Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “The corporation mission is to increase the level of appropriate quality education in the state of mississippi and elsewhere. prior to 2014, the corporation operated exclusively for the purpose of acquiring student loans incurred under the higher education act of 1965. 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, and mentoring students in mississippi through its three college planning centers.”.

When referring to its tasks, they were described as: “Secondary market for student loans, approximately 13,772 clients were served in 2018.”.

• The non-profit is operating legally in the state of MS.
• The non-profit's address for the year 2020 is listed as PO BOX 5008, JACKSON, MS, 392965008 in the filing.
• The form submitted by the non-profit organization for 2020 reports 0 employees.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $1,112,706.
• The organization has 9 independent voting members.
• The organization was formed in 1980.
• The organization pays $0 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.