Hope Enterprise Corporation
Hope Enterprise Corporation (HEC) is a public charity based in Jackson, Mississippi, and a community development financial institution serving under-resourced communities in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. Its work includes community development lending, affordable housing finance, small-business support, and financial products intended to strengthen communities and improve lives.
Hope Enterprise Corporation at a glance
In short: Hope Enterprise Corporation gave $726K across 14 grants in 2024 (avg $52K), top state Arkansas. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $725,590
- -61.4% vs 2023
- Grants made (2024)
- 14
- -83.3% vs 2023
- Average grant
- $51,828
- +131.7% vs 2023
- Median grant
- $9,920
- Total assets
- $165,547,721
- +35.0% vs 2023
- Primary geography
- Arkansas (30% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Hope Enterprise Corporation
- Contact
Mailing address: 4 Old River Place A, Jackson, MS 39202
Phone: (601) 944-1100
Website: https://hope-ec.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hope Enterprise Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Hope Federal Credit Union ($200K). Together the top 10 received $699K.
Grant Size Distribution
125 grants across all recorded years
The most common grant size was under $50K: 101 grants of 125 (81%).
Geographic Focus
Where this funder awards grants
HEC describes its broader service area as Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. Its reported 2024 grant dollars were distributed among recipients in Arkansas (30%), Mississippi (29%), Missouri (19%), Louisiana (18%), and Tennessee (2%). The listed 2024 grants also include recipients in Alabama. Solar for All is available to eligible households in Arkansas and Mississippi.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
How Hope Enterprise Corporation gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $150K (2020) to $5.3M (2021). In 2024 it made 14 grants totaling $726K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hope Federal Credit Union Jackson, MS | Pass through funding from capital one/ tides to support the y16 mortgage product | $200,000 |
| Altcap Kansas City, MO | Technical Assistance to Small Business | $140,000 |
| People Trust Little Rock, AR | Technical Assistance to Small Business | $140,000 |
| Canseco Properties Filmore LLC New Orleans, LA | Business Operational Expenses | $100,000 |
| Communitites Unlimited Inc Fayetteville, AR | Technical Assistance to Small Business | $70,000 |
| Capital City Medical Transportation LLC Baker, LA | Black Owned Businesses Negatively Impacted by Covid | $14,246 |
| Cupcake Cutie Etc LLC Memphis, TN | Black Owned Businesses Negatively Impacted by Covid | $10,001 |
| Signature Trussees LLC Jackson, MS | Black Owned Businesses Negatively Impacted by Covid | $9,838 |
| TM Health & Fitness Montgomery, AL | Black Owned Businesses Negatively Impacted by Covid | $7,778 |
| The Brolin Rochelle Brand Mabelvale, AR | Black Owned Businesses Negatively Impacted by Covid | $7,274 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $165,547,721 | $46,032,084 | $27,445,916 | $725,590 | 14 | $-4,230 |
| 2023 | $122,583,166 | $18,999,928 | $25,123,190 | $1,878,551 | 84 | $16,884 |
| 2022 | $124,090,537 | $16,452,878 | $13,825,024 | $267,844 | 21 | $9,517 |
| 2021 | $150,349,143 | $24,959,106 | $24,114,643 | $5,332,413 | 4 | $47,052 |
| 2020 | $166,071,920 | $43,437,438 | $16,533,531 | $150,000 | 2 | $674,646 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
HEC’s mission is “to strengthen the financial health of people in under-resourced Deep South communities.” Its 2024 filing describes work in community infrastructure lending for education and health care facilities, healthy food access providers, affordable housing, and small and medium-sized businesses. It also describes regional efforts to expand access to capital and advisory services, housing finance for families, and technical assistance to small and medium-sized manufacturing and service businesses.
In 2024, HEC’s grants included support for organizations whose stated missions address community development and business assistance. ALTCAP, which received $140,000, describes its mission as catalyzing investment in Kansas City-area communities through financial products, economic and community development programming, and partnerships. People Trust, which also received $140,000, says its purpose is to promote community development through credit counseling, financial support, and financial literacy for communities that might otherwise lack those opportunities.
Grantmaking
In filing year 2024, HEC reported 14 grants totaling $725,590. The grants ranged from $6,114 to $200,000, with a median of $9,920. Among the largest reported grants were $200,000 to Hope Federal Credit Union for pass-through funding from Capital One/Tides to support the Y16 mortgage product; $140,000 each to ALTCAP and People Trust for technical assistance to small businesses; $100,000 to Canseco Properties Filmore LLC for business operational expenses; and $70,000 to Communities Unlimited Inc. for technical assistance to small businesses. Other listed grants included support for Black-owned businesses negatively impacted by COVID.
HEC’s website describes Solar for All funding pathways for homeowners in Arkansas and Mississippi and for businesses such as solar project developers or residential building owners. For community and multifamily solar projects, HEC describes a competitive procurement process involving an RFP response, eligibility screening, review, and possible interviews. The RFP says selected projects may receive debt financing with below-market interest rates, partial loan forgiveness, and fee waivers.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert Gibbs as chair and Ivye Allen as secretary. Directors listed are Claiborne Barksdale, Marc Barnes, Ann Marie Burgoyne, Mauricio Calvo, Susannah Carrier, Ronnie Crudup, Rebecca Dixon, and Herschell Hamilton.
Hope Enterprise Corporation is led by William Bynum, President & CEO on every filing since 2020; 9 of 30 officers listed in 2024 are compensated.
Officers on the 2024 filing
William Bynum
President & CEO
On filings since 2020
27.5 hrs/week
$418K (2020) → $387K (2024)
Robert Gibbs
Chair
Director → Chair, 2023
On filings since 2020
0.2 hrs/week
No compensation reported
Alex Wise
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Ann Marie Burgoyne
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Blanche Lincoln
Director
On filings since 2020
0 hrs/week
No compensation reported
Carolyn Jefferson
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Claiborne Barksdale
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Dan Letendre
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Fred Miller
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Jeffrey Nolan
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Maurice Jones
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Ronnie Crudup
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Susannah Carrier
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Herschell Hamilton
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Felecia Lucky
Director
On filings since 2022
0.2 hrs/week
No compensation reported
Judy Reese Morse
Director
On filings since 2022
0.2 hrs/week
No compensation reported
Mauricio Calvo
Director
On filings since 2022
0 hrs/week
No compensation reported
Rebecca Dixon
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Aisha Nyandoro
Director -
New on the 2024 filing
0.1 hrs/week
No compensation reported
Kendra Key
Director -
New on the 2024 filing
0.1 hrs/week
No compensation reported
Marc Barnes
Director
New on the 2024 filing
0.2 hrs/week
No compensation reported
Alan Branson
Executive Vice President, CFO, Treasurer & Assistant Secretary
CFO, Executive Vice President, Treasurer & Assistant Secretary → CFO, Executive Vice President, Treasurer & Assistant Se, 2021
CFO, Executive Vice President, Treasurer & Assistant Se → Executive Vice President, CFO, Treasurer & Assistant Secretary, 2022
On filings since 2020
19.8 hrs/week
$199K (2020) → $115K (2024)
Edward D. Sivak Jr.
Executive Vice President, Chief Policy & Committee Officer
Executive Vice President & Chief Policy → Executive Vice President, Chief Policy & Committee Officer, 2022
On filings since 2020
28 hrs/week
$153K (2020) → $100K (2024)
Kimberla Little
Executive Vice President & Chief Human Assets Officer
Chief Human Assets Officer → Executive Vice President & Chief Human Assets Officer, 2022
On filings since 2020
21.5 hrs/week
$131K (2020) → $91K (2024)
Pearl Wicks
Executive Vice President & Chief Retail Officer
COO & Executive Vice President → Executive Vice President & Chief Operating Officer, 2022
Executive Vice President & Chief Operating Officer → Executive Vice President & Chief Retail Officer, 2024
On filings since 2020
0.4 hrs/week
$130K (2020) → $2K (2024)
Cassandra Williams
Executive Vice President & Chief Lending Officer
Executive Vice President Chief Program Officer → Executive Vice President & Chief Program Officer, 2022
Executive Vice President & Chief Program Officer → Executive Vice President & Chief Lending Officer, 2024
On filings since 2021
7.2 hrs/week
$114K (2021) → $31K (2024)
Jonathan Mulkin
Executive Vice President & Chief Mortgage Officer
Chief Mortgage Officer → Executive Vice President & Chief Mortgage Officer, 2024
On filings since 2023
7.8 hrs/week
$6K (2023) → $43K (2024)
Chloe Dotson
Executive Vice President, Chief Program & Strategy Officer
New on the 2024 filing
27 hrs/week
$115K (2024)
Gopal Narasimhan
Executive Vice President, Chief Digital & Tech. Officer
New on the 2024 filing
11.1 hrs/week
$96K (2024)
Ivye Allen
Secretary
On filings since 2020
0.2 hrs/week
No compensation reported
Former officers (8)
- Former: Billy Percy (2020–2023) — Director
- Former: Martha Murphy (2020–2023) — Director
- Former: Mike Espy (2020–2022) — Chair -
- Former: Barbara Jones (2021) — Senior Vice President Deposit Services
- Former: Billy Percy Chair Emeritus (2021) — Director
- Former: Felicia Lyles (2021) — Senior Vice President Retail Ops
- Former: Kathy Saloy (2021) — Senior Vice President Community Econ Development
- Former: Philip Eide (2021) — Senior Vice President Community Econ Development
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $387K, to William Bynum (President/CEO). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Hope Enterprise Corporation
How much does Hope Enterprise Corporation give each year?
Hope Enterprise Corporation gave $726K across 14 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.9M across 84 grants.
What is Hope Enterprise Corporation's typical grant size?
Hope Enterprise Corporation's median grant in 2024 was $9,920, and its average grant was $51,828, across 14 grants on its 2024 IRS Form 990.
Where does Hope Enterprise Corporation give grants?
Hope Enterprise Corporation's top state is Arkansas, with 30% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Mississippi (29%) and Missouri (19%). The most frequent recipient cities were Jackson, MS (2 grants), New Orleans, LA (2 grants) and Memphis, TN (2 grants).
Does Hope Enterprise Corporation give general operating support?
Occasionally: 7% of Hope Enterprise Corporation's 2024 grants with a stated purpose (1 of 14) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Black Owned Businesses Negatively Impacted by Covid" (9 grants) and "Technical Assistance to Small Business" (3 grants).
Who are Hope Enterprise Corporation's largest grantees?
Hope Enterprise Corporation's largest 2024 grantees include Hope Federal Credit Union ($200,000), Altcap ($140,000) and People Trust ($140,000), according to its 2024 IRS Form 990. Together they received 66% of its itemized 2024 grant dollars.
How large is Hope Enterprise Corporation?
Hope Enterprise Corporation reported $165.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $46.0M.
What does Hope Enterprise Corporation fund?
HEC’s mission is “to strengthen the financial health of people in under-resourced Deep South communities.” See mission & focus areas ↑
How do I apply for a grant from Hope Enterprise Corporation?
Hope Enterprise Corporation has no public application process in the sources Grantable reviewed. Check hope-ec.org for current guidelines, or contact the foundation directly before submitting a request.
What is Hope Enterprise Corporation's EIN?
Hope Enterprise Corporation's EIN (Employer Identification Number) is 64-0851798. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hope Enterprise Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Hope Enterprise Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hope Enterprise Corporation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/hope-enterprise-corporation-morg_db84da21d9c74aa2bbdb53c7678349a1
BibTeX
@misc{grantable_640851798_2026,
author = {{Grantable}},
title = {{Hope Enterprise Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hope-enterprise-corporation-morg_db84da21d9c74aa2bbdb53c7678349a1},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hope Enterprise Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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