Civic Intelligence

Aim Higher Foundation

990 • Fiscal year 2024 • EIN 46-3935682

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 20, 2024

Organization ProfileAIMHIGHERFOUNDATION.ORG
2610 University Avenue West 525St Paul, MN 55114

(612) 819-6711

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.53x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.26x

Higher debt load relative to revenue than 87% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-45%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$171,949

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

10th percentile

-11%

Faster asset growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$5,490,835

Down $713,127 (-11%) from 2023

Net Assets

Down

$2,590,893

Down $934,330 (-27%) from 2023

Liabilities

Up

$2,899,942

Up $221,203 (+8.3%) from 2023

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin7th percentile

Revenue

Up

$2,308,093

Up $212,901 (+10%) from 2023

Expenses

Up

$3,338,691

Up $346,955 (+12%) from 2023

Net Income

Down

-$1,030,598

Down $134,054 (-15%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $143,945Liabilities 2014: $22,3642014Assets 2015: $629,498Liabilities 2015: $8,356Net Assets 2015: $621,1422015Assets 2016: $809,285Liabilities 2016: $724,437Net Assets 2016: $84,8482016Assets 2017: $1,329,524Liabilities 2017: $732,114Net Assets 2017: $597,4102017Assets 2018: $1,490,910Liabilities 2018: $1,452,957Net Assets 2018: $37,9532018Assets 2019: $1,784,527Liabilities 2019: $1,714,651Net Assets 2019: $69,8762019Assets 2020: $6,773,685Liabilities 2020: $2,293,422Net Assets 2020: $4,480,2632020Assets 2021: $6,897,588Liabilities 2021: $2,393,292Net Assets 2021: $4,504,2962021Assets 2022: $6,907,513Liabilities 2022: $2,452,409Net Assets 2022: $4,455,1042022Assets 2023: $6,203,962Liabilities 2023: $2,678,739Net Assets 2023: $3,525,2232023Assets 2024: $5,490,835Liabilities 2024: $2,899,942Net Assets 2024: $2,590,8932024Assets 2025: $5,537,980Liabilities 2025: $3,260,412Net Assets 2025: $2,277,5682025

Highlighted filing

2024

Assets$5,490,835
Liabilities$2,899,942
Net Assets$2,590,893
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $150,073Expenses 2014: $28,492Net Income 2014: $121,5812014Revenue 2015: $583,384Expenses 2015: $83,823Net Income 2015: $499,5612015Revenue 2016: $1,124,355Expenses 2016: $1,079,845Net Income 2016: $44,5102016Revenue 2017: $1,398,048Expenses 2017: $888,205Net Income 2017: $509,8432017Revenue 2018: $1,358,709Expenses 2018: $1,921,552Net Income 2018: -$562,8432018Revenue 2019: $2,038,230Expenses 2019: $1,986,235Net Income 2019: $51,9952019Revenue 2020: $7,293,141Expenses 2020: $2,875,843Net Income 2020: $4,417,2982020Revenue 2021: $2,438,620Expenses 2021: $2,538,487Net Income 2021: -$99,8672021Revenue 2022: $2,912,547Expenses 2022: $2,745,766Net Income 2022: $166,7812022Revenue 2023: $2,095,192Expenses 2023: $2,991,736Net Income 2023: -$896,5442023Revenue 2024: $2,308,093Expenses 2024: $3,338,691Net Income 2024: -$1,030,5982024Revenue 2025: $3,445,656Expenses 2025: $3,825,869Net Income 2025: -$380,2132025

Highlighted filing

2024

Revenue$2,308,093
Expenses$3,338,691
Net Income-$1,030,598
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 20, 2024
Return Version
2023v5.1
Gross Receipts
$2,470,991
Mission and Program Overview

Mission

The aim higher foundation (ahf) provides scholarships to students from families with demonstrated financial need who seek a catholic education for their children

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,015,956$3,217,647▲ $201,691
Cash and Non-Interest-Bearing Accounts$1,106,244$1,275,775▲ $169,531
Pledges and Grants Receivable$2,017,033$928,023▼ $1,089,010
Prepaid Expenses and Deferred Charges$8,473$33,606▲ $25,133
Land, Buildings, and Equipment, Net$2,557$1,826▼ $731
Total Assets$6,203,962$5,490,835▼ $713,127
Other Assets Total$53,699$33,958▼ $19,741
Liabilities
Grants Payable$2,599,480$2,802,281▲ $202,801
Accounts Payable and Accrued Expenses$28,028$49,322▲ $21,294
Other Liabilities$51,231$33,339▼ $17,892
Deferred Revenue$0$15,000▲ $15,000
Total Liabilities$2,678,739$2,899,942▲ $221,203
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,917,309$1,828,095▼ $1,089,214
Net Assets Without Donor Restrictions$607,914$762,798▲ $154,884
Total Net Assets Fund Balance$3,525,223$2,590,893▼ $934,330
Total Liabilities and Net Assets / Fund Balance$6,203,962$5,490,835▼ $713,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,826$10,589$12,415
Leasehold Improvements$0$1,202$1,202

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$874,308$0▲ $101,012-$939,522
2022$734,796$100,000▲ $72,703-$874,308
2021$825,069-▼ $60,028-$734,796
2020$644,998-▲ $193,326-$825,069
2019$120,746$525,000▲ $245-$644,998
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard R Austin IiiPresidentFT$168,577$3,372$171,949

Board Members and Trustees

NameTitle
Mary SchaffnerBoard Chair
Aida SchaeferBoard Member
Barry LieskeBoard Member
Brent FrederickBoard Member
Father Chris CollinsBoard Member
Jackie DaylorBoard Member
Jeff CachatBoard Member
Joe DonnellyBoard Member
Julie HurleyBoard Member
Margaret RequetBoard Member
Paul HerroBoard Member
Father John UbelFormer Treasurer
Donal MulliganSecretary
Sarah SchumacherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,262,784
Program Service Revenue
$0
Investment Income
$166,417
Other Revenue
$-121,108
All Other Contributions
$1,426,832
Change in Net Assets
$-1,030,598

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$38,482Stock Exchange
Total Noncash Contributions6$38,482-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,294,063
Revenue Not Reported on Financial Statements
$14,030
Revenue Not Reported on Form 990
$102,868
Total Revenue per Audited Statements
$2,396,931
Total Revenue per Form 990
$2,308,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,522,360
Salaries, Compensation, and Employee Benefits$595,146
Total Fundraising Expense$382,197
Other Expenses$221,185
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,522,360--$2,522,360
Other Salaries and Wages$73,249$106,458$167,401$347,108
Current Officers, Directors, Trustees, and Key Employees$32,951$38,403$100,973$172,327
Fees for Services Accounting-$54,000-$54,000
Occupancy$6,881$11,068$24,171$42,120
Fees for Services Other$7,788$7,419$24,568$39,775
Payroll Taxes$7,426$12,550$19,204$39,180
Other Employee Benefits$7,873$9,117$19,541$36,531
Office Expenses$380$12,984$7,714$21,078
Information Technology$2,716$3,634$9,272$15,622
Fees for Service Investment Mgmnt Fees-$14,030-$14,030
Advertising$1,807$2,948$7,382$12,137
Other Expenses$3,398$3,867$1,533$3,867
Insurance-$2,933-$2,933
Travel-$1,756-$1,756
Depreciation Depletion$173$120$438$731
Conferences and Meetings-$96-$96
Total Functional Expenses$2,667,002$289,492$382,197$3,338,691

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,338,691
Total Expenses per Audited Statements$3,331,261
Expenses per Audited Statements$3,324,661
Expenses Not Reported on Financial Statements$14,030
Expenses Not Reported on Form 990$6,600
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attached Schedule--Tuition Scholarship for Private Catholic Education$2,522,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$162,898
Fundraising Gross Income$41,790
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night of Light$877,742$41,790$65,563$-23,773
Total Events$877,742$41,790$162,898$-121,108
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Maturities of Operating Lease Obligations$19,707
Long-term Operating Lease Obligations$13,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The organization amended its bylaws for the following items:”

Form 990, Part VI, Section A, Line 7A

“Additional board members are elected by the affirmative vote of the majority of existing board members present at a duly held meeting.”

Form 990, Part VI, Section B, Line 11B

“The 990 is prepared by the organization's accounting firm. The finance committee and treasurer review the draft ahead of the filing. A final draft is also provided to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest forms are submitted on an annual basis. The governance committee reviews the conflicts of interest for each board member.”

Form 990, Part VI, Section B, Line 15

“Compensation of the president is reviewed and approved by the board of directors by research and discussion of comparability data. The organization does not have any other officers or key employees that are compensated.”

Form 990, Part VI, Section C, Line 18

“The state of minnesota, office of the attorney general.”

Form 990, Part VI, Section C, Line 19

“Aim higher foundation makes all governing documents, policies, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Aim Higher Foundation
EIN
46-3935682
Phone
6128196711
Address
2610 UNIVERSITY AVENUE WEST 525, ST PAUL, MN 55114

Signing Officer

Name
Richard R Austin Iii
Title
President
Phone
6128196711
Signed
2024-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard R Austin Iii
Formed
2013
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
75

Preparer

Firm
Boulay Pllp
Address
11095 VIKING DRIVE-STE 500, MINNEAPOLIS, MN 55344
Preparer
Daniel R Markowitz
Phone
9528939320
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Uncollectible pledges -6,600.”

Form 990, Part XII, Line 2C

“The organization's process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“In 2018, the foundation created the john m. Nasseff memorial scholarship program (memorial scholarship program). Under the terms of the memorial scholarship program, the foundation receives a 2% administrative fee of all funds received, and the remaining net funds are then allocated 10% to aim higher student scholarships at st. Paul schools and 90% for scholarships at a specified school. The foundation recognizes the 2% administrative fee as service revenue, the 10% allocated funds as aim higher contributions received with donor restrictions for st. Paul schools, and the 90% allocated funds that are designated for scholarships at the specified school are considered agency-type funds. The agency-type funds are not recognized as the foundation's contribution revenue but are rather recorded as a liability (the "memorial scholarship program, designated scholarships") until they are paid. The ending value of these agency-type funds for the fiscal year was $232,281.”

PART V, LINE 4:

“The purpose of the endowment is to collect, invest, manage, and make distributions from the fund to support the general charitable purpose of the aim higher foundation. Funds are held at catholic community foundation.”

PART X, LINE 2:

“The foundation is a nonprofit entity and, therefore, exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and applicable state statutes. The foundation follows guidance for accounting for uncertainty in income taxes and has evaluated whether they have any significant uncertainties that would require recognition or disclosure. Primarily due to the exempt status, the foundation does not have any significant tax uncertainties that would require recognition or disclosure. The foundation is no longer subject to u.s. Federal, state, or local tax examinations for years before fiscal 2021.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Uncollectible pledges 6,600.”

Raw XML AppendixShowing 400 of 608 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt028028
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt049322
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN
IRS990/AdvertisingGrp/FundraisingAmt07382
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02948
IRS990/AdvertisingGrp/ProgramServicesAmt01807
IRS990/AdvertisingGrp/TotalAmt012137
IRS990/AllOtherContributionsAmt01426832
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0RICHARD R AUSTIN III
IRS990/BooksInCareOfDetail/PhoneNum06128196711
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02610 UNIVERSITY AVENUE WEST 525
IRS990/BooksInCareOfDetail/USAddress/CityNm0ST PAUL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055114
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01106244
IRS990/CashNonInterestBearingGrp/EOYAmt01275775
IRS990/ChangeToOrgDocumentsInd01
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0100973
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt038403
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt032951
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0172327
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt096
IRS990/ConferencesMeetingsGrp/TotalAmt096
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0835952
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02262784
IRS990/CYGrantsAndSimilarPaidAmt02522360
IRS990/CYInvestmentIncomeAmt0166417
IRS990/CYOtherExpensesAmt0221185
IRS990/CYOtherRevenueAmt0-121108
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1030598
IRS990/CYSalariesCompEmpBnftPaidAmt0595146
IRS990/CYTotalExpensesAmt03338691
IRS990/CYTotalFundraisingExpenseAmt0382197
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02308093
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt015000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0438
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0120
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0173
IRS990/DepreciationDepletionGrp/TotalAmt0731
IRS990/Desc0THE AIM HIGHER FOUNDATION PROVIDES TUITION-ASSISTANCE SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN. SINCE ITS INCEPTION, THE AIM HIGHER FOUNDATION HAS AWARDED MORE THAN 16,000 SCHOLARSHIPS TOTALING MORE THAN $15.2 MILLION TO CHILDREN ACROSS THE TWELVE-COUNTY MINNEAPOLIS AND ST.PAUL METRO AREA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02917309
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01828095
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02667002
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt054000
IRS990/FeesForServicesAccountingGrp/TotalAmt054000
IRS990/FeesForServicesOtherGrp/FundraisingAmt024568
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07419
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07788
IRS990/FeesForServicesOtherGrp/TotalAmt039775
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt014030
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt014030
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1460.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt143372
IRS990/Form990PartVIISectionAGrp/PersonNm0DONAL MULLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm1FATHER JOHN UBEL
IRS990/Form990PartVIISectionAGrp/PersonNm2SARAH SCHUMACHER
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY SCHAFFNER
IRS990/Form990PartVIISectionAGrp/PersonNm4AIDA SCHAEFER
IRS990/Form990PartVIISectionAGrp/PersonNm5BARRY LIESKE
IRS990/Form990PartVIISectionAGrp/PersonNm6BRENT FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm7FATHER CHRIS COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm8JACKIE DAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF CACHAT
IRS990/Form990PartVIISectionAGrp/PersonNm10JOE DONNELLY
IRS990/Form990PartVIISectionAGrp/PersonNm11JULIE HURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MARGARET REQUET
IRS990/Form990PartVIISectionAGrp/PersonNm13PAUL HERRO
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD R AUSTIN III
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14168577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0835952
IRS990/FundraisingDirectExpensesAmt0162898
IRS990/FundraisingGrossIncomeAmt041790
IRS990/GainOrLossGrp/SecuritiesAmt044444
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt02522360
IRS990/GrantsPayableGrp/BOYAmt02599480
IRS990/GrantsPayableGrp/EOYAmt02802281
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02522360
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02522360
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt044444
IRS990/GrossReceiptsAmt02470991
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt09272
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03634
IRS990/InformationTechnologyGrp/ProgramServicesAmt02716
IRS990/InformationTechnologyGrp/TotalAmt015622
IRS990/InsuranceGrp/ManagementAndGeneralAmt02933
IRS990/InsuranceGrp/TotalAmt02933
IRS990/InvestmentIncomeGrp/ExclusionAmt0121973
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121973
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03015956
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03217647
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011791
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01826
IRS990/LandBldgEquipCostOrOtherBssAmt013617
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03525223
IRS990/NetAssetsOrFundBalancesEOYAmt02590893
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt044444
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt044444
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-121108
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-121108
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0102868
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0607914
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0762798
IRS990/NoncashContributionsAmt038000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt024171
IRS990/OccupancyGrp/ManagementAndGeneralAmt011068
IRS990/OccupancyGrp/ProgramServicesAmt06881
IRS990/OccupancyGrp/TotalAmt042120
IRS990/OfficeExpensesGrp/FundraisingAmt07714
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012984
IRS990/OfficeExpensesGrp/ProgramServicesAmt0380
IRS990/OfficeExpensesGrp/TotalAmt021078
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053699
IRS990/OtherAssetsTotalGrp/EOYAmt033958
IRS990/OtherChangesInNetAssetsAmt0-6600
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt019541
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09117
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07873
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036531
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt01533
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08109
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13867
IRS990/OtherExpensesGrp/ProgramServicesAmt03398
IRS990/OtherExpensesGrp/TotalAmt013040
IRS990/OtherExpensesGrp/TotalAmt13867
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt051231
IRS990/OtherLiabilitiesGrp/EOYAmt033339
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0167401
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0106458
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt073249
IRS990/OtherSalariesAndWagesGrp/TotalAmt0347108
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt019204
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012550
IRS990/PayrollTaxesGrp/ProgramServicesAmt07426
IRS990/PayrollTaxesGrp/TotalAmt039180
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02017033
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0928023
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033606
IRS990/PrincipalOfficerNm0RICHARD R AUSTIN III
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02081976
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02318360
IRS990/PYInvestmentIncomeAmt084626
IRS990/PYOtherExpensesAmt0221548
IRS990/PYOtherRevenueAmt0-71410
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-896544
IRS990/PYSalariesCompEmpBnftPaidAmt0451828
IRS990/PYTotalExpensesAmt02991736
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02095192
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1030598
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02277784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02081976
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02837815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02372222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07239014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016808811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0121973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt073817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014342
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0249786
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0282309
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82550
IRS990ScheduleA/PublicSupportPY170Pct00.81710
IRS990ScheduleA/PublicSupportTotal170Amt014082327
IRS990ScheduleA/SubstantialContributorsTotAmt02726484
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02277784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02081976
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02837815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02372222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07239014
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016808811
IRS990ScheduleA/TotalSupportAmt017058597
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07197
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0874308
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0939522
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt028601
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101012
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06191
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0734796
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0874308
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt027000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072703
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt06645
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0825069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0734796
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt023600

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,490,835
Liabilities
$2,899,942
Net assets
$2,590,893
Revenue
$2,308,093
Expenses
$3,338,691
Net income
-$1,030,598
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.54$3.26$2.28$3.45$3.83$0.38
2024Detailed filing. Detailed filing data is available for this year.$5.49$2.90$2.59$2.31$3.34$1.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$2.68$3.53$2.10$2.99$0.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$2.45$4.46$2.91$2.75$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$2.39$4.50$2.44$2.54$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.77$2.29$4.48$7.29$2.88$4.42
2019Summary only. Only limited summary data is available for this year.$1.78$1.71$0.07$2.04$1.99$0.05
2018Summary only. Only limited summary data is available for this year.$1.49$1.45$0.04$1.36$1.92$0.56
2017Summary only. Only limited summary data is available for this year.$1.33$0.73$0.60$1.40$0.89$0.51
2016Summary only. Only limited summary data is available for this year.$0.81$0.72$0.08$1.12$1.08$0.04
2015Summary only. Only limited summary data is available for this year.$0.63$0.01$0.62$0.58$0.08$0.50
2014Summary only. Only limited summary data is available for this year.$0.14$0.02$0.15$0.03$0.12