Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
EIN 64-0642776 • 501(c)3 • Jackson, MS
Profile
The corporation mission is to increase the level of appropriate quality education in the state of mississippi and elsewhere. Prior to 2014, the corporation operated exclusively for the purpose of acquiring student loans incurred under the higher education act of 1965. 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, and mentoring students in mississippi through its three college planning centers.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
51st percentile
Higher top officer pay than 51% of similar nonprofits.
Top officer pay equals 4.2% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Assets
Down$98,577,498
Down $18,509,755 (-16%) from 2023
Liabilities
Down$63,908,854
Down $19,373,799 (-23%) from 2023
Net Assets
Up$34,668,644
Up $864,044 (+2.6%) from 2023
Revenue
Down$8,626,790
Down $1,154,551 (-12%) from 2023
Expenses
Down$7,762,746
Down $1,247,227 (-14%) from 2023
Net Income
Up$864,044
Up $92,676 (+12%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The corporation mission is to increase the level of appropriate quality education in the state of mississippi and elsewhere. Prior to 2014, the corporation operated exclusively for the purpose of acquiring student loans incurred under the higher education act of 1965. 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. Whef through sept. 2017, managed and oversaw the corporation's investment portfolio. In addition, whef provides college planning services to students and parents including college access and financial aid counseling, and mentoring students in mississippi through its three college planning centers.,
Secondary market for student loans, approximately 4,972 clients were served in 2024.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $110,030,513 | $92,190,967 | ▼ $17,839,546 |
| Savings and Temporary Cash Investments | $2,528,253 | $2,598,016 | ▲ $69,763 |
| Cash and Non-Interest-Bearing Accounts | $10,834 | $10,249 | ▼ $585 |
| Prepaid Expenses and Deferred Charges | $223,239 | $4,958 | ▼ $218,281 |
| Accounts Receivable | $0 | - | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Loans From Officers Directors | - | $0 | - |
| Total Assets | $117,087,253 | $98,577,498 | ▼ $18,509,755 |
| Other Assets Total | $4,294,414 | $3,773,308 | ▼ $521,106 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $83,091,000 | $63,761,844 | ▼ $19,329,156 |
| Accounts Payable and Accrued Expenses | $191,653 | $147,010 | ▼ $44,643 |
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $83,282,653 | $63,908,854 | ▼ $19,373,799 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $33,804,600 | $34,668,644 | ▲ $864,044 |
| Total Net Assets Fund Balance | $33,804,600 | $34,668,644 | ▲ $864,044 |
| Total Liabilities and Net Assets / Fund Balance | $117,087,253 | $98,577,498 | ▼ $18,509,755 |
| Name | Title | Other | Total |
|---|---|---|---|
| Nathan Slater | Board Member/Board Chair | $10,800 | $10,800 |
| John Hill | Board Member | $7,800 | $7,800 |
| Robert Leard | Board Member | $7,200 | $7,200 |
| Cedric Bradley | Board Member | $6,900 | $6,900 |
| Debra McGee | Board Member/Board Vice Chair | $6,900 | $6,900 |
| David Martin | Board Member | $6,300 | $6,300 |
| Michael Cormack | Board Member | $5,700 | $5,700 |
| Errick Simmons | Board Member Beg 5/28/24 | $4,200 | $4,200 |
| Carla Kirkland | Board Member Beg 5/28/24 | $3,900 | $3,900 |
| Mike Highfield | Board Member Beg 5/28/24 | $3,000 | $3,000 |
| Andrew Mullins | Board Member Through 5/28/24 | $2,700 | $2,700 |
| Camille Young | Board Member | $2,400 | $2,400 |
| Eddie Carlisle | Board Member Through 5/28/24 | $1,500 | $1,500 |
| Haley Fisackerly | Board Member | $1,500 | $1,500 |
| Name | Title |
|---|---|
| James McHale | President/CEO |
| William Alvis | CFO/Treasurer |
| Minette Ketchings | COO/Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Navient Solutions INC | Servicing Fees | PO BOX 8003, Fishers, IN 46038 | $248,771 |
| Line Item | Amount |
|---|---|
| Other Expenses | $6,940,746 |
| Grants and Similar Amounts Paid | $822,000 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $5,095,107 | - | - | $5,095,107 |
| Grants to Domestic Orgs | $822,000 | - | - | $822,000 |
| Depreciation Depletion | $280,565 | - | - | $280,565 |
| Other Expenses | $57,645 | $182,837 | - | $57,645 |
| Total Functional Expenses | $7,579,909 | $182,837 | $0 | $7,762,746 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $7,762,746 |
| Expenses per Audited Statements | $6,129,779 |
| Total Expenses per Audited Statements | $6,129,779 |
| Expenses Not Reported on Financial Statements | $1,632,967 |
| Other Expense Adjustments | $1,632,967 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Woodward Hines Education Foundation | Jackson, MS | 501 (c)(3) | General Operations | $822,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The process of determining compensation is managed by a related organization, Woodward Hines Education Foundation. Currently the Corporation has no employees. THE RELATED ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES THE RESPONSIBILITY FOR DETERMINING FAIR AND COMPETITIVE COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND EMPLOYEES. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND EMPLOYEES. AN INDEPENDENT CONSULTING FIRM WAS PAID TO PERFORM A COMPENSATION STUDY FOR ALL POSITIONS IN 2022 TO DETERMINE SALARIES FOR 2023-2025. THIS WILL BE REPEATED EVERY THREE TO FOUR YEARS.”
“The CFO and COO review the document after completion. Once the final draft is received, the document is loaded to an online board portal for the CEO and board of directors review.”
“COI forms are completed annually by officers and directors and employees of the related organization. the Corporate Secretary reviews the forms as does the CEO. the CEO and Corporate Secretary monitor business dealings throughout the year for potential conflicts. Actual conflicts of interest are reported to either the Corporate Secretary, the chair of the Audit Committee or general counsel. Individuals with potential or actual conflicts are prohibited from participating in deliberations and decisions in the transaction.”
“Governing documents, conflict of interest policy and financial statements are available to the public upon request”
“The Corporation maintains an audit committee which assumes the responsibility for oversight of the financial statement audit by independent Certified Public Accountants. This process has not changed from the prior year.”
“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material tax positions to be recorded or disclosed in the financial statements.”
“Interest income/expense difference from audit - 644635 expenses included in revenue on audit report - 988332”
“Interest income/expense difference from audit - 644635 expenses included in revenue on audit report - 988332”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 191653 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 147010 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | SECONDARY MARKET FOR STUDENT LOANS, APPROXIMATELY 4,972 CLIENTS WERE SERVED IN 2024. |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | William F Alvis |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6013215555 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2616 Lakeward Dr |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Jackson |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MS |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 39216 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 10834 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 10249 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 248771 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO BOX 8003 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | FISHERS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 46038 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | NAVIENT SOLUTIONS INC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | SERVICING FEES |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3185522 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 822000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 649771 |
| IRS990/CYOtherExpensesAmt | 0 | 6940746 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 4791497 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 864044 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 7762746 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 8626790 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 280565 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 280565 |
| IRS990/Desc | 0 | THE CORPORATION SERVICED STUDENT LOANS INCURRED UNDER THE HIGHER EDUCATION ACT OF 1965 AS AMENDED. THE PRIMARY SOURCE OF FUNDS WAS THE ISSUANCE OF TAX-EXEMPT BONDS AND TAXABLE NOTES. IN 2014, THE CORPORATION ISSUED TAXABLE BONDS TO REFINANCE ITS DEBT AND IS NO LONGER ELIGIBLE TO ISSUE TAX-EXEMPT BONDS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 6757909 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 15 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 16 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 54666 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Debra McGee |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Nathan Slater |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Andrew Mullins |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Camille Young |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Carla Kirkland |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Cedric Bradley |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | David Martin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Eddie Carlisle |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Errick Simmons |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Haley Fisackerly |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | John Hill |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Michael Cormack |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Mike Highfield |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Robert Leard |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | James McHale |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Minette Ketchings |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | William Alvis |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 10800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 2700 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 2400 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 3900 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 6900 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 6300 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 1500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 4200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 1500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 7800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 5700 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 3000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 7200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 293500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 166764 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 205906 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Board Member/Board Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Member/Board Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Member Through 5/28/24 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member Beg 5/28/24 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member Through 5/28/24 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member Beg 5/28/24 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Board Member Beg 5/28/24 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | President/CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | COO/Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | CFO/Treasurer |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/OtherExpensesGrp/Desc | 0 | CONSOLIDATION REBATE |
| IRS990/OtherExpensesGrp/Desc | 1 | ADMINISTRATION & LOAN FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBT |
| IRS990/OtherExpensesGrp/Desc | 3 | BOND FEES |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 779851 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 482048 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 62693 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 57645 |
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| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | William F Alvis |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT LOAN INTEREST |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 71504 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | FUNDS CONTRIBUTED TO WOODWARD HINES EDUCATION FOUNDATION FOR ITS GENERAL OPERATIONS. |
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| IRS990/PYTotalExpensesAmt | 0 | 9009973 |
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| IRS990/PYTotalRevenueAmt | 0 | 9781341 |
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| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | true |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 165095 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 5401650 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 6282569 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 7757430 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 31243269 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 649771 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 111559 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 165095 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1821429 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.04 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.0345 |
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| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
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| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
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| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.95648 |
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