Massachusetts · Nonprofit
MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION
MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION (Massachusetts) receives grants from 1 organization whose IRS filings report $6,527,560 to it, the largest being MASSACHUSETTS EDUCATION & CAREER OPPORTUNITIES INC ($6,527,560). 1 of them have funded it in more than one year.
- Revenue FY2024
- $154M
- Funders on record
- 1
- Grants received
- $6.5M
- Net assets
- $987M
What Massachusetts Higher Education Assistance Corporation does
Mission
The organization's primary exempt purpose is to provide access to and conduct activities in furtherance of higher education.
As stated on its FY2024 Form 990.
Programs
On its FY2023 return the organization reported starting a significant new program.
The organization undetook a commitment to provide funding to its supporting organization.
Its own explanation, from Schedule O of that return (Part III, line 2).
Massachusetts Higher Education Assistance Corporation (mheac) relieves the burdens of government and assists students and parents in successfully completing a program of higher education by continuing to act as a guarantor of student loans made by lenders, in connection with the federal higher education act of 1965. In addition, mheac engages in a variety of activities in furtherance of higher education, including helping students explore alternative education pathways in pursuit of successful and fulfilling careers.
$27,359,833 spentof which $205,817 as grants$85,077,064 earned by the program33% of program spendingMiddle and high school activities: mheac engages in a variety of activities in furtherance of higher education. The mission is to help students know themselves, know their options, and make informed decisions to achieve their education and career goals. Asa is committed to helping students explore education and career options starting in middle school, experiment through hands-on opportunities, and execute a plan to meet their goals. Asa's innovative programs and partnerships, combined with a robust research agenda and advocacy platform, enable asa to provide meaningful impact to young people on a national scale.
$54,890,010 spentof which $9,044,524 as grants67% of program spending
The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $82,249,843.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $828M to $1.1B (+32%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1% · 2018 2% · 2019 2% · 2020 2% · 2021 3% · 2022 2% · 2023 0% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jean Eddy
President/CEO/director
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income fell $883k → $659k.
From the IRS filings of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6.4M on record.
- Department of Education$6.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Asa Fund I LLC · disregarded
- Nextgen Insights Group LLC · disregarded
- Network for Teaching Entrepreneurship · exempt
Screen this organization
A dated, signed PDF of the compliance screen for MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION?
- MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION (Massachusetts) receives grants from 1 organization whose IRS filings report $6,527,560 to it, the largest being MASSACHUSETTS EDUCATION & CAREER OPPORTUNITIES INC ($6,527,560). 1 of them have funded it in more than one year.
- How many funders does MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION have?
- IRS filings report 1 organization giving $6,527,560 in grants to MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION?
- MASSACHUSETTS EDUCATION & CAREER OPPORTUNITIES INC is the largest funder on record, with $6,527,560 in grants. The full list of funders is on this page.
- How can an organization like MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing