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Nonprofiteer
← AIMS COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by AIMS COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,671,344
Total expenses
$612,611
Contributions and grants received
$891,555
Grants paid
$404,014
Program service revenue
$0
Investment income
$779,789
Other revenue
$0
Total assets, end of year
$11,629,207
Total liabilities, end of year
$759,444
Net assets or fund balances, end of year
$10,869,763
Program services expenses (Part IX)
$404,014
Management and general expenses
$208,597
Fundraising expenses
$0
Program service expenses (Part III)
$404,014

Program services were 65.9% 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

    $4,642

  • 1e · Government grants (contributions)

    $54,404

  • 1f · All other contributions, gifts and grants

    $832,509

  • 1g · Noncash contributions included above

    $117,798

  • 3 · Investment income

    total $215,077 · excluded $215,077

  • 7a · Gross sales of assets other than inventory

    securities $564,712

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $564,712

  • 7d · Net gain or loss

    total $564,712 · related or exempt $564,712

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $4,642

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $178,649 · program services $178,649

  • 2 · Grants to domestic individuals

    total $225,365 · program services $225,365

  • 7 · Other salaries and wages

    total $23,147 · management and general $23,147

  • 8 · Pension plan contributions

    total $4,358 · management and general $4,358

  • 9 · Other employee benefits

    total $12,652 · management and general $12,652

  • 10 · Payroll taxes

    total $2,608 · management and general $2,608

  • 11c · Fees: accounting

    total $13,800 · management and general $13,800

  • 11f · Fees: investment management

    total $55,431 · management and general $55,431

  • 11g · Fees: other

    total $30,601 · management and general $30,601

  • 12 · Advertising and promotion

    total $6,107 · management and general $6,107

  • 17 · Travel

    total $7,700 · management and general $7,700

  • 24a · Other expenses: Supplies

    total $24,433 · management and general $24,433

  • 24b · Other expenses: Official Functions

    total $18,679 · management and general $18,679

  • 24c · Other expenses: Software Maintenance/Li

    total $3,860 · management and general $3,860

  • 24d · Other expenses: Dues & Fees

    total $2,289 · management and general $2,289

  • 24e · All other expenses

    total $2,932 · management and general $2,932

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,826,849 · end of year $2,821,624

  • 3 · Pledges and grants receivable

    beginning of year $135,018 · end of year $124,676

  • 4 · Accounts receivable

    beginning of year $17,930 · end of year $20,878

  • 9 · Prepaid expenses and deferred charges

    end of year $32,669

  • 11 · Investments: publicly traded securities

    beginning of year $6,088,365 · end of year $6,616,966

  • 15 · Other assets

    beginning of year $1,929,829 · end of year $2,012,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,897 · end of year $2,290

  • 19 · Deferred revenue

    end of year $65,125

  • 25 · Other liabilities

    beginning of year $315,145 · end of year $692,029

  • 27 · Net assets without donor restrictions

    beginning of year $2,022,307 · end of year $2,296,592

  • 28 · Net assets with donor restrictions

    beginning of year $7,658,642 · end of year $8,573,171

Mission and programs · 2022

Mission

The purpose of the Aims Foundation is to endorse and support the mission of Aims Community College through the responsible and ethical solicitation, stewardship and investment of funds.

Activities or mission (Part I)

See Schedule O.The purpose of the Aims Foundation is to endorse and support the mission of Aims Community College through the responsible and ethical solicitation, stewardship and investment of funds.

  • Provide merit and need-based scholarships to qualifying students attending Aims Community College.

    Expenses $225,365 · Grants $225,365

  • Provide funding to Aims Community College internal constituents for various education programs including fire science, EMS / paramedic, intensive English and GED, Tax Help Colorado, Student Affairs and English.

    Expenses $100,756 · Grants $100,756

  • Provide in-kind resources to Aims Community College that enhance learning and the learning environment.

    Expenses $77,893 · Grants $77,893

As filed on the 2022 return.

Listed in Part VII

  • Diane Holmberg

    President

    Total calculated
    $0
    Hours/week
    1

  • Carol Hoglund

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mark Hout

    Board Liaison

    Total calculated
    $0
    Hours/week
    1

  • Gene O'Hara

    Board Liaison

    Total calculated
    $0
    Hours/week
    1

  • Nalleli Valverde

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Daly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ted Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bev Peratino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joyce Schlose

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Baker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ray Peterson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Jackson

    Executive Director

    Total calculated
    $139,458
    From this org
    $0
    From related orgs
    $105,385
    Other
    $34,073
    Hours/week
    40

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Mildred S Hansen Trust

    T · Perpetual Trust · CO · 100% owned

    Directly controlled by ACC Foundation

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349305113

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