Public Charity

MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION

MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION is a Public Charity headquartered in HELENA, MT. Financial data from the 2025 filing: $19.6M revenue, $22.0M expenses, $280.4M total assets. 6 publicly reported grants to this organization, totaling roughly $511K, appear in IRS filings.

EIN: 810393527 HELENA, MT Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$19.6M
Total Expenses$22.0M
Total Assets$280.4M
Grant Records6
Funding Total$511K
Filing Years2020–2025

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.

Where $100 goes at Montana Higher Education Student Assistance Corporation

How Montana Higher Education Student Assistance Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$99 Programs the work itself
$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $99 for programs

$88
Acquisition and servicing of guaranteed student loans as a secondary student loan market for the federal family education loan program (ffelp)
89% of program spending
$5
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…
5% of program spending
$4
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
4% of program spending · Reported in the filing: 39,000 students

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
ASPEN FORUM FOR COMMUNITY SOLUTIONS
$25,000
2024
TO SUPPORT DOL APPRENTICESHIP BUILDING AMERICA (ABA)
$10,000
2023
SUPPORT GRANTEE'S PARTICIPATION IN THE PARTNERSHIP TO ADVANCE YOUTH APPRENTICESHIP (PAYA) INITIATIVE
$150,000
2023
BELONGING, MEANING, WELLBEING, AND PURPOSE (BMWP) AWARD
$25,000
2022
SEE PART IV
$56,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

DIRECTOR Brianne Rogers
OFFICER - VICE PRESIDENT Crystine Miller
DIR & OFF-SEC/TREAS George S Olsen
CFO MHESAC, VP SAF Jolene Selby
DIRECTOR Joyce Dombrouski
EXEC DIR MHESAC, VP SAF Kelly Cresswell

Officer compensation and complete director data available with membership.

Top Grant Purposes

Youth Development
$394,657 2 grants
General Support
$60,000 3 grants
Unspecified
$56,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $19.6M $22.0M $280.4M
2024 $24.5M $27.5M $320.6M
2023 $24.0M $26.0M $381.2M
2021 $16.5M $16.7M $535.8M
2020 $24.2M $25.8M $593.3M

Between 2020 and 2025, reported annual revenue declined from $24.2M to $19.6M (-19%), with total assets most recently reported at $280.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION

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