2024-05-15T13:30:56-05:00 2023-06-30 410887288 BOULAY PLLP 11095 VIKING DRIVE-STE 500 MINNEAPOLIS MN 55344 990 2022-07-01 463935682 AIM HIGHER FOUNDATION AIMH 6128196711 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 RICHARD R AUSTIN III PRESIDENT 6128196711 2024-05-13 RICHARD AUSTIN III 999009999 1 DANIEL R MARKOWITZ P01881766 9528939320 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD R AUSTIN III 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 2206718 0 X AIMHIGHERFOUNDATION.ORG X 2013 MN THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN 12 12 5 55 0 0 2837815 2081976 0 0 84049 84626 -9317 -71410 2912547 2095192 2121360 2318360 0 0 446166 451828 0 0 227443 178240 221548 2745766 2991736 166781 -896544 6907513 6203962 2452409 2678739 4455104 3525223 THE AIM HIGHER FOUNDATION (AHF) PROVIDES SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN 0 0 2450440 2318360 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. 2450440 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MN X X X RICHARD R AUSTIN III 6128196711 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 DONAL MULLIGAN BOARD CHAIR 5.00 X X 0 0 0 MARY SCHAFFNER VICE CHAIR AND SECRETARY 1.00 X X 0 0 0 FATHER JOHN UBEL TREASURER 1.00 X X 0 0 0 AIDA SCHAEFER BOARD MEMBER 3.00 X 0 0 0 BARRY LIESKE BOARD MEMBER 1.00 X 0 0 0 FATHER CHRIS COLLINS BOARD MEMBER 1.00 X 0 0 0 JACKIE DAYLOR BOARD MEMBER 1.00 X 0 0 0 JEFF CACHAT BOARD MEMBER 1.00 X 0 0 0 JOE DONNELLY BOARD MEMBER 1.00 X 0 0 0 KAREN RAUENHORST BOARD MEMBER 1.00 X 0 0 0 MARGARET REQUET BOARD MEMBER 1.00 X 0 0 0 PAUL HERRO BOARD MEMBER 1.00 X 0 0 0 SARAH SCHUMACHER BOARD MEMBER 1.00 X 0 0 0 YEN FASANO BOARD MEMBER 1.00 X 0 0 0 JEAN HOUGHTON FORMER PRESIDENT 60.00 X 137868 0 0 RICHARD R AUSTIN III PRESIDENT 60.00 X 120232 0 0 258100 0 0 2 0 0 0 0 634570 1447406 20132 2081976 73817 73817 10809 0 10809 10809 10809 40116 634570 111526 -71410 -71410 2095192 0 0 13216 2318360 2318360 183894 53347 50625 79922 216206 38494 100087 77625 19909 4407 8170 7332 31819 7364 11716 12739 44443 44443 12030 12030 55165 9425 28678 17062 19148 4865 5649 8634 17888 1310 14421 2157 8327 1991 3031 3305 36363 7533 14950 13880 742 742 619 619 1535 378 462 695 2784 2784 SUPPLIES AND EQUIPMENT 11386 2966 4328 4092 EVENT EXPENSE 11118 11118 2991736 2450440 313853 227443 960554 1106244 99566 0 3228943 2017033 11465 8473 13617 11060 4092 2557 2602893 3015956 0 53699 6907513 6203962 13013 28028 2438473 2599480 923 51231 2452409 2678739 X 576176 607914 3878928 2917309 4455104 3525223 6907513 6203962 X -896544 68163 -101500 X X 0 1 X 1 0 X 2043702 7239014 2372222 2837815 2081976 16574729 2043702 7239014 2372222 2837815 2081976 16574729 2922514 13652215 5538 14342 7817 31837 73817 133351 16708080 297024 0.81710 0.80890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 734796 100000 72703 27000 6191 874308 825069 -60028 23600 6645 734796 644998 193326 10400 5855 825069 120746 525000 245 993 644998 86804 28700 6072 830 120746 1.00000 1 0 1202 1202 0 12415 9858 2557 2557 CURRENT MATURITIES OF OPERATING LEASE OBLIGATIONS 19701 LONG-TERM OPERATING LEASE OBLIGATIONS 31530 51231 X 2151325 68163 68163 2083162 12030 12030 2095192 3081206 101500 101500 2979706 12030 12030 2991736 PART IV, LINE 2B: IN 2018, THE FOUNDATION CREATED THE JOHN M. NASSEFF MEMORIAL SCHOLARSHIP PROGRAM (MEMORIAL SCHOLARSHIP PROGRAM). UNDER THE TERMS OF THE MEMORIAL SCHOLARSHIP PROGRAM, THE FOUNDATION RECEIVES A 2% ADMINISTRATIVE FEE OF ALL FUNDS RECEIVED, AND THE REMAINING NET FUNDS ARE THEN ALLOCATED 10% TO AIM HIGHER STUDENT SCHOLARSHIPS AT ST. PAUL SCHOOLS AND 90% FOR SCHOLARSHIPS AT A SPECIFIED SCHOOL. THE FOUNDATION RECOGNIZES THE 2% ADMINISTRATIVE FEE AS SERVICE REVENUE, THE 10% ALLOCATED FUNDS AS AIM HIGHER CONTRIBUTIONS RECEIVED WITH DONOR RESTRICTIONS FOR ST. PAUL SCHOOLS, AND THE 90% ALLOCATED FUNDS THAT ARE DESIGNATED FOR SCHOLARSHIPS AT THE SPECIFIED SCHOOL ARE CONSIDERED AGENCY-TYPE FUNDS. THE AGENCY-TYPE FUNDS ARE NOT RECOGNIZED AS THE FOUNDATION'S CONTRIBUTION REVENUE BUT ARE RATHER RECORDED AS A LIABILITY (THE "MEMORIAL SCHOLARSHIP PROGRAM, DESIGNATED SCHOLARSHIPS") UNTIL THEY ARE PAID. THE ENDING VALUE OF THESE AGENCY-TYPE FUNDS FOR THE FISCAL YEAR WAS $249,480. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS FOR THE CATHOLIC COMMUNITY FOUNDATION TO COLLECT, INVEST, MANAGE AND MAKE DISTRIBUTIONS FROM THE FUND TO SUPPORT THE GENERAL CHARITABLE PURPOSES OF THE AIM HIGHER FOUNDATION. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ENTITY AND, THEREFORE, EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. THE FOUNDATION FOLLOWS GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS EVALUATED WHETHER THEY HAVE ANY SIGNIFICANT UNCERTAINTIES THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE. PRIMARILY DUE TO THE EXEMPT STATUS, THE FOUNDATION DOES NOT HAVE ANY SIGNIFICANT TAX UNCERTAINTIES THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS FOR YEARS BEFORE FISCAL 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 101,500. NIGHT OF LIGHT 674686 634570 40116 56015 55511 674686 634570 40116 56015 55511 111526 -71410 1 SEE ATTACHED SCHEDULE 2318360 0 TUITION SCHOLARSHIP FOR PRIVATE CATHOLIC EDUCATION PART I, LINE 2: GRANTS ARE MONITORED THROUGH TRACKING DATA FOR EACH DESIGNATED SCHOLARSHIP RECIPIENT. ENROLLMENT AND FINANCIAL NEED ARE VALIDATED BY GRANTEE SCHOOLS. OVERALL RETENTION OF STUDENTS RECEIVING SCHOLARSHIP GRANTS IS ALSO MONITORED. PART II, LINE 1A THROUGH 1H ALL SAINTS CATHOLIC SCHOOL (LAKEVILLE, MN) MN 41-0705872 $16,000.00 ANNUNCIATION SCHOOL (MINNEAPOLIS, MN) 509 WEST 54TH STREET MINNEAPOLIS MN 55419 41-0721671 $18,000.00 ASCENSION SCHOOL (MINNEAPOLIS, MN) 1726 DUPONT AVENUE NORTH MINNEAPOLIS MN 55411 41-0705767 $72,000.00 AVE MARIA ACADEMY (MAPLE GROVE, MN) 7000 JEWEL LANE NORTH MAPLE GROVE MN 55311 41-1871572 $13,000.00 BENILDE-ST. MARGARET'S SCHOOL (ST. LOUIS PARK, MN) 2501 MN-100, ST LOUIS PARK MN 55416 41-1240936 $2,000.00 BETHLEHEM ACADEMY (FARIBAULT, MN) 105 3RD AVE SW FARIBAULT MN 55021 41-1794765 $14,000.00 BLESSED TRINITY CATHOLIC SCHOOL (RICHFIELD, MN) 6730 NICOLLET AVENUE SOUTH RICHFIELD MN 55423 41-1787370 $89,000.00 CARONDELET CATHOLIC SCHOOL (MINNEAPOLIS, MN) 3210 WEST 51ST STREET MINNEAPOLIS MN 55410 41-1783087 $8,000.00 COMMUNITY OF SAINTS REGIONAL SCHOOL (WEST ST. PAUL, MN) 335 HURLEY AVENUE EAST WEST ST. PAUL MN 55118 45-4804818 $64,000.00 DIVINE MERCY (FARIBAULT, MN) 15 SW 3RD AVE FARIBAULT MN 55021 41-0954118 $40,000.00 EPIPHANY CATHOLIC SCHOOL (COON RAPIDS, MN) 11001 HANSON BLVD. COON RAPIDS MN 55433 41-0880245 $26,000.00 FAITHFUL SHEPHERD CATHOLIC SCHOOL (EAGAN, MN) 3355 COLUMBIA DRIVE EAGAN MN 55121 41-1880757 $9,000.00 FRASSATI CATHOLIC ACADEMY (WHITE BEAR LAKE, MN) 4690 BALD EAGLE AVE WHITE BEAR LAKE MN 55110-3441 46-3494121 $21,000.00 GOOD SHEPHERD SCHOOL (GOLDEN VALLEY, MN) 1527, 145 JERSEY AVE S GOLDEN VALLEY MN 55426 41-0830321 $9,000.00 HIGHLAND CATHOLIC SCHOOL (SAINT PAUL, MN) 2017 BOHLAND AVE. ST. PAUL MN 55116 41-0972541 $27,000.00 HILL-MURRAY SCHOOL (MAPLEWOOD, MN) 2625 LARPENTEUR AVE E MAPLEWOOD MN 55109 41-0829754 $4,000.00 HOLY CROSS CATHOLIC SCHOOL (WEBSTER, MN) 6100 37TH STREET W WEBSTER MN 55088 41-0954737 $15,000.00 HOLY FAMILY ACADEMY (ST. LOUIS PARK, MN) 5925 W. LAKE ST. ST. LOUIS PARK MN 55416 41-0804986 $18,000.00 HOLY NAME OF JESUS SCHOOL (WAYZATA, MN) 155 COUNTY RD 24 WAYZATA MN 55391-9614 41-0845399 $10,000.00 HOLY SPIRIT ELEMENTARY SCHOOL (SAINT PAUL, MN) 515 S. ALBERT ST. ST. PAUL MN 55116 41-0705768 $29,000.00 HOLY TRINITY SCHOOL (SOUTH SAINT PAUL, MN) 745 - 6TH AVENUE SOUTH SOUTH ST. PAUL MN 55075-3034 41-0734737 $11,000.00 IMMACULATE CONCEPTION SCHOOL (COLUMBIA HEIGHTS, MN) 4030 JACKSON ST NE COLUMBIA HEIGHTS MN 55421 41-0703859 $92,000.00 MARY QUEEN OF PEACE (ROGERS, MN) 21201 CHURCH AVENUE ROGERS MN 55374 41-0737230 $9,000.00 MATERNITY OF MARY - SAINT ANDREW SCHOOL (ST. PAUL, MN) 592 ARLINGTON AVENUE WEST ST. PAUL MN 55117 41-1654467 $29,000.00 MOST HOLY REDEEMER SCHOOL (MONTGOMERY, MN) 205 VINE AVENUE WEST MONTGOMERY MN 56069 41-0747173 $5,000.00 NATIVITY OF MARY SCHOOL (BLOOMINGTON, MN) 9901 E. BLOOMINGTON FRWY. BLOOMINGTON MN 55420 41-0735359 $42,000.00 NATIVITY OF OUR LORD SCHOOL (SAINT PAUL, MN) 1900 STANFORD AVENUE ST. PAUL MN 55105 41-0693956 $18,000.00 NOTRE DAME ACADEMY (MINNETONKA, MN) 13505 EXCELSIOR BLVD MINNETONKA MN 55345 46-1333219 $25,000.00 OUR LADY OF GRACE CATHOLIC SCHOOL (EDINA, MN) 13505 EXCELSIOR BLVD MINNETONKA MN 55345 46-1333219 $5,000.00 OUR LADY OF PEACE SCHOOL (MINNEAPOLIS, MN) 5435 11TH AVENUE SOUTH MINNEAPOLIS MN 55417 41-1697034 $20,000.00 OUR LADY OF THE LAKE CATHOLIC SCHOOL (MOUND, MN) 2411 COMMERCE BLVD. MOUND MN 55364 41-0718339 $16,000.00 OUR LADY OF THE PRAIRIE (BELLE PLAINE, MN) 200 EAST CHURCH STREET BELLE PLAINE MN 56011 41-6027712 $7,000.00 PRESENTATION OF THE BLESSED VIRGIN MARY SCHOOL (MAPLEWOOD, MN) 1695 KENNARD ST. MAPLEWOOD MN 55109 41-0789390 $44,000.00 PROVIDENCE ACADEMY (PLYMOUTH, MN) 15100 SCHMIDT LAKE ROAD PLYMOUTH MN 55446 41-1883866 $27,000.00 RISEN CHRIST SCHOOL (MINNEAPOLIS, MN) 1120 EAST 37TH STREET MINNEAPOLIS MN 55407 41-1748146 $153,000.00 SACRED HEART CATHOLIC SCHOOL (ROBBINSDALE, MN) 4050 HUBBARD AVE N ROBBINSDALE MN 55422 41-0834785 $26,000.00 SAINT AGNES SCHOOL (SAINT PAUL, MN) 530 LAFOND AVENUE ST. PAUL MN 55103 41-0694737 $54,000.00 SAINT AMBROSE OF WOODBURY (WOODBURY, MN) 4125 WOODBURY DR. WOODBURY MN 55129 41-1905541 $18,000.00 SAINT JOHN PAUL II PREPARATORY (MINNEAPOLIS, MN) 1630 NE 4TH STREET MINNEAPOLIS MN 55413 41-0953697 $71,000.00 SAINT JOHN SCHOOL OF LITTLE CANADA (LITTLE CANADA, MN) 2621 MCMENEMY ROAD LITTLE CANADA MN 55117 41-0781158 $34,000.00 SAINT PETER CLAVER SCHOOL (SAINT PAUL, MN) 1060 WEST CENTRAL AVENUE ST. PAUL MN 55104 41-0824943 $48,000.00 SAINT ROSE OF LIMA SCHOOL (ROSEVILLE, MN) 2072 N. HAMLINE AVE. ROSEVILLE MN 55113 41-0790158 $16,000.00 SHAKOPEE AREA CATHOLIC SCHOOL (SHAKOPEE, MN) 2700 - 17TH AVE. E. SHAKOPEE MN 55379 41-0961357 $50,000.00 ST. ALPHONSUS SCHOOL (BROOKLYN CENTER, MN) 7031 HALIFAX AVENUE NORTH BROOKLYN CENTER MN 55429 41-0846441 $36,000.00 ST. ANNE'S SCHOOL (LE SUEUR, MN) 511 4TH STREET NO. LE SUEUR MN 56058 41-0724077 $7,000.00 ST. BARTHOLOMEW CATHOLIC SCHOOL (WAYZATA, MN) 630 WAYZATA BLVD. E. WAYZATA MN 55391 41-0711478 $7,000.00 ST. CHARLES BORROMEO SCHOOL (ST. ANTHONY, MN) 2727 STINSON BLVD NE ST. ANTHONY MN 55418 41-0706912 $27,000.00 ST. CROIX CATHOLIC SCHOOL (STILLWATER, MN) 621 THIRD STREET SOUTH STILLWATER MN 55082 41-1731931 $24,000.00 ST. DOMINIC ELEMENTARY SCHOOL (NORTHFIELD, MN) 216 NORTH SPRING STREET NORTHFIELD MN 55057 41-0711501 $21,000.00 ST. ELIZABETH ANN SETON SCHOOL (HASTINGS, MN) 600 TYLER STREET HASTINGS MN 55033 41-1587210 $14,000.00 ST. FRANCIS XAVIER SCHOOL (BUFFALO, MN) 219 19TH STREET NW BUFFALO MN 55313 41-0737223 $24,000.00 ST. HELENA SCHOOL (MINNEAPOLIS, MN) 3200 E. 44TH STREET MINNEAPOLIS MN 55406 42-0718330 $43,000.00 ST. HUBERT SCHOOL (CHANHASSEN, MN) 8201 MAIN ST CHANHASSEN MN 55317-9734 41-0789368 $16,000.00 ST. JEROME SCHOOL (MAPLEWOOD, MN) 384 ROSELAWN AVENUE EAST MAPLEWOOD MN 55117 41-0773779 $98,000.00 ST. JOHN THE BAPTIST CATHOLIC MONTESSORI SCHOOL (EXCELSIOR, MN) 638 MILL STREET EXCELSIOR MN 55331 41-0721661 $9,000.00 ST. JOHN THE BAPTIST CATHOLIC SCHOOL (SAVAGE, MN) 12508 LYNN AVENUE SOUTH SAVAGE MN 55378-1450 41-0791350 $28,000.00 ST. JOHN THE BAPTIST SCHOOL (VERMILLION, MN) 215 BROADWAY STREET NORTH JORDAN MN 55352 41-0713019 $9,000.00 ST. JOHN THE BAPTIST SCHOOL (NEW BRIGHTON, MN) 845 - 2ND AVENUE NW NEW BRIGHTON MN 55112 41-0732798 $24,000.00 ST. JOHN THE BAPTIST SCHOOL (JORDAN, MN) 12508 LYNN AVENUE SOUTH SAVAGE MN 55378-1450 41-0791350 $13,000.00 ST. JOSEPH SCHOOL (WACONIA, MN) 13900 BISCAYNE AVE W ROSEMOUNT MN 55068-4934 41-0727039 $22,000.00 ST. JOSEPH SCHOOL (ROSEMOUNT, MN) 13900 BISCAYNE AVE W ROSEMOUNT MN 55068-4934 41-0727039 $20,000.00 ST. JOSEPH'S SCHOOL AND PRESCHOOL (WEST ST. PAUL, MN) 1138 SEMINOLE AVENUE WEST ST. PAUL MN 55118 41-0705875 $36,000.00 ST. JUDE OF THE LAKE CATHOLIC SCHOOL (MAHTOMEDI, MN) 600 MAHTOMEDI AVE MAHTOMEDI MN 55115 41-0764101 $26,000.00 ST. MAXIMILIAN KOLBE CATHOLIC SCHOOL (DELANO, MN) 235 SOUTH 2ND STREET DELANO MN 55328 41-0726145 $9,000.00 ST. MICHAEL CATHOLIC SCHOOL (SAINT MICHAEL, MN) 14 MAIN STREET NORTH ST. MICHAEL MN 55376 41-0707799 $29,000.00 ST. MICHAEL SCHOOL (PRIOR LAKE, MN) 16280 DULUTH AVE PRIOR LAKE MN 55372-9263 41-0826790 $11,000.00 ST. ODILIA SCHOOL (SHOREVIEW, MN) 3495 N. VICTORIA SHOREVIEW MN 55126 41-0837655 $18,000.00 ST. PASCAL REGIONAL CATHOLIC SCHOOL (ST. PAUL, MN) 1757 CONWAY STREET ST. PAUL MN 55106 41-0704479 $49,000.00 ST. PETER SCHOOL (NORTH SAINT PAUL, MN) 2620 MARGARET ST N NORTH ST. PAUL MN 55109 41-0830644 $49,000.00 ST. PETER'S CATHOLIC SCHOOL (FOREST LAKE, MN) 1250 SOUTH SHORE DRIVE FOREST LAKE MN 55025 41-0799304 $30,000.00 ST. RAPHAEL SCHOOL (CRYSTAL, MN) 7301 BASS LAKE RD. CRYSTAL MN 55428 41-0729961 $55,000.00 ST. STEPHEN'S CATHOLIC SCHOOL (ANOKA, MN) 506 JACKSON STREET ANOKA MN 55303 41-0713861 $17,000.00 ST. THERESE CATHOLIC SCHOOL & EARLY LEARNING CENTER (DEEPHAVEN, MN) 18325 MINNETONKA BLVD. DEEPHAVEN MN 55391 41-0790147 $10,000.00 ST. THOMAS ACADEMY (MENDOTA HEIGHTS, MN) 949 MENDOATA HEIGHTS ROAD MENDOTA HEIGHTS MN 55120 41-6045110 $2,000.00 ST. THOMAS MORE (SAINT PAUL, MN) 1065 SUMMIT AVENUE ST. PAUL MN 55105 41-1691889 $27,000.00 ST. TIMOTHY SCHOOL (MAPLE LAKE, MN) 241 STAR STREET E MAPLE LAKE MN 55358-0281 41-0727399 $25,000.00 ST. VINCENT DE PAUL (BROOKLYN PARK, MN) 9050 93RD AVE. N. BROOKLYN PARK MN 55445 41-0849303 $21,000.00 ST. WENCESLAUS SCHOOL (NEW PRAGUE, MN) 227 EAST MAIN STREET NEW PRAGUE MN 56071 41-0695519 $22,000.00 THE VISITATION SCHOOL (MENDOTA HEIGHTS, MN) 2455 VISITATION DRIVE MENDOTA HEIGHTS MN 55120 41-0693957 $18,000.00 TRANSFIGURATION CATHOLIC SCHOOL (OAKDALE, MN) 6135 15TH ST N OAKDALE MN 55128 41-0797343 $25,000.00 WAY OF THE SHEPHERD SCHOOL (BLAINE, MN) 13200 CENTRAL AVE NORTHEAST BLAINE MN 55434 41-1916137 $13,000.00 RESERVE FUND TIMING DIFFERENCE $60,360.00 FORM 990, PART VI, SECTION A, LINE 7A ADDITIONAL BOARD MEMBERS ARE ELECTED BY THE AFFIRMATIVE VOTE OF THE MAJORITY OF EXISTING BOARD MEMBERS PRESENT AT A DULY HELD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM. THE FINANCE COMMITTEE AND BOARD CHAIR REVIEW THE DRAFT AHEAD OF FILING. A FINAL DRAFT IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE SUBMITTED ON AN ANNUAL BASIS. THE GOVERNANCE COMMITTEE REVIEWS THE CONFLICTS OF INTEREST FOR EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BY RESEARCH AND DISCUSSION OF COMPARABILITY DATA. THE ORGANIZATION DOES NOT HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES THAT ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 18 THE STATE OF MINNESOTA, OFFICE OF THE ATTORNEY GENERAL. FORM 990, PART VI, SECTION C, LINE 19 AIM HIGHER FOUNDATION MAKES ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -101,500. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.