Mississippi Higher Education Assistance Corporation
Secondary Market for Student Loans, Approximately 4,972 clients were served in 2024. The primary source of funds to acquire the student loans was the issuance of tax-exempt bonds and taxable notes. In July 2014, the Corporation amended its Articles of Incorporation expanding its exempt purpose and refinanced its tax-exempt bonds with taxable bonds. The Corporation is the parent of Woodward Hines Education Foundation (WHEF) which provides administrative, staffing and management services to the Corporation. in addition, WHEF provides college planning services to students and parents including college access and financial aid counseling in the state of Mississippi through its three college planning centers.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$98.6M
-15.8% YoY
Annual Giving
$822K
-1.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$822K
-1.0% YoY
About Mississippi Higher Education Assistance Corporation
Based on IRS filings
Mississippi Higher Education Assistance Corporation is a nonprofit organization focused on Public, Societal Benefit, based in JACKSON, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $98.6M in total assets. In 2024, it awarded 1 grants totaling $822K. Net investment income was $650K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $98,577,498 | $117,087,253 | $137,650,117 |
| Revenue | $8,626,790 | $9,781,341 | $7,247,326 |
| Expenses | $7,762,746 | $9,009,973 | $6,296,492 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $649,771 | $619,841 | $275,163 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Woodward Hines Education Foundation ($822,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Woodward Hines Education Foundation Jackson, MS | General Operations | $822,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Debra McGee | Board Member/Board Vice Chair | 1 | — |
| Nathan Slater | Board Member/Board Chair | 1 | — |
| Andrew Mullins | Board Member Through 5/28/24 | 1 | — |
| Camille Young | Board Member | 1 | — |
| Carla Kirkland | Board Member Beg 5/28/24 | 1 | — |
| Cedric Bradley | Board Member | 1 | — |
| David Martin | Board Member | 1 | — |
| Eddie Carlisle | Board Member Through 5/28/24 | 1 | — |
| Errick Simmons | Board Member Beg 5/28/24 | 1 | — |
| Haley Fisackerly | Board Member | 1 | — |
| John Hill | Board Member | 1 | — |
| Michael Cormack | Board Member | 1 | — |
| Mike Highfield | Board Member Beg 5/28/24 | 1 | — |
| Robert Leard | Board Member | 1 | — |
| James McHale | President/CEO | 1 | — |
| Minette Ketchings | COO/Secretary | 1 | — |
| William Alvis | CFO/Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mississippi Higher Education Assistance Corporation?
Mississippi Higher Education Assistance Corporation is a nonprofit organization focused on Public, Societal Benefit, based in JACKSON, MS. It holds $98.6M in total assets as of 2024.
How large is Mississippi Higher Education Assistance Corporation?
As of 2024, Mississippi Higher Education Assistance Corporation holds $98.6M in total assets with $8.6M in annual revenue. It awarded 1 grants totaling $822K in 2024.
Where does Mississippi Higher Education Assistance Corporation operate?
Mississippi Higher Education Assistance Corporation has awarded grants in Mississippi.
What size grants does Mississippi Higher Education Assistance Corporation award?
In 2024, Mississippi Higher Education Assistance Corporation awarded 1 grants totaling $822K — an average of about $822K per grant, based on its IRS Form 990 filings.
What is Mississippi Higher Education Assistance Corporation's EIN?
Mississippi Higher Education Assistance Corporation's EIN (Employer Identification Number) is 64-0642776. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mississippi Higher Education Assistance Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.