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Nonprofit · EIN 82-1629178

HIGHER PURPOSE CO

Tax-exempt · CLARKSDALE, MS 38614

Financials

$1.8M$2.6M2023$1.8M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of HIGHER PURPOSE CO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$1,806,637$2,397,717-$591,080$739,719$69,190$670,529
December 31, 2023990$1,823,132$2,591,129-$767,997$1,289,223$19,951$1,269,272
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,806,637
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$40,000
Compensation of officers, directors and key employees
$197,937
Other salaries and wages
$589,299
Salaries, compensation and benefits (total)
$1,106,108
Professional fundraising fees
$0
Legal fees
$5,000
Accounting fees
$48,592
Travel
$274,720
Program services (functional)
$2,353,513
Management and general (functional)
$44,204

Balance sheet and other

Total assets, start of year
$1,289,223
Total assets, end of year
$739,719
Total liabilities, end of year
$69,190
Net assets, end of year
$670,529
Land, buildings and equipment
$390,563
Net assets without donor restrictions
$668,512
Net assets with donor restrictions
$2,017
Gross receipts
$1,806,637
Employees
8
Year formed
2018
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.

NameTitleHours / weekCompensation
Dr Timothy E LampkinExecutive Dir.
Trustee or director, Officer
40$197,937
Dr Sondra CollinsDirector
Trustee or director
2$0
Derek Dewayne Hopson JrPresident
Trustee or director
2$0
Dr Temika SimmonsVice President
Trustee or director
2$0
Mara ScottSecretary
Trustee or director
2$0
Jacqueline JohnsonDirector
Trustee or director
2$0
Rosie BrownDirector
Trustee or director
2$0
Pamela HadleyDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Dr Sondra CollinsDirector
Trustee or director
2$0
Derek Dewayne Hopson JrPresident
Trustee or director
2$0
Dr Temika SimmonsVice President
Trustee or director
2$0
Mara ScottSecretary
Trustee or director
2$0
Jacqueline JohnsonDirector
Trustee or director
2$0
Rosie BrownDirector
Trustee or director
2$0
Pamela HadleyDirector
Trustee or director
2$0
Timothy E LampkinCEO
Officer
40$0

Address and contacts

Address (IRS master file)
130 DESOTO AVE STE 10, CLARKSDALE, MS 38614-4439
In care of
% TIM LAMPKIN
Mailing address (990-N for 2018)
130 Desoto Ave Suite 10, Clarksdale MS 38614
Principal officer (990 for 2024)
Timothy E Lampkin
Principal officer (990-N for 2018)
Timothy Lampkin, 130 Desoto Ave Suite 10, Clarksdale MS 38614
Signed the 990
Timothy E Lampkin, Executive Director
Phone
(662) 351-8849
Return prepared by
Candias Maiden CPA PLLC

Mission

The Higher Purpose Hub (HPH) is a regional nonprofit intermediary focused on improving intergenerational economic opportunity across the Mississippi Delta. HPH works with local, state, regional, and national partners to create impact.

990 for the year ended December 31, 2024

Program accomplishments

  • Program expenditures for the Higher Purpose Hub (HPH) are dedicated to education, storytelling, and grantmaking initiatives that improve intergenerational economic opportunity across the Mississippi Delta. Established in 2016 and headquartered in Clarksdale, Mississippi, HPH serves as a regional nonprofit intermediary working with local, state, and national partners to reduce generational poverty through five program pillars: Business, Capital, Art, Food, and Health. HPH operates three interconnected components: the Higher Purpose Center, which provides educational programming and community space; the Higher Purpose Network, which strengthens the capacity of rural leaders through training, collaboration, and grant support; and the Higher Purpose Fest, an annual celebration that merges community, culture, and capital through workshops and activations centered on food, music, and wellness. These efforts collectively empower residents and organizations across twenty Delta counties to expand opportunity, foster creativity, and build community wealth. All program expenses are allocated to activities that directly support education, training, and capacity-building efforts consistent with HPH?s mission to strengthen the economic and cultural vitality of the Mississippi Delta.
    Expenses $2,353,513

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-1629178
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$739,719
Income (IRS master file)
$1,806,637

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,806,637$2,397,717$739,719XML
990December 2023$1,823,132$2,591,129$1,289,223XML
990December 2022$864,131$1,065,452$1,817,362IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2018
Officer: Timothy Lampkin
December 31, 2018≤ $50,000 receipts––e-Postcard

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 82-1629178).

Questions about HIGHER PURPOSE CO

What is the EIN of HIGHER PURPOSE CO?
The employer identification number (EIN) of HIGHER PURPOSE CO is 82-1629178.
Is HIGHER PURPOSE CO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to HIGHER PURPOSE CO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HIGHER PURPOSE CO 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 HIGHER PURPOSE CO 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 HIGHER PURPOSE CO 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 HIGHER PURPOSE CO?
The 990 for the year ended December 31, 2024 names Timothy E Lampkin.
Who are the officers and directors of HIGHER PURPOSE CO?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $197,937 (Dr Timothy E Lampkin, Executive Dir.).
How much revenue does HIGHER PURPOSE CO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,806,637, expenses of $2,397,717 and total assets of $739,719 at year end.

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