Higher Purpose Co

Clarksdale, MS | http://www.higherpurposehub.org

GuideStar Charity Check

Higher Purpose Co

EIN: 82-1629178

Contributions tax deductible
as of November 2025

IRS BMF 509(a)(1)
as of November 14, 2025

View summary

Charity Check report

Mission

The Higher Purpose Hub (HPH) is a regional nonprofit intermediary improving economic opportunities for all generations in the Mississippi Delta. By operating a regional center, nonprofit network, and vibrant festival, HPH directly addresses the region's critical challenge: the nation's highest poverty rate. To spark systemic change, the organization concentrates its efforts across five key sectors: business development, capital access, healthcare access, food security, and artistic expression. HPH is headquartered in Clarksdale, MS and works across twenty-counties focus area, which includes Bolivar, Carroll, Coahoma, DeSoto, Grenada, Holmes, Humphreys, Issaquena, Leflore, Marshall, Panola, Quitman, Sharkey, Sunflower, Tallahatchie, Tate, and Tunica.

Ruling year info

2018

Founder and CEO

Dr. Tim Lampkin

Main address

130 Desoto Ave Ste 101a

Clarksdale, MS 38614-4439 USA

Show more contact info

EIN

82-1629178

Subject area info

Leadership development

Out-of-school learning

Educational exchanges

Agriculture, fishing and forestry

Agriculture

Show more subject areas

Population served info

Work status and occupations

Incarcerated people

Out-of-home youth

Dropouts

Parents

Show more populations served

NTEE code info

Community, Neighborhood Development, Improvement (S20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

End Poverty in the Mississippi Delta.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Higher Purpose Fest

Regional Fest focused on Community, Culture, and Capital in the Mississippi Delta.

Higher Purpose Network

Regional Nonprofit Network

Higher Purpose Center

Regional Economic Opportunity Center

Where we work

Mississippi (United States)

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Capital Deployed

Totals By Year

Population(s) Served

Related Program

Type of Metric

Other - describing something else

Direction of Success

Context Notes

2019-2024 Data Collection

Community Education

Totals By Year

Population(s) Served

Related Program

Type of Metric

Other - describing something else

Direction of Success

Context Notes

2019-2024 Data Collection

Jobs Retained/Created

Totals By Year

Population(s) Served

Related Program

Type of Metric

Other - describing something else

Direction of Success

Context Notes

2021-2024 Data Collection

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

Reduce poverty in the Mississippi Delta by 10% over the next ten years.

What are the organization's key strategies for making this happen?

HPH utilizes community education, storytelling, and grantmaking to create impact towards the overall organizational goal.

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

It is difficult to find the ongoing funding to support feedback collection, We don’t have the right technology to collect and aggregate feedback efficiently,

Financials

Higher Purpose Co

Fiscal year: Jan 01 - Dec 31

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023

SOURCE: IRS Form 990

55.91

Average of 174.86 over 5 years

Months of cash in 2023

SOURCE: IRS Form 990

3.8

Average of 17.2 over 5 years

Fringe rate in 2023

SOURCE: IRS Form 990

46%

Average of 24% over 5 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Higher Purpose Co

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$1,522,645
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,522,645

Expenses
Program Services	$161,316
Administration	$187,836
Fundraising	$0
Total Expenses	$349,152
Net Gain/Loss	$1,173,493

Functional expenses
Accounting Fees	$6,950
Advertising & Promotion	$15,373
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$256
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,226,279
Government Grants	$0
Program Services	$0
Investments	$466
Special Events	$0
Sales	$0
Other	$90
Total Revenue	$2,226,835

Expenses
Program Services	$640,903
Administration	$705,955
Fundraising	$13,486
Total Expenses	$1,360,344
Net Gain/Loss	$866,491

Functional expenses
Accounting Fees	$8,151
Advertising & Promotion	$32,078
Information Technology Expenses	$0
Insurance Expenses	$7,080
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$3,153
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,518,368
Government Grants	$0
Program Services	$0
Investments	$219
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,518,587

Expenses
Program Services	$314,764
Administration	$825,787
Fundraising	$0
Total Expenses	$1,140,551
Net Gain/Loss	$378,036

Functional expenses
Accounting Fees	$27,234
Advertising & Promotion	$75,685
Information Technology Expenses	$3,208
Insurance Expenses	$7,832
Interest Expenses	$8
Investment Management Fees	$0
Legal Fees	$32,685
Pension Plan Contributions	$7,627
Professional Fundraising Expenses	$0

Revenue
Contributions	$863,957
Government Grants	$0
Program Services	$0
Investments	$174
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$864,131

Expenses
Program Services	$305,954
Administration	$759,498
Fundraising	$0
Total Expenses	$1,065,452
Net Gain/Loss	($201,321)

Functional expenses
Accounting Fees	$52,227
Advertising & Promotion	$63,423
Information Technology Expenses	$2,200
Insurance Expenses	$5,598
Interest Expenses	$6
Investment Management Fees	$0
Legal Fees	$949
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,822,952
Government Grants	$0
Program Services	$0
Investments	$180
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,823,132

Expenses
Program Services	$1,582,302
Administration	$975,609
Fundraising	$33,218
Total Expenses	$2,591,129
Net Gain/Loss	($767,997)

Functional expenses
Accounting Fees	$69,060
Advertising & Promotion	$85,738
Information Technology Expenses	$16,795
Insurance Expenses	$11,128
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$40,000
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Higher Purpose Co

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$1,522,645
Cash & Equivalents	$13,139	$986,371	$973,232
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$214,364	$214,364
Other	$0	$0	$0
Total Assets	$13,139	$1,200,735	$1,187,596

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Accounts Payable	$0	$14,103	$14,103
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$14,103	$14,103

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$13,139	$1,186,632	$1,173,493
Net Assets	$13,139	$1,186,632	$1,173,493

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$2,226,279
Cash & Equivalents	$933,763	$1,800,254	$866,491
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$180,300	$180,300	$0
Other	$0	$0	$0
Total Assets	$1,114,063	$1,980,554	$866,491

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$0	$0

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,114,063	$1,980,554	$866,491
Net Assets	$1,114,063	$1,980,554	$866,491

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$1,518,368
Cash & Equivalents	$1,442,265	$1,575,966	$133,701
Accounts Receivable	$0	$250,000	$250,000
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$180,300	$169,713	($10,587)
Other	$0	$7,491	$7,491
Total Assets	$1,622,565	$2,003,170	$380,605

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Accounts Payable	$0	$2,569	$2,569
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$2,569	$2,569

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$558,088	$558,088
Unrestricted Net Assets	$1,622,565	$1,442,513	($180,052)
Net Assets	$1,622,565	$2,000,601	$378,036

Assets	Jan 01, 2022	Dec 31, 2022	Change
Contributions	$863,957
Cash & Equivalents	$1,550,374	$1,395,846	($154,528)
Accounts Receivable	$250,000	$250,000	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$169,713	$166,328	($3,385)
Other	$7,490	$5,188	($2,302)
Total Assets	$1,977,577	$1,817,362	($160,215)

Liabilities	Jan 01, 2022	Dec 31, 2022	Change
Accounts Payable	$2,569	$43,675	$41,106
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$2,569	$43,675	$41,106

Fund balance	Jan 01, 2022	Dec 31, 2022	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,975,008	$1,773,687	($201,321)
Net Assets	$1,975,008	$1,773,687	($201,321)

Assets	Jan 01, 2023	Dec 31, 2023	Change
Contributions	$1,822,952
Cash & Equivalents	$1,659,428	$815,176	($844,252)
Accounts Receivable	$250,000	$300,300	$50,300
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$166,328	$159,559	($6,769)
Other	$5,188	$14,188	$9,000
Total Assets	$2,080,944	$1,289,223	($791,721)

Liabilities	Jan 01, 2023	Dec 31, 2023	Change
Accounts Payable	$43,675	$19,951	($23,724)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$43,675	$19,951	($23,724)

Fund balance	Jan 01, 2023	Dec 31, 2023	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$809,332	$809,332
Unrestricted Net Assets	$2,037,269	$459,940	($1,577,329)
Net Assets	$2,037,269	$1,269,272	($767,997)

Higher Purpose Co

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Higher Purpose Co’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022	2023
Unrestricted surplus (deficit) before depreciation	$1,173,493	$866,491	-$174,975	-$201,321	-$1,577,329
As % of expenses	336.1%	63.7%	-15.4%	-18.9%	-60.9%
Unrestricted surplus (deficit) after depreciation	$1,173,493	$866,491	-$180,052	-$201,321	-$1,577,329
As % of expenses	336.1%	63.7%	-15.8%	-18.9%	-60.9%

Revenue composition
Total revenue (unrestricted & restricted)	$1,522,645	$2,226,835	$1,518,587	$864,131	$1,823,132
Total revenue, % change over prior year	0.0%	46.2%	-31.8%	-43.1%	111.0%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%	0.0%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	100.0%	100.0%	100.0%	100.0%	100.0%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$349,152	$1,360,344	$1,135,474	$1,065,452	$2,591,129
Total expenses, % change over prior year	0.0%	289.6%	-16.5%	-6.2%	143.2%
Personnel	37.7%	27.9%	41.5%	48.5%	46.5%
Professional fees	2.1%	15.4%	18.0%	12.6%	20.7%
Occupancy	1.7%	0.5%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	40.0%	22.0%	16.7%	5.7%
All other expenses	58.5%	16.2%	18.5%	22.2%	27.2%

Full cost components (estimated)	2019	2020	2021	2022	2023
Total expenses (after depreciation)	$349,152	$1,360,344	$1,140,551	$1,065,452	$2,591,129
One month of savings	$29,096	$113,362	$94,623	$88,788	$215,927
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$214,364	$0	$0	$0	$0
Total full costs (estimated)	$592,612	$1,473,706	$1,235,174	$1,154,240	$2,807,056

Capital structure indicators

Liquidity	2019	2020	2021	2022	2023
Months of cash	33.9	15.9	16.7	15.7	3.8
Months of cash and investments	33.9	15.9	16.7	15.7	3.8
Months of estimated liquid unrestricted net assets	33.4	15.9	13.5	18.1	1.4

Balance sheet composition	2019	2020	2021	2022	2023
Cash	$986,371	$1,800,254	$1,575,966	$1,395,846	$815,176
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$250,000	$250,000	$300,300
Gross land, buildings, equipment (LBE)	$214,364	$180,300	$180,300	$166,328	$159,559
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	5.9%	0.0%	0.0%
Liabilities (as a % of assets)	1.2%	0.0%	0.1%	2.4%	1.5%
Unrestricted net assets	$1,186,632	$1,980,554	$1,442,513	$1,773,687	$459,940
Temporarily restricted net assets	N/A	N/A	N/A	N/A	N/A
Permanently restricted net assets	N/A	N/A	N/A	N/A	N/A
Total restricted net assets	$0	$0	$558,088	$0	$809,332
Total net assets	$1,186,632	$1,980,554	$2,000,601	$1,773,687	$1,269,272

Key data checks

Key data checks	2019	2020	2021	2022	2023
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Founder and CEO

Dr. Tim Lampkin

LinkedIn profile

Dr. Tim Lampkin is the Founder and CEO of Higher Purpose Co, a 501c3 economic justice nonprofit serving Black entrepreneurs, artists, and farmers across Mississippi. Higher Purpose Co statewide membership is supported by asset building, narrative change, and advocacy programs. Lampkin has over a decade of community development and entrepreneurship experience. He previously managed the Racial Equity Program for the Mississippi Humanities Council, which won the National 2018 Schwartz Prize. Lampkin also worked for Southern Bancorp Community Partners to implement multi-million initiatives and advised Mississippi Delta entrepreneurs in partnership with Delta State University. He is the recipient of the Our Mississippi Honors Award for most influential African American of 2022-2023 and a Fellow of the Black Churches 4 Digital Equity National Coalition. The Motley Fool Foundation recently announced him as Mississippi's first Financial Freedom Rulebreaker.

Number of employees

Source: IRS Form 990

Higher Purpose Co

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Higher Purpose Co

Board of directors
as of 7/17/2025

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Derek Dewayne Hopson President

Sondra Collins Director

Temika Simmons Vice President

Jacqueline Johnson Director

Mara Scott Secretary

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? no
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? no
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? no

Organizational demographics

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

Black/African American

Gender identity

Male, Not transgender

Sexual orientation

Heterosexual or Straight

Disability status

Person without a disability

Higher Purpose Co

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

Our programs

Higher Purpose Fest

Higher Purpose Network

Higher Purpose Center

Where we work

Our results

Evaluation documents

Capital Deployed

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Community Education

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Jobs Retained/Created

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Our Sustainable Development Goals

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2023 info

55.91

Months of cash in 2023 info

3.8

Fringe rate in 2023 info

46%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Higher Purpose Co

Higher Purpose Co

Higher Purpose Co

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Founder and CEO

Dr. Tim Lampkin

Number of employees

Higher Purpose Co

Compensation data

Higher Purpose Co

Board of directors data

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Transgender Identity

Liquidity in 2023

Months of cash in 2023

Fringe rate in 2023

Funding sources

Assets & liabilities