Mhesac offers borrower benefits in the form of principal and interest rate reductions to existing student loan borrowers. Its reach higher Montana (RHM) programs core areas of focus are dual enrollment support, student services, network support and outreach.
Key facts about Montana Higher Education Student Assistance Corporation
In short: Montana Higher Education Student Assistance Corporation gave $63K across 1 grant in 2025 (avg $63K), mostly in Montana. Source: 2025 IRS Form 990.
- EIN
- 81-0393527
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $62,500
- Grants made (2025)
- 1
- Average grant
- $62,500
- Median grant
- $62,500
- Total assets
- $280,386,190
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$280.4M
-12.6% YoY
Annual Giving
$63K
-19.9% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$63K
+140.3% YoY
How Montana Higher Education Student Assistance Corporation gives
- Giving fell 32% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Montana Higher Education Student Assistance Corporation
Based on IRS filings
Montana Higher Education Student Assistance Corporation is a public charity focused on Education, based in Helena, MT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $280.4M in total assets. In 2025, it awarded 1 grant totaling $63K. Net investment income was $1.1M.
Focus Areas
Ready to take the next step with Montana Higher Education Student Assistance Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $63K (2025) to $101K (2021). In 2025 it made 1 grant totaling $63K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Governor's Office of Community Service ($63K).
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 17 grants of 22 (77%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Governor's Office of Community Service Helena, MT | Youth Service Montana Scholarships | $62,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $280,386,190 | $320,626,994 | $381,209,209 |
| Revenue | $19,567,092 | $24,508,201 | $23,987,922 |
| Expenses | $22,003,288 | $27,540,007 | $26,030,923 |
| Net Investment Income | $1,079,674 | $1,043,464 | $741,609 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 4, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 6, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Montana Higher Education Student Assistance Corporation is led by Scott Todorovich, CEO Mhesac, President & CEO Saf on every filing since 2021; 8 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Scott Todorovich
CEO Mhesac, President & CEO Saf
On filings since 2021
1 hr/week
No compensation reported
Kelly Cresswell
Executive Director Mhesac & Vice President Saf
On filings since 2021
41 hrs/week
No compensation reported
Michael Green
Dir-Chair & Off-Pres
Director-Chair & Officer-President → Dir-Chair & Off-Pres, 2023
On filings since 2021
3 hrs/week
$2K (2021) → $2K (2025)
Kimberly Cunningham
Director Mhesac & Dir-Board Chair Saf
Director Mhesac & Director-Chair Saf → Director Mhesac & Director - Board Chair Saf, 2023
Director Mhesac & Director - Board Chair Saf → Director Mhesac & Dir-Board Chair Saf, 2024
On filings since 2022
1 hr/week
$2K (2022) → $2K (2025)
Brianne Rogers
Director
On filings since 2021
1 hr/week
$2K (2021) → $2K (2025)
George S. Olsen
Director, Off-Sec & Treasurer
Director, Officer-Secretary & Treasurer → Director, Off-Sec & Treasurer, 2023
On filings since 2021
3 hrs/week
$2K (2021) → $2K (2025)
Terry Cosgrove
Director Mhesac, Secretary & Treasurer Saf
Director Mhesac & Director Saf → Director Mhesac, Secretary & Treasurer Saf, 2025
On filings since 2021
1 hr/week
$2K (2021) → $2K (2025)
Wendy Wigert
Director
On filings since 2021
1 hr/week
$2K (2021) → $2K (2025)
Joyce Dombrouski
Director
Director - Started → Director, 2024
On filings since 2023
1 hr/week
$900 (2023) → $2K (2025)
Shannon Stober
Director - Vice Chair
Director-Vice Chair → Director - Vice Chair, 2023
On filings since 2021
1 hr/week
$2K (2021) → $2K (2025)
Jolene Selby
CFO Mhesac & Vice President Saf
On filings since 2021
18 hrs/week
No compensation reported
Crystine Miller
Officer - Vice President
Officer - Vice President Started → Officer - Vice President, 2024
On filings since 2023
1 hr/week
No compensation reported
Former officers (3)
- Former: Ron Muffick (2021–2023) — Officer -Vp Done
- Former: Clayton Christian (2021) — Executive Officio Director
- Former: Kim Cunningham (2021) — Director Mhesac & Director-Chair Saf
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Kimberly Cunningham (DIR Mhesac, DIR-Board Chair SAF). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Montana Higher Education Student Assistance Corporation
How much does Montana Higher Education Student Assistance Corporation give each year?
Montana Higher Education Student Assistance Corporation gave $63K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $78K across 3 grants.
How large is Montana Higher Education Student Assistance Corporation?
Montana Higher Education Student Assistance Corporation reported $280.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $19.6M.
What is Montana Higher Education Student Assistance Corporation?
Montana Higher Education Student Assistance Corporation is a public charity focused on Education, based in Helena, MT. It holds $280.4M in total assets as of 2025.
Where does Montana Higher Education Student Assistance Corporation operate?
Montana Higher Education Student Assistance Corporation has awarded grants in Montana.
What is Montana Higher Education Student Assistance Corporation's EIN?
Montana Higher Education Student Assistance Corporation's EIN (Employer Identification Number) is 81-0393527. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Montana Higher Education Student Assistance Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Montana Higher Education Student Assistance Corporation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Garfield County Fire Foundation
Jordan, MT
Assets
$12K
Grants
1
Total Given
$3K
Youth Entrepreneurs Inc
Wichita, KS
To (I) educate young people and adults with respect to entrepreneurship and business generally; and (II) encourage the practice of entrepreneurship by young people and adults. Empowered is collaborating with educators to transform education to better serve students- one classroom
Assets
$3.4M
Grants
0
Total Given
$5K
Alpha Gamma Rho Fraternity Alpha Delta Chapter
Bozeman, MT
Alpha gamma rho - alpha delta stands for the best social, mental, and moral development. The fraternity is to make better men, and through them a broader and better agriculture, by surrounding members with influences encouraging endeavor, resourcefulness, and effort.
Assets
$39K
Grants
0
Total Given
$12K
Montana Farm Bureau Foundation
Bozeman, MT
The mission of the Montana Farm Bureau Foundation (MFBFO) is to support Montana agriculture through education, research, and community support, with a special emphasis for the development of our youth.
Assets
$1.6M
Grants
1
Total Given
$8K
Peter Nelson Charitable Foundation
Rapid City, SD
Assets
$468K
Grants
4
Total Given
$24K
TC Energy Foundation
Houston, TX
TC Energy Foundation previously supported charitable organizations, with 2023 grants focused on areas including education, community development, safety, and the environment; grants went to organizations in Texas, Montana, and Alabama. It awarded 7 grants totaling about $1.29 million in 2023, including grants of $41,423 to $250,000, but it has since wound down and stopped grantmaking. It gave only to preselected organizations and did not accept unsolicited requests.
Assets
—
Grants
7
Total Given
$1.3M
The Wall Family-Power Townsend
Helena, MT
The foundation funds low-income housing and nonprofit programs serving the Helena community, with nearly all recent grants going to Montana organizations. Its 2025 grants ranged from $3,000 to $75,000, with a median of $25,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$8.0M
Grants
13
Total Given
$435K
Alice Lee Lund Charitable Trust
Great Falls, MT
The Alice Lee Lund Charitable Trust funds education, healthcare (especially cancer care and end-of-life care), poverty relief, public services, and animal welfare, with added emphasis on programs benefiting children. It focuses on organizations in or serving Montana, Tipp City, Ohio, and western North Dakota; 2024 grants ranged from $7,500 to $250,000, with a median of $22,500. Requests are submitted online, and the filing states they are not limited to preselected organizations.
Assets
$12.2M
Grants
14
Total Given
$822K
Pennmont Foundation
Bozeman, MT
The Pennmont Foundation supports a range of Montana community programs, including scholarships and education, crisis services, health, youth, and recreation. In 2024, its grants ranged from $2,000 to $57,300, with a median of $5,000. Its 2023 filing says applicants may submit a letter describing the request and its amount, along with an IRS exemption letter; it does not restrict giving to preselected organizations.
Assets
$2.3M
Grants
15
Total Given
$124K
Billings Community Foundation
Billings, MT
Billings Community Foundation supports nonprofits serving the Greater Yellowstone Region, with interests including education, capacity building, collaboration, endowments, and community impact. Its 2025 grants ranged from $5,200 to $78,387, with a median of $10,000. The foundation’s 2026 annual-grant cycle is suspended and set to return in 2027; it does not state whether it accepts unsolicited requests.
Assets
$11.4M
Grants
21
Total Given
$320K
Fair View Foundation
Billings, MT
The foundation supports preselected charities addressing community needs, including health care, hunger, homelessness, and legal issues, primarily in Montana. In 2025, its 21 grants totaled $16,300, ranging from $250 to $1,800 (median $750). It does not accept unsolicited requests.
Assets
$359K
Grants
21
Total Given
$16K
Columbia Basin Foundation
Ephrata, WA
Columbia Basin Foundation funds nonprofits serving community and educational needs, including youth programs, crisis support for women and children, environmental and community projects, and animal shelters, primarily in Grant, Adams, and western Lincoln Counties, Washington. Recent itemized grants ranged from $5,072 to $40,119, with a median of $9,364; its annual community grant applications are capped at $2,000. It accepts requests through an annual grant opportunity, but the 2026 cycle is closed and 2027 details are expected January 1.
Assets
$20.5M
Grants
40
Total Given
$442K
More Funders in Montana
Montana Higher Education Student Assistance Corporation down — hundreds of funders to go?