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Hope Enterprise Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640851798 ✦ Jackson, MS ✦ Designated as a 501(c)(3)

Overview

What is Hope Enterprise Corporation?

Hope Enterprise Corporation is a nonprofit organization based in Jackson, Mississippi. Their mission lies in enhancing the financial health and wealth of people residing in under-resourced communities in the Deep South through various initiatives. These initiatives cover housing, communications, workforce training, general business development, and access to capital. The organization has a workforce of 326 individuals dedicated to achieving this mission. They focus on strengthening the economic well-being of their community members, striving for a sustainable and vibrant future.


Official website here: www.hope-ec.org

Is Hope Enterprise Corporation legitimate?

Hope Enterprise Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Enterprise Corporation 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: $1,056,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,925,055

For more financial information, click here


Official website here: www.hope-ec.org

What is the mission statement of Hope Enterprise Corporation?

Hope Enterprise Corporation is dedicated to enhancing the financial well-being of people residing in under-resourced communities in the Deep South. Their mission is to fortify the economic foundation of individuals in these areas. Through regional development, they establish and improve systems and organizations that address essential needs such as housing, communication, workforce training, and business development. Additionally, they strive to expand access to capital for community members.


Official website here: www.hope-ec.org

Who is the CEO of Hope Enterprise Corporation?

William Bynum is the President/Ceo of Hope Enterprise Corporation. The CEO's salary of Hope Enterprise Corporation is $396,471 and their total compensation is $630,801.


Official website here: www.hope-ec.org

What is the revenue of Hope Enterprise Corporation?

Hope Enterprise Corporation's revenue in 2022 was $16,452,878.


Official website here: www.hope-ec.org

Who are the executives of Hope Enterprise Corporation and what are their salaries?

The average compensation at Hope Enterprise Corporation during 2022 was $12,214. There are 326 employees and 20 volunteers at Hope Enterprise Corporation.

Here are 27 key members and their salaries (Hope Enterprise Corporation's CEO's salary is $396,471 and their total compensation is $630,801):

    William Bynum (President/Ceo)
  • Compensation: $396,471
  • Related: $359
  • Other: $233,971

    • Edward D Sivak Jr (Evp/Chief Policy & Comm. Officer)
  • Compensation: $155,653
  • Related: $0
  • Other: $18,197

    • Alan Branson (Evp/Cfo/Treasurer/Asst Secretary)
  • Compensation: $112,685
  • Related: $148
  • Other: $15,462

    • Kimberla Little (Evp/Chief Human Assets Officer)
  • Compensation: $81,987
  • Related: $0
  • Other: $7,526

    • Cassandra Williams (Evp/Chief Program Officer)
  • Compensation: $26,900
  • Related: $0
  • Other: $4,891

    • Pearl Wicks (Evp/Chief Operating Officer)
  • Compensation: $2,043
  • Related: $0
  • Other: $290

    • Mike Espy (Chair - Thru 12/16/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ivye Allen (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Claiborne Barksdale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Marie Burgoyne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mauricio Calvo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susannah Carrier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronnie Crudup (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Dixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Gibbs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Herschell Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Jefferson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maurice Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Letendre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Blanche Lincoln (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Felecia Lucky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Reese Morse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Nolan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Billy Percy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Wise (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hope-ec.org

    Where can I find the form 990 for Hope Enterprise Corporation?

    The Hope Enterprise Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hope-ec.org

    Learn more at the official website: www.hope-ec.org

    Mission Statement of Hope Enterprise Corporation

    Hope Enterprise Corporation, a nonprofit organization, is dedicated to enhancing the financial health and wealth of individuals in under-resourced communities in the Deep South. The corporation's mission is geared toward strengthening these communities by developing essential systems and organizations that focus on housing, communications, workforce training, general business development, and access to capital.

    In simpler terms, Hope Enterprise Corporation strives to empower people in underprivileged Deep South communities by providing them with the necessary resources for financial stability and growth. This encompasses various initiatives aimed at improving the infrastructure, education, and economic opportunities within these areas.

    By implementing regional development programs, Hope Enterprise Corporation endeavors to build a foundation for sustainable progress. This includes establishing organizations that cater to the needs of the community, such as those focused on improving housing conditions and providing workforce training. Furthermore, the corporation's efforts extend to promoting general business development and ensuring access to capital for aspiring entrepreneurs.

    Hope Enterprise Corporation's mission is multifaceted and encompasses a holistic approach to community development. By addressing the root causes of poverty and financial instability, the organization aims to create lasting change and enable individuals to build a better future for themselves and their families.

    Impact

    This information is meant to be a general summary of Hope Enterprise Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Hope Enterprise Corporation is making a significant impact by strengthening the financial health and wealth of people in under-resourced communities in the Deep South. Their work includes regional development of systems and organizations to improve housing, communications, workforce training, general business development, and access to capital. Through their efforts in Jackson, MS, they are actively working towards enhancing the overall well-being and prosperity of individuals and communities in the region. Hope Enterprise Corporation's mission to empower and uplift under-resourced communities is creating positive change and fostering community improvement in the Deep South.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,517
  • Program Service Revenue: $3,753,179
  • Gross Receipts: $20,514,113

    • Assets and Liabilities:
  • Total Assets: $124,090,537
  • Total Liabilities: $71,756,890
  • Net Assets: $52,333,647
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN,ORIGIN,OTHER FEES

    Revenue

    $2,168,723

    INTEREST INCOME ON LOANS

    Revenue

    $1,584,456

    Organization Details

    Founding Year

    1993

    Principal Officer

    William Bynum

    Main Address

    4 OLD RIVER PLACE A, JACKSON, MS, 39202

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Hope Enterprise Corporation 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.