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STUDENT ASSISTANCE FOUNDATION OF MONTANA

EIN 81-0527529 HELENA, MT

Revenue 2024
$8,684,821
Expenses 2024
$4,478,614

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
W600
Classification
1000
Street
PO BOX 5209

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

SAF PROVIDES MANAGEMENT SERVICES AND IS MASTER SERVICER FOR MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION (MHESAC), A RELATED ORGANIZATION. SAF ALSO PROVIDES DELIVERY AND SUPPORT OF MHESAC'S REACH HIGHER MONTANA (RHM) PUBLIC BENEFIT ACTIVITIES.

Activities or mission (Part I)

TO PROVIDE SERVICES THAT SUPPORT MONTANAN'S PURSUIT OF POST SECONDARY EDUCATION.

  • PROVIDE STUDENT LOAN SERVICING AND MANAGEMENT SERVICES TO MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION (MHESAC).

    Expenses $2,138,400 · Revenue $2,470,318

  • PROVIDE DELIVERY AND SUPPORT FOR MHESAC'S REACH HIGHER MONTANA INITIATIVE.

    Expenses $1,555,558 · Revenue $1,640,810

  • PROVIDE PROJECT MANAGEMENT AND FINANCIAL SERVICES TO TWENTY-FOUR OTHER 501(C)(3) AND GOVERNMENT ORGANIZATIONS.

    Expenses $402,444 · Revenue $255,685

  • OTHER PROGRAMS

    Expenses $93,219

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • KIMBERLY CUNNINGHAM

    BOARD CHAIR SAF, DIRECTOR

    Total calculated
    $3,600
    From this org
    $1,800
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    3 + 1 related

  • TERRY COSGROVE

    DIRECTOR & SECRETARY/TREASURER SAF,DIRECTOR MHESAC

    Total calculated
    $3,600
    From this org
    $1,800
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 1 related

  • CRAIG ROLOFF

    DIRECTOR-SECRETARY/TREASURER

    Total calculated
    $1,350
    From this org
    $1,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRIAN OBERT

    DIRECTOR-VICE CHAIR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SCOTT TODOROVICH

    PRESIDENT/CEO SAF, CEO MHESAC

    Total calculated
    $260,498
    From this org
    $230,706
    From related orgs
    $0
    Other
    $29,792
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $202,623
    Bonus
    $26,544
    Other
    $1,539
    Deferred
    $14,143
    Nontaxable benefits
    $15,649
    Filer's total
    $260,498

  • JOLENE SELBY

    VICE PRESIDENT SAF, CFO MHESAC

    Total calculated
    $258,433
    From this org
    $216,269
    From related orgs
    $0
    Other
    $42,164
    Hours/week
    25 + 18 related

    Schedule J breakdown matched by us

    Base
    $186,609
    Bonus
    $19,319
    Other
    $10,341
    Deferred
    $13,673
    Nontaxable benefits
    $28,491
    Filer's total
    $258,433

  • KELLY CRESSWELL

    VP SAF, EXECUTIVE DIRECTOR

    Total calculated
    $204,897
    From this org
    $164,691
    From related orgs
    $0
    Other
    $40,206
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $144,691
    Bonus
    $20,000
    Other
    $0
    Deferred
    $10,489
    Nontaxable benefits
    $29,717
    Filer's total
    $204,897

  • JEFF FLOERCHINGER

    DIRECTOR OF CLIENT FINANCE

    Total calculated
    $138,377
    From this org
    $116,378
    From related orgs
    $0
    Other
    $21,999
    Hours/week
    26 + 15 related

  • BRENDA VALDEZ

    CONTROLLER

    Total calculated
    $136,053
    From this org
    $115,350
    From related orgs
    $0
    Other
    $20,703
    Hours/week
    35 + 7 related

  • MICHAEL ROMINE

    IT INFRASTRUCTURE MANAGER

    Total calculated
    $139,632
    From this org
    $108,474
    From related orgs
    $0
    Other
    $31,158
    Hours/week
    36 + 4 related

  • DAVID ANGOVE

    SYSTEMS ARCHITECT

    Total calculated
    $124,081
    From this org
    $105,378
    From related orgs
    $0
    Other
    $18,703
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $8,684,821
    Expenses
    $4,478,614
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $4,875,577
    Expenses
    $4,220,649
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $4,555,585
    Expenses
    $3,804,000
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $4,372,015
    Expenses
    $3,804,000
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $5,232,862
    Expenses
    $3,689,126
    Assets (EOY)
    $27,473,857

  • 2021 · 990

    Revenue
    $5,408,752
    Expenses
    $3,689,126
    Assets (EOY)
    $27,473,857

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $4,499,740
    Expenses
    $3,635,117
    Assets (EOY)
    $28,501,585

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.