2024-11-13T15:03:05-06:00 2023-12-31 461498870 BMSS LLC 1020 HIGHLAND COLONY PKWY SUITE 600 RIDGELAND MS 39157 990 2023-01-01 640860939 WOODWARD HINES EDUCATION FOUNDATION WOOD 6013215555 PO BOX 5008 JACKSON MS 392965008 WILLIAM F ALVIS CFO 6013215555 2024-11-15 1 1 KATIE HOGGATT CPA P01340185 6019482924 2024-10-31 2023 2024-10-15 13:58:12Z WILLIAM F ALVIS PO BOX 5008 JACKSON MS 392965008 8234159 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). 11 11 36 0 0 55978 1243412 1853363 594569 481986 -1132459 389679 0 0 705522 2725028 1152644 1187967 0 0 2687469 2910169 0 0 0 3483260 3732496 7323373 7830632 -6617851 -5105604 202416655 213624016 2868959 2571260 199547696 211052756 TO HELP MISSISSIPPIANS OBTAIN POSTSECONDARY CREDENTIALS, COLLEGE CERTIFICATES, AND DEGREES THAT LEAD TO MEANINGFUL EMPLOYMENT. 0 0 4583879 10019 PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING SCHOLARSHIPS, COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI. 1187967 1187967 GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING SERVICES AND ASSISTANCE TO STUDENTS. 229926 471967 PROVIDING MANAGEMENT SERVICES TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION 6001772 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 25 0 1 36 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 6000 0 0 MICHAEL CORMACK JR DIRECTOR 1.00 1.00 X 5400 0 0 HALEY FISACKERLY DIRECTOR 1.00 1.00 X 3000 0 0 ROBERT LEARD DIRECTOR 1.00 1.00 X 7200 0 0 DAVID MARTIN DIRECTOR 1.00 1.00 X 7200 0 0 DEBRA MCGEE BOARD VICE-CHAIR 1.00 1.00 X X 6600 0 0 ANDREW MULLINS DIRECTOR 1.00 1.00 X 6600 0 0 CAMILLE YOUNG DIRECTOR 1.00 1.00 X 5400 0 0 JOHN F HILL DIRECTOR 2.00 1.00 X 8150 0 0 NATHAN SLATER BOARD CHAIR 2.00 1.00 X X 8950 0 0 CEDRIC BRADLEY DIRECTOR, BEGIN 5/2023 1.00 1.00 X 3900 0 0 JAMES E MCHALE PRESIDENT/CEO 40.00 1.00 X 282701 0 17490 WILLIAM F ALVIS CFO/TREASURER 40.00 1.00 X 197670 0 24347 MINETTE D KETCHINGS DIRECTOR OF OPERATIONS/CON 40.00 1.00 X 156659 0 17874 705430 0 59711 4 0 1 0 CAMBRIDGE ASSOCIATES 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT MANAGEMENT 627512 ADMIT HUB INC 38 CHAUNCY STREET SUITE 11100 BOSTON MA 02111 WEB PLATFORM SUBSCRIPTION 323032 HIGHER ED INSIGHT 8115 OLD DOMINION DRIVE SUITE 200 MCLEAN VA 22102 EVALUATION SERVICES 195000 FUND EVALUATION GROUP 201 EAST FIFTH STREET SUITE 1600 CINCINNATI OH 45202 INVESTMENT MANAGEMENT 176532 BUSINESS COMMUNICATIONS PO BOX 678360 DALLAS TX 75267 IT CONSULTING 167022 7 830000 1023363 1853363 OPERATIONAL FEES 900099 471967 471967 COST/EXPENSE REIMBURSEMENT AND PR 900099 10019 10019 481986 1133727 1133727 4765083 5509131 -744048 -744048 -744048 2725028 481986 0 389679 1187967 1187967 802132 372597 429535 1651294 1641670 9624 82256 81004 1252 209393 184253 25140 165094 137095 27999 26484 1360 25124 98500 39400 59100 745461 745461 604641 404176 200465 42561 40311 2250 94276 88958 5318 633797 559699 74098 367241 336922 30319 179870 176431 3439 124501 121991 2510 55013 52304 2709 176803 115639 61164 PROGRAM EXPENSE 123597 123597 PUBLICATIONS & RESOURCE 93127 83427 9700 DUES/SUBSCRIPTIONS 71468 59547 11921 MAINTENANCE 38921 37378 1543 256235 156046 100189 7830632 6001772 1828860 0 3315117 3029428 7736735 5311105 54296 96469 797704 644815 157123 152889 25446426 28115328 162979668 174143160 2727290 2775637 202416655 213624016 737234 575719 117598 157805 2014127 1837736 2868959 2571260 X 199547696 211052756 199547696 211052756 202416655 213624016 -5105604 16610664 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 60385 42211 18174 678208 544731 133477 59111 57873 1238 152889 FEG PRIVATE OPPORTUNITIES FUND II LP SERIES A 44594405 F FEG PRIVATE OPPORTUNITIES FUND IV LP SERIES A 17011590 F FEG PRIVATE OPPORTUNITIES FUND III LP 25651349 F REGIONS 457(F) INVESTMENT 120714 F WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND, LP 9818284 F JANCHOR PARTNERS PAN-ASIAN FUND 1888220 F SAMLYN OFFSHORE LTD. 2408239 F DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP 2086015 F PARAMETRIC GLOBAL DEFENSIVE EQUITY FUND LLC 1154044 F ISAM SYSTEMATIC TREND SPV LTD. 3207539 F RENAISSANCE INSTITUTIONAL DIVERSIFIED GLOBAL EQUITIES ONSHORE FUNDS LP - SE 2632422 F DORSAL CAPITAL PARTNERS, LTD. 2274373 F ARROWSTREET EAFE ALPHA EXTENSION TRUST FUND - CLASS B 6008878 F ASPEX GLOBAL FUND 2164419 F MATRIX CAPITAL MANAGEMENT FUND (OFFSHORE) 4247576 F HUDSON BAY INTERNATIONAL FUND 3218552 F PALMER SQUARE INCOME PLUS FUND 8162955 F GREEN COURT GREATER CHINA LONG-ONLY EQUITY FUND 1225920 F D.E. SHAW U.S. BROAD MARKET CORE ALPHA FUND B 10235018 F CITY OF LONDON INV MGMT CO EMERGING MKTS CEF 2476629 F JUNIPERUS INSURANCE OPPORTUNITY FUND LIMITED 2249190 F VULCAN VALUE PARTNERS ALL CAP FUND 5289116 F AKO EUROPEAN LONG ONLY FUND 4177200 F GQG PARTNERS GLOBAL EQUITY FUND 5081123 F TWO SIGMA CHINA CORE EQUITY CAYMAN FUND 1099997 F JMI EQUITY 212478 F OBVIOUS PRIME II 116024 F OBVIOUS VENTURES IV 166760 F ITE RAIL FEEDER FUND 2015916 F KLINE HILL PARTNERS IV 3151475 F BIOPHARMA CREDIT INVESTMENTS V -3260 F 174143160 OPERATING LEASE LIABILITY 1837736 1837736 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 THE COMPANY 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. THE COMPANY 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 31428000 0 0 0 0 0 0 31428000 0 31428000 1 0 0 1 0 0 1 MISSISSIPPI ALLIANCE OF NONPROFITS 2600 LAKELAND TERRACE SUITE 100 JACKSON MS 39216 582025957 501(C)3 23251 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 88941 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 100000 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 73603 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. UNIVERSITY OF MISSISSIPPI 100 BARR HALL UNIVERSITY MS 38677 646001159 501(C)3 108795 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 70000 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 50725 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. MISSISSIPPI PUBLIC SCHOOL CONSORTIUM FOR EDUCATIONAL ACCESS 110 COMMERCE LOOP FOREST MS 39074 646001057 501(C)3 208330 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 35000 0 TO ENHANCE PUBLIC AWARENESS OF MISSISSIPPI-SPECIFIC BARRIERS AND OPPORTUNITIES WITHIN HIGHER EDUCATION MISSISSIPPI STATE UNIVERSITY FOUNDATION INC PO BOX 6149 MISSISSIPPI STATE MS 39762 640410581 501(C)3 29165 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 145887 0 SUPPORT OF STUDENT SUCCESS JACKSON STATE UNIVERSITY 1400 JOHN R LYNCH STREET JACKSON MS 39217 646000507 501(C)3 94545 0 TO IMPROVE/INCREASE RETENTION, PERSISTENCE AND COMPLETION OF MISSISSIPPI STUDENTS. SOUTHERN INITIATIVE OF THE ALGEBRA PROJECT INC PO BOX 5011 SUMMERVILLE SC 29485 450472837 501(C)3 45833 0 TO USE EVIDENCE-BASED PRACTICES TO INCREASE EDUCATOR CAPACITY TO DELIVER RIGOROUS MATH CURRICULUM IN JACKSON PUBLIC SCHOOLS, CREATING STRONGER STEM PATHWAYS TO LOCAL HIGHER EDUCATION PARTNERS. MISSISSIPPI COUNCIL ON ECONOMIC EDUCATION 1701 N STATE ST JACKSON MS 39210 820563444 501(C)3 20834 0 TO PROVIDE PARTICIPANT INCENTIVES TO EDUCATION PROFESSIONALS COMPLETING THE MASTER TEACHER OF COLLEGE AND CAREER READINESS TRAINING ITAWAMBA CC FOUNDATION 602 W HILL STREET FULTON MS 38843 640579426 501(C)3 60003 0 TO INCREASE RETENTION AND PERSISTENCE EORTS FOR AFRICAN AMERICAN MALES AT BELDEN, TUPELO AND FULTON CAMPUSES STRADA EDUCATION FOUNDATION INC DBA ROADTRIP NATION 10 WEST MARKET STREET SUITE 1100 INDIANAPOLIS IN 46204 473044430 501(C)3 20833 0 TO PRODUCE AND DISTRIBUTE HIGH-QUALITY AUDIOVISUAL DIGITAL ASSETS, HIGHLIGHTING AND INFORMING RURAL MISSISSIPPI 16 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 282701 0 0 0 0 0 17032 0 1681 0 301414 0 0 0 WILLIAM F ALVIS CFO/TREASURER 197670 0 0 0 0 0 12442 0 13128 0 223240 0 0 0 MINETTE D KETCHINGS DIRECTOR OF OPERATIONS/CON 156659 0 0 0 0 0 9621 0 9476 0 175756 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 2022 TO DETERMINE SALARIES FOR 2023-2025. 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 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 471967 FAIR MARKET VALUE MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION C 830000 FAIR MARKET VALUE