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Montana Higher Education Student Assistance Corporation

Public charityFed auditsIRS 990
DBA: % JOLENE D SELBY
Other · HELENA, MT · EIN 81-0393527

About

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.

In care of Jolene D Selby

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
80

Financial Snapshot

FY ending 2023-06-30
Revenue
$24.0M
Expenses
$26.0M
Assets
$381.2M
Liabilities
$300.0M

Financial history

$33.8M$16.9M$0
17181920212223
RevenueExpenses
Latest FY2023: $24.0M · Peak FY2019: $32.0M · Avg: $27.9M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$1K
Grants Given
—
MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION
Your actions

Address

PO BOX 5209
Helena, MT, 59604-520

Governance

Voting board members8
Independent members8
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %100.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.