Non-profit

Hope Enterprise Corporation

Website:

hopecu.org/about/hope-enterprise-corporation/

Location:

JACKSON, MS

Tax ID:

64-0851798

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $21,101,161
Expenses: $17,885,538
Assets: $57,029,805

Formation:

2010

Type:

Non-profit

President:

William (Bill) Bynum

Formerly Known As:

Enterprise Corporation of the Delta

The Hope Enterprise Corporation is a left-leaning nonprofit organization founded in 1994. Formerly known as the Enterprise Corporation of the Delta, Hope Enterpirse Corporation focuses on urban and housing development in the Southern United States. [1] In addition to promoting left-of-center development policies, the organization provides financial services in low-income southern communities in Arkansas, Louisiana, Mississippi, and the Greater Memphis area of Tennessee. [2] Hope Enterprise Corporation is associated with the Hope Credit Union, which sponsors the left-of-center Hope Policy Institute. [3]

Hope Enterprise Corporation is associated with the Economic Analysis and Research Network (EARN). a left-of-center coalition of state-level policy organizations organized by the labor-union-aligned Economic Policy Institute. [4] Much of the early funding for the Hope Enterprise Corporation came from the Ford Foundation and the Heron Foundation, two left-of-center grantmaking institutions. The Ford Foundation provided a $3 million investment in 1999, while the Heron Foundation gave a grant of $250,000 in 2001. [5]

History

Formerly known as the Enterprise Corporation of the Delta, Hope Enterprise Corporation began in 1994. [6] Hope Enterprise Corporation is related to the Hope Credit Union which sponsors the left-of-center Hope Policy Institute. [7]

Hope Enterprise Corporation is associated with a number of left-leaning economic and political groups, including the Economic Analysis and Research Network (EARN) and the State Priorities Partnership. [8]  EARN is a coalition of left-of-center, state-level policy organizations which support the Economic Policy Institute, a labor-union-aligned and funded research institution. [9] The State Priorities Partnership is a left-of-center network of more than 40 policy and research organizations. [10]

Activism

Hope Enterprise Corporation supports left-of-center financial and development policy implementation in the American Deep South. In pursuit of these ends, the Hope Corporation has testified in front of the congressional Joint Economic Committee and the Consumer Financial Protection Bureau and has met with federal banking regulators within the past decade to discuss its mission. [11]

Hope Enterprise Corporation has advocated for the expansion of government welfare programs, including temporary asset relief programs and Medicaid expansion. [12] Hope Enterprise Corporation has also demonstrated hostility to right-of-center economic measures, fighting to prevent the passage of a bill that would have offered $1.6 billion in tax cuts and relief. [13]

References

  1. “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020. ^
  2. “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020. ^
  3. “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020. ^
  4. “Home.” Economic Analysis and Research Network. Accessed September 24, 2020. https://earn.us/. ^
  5. “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020. ^
  6. Caskey, John P. “HOPE: The Evolution of a Community Development Organization.” Swarthmore.edu, Swarthmore College, Oct. 2013, www.swarthmore.edu/sites/default/files/assets/documents/user_profiles/jcaskey1/Hope_The_Evolution_of_a_CDO.pdf. ^
  7. Caskey, John P. “HOPE: The Evolution of a Community Development Organization.” Swarthmore.edu, Swarthmore College, Oct. 2013, www.swarthmore.edu/sites/default/files/assets/documents/user_profiles/jcaskey1/Hope_The_Evolution_of_a_CDO.pdf. ^
  8. “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020. ^
  9. “Home.” Economic Analysis and Research Network. Accessed September 24, 2020. https://earn.us/. ^
  10. “State Priorities Partners.” State Priorities Partnership, www.statepriorities.org/state-priorities-partners/. Accessed July 31, 2020. ^
  11. “Ed Sivak at The Hope Policy Institute.” Inclusiv.org, www.inclusiv.org/about-us/board/2019-nominees/ed-sivak/.  Accessed July 31, 2020. ^
  12. “Hope Policy Institute.” Hope Policy Institute | Hope Credit Union, www.hopecu.org/about/hope-policy-institute/. Accessed July 31, 2020. ^
  13. “Hope Policy Institute.” Hope Policy Institute | Hope Credit Union, www.hopecu.org/about/hope-policy-institute/. Accessed July 31, 2020. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: October 1, 1994

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $21,101,161 $17,885,538 $57,029,805 $24,596,300 N $18,236,826 $2,534,394 $329,633 $0 PDF
    2016 Dec Form 990 $16,908,854 $12,625,698 $54,141,837 $24,778,459 N $15,668,388 $824,250 $251,835 $0 PDF
    2015 Dec Form 990 $18,630,581 $11,253,493 $52,032,141 $26,709,570 N $16,596,816 $1,119,062 $107,552 $962,754 PDF
    2014 Dec Form 990 $10,597,981 $7,863,122 $40,952,797 $23,382,592 N $8,273,111 $1,393,241 $77,148 $825,970 PDF
    2013 Dec Form 990 $6,229,833 $9,572,524 $41,043,372 $26,824,660 N $3,027,303 $3,094,787 $94,669 $703,175 PDF
    2012 Dec Form 990 $4,566,825 $10,355,843 $45,114,114 $27,906,532 N $2,800,191 $1,664,349 $60,266 $700,318 PDF
    2011 Dec Form 990 $10,817,724 $9,581,774 $41,152,691 $18,120,433 N $6,968,291 $3,698,794 $91,070 $692,197 PDF
    2010 Dec Form 990 $9,540,379 $9,918,492 $39,209,665 $17,369,052 N $5,829,353 $3,296,734 $374,941 $535,264 PDF

    Additional Filings (PDFs)

    Hope Enterprise Corporation

    4 OLD RIVER PLACE
    JACKSON, MS 39202-3434