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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Montana Higher Education Student Assistance Corporation

Montana Higher Education Student Assistance Corporation

Fiscal year ending 2019. Filed on October 25, 2019.

PO Box 5209
Helena, Montana 59604

Montana Higher Education Student Assistance Corporation (EIN: 81-0393527) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2019 IRS Form 990 filing, Montana Higher Education Student Assistance Corporation, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $229,397. The highest compensated employee at Montana Higher Education Student Assistance Corporation is James Stipcich with fiscal year 2019 compensation of $397,209.

Revenue, expenses, and employee compensation

Revenue

$31,953,405

Expenses

$33,829,885

Employee compensation

$12,450
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Stipcich
CEO THRU 3/23/18
$397,209
$0 $374,271 $22,938
Jolene Selby
Chief Financial Officer
$187,906
$0 $153,471 $34,435
Scott Todorovich
Chief Executive Officer
$186,880
$0 $167,676 $19,204
Kelly Cresswell
RHM Executive Director
$145,594
$0 $136,611 $8,983
Ron Muffick
Vice President
$0

Benchmark Employee Compensation

Non-Employee Board Members

Kim Cunningham
Director
$3,600
$1,800 $1,800 No other comp
Terry Cosgrove
Director
$3,600
$1,800 $1,800 No other comp
William Thomas
Vice Chair
$1,800
$1,800 No related compNo other comp
Shannon Stober
Director
$1,800
$1,800 No related compNo other comp
George Olsen
Treasurer and Secretary and Director
$1,800
$1,800 No related compNo other comp
Michael Green
Board Chair and President
$1,800
$1,800 No related compNo other comp
Casey Lozar
Director
$1,800
$1,800 No related compNo other comp
Clayton Christian
Director ex officio
No compensation reported
Brianne Rogers
Director
No compensation reported
Wendy Wigert
Director
No compensation reported

Contractors

Student Assistance Foundation
Management and Loan Programs Delivery
$5,939,108

Mission Statement

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.

Revisions to this organization profile

November 13, 2025:
2025 Montana Higher Education Student Assistance Corporation 990 filed
November 4, 2024:
2024 Montana Higher Education Student Assistance Corporation 990 filed
November 6, 2023:
2023 Montana Higher Education Student Assistance Corporation 990 filed

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