Public Charity

MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION

MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION is a Public Charity headquartered in Jackson, MS. Financial data from the 2024 filing: $8.6M revenue, $7.8M expenses, $98.6M total assets. IRS filings disclose 6 grants awarded by this foundation, totaling roughly $7.3M.

EIN: 640642776 Jackson, MS Latest filing: 2024
Total Revenue$8.6M
Total Expenses$7.8M
Total Assets$98.6M
Grants Given6
Grant Total$7.3M
Filing Years2019–2024

Mission

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.

Sample Grants Given

Jackson, MS · 2024
General Operations
$822,000
JACKSON, MS · 2023
GENERAL OPERATIONS
$830,000
JACKSON, MS · 2022
GENERAL OPERATIONS
$600,000
JACKSON, MS · 2020
GENERAL OPERATIONS
$434,000
JACKSON, MS · 2019
GENERAL OPERATIONS
$475,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Board Member Through 5/28/24 Andrew Mullins
Board Member Camille Young
Board Member Beg 5/28/24 Carla Kirkland
Board Member Cedric Bradley
Board Member David Martin
Board Member/Board Vice Chair Debra Mcgee

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL OPERATIONS
$6,485,707 5 grants
General Operations
$822,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $8.6M $7.8M $98.6M
2023 $9.8M $9.0M $117.1M
2022 $7.2M $6.3M $137.7M
2020 $8.5M $7.4M $186.0M
2019 $10.7M $10.2M $206.7M

Between 2019 and 2024, reported annual revenue declined from $10.7M to $8.6M (-19%), with total assets most recently reported at $98.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MS.

MS

Full geographic grant map with state-by-state breakdown available with membership.

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