Nonprofit · EIN 46-3935682
AIM HIGHER FOUNDATION
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,445,656 | $3,825,869 | -$380,213 | $5,537,980 | $3,260,412 | $2,277,568 |
| June 30, 2024 | 990 | $2,308,093 | $3,338,691 | -$1,030,598 | $5,490,835 | $2,899,942 | $2,590,893 |
| June 30, 2023 | 990 | $2,095,192 | $2,991,736 | -$896,544 | $6,203,962 | $2,678,739 | $3,525,223 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,386,268
- Program service revenue
- $0
- Investment income
- $209,374
- Net gain from sales of assets
- $56,238
- Net income from fundraising events
- -$153,590
- Other revenue
- -$149,986
Expenses
- Grants and similar amounts paid
- $2,892,360
- Compensation of officers, directors and key employees
- $177,116
- Other salaries and wages
- $397,094
- Salaries, compensation and benefits (total)
- $662,372
- Professional fundraising fees
- $0
- Accounting fees
- $53,509
- Occupancy
- $40,938
- Travel
- $260
- Depreciation
- $534
- Program services (functional)
- $3,116,836
- Management and general (functional)
- $278,372
- Fundraising (functional)
- $430,661
Balance sheet and other
- Total assets, start of year
- $5,490,835
- Total assets, end of year
- $5,537,980
- Total liabilities, end of year
- $3,260,412
- Net assets, end of year
- $2,277,568
- Land, buildings and equipment
- $1,291
- Publicly traded securities
- $3,307,079
- Net assets without donor restrictions
- $305,292
- Net assets with donor restrictions
- $1,972,276
- Gross receipts
- $3,651,701
- Employees
- 7
- Volunteers
- 100
- Year formed
- 2013
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD R AUSTIN III | PRESIDENT Officer | 60 | $174,753 | $3,495 |
| MARY SCHAFFNER | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JOE DONNELLY | VICE CHAIR/SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| SARAH SCHUMACHER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BRENT FREDERICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FATHER CHRIS COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON MULLIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH NEINTIMP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG SCHUMACHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACKIE DAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JANE MCDONALD BLACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF CACHAT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JULIE HURLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET REQUET | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL HERRO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE LUCKE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD R AUSTIN III | PRESIDENT Officer | 60 | $168,577 | $3,372 |
| DONAL MULLIGAN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| FATHER JOHN UBEL | FORMER TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SARAH SCHUMACHER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| MARY SCHAFFNER | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| AIDA SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARRY LIESKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENT FREDERICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FATHER CHRIS COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACKIE DAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF CACHAT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOE DONNELLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JULIE HURLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET REQUET | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL HERRO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEAN HOUGHTON | FORMER PRESIDENT Officer | 60 | $137,868 |
| RICHARD R AUSTIN III | PRESIDENT Officer | 60 | $120,232 |
| DONAL MULLIGAN | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| MARY SCHAFFNER | VICE CHAIR AND SECRETARY Trustee or director, Officer | 1 | $0 |
| FATHER JOHN UBEL | TREASURER Trustee or director, Officer | 1 | $0 |
| AIDA SCHAEFER | BOARD MEMBER Trustee or director | 3 | $0 |
| BARRY LIESKE | BOARD MEMBER Trustee or director | 1 | $0 |
| FATHER CHRIS COLLINS | BOARD MEMBER Trustee or director | 1 | $0 |
| JACKIE DAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF CACHAT | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE DONNELLY | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN RAUENHORST | BOARD MEMBER Trustee or director | 1 | $0 |
| MARGARET REQUET | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL HERRO | BOARD MEMBER Trustee or director | 1 | $0 |
| SARAH SCHUMACHER | BOARD MEMBER Trustee or director | 1 | $0 |
| YEN FASANO | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2610 UNIVERSITY AVE W STE 525, SAINT PAUL, MN 55114-1043
- In care of
- % JEAN HOUGHTON
- Principal officer (990 for 2024)
- RICHARD R AUSTIN III, 2610 UNIVERSITY AVENUE WEST 525, ST PAUL, MN 55114
- Signed the 990
- RICHARD R AUSTIN III, PRESIDENT
- Phone
- (612) 819-6711
- Website
- AIMHIGHERFOUNDATION.ORG
- Return prepared by
- BOULAY PLLP
Mission
THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN
Program accomplishments
- THE AIM HIGHER FOUNDATION PROVIDES TUITION-ASSISTANCE SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN.Expenses $3,116,836 · grants $2,892,360
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3935682
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X12)
- Assets (IRS master file)
- $5,537,980
- Income (IRS master file)
- $3,651,701
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,445,656 | $3,825,869 | $5,537,980 | XML |
| 990 | June 2024 | $2,308,093 | $3,338,691 | $5,490,835 | XML |
| 990 | June 2023 | $2,095,192 | $2,991,736 | $6,203,962 | XML |
| 990 | June 2022 | $2,912,547 | $2,745,766 | $6,907,513 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3935682).
Questions about AIM HIGHER FOUNDATION
- What is the EIN of AIM HIGHER FOUNDATION?
- The employer identification number (EIN) of AIM HIGHER FOUNDATION is 46-3935682.
- Is AIM HIGHER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to AIM HIGHER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AIM HIGHER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AIM HIGHER FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AIM HIGHER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AIM HIGHER FOUNDATION?
- The 990 for the year ended June 30, 2025 names RICHARD R AUSTIN III.
- Who are the officers and directors of AIM HIGHER FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $174,753 (RICHARD R AUSTIN III, PRESIDENT).
- How much revenue does AIM HIGHER FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,445,656, expenses of $3,825,869 and total assets of $5,537,980 at year end.
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