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Nonprofit · EIN 64-0860939

WOODWARD HINES EDUCATION FOUNDATION

Tax-exempt · JACKSON, MS 39296

Financials

$2.7M$7.8M2023$5.9M$8.8M2024
Revenue Expenses · by fiscal year end
Financials of WOODWARD HINES EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,858,250$8,784,059-$2,925,809$225,111,352$2,433,195$222,678,157
December 31, 2023990$2,725,028$7,830,632-$5,105,604$213,624,016$2,571,260$211,052,756
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,241,680
Program service revenue
$404,417
Investment income
$2,226,915
Net gain from sales of assets
$753,847
Other revenue
$985,238

Expenses

Grants and similar amounts paid
$1,376,110
Compensation of officers, directors and key employees
$894,011
Other salaries and wages
$1,835,703
Salaries, compensation and benefits (total)
$3,468,300
Professional fundraising fees
$0
Legal fees
$9,560
Accounting fees
$110,058
Occupancy
$388,160
Travel
$208,566
Depreciation
$73,957
Program services (functional)
$6,728,175
Management and general (functional)
$2,055,884

Balance sheet and other

Total assets, start of year
$213,624,016
Total assets, end of year
$225,111,352
Total liabilities, end of year
$2,433,195
Net assets, end of year
$222,678,157
Land, buildings and equipment
$238,873
Publicly traded securities
$34,838,260
Net assets without donor restrictions
$222,678,157
Gross unrelated business income
$985,238
Gross receipts
$28,699,052
Employees
33
Volunteers
1
Year formed
1995
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
James McHalePresident/CEO
Officer
40$293,500$70,527
William AlvisCFO/Treasurer
Officer
40$205,906$54,666
Minette KetchingsCOO/Secretary
Officer
40$166,764$31,849
Shanell WatsonChief of Staff
Highest-paid employee
40$119,399$32,672
Morgan MillerDirector of Communications,
Highest-paid employee
40$102,709$28,330
Nathan SlaterBoard Member/Board Chair
Trustee or director, Officer
2$10,800$0
John HillBoard Member
Trustee or director
1$7,800$0
Robert LeardBoard Member
Trustee or director
1$7,200$0
Debra McGeeBoard Member/Board Vice Chair
Trustee or director, Officer
1$6,900$0
Cedric BradleyBoard Member
Trustee or director
1$6,900$0
David MartinBoard Member
Trustee or director
1$6,300$0
Michael CormackBoard Member
Trustee or director
1$5,700$0
Errick SimmonsBoard Member Beg 5/28/24
Trustee or director
1$4,200$0
Carla KirklandBoard Member Beg 5/28/24
Trustee or director
1$3,900$0
Mike HighfieldBoard Member Beg 5/28/24
Trustee or director
1$3,000$0
4 more people on this return
NameTitleHours / weekCompensation
Andrew MullinsBoard Member Through 5/28/24
Trustee or director
1$2,700
Camille YoungBoard Member
Trustee or director
1$2,400
Eddie CarlisleBoard Member Through 5/28/24
Trustee or director
1$1,500
Haley FisackerlyBoard Member
Trustee or director
1$1,500
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
JAMES E MCHALEPRESIDENT/CEO
Officer
40$282,701$17,490
WILLIAM F ALVISCFO/TREASURER
Officer
40$197,670$24,347
MINETTE D KETCHINGSDIRECTOR OF OPERATIONS/CON
Officer
40$156,659$17,874
NATHAN SLATERBOARD CHAIR
Trustee or director, Officer
2$8,950$0
JOHN F HILLDIRECTOR
Trustee or director
2$8,150$0
ROBERT LEARDDIRECTOR
Trustee or director
1$7,200$0
DAVID MARTINDIRECTOR
Trustee or director
1$7,200$0
DEBRA MCGEEBOARD VICE-CHAIR
Trustee or director, Officer
1$6,600$0
ANDREW MULLINSDIRECTOR
Trustee or director
1$6,600$0
EDWARD CARLISLEDIRECTOR
Trustee or director
1$6,000$0
MICHAEL CORMACK JRDIRECTOR
Trustee or director
1$5,400$0
CAMILLE YOUNGDIRECTOR
Trustee or director
1$5,400$0
CEDRIC BRADLEYDIRECTOR, BEGIN 5/2023
Trustee or director
1$3,900$0
HALEY FISACKERLYDIRECTOR
Trustee or director
1$3,000$0

Address and contacts

Address (IRS master file)
PO BOX 5008, JACKSON, MS 39296-5008
Principal officer (990 for 2024)
William F Alvis, PO Box 5008, Jackson, MS 392965008
Signed the 990
William F Alvis, CFO
Phone
(601) 321-5555
Return prepared by
Forvis Mazars LLP

Mission

To 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.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING SCHOLARSHIPS, COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI.
    Expenses $5,169,228 · revenue $6,064
  • GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING SERVICES AND ASSISTANCE TO STUDENTS.
    Expenses $1,376,110 · grants $1,376,110
  • PROVIDING MANAGEMENT SERVICES TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION
    Expenses $182,837 · revenue $398,353

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
64-0860939
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B820)
Assets (IRS master file)
$225,111,352
Income (IRS master file)
$28,699,052

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,858,250$8,784,059$225,111,352XML
990-TDecember 2024–––IRS
990December 2023$2,725,028$7,830,632$213,624,016XML
990-TDecember 2023–––IRS
990December 2022$705,522$7,323,373$202,416,655IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0860939).

Questions about WOODWARD HINES EDUCATION FOUNDATION

What is the EIN of WOODWARD HINES EDUCATION FOUNDATION?
The employer identification number (EIN) of WOODWARD HINES EDUCATION FOUNDATION is 64-0860939.
Is WOODWARD HINES EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to WOODWARD HINES EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does WOODWARD HINES EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WOODWARD HINES EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WOODWARD HINES EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WOODWARD HINES EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 names William F Alvis.
Who are the officers and directors of WOODWARD HINES EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $293,500 (James McHale, President/CEO).
How much revenue does WOODWARD HINES EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,858,250, expenses of $8,784,059 and total assets of $225,111,352 at year end.

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