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.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
| Position | Total |
|---|---|
President/ceo 25th percentile to median | $71k $75k |
Cfo/treasurer 25th percentile to median | $55k $58k |
Coo/secretary Secretary (Operational) 25th percentile to median | $32k $34k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 14 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION equaled 0.9% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 190%
from 2023
From $24k in 2023 to $71k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 303% from 2023 to 2024, while revenue fell 12%.
- Chief Financial Officer pay rose 125% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION
What does the Chief Executive Officer of MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION earn?
In 2024, the Chief Executive Officer of MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION received $70,527 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION falls between the 25th percentile and the median. In 2024, the highest total compensation at MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION equaled 0.9% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION's revenue and expenses?
In 2024, MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION reported $8.6M in total revenue and $7.8M in total expenses on its IRS Form 990.
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