Overview
What is Aim Higher Foundation?
The Aim Higher Foundation, based in St. Paul, Minnesota, is a nonprofit organization that offers tuition assistance scholarships for children in the twelve-county metro area. Established with a mission to make Catholic education more accessible, this foundation has awarded nearly $13 million in scholarships since its inception. Believing in the exceptional educational value of Catholic schools, Aim Higher provides students with the resources to reach beyond their current abilities. With a small team of three dedicated individuals, the foundation continues to support the Archdiocese of St. Paul and Minneapolis by offering financial aid for tuition, thereby enabling more children to benefit from the enriching educational environment that Catholic schools provide.
Official website here: www.aimhigherfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Aim Higher Foundation has received a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong overall performance in accountability and finance. The charity excels with a perfect score for the majority of its board members being independent, a robust audit and oversight committee, and excellent ratios for program expenses and fundraising efficiency. These metrics indicate a well-managed organization that prioritizes its mission over administrative costs.
Despite its high ratings, the foundation does have some areas for improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. While these omissions do not significantly detract from its strong financial standing, they are important for enhancing trust with stakeholders and the public.
Overall, Aim Higher Foundation demonstrates a commitment to effective financial management and governance, making it a reliable choice for donors looking to support a nonprofit with a proven track record. Addressing its policy gaps could further strengthen its reputation and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Aim Higher Foundation legitimate?
Aim Higher Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aim Higher Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $196,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,531
For more financial information, click here
Official website here: www.aimhigherfoundation.org
What is the mission statement of Aim Higher Foundation?
The Aim Higher Foundation's mission is centered around providing scholarships for tuition assistance to children within a specific archdiocese. This initiative aims to make a Catholic education more accessible for a larger number of children in the twelve-county metropolitan area. Since its establishment, the foundation has granted nearly $13 million in scholarships. The foundation strongly believes that Catholic schools offer an education of exceptional quality, equipping children with the necessary tools to strive for greater heights in life.
Official website here: www.aimhigherfoundation.org
Who is the CEO of Aim Higher Foundation?
Jean Houghton is the President of Aim Higher Foundation.
Official website here: www.aimhigherfoundation.org
What is the revenue of Aim Higher Foundation?
Aim Higher Foundation's revenue in 2022 was $2,912,547.
Official website here: www.aimhigherfoundation.org
Who are the executives of Aim Higher Foundation and what are their salaries?
The average compensation at Aim Higher Foundation during 2022 was $137,576. There are 3 employees and 24 volunteers at Aim Higher Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $192,709
- Related: $0
- Other: $0
Official website here: www.aimhigherfoundation.org
Where can I find the form 990 for Aim Higher Foundation?
Aim Higher Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aimhigherfoundation.org
Learn more at the official website: www.aimhigherfoundation.org
Mission Statement of Aim Higher Foundation
The Aim Higher Foundation, a nonprofit organization, is committed to providing scholarships for children residing in the Archdiocese of St. Paul and Minneapolis. Its mission is to offer tuition assistance, enabling more children in the twelve-county metro area to experience the life-enhancing advantages of a Catholic education. Over the years, the foundation has awarded nearly $13 million in scholarships, underscoring its belief in the exceptional educational value that Catholic schools provide. By equipping children with the necessary tools, the Aim Higher Foundation aims to inspire them to reach even higher, thereby benefiting not only their personal growth but also their communities at large.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Aim Higher Foundation's impact is evident in the lives of children in the Archdiocese of St. Paul and Minneapolis who have received scholarships for tuition assistance. By providing student-based tuition assistance scholarships, Aim Higher Foundation is enabling more children in the twelve-county metro area to access the life-changing benefits of a Catholic education. With close to $13 million in scholarships awarded since its inception, the foundation believes that Catholic schools offer an education that is second to none, equipping children with the tools to aim higher in their academic and personal development.
This information is meant to be a general summary of Aim Higher Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $84,049
- Gross Receipts: $2,996,755
Assets and Liabilities:
- Total Assets: $6,907,513
- Total Liabilities: $2,452,409
- Net Assets: $4,455,104
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(612) 819-6711Principal Officer
Jean Houghton
Main Address
2610 UNIVERSITY AVENUE WEST 525, ST PAUL, MN, 55114
Website
www.aimhigherfoundation.orgNTEE Category
Code: X12 - Religion related
If you are a representative of Aim Higher Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.