Public Charity

STUDENT ASSISTANCE FOUNDATION OF MONTANA

STUDENT ASSISTANCE FOUNDATION OF MONTANA is a Public Charity headquartered in HELENA, MT. Financial data from the 2025 filing: $8.7M revenue, $4.5M expenses, $33.0M total assets.

EIN: 810527529 HELENA, MT Financial Institutions NTEE: W60 Latest filing: 2025
Total Revenue$8.7M
Total Expenses$4.5M
Total Assets$33.0M
Grant Records0
Filing Years2021–2025

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.

Where $100 goes at Student Assistance Foundation of Montana

How Student Assistance Foundation of Montana divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$92 Programs the work itself
$8 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 $92 for programs

$48
Provide student loan servicing and management services to montana higher education student assistance corporation (mhesac)
52% of program spending
$35
Provide delivery and support for mhesac's reach higher montana initiative
38% of program spending
$9
Provide project management and financial services to twenty-four other 501(c)(3) and government organizations
10% of program spending
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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.

Officers & Directors

CONTROLLER Brenda Valdez
DIRECTOR-VICE CHAIR Brian Obert
DIRECTOR-SECRETARY/TREASURER Craig Roloff
SYSTEMS ARCHITECT David Angove
DIRECTOR OF CLIENT FINANCE Jeff Floerchinger
VICE PRESIDENT SAF, CFO MHESAC Jolene Selby

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $8.7M $4.5M $33.0M
2024 $4.9M $4.2M $31.0M
2023 $4.6M $3.8M $29.2M
2022 $5.2M $3.7M $27.5M
2021 $4.5M $3.6M $28.5M

Between 2021 and 2025, reported annual revenue grew from $4.5M to $8.7M (+93%), with total assets most recently reported at $33.0M.

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

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