2023-11-15T13:27:10-06:00 2022-12-31 640414329 HADDOX REID EUBANK BETTS PLLC 1020 HIGHLAND COLONY PKY SUITE 600 RIDGELAND MS 39157 990 2022-01-01 640860939 WOODWARD HINES EDUCATION FOUNDATION WOOD 6013215555 PO BOX 5008 JACKSON MS 392965008 WILLIAM F ALVIS CFO 6013215555 2023-11-15 1 WILLIAM ALVIS 999009999 1 KATIE HOGGATT CPA P01340185 6019482924 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM F ALVIS PO BOX 5008 JACKSON MS 392965008 38954552 0 X WWW.WOODWARDHINES.ORG X 1995 MS PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI AND PROVIDING MANAGEMENT SERVICE TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION (A NOT-FOR-PROFIT SECONDARY MARKET CORPORATION). 10 10 34 0 0 28976 761850 1243412 684300 594569 27280502 -1132459 0 0 28726652 705522 759852 1152644 0 0 2756455 2687469 0 0 0 3078987 3483260 6595294 7323373 22131358 -6617851 222031290 202416655 758601 2868959 221272689 199547696 TO HELP MISSISSIPPIANS OBTAIN POSTSECONDARY CREDENTIALS, COLLEGE CERTIFICATES, AND DEGREES THAT LEAD TO MEANINGFUL EMPLOYMENT. 0 0 3955521 11302 PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING SCHOLARSHIPS, COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI. 1152644 1152644 GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING SERVICES AND ASSISTANCE TO STUDENTS. 274162 583267 PROVIDING MANAGEMENT SERVICES TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION 5382327 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 34 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MS X WILLIAM F ALVIS 6013215555 PO BOX 5008 JACKSON MS 392965008 EDWARD CARLISLE DIRECTOR 1.00 1.00 X 4250 0 0 MICHAEL CORMACK JR DIRECTOR 1.00 1.00 X 5175 0 0 HALEY FISACKERLY DIRECTOR 1.00 1.00 X 5500 0 0 ROBERT LEARD DIRECTOR 1.00 1.00 X 5650 0 0 DAVID MARTIN DIRECTOR 1.00 1.00 X 6350 0 0 DEBRA MCGEE DIRECTOR 1.00 1.00 X 6100 0 0 ANDREW MULLINS DIRECTOR 1.00 1.00 X 6100 0 0 CAMILLE YOUNG DIRECTOR 1.00 1.00 X 5800 0 0 JOHN F HILL BOARD CHAIR 2.00 1.00 X X 9450 0 0 NATHAN SLATER BOARD VICE-CHAIR 1.00 1.00 X X 6100 0 0 JAMES E MCHALE PRESIDENT/CEO 40.00 1.00 X 270542 0 16916 WILLIAM F ALVIS CFO/TREASURER 40.00 1.00 X 196449 0 21993 MINETTE D KETCHINGS DIRECTOR OF OPERATIONS/CON 40.00 1.00 X 155702 0 16814 683168 0 55723 4 0 1 0 HEDERMAN BROTHERS PO BOX 1036 MADISON MS 39130 PUBLICATIONS 232452 FUND EVALUATION GROUP 201 EAST FIFTH STREET SUITE 1600 CINCINNATI OH 45202 INVESTMENT MANAGEMENT 194268 CAMBRIDGE ASSOCIATES 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT MANAGEMENT 186666 BUSINESS COMMUNICATIONS PO BOX 678360 DALLAS TX 75267 IT CONSULTING 142974 KANSA ADVISORY 19432 FOXDALE CIRCLE HUNTINGTON BEACH CA 92648 INVESTMENT CONSULTING 105000 5 600000 643412 1243412 OPERATIONAL FEES 900099 583267 583267 COST/EXPENSE REIMBURSEMENT AND PR 900099 11302 11302 594569 589334 589334 36527237 38249030 -1721793 -1721793 -1721793 705522 594569 0 -1132459 X 1152644 1152644 779353 363070 416283 1492848 1476064 16784 82169 79318 2851 180846 156574 24272 152253 124616 27637 15744 15744 96000 38700 57300 759527 759527 835616 457296 378320 56583 38030 18553 123111 117861 5250 245147 192053 53094 365885 336483 29402 125305 123612 1693 19630 17213 2417 65922 62919 3003 175183 114143 61040 PROGRAM EXPENSE 167064 167064 PUBLICATIONS & RESOURCE 150887 148562 2325 DUES/SUBSCRIPTIONS 63665 56366 7299 MAINTENANCE 32150 31291 859 185841 128448 57393 7323373 5382327 1941046 0 2540453 3315117 30202822 7736735 45858 54296 771058 613935 181466 157123 33307134 25446426 155047249 162979668 706308 2727290 222031290 202416655 509874 737234 245850 2877 117598 0 2014127 758601 2868959 X 221272689 199547696 221272689 199547696 222031290 202416655 -6617851 -15107142 0 X X 0 1 X 1 0 X X 1 MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION 640642776 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COLUMN VI PROVIDES MANAGEMENT SERVICES TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60384 37229 23155 652750 519938 132812 57924 56768 1156 157123 FEG PRIVATE OPPORTUNITIES FUND II LP SERIES A 45541693 F FEG PRIVATE OPPORTUNITIES FUND IV LP SERIES A 16803517 F FEG ABSOLUTE ACCESS TEI FUND LLC 23957 F FEG PRIVATE OPPORTUNITIES FUND III LP 26330087 F REGIONS 457(F) INVESTMENT 76633 F WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND, LP 7809214 F JANCHOR PARTNERS PAN-ASIAN FUND 1917599 F SAMLYN OFFSHORE LTD. 2239458 F PELHAM LONG/SHORT FUND LTD 1336599 F DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP 1961851 F PARAMETRIC GLOBAL DEFENSIVE EQUITY FUND LLC 2391646 F ISAM SYSTEMATIC TREND SPV LTD. 2259318 F RENAISSANCE INSTITUTIONAL DIVERSIFIED GLOBAL EQUITIES ONSHORE FUNDS LP - SE 2630819 F DORSAL CAPITAL PARTNERS, LTD. 2010202 F ARROWSTREET EAFE ALPHA EXTENSION TRUST FUND - CLASS B 4986417 F ASPEX GLOBAL FUND 1996690 F MATRIX CAPITAL MANAGEMENT FUND (OFFSHORE) 3031689 F HUDSON BAY INTERNATIONAL FUND 3073220 F PALMER SQUARE INCOME PLUS FUND 7869462 F GREEN COURT GREATER CHINA LONG-ONLY EQUITY FUND 1515220 F D.E. SHAW U.S. BROAD MARKET CORE ALPHA FUND B 8474327 F CITY OF LONDON INV MGMT CO EMERGING MKTS CEF 2265600 F JUNIPERUS INSURANCE OPPORTUNITY FUND LIMITED 1879304 F VULCAN VALUE PARTNERS ALL CAP FUND 3791732 F AKO EUROPEAN LONG ONLY FUND 3326400 F GQG PARTNERS GLOBAL EQUITY FUND 4741082 F TWO SIGMA CHINA CORE EQUITY CAYMAN FUND 1224817 F JMI EQUITY -7039 F OBVIOUS PRIME II 72155 F OBVIOUS VENTURES IV 58579 F ITE RAIL FEEDER FUND 436054 F KLINE HILL PARTNERS IV 911366 F 162979668 OPERATING LEASE LIABILITY 2014127 2014127 X PART X, LINE 2: AUDITED FINANCIAL STATEMENT FOOTNOTE DISCLOSURE REGARDING ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES WHEF IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. WHEF BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 26222000 0 0 0 0 0 0 26222000 0 26222000 1 0 0 1 0 0 PART III ACCOUNTING METHOD: 1 MISSISSIPPI ALLIANCE OF NONPROFITS 2600 LAKELAND TERRACE SUITE 100 JACKSON MS 39216 582025957 501(C)3 19111 0 TO ENGAGE CONSULTANTS IN ADVANCING AGENDA AND GOALS RELATED TO THE MS CONNECTS EFFORT, WHICH SEEKS TO GREATLY EXPAND BROADBAND ACCESS FOR MISSISSIPPI STUDENTS. MISSISSIPPI UNIVERSITY FOR WOMEN 1100 COLLEGE STREET MUW-1625 COLUMBUS MS 39701 646000826 501(C)3 92046 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DR 5002 HATTIESBURG MS 39402 646000818 501(C)3 105455 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. DELTA STATE UNIVERSITY 1003 W SUNFLOWER RD CLEVELAND MS 38733 646026565 501(C)3 114070 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. UNIVERSITY OF MISSISSIPPI 100 BARR HALL UNIVERSITY MS 38677 646001159 501(C)3 135766 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. MISSISSIPPI VALLEY STATE UNIVERSITY 14000 HIGHWAY 82 WEST ITTA BENA MS 38941 646001395 501(C)3 30000 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. MISSISSIPPI STATE UNIVERSITY PO BOX 5307 MISSISSIPPI STATE MS 39762 646000819 501(C)3 64910 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. PUBLIC EDUCATION FORUM OF MISSISSIPPI INC PO BOX 23276 JACKSON MS 392253276 570897061 501(C)3 229167 0 TO SUPPORT THE EFFORTS OF THE STATE TO ACHIEVE ITS POSTSECONDARY ATTAINMENT GOALS OF 55% BY 2030 AND 60% BY 2035. MISSISSIPPI PUBLIC SCHOOL CONSORTIUM FOR EDUCATIONAL ACCESS 110 COMMERCE LOOP FOREST MS 39074 646001057 501(C)3 61158 0 TO EXPAND ACCESS TO RIGOROUS STEM COURSEWORK, WHICH IS NOT CURRENTLYAVAILABLE IN RURAL, LOW-INCOME SCHOOLS, AND RAISE STUDENT ACHIEVEMENTTHROUGHOUT THE STATE OF MISSISSIPPI, PARTICULARLY THE DELTA. MISSISSIPPI TODAY 750 WOODLANDS PARKWAY SUITE 100 RIDGELAND MS 39157 472158741 501(C)3 32083 0 TO ENHANCE PUBLIC AWARENESS OF MISSISSIPPI-SPECIFIC BARRIERS AND OPPORTUNITIES WITHIN HIGHER EDUCATION TEAM 36 706 PARK LANE OXFORD MS 38655 812975476 501(C)3 5465 0 TO SUPPORT THE DEVELOPMENT FOR ONLINE ACT TEST PREP FOR TEACHERS AND STUDENTS MISSISSIPPI STATE UNIVERSITY FOUNDATION INC PO BOX 6149 MISSISSIPPI STATE MS 39762 640410581 501(C)3 20835 0 MISSISSIPPI STATE UNIVERSITY FOUNDATION ("MSUF") SEEKS SUPPORT ON BEHALF OF THE MSU COLLEGE OF FOREST RESOURCES (CFR) TO EXECUTE A DEPARTMENT STRATEGY TO FURTHER THE WORK OF THE UNIVERSITY'S DIVERSITY COUNCIL, A CAMPUS-WIDE BODY THAT HAS DEVELOPED A DETAILED STRATEGIC PLAN TO ENHANCE DIVERSITY, EQUITY, AND INCLUSION IN THE COLLEGE. THE DIVERSITY COUNCIL'S PLAN WAS OPERATIONALIZED THROUGH A PROGRAM LOGIC MODEL, WITH SPECIFIC GOALS AND TARGETS IN RECRUITING, RETENTION, AND ADVANCEMENT OF UNDERREPRESENTED STUDENTS IN CFR UNDERGRADUATE AND GRADUATE PROGRAMS. COAHOMA COMMUNITY COLLEGE 3440 FRIARS POINT ROAD CLARKSDALE MS 38614 640437624 501(C)3 102123 0 SUPPORT OF STUDENT SUCCESS JACKSON STATE UNIVERSITY 1400 JOHN R LYNCH STREET JACKSON MS 39217 646000507 501(C)3 125455 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. MISSISSIPPI HUMANITIES COUNCIL 3825 RIDGEWOOD ROAD ROOM 311 JACKSON MS 39211 640561264 501(C)3 6668 0 TO EXPLORE THE OPPORTUNITIES FOR MS COMMUNITY COLLEGES, UNIVERSITIES, AND NON-PROFITS TO EXPAND QUALITY POSTSECONDARY EDUCATION PROGRAMS FOR STUDENTS IN PRISON. 15 PART I, LINE 2: THE WOODWARD HINES EDUCATION FOUNDATION HAD (TERMINATED SEPTEMBER 2017) A CONTRACT TO MANAGE MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION'S OPERATIONS AND MONITORED THE USE OF THE FUNDS AS PART OF THAT CONTRACT. THE CONTRACT WAS REPLACED WITH A MEMORANDUM OF UNDERSTANDING TO PERFORM THE SAME SERVICES. THE WOODWARD HINES EDUCATION FOUNDATION HAS WRITTEN GUIDELINES STATING CRITERIA FOR MAKING GRANTS AND USES A GRANT PROGRAM CHECKLIST TO ENSURE THAT THE PROCESS APPROVED BY THE BOARD OF DIRECTORS IS FOLLOWED AND APPROPIRATE APPROVALS ARE DOCUMENTED. 1 X 0 0 0 0 0 0 0 0 0 JAMES E MCHALE PRESIDENT/CEO 270542 0 0 0 0 0 16377 0 1987 0 288906 0 0 0 WILLIAM F ALVIS CFO/TREASURER 196449 0 0 0 0 0 12264 0 11173 0 219886 0 0 0 MINETTE D KETCHINGS DIRECTOR OF OPERATIONS/CON 155702 0 0 0 0 0 9551 0 8445 0 173698 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN WAS PROVIDED TO THE BOARD BY THE BOARD SECRETARY VIA AN ONLINE BOARD PORTAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS AND STAFF TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT DISCLOSING ANY RELATIONSHIPS THAT MIGHT POSE A CONFLICT OF INTEREST. THE CORPORATE SECRETARY REVIEWS ALL CONFLICT OF INTEREST STATEMENTS AND REPORTS ANY POTENTIAL CONFLICTS TO THE PRESIDENT AND CEO AND LEGAL COUNSEL IF NEEDED. IF AN ACTUAL CONFLICT OF INTEREST IS DEEMED TO HAVE OCCURRED, APPROPRIATE ACTIONS WILL BE TAKEN TO DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST AND IS FAIR AND REASONABLE. INTENTIONAL FAILURE TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OR TO FOLLOW POLICY GUIDELINES, CAN RESULT IN DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 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 OCTOBER 2019 TO DETERMINE SALARIES FOR 2020-2022. THIS WILL BE REPEATED EVERY THREE TO FOUR YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 427,304. MANAGEMENT AND GENERAL EXPENSES 378,320. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 805,624. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 29,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,992. FORM 990, PART XII, 2C, ORGANIZATION COMMITTEE OVERSIGHT OF AUDIT: THE ORGANIZATION 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. MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION PO BOX 5008 JACKSON MS 392965008 640642776 HIGHER EDUCATION ASSISTANCE MS 501(C)3 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION L 583267 FAIR MARKET VALUE MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION C 600000 FAIR MARKET VALUE