Montana Higher Education Student
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.
Financial Overview
From 2025 IRS Form 990-PF
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
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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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,079,674 | $1,043,464 | $741,609 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Montana Higher Education Student fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIMBERLY CUNNINGHAM | DIR MHESAC, DIR-BOARD CHAIR SAF | 1 | $1,800 |
| TERRY COSGROVE | DIR MHESAC, SEC/TREAS SAF | 1 | $1,800 |
| MICHAEL GREEN | DIR-CHAIR & OFF-PRES | 3 | $1,800 |
| GEORGE S OLSEN | DIR & OFF-SEC/TREAS | 3 | $1,800 |
| SHANNON STOBER | DIRECTOR - VICE CHAIR | 1 | $1,800 |
| BRIANNE ROGERS | DIRECTOR | 1 | $1,800 |
| JOYCE DOMBROUSKI | DIRECTOR | 1 | $1,800 |
| WENDY WIGERT | DIRECTOR | 1 | $1,800 |
| SCOTT TODOROVICH | CEO MHESAC, PRES/CEO SAF | 1 | — |
| JOLENE SELBY | CFO MHESAC, VP SAF | 18 | — |
| KELLY CRESSWELL | EXEC DIR MHESAC, VP SAF | 41 | — |
| CRYSTINE MILLER | OFFICER - VICE PRESIDENT | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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