Aim Higher Foundation

Organization Overview

Aim Higher Foundation is located in St Paul, MN. The organization was established in 2014. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Aim Higher Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aim Higher Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Aim Higher Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $2.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO CHILDREN IN THE ARCHDIOCESE OF ST. PAUL AND MINNEAPOLIS FOR TUITION ASSISTANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 CLOSE TO $11 MILLION IN SCHOLARSHIPS 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.


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Board, Officers & Key Employees

Name (title)Compensation
Jean Houghton
President
$186,737
Aida Schaefer
Treasurer
$0
Sarah Schumacher
Board Chair
$0
Donal Mulligan
Vice Chair
$0
Philip Paquette
Board Member
$0
Samuel Salas
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$153,000
Related organizations$0
Government grants $4,000
All other contributions, gifts, grants, and similar amounts not included above$2,215,222
Noncash contributions included in lines 1a–1f $10,467
Total Revenue from Contributions, Gifts, Grants & Similar$2,372,222
Total Program Service Revenue$0
Investment income $7,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $64,832
Net Income from Fundraising Events -$6,251
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,438,620

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Aim Higher Foundation has recieved totaling $17,500.

Awarding OrganizationAmount
Sangre De Christo Charitable Trust

Chapel Hill, NC

PURPOSE: CHARITABLE

$10,000
Battenkill Foundation

Chapel Hill, NC

PURPOSE: GENERAL SUPPORT

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$644,998
Earnings$196,326
Admin Expense$5,855
Grants$10,400
Ending Balance$825,069

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