Aim 5 Foundation
- Assets
- $690.5k
- Revenue
- $1.1m
- Investments
- $13.1k
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1248607
Organization Overview
Aim 5 Foundation is located in Topeka, KS. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aim 5 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 12/2022, Aim 5 Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Aim 5 Foundation has awarded 152 individual grants totaling $9,646,028. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Foster President | 1 | $0 | |
Jennifer Foster Treasurer/secretary | 1 | $0 | |
Derek Thompson Director | 1 | $0 | |
Rd Cogswell Executive Director | 40 | $41,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,210,652 |
| Interest on Savings | $103 |
| Dividends & Interest | $5,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$99,608 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,116,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,322 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $8,328 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $197 |
| Printing and publications | $0 |
| Other expenses | $2,025 |
| Total operating and administrative expenses | $51,873 |
| Contributions, gifts, grants paid | $981,950 |
| Total expenses and disbursements | $1,033,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,970 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $294,232 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,248 |
| Total assets | $690,542 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,921 |
| Total liabilities | $5,921 |
Grants Awarded
Over the last fiscal year, Aim 5 Foundation has awarded $981,950 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
LIFELINE CHILDRENS SERVICES INC PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $225,000 |
YOUNG LIFE PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $175,000 |
MISSION CHURCH TOPEKA PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $100,000 |
EFFECTIVE MINISTRY INC PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $62,000 |
LIFESONG FOR ORPHANS PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $50,000 |
HAYDEN HIGH SCHOOL PURPOSE: ALL GRANTS PAID WERE PAID TO THE ORGANIZATION TO SUPPORT ITS EXEMPT PURPOSE. | $125,000 |