.
Official website here: www.higherpurposeco.org
Who is the CEO of Higher Purpose Co?
Timothy E Lampkin is the Director of Higher Purpose Co. The CEO's salary of Higher Purpose Co is $0 and their total compensation is $0.
Official website here: www.higherpurposeco.org
What is the revenue of Higher Purpose Co?
Who are the executives of Higher Purpose Co and what are their salaries?
The average compensation at Higher Purpose Co during 2022 was $46,844. There are 8 employees at Higher Purpose Co.
Here are 8 key members and their salaries (Higher Purpose Co's CEO's salary is $0 and their total compensation is $0):
- Dr Sondra Collins (Director)
- Derek Dewayne Hopson Jr (President) [Trustee/Director]
- Dr Temika Simmons (Vice President) [Trustee/Director]
- Mara Scott (Secretary) [Trustee/Director]
- Jacqueline Johnson (Director)
- Rosie Brown (Director)
- Timothy E Lampkin (Ceo)
- Krystal Beachum (Director)
Official website here: www.higherpurposeco.org
Where can I find the form 990 for Higher Purpose Co?
The Higher Purpose Co’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.higherpurposeco.org
Learn more at the official website: www.higherpurposeco.org
Mission Statement of Higher Purpose Co
Higher Purpose Co, a nonprofit organization, is dedicated to fostering community wealth among Black residents in Mississippi. They achieve this mission through an integrated approach that encompasses business ownership, narrative change, and advocacy. This strategy aims to empower Black residents by supporting their ownership of financial, cultural, and political power. By providing capital matchmaking, application packaging, and customized business growth services using a non-extractive integrated capital model, Higher Purpose Co assists Black entrepreneurs in their endeavors. This nonprofit also recognizes the importance of narrative change and employs it as a tool to shift societal perceptions and promote a more inclusive and equitable environment for Black residents. Additionally, Higher Purpose Co engages in advocacy efforts to further their mission and amplify the voices of the Black community in Mississippi.
Impact
This information is meant to be a general summary of Higher Purpose Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Higher Purpose Co is making a significant impact on the Black community in Mississippi by empowering residents to own and control their financial, cultural, and political power. Through its unique approach of business ownership, narrative change, and advocacy, Higher Purpose Co is actively building community wealth and fostering economic growth among Black entrepreneurs in Clarksdale, Mississippi. By providing capital matchmaking, application packaging, and tailored business growth support, Higher Purpose Co is not only creating economic opportunities but also driving positive social change. Its work is crucial in advancing the cause of community improvement and ensuring that Black residents have the tools and resources needed to thrive.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2018
Phone
(662) 592-5262
Principal Officer
Timothy E Lampkin
Main Address
130 Desoto Ave Suite 10, Clarksdale, MS, 38614
Website
www.higherpurposeco.org
NTEE Category
Code: S20 - Community improvement
If you are a representative of Higher Purpose Co and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.