Nonprofit · EIN 64-0851798
HOPE ENTERPRISE CORPORATION
Tax-exempt · JACKSON, MS 39202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,032,084 | $27,445,916 | $18,586,168 | $165,547,721 | $101,902,954 | $63,644,767 |
| December 31, 2023 | 990 | $18,999,928 | $25,123,190 | -$6,123,262 | $122,583,166 | $75,617,432 | $46,965,734 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $41,317,659
- of which government grants
- $5,536,705
- Program service revenue
- $4,717,918
- Investment income
- -$4,230
- Net gain from sales of assets
- -$25,454
- Other revenue
- $737
Expenses
- Grants and similar amounts paid
- $731,524
- Compensation of officers, directors and key employees
- $1,082,496
- Other salaries and wages
- $4,949,973
- Salaries, compensation and benefits (total)
- $6,883,489
- Professional fundraising fees
- $0
- Legal fees
- $109,865
- Accounting fees
- $284,312
- Occupancy
- $506,609
- Travel
- $521,576
- Depreciation
- $374,443
- Program services (functional)
- $19,335,734
- Management and general (functional)
- $7,495,062
- Fundraising (functional)
- $615,120
Balance sheet and other
- Total assets, start of year
- $122,583,166
- Total assets, end of year
- $165,547,721
- Total liabilities, end of year
- $101,902,954
- Net assets, end of year
- $63,644,767
- Land, buildings and equipment
- $1,916,903
- Publicly traded securities
- $45,701,797
- Net assets without donor restrictions
- $41,544,318
- Net assets with donor restrictions
- $22,100,449
- Gross receipts
- $50,302,000
- Employees
- 62
- Volunteers
- 21
- Year formed
- 1993
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM BYNUM | PRESIDENT/CEO Officer | 27.54 | $387,062 | $1,351 | $60,893 |
| ALAN BRANSON | EVP/CFO/TREASURER/ASST SECRETARY Officer | 19.76 | $114,607 | $335 | $15,046 |
| CHLOE DOTSON | EVP/CHIEF PROGRAM & STRATEGY OFFICER Officer | 27.02 | $115,212 | $6,131 | $6,531 |
| EDWARD D SIVAK JR | EVP/CHIEF POLICY & COMM. OFFICER Officer | 27.95 | $99,506 | $0 | $4,298 |
| KIMBERLA LITTLE | EVP/CHIEF HUMAN ASSETS OFFICER Officer | 21.54 | $91,375 | $0 | $9,415 |
| GOPAL NARASIMHAN | EVP/CHIEF DIGITAL & TECH. OFFICER Officer | 11.07 | $95,754 | $0 | $4,388 |
| JONATHAN MULKIN | EVP/CHIEF MORTGAGE OFFICER Officer | 7.82 | $43,121 | $0 | $1,252 |
| CASSANDRA WILLIAMS | EVP/CHIEF LENDING OFFICER Officer | 7.17 | $30,854 | $0 | $1,331 |
| PEARL WICKS | EVP/CHIEF RETAIL OFFICER Officer | 0.42 | $2,213 | $0 | $72 |
| ROBERT GIBBS | CHAIR Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| IVYE ALLEN | SECRETARY Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| CLAIBORNE BARKSDALE | DIRECTOR Trustee or director | 0.15 | $0 | $0 | $0 |
| MARC BARNES | DIRECTOR Trustee or director | 0.15 | $0 | $0 | $0 |
| ANN MARIE BURGOYNE | DIRECTOR Trustee or director | 0.15 | $0 | $0 | $0 |
| MAURICIO CALVO | DIRECTOR Trustee or director | 0.02 | $0 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSANNAH CARRIER | DIRECTOR Trustee or director | 0.15 | $0 |
| RONNIE CRUDUP | DIRECTOR Trustee or director | 0.08 | $0 |
| REBECCA DIXON | DIRECTOR Trustee or director | 0.08 | $0 |
| HERSCHELL HAMILTON | DIRECTOR Trustee or director | 0.15 | $0 |
| CAROLYN JEFFERSON | DIRECTOR Trustee or director | 0.15 | $0 |
| MAURICE JONES | DIRECTOR Trustee or director | 0.15 | $0 |
| KENDRA KEY | DIRECTOR - AS OF 12/24 Trustee or director | 0.08 | $0 |
| DAN LETENDRE | DIRECTOR Trustee or director | 0.15 | $0 |
| BLANCHE LINCOLN | DIRECTOR Trustee or director | 0.02 | $0 |
| FELECIA LUCKY | DIRECTOR Trustee or director | 0.15 | $0 |
| FRED MILLER | DIRECTOR Trustee or director | 0.15 | $0 |
| JUDY REESE MORSE | DIRECTOR Trustee or director | 0.15 | $0 |
| JEFFREY NOLAN | DIRECTOR Trustee or director | 0.15 | $0 |
| AISHA NYANDORO | DIRECTOR - AS OF 12/24 Trustee or director | 0.08 | $0 |
| ALEX WISE | DIRECTOR Trustee or director | 0.15 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM BYNUM | PRESIDENT/CEO Officer | 27.54 | $582,826 | $1,221 | $58,174 |
| EDWARD D SIVAK JR | EVP/CHIEF POLICY & COMM. OFFICER Officer | 42.91 | $164,822 | $0 | $25,686 |
| ALAN BRANSON | EVP/CFO/TREASURER/ASST SECRETARY Officer | 15.05 | $87,107 | $0 | $11,200 |
| KIMBERLA LITTLE | EVP/CHIEF HUMAN ASSETS OFFICER Officer | 20.04 | $88,526 | $0 | $8,155 |
| CASSANDRA WILLIAMS | EVP/CHIEF PROGRAM OFFICER Officer | 4.75 | $21,033 | $0 | $3,186 |
| PEARL WICKS | EVP/CHIEF OPERATING OFFICER Officer | 2.01 | $10,730 | $0 | $1,232 |
| JONATHAN MULKIN | CHIEF MORTGAGE OFFICER Officer | 12 | $5,529 | $0 | $0 |
| ROBERT GIBBS | CHAIR Trustee or director, Officer | 0.04 | $0 | $0 | $0 |
| IVYE ALLEN | SECRETARY Trustee or director, Officer | 0.04 | $0 | $0 | $0 |
| CLAIBORNE BARKSDALE | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| ANN MARIE BURGOYNE | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| MAURICIO CALVO | DIRECTOR Trustee or director | 0.27 | $0 | $0 | $0 |
| SUSANNAH CARRIER | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| RONNIE CRUDUP | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| REBECCA DIXON | DIRECTOR Trustee or director | 0.17 | $0 | $0 | $0 |
| HERSCHELL HAMILTON | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| CAROLYN JEFFERSON | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| MAURICE JONES | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| DAN LETENDRE | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| BLANCHE LINCOLN | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| FELECIA LUCKY | DIRECTOR Trustee or director | 0.17 | $0 | $0 | $0 |
| FRED MILLER | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| JUDY REESE MORSE | DIRECTOR Trustee or director | 0.17 | $0 | $0 | $0 |
| MARTHA MURPHY | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| JEFFREY NOLAN | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| BILLY PERCY | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
| ALEX WISE | DIRECTOR Trustee or director | 0.04 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 OLD RIVER PLACE, JACKSON, MS 39202-3434
- In care of
- % MITCHELL WILBANKS
- Principal officer (990 for 2024)
- WILLIAM BYNUM, 4 OLD RIVER PLACE A, JACKSON, MS 39202
- Signed the 990
- ALAN BRANSON, CFO
- Phone
- (601) 944-1100
- Website
- WWW.HOPE-EC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO STRENGTHEN THE FINANCIAL HEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES.
Program accomplishments
- COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SPECIALIZING IN COMMUNITY INFRASTRUCTURE LENDING TO EDUCATION AND HEALTH CARE FACILITIES, HEALTHY FOOD ACCESS PROVIDERS, AFFORDABLE HOUSING, AND LENDING TO SMALL AND MEDIUM SIZED BUSINESSES.Expenses $9,796,438 · grants $731,524 · revenue $1,905,363
- REGIONAL DEVELOPMENT OF SYSTEMS TO INCREASE OWNERSHIP, ENTREPRENEURSHIP, AND COMMUNITY INFRASTRUCTURE DEVELOPMENT BY EXPANDING ACCESS TO CAPITAL AND ADVISORY SERVICES.Expenses $8,267,835 · revenue $2,742,910
- HOUSING INITIATIVE PROVIDES FINANCE FOR AFFORDABLE HOUSING TO FAMILIES.Expenses $851,080 · revenue $69,644
- TECHNICAL ASSISTANCE TO SMALL AND MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES IN THE AREA OF MANAGEMENT CONSULTING AND IN THE AREAS OF IMPROVEMENTS OF PROCESSES AND SYSTEMS.Expenses $420,381
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0851798
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $165,547,721
- Income (IRS master file)
- $50,302,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,032,084 | $27,445,916 | $165,547,721 | XML |
| 990 | December 2023 | $18,999,928 | $25,123,190 | $122,583,166 | XML |
| 990 | December 2022 | $16,452,878 | $13,825,024 | $124,090,537 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0851798).
Questions about HOPE ENTERPRISE CORPORATION
- What is the EIN of HOPE ENTERPRISE CORPORATION?
- The employer identification number (EIN) of HOPE ENTERPRISE CORPORATION is 64-0851798.
- Is HOPE ENTERPRISE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOPE ENTERPRISE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE ENTERPRISE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE ENTERPRISE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE ENTERPRISE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOPE ENTERPRISE CORPORATION?
- The 990 for the year ended December 31, 2024 names WILLIAM BYNUM.
- Who are the officers and directors of HOPE ENTERPRISE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 9 received compensation from the organization, the highest $387,062 (WILLIAM BYNUM, PRESIDENT/CEO).
- How much revenue does HOPE ENTERPRISE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,032,084, expenses of $27,445,916 and total assets of $165,547,721 at year end.
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