Aim High for High School FY2022 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1986EducationEIN 94-3296338Revenue $4.1M in FY2022

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.
52¢ of each $1 spent went to programs.
$1.3M 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

FY2022 · 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 88% of spending
Concern: pay to officers and key staff is 88% of spending; over 30%.
Pt VII · Sec A
Cash reserves
37 mo
of spending, in cash
Looks good: 37.3 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
$320K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
-64% vs prior year
Spent
$1.5M
To programs
52%
Net assets
$20.4M
By yearFY2019–FY2024
Revenue
$4.1M
FY2022▼ -64%
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
$1.5M
FY2022▼ -81%
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
$20.4M
FY2022▲ +13%
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 FY2022 Form 990 · 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

52 cents of each dollar spent went to programs.

Program services 52% · $763K Management & general 22% · $324K Fundraising 26% · $383K

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

31 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$283,086Pt VII · Sec A
VP of People & Operations
$178,406Pt VII · Sec A
VP of Strategy & Learning
$157,395Pt VII · Sec A
SR Director of Development
$146,824Pt VII · Sec A
Director of IT
$146,802Pt VII · Sec A
SR Director of Finance & Operations
$143,644Pt VII · Sec A
$122,968Pt VII · Sec A
CEO (left 1.31.22)
$114,327Pt 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.

See Aim High for High School executive salaries →

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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 · $763K · in their own filed words · FY2022
01

Tuition free summer program serving middle school youth. Program expenditures include instructional and student activities expenses. During this shortened fiscal year there was only preparation and community building activities for summer 2023.

$763Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$173K
Other incomeLn 4–11$2K
Money outPt IX
$1.5M
Ln 25
Programscol B$763K
Managementcol C$324K
Fundraisingcol D$383K
Owns and owesPt X
$20.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$20.7M
LiabilitiesLn 26$320K
PeoplePt VI, VII
31
listed · VII A
PaidVII A8
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Noncash giftsLn 1g$60K
Investment incomeLn 3$173K
Other incomeLn 4–11$2K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$4.0M
SavingsLn 2$576K
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$12.8M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$20.7M
LiabilitiesLn 26$320K
Net assetsLn 32$20.4M
OperationsPt I, VI
EmployeesI 5351
VolunteersI 655
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$2.5M$4.6M
InvestmentsLn 11–13$12.9M$12.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18.4M$20.7M
LiabilitiesLn 26$346K$320K
Net assetsLn 32$18.0M$20.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$234K$46K$131K$57K
Other salaries and wagesLn 7$703K$495K$25K$183K
Pension plan contributionsLn 8$43K$30K$1K$12K
Other employee benefitsLn 9$39K$29K$10K
Payroll taxesLn 10$54K$32K$8K$14K
Legal feesLn 11b$214$67$104$43
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$121K$49K$41K$31K
Office expensesLn 13$87K$14K$39K$34K
Information technologyLn 14$30K$8K$17K$5K
OccupancyLn 16$87K$45K$15K$28K
TravelLn 17$9K$3K$4K$3K
InsuranceLn 23$16K$8K$2K$5K
Other expenses (24a–d)Ln 24$11K$5K$6K$114
Total functional expensesLn 25$1.5M$763K$324K$383K

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 $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 FY2022 990 (6 parts)
Part I · Summary $4,118,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,630,158$3,943,144
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $129,115$173,177
I-11 Other revenuePrior year $6,325$2,000
I-12 Total revenuePrior year $11,765,598$4,118,321
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 $5,764,522$1,073,790
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,890,540$395,732
I-18 Total expensesPrior year $7,655,062$1,469,522
I-19 Revenue less expensesPrior year $4,110,536$2,648,799
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $4,118,321 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,943,144
VIII-1g Noncash contributions (included above)$59,610
VIII-1h Total contributions, gifts and grants$3,943,144
VIII-3 Investment incomeExcluded from tax $173,177$173,177
VIII-6 Net rental income or lossExcluded from tax $2,000$2,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $175,177$4,118,321
Part IX · Statement of functional expenses $1,469,522 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,027 · Management $131,181 · Fundraising $56,943$234,151
IX-7 Other salaries and wagesPrograms $495,081 · Management $24,945 · Fundraising $182,818$702,844
IX-8 Pension plan contributionsPrograms $30,091 · Management $1,299 · Fundraising $11,737$43,127
IX-9 Other employee benefitsPrograms $28,911 · Fundraising $10,391$39,302
IX-10 Payroll taxesPrograms $32,004 · Management $8,395 · Fundraising $13,967$54,366
IX-11b Legal feesPrograms $67 · Management $104 · Fundraising $43$214
IX-11c Accounting feesManagement $34,516$34,516
IX-11g Other fees for servicesPrograms $48,610 · Management $40,925 · Fundraising $31,100$120,635
IX-13 Office expensesPrograms $13,739 · Management $39,048 · Fundraising $34,085$86,872
IX-14 Information technologyPrograms $7,793 · Management $17,238 · Fundraising $5,017$30,048
IX-16 OccupancyPrograms $44,703 · Management $14,527 · Fundraising $27,731$86,961
IX-17 TravelPrograms $2,641 · Management $3,533 · Fundraising $3,189$9,363
IX-23 InsurancePrograms $8,105 · Management $2,384 · Fundraising $5,403$15,892
IX-24 Other expenses (24a–d)Programs $5,021 · Management $6,096 · Fundraising $114$11,231
IX-25 Total functional expensesPrograms $762,793 · Management $324,191 · Fundraising $382,538$1,469,522
Part X · Balance sheet $20,686,419 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,004,302$3,986,073
X-2 Savings and temporary cash investmentsStart of year $510,151$575,689
X-3 Pledges and grants receivableStart of year $2,894,053$3,256,823
X-9 Prepaid expenses and deferred chargesStart of year $13,413$53,278
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,940,728$12,814,556
X-16 Total assetsStart of year $18,362,647$20,686,419
X-17 Accounts payable and accrued expensesStart of year $346,403$319,796
X-26 Total liabilitiesStart of year $346,403$319,796
X-27 Net assets without donor restrictionsStart of year $11,369,927$11,479,335
X-28 Net assets with donor restrictionsStart of year $6,646,317$8,887,288
X-32 Total net assets or fund balancesStart of year $18,016,244$20,366,623
X-33 Total liabilities and net assetsStart of year $18,362,647$20,686,419
Part XI · Reconciliation of net assets $20,366,623 net assets at year end
XI-1 Total revenue$4,118,321
XI-2 Total expenses$1,469,522
XI-3 Revenue less expenses$2,648,799
XI-4 Net assets at start of year$18,016,244
XI-5 Net unrealized gains (losses) on investments−$298,420
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,366,623

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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