2026-02-17T10:06:46-06:00 2025-06-30 410887288 BOULAY PLLP 11095 VIKING DRIVE-STE 500 MINNEAPOLIS MN 55344 990 2024-07-01 463935682 AIM HIGHER FOUNDATION AIMH 6128196711 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 RICHARD R AUSTIN III PRESIDENT 6128196711 2026-01-13 1 1 DANIEL R MARKOWITZ P01881766 9528939320 2026-01-12 2024 2025-03-06 01:10:19Z RICHARD R AUSTIN III 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 3651701 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 15 15 7 100 0 0 2262784 3386268 0 0 166417 209374 -121108 -149986 2308093 3445656 2522360 2892360 0 0 595146 662372 0 0 430661 221185 271137 3338691 3825869 -1030598 -380213 5490835 5537980 2899942 3260412 2590893 2277568 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 3116836 2892360 THE AIM HIGHER FOUNDATION PROVIDES TUITION-ASSISTANCE SCHOLARSHIPS TO STUDENTS FROM FAMILIES WITH DEMONSTRATED FINANCIAL NEED WHO SEEK A CATHOLIC EDUCATION FOR THEIR CHILDREN. 3116836 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X X X RICHARD R AUSTIN III 6128196711 2610 UNIVERSITY AVENUE WEST 525 ST PAUL MN 55114 MARY SCHAFFNER BOARD CHAIR 5.00 X X 0 0 0 JOE DONNELLY VICE CHAIR/SECRETARY 3.00 X X 0 0 0 SARAH SCHUMACHER TREASURER 3.00 X X 0 0 0 BRENT FREDERICK BOARD MEMBER 1.00 X 0 0 0 FATHER CHRIS COLLINS BOARD MEMBER 1.00 X 0 0 0 DON MULLIGAN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH NEINTIMP BOARD MEMBER 1.00 X 0 0 0 GREG SCHUMACHER BOARD MEMBER 1.00 X 0 0 0 JACKIE DAYLOR BOARD MEMBER 1.00 X 0 0 0 JANE MCDONALD BLACK BOARD MEMBER 1.00 X 0 0 0 JEFF CACHAT BOARD MEMBER 1.00 X 0 0 0 JULIE HURLEY 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 STEVE LUCKE BOARD MEMBER 1.00 X 0 0 0 RICHARD R AUSTIN III PRESIDENT 60.00 X 174753 0 3495 174753 0 3495 1 0 1 0 0 1184393 2201875 35761 3386268 153136 153136 56238 0 56238 56238 56238 52455 1184393 206045 -153590 -153590 MISCELLANEOUS INCOME 611710 3604 3604 3604 3445656 0 0 59388 2892360 2892360 177116 35423 37607 104086 397094 123701 92903 180490 43888 12211 9896 21781 44274 12288 10089 21897 53509 53509 15310 15310 63753 13112 13377 37264 27053 5435 5998 15620 21270 1973 6299 12998 20874 5913 4335 10626 40938 10557 9882 20499 260 260 6110 6110 534 149 119 266 3101 3101 SUPPLIES AND EQUIPMENT 11002 3714 2154 5134 EVENT EXPENSE 7423 7423 3825869 3116836 278372 430661 1275775 1168221 928023 947606 33606 22486 13617 12326 1826 1291 3217647 3307079 33958 91297 5490835 5537980 49322 28285 2802281 3140220 15000 0 33339 91907 2899942 3260412 X 762798 305292 1828095 1972276 2590893 2277568 5490835 5537980 -380213 66888 0 X X 0 1 X 1 0 X 2372222 2837815 2081976 2277784 3386268 12956065 2372222 2837815 2081976 2277784 3386268 12956065 942140 12013925 7817 31837 73817 121973 153136 388580 3604 3604 13348249 239792 0.90000 0.82550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 939522 10000 104455 31827 7848 1014302 874308 101012 28601 7197 939522 734796 100000 72703 27000 6191 874308 825069 -60028 23600 6645 734796 644998 193326 10400 5855 825069 1.00000 1 0 1202 1202 0 12415 11124 1291 1291 CURRENT MATURITIES OF OPERATING LEASE OBLIGATIONS 17775 LONG-TERM OPERATING LEASE OBLIGATIONS 74132 91907 X 3497234 66888 66888 3430346 15310 15310 3445656 3810559 0 3810559 15310 15310 3825869 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 $216,846. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO COLLECT, INVEST, MANAGE, AND MAKE DISTRIBUTIONS FROM THE FUND TO SUPPORT THE GENERAL CHARITABLE PURPOSE OF THE AIM HIGHER FOUNDATION. FUNDS ARE HELD AT CATHOLIC COMMUNITY 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 2022. NIGHT OF LIGHT 1236848 1184393 52455 127523 78522 1236848 1184393 52455 127523 78522 206045 -153590 1 SEE ATTACHED SCHEDULE 2892360 0 TUITION SCHOLARSHIP FOR PRIVATE CATHOLIC EDUCATION PART I, LINE 2: TUITION SCHOLARSHIPS ARE APPLIED TO AND AWARDED ON A PER-STUDENT BASIS, AND SCHOLAR DATA IS MONITORED FOR EACH DESIGNATED SCHOLARSHIP RECIPIENT. TADS (TUITION AID DATA SERVICES), A THIRD-PARTY VENDOR, ASSESSES THE FINANCIAL NEED OF THE STUDENT'S FAMILY. ENROLLMENT VERIFICATION OF THE GRANTEE IS THEN CONDUCTED BY THE SCHOOL TO VALIDATE THE USE OF FUNDS AT THAT SCHOOL. PART II, LINE 1A THROUGH 1H ALL SAINTS CATHOLIC SCHOOL (LAKEVILLE, MN) 0 0 MN 0 41-0705872 $23,000.00 ANNUNCIATION SCHOOL (MINNEAPOLIS, MN) 509 WEST 54TH STREET MINNEAPOLIS MN 55419 41-0721671 $17,000.00 ASCENSION SCHOOL (MINNEAPOLIS, MN) 1726 DUPONT AVENUE NORTH MINNEAPOLIS MN 55411 41-0705767 $84,000.00 AVE MARIA ACADEMY (MAPLE GROVE, MN) 7000 JEWEL LANE NORTH MAPLE GROVE MN 55311 41-1871572 $15,000.00 BENILDE-ST. MARGARET'S SCHOOL (ST. LOUIS PARK, MN) 2501 MN-100, ST LOUIS PARK MN 55416 41-1240936 $7,000.00 BETHLEHEM ACADEMY (FARIBAULT, MN) 105 3RD AVE SW FARIBAULT MN 55021 41-1794765 $24,000.00 BLESSED TRINITY CATHOLIC SCHOOL (RICHFIELD, MN) 6730 NICOLLET AVENUE SOUTH RICHFIELD MN 55423 41-1787370 $98,000.00 CARONDELET CATHOLIC SCHOOL (MINNEAPOLIS, MN) 3210 WEST 51ST STREET MINNEAPOLIS MN 55410 41-1783087 $3,000.00 COMMUNITY OF SAINTS REGIONAL SCHOOL (WEST ST. PAUL, MN) 335 HURLEY AVENUE EAST WEST ST. PAUL MN 55118 45-4804818 $80,000.00 DIVINE MERCY (FARIBAULT, MN) 15 SW 3RD AVE FARIBAULT MN 55021 41-0954118 $55,000.00 EPIPHANY CATHOLIC SCHOOL (COON RAPIDS, MN) 11001 HANSON BLVD. COON RAPIDS MN 55433 41-0880245 $41,000.00 FAITHFUL SHEPHERD CATHOLIC SCHOOL (EAGAN, MN) 3355 COLUMBIA DRIVE EAGAN MN 55121 41-1880757 $23,000.00 FRASSATI CATHOLIC ACADEMY (WHITE BEAR LAKE, MN) 4690 BALD EAGLE AVE WHITE BEAR LAKE MN 55110-3441 46-3494121 $18,000.00 GOOD SHEPHERD SCHOOL (GOLDEN VALLEY, MN) 4690 BALD EAGLE AVE WHITE BEAR LAKE MN 55110-3441 46-3494121 $10,000.00 HIGHLAND CATHOLIC SCHOOL (SAINT PAUL, MN) 2017 BOHLAND AVE. ST. PAUL MN 55116 41-0972541 $42,000.00 HILL-MURRAY SCHOOL (MAPLEWOOD, MN) 2625 LARPENTEUR AVE E MAPLEWOOD MN 55109 41-0829754 $9,000.00 HOLY CROSS CATHOLIC SCHOOL (WEBSTER, MN) 6100 37TH STREET W WEBSTER MN 55088 41-0954737 $17,000.00 HOLY FAMILY ACADEMY (ST. LOUIS PARK, MN) 5925 W. LAKE ST. ST. LOUIS PARK MN 55416 41-0804986 $23,000.00 HOLY NAME OF JESUS SCHOOL (WAYZATA, MN) 155 COUNTY RD 24 WAYZATA MN 55391-9614 41-0845399 $8,000.00 HOLY SPIRIT ELEMENTARY SCHOOL (SAINT PAUL, MN) 515 S. ALBERT ST. ST. PAUL MN 55116 41-0705768 $35,000.00 HOLY TRINITY SCHOOL (SOUTH SAINT PAUL, MN) 745 - 6TH AVENUE SOUTH SOUTH ST. PAUL MN 55075-3034 41-0734737 $24,000.00 IMMACULATE CONCEPTION SCHOOL (COLUMBIA HEIGHTS, MN) 4030 JACKSON ST NE COLUMBIA HEIGHTS MN 55421 41-0703859 $86,000.00 MARY QUEEN OF PEACE (ROGERS, MN) 21201 CHURCH AVENUE ROGERS MN 55374 41-0737230 $10,000.00 MATERNITY OF MARY - SAINT ANDREW SCHOOL (ST. PAUL, MN) 592 ARLINGTON AVENUE WEST ST. PAUL MN 55117 41-1654467 $45,000.00 MOST HOLY REDEEMER SCHOOL (MONTGOMERY, MN) 205 VINE AVENUE WEST MONTGOMERY MN 56069 41-0747173 $12,000.00 NATIVITY OF MARY SCHOOL (BLOOMINGTON, MN) 9901 E. BLOOMINGTON FRWY. BLOOMINGTON MN 55420 41-0735359 $45,000.00 NATIVITY OF OUR LORD SCHOOL (SAINT PAUL, MN) 1900 STANFORD AVENUE ST. PAUL MN 55105 41-0693956 $27,000.00 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 $9,000.00 OUR LADY OF PEACE SCHOOL (MINNEAPOLIS, MN) 5435 11TH AVENUE SOUTH MINNEAPOLIS MN 55417 41-1697034 $30,000.00 OUR LADY OF THE LAKE CATHOLIC SCHOOL (MOUND, MN) 2411 COMMERCE BLVD. MOUND MN 55364 41-0718339 $22,000.00 OUR LADY OF THE PRAIRIE (BELLE PLAINE, MN) 200 EAST CHURCH STREET BELLE PLAINE MN 56011 41-6027712 $5,000.00 PRESENTATION SCHOOL (MAPLEWOOD, MN) 1695 KENNARD ST. MAPLEWOOD MN 55109 41-0789390 $53,000.00 PROVIDENCE ACADEMY (PLYMOUTH, MN) 15100 SCHMIDT LAKE ROAD PLYMOUTH MN 55446 41-1883866 $34,000.00 RISEN CHRIST SCHOOL (MINNEAPOLIS, MN) 1120 EAST 37TH STREET MINNEAPOLIS MN 55407 41-1748146 $198,000.00 SACRED HEART CATHOLIC SCHOOL (ROBBINSDALE, MN) 4050 HUBBARD AVE N ROBBINSDALE MN 55422 41-0834785 $50,000.00 SAINT AGNES SCHOOL (SAINT PAUL, MN) 530 LAFOND AVENUE ST. PAUL MN 55103 41-0694737 $68,000.00 SAINT AMBROSE SCHOOL (WOODBURY, MN) 4125 WOODBURY DR. WOODBURY MN 55129 41-1905541 $26,000.00 SAINT JOHN PAUL II PREPARATORY (MINNEAPOLIS, MN) 1630 NE 4TH STREET MINNEAPOLIS MN 55413 41-0953697 $95,000.00 SAINT JOHN SCHOOL OF LITTLE CANADA (LITTLE CANADA, MN) 2621 MCMENEMY ROAD LITTLE CANADA MN 55117 41-0781158 $47,000.00 SAINT PETER CLAVER SCHOOL (SAINT PAUL, MN) 1060 WEST CENTRAL AVENUE ST. PAUL MN 55104 41-0824943 $61,000.00 SAINT ROSE OF LIMA SCHOOL (ROSEVILLE, MN) 2072 N. HAMLINE AVE. ROSEVILLE MN 55113 41-0790158 $19,000.00 SHAKOPEE AREA CATHOLIC SCHOOL (SHAKOPEE, MN) 2700 - 17TH AVE. E. SHAKOPEE MN 55379 41-0961357 $74,000.00 ST. ANNE'S SCHOOL (LE SUEUR, MN) 511 4TH STREET NO. LE SUEUR MN 56058 41-0724077 $8,000.00 ST. BARTHOLOMEW CATHOLIC SCHOOL (WAYZATA, MN) 630 WAYZATA BLVD. E. WAYZATA MN 55391 41-0711478 $8,000.00 ST. CHARLES BORROMEO SCHOOL (ST. ANTHONY, MN) 2727 STINSON BLVD NE ST. ANTHONY MN 55418 41-0706912 $39,000.00 ST. CROIX CATHOLIC SCHOOL (STILLWATER, MN) 621 THIRD STREET SOUTH STILLWATER MN 55082 41-1731931 $39,000.00 ST. DOMINIC ELEMENTARY SCHOOL (NORTHFIELD, MN) 216 NORTH SPRING STREET NORTHFIELD MN 55057 41-0711501 $27,000.00 ST. ELIZABETH ANN SETON SCHOOL (HASTINGS, MN) 600 TYLER STREET HASTINGS MN 55033 41-1587210 $16,000.00 ST. FRANCIS XAVIER SCHOOL (BUFFALO, MN) 219 19TH STREET NW BUFFALO MN 55313 41-0737223 $35,000.00 ST. HELENA SCHOOL (MINNEAPOLIS, MN) 3200 E. 44TH STREET MINNEAPOLIS MN 55406 42-0718330 $61,000.00 ST. HUBERT SCHOOL (CHANHASSEN, MN) 8201 MAIN ST CHANHASSEN MN 55317-9734 41-0789368 $14,000.00 ST. JEROME SCHOOL (MAPLEWOOD, MN) 384 ROSELAWN AVENUE EAST MAPLEWOOD MN 55117 41-0773779 $103,000.00 ST. JOHN THE BAPTIST MONTESSORI SCHOOL (EXCELSIOR, MN) 12508 LYNN AVENUE SOUTH SAVAGE MN 55378-1450 41-0791350 $14,000.00 ST. JOHN THE BAPTIST CATHOLIC SCHOOL (SAVAGE, MN) 12508 LYNN AVENUE SOUTH SAVAGE MN 55378-1450 41-0791350 $31,000.00 ST. JOHN THE BAPTIST SCHOOL (VERMILLION, MN) 215 BROADWAY STREET NORTH JORDAN MN 55352 41-0713019 $13,000.00 ST. JOHN THE BAPTIST SCHOOL (NEW BRIGHTON, MN) 845 - 2ND AVENUE NW NEW BRIGHTON MN 55112 41-0732798 $30,000.00 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 $27,000.00 ST. JOSEPH SCHOOL (ROSEMOUNT, MN) 13900 BISCAYNE AVE W ROSEMOUNT MN 55068-4934 41-0727039 $34,000.00 ST. JOSEPH'S SCHOOL AND PRESCHOOL (WEST ST. PAUL, MN) 1138 SEMINOLE AVENUE WEST ST. PAUL MN 55118 41-0705875 $63,000.00 ST. JUDE OF THE LAKE CATHOLIC SCHOOL (MAHTOMEDI, MN) 600 MAHTOMEDI AVE MAHTOMEDI MN 55115 41-0764101 $16,000.00 ST. MAXIMILIAN KOLBE ACADEMY (DELANO, MN) 600 MAHTOMEDI AVE MAHTOMEDI MN 55115 41-0764101 $22,000.00 ST. MICHAEL CATHOLIC SCHOOL (SAINT MICHAEL, MN) 14 MAIN STREET NORTH ST. MICHAEL MN 55376 41-0707799 $35,000.00 ST. MICHAEL SCHOOL (PRIOR LAKE, MN) 16280 DULUTH AVE PRIOR LAKE MN 55372-9263 41-0826790 $17,000.00 ST. ODILIA SCHOOL (SHOREVIEW, MN) 3495 N. VICTORIA SHOREVIEW MN 55126 41-0837655 $22,000.00 ST. PASCAL REGIONAL CATHOLIC SCHOOL (ST. PAUL, MN) 1757 CONWAY STREET ST. PAUL MN 55106 41-0704479 $61,000.00 ST. PETER SCHOOL (NORTH SAINT PAUL, MN) 2620 MARGARET ST N NORTH ST. PAUL MN 55109 41-0830644 $50,000.00 ST. PETER'S CATHOLIC SCHOOL (FOREST LAKE, MN) 1250 SOUTH SHORE DRIVE FOREST LAKE MN 55025 41-0799304 $33,000.00 ST. RAPHAEL SCHOOL (CRYSTAL, MN) 7301 BASS LAKE RD. CRYSTAL MN 55428 41-0729961 $68,000.00 ST. STEPHEN'S CATHOLIC SCHOOL (ANOKA, MN) 506 JACKSON STREET ANOKA MN 55303 41-0713861 $26,000.00 ST. THERESE CATHOLIC SCHOOL (DEEPHAVEN, MN) 506 JACKSON STREET ANOKA MN 55303 41-0713861 $14,000.00 ST. THOMAS ACADEMY (MENDOTA HEIGHTS, MN) 949 MENDOATA HEIGHTS ROAD MENDOTA HEIGHTS MN 55120 41-6045110 $9,000.00 ST. THOMAS MORE (SAINT PAUL, MN) 1065 SUMMIT AVENUE ST. PAUL MN 55105 41-1691889 $35,000.00 ST. TIMOTHY SCHOOL (MAPLE LAKE, MN) 241 STAR STREET E MAPLE LAKE MN 55358-0281 41-0727399 $33,000.00 ST. VINCENT DE PAUL (BROOKLYN PARK, MN) 9050 93RD AVE. N. BROOKLYN PARK MN 55445 41-0849303 $35,000.00 ST. WENCESLAUS SCHOOL (NEW PRAGUE, MN) 227 EAST MAIN STREET NEW PRAGUE MN 56071 41-0695519 $20,000.00 THE VISITATION SCHOOL (MENDOTA HEIGHTS, MN) 2455 VISITATION DRIVE MENDOTA HEIGHTS MN 55120 41-0693957 $15,000.00 TRANSFIGURATION CATHOLIC SCHOOL (OAKDALE, MN) 6135 15TH ST N OAKDALE MN 55128 41-0797343 $31,000.00 WAY OF THE SHEPHERD SCHOOL (BLAINE, MN) 13200 CENTRAL AVE NORTHEAST BLAINE MN 55434 41-1916137 $16,000.00 RESERVE FUND TIMING DIFFERENCE: $62,360 X 0 0 0 0 0 0 0 0 0 RICHARD R AUSTIN III PRESIDENT 159753 0 15000 0 0 0 0 0 3495 0 178248 0 0 0 X 5 35761 STOCK EXCHANGE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 GREG SCHUMACHER AND SARAH SCHUMACHER HAVE A FAMILY RELATIONSHIP 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 DRAFT 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT WORKING GROUP. THE DRAFT IS THEN REVIEWED BY THE FINANCE COMMITTEE. 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 XII, LINE 2C THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.