Nonprofit · EIN 81-0527529
STUDENT ASSISTANCE FOUNDATION OF MONTANA
Tax-exempt · HELENA, MT 59604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,684,821 | $4,478,614 | $4,206,207 | $33,016,998 | $20,582,836 | $12,434,162 |
| June 30, 2024 | 990 | $4,875,577 | $4,220,649 | $654,928 | $30,962,769 | $19,517,807 | $11,444,962 |
| June 30, 2023 | 990 (amended) | $4,372,015 | $3,804,000 | $568,015 | $29,190,539 | $18,532,620 | $10,657,919 |
| June 30, 2022 | 990 (amended) | $5,232,862 | $3,689,126 | $1,543,736 | $27,473,857 | $17,275,337 | $10,198,520 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,362,045
- Investment income
- $4,380,772
- Net rental income
- -$57,996
- Net gain from sales of assets
- $3,508,065
- Other revenue
- -$57,996
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $729,754
- Other salaries and wages
- $2,190,526
- Salaries, compensation and benefits (total)
- $3,672,872
- Professional fundraising fees
- $0
- Legal fees
- $8,140
- Accounting fees
- $64,079
- Occupancy
- $2,740
- Travel
- $18,914
- Depreciation
- $22,458
- Program services (functional)
- $4,189,621
- Management and general (functional)
- $288,993
Balance sheet and other
- Total assets, start of year
- $30,962,769
- Total assets, end of year
- $33,016,998
- Total liabilities, end of year
- $20,582,836
- Net assets, end of year
- $12,434,162
- Land, buildings and equipment
- $3,416,034
- Publicly traded securities
- $28,487,665
- Net assets without donor restrictions
- $12,434,162
- Gross unrelated business income
- $21,311
- Gross receipts
- $27,069,710
- Employees
- 33
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT TODOROVICH | PRESIDENT/CEO SAF, CEO MHESAC Officer | 40 | $230,706 | $0 | $29,792 |
| JOLENE SELBY | VICE PRESIDENT SAF, CFO MHESAC Officer | 25 | $216,269 | $0 | $42,164 |
| KELLY CRESSWELL | VP SAF, EXECUTIVE DIRECTOR Officer | 1 | $164,691 | $0 | $40,206 |
| MICHAEL ROMINE | IT INFRASTRUCTURE MANAGER Highest-paid employee | 36 | $108,474 | $0 | $31,158 |
| JEFF FLOERCHINGER | DIRECTOR OF CLIENT FINANCE Highest-paid employee | 26 | $116,378 | $0 | $21,999 |
| BRENDA VALDEZ | CONTROLLER Highest-paid employee | 35 | $115,350 | $0 | $20,703 |
| DAVID ANGOVE | SYSTEMS ARCHITECT Highest-paid employee | 40 | $105,378 | $0 | $18,703 |
| KIMBERLY CUNNINGHAM | BOARD CHAIR SAF, DIRECTOR Trustee or director | 3 | $1,800 | $1,800 | $0 |
| TERRY COSGROVE | DIRECTOR & SECRETARY/TREASURER SAF,DIRECTOR MHESAC Trustee or director, Officer | 1 | $1,800 | $1,800 | $0 |
| BRIAN OBERT | DIRECTOR-VICE CHAIR Trustee or director | 1 | $1,800 | $0 | $0 |
| CRAIG ROLOFF | DIRECTOR-SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,350 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT TODOROVICH | PRESIDENT/CEO SAF, CEO MHESAC Officer | 39 | $230,785 | $0 | $29,379 |
| JOLENE SELBY | VICE PRESIDENT SAF, CFO MHESAC Officer | 26 | $194,168 | $0 | $33,677 |
| KELLY CRESSWELL | VP SAF, EXECUTIVE DIRECTOR RHM Officer | 1 | $140,159 | $0 | $36,080 |
| MICHAEL ROMINE | IT INFRASTRUCTURE MANAGER Highest-paid employee | 36 | $102,128 | $0 | $29,410 |
| JEFF FLOERCHINGER | DIRECTOR OF CLIENT FINANCE Highest-paid employee | 24 | $108,866 | $0 | $20,371 |
| BRENDA OLSON | CONTROLLER Highest-paid employee | 36 | $100,321 | $0 | $18,221 |
| KIMBERLY CUNNINGHAM | BOARD CHAIR SAF, DIRECTOR MHESAC Trustee or director | 3 | $1,800 | $1,800 | $0 |
| TERRY COSGROVE | DIRECTOR SAF, DIRECTOR MHESAC Trustee or director | 1 | $1,800 | $1,800 | $0 |
| CRAIG ROLOFF | DIRECTOR-SECRETARY/TREASUR Trustee or director, Officer | 1 | $1,800 | $0 | $0 |
| BRIAN OBERT | DIRECTOR-VICE CHAIR Trustee or director | 1 | $1,800 | $0 | $0 |
| BRYN HAGFORS | DIRECTOR-VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT TODOROVICH | PRESIDENT/CEO SAF, CEO MHESAC Officer | 39 | $254,312 | $0 | $38,450 |
| JOLENE SELBY | VICE PRESIDENT SAF, CFO MHESAC Officer | 27 | $208,272 | $0 | $32,741 |
| KELLY CRESSWELL | VP SAF, EXECUTIVE DIRECTOR RHM Officer | 1 | $167,840 | $0 | $18,589 |
| JEFF FLOERCHINGER | DIRECTOR OF ANALYTICS, BOND FINANCE Highest-paid employee | 21 | $109,774 | $0 | $19,118 |
| KIMBERLY CUNNINGHAM | BOARD CHAIR SAF, DIRECTOR MHESAC Trustee or director | 3 | $1,800 | $1,800 | $0 |
| TERRY COSGROVE | DIRECTOR SAF, DIRECTOR MHESAC Trustee or director | 1 | $1,800 | $1,800 | $0 |
| CRAIG ROLOFF | DIRECTOR-SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,800 | $0 | $0 |
| BRIAN OBERT | DIRECTOR Trustee or director | 1 | $1,800 | $0 | $0 |
| BRYN HAGFORS | DIRECTOR-VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2022: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT TODOROVICH | PRESIDENT/CEO SAF, CEO MHESAC Officer | 40 | $179,680 | $0 | $28,908 |
| JOLENE SELBY | VICE PRESIDENT SAF, CFO MHESAC Officer | 24 | $161,756 | $0 | $35,941 |
| KELLY CRESSWELL | VP SAF, EXECUTIVE DIRECTOR RHM Officer | 1 | $141,531 | $0 | $9,303 |
| JEFF FLOERCHINGER | DIRECTOR OF ANALYTICS, BOND FINANCE Highest-paid employee | 18 | $107,498 | $0 | $18,514 |
| KIM CUNNINGHAM | BOARD CHAIR SAF, DIRECTOR MHESAC Trustee or director | 3 | $1,800 | $1,800 | $0 |
| TERRY COSGROVE | DIRECTOR SAF, DIRECTOR MHESAC Trustee or director | 1 | $1,800 | $1,800 | $0 |
| CRAIG ROLOFF | DIRECTOR-SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,800 | $0 | $0 |
| BRIAN OBERT | DIRECTOR Trustee or director | 1 | $1,800 | $0 | $0 |
| BRYN HAGFORS | DIRECTOR-VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5209, HELENA, MT 59604-5209
- Principal officer (990 for 2024)
- SCOTT TODOROVICH, PO BOX 5209, HELENA, MT 59604
- Signed the 990
- SCOTT TODOROVICH, CEO
- Phone
- (406) 495-7800
- Website
- WWW.SAFMT.ORG
- Return prepared by
- PINION LLC
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.
Program accomplishments
- PROVIDE STUDENT LOAN SERVICING AND MANAGEMENT SERVICES TO MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION (MHESAC).Expenses $2,138,400 · revenue $2,470,318
- PROVIDE DELIVERY AND SUPPORT FOR MHESAC'S REACH HIGHER MONTANA INITIATIVE.Expenses $1,555,558 · revenue $1,640,810
- PROVIDE PROJECT MANAGEMENT AND FINANCIAL SERVICES TO TWENTY-FOUR OTHER 501(C)(3) AND GOVERNMENT ORGANIZATIONS.Expenses $402,444 · revenue $255,685
- OTHER PROGRAMSExpenses $93,219
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0527529
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W600)
- Assets (IRS master file)
- $33,016,998
- Income (IRS master file)
- $27,069,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,684,821 | $4,478,614 | $33,016,998 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $4,875,577 | $4,220,649 | $30,962,769 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,372,015 | $3,804,000 | $29,190,539 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $5,232,862 | $3,689,126 | $27,473,857 | XML |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0527529).
Questions about STUDENT ASSISTANCE FOUNDATION OF MONTANA
- What is the EIN of STUDENT ASSISTANCE FOUNDATION OF MONTANA?
- The employer identification number (EIN) of STUDENT ASSISTANCE FOUNDATION OF MONTANA is 81-0527529.
- Is STUDENT ASSISTANCE FOUNDATION OF MONTANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to STUDENT ASSISTANCE FOUNDATION OF MONTANA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does STUDENT ASSISTANCE FOUNDATION OF MONTANA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STUDENT ASSISTANCE FOUNDATION OF MONTANA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STUDENT ASSISTANCE FOUNDATION OF MONTANA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STUDENT ASSISTANCE FOUNDATION OF MONTANA?
- The 990 for the year ended June 30, 2025 names SCOTT TODOROVICH.
- Who are the officers and directors of STUDENT ASSISTANCE FOUNDATION OF MONTANA?
- The 990 for the year ended June 30, 2025 lists 11 people; 11 received compensation from the organization, the highest $230,706 (SCOTT TODOROVICH, PRESIDENT/CEO SAF, CEO MHESAC).
- How much revenue does STUDENT ASSISTANCE FOUNDATION OF MONTANA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,684,821, expenses of $4,478,614 and total assets of $33,016,998 at year end.
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All nonprofits in HELENA · Montana · Public and societal benefit