2022-04-08T18:18:37-05:00 2021-08-31 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2020-09-01 943296338 AIM HIGH FOR HIGH SCHOOL AIMH 4155512301 2030 HARRISON STREET SAN FRANCISCO CA 94110 JULIA CHIH CEO 4155512301 2022-04-08 1 JULIA CHIH 999009999 ROGER BULOSAN P00221282 4154326200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AIM HIGH JULIA CHIH 2030 HARRISON STREET SAN FRANCISCO CA 94110 8753069 0 X WWW.AIMHIGH.ORG X 1986 CA TO PROVIDE EDUCATIONAL SERVICES THROUGH THE OPERATION OF AIM HIGH FOR HIGH SCHOOL (AIM HIGH). 27 26 140 55 0 0 6051618 8273012 0 0 143002 248376 57462 21414 6252082 8542802 0 0 0 0 3328382 4197600 0 0 997702 873672 1462454 4202054 5660054 2050028 2882748 12918380 16769829 643315 144423 12275065 16625406 X OUR MISSION AT AIM HIGH IS TO CREATE LIFE-CHANGING OPPORTUNITIES DURING THE SUMMER AND BEYOND. OUR COMMUNITY: NURTURES THE PROMISE AND POTENTIAL OF MIDDLE SCHOOL STUDENTS FROM LOW-INCOME NEIGHBORHOODS. PREPARES STUDENTS FOR HIGH SCHOOL, SETTING THEM ON THE PATH TO COLLEGE AND FUTURE SUCCESS. INSPIRES THE NEXT GENERATION OF TEACHERS AND EDUCATIONAL LEADERS. 0 1 3777006 21414 TUITION-FREE SUMMER PROGRAM SERVING MIDDLE SCHOOL YOUTH. PROGRAM EXPENDITURES INCLUDE INSTRUCTIONAL AND STUDENT ACTIVITIES EXPENSES. FOR SUMMER 2021, THE SITES AND STUDENTS SERVED WERE AS FOLLOWS: NOVATO 92 STUDENTS, SAN RAFAEL 113 STUDENTS, CHINATOWN/NORTH BEACH 68 STUDENTS, HAIGHT/WESTERN ADDITION 119 STUDENTS, NAPA 115 STUDENTS, EXCELSIOR 124 STUDENTS, REDWOOD CITY/EAST PALO ALTO 74 STUDENTS, INGLESIDE 127 STUDENTS, UPA 88 STUDENTS, MISSION 123 STUDENTS, TAHOE/TRUCKEE 54 STUDENTS, BAYVIEW/PORTOLA 138 STUDENTS, RICHMOND 70 STUDENTS, EAST OAKLAND 60 STUDENTS, LAKE MERRITT 80 STUDENTS AND VIRTUAL PROGRAM/SANTA ROSA 16 STUDENTS, CALISTOGA 67 STUDENTS. 3777006 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KELLY ELLIS 4155512301 2030 HARRISON STREET 3RD FLOOR SAN FRANCISCO CA 94110 GLENN A SHANNON TO JUNE 2021 TRUSTEE 3.00 X 0 0 0 BRUCE WHEELER TRUSTEE 3.00 X 0 0 0 BOB FALKENBERG TRUSTEE 3.00 X 0 0 0 JAMES KALAMAS TRUSTEE 3.00 X 0 0 0 ALBERT M ADAMS TRUSTEE 3.00 X 0 0 0 BRANDON NICHOLSON TRUSTEE 3.00 X 0 0 0 JOHN HORSCH TRUSTEE 3.00 X 0 0 0 HILDY SHANDELL TRUSTEE 3.00 X 0 0 0 COURTNEY KLINGE VICE PRESIDENT 5.00 X X 0 0 0 DAVID INGRAHAM VICE PRESIDENT 5.00 X X 0 0 0 KRISTIN GANNON TRUSTEE 3.00 X 0 0 0 LAWRENCE K WEISS TRUSTEE 3.00 X 0 0 0 MICHAEL SHIPPEY TREASURER 3.00 X X 0 0 0 BILL MELLIN PRESIDENT 10.00 X X 0 0 0 KAYA MURRAY TRUSTEE 3.00 X 0 0 0 STEPHEN DAVENPORT TRUSTEE 3.00 X 0 0 0 SHARON ZEZIMA SECRETARY 5.00 X X 0 0 0 ROSINA TONG TRUSTEE 3.00 X 0 0 0 PAMELA MAY TRUSTEE 3.00 X 0 0 0 ANA CHOWDHURY TRUSTEE 3.00 X 0 0 0 GARY TEAGUE TO AUG 2021 TRUSTEE 3.00 X 0 0 0 HOWARD RO TO JUNE 2021 TREASURER 5.00 X X 0 0 0 SANDRA SHORENSTEIN TRUSTEE 3.00 X 0 0 0 KIRSTEN HOEFER TRUSTEE 3.00 X 0 0 0 ROHAN PALEKAR TRUSTEE 3.00 X 0 0 0 ANDREA HOWARD TRUSTEE 3.00 X 0 0 0 CHARLIE BULLOCK TRUSTEE 3.00 X 0 0 0 MAHLET GETACHEW TRUSTEE 3.00 X 0 0 0 ALEC LEE TO JAN 2022 EXECUTIVE DIRECTOR 40.00 X 178766 0 42000 MATT RENO VP OF PEOPLE & OPERATIONS 40.00 X 159950 0 12000 MIKE ABBOTT TO APRIL 2021 DIRECTOR OF FINANCE 40.00 X 127418 0 21000 STACEY LEWIS VP OF DEVELOPMENT 40.00 X 153712 0 30000 MICHELLE CAPOBRES VICE PRESIDENT OF STRATEGY AND LEARNING 40.00 X 125747 0 20000 745593 0 125000 5 0 1 0 0 1677174 6595838 8273012 248376 248376 21180 0 21180 21180 21180 210267 210267 0 0 OTHER 900003 234 234 234 8542802 21414 0 248376 443334 302030 57726 83578 3132579 2134134 407887 590558 119586 81470 15571 22545 213360 145356 27781 40223 288741 196711 37596 54434 200186 29838 136496 33852 152005 98492 18534 34979 139446 95454 7890 36102 80441 6244 31102 43095 237052 181395 22737 32920 4148 3171 426 551 86928 86928 47784 32620 6195 8969 MATERIALS AND SUPPLIES 467986 452496 11140 4350 FOOD 22240 17170 4891 179 24238 425 12446 11367 5660054 3777006 885346 997702 4096448 3725316 1604000 2691628 313557 299064 101421 14493 7061392 10331932 55119 6460 12918380 16769829 197225 144423 446090 643315 144423 X 10520033 13496787 1755032 3128619 12275065 16625406 12918380 16769829 X 2882748 1021503 446090 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6066168 816000 1264353 8146521 5361845 704320 6066165 5044750 317093 5361843 0.90000 0.10000 0 0 313557 299064 14493 14493 X 10056185 1021503 45790 446090 1513383 8542802 0 8542802 5705844 45790 45790 5660054 0 5660054 PART V, LINE 4: INTERPRETATION OF RELEVANT LAW AIM HIGH'S ENDOWMENT CONSISTS OF ONE BOARD DESIGNATED FUND ESTABLISHED FOR THE LONG-TERM FINANCIAL BENEFIT OF AIM HIGH AND ITS EDUCATIONAL GOALS AND OBJECTIVES BY PROVIDING ANNUAL SUPPORT TO AIM HIGH AND A NEWLY CREATED PERMANENTLY RESTRICTED FUND NAMED ALEC LEE FUND FOR ASPIRING TEACHERS. DISTRIBUTIONS FROM THIS FUND WILL SUPPORT ASPIRING EDUCATORS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THESE FUNDS INCLUDE FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THE BOARD OF DIRECTORS HAVE INTERPRETED CALIFORNIA'S ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, AIM HIGH CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE ENDOWMENT FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS IN NET ASSETS WITH DONOR RESTRICTIONS IS CLASSIFIED AS EXPENDABLE NET ASSETS WITH RESTRICTIONS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY AIM HIGH IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, AIM HIGH CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSES OF AIM HIGH AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF AIM HIGH (7) THE INVESTMENT POLICIES OF AIM HIGH RETURN OBJECTIVES AND RISK PARAMETERS AIM HIGH HAS ADOPTED INVESTMENT AND SPENDING POLICIES TO OBTAIN A LONG-TERM INVESTMENT RETURN AT LEAST EQUAL TO THE ENDOWMENT'S SPENDING RATE PLUS THE RATE OF INFLATION, THEREBY PRESERVING THE REAL MARKET VALUE OF THE ENDOWMENT OVER TIME. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. INVESTMENT WILL BE MADE TO TARGET A MIX OF ASSET CLASSES INCLUDING EQUITY, DEBT, AND OTHERS WITH DISTINCT RISK CHARACTERISTICS TO PROVIDE BROAD DIVERSIFICATION AND TO NOT EXPOSE THE ENDOWMENT TO UNACCEPTABLE LEVELS OF RISK. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES ENDOWMENT ASSETS ARE TO BE INVESTED IN A DIVERSE PORTFOLIO THAT INCLUDES COMMON STOCKS, PREFERRED STOCKS, DEBT OBLIGATIONS, COMMINGLED VEHICLES, AND CASH. MUTUAL FUNDS AND EXCHANGE-TRADED FUNDS COMPRISED OF THESE INVESTMENTS ARE ALSO PERMITTED. NO MORE THAN 5% OF THE ENDOWMENT MARKET VALUE IS TO BE INVESTED IN THE SECURITIES OF A SINGLE ISSUER WITH THE EXCEPTION OF MUTUAL FUNDS AND EXCHANGE TRADED FUNDS. SPENDING POLICY AND INVESTMENT OBJECTIVES SUBJECT TO THE BOARD'S DISCRETION, THE ENDOWMENT POLICY PROVIDES THAT DISTRIBUTIONS TO THE GENERAL OPERATING FUND FOR THE NEXT YEAR ARE EQUAL TO 70% OF THE CURRENT YEAR DISTRIBUTIONS ADJUSTED BY THE INFLATION RATE PLUS 1.2% OF THE ENDOWMENT'S MARKET VALUE. FOR THE YEAR ENDED AUGUST 31, 2021, THE BOARD DECIDED NOT TO MAKE A DISTRIBUTION. PART X, LINE 2: AIM HIGH IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, IT IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF AIM HIGH HAS TAKEN AN UNCERTAIN POSITION THAT IS MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE AIM HIGH'S TAX POSITIONS AND CONCLUDED THAT IT MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AIM HIGH'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES; HOWEVER, THERE ARE NO EXAMINATIONS IN PROGRESS NOR ARE THERE ANY PENDING. PART XI, LINE 2D - OTHER ADJUSTMENTS: PPP LOAN FORGIVEN 446,090. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE RACIAL NONDISCRIMINATORY POLICY IS PRINTED IN ALL OF THE ORGANIZATION'S PUBLISHED MATERIALS. IT WAS ALSO PUBLISHED ON SEPTEMBER 12, 2020 IN THE PUBLIC NOTICE SECTION OF THE SAN FRANCISCO CHRONICLE, A GENERAL CIRCULATION PUBLICATION. X X X X 0 0 0 0 0 0 0 0 0 ALEC LEE TO JAN 2022 EXECUTIVE DIRECTOR 178766 0 0 0 0 0 9800 0 32200 0 220766 0 0 0 STACEY LEWIS VP OF DEVELOPMENT 153712 0 0 0 0 0 8300 0 21700 0 183712 0 0 0 MATT RENO VP OF PEOPLE & OPERATIONS 159950 0 0 0 0 0 8400 0 3600 0 171950 0 0 0 LAWRENCE K WEISS MR. WEISS IS A BOARD MEMBER MR. WEISS SUBLEASES A PORTION OF AIM HIGH'S ADMINISTRATIVE OFFICE SPACE. THE BOARD MEMBER'S LEASE IS AT A MONTHLY AMOUNT OF $500. 0 FORM 990, PART III, LINE 3 THE PROGRAM CHANGED TO REMOTE LEARNING DUE TO COVID-19. THE PROGRAM WILL MOVE BACK TO IN-PERSON WHEN IT IS DEEMED SAFE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR, BOARD PRESIDENT, TREASURER, AND MEMBERS OF THE AUDIT COMMITTEE FOR APPROVAL BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST IS BROUGHT UP REGULARLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 GUIDESTAR IS USED TO CHECK SALARIES OF COMPARABLE POSITIONS WITH COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE BY REQUEST THROUGHT THE ANNUAL REPORT, WEBSITE AND POSTING WITH CALIFORNIA DEPARTMENT OF JUSTICE. FORM 990, PART XI, LINE 9: PPP LOAN FORGIVEN 446,090. FORM 990, PART XII, LINE 2C NO CHANGE IN THE PROCESS.