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Mississippi Higher Education Assistance Corporation

Public charityFed auditsIRS 990
Research & Policy · JACKSON, MS · EIN 64-0642776

About

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.

Donations are tax-deductible
Category
Research & Policy
Employees
0
Volunteers
1

Financial Snapshot

FY ending 2024-12-31
Revenue
$8.6M
Expenses
$7.8M
Assets
$98.6M
Liabilities
$63.9M

Financial history

$168.4M$84.2M$0
161718192021222324
RevenueExpenses
Latest FY2024: $8.6M · Peak FY2017: $13.5M · Avg: $10.5M
MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION
Your actions

Address

PO BOX 5008
Jackson, MS, 39296-500

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.