Montana Higher Education Student

HELENA, MT EIN: 81-0393527 Website

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.

Financial Overview

From 2025 IRS Form 990-PF

Total Assets

$280.4M

-12.6% YoY

Annual Giving

$63K

-19.9% YoY

Grant Count

1

-66.7% YoY

Avg Grant Size

$63K

+140.3% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$8M$15M$23M$30M20212022202320242025
Metric202520242023
Total Assets$280,386,190$320,626,994$381,209,209
Revenue$19,567,092$24,508,201$23,987,922
Expenses$22,003,288$27,540,007$26,030,923
Qualifying Distributions
Net Investment Income$1,079,674$1,043,464$741,609
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$51K$76K$101K8 grants20216 grants20224 grants20233 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

GOVERNOR'S OFFICE OF COM…$63K

Grant Size Distribution

22 grants across all recorded years

17<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

KIMBERLY CUNNINGHAMDIR MHESAC, DIR-BOARD CHAIR …$2KTERRY COSGROVEDIR MHESAC, SEC/TREAS SAF$2KMICHAEL GREENDIR-CHAIR & OFF-PRES$2KGEORGE S OLSENDIR & OFF-SEC/TREAS$2KSHANNON STOBERDIRECTOR - VICE CHAIR$2KBRIANNE ROGERSDIRECTOR$2KJOYCE DOMBROUSKIDIRECTOR$2KWENDY WIGERTDIRECTOR$2K

From 2025 filing

NameTitleHoursCompensation
KIMBERLY CUNNINGHAMDIR MHESAC, DIR-BOARD CHAIR SAF1$1,800
TERRY COSGROVEDIR MHESAC, SEC/TREAS SAF1$1,800
MICHAEL GREENDIR-CHAIR & OFF-PRES3$1,800
GEORGE S OLSENDIR & OFF-SEC/TREAS3$1,800
SHANNON STOBERDIRECTOR - VICE CHAIR1$1,800
BRIANNE ROGERSDIRECTOR1$1,800
JOYCE DOMBROUSKIDIRECTOR1$1,800
WENDY WIGERTDIRECTOR1$1,800
SCOTT TODOROVICHCEO MHESAC, PRES/CEO SAF1
JOLENE SELBYCFO MHESAC, VP SAF18
KELLY CRESSWELLEXEC DIR MHESAC, VP SAF41
CRYSTINE MILLEROFFICER - VICE PRESIDENT1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

AlbertonBillingsBozemanButteDeer LodgeGreat FallsHelenaMissoula

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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