Overview
What is Student Assistance Foundation Of Montana?
The Student Assistance Foundation of Montana is a nonprofit organization situated in Helena, Montana. Its primary mission is to provide essential services that support Montana's pursuit of post-secondary education. As a key partner, they offer management services to the Montana Higher Education Student Assistance Corporation (MHESAC), acting as the master servicer. The Foundation also delivers and supports MHESAC's Reach Higher Montana (RHM) public benefit activities, contributing to the advancement of higher education in the state. With a dedicated workforce of 30 employees, they strive to contribute positively to the education landscape of Montana.
Official website here: www.safmt.org
Is Student Assistance Foundation Of Montana legitimate?
Student Assistance Foundation Of Montana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Student Assistance Foundation Of Montana submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $590,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,754,580
For more financial information, click here
Official website here: www.safmt.org
What is the mission statement of Student Assistance Foundation Of Montana?
The Student Assistance Foundation of Montana (SAF) is committed to providing services that support Montana's pursuit of post-secondary education. As the management service provider and master servicer for Montana Higher Education Student Assistance Corporation (MHESAC), a related organization, SAF delivers and supports MHESAC's Reach Higher Montana (RHM) public benefit activities. Specifically, SAF offers student loan servicing and management services to MHESAC. By doing so, SAF contributes to making higher education more accessible for Montana residents.
Official website here: www.safmt.org
Who is the CEO of Student Assistance Foundation Of Montana?
Scott Todorovich is the Board Chair Saf, Director Mhesac of Student Assistance Foundation Of Montana. The CEO's salary of Student Assistance Foundation Of Montana is $254,312 and their total compensation is $292,762.
Official website here: www.safmt.org
What is the revenue of Student Assistance Foundation Of Montana?
Student Assistance Foundation Of Montana's revenue in 2023 was $4,555,585.
Official website here: www.safmt.org
Who are the executives of Student Assistance Foundation Of Montana and what are their salaries?
The average compensation at Student Assistance Foundation Of Montana during 2023 was $78,183. There are 30 employees at Student Assistance Foundation Of Montana.
Here are 9 key members and their salaries (Student Assistance Foundation Of Montana's CEO's salary is $254,312 and their total compensation is $292,762):
- Compensation: $1,800
- Related: $1,800
- Other: $0
- Compensation: $1,800
- Related: $1,800
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $254,312
- Related: $0
- Other: $38,450
- Compensation: $208,272
- Related: $0
- Other: $32,741
- Compensation: $167,840
- Related: $0
- Other: $18,589
- Compensation: $109,774
- Related: $0
- Other: $19,118
Official website here: www.safmt.org
Where can I find the form 990 for Student Assistance Foundation Of Montana?
Student Assistance Foundation Of Montana's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.safmt.org
Learn more at the official website: www.safmt.org
Mission Statement of Student Assistance Foundation Of Montana
The Student Assistance Foundation of Montana, a notable organization, is dedicated to offering support services that aid Montanans in their pursuit of post-secondary education. In this role, the foundation provides management services and acts as the master servicer for Montana Higher Education Student Assistance Corporation (MHESAC), a related entity. Beyond this, the Student Assistance Foundation of Montana is responsible for delivering and supporting MHESAC's Reach Higher Montana (RHM) public benefit activities. In essence, this nonprofit organization plays a significant part in facilitating student loan servicing and management services for MHESAC.
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Impact
October, 2024
The Student Assistance Foundation of Montana significantly impacts the state by facilitating access to post-secondary education for residents. It provides essential student loan servicing and management services, ensuring that students have the necessary financial support to pursue their educational goals. By operating as the master servicer for the Montana Higher Education Student Assistance Corporation (MHESAC), it plays a critical role in the efficient delivery of educational financing options.
Additionally, the foundation supports the Reach Higher Montana (RHM) initiative, which aims to enhance public awareness and access to educational resources. Through these programs, the foundation not only helps students navigate the complexities of financing their education but also contributes to the overall educational landscape in Montana, fostering a culture of lifelong learning and advancement. Its efforts empower Montanans to achieve their academic and professional aspirations, ultimately benefiting the community and the state's economy.
This information is meant to be a general summary of Student Assistance Foundation Of Montana. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $806,676
- Program Service Revenue: $3,584,064
- Gross Receipts: $10,853,348
Assets and Liabilities:
- Total Assets: $29,190,539
- Total Liabilities: $18,532,620
- Net Assets: $10,657,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT AND SERVICING FEE INCO
Revenue
$2,157,079
PROGRAM DELIVERY AND SUPPORT
Revenue
$1,352,619
FINANCIAL AND PROJECT SERVICES
Revenue
$74,318
Organization Details
Founding Year
1999
Phone
(406) 495-7800Principal Officer
Scott Todorovich
Main Address
PO BOX 5209, HELENA, MT, 596045209
Website
www.safmt.orgNTEE Category
Code: W600 - Public benefit
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