Form 990 for tax year 2024
Filed by MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION.
Totals
- Total revenue
- $8,626,790
- Total expenses
- $7,762,746
- Contributions and grants received
- $3,185,522
- Grants paid
- $822,000
- Program services expenses (Part IX)
- $7,579,909
- Management and general expenses
- $182,837
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,579,909
Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Debra McGee
Board Member/Board Vice Chair
- Total calculated
- $6,900
- From this org
- $0
- From related orgs
- $6,900
- Other
- $0
- Hours/week
- 1 + 1 related
-
Nathan Slater
Board Member/Board Chair
- Total calculated
- $10,800
- From this org
- $0
- From related orgs
- $10,800
- Other
- $0
- Hours/week
- 1 + 2 related
-
Andrew Mullins
Board Member Through 5/28/24
- Total calculated
- $2,700
- From this org
- $0
- From related orgs
- $2,700
- Other
- $0
- Hours/week
- 1 + 1 related
-
Camille Young
Board Member
- Total calculated
- $2,400
- From this org
- $0
- From related orgs
- $2,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Carla Kirkland
Board Member Beg 5/28/24
- Total calculated
- $3,900
- From this org
- $0
- From related orgs
- $3,900
- Other
- $0
- Hours/week
- 1 + 1 related
-
Cedric Bradley
Board Member
- Total calculated
- $6,900
- From this org
- $0
- From related orgs
- $6,900
- Other
- $0
- Hours/week
- 1 + 1 related
-
David Martin
Board Member
- Total calculated
- $6,300
- From this org
- $0
- From related orgs
- $6,300
- Other
- $0
- Hours/week
- 1 + 1 related
-
Eddie Carlisle
Board Member Through 5/28/24
- Total calculated
- $1,500
- From this org
- $0
- From related orgs
- $1,500
- Other
- $0
- Hours/week
- 1 + 1 related
-
Errick Simmons
Board Member Beg 5/28/24
- Total calculated
- $4,200
- From this org
- $0
- From related orgs
- $4,200
- Other
- $0
- Hours/week
- 1 + 1 related
-
Haley Fisackerly
Board Member
- Total calculated
- $1,500
- From this org
- $0
- From related orgs
- $1,500
- Other
- $0
- Hours/week
- 1 + 1 related
-
John Hill
Board Member
- Total calculated
- $7,800
- From this org
- $0
- From related orgs
- $7,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Michael Cormack
Board Member
- Total calculated
- $5,700
- From this org
- $0
- From related orgs
- $5,700
- Other
- $0
- Hours/week
- 1 + 1 related
-
Mike Highfield
Board Member Beg 5/28/24
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Robert Leard
Board Member
- Total calculated
- $7,200
- From this org
- $0
- From related orgs
- $7,200
- Other
- $0
- Hours/week
- 1 + 1 related
-
James McHale
President/CEO
- Total calculated
- $364,027
- From this org
- $0
- From related orgs
- $293,500
- Other
- $70,527
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $292,708 related
- Bonus
- $0
- Other
- $0 + $792 related
- Deferred
- $0 + $65,927 related
- Nontaxable benefits
- $0 + $4,600 related
- Filer's total
- $0 + $364,027 related
-
Minette Ketchings
COO/Secretary
- Total calculated
- $198,613
- From this org
- $0
- From related orgs
- $166,764
- Other
- $31,849
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $165,972 related
- Bonus
- $0
- Other
- $0 + $792 related
- Deferred
- $0 + $20,204 related
- Nontaxable benefits
- $0 + $11,645 related
- Filer's total
- $0 + $198,613 related
-
William Alvis
CFO/Treasurer
- Total calculated
- $260,572
- From this org
- $0
- From related orgs
- $205,906
- Other
- $54,666
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $205,114 related
- Bonus
- $0
- Other
- $0 + $792 related
- Deferred
- $0 + $26,129 related
- Nontaxable benefits
- $0 + $28,537 related
- Filer's total
- $0 + $260,572 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- WOODWARD HINES EDUCATION FOUNDATION, A RELATED ENTITY, ESTABLISHED THE COMPENSATION OF THE CEO THROUGH AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.
- Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- JAMES MCHALE PARTICIPATES IN THE 457(F) PLAN AND IS THE SOLE PARTICIPANT. HE RECEIVED CONTRIBUTIONS OF $30,500 IN 2024. HE WILL NOT BE VESTED IN THE PLAN UNTIL JANUARY 31, 2029.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Woodward Hines Education Foundation
$822,000
General Operations
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Woodward Hines Education Foundation
501(c)(3) · Higher Education Services · MS · controlled entity
Directly controlled by Mississippi Higher Education Assistance Corporation
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202523169349305692
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