Civic Intelligence

Education Services Foundation

EIN 64-0860939 • 501(c)3 • Jackson, MS

Profile

Esf was created in 1995 to make certain that mississippi students have access to higher education. Esf offers a comprehensive college planning program providing a range of information and counseling to students and their families on planning and paying for college. Esf also serves as the managing company for mississippi higher education assistance corporation (mheac), the not-for-profit secondary market corporation in the state of mississippi.

PO Box 5008Jackson, MS 39296-5008

www.esfweb.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.42x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

4th percentile

-50%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

5.4%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

115%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$225,111,352

Up $11,487,336 (+5.4%) from 2023

Liabilities

Down

$2,433,195

Down $138,065 (-5.4%) from 2023

Net Assets

Up

$222,678,157

Up $11,625,401 (+5.5%) from 2023

Revenue

Up

$5,858,250

Up $3,133,222 (+115%) from 2023

Expenses

Up

$8,784,059

Up $953,427 (+12%) from 2023

Net Income

Up

-$2,925,809

Up $2,179,795 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $6,591,576Liabilities 2010: $1,194,124Net Assets 2010: $5,397,4522010Assets 2011: $8,333,584Liabilities 2011: $817,963Net Assets 2011: $7,515,6212011Assets 2012: $10,240,065Liabilities 2012: $809,009Net Assets 2012: $9,431,0562012Assets 2013: $10,466,414Liabilities 2013: $729,773Net Assets 2013: $9,736,6412013Assets 2014: $3,763,778Liabilities 2014: $527,570Net Assets 2014: $3,236,2082014Assets 2015: $2,941,850Liabilities 2015: $200,481Net Assets 2015: $2,741,3692015Assets 2016: $2,100,287Liabilities 2016: $244,480Net Assets 2016: $1,855,8072016Assets 2017: $161,138,379Liabilities 2017: $1,016,633Net Assets 2017: $160,121,7462017Assets 2018: $156,337,013Liabilities 2018: $1,312,542Net Assets 2018: $155,024,4712018Assets 2019: $171,165,576Liabilities 2019: $1,133,271Net Assets 2019: $170,032,3052019Assets 2020: $185,809,588Liabilities 2020: $752,442Net Assets 2020: $185,057,1462020Assets 2021: $222,031,290Liabilities 2021: $758,601Net Assets 2021: $221,272,6892021Assets 2022: $202,416,655Liabilities 2022: $2,868,959Net Assets 2022: $199,547,6962022Assets 2023: $213,624,016Liabilities 2023: $2,571,260Net Assets 2023: $211,052,7562023Assets 2024: $225,111,352Liabilities 2024: $2,433,195Net Assets 2024: $222,678,1572024

Highlighted filing

2024

Assets$225,111,352
Liabilities$2,433,195
Net Assets$222,678,157

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $8,959,9212010Expenses 2011: $6,340,3002011Expenses 2012: $5,972,0862012Revenue 2013: $6,044,667Expenses 2013: $5,739,082Net Income 2013: $305,5852013Revenue 2014: $4,202,214Expenses 2014: $10,702,647Net Income 2014: -$6,500,4332014Revenue 2015: $3,751,194Expenses 2015: $4,246,033Net Income 2015: -$494,8392015Revenue 2016: $3,560,295Expenses 2016: $4,445,857Net Income 2016: -$885,5622016Revenue 2017: $161,764,038Expenses 2017: $5,250,662Net Income 2017: $156,513,3762017Revenue 2018: $4,451,622Expenses 2018: $5,142,484Net Income 2018: -$690,8622018Revenue 2019: $1,983,654Expenses 2019: $4,936,134Net Income 2019: -$2,952,4802019Revenue 2020: $1,863,940Expenses 2020: $5,957,577Net Income 2020: -$4,093,6372020Revenue 2021: $28,726,652Expenses 2021: $6,595,294Net Income 2021: $22,131,3582021Revenue 2022: $705,522Expenses 2022: $7,323,373Net Income 2022: -$6,617,8512022Revenue 2023: $2,725,028Expenses 2023: $7,830,632Net Income 2023: -$5,105,6042023Revenue 2024: $5,858,250Expenses 2024: $8,784,059Net Income 2024: -$2,925,8092024

Highlighted filing

2024

Revenue$5,858,250
Expenses$8,784,059
Net Income-$2,925,809

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$225$2.43$223$5.86$8.78$2.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$214$2.57$211$2.73$7.83$5.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$202$2.87$200$0.71$7.32$6.62
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$222$0.76$221$28.7$6.60$22.1
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$186$0.75$185$1.86$5.96$4.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$1.13$170$1.98$4.94$2.95
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$156$1.31$155$4.45$5.14$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$1.02$160$162$5.25$157
2016Summary only. Only limited summary data is available for this year.$2.10$0.24$1.86$3.56$4.45$0.89
2015Detailed filing. Detailed filing data is available for this year.$2.94$0.20$2.74$3.75$4.25$0.49
2014Detailed filing. Detailed filing data is available for this year.$3.76$0.53$3.24$4.20$10.7$6.50
2013Detailed filing. Detailed filing data is available for this year.$10.5$0.73$9.74$6.04$5.74$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.81$9.43$5.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.33$0.82$7.52$6.34
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$1.19$5.40$8.96
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$28,699,052
Mission and Program Overview

Mission

To help mississippians obtain postsecondary credentials, college certificates, and degrees that lead to meaningful employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$174,143,160$173,909,872▼ $233,288
Investments in Publicly Traded Securities$28,115,328$34,838,260▲ $6,722,932
Savings and Temporary Cash Investments$5,311,105$13,479,025▲ $8,167,920
Cash and Non-Interest-Bearing Accounts$3,029,428$0▼ $3,029,428
Pledges and Grants Receivable$96,469$891,208▲ $794,739
Land, Buildings, and Equipment, Net$152,889$238,873▲ $85,984
Prepaid Expenses and Deferred Charges$0$182,188▲ $182,188
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$213,624,016$225,111,352▲ $11,487,336
Other Assets Total$2,775,637$1,571,926▼ $1,203,711
Liabilities
Other Liabilities$1,837,736$1,509,642▼ $328,094
Accounts Payable and Accrued Expenses$575,719$672,539▲ $96,820
Deferred Revenue$157,805$251,014▲ $93,209
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$2,571,260$2,433,195▼ $138,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$211,052,756$222,678,157▲ $11,625,401
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$211,052,756$222,678,157▲ $11,625,401
Total Liabilities and Net Assets / Fund Balance$213,624,016$225,111,352▲ $11,487,336

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$223,823$546,652$770,475
Leasehold Improvements$15,050$45,335$60,385
Other Land Buildings$0$59,110$59,110
Other Securities$61,135--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James McHalePresident/CEOFT$292,708$71,319$364,027
William AlvisCFO/TreasurerFT$205,114$55,458$260,572
Minette KetchingsCOO/SecretaryFT$165,972$32,641$198,613
Shanell WatsonChief of StaffFT$119,235$32,836$152,071
Morgan MillerDirector of Communications,FT$102,709$28,330$131,039
Nathan SlaterBoard Member/Board Chair-$10,800-$10,800
John HillBoard Member-$7,800-$7,800
Robert LeardBoard Member-$7,200-$7,200
Cedric BradleyBoard Member-$6,900-$6,900
Debra McGeeBoard Member/Board Vice Chair-$6,900-$6,900
David MartinBoard Member-$6,300-$6,300
Michael CormackBoard Member-$5,700-$5,700
Errick SimmonsBoard Member Beg 5/28/24-$4,200-$4,200
Carla KirklandBoard Member Beg 5/28/24-$3,900-$3,900
Mike HighfieldBoard Member Beg 5/28/24-$3,000-$3,000
Andrew MullinsBoard Member Through 5/28/24-$2,700-$2,700
Camille YoungBoard Member-$2,400-$2,400
Eddie CarlisleBoard Member Through 5/28/24-$1,500-$1,500
Haley FisackerlyBoard Member-$1,500-$1,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge AssociatesInvestment Management115 Federal Street, Boston, MA 02110$577,342
Admit Hub IncWeb Platform Services38 Chauncy street, Boston, MA 02111$267,000
Fund Evaluation GroupInvestment Management201 East Fifth Street, Cincinnati, OH 45202$154,679
Business Communications IncIT ServicesPO Box 678360, Dallas, TX 75267$127,753
Higher Ed InsightEvaluation Services8115 Old Dominion Dr, McLean, VA 22102$125,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,241,680
Program Service Revenue
$404,417
Investment Income
$2,226,915
Other Revenue
$985,238
All Other Contributions
$1,419,680
Change in Net Assets
$-2,925,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,085,539
Revenue Not Reported on Financial Statements
$1,772,711
Revenue Not Reported on Form 990
$15,536,448
Other Revenue Adjustments
$1,772,711
Total Revenue per Audited Statements
$19,621,987
Total Revenue per Form 990
$5,858,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,939,649
Salaries, Compensation, and Employee Benefits$3,468,300
Grants and Similar Amounts Paid$1,376,110
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,579,528$256,175-$1,835,703
Grants to Domestic Orgs$1,376,110--$1,376,110
Current Officers, Directors, Trustees, and Key Employees$409,694$484,317-$894,011
Fees for Service Investment Mgmnt Fees-$787,473-$787,473
Office Expenses$523,953$84,977-$608,930
Information Technology$474,590$76,971-$551,561
Fees for Services Other$460,526$74,690$0$535,216
Occupancy$333,992$54,168-$388,160
Pension Plan Contributions$240,246$38,964-$279,210
Other Employee Benefits$239,667$38,870-$278,537
Travel$179,460$29,106-$208,566
Payroll Taxes$155,603$25,236-$180,839
Insurance$140,828$22,840-$163,668
Advertising$135,451$21,968-$157,419
Fees for Services Accounting$94,699$15,359-$110,058
Other Expenses$67,264$10,909-$78,173
Depreciation Depletion$63,636$10,321-$73,957
Conferences and Meetings$54,998$8,920-$63,918
Fees for Services Legal$8,226$1,334-$9,560
All Other Expenses$6,363$1,032$0$7,395
Total Functional Expenses$6,728,175$2,055,884$0$8,784,059

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,784,059
Expenses per Audited Statements$7,996,586
Total Expenses per Audited Statements$7,996,586
Expenses Not Reported on Financial Statements$787,473
Other Expense Adjustments$787,473
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Propel Education Forum of Mississippi IncJackson, MS501(c)(3)To identify a Mississippi-based organization to coordinate the work needed for the State to reach the Ascent to 55% statewide attainment goal$250,000
Community Foundation of Northwest Mississippi (CFNM) on behalf of Global TeForest, MS501(c)(3)To expand access to rigorous STEM coursework, which is not currently available in rural, low-income schools, and raise student achievement throughout the state of Mississippi, particularly the Delta$170,200
Coahoma Community CollegeClarksdale, MS115To support student success through professional development and data fluency$133,774
Itawamba Community College Foundation IncFulton, MS501(c)(3)To increase retention and persistence efforts for African American males at Belden, Tupelo and Fulton campuses$80,000
MB Swayze Educational FoundationJackson, MS501(c)(3)To develop on-going work for creating education opportunities for Mississippians$50,000
Mississippi Alliance of Nonprofits and PhilanthropyJackson, MS501(c)(3)To support the general operations of the Alliance as it serves the needs of the philanthropic sector in the state of Mississippi$50,000
Mississippi State University FoundationMississippi State, MS501(c)(3)To provide personnel support for diversity programming, recruiting and retention$50,000
NCAN National #DoTheFAFSA Social Media CampaignWashington, DC501(c)(3)To increase the number of students completing the FAFSA$50,000
The Parent's CampaignJackson, MS501(c)(3)To ensure a P-12 system that prepares Mississippi children to exit secondary school with the skills needed to thrive in college and/or career$50,000
Children's Foundation of MississippiJackson, MS501(c)(3)To help determine needed supports for youth eligible to participate in the FAITH ACT scholarship program$49,971
MS Institutions of Higher Learning Complete 2 CompeteJackson, MS115To assist Mississippi adult learners with some college in earning post-secondary credentials that enhance employment opportunities, resulting in family-sustaining wage careers.$41,363
Jackson Medical Mall FoundationJackson, MS501(c)(3)To improve student success related college/career readiness and access$30,000
Mississippi Council on Economic EducationJackson, MS501(c)(3)To provide participant incentives to education professionals completing the Master Teacher of College and Career Readiness training$25,000
Community Foundation for MississippiJackson, MS501(c)(3)To build organizational capacity of local non-profit offering college access services$11,500

International Summary

Offices
0
Employees
0
Spending
$39,237,533

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a00$29,386,514
Europe (Including Iceland and Greenland)InvestmentsN/a00$7,257,323
North America (Canada & Mexico only)InvestmentsN/a00$2,593,696
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$1,509,642
Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 A&B

The 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.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The investment committee has overall responsibility for the operation and administration of the investments of woodward hines education foundation (whef). The work of the committee consists of investment duties and administrative duties. The committee is comprised of robert leard, dr. Mike highfield, cate robinson, and neal graziano. Neal graziano, managing director of private investments for the wk kellogg foundation, is an advisory member only and does not have voting privileges. All committee meetings are documented by minutes approved by the full board.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The CFO and COO review the form before the final draft is completed. Once the final draft is received, it is provided to the CEO and Board members for review prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

When a potential or actual conflict is discovered the policy requires it to be reported to general counsel or the Corporate Secretary. The Corporate Secretary in consultation with general Counsel will determine if a conflict exists. Any Board member or staff member with a potential or actual conflict is prohibited from making decisions or voting on actions involving the conflict.

Form 990, Part VI, Line 19 Required documents available to the public

Upon request

Filing and Contact Details

Filer

Filer Name
Woodward Hines Education Foundation
EIN
64-0860939
Phone
6013215555
Address
PO Box 5008, Jackson, MS 39296-5008

Signing Officer

Name
William F Alvis
Title
CFO
Phone
6013215556
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Ms
Voting Board Members
12
Independent Board Members
12
Employees
33
Volunteers
1

Preparer

Firm
Forvis Mazars LLP
Address
PO Box 3667, Little Rock, AR 72203-3667
Preparer
Amber Sherrill
Phone
5013721040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

K-1 Book to Tax Difference - -985238; Total - -985238;

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material income tax positions to be reported or disclosed in the financial statements.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

INVESTMENT FEES - 787473 K-1 Book to Tax Difference - 985238

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

INVESTMENT FEES - 787473

Raw XML AppendixShowing 400 of 1,087 raw XML fields

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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IRS990/Desc0PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING SCHOLARSHIPS, COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI.
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IRS990/MissionDesc0To expand equitable access to and completion of postsecondary credentials, certificates, and degrees that lead to meaningful employment for more Mississippians. The organization does this by providing college planning and access services to Mississippians and managing Mississippi Higher Education Assistance Corporation, a non-profit holder of FFELP Loans.
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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
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