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MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION

EIN 81-0393527 HELENA, MT

Revenue 2024
$19,567,092
Expenses 2024
$22,003,288

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B82
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

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.

Activities or mission (Part I)

DEDICATED TO HELPING MONTANA CITIZENS FINANCE AND STRATEGICALLY PURSUE EDUCATIONAL OPPORTUNITIES.

  • ACQUISITION AND SERVICING OF GUARANTEED STUDENT LOANS AS A SECONDARY STUDENT LOAN MARKET FOR THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BENEFITS PROVIDED TO BORROWERS THROUGH REBATE, INCENTIVE, AND RATE REDUCTION PROGRAMS TOTALED $221 THOUSAND FOR 3,491 BORROWERS IN FISCAL YEAR 2025. $55 MILLION IN BENEFITS HAVE BEEN PROVIDED TO BORROWERS SINCE INCEPTION OF BORROWER BENEFIT PROGRAMS IN 1996. SINCE INCEPTION, MHESAC HAS PROVIDED MORE THAN $3.7 BILLION IN STUDENT LOANS TO OVER 241,000 BORROWERS.

    Expenses $19,333,379 · Revenue $17,791,808

  • RHM SERVES AS THE BACKBONE SUPPORT ORGANIZATION FOR THE MONTANA WORK-BASED LEARNING COLLABORATIVE, CONVENING OVER 30 STATEWIDE PARTNERS TO IMPROVE DATA COLLECTION AND PROGRAM DELIVERY FOR CAREER-CONNECTED LEARNING IN MONTANA.

    Expenses $1,144,664 · Grants $62,500

  • RHM OUTREACH STAFF SERVED OVER 39,000 MONTANA STUDENTS THROUGH COLLEGE AND CAREER OUTREACH, SCHOLARSHIP WORKSHOPS, SERVICES FOR YOUTH IN FOSTER CARE, DUAL ENROLLMENT AND CAREER FAIRS.

    Expenses $789,228

  • IN FISCAL YEAR 2025, RHM DELIVERED SCHOLARSHIPS AND GRANTS TO OVER 600 MONTANA STUDENTS.

    Expenses $352,115 · Grants $359,712

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

    DIR MHESAC, DIR-BOARD CHAIR SAF

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

  • TERRY COSGROVE

    DIR MHESAC, SEC/TREAS SAF

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

  • MICHAEL GREEN

    DIR-CHAIR & OFF-PRES

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

  • GEORGE S OLSEN

    DIR & OFF-SEC/TREAS

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

  • SHANNON STOBER

    DIRECTOR - VICE CHAIR

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

  • BRIANNE ROGERS

    DIRECTOR

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

  • JOYCE DOMBROUSKI

    DIRECTOR

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

  • WENDY WIGERT

    DIRECTOR

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

  • SCOTT TODOROVICH

    CEO MHESAC, PRES/CEO SAF

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

    Schedule J breakdown matched by us

    Base
    $0 + $202,623 related
    Bonus
    $0 + $26,544 related
    Other
    $0 + $1,539 related
    Deferred
    $0 + $14,143 related
    Nontaxable benefits
    $0 + $15,649 related
    Filer's total
    $0 + $260,498 related

  • JOLENE SELBY

    CFO MHESAC, VP SAF

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

    Schedule J breakdown matched by us

    Base
    $0 + $186,609 related
    Bonus
    $0 + $19,319 related
    Other
    $0 + $10,341 related
    Deferred
    $0 + $13,673 related
    Nontaxable benefits
    $0 + $28,491 related
    Filer's total
    $0 + $258,433 related

  • KELLY CRESSWELL

    EXEC DIR MHESAC, VP SAF

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

    Schedule J breakdown matched by us

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

  • CRYSTINE MILLER

    OFFICER - VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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
    $19,567,092
    Expenses
    $22,003,288
    Contributions
    $695,610
    Grants paid
    $422,212
  • 2023
    Revenue
    $24,508,201
    Expenses
    $27,540,007
    Contributions
    $741,853
    Grants paid
    $521,781
  • 2022
    Revenue
    $23,987,922
    Expenses
    $26,030,923
    Contributions
    $689,370
    Grants paid
    $522,452

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

  • 2021 · 990

    Revenue
    $15,047,614
    Expenses
    $16,317,868
    Assets (EOY)
    $454,297,151

  • 2020 · 990

    Revenue
    $16,450,082
    Expenses
    $16,652,032
    Assets (EOY)
    $535,782,585

  • 2019 · 990

    Revenue
    $24,210,727
    Expenses
    $25,757,349
    Assets (EOY)
    $593,255,692

  • 2018 · 990

    Revenue
    $31,953,405
    Expenses
    $33,829,885
    Assets (EOY)
    $666,466,179

  • 2017 · 990

    Revenue
    $30,007,913
    Expenses
    $32,917,911
    Assets (EOY)
    $755,743,439

  • 2016 · 990

    Revenue
    $29,554,619
    Expenses
    $33,475,814
    Assets (EOY)
    $859,565,581

  • 2015 · 990

    Revenue
    $29,547,360
    Expenses
    $33,834,572
    Assets (EOY)
    $965,432,682

  • 2014 · 990

    Revenue
    $31,168,796
    Expenses
    $34,732,326
    Assets (EOY)
    $1,074,548,977

  • 2013 · 990

    Revenue
    $34,966,109
    Expenses
    $38,519,282
    Assets (EOY)
    $1,192,762,703

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $41,691,841
    Assets (EOY)
    $1,316,037,965

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

Where these grants went next →

Grants received

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

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 PC.

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 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.