Montana Higher Education Student Assistance Corporation
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.
Montana Higher Education Student Assistance Corporation at a glance
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.
- Annual giving (2025)
- $62,500
- -19.9% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $62,500
- +140.3% vs 2024
- Median grant
- $62,500
- Total assets
- $280,386,190
- -12.6% vs 2024
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Montana Higher Education Student Assistance Corporation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Governor's Office of Community Service Helena, MT | Youth Service Montana Scholarships | $62,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $280,386,190 | $19,567,092 | $22,003,288 | $62,500 | 1 | $1,079,674 |
| 2024 | $320,626,994 | $24,508,201 | $27,540,007 | $78,025 | 3 | $1,043,464 |
| 2023 | $381,209,209 | $23,987,922 | $26,030,923 | $95,000 | 4 | $741,609 |
| 2022 | $454,297,151 | $15,047,614 | $16,317,868 | $92,181 | 6 | $196,215 |
| 2021 | $535,782,585 | $16,450,082 | $16,652,032 | $101,000 | 8 | $169,186 |
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
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.
Data update history
(6)
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
Live grants for the work Montana Higher Education Student Assistance Corporation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Montana Higher Education Student Assistance Corporation's focus areas in our free grants database
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