Aim High for High School FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1986EducationEIN 94-3296338Revenue $6.3M in FY2020

On file with the IRSaimhigh.org601 Van Ness Ave Suite F G, 94102-3200 · San Francisco, CATax-exempt since Jun 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educational services through the operation of Aim High for High School (Aim High).

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$595K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.1M a year · 24% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$595K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$643K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
-49% vs prior year
Spent
$4.2M
To programs
62%
Net assets
$12.3M
By yearFY2019–FY2024
Revenue
$6.3M
FY2020▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2019$12.3M
FY2020$6.3M
FY2021$8.5M
FY2022$11.5M
FY2022$4.1M
FY2023$6.7M
FY2024$6.2M
Expenses
$4.2M
FY2020▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2019$6.6M
FY2020$4.2M
FY2021$5.7M
FY2022$7.8M
FY2022$1.5M
FY2023$8.0M
FY2024$6.5M
Net assets
$12.3M
FY2020▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2019$9.6M
FY2020$12.3M
FY2021$16.6M
FY2022$18.0M
FY2022$20.4M
FY2023$20.5M
FY2024$20.8M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $2.6M Management & general 15% · $644K Fundraising 22% · $936K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $595K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$170,418Pt VII · Sec A
Vice President of People and Operations
$152,667Pt VII · Sec A
Vice President of Development
$146,152Pt VII · Sec A
Director of Finance
$125,648Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Julia Chih’s $300K as Former CEO is at the 95th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2022FY2021FY2020
Julia Chih$300,000$310,309$283,086———
Matthew Reno$109,854$220,993$178,406$166,950——
Sandra Becker$203,950—————
Alexander Lee——$114,327$187,629——
Johnathan Thorton—$182,826————
Alec Lee to Jan 2022————$178,766—
Alec Lee—————$170,418
Alec L Lee JR——————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers educational services through its high school program.

Questions for Aim High for High School

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2019
01

Tuition-free summer program serving middle school youth, mostly from low income families and underserved neighborhoods and schools with enrichment and youth development. Program expenditures include instructional and student activities expenses.

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$6.1M
Investment incomeLn 3$143K
Other incomeLn 4–11$57K
Money outPt IX
$4.2M
Ln 25
Programscol B$2.6M
Managementcol C$644K
Fundraisingcol D$936K
Owns and owesPt X
$12.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$12.9M
LiabilitiesLn 26$643K
PeoplePt VI, VII
30
listed · VII A
PaidVII A4
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$176K
Fundraising eventsLn 1c$514K
Investment incomeLn 3$143K
Other incomeLn 4–11$57K
Gains on assetsLn 7$2K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.1M
InvestmentsLn 11–13$7.1M
Land, buildings, equipmentLn 10c$101K
Other assetsLn 15$55K
Total assetsLn 16$12.9M
LiabilitiesLn 26$643K
Net assetsLn 32$12.3M
OperationsPt I, VI
EmployeesI 5351
VolunteersI 655
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.1M$4.1M
InvestmentsLn 11–13$5.4M$7.1M
Land, buildings, equipmentLn 10c$190K$101K
Total assetsLn 16$9.8M$12.9M
LiabilitiesLn 26$166K$643K
Net assetsLn 32$9.6M$12.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$524K$316K$87K$121K
Other salaries and wagesLn 7$2.2M$1.3M$371K$513K
Pension plan contributionsLn 8$103K$62K$17K$24K
Other employee benefitsLn 9$262K$158K$44K$60K
Payroll taxesLn 10$212K$128K$35K$49K
Management feesLn 11a$117K$98K$322$19K
Accounting feesLn 11c$141K$103K$12K$26K
Office expensesLn 13$107K$43K$11K$53K
Information technologyLn 14$50K$10K$21K$19K
OccupancyLn 16$216K$165K$21K$29K
TravelLn 17$13K$11K$942$1K
Depreciation, depletion and amortizationLn 22$88K$88K
InsuranceLn 23$54K$40K$6K$8K
Other expenses (24a–d)Ln 24$69K$57K$7K$5K
All other expensesLn 24e$18K$25$10K$8K
Total functional expensesLn 25$4.2M$2.6M$644K$936K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.2M$6.5M−$291K$20.8M 990 PDF
FY2023 $6.7M$8.0M−$1.4M$20.5M 990 PDF
FY2022 $11.5M$7.8M$3.7M$18.0M 990 PDF
FY2021 $8.5M$5.7M$2.9M$16.6M 990 PDF
FY2020 Viewing $6.3M$4.2M$2.1M$12.3M 990 PDF
FY2019 $12.3M$6.6M$5.6M$9.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,252,082 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,141,302$6,051,618
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $59,892$143,002
I-11 Other revenuePrior year $55,288$57,462
I-12 Total revenuePrior year $12,256,482$6,252,082
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,867,265$3,328,382
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,778,142$873,672
I-18 Total expensesPrior year $6,645,407$4,202,054
I-19 Revenue less expensesPrior year $5,611,075$2,050,028
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,252,082 across 10 lines filed
VIII-1c Fundraising events$513,587
VIII-1e Government grants$176,079
VIII-1f All other contributions, gifts and grants$5,361,952
VIII-1h Total contributions, gifts and grants$6,051,618
VIII-3 Investment incomeExcluded from tax $141,500$141,500
VIII-6 Net rental income or lossRelated to mission $54,227$54,227
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,502$1,502
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,235$3,235
VIII-12 Total revenueRelated to mission $57,462 · Unrelated business $0 · Excluded from tax $143,002$6,252,082
Part IX · Statement of functional expenses $4,202,054 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $315,773 · Management $87,253 · Fundraising $120,706$523,732
IX-7 Other salaries and wagesPrograms $1,342,750 · Management $371,024 · Fundraising $513,274$2,227,048
IX-8 Pension plan contributionsPrograms $62,023 · Management $17,138 · Fundraising $23,709$102,870
IX-9 Other employee benefitsPrograms $158,177 · Management $43,707 · Fundraising $60,464$262,348
IX-10 Payroll taxesPrograms $128,052 · Management $35,383 · Fundraising $48,949$212,384
IX-11a Management feesPrograms $97,635 · Management $322 · Fundraising $19,088$117,045
IX-11c Accounting feesPrograms $102,907 · Management $12,064 · Fundraising $25,874$140,845
IX-13 Office expensesPrograms $43,334 · Management $10,917 · Fundraising $52,589$106,840
IX-14 Information technologyPrograms $10,124 · Management $20,903 · Fundraising $19,035$50,062
IX-16 OccupancyPrograms $165,415 · Management $21,315 · Fundraising $29,487$216,217
IX-17 TravelPrograms $10,967 · Management $942 · Fundraising $1,057$12,966
IX-22 Depreciation, depletion and amortizationPrograms $88,412$88,412
IX-23 InsurancePrograms $39,700 · Management $5,933 · Fundraising $8,207$53,840
IX-24 Other expenses (24a–d)Programs $57,133 · Management $6,819 · Fundraising $5,129$69,081
IX-24e All other expensesPrograms $25 · Management $10,359 · Fundraising $7,980$18,364
IX-25 Total functional expensesPrograms $2,622,427 · Management $644,079 · Fundraising $935,548$4,202,054
Part X · Balance sheet $12,918,380 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,122,027$4,096,448
X-3 Pledges and grants receivableStart of year $2,017,074$1,604,000
X-10c Land, buildings and equipment, netStart of year $189,833$101,421
X-11 Publicly traded securitiesStart of year $5,361,843$7,061,392
X-15 Other assetsStart of year $88,472$55,119
X-16 Total assetsStart of year $9,781,910$12,918,380
X-17 Accounts payable and accrued expensesStart of year $165,538$197,225
X-19 Deferred revenue$446,090
X-26 Total liabilitiesStart of year $165,538$643,315
X-27 Net assets without donor restrictionsStart of year $7,599,298$10,520,033
X-28 Net assets with donor restrictionsStart of year $2,017,074$1,755,032
X-32 Total net assets or fund balancesStart of year $9,616,372$12,275,065
X-33 Total liabilities and net assetsStart of year $9,781,910$12,918,380
Part XI · Reconciliation of net assets $12,275,065 net assets at year end
XI-1 Total revenue$6,252,082
XI-2 Total expenses$4,202,054
XI-3 Revenue less expenses$2,050,028
XI-4 Net assets at start of year$9,616,372
XI-5 Net unrealized gains (losses) on investments$608,665
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,275,065

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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