Montana Higher Education Student Assistance Corporation logo

Montana Higher Education Student Assistance Corporation

Public charity · Grantmaker Helena, MT EIN: 81-0393527 Website

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

Your AI grants department

Ready to take the next step with Montana Higher Education Student Assistance Corporation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

HelenaBozemanMissoulaButteGreat FallsAlbertonBillingsDeer Lodge

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K8 grants2021 6 grants2022 4 grants2023 3 grants2024 1 grant2025

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

Governor's Office of Community Service: $63KGovernor's Office of CommunityService$63K

The largest 2025 recipient was Governor's Office of Community Service ($63K).

Grant Size Distribution

22 grants across all recorded years

17<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 22 (77%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Governor's Office of Community Service Helena, MTYouth Service Montana Scholarships$62,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$10M$20M$30M$40M2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 4, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 6, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2024)
  5. Updated Form 990 for fiscal year 2025 (received by the IRS November 12, 2025)
  6. 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

Kimberly Cunningham — DIR Mhesac, DIR-Board Chair SAF: $2KKimberly CunninghamDIR Mhesac, DIR-Board Chair SAF$2KTerry Cosgrove — DIR Mhesac, Sec/Treas SAF: $2KTerry CosgroveDIR Mhesac, Sec/Treas SAF$2KMichael Green — DIR-Chair & Off-Pres: $2KMichael GreenDIR-Chair & Off-Pres$2KGeorge S Olsen — DIR & Off-Sec/Treas: $2KGeorge S OlsenDIR & Off-Sec/Treas$2KShannon Stober — Director - Vice Chair: $2KShannon StoberDirector - Vice Chair$2KBrianne Rogers — Director: $2KBrianne RogersDirector$2KJoyce Dombrouski — Director: $2KJoyce DombrouskiDirector$2KWendy Wigert — Director: $2KWendy WigertDirector$2K

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.

Your AI grants department

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

Public Safety, Disaster Preparedness & Relief

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

Education

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.

Philanthropy, Voluntarism & Grantmaking

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.

Philanthropy, Voluntarism & Grantmaking

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.

Philanthropy, Voluntarism & Grantmaking

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.

Philanthropy, Voluntarism & Grantmaking

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.

Human Services

Assets

$20.5M

Grants

40

Total Given

$442K

More Funders in Montana

Montana Higher Education Student Assistance Corporation down — hundreds of funders to go?

Want AI to do this for you?