NonprofitsMontana Higher Education Student Assistance Corporation

Education

Montana Higher Education Student Assistance Corporation

HELENA, MT

Total revenue

$19.6M

Total expenses

$22.0M

Net assets

$76.1M

Grants received

$715K

6 grants

EIN

810393527

Tax year

2024

Mission

Dedicated to helping montana citizens finance and strategically pursue educational opportunities.

Programs

3 programs

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: $1.1MGrants: $63K

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: $789K

In fiscal year 2025, rhm delivered scholarships and grants to over 600 montana students.

Expenses: $352KGrants: $360K

Financials

FY 2024

Revenue

Contributions & grants$696K
Program service revenue$17.8M
Investment income$1.1M
Other revenue
Total revenue$19.6M

Expenses

Grants paid$422K
Salaries & benefits$14K
Fundraising
Other expenses$21.6M
Total expenses$22.0M
Total assets$280.4M
Net assets$76.1M

People

12 listed

NameRoleCompensation

KIMBERLY CUNNINGHAM

DIR MHESAC, DIR-BOARD CHAIR SAF

Board

$2K

1 hrs/wk

TERRY COSGROVE

DIR MHESAC, SEC/TREAS SAF

Board

$2K

1 hrs/wk

MICHAEL GREEN

DIR-CHAIR & OFF-PRES

Board

$2K

3 hrs/wk

GEORGE S OLSEN

DIR & OFF-SEC/TREAS

Board

$2K

3 hrs/wk

SHANNON STOBER

DIRECTOR - VICE CHAIR

Board

$2K

1 hrs/wk

BRIANNE ROGERS

DIRECTOR

Board

$2K

1 hrs/wk

JOYCE DOMBROUSKI

DIRECTOR

Board

$2K

1 hrs/wk

WENDY WIGERT

DIRECTOR

Board

$2K

1 hrs/wk

SCOTT TODOROVICH

CEO MHESAC, PRES/CEO SAF

Board

1 hrs/wk

JOLENE SELBY

CFO MHESAC, VP SAF

Board

18 hrs/wk

KELLY CRESSWELL

EXEC DIR MHESAC, VP SAF

Board

41 hrs/wk

CRYSTINE MILLER

OFFICER - VICE PRESIDENT

Board

1 hrs/wk

Independent contractors

STUDENT ASSISTANCE FOUNDATION

MGMT & LOAN SERVICES, PROGRAMS DELIVERY

$3.6M

Grants received

Showing 6 of 6

FromAmountPurposeYear
$214K
MONTANA WORK BASED LEARNING COLLABORATIVE
2024
$25K
ASPEN FORUM FOR COMMUNITY SOLUTIONS
2024
$150K
SUPPORT GRANTEE'S PARTICIPATION IN THE PARTNERSHIP TO ADVANCE YOUTH APPRENTICESHIP (PAYA) INITIATIVE
2023
$25K
BELONGING, MEANING, WELLBEING, AND PURPOSE (BMWP) AWARD
2023
$56K
SEE PART IV
2022
$245K
SUPPORT GRANTEE'S ROLE AS A PARTNERSHIP TO ADVANCE YOUTH APPRENTICESHIP NATIONAL PARTNER
2020

Funded by

$715K from 4 funders · 6 grants · 2020–2024

New America Foundation

$395K · 2 grants · 2020–2023

The Arthur M Blank Family Foundation

$214K · 1 grant · 2024

EdChoice Inc

$56K · 1 grant · 2022

The Aspen Institute Inc

$50K · 2 grants · 2023–2024

Details

EIN810393527
NTEE codeB82
Subsection03
Ruling date1983-03
Formed1980
Employees0
Volunteers65
MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION — Mission, Financials & Grants Received | Grantivo