STUDENT ASSISTANCE FOUNDATION OF MONTANA: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- STUDENT ASSISTANCE FOUNDATION OF MONTANA (EIN 81-0527529)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-07
- IRS object ID
- 201223129349300642
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-07T16:39:23-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810385940 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDERSON ZURMUEHLEN & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1040 | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59624 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810527529 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STUDENT ASSISTANCE FOUNDATION OF MONTANA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STUD | NameControl |
| Phone | 4064957800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES STIPCICH | Name |
| Title | PRESIDENT | Title |
| Phone | 4064957800 | Phone |
| Date Signed | 2012-11-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUZANNE M SEVERIN | Name |
| PTIN | P00254608 | PTIN |
| Phone | 4064421040 | Phone |
| Date Prepared | 2012-10-30 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAMES STIPCICH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18166556 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SAFMT.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | MT | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE MONTANAN'S THE KNOWLEDGE AND TOOLS TO FINANCE AND PURSUE POST-SECONDARY EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 173 | TotalNbrEmployees |
| Total Nbr Volunteers | 291 | TotalNbrVolunteers |
| Total Gross UBI | 575733 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -160679 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 459093 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 401654 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20638624 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17652646 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 14536 | InvestmentIncomePriorYear |
| Investment Income Current Year | 93606 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -604 | OtherRevenuePriorYear |
| Other Revenue Current Year | -11650 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21111649 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18136256 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1518572 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1650498 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10678142 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9817499 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 56516 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9552888 | OtherExpensePriorYear |
| Other Expenses Current Year | 6930696 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21749602 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18398693 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -637953 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -262437 | RevenuesLessExpensesCY |
| Total Assets BOY | 211777797 | TotalAssetsBOY |
| Total Assets EOY | 13791458 | TotalAssetsEOY |
| Total Liabilities BOY | 208622936 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10899034 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3154861 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2892424 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SAF'S PUBLIC BENEFIT ACTIVITIES ARE DESIGNED TO HELP MORE MONTANA STUDENTS ACCESS AND SUCCEED IN HIGHER EDUCATION. SAF CARRIES OUT ITS MISSION THROUGH A COMBINATION OF OUTREACH, PROGRAMS, GRANTS AND SCHOLARSHIPS, AND ELECTRONIC SERVICES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11009334 | Expense |
| Revenue | 12660737 | Revenue |
| Description | PROVIDE STUDENT LOAN SERVICING AND MANAGEMENT SERVICES TO MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION (MHESAC). | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1667559 | Expense |
| Revenue | 2083623 | Revenue |
| Description | PROVIDE STUDENT LOAN SERVICING TO MSLF. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1250761 | Expense |
| Grants | 1250761 | Grants |
| Description | PROVIDE FUNDING TO HELP STUDENTS OVERCOME TEMPORARY FINANCIAL BARRIERS TO CONTINUING THEIR EDUCATION. ACCESS GRANTS ARE AWARDED TO STUDENTS THROUGH THE FINANCIAL AID OFFICES OF MONTANA COLLEGES AND UNIVERSITIES. THE CRITERIA ARE ESTABLISHED BY EACH FINANCIAL AID OFFICE TO BEST MEET THE NEEDS OF STUDENTS. | Description |
Activity Other ActivityOther (3 entries)
| ExpenseExpense | GrantsGrants | RevenueRevenue | DescriptionDescription |
|---|---|---|---|
| 1076018 | 399737 | 510304 | COMMUNITY OUTREACH PROGRAMS FOCUS ON CONNECTING HIGH SCHOOL AND COLLEGE STUDENTS TO RESOURCES NECESSARY FOR THE PURSUIT OF POSTSECONDARY EDUCATION. |
| 714085 | PROVIDE OUTREACH AND SUPPORT TO STUDENTS THROUGH CAMPUS OFFICES. | ||
| 2482171 | 1829949 | OTHER LOAN SERVICES. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 4272274 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 399737 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 2340253 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 18199928 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 87672 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 173 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DJ WHITAKER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4064957800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JIM BELL | ||||||
| BOARD CHAIR | 3.00 | X | 2400 | 2400 | 0 | |
| KIM CUNNINGHAM | ||||||
| DIRECTOR | 1.00 | X | 2400 | 0 | 0 | |
| ED JASMIN | ||||||
| DIRECTOR | 1.00 | X | 4800 | 2400 | 0 | |
| RUSS RITTER | ||||||
| DIRECTOR | 1.00 | X | 2400 | 0 | 0 | |
| LILA TAYLOR | ||||||
| DIRECTOR | 1.00 | X | 2400 | 1300 | 0 | |
| ROYAL JOHNSON | ||||||
| DIRECTOR | 1.00 | X | 2400 | 0 | 0 | |
| ROD SUNDSTED | ||||||
| VICE CHAIR | 1.00 | X | 4800 | 0 | 0 | |
| ROB BARNOSKY | ||||||
| DIRECTOR | 1.00 | X | 2400 | 0 | 0 | |
| RON SEXTON | ||||||
| DIRECTOR | 1.00 | X | 1800 | 0 | 0 | |
| JAMES A STIPCICH | ||||||
| PRESIDENT | 41.00 | 226115 | 12491 | 28864 | X | |
| JANET RIIS | ||||||
| SECRETARY/TREASURER | 1.00 | 0 | 0 | 0 | X | |
| SCOTT TODOROVICH | ||||||
| VICE PRESIDENT | 41.00 | 156909 | 248 | 25632 | X | |
| JOLENE SELBY | ||||||
| SENIOR VICE PRESIDENT | 44.00 | 169399 | 1402 | 23634 | X | |
| DON OLIVER | ||||||
| VICE PRESIDENT | 22.00 | 0 | 173420 | 18036 | X | |
| KELLY CRESSWELL | ||||||
| VICE PRESIDENT | 43.00 | 146132 | 0 | 19703 | X | |
| SIMON POOLE | ||||||
| VICE PRESIDENT | 32.00 | 126640 | 32717 | 25298 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 850995 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 226378 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 141167 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| DORSEY & WHITNEY LLP | |||||
| PO BOX 1680 | INDIANAPOLIS | MN | 55480 | LEGAL SERVICES | 238956 |
| ANDERSON ZURMUEHLEN & CO PC | |||||
| PO BOX 1040 | HELENA | MT | 59624 | AUDIT AND CONSULTING | 172398 |
| SALLIE MAE SERVICING CORP | |||||
| PO BOX 66445 | INDIANAPOLIS | IN | 46266 | LOAN SERVICING | 100185 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Fundraising Events | 44345 | FundraisingEvents |
| All Other Contributions | 357309 | AllOtherContributions |
| Total Contributions | 401654 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MANAGEMENT AND SERVICI | 525990 | 12660737 | 12660737 | |
| INTEREST ON LOANS | 525990 | 2083623 | 2083623 | |
| LOAN SERVICING FEE INC | 525990 | 1829949 | 1829949 | |
| LOAN SERVICING FEE INC | 525990 | 571883 | 571883 | |
| OTHER PROGRAM REVENUE | 525990 | 506454 | 506454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17652646 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93456 | TotalRevenueColumn |
| Exclusion | $93,456 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3850 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3850 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3850 | TotalRevenueColumn |
| Unrelated Business Revenue | 3850 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 150 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 150 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 150 | TotalRevenueColumn |
| Exclusion | $150 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 14800 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 44345 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 30300 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -15500 | TotalRevenueColumn |
| Exclusion | -$15,500 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18136256 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17080763 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 575733 | UnrelatedBusinessRevenue |
| Exclusion | $78,106 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1468261 | Total |
| Program Services | 1468261 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182237 | Total |
| Program Services | 182237 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 901356 | Total |
| Program Services | 857263 | ProgramServices |
| Management And General | 29228 | ManagementAndGeneral |
| Fundraising | 14865 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6755322 | Total |
| Program Services | 6658289 | ProgramServices |
| Management And General | 88235 | ManagementAndGeneral |
| Fundraising | 8798 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 401588 | Total |
| Program Services | 394548 | ProgramServices |
| Management And General | 5620 | ManagementAndGeneral |
| Fundraising | 1420 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1230139 | Total |
| Program Services | 1227075 | ProgramServices |
| Management And General | 1598 | ManagementAndGeneral |
| Fundraising | 1466 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 529094 | Total |
| Program Services | 521006 | ProgramServices |
| Management And General | 6457 | ManagementAndGeneral |
| Fundraising | 1631 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179996 | Total |
| Program Services | 179996 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 178593 | Total |
| Program Services | 178593 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189493 | Total |
| Program Services | 189493 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 203442 | Total |
| Program Services | 203240 | ProgramServices |
| Fundraising | 202 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 986888 | Total |
| Program Services | 976891 | ProgramServices |
| Fundraising | 9997 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 586755 | Total |
| Program Services | 586755 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198124 | Total |
| Program Services | 198124 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169915 | Total |
| Program Services | 169915 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15619 | Total |
| Management And General | 15619 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464274 | Total |
| Program Services | 464274 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 560865 | Total |
| Program Services | 560865 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96154 | Total |
| Program Services | 81689 | ProgramServices |
| Management And General | 14465 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| CONTRACT SERVICING FEES | 1592581 | 1592581 |
| CONSOLIDATION REBATE FE | 752878 | 752878 |
| PROGRAM AND LIQUIDITY F | 402275 | 402275 |
| BANK CHARGES | 112127 | 112127 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 240717 | Total |
| Program Services | 241553 | ProgramServices |
| Management And General | -18973 | ManagementAndGeneral |
| Fundraising | 18137 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18398693 | Total |
| Program Services | 18199928 | ProgramServices |
| Management And General | 142249 | ManagementAndGeneral |
| Fundraising | 56516 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 800 | BOY |
| EOY | 770 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7790326 | BOY |
| EOY | 3443455 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 499910 | BOY |
| EOY | 895110 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2426342 | BOY |
| EOY | 113 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 299425 | BOY |
| EOY | 384159 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10096410 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4792785 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5169828 | BOY |
| EOY | 5303625 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543902 | BOY |
| EOY | 546918 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194431922 | BOY |
| EOY | 769993 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 615342 | BOY |
| EOY | 2447315 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 211777797 | BOY |
| EOY | 13791458 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2450034 | BOY |
| EOY | 2487420 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1302700 | BOY |
| EOY | 1337695 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200360786 | BOY |
| EOY | 5003228 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149126 | BOY |
| EOY | 88266 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4360290 | BOY |
| EOY | 1982425 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 208622936 | BOY |
| EOY | 10899034 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3135080 | BOY |
| EOY | 2842969 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19781 | BOY |
| EOY | 49455 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3154861 | BOY |
| EOY | 2892424 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 211777797 | BOY |
| EOY | 13791458 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -262437 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | AmountAmount |
|---|---|---|---|
| MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION | |||
| 810393527 | 9 | 1 | $0 |
| BOARD OF REGENTS OF THE MONTANA UNIVERSITY SYSTEM | |||
| 521528682 | 6 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART I LINE 11(VII) SUPPORT: STUDENT ASSISTANCE FOUNDATION IS A SUPPORTING ORGANIZATION ORGANIZED TO PROVIDE MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION (MHESAC),A 501(C)(3)ORGANIZATION, WITH ALL THE NECESSARY MANAGEMENT AND ADMINISTRATIVE SERVICES REQUIRED TO OPERATE MHESAC'S STUDENT LOAN PROGRAM,PERFORM ALL THE RESPONSIBILITIES UNDER THE INDENTURES, AND TO SERVICE ALL STUDENT LOANS OWNED BY MHESAC. THE BOARD OF REGENTS CONTROLS THE MONTANA UNIVERSITY SYSTEM WHOSE MEMBER SCHOOLS ARE THE LARGEST RECIPIENT OF SAF'S GRANT PROGRAMS. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt Of4955 Tax | 0 | AmtOf4955Tax |
| Amt Of4955 Tax On Managers | 0 | AmtOf4955TaxOnManagers |
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $6,089 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $2,875 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 8964 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1: | ReturnReference |
| Explanation | PORTION OF NONDEDUCTIBLE DUES PAID TO EDUCATION FINANCE COUNCIL THAT WERE ATTRIBUTABLE TO LOBBYING ACTIVITIES. STUDENT ASSISTANCE FOUNDATION IS NOT INVOLVED IN THE MANAGEMENT OF, CONTROLLED BY OR RELATED TO THE EDUCATION FINANCE COUNCIL. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 184891 | BeginningOfYearBalance |
| Contributions | 277240 | Contributions |
| Investment Earnings Or Losses | 1617 | InvestmentEarningsOrLosses |
| End Of Year Balance | 463748 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 122825 | BeginningOfYearBalance |
| Contributions | 60000 | Contributions |
| Investment Earnings Or Losses | 2066 | InvestmentEarningsOrLosses |
| End Of Year Balance | 184891 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 60567 | BeginningOfYearBalance |
| Contributions | 60500 | Contributions |
| Investment Earnings Or Losses | 1758 | InvestmentEarningsOrLosses |
| End Of Year Balance | 122825 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | 60000 | Contributions |
| Investment Earnings Or Losses | 567 | InvestmentEarningsOrLosses |
| End Of Year Balance | 60567 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1456000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 285000 | OtherCostOrOtherBasis |
| Book Value | 1741000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3863894 | OtherCostOrOtherBasis |
| Depreciation | 1718676 | Depreciation |
| Book Value | 2145218 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4053853 | OtherCostOrOtherBasis |
| Depreciation | 3074109 | Depreciation |
| Book Value | 979744 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 437663 | OtherCostOrOtherBasis |
| Book Value | 437663 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5303625 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| EDUCATIONAL LOANS RECEIVABLE | 18216 | C |
| INVESTMENT IN TRUSTUDENT | 751777 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 769993 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ENDOWMENT INTEREST RECEIVABLE | 10 |
| RECEIVABLE RELATED ENTITY | 2447305 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 2447315 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FUNDS HELD FOR LOAN SERVICING | Description |
| Amount | $1,982,425 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1982425 | TotalOfAmounts |
| Total Revenue | 18136256 | TotalRevenue |
| Total Expenses | 18398693 | TotalExpenses |
| Excess Or Deficit For Year | -262437 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -262437 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18356294 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 8860 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 211178 | OtherRevenues |
| Revenue Not Rptd F990 | 220038 | RevenueNotRptdF990 |
| Revenue Subtotal | 18136256 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18136256 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19996026 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 8860 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 1588473 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1597333 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18398693 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18398693 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | FUNDS TO BE USED FOR PROGRAMS. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENDITURES FOR SPECIAL EVENTS NETTED AGAINST REVENUES 30,300. CONSOLIDATION ELIMINATING ENTRIES 180,878. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | EXPENDITURES FOR SPECIAL EVENTS NETTED AGAINST REVENUES 30,300. CONSOLIDATATION ELIMINATING ENTRIES 1,558,173. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF SCRAMBLE | NameOfEvent1 |
| Gross Receipts Event1 | 59145 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 44345 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 14800 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 3720 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 15395 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 3865 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 4552 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2292 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 476 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 59145 | GrossReceiptsTotal |
| Charitable Contributions Total | 44345 | CharitableContributionsTotal |
| Gross Revenue Total Events | 14800 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 3720 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 15395 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 3865 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 4552 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2292 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 476 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 30300 | DirectExpenseSummaryEvents |
| Net Income Summary | -15500 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (33 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| BLACKFEET COMMUNITY COLLEGE | ||||||||
| PO BOX 819 | BROWNING | MT | 59417 | 810378943 | 501C(3) | 10865 | CASH | EDUCATION |
| BOZEMAN SCHOOLS FOUNDATION | ||||||||
| PO BOX 1803 | BOZEMAN | MT | 59771 | 201645473 | 501C(3) | 10000 | CASH | EDUCATION |
| CARROLL COLLEGE | ||||||||
| 1601 N BENTON | HELENA | MT | 59625 | 810231774 | 501C(3) | 35115 | CASH | EDUCATION |
| CHIEF DULL KNIFE COLLEGE | ||||||||
| PO BOX 98 | LAME DEER | MT | 59043 | 810351900 | 501C(3) | 8987 | CASH | EDUCATION |
| DAWSON COMMUNITY COLLEGE | ||||||||
| 300 COLLEGE DRIVE | GLENDIVE | MT | 59330 | 816000240 | MT UNIVERSITY SYSTEM | 10698 | CASH | EDUCATION |
| FLATHEAD VALLEY COMMUNITY COLLEGE | ||||||||
| 777 GRANDVIEW DR | KALISPELL | MT | 59901 | 810299199 | 501C(3) | 60363 | CASH | EDUCATION |
| AANIIIH NOKADA COLLEGE | ||||||||
| PO BOX 159 | HARLEM | MT | 59526 | 810420980 | 501C(3) | 4374 | CASH | EDUCATION |
| FORT PECK COMMUNITY COLLEGE | ||||||||
| 605 INDIAN AVENUE | POPLAR | MT | 59255 | 810374399 | 501C(3) | 9367 | CASH | EDUCATION |
| HELENA SYMPHONY | ||||||||
| PO BOX 1073 | HELENA | MT | 59624 | 810352076 | 501C(3) | 5000 | CASH | EDUCATION |
| LITTLE BIG HORN COLLEGE | ||||||||
| PO BOX 370 | CROW AGENCY | MT | 59022 | 810331905 | 501C(3) | 9747 | CASH | EDUCATION |
| MILES CITY COMMUNITY COLLEGE | ||||||||
| 2715 DICKENSON ST | MILES CITY | MT | 59301 | 816000208 | 501C(3) | 11554 | CASH | EDUCATION |
| MISSOULA EDUCATION FOUNDATION | ||||||||
| PO BOX 1775 | MISSOULA | MT | 59806 | 810514370 | 501C(3) | 10000 | CASH | EDUCATION |
| MONTANA POST SECONDARY EDUCATIONAL OPPORTUNITIES | ||||||||
| PO BOX 7548 | MISSOULA | MT | 59807 | 810458218 | 501C(3) | 16000 | CASH | EDUCATION |
| MONTANA STATE UNIVERSITY - BILLINGS | ||||||||
| 1500 UNIVERSITY DR | BILLINGS | MT | 59101 | 816001642 | MT UNIVERSITY SYSTEM | 126835 | CASH | EDUCATION |
| MONTANA STATE UNIVERSITY - BOZEMAN | ||||||||
| PO BOX 174160 | BOZEMAN | MT | 59717 | 816010045 | MT UNIVERSITY SYSTEM | 327354 | CASH | EDUCATION |
| MONTANA STATE UNIVERSITY - GREAT FALLS COLLEGE OF TECH | ||||||||
| 2100 16TH AVE S | GREAT FALLS | MT | 59406 | 810522790 | MT UNIVERSITY SYSTEM | 41914 | CASH | EDUCATION |
| MONTANA STATE UNIVERSITY - NORTHERN | ||||||||
| PO BOX 7751 | HAVRE | MT | 59501 | 816001663 | MT UNIVERSITY SYSTEM | 31002 | CASH | EDUCATION |
| MONTANA TECH OF THE UM & COLLEGE OF TECHNOLOGY | ||||||||
| 1300 W PARK ST | BUTTE | MT | 59701 | 816001654 | MT UNIVERSITY SYSTEM | 54776 | CASH | EDUCATION |
| PETERSON'S SATACT PRACTICE GUIDES | ||||||||
| PO BOX 30216 | OMAHA | NE | 68103 | 470828363 | 15000 | CASH | EDUCATION | |
| ROCKY MOUNTAIN COLLEGE | ||||||||
| 1511 POLY DR | BILLINGS | MT | 59102 | 810235407 | 501C(3) | 23655 | CASH | EDUCATION |
| SALISH KOOTENAI COLLEGE | ||||||||
| PO BOX 70 | PABLO | MT | 59855 | 810378823 | 501C(3) | 29351 | CASH | EDUCATION |
| STONE CHILD COLLEGE | ||||||||
| RR1 BOX 1082 | BOX ELDER | MT | 59521 | 810420650 | 501C(3) | 5278 | CASH | EDUCATION |
| STUDIO DESIGNS | ||||||||
| 1801 THIRD AVENUE NORTH | GREAT FALLS | MT | 59401 | 262307100 | 6000 | CASH | EDUCATION | |
| UNIVERSITY OF GREAT FALLS | ||||||||
| 1301 20TH ST S | GREAT FALLS | MT | 59405 | 810231777 | 501C(3) | 22776 | CASH | EDUCATION |
| UNIVERSITY OF MONTANA - HELENA COLLEGE OF TECHNOLOGY | ||||||||
| 1115 N ROBERTS | HELENA | MT | 59601 | 810302402 | MT UNIVERSITY SYSTEM | 35661 | CASH | EDUCATION |
| UNIVERSITY OF MONTANA - MISSOULA | ||||||||
| LOMMASSON RM 218 | MISSOULA | MT | 59812 | 816001713 | MT UNIVERSITY SYSTEM | 377637 | CASH | EDUCATION |
| UNIVERSITY OF MONTANA - WESTERN | ||||||||
| 710 S ATLANTIC | DILLION | MT | 59725 | 816001713 | MT UNIVERSITY SYSTEM | 37452 | CASH | EDUCATION |
| HELENA EDUCATION FOUNDATION | ||||||||
| PO BOX 792 | HELENA | MT | 59624 | 810544494 | 501C(3) | 14500 | CASH | EDUCATION |
| GRANDSTREET THEATRE | ||||||||
| PO BOX 1258 | HELENA | MT | 59624 | 810357843 | 501C(3) | 7000 | CASH | EDUCATION |
| THOMPSON FALLS HIGH SCHOOL | ||||||||
| PO BOX 129 | THOMPSON FALLS | MT | 59873 | 816000916 | PUBLIC INSTITUTION | 5000 | CASH | EDUCATION |
| PLAINS HIGH SCHOOL | ||||||||
| PO BOX 549 | PLAINS | MT | 59859 | 816000915 | PUBLIC INSTITUTION | 5000 | CASH | EDUCATION |
| MONTANA CREDIT UNIONS FOR COMMUNITY DEVELOPMENT | ||||||||
| 101 N RODNEY | HELENA | MT | 59601 | 753103575 | 501C(3) | 50000 | CASH | EDUCATION |
| MONTANA OFFICE OF PUBLIC INSTRUCTION | ||||||||
| 1300 11TH AVE | HELENA | MT | 59601 | 810302402 | PUBLIC INSTITUTION | 50000 | CASH | EDUCATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 31 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| FOSTER CARE - ETV | 29 | 108737 | GRANT EXPENSE DETAIL |
| JOBS FOR MONTANA GRADS | 1 | 500 | GRANT EXPENSE DETAIL |
| CIRCLE OF SUCCESS | 64 | 63000 | GRANT EXPENSE DETAIL |
| COLLEGE GOAL SUNDAY | 20 | 10000 | GRANT EXPENSE DETAIL |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: SAF'S GRANTS AND SCHOLARSHIP PROGRAMS ARE DESIGNATED TO SUPPORT STUDENTS WHO ARE FACING TEMPORARY FINANCIAL OBSTACLES TO COMPLETING THEIR EDUCATION. ACCESS GRANTS TOTALING MORE THAN $1.2 MILLION WERE DELIVERED TO MONTANA'S COLLEGES AND UNIVERSITIES. THESE DOLLARS ARE DISTRIBUTED TO STUDENTS THROUGH THE FINANCIAL AID OFFICE, AND ON AVERAGE, ARE $1,000 AWARDS. EACH SCHOOL DEVELOPS AND ADMINISTERS THEIR OWN DISTRIBUTION PROCESS. SAF ALSO DELIVERS FUNDS TO THE STUDENTS THROUGH ITS CIRCLE OF SUCCESS SCHOLARSHIP. THESE AWARDS ARE $1,000 EACH, AND THE INTENT OF THE PROGRAM IS TO AWARD A GRANT TO AT LEAST ONE STUDENT FROM EACH OF MONTANA'S 56 COUNTIES. CIRCLE OF SUCCESS SCHOLARSHIPS ARE AWARDED BASED ON APPLICATIONS SUBMITTED BY STUDENTS. STUDENT ENROLLMENT IS VERIFIED AND CHECKS ARE ISSUED TO SCHOOLS IN THE STUDENT'S NAME. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 1 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES A STIPCICH | |||||||||||||
| 179996 | 10141 | 46119 | 2350 | 0 | 0 | 14102 | 609 | 13748 | 405 | 253965 | 13505 | 0 | 0 |
| SCOTT TODOROVICH | |||||||||||||
| 122609 | 248 | 30550 | 0 | 3750 | 0 | 9910 | 15 | 15679 | 28 | 182498 | 291 | 0 | 0 |
| JOLENE SELBY | |||||||||||||
| 131798 | 1402 | 32313 | 0 | 5288 | 0 | 10506 | 84 | 12885 | 159 | 192790 | 1645 | 0 | 0 |
| DON OLIVER | |||||||||||||
| 0 | 130370 | 0 | 30550 | 0 | 12500 | 0 | 10448 | 0 | 7588 | 0 | 191456 | 0 | 0 |
| KELLY CRESSWELL | |||||||||||||
| 117897 | 0 | 28235 | 0 | 0 | 0 | 8965 | 0 | 10738 | 0 | 165835 | 0 | 0 | 0 |
| SIMON POOLE | |||||||||||||
| 90340 | 32717 | 30550 | 0 | 5750 | 0 | 8054 | 1954 | 13353 | 1937 | 148047 | 36608 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 5 | THE EXECUTIVE COMPENSATION PLAN INCLUDES AN INCENTIVE PLAN. ONE OF THE TARGETS OF THE INCENTIVE PLAN IS BASED ON THE LEVEL OF ANNUAL GROSS REVENUE EARNED. | |
| PART III | EMPLOYEES FOR STUDENT ASSISTANCE FOUNDATION ARE COMMON PAYMASTER EMPLOYEES AND THE COSTS FOR THE RELATED ENTITY, TRUSTUDENT ARE REIMBURSED FOR COSTS INCURRED. | SUPPLEMENTAL INFORMATION |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| KELLY CRESSWELL | ||||||
| COMPUTER PURCHASE LOAN | X | $559 | 140 | 0 | 1 | 1 |
| KELLY CRESSWELL | ||||||
| PREPAID HEALTH CLUB DUES | X | $778 | 162 | 0 | 1 | 1 |
| KELLY CRESSWELL | ||||||
| COMPUTER PURCHASE LOAN | X | $772 | 579 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 881 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| JAMES STIPCICH | ||
| TOP MANAGEMENT OFFICIAL FOR MHESAC | NOTED TOP MANAGEMENT OFFICIAL FOR MHESAC IS AN OFFICER OF STUDENT ASSISTANCE FOUNDATION | 0 |
| LILA TAYLOR | ||
| VICE CHAIR | NOTED BOARD MEMBER IS ON BOTH STUDENT ASSISTANCE FOUNDATION AND MHESAC BOARDS | 0 |
| JOLENE SELBY | ||
| TOP FINANCE OFFICIAL FOR MHESAC | NOTED TOP FINANCE OFFICIAL FOR MHESAC IS AN OFFICER OF STUDENT ASSISTANCE FOUNDATION | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE FOLLOWING BOARD MEMBER IS ON BOTH STUDENT ASSISTANCE FOUNDATION AND MHESAC BOARDS: LILA TAYLOR. THE FOLLOWING BOARD MEMBERS ARE ON BOTH THE STUDENT ASSISTANCE FOUNDATION AND TRU STUDENT BOARDS: ED JASMIN AND JIM BELL SAF OFFICERS JAMES STIPCICH AND JOLENE SELBY ARE TOP MANAGEMENT OFFICIAL AND TOP FINANCE OFFICIAL, RESPECTIVELY, FOR MHESAC. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE RETURN IS MADE AVAILABLE TO THE FULL BOARD AND REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. THE AUDIT COMMITTEE PRESENTS THE RETURN TO THE FULL BOARD AT THE NEXT SCHEDULED MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST PRIOR TO PARTICIPATING IN THE DISCUSSION OF THE TOPIC. THE DISCLOSURE IS NOTED IN THE MINUTES. ALL VOTES HAVE TO BE CARRIED BY A MAJORITY OF DISINTERESTED PARTIES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION IS AS FOLLOWS: THE SAF BOARD APPOINTS A COMPENSATION COMMITTEE IN CONJUNCTION WITH AN EXTERNAL CONSULTANT TO REVIEW AND RECOMMEND COMPENSATION OF THE CEO FOR BOARD APPROVAL. MARKET CONDITIONS ARE LOOKED AT ANNUALLY VIA A MARKET SURVEY. THE SAF BOARD APPROVES ANY ANNUAL COST OF LIVING ADJUSTMENTS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS AVAILABLE FROM THE ORGANIZATIONS'S WEBSITE AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART VII, SECTION A, COLUMN B | DON OLIVER'S AVERAGE WEEKLY HOURS IS 43 HOURS. HE HAS AVERAGED 22 HOURS OF HIS TIME TO SAF. SIMON POOLE'S AVERAGE WEEKLY HOURS IS 43 HOURS. HE HAS AVERAGED 11 HOURS OF HIS TIME TO TRU STUDENT, AND 32 HOURS OF HIS TIME TO SAF. JIM STIPCICH'S AVERAGE WEEKLY HOURS IS 43 HOURS. HE HAS AVERAGED 2 HOURS OF HIS TIME TO TRU STUDENT, AND 41 HOURS OF HIS TIME TO SAF. JOLENE SELBY'S AVERAGE WEEKLY HOURS IS 45. HER AVERAGE FOR TRU STUDENT IS 1 HOUR AND 44 HOURS TO SAF. SCOTT TODOROVICH'S AVERAGE WEEKLY HOURS IS 41. HIS TRU STUDENT TIME IS MINIMAL. | HOURS FOR RELATED ORGANIZATIONS |
| FORM 990, PART XII, LINE 2C, | THE PROCESS FOR THE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS. | OVERSIGHT OF FINANCIAL STATEMENT AUDIT: |
| FORM 990, PART XII, LINE 2 B | THE FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING A FIN 48 STATEMENT OF UNCERTAIN TAX POSITIONS. | FINANCIAL STATEMENT REPORTING |
| FORM 990, PART I AND PART X | DURING THE FISCAL YEAR, MONTANA STUDENT LOAN FUNDING, A WHOLLY-OWNED AND FULLY CONSOLIDATED COMPANY ENTERED INTO A STRUCTURED RELINQUISHMENT OF STUDENT LOANS IN EXCHANGE FOR THE EXTINGUISHMENT OF THE RELATED DEBT. THE RESULT WAS A SIGNIFICANT DECREASE IN BOTH THE TOTAL ASSETS AND TOTAL LIABILITIES OF THE CONSOLIDATED COMPANY. THE ASSETS RELINQUISHED AND THE CORRESPONDING DEBT RELIEVED WERE EACH $193 MILLION. | DECREASE IN TOTAL ASSETS AND TOTAL LIABILITIES |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTANA STUDENT LOAN FUNDINGLLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY ROOM 237 | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 731672105 | EIN |
| Primary Activities | STUDENT LOAN SERVICING | PrimaryActivities |
| Legal Domicile State | MT | LegalDomicileState |
| Total Income | 1975766 | TotalIncome |
| EOY Assets | 21 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810393527 | EIN |
| Primary Activities | PROVIDE FUNDS FOR STUDENT LOANS | PrimaryActivities |
| Legal Domicile State | MT | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRU STUDENT CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 BROADWAY | AddressLine1 |
| City | HELENA | City |
| State | MT | State |
| ZIP Code | 59601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272815636 | EIN |
| Primary Activity | SERVICE STUDENT LOANS | PrimaryActivity |
| Legal Domicile State | MT | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 1057713 | ShareOfTotalIncome |
| Share Of EOY Assets | 1291299 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 1 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (8 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TRU STUDENT CORPORATION | ||
| B | 500000 | AMOUNT TRANSFERRED |
| TRU STUDENT CORPORATION | ||
| K | 482312 | SERVICES PROVIDED |
| TRU STUDENT CORPORATION | ||
| L | 303603 | SERVICES PROVIDED |
| TRU STUDENT CORPORATION | ||
| D | 2250000 | AMOUNT OF ADVANCE |
| TRU STUDENT CORPORATION | ||
| A | 3850 | AMOUNT PAID FOR RENT |
| TRU STUDENT CORPORATION | ||
| N | 139210 | SALARIES PAID BY SAF |
| TRU STUDENT CORPORATION | ||
| N | 391812 | SALARIES PAID BY TRU STUDENT |
| TRU STUDENT CORPORATION | ||
| A | 87072 | INTEREST PAID ON LOAN |
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