Totals
- Total revenue
- $2,095,192
- Total expenses
- $2,991,736
- Contributions and grants received
- $2,081,976
- Grants paid
- $2,318,360
- Program service revenue
- $0
- Investment income
- $84,626
- Other revenue
- -$71,410
- Total assets, end of year
- $6,203,962
- Total liabilities, end of year
- $2,678,739
- Net assets or fund balances, end of year
- $3,525,223
- Program services expenses (Part IX)
- $2,450,440
- Management and general expenses
- $313,853
- Fundraising expenses
- $227,443
- Program service expenses (Part III)
- $2,450,440
Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$634,570
-
1f · All other contributions, gifts and grants
$1,447,406
-
1g · Noncash contributions included above
$20,132
-
3 · Investment income
total $73,817 · excluded $73,817
-
7a · Gross sales of assets other than inventory
securities $10,809
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $10,809
-
7d · Net gain or loss
total $10,809 · excluded $10,809
-
8a · Fundraising events: gross income
$40,116
-
8a · Fundraising events: contributions included on line 1c
$634,570
-
8b · Fundraising events: direct expenses
$111,526
-
8c · Net income from fundraising events
total -$71,410 · excluded -$71,410
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,318,360 · program services $2,318,360
-
5 · Compensation of officers, directors and key employees
total $183,894 · program services $53,347 · management and general $50,625 · fundraising $79,922
-
7 · Other salaries and wages
total $216,206 · program services $38,494 · management and general $100,087 · fundraising $77,625
-
9 · Other employee benefits
total $19,909 · program services $4,407 · management and general $8,170 · fundraising $7,332
-
10 · Payroll taxes
total $31,819 · program services $7,364 · management and general $11,716 · fundraising $12,739
-
11c · Fees: accounting
total $44,443 · management and general $44,443
-
11f · Fees: investment management
total $12,030 · management and general $12,030
-
11g · Fees: other
total $55,165 · program services $9,425 · management and general $28,678 · fundraising $17,062
-
12 · Advertising and promotion
total $19,148 · program services $4,865 · management and general $5,649 · fundraising $8,634
-
13 · Office expenses
total $17,888 · program services $1,310 · management and general $14,421 · fundraising $2,157
-
14 · Information technology
total $8,327 · program services $1,991 · management and general $3,031 · fundraising $3,305
-
16 · Occupancy
total $36,363 · program services $7,533 · management and general $14,950 · fundraising $13,880
-
17 · Travel
total $742 · management and general $742
-
19 · Conferences, conventions and meetings
total $619 · management and general $619
-
22 · Depreciation, depletion and amortization
total $1,535 · program services $378 · management and general $462 · fundraising $695
-
23 · Insurance
total $2,784 · management and general $2,784
-
24a · Other expenses: SUPPLIES AND EQUIPMENT
total $11,386 · program services $2,966 · management and general $4,328 · fundraising $4,092
-
24b · Other expenses: EVENT EXPENSE
total $11,118 · management and general $11,118
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $960,554 · end of year $1,106,244
-
2 · Savings and temporary cash investments
beginning of year $99,566 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $3,228,943 · end of year $2,017,033
-
9 · Prepaid expenses and deferred charges
beginning of year $11,465 · end of year $8,473
-
10a · Land, buildings and equipment: cost or other basis
$13,617
-
10b · Land, buildings and equipment: accumulated depreciation
$11,060
-
10c · Land, buildings and equipment, net
beginning of year $4,092 · end of year $2,557
-
11 · Investments: publicly traded securities
beginning of year $2,602,893 · end of year $3,015,956
-
15 · Other assets
beginning of year $0 · end of year $53,699
-
17 · Accounts payable and accrued expenses
beginning of year $13,013 · end of year $28,028
-
18 · Grants payable
beginning of year $2,438,473 · end of year $2,599,480
-
25 · Other liabilities
beginning of year $923 · end of year $51,231
-
27 · Net assets without donor restrictions
beginning of year $576,176 · end of year $607,914
-
28 · Net assets with donor restrictions
beginning of year $3,878,928 · end of year $2,917,309
Mission and programs · 2022
Mission
THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN
-
THE AIM HIGHER FOUNDATION PROVIDES STUDENT-BASED TUITION ASSISTANCE SCHOLARSHIPS SO THAT MORE CHILDREN IN THE TWELVE-COUNTY METRO AREA CAN HAVE ACCESS TO THE LIFE-CHANGING BENEFITS OF A CATHOLIC EDUCATION. THE AIM HIGHER FOUNDATION HAS AWARDED MORE THAN 14,000 SCHOLARSHIPS TOTALING MORE THAN $12.8 MILLION SINCE ITS INCEPTION. WE BELIEVE THAT CATHOLIC SCHOOLS PROVIDE AN EDUCATION THAT IS SECOND TO NONE AND PROVIDES CHILDREN WITH THE TOOLS TO AIM HIGHER.
Expenses $2,450,440 · Grants $2,318,360
As filed on the 2022 return.
Listed in Part VII
-
Donal MulliganDONAL MULLIGAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Mary SchaffnerMARY SCHAFFNER
VICE CHAIR AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Father John UbelFATHER JOHN UBEL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Aida SchaeferAIDA SCHAEFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Barry LieskeBARRY LIESKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Father Chris CollinsFATHER CHRIS COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jackie DaylorJACKIE DAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff CachatJEFF CACHAT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe DonnellyJOE DONNELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen RauenhorstKAREN RAUENHORST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Margaret RequetMARGARET REQUET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul HerroPAUL HERRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah SchumacherSARAH SCHUMACHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Yen FasanoYEN FASANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jean HoughtonJEAN HOUGHTON
FORMER PRESIDENT
- Total calculated
- $137,868
- From this org
- $137,868
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Richard R Austin IIIRICHARD R AUSTIN III
PRESIDENT
- Total calculated
- $120,232
- From this org
- $120,232
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
SEE ATTACHED SCHEDULE
$2,318,360
TUITION SCHOLARSHIP FOR PRIVATE CATHOLIC EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349309918
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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