Aim-Hi Accelerator Fund Inc
- Assets
- $14.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-4322538
Organization Overview
Aim-Hi Accelerator Fund Inc, operating under the name Aim Hi Translational Research Inc, is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aim HI Translational Research Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Aim HI Translational Research Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $649.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIM-HI ACCELERATOR FUND INC'S MISSION IS TO BRIDGE THE GAP AND ACCELERATE NEW ONCOLOGY THERAPIES AND TECHNOLOGIES ACROSS THE "VALLEY OF DEATH" THROUGH HIGH-IMPACT INVESTMENT APPROACHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEVERAGING IMMEDIATELY DEPLOYABLE VENTURE PHILANTHROPY FUNDING TO PROVIDE SEED FUNDING AND SUSTAINABLE IMPACT INVESTMENT FOR ONCOLOGY START-UPS TO BRIDGE THE "VALLEY OF DEATH" FUNDING GAP AND BRING INNOVATIVE NEW THERAPIES, DIAGNOSTICS AND CANCER PREVENTION TO PATIENTS.
CANCER AWARENESS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Tremblay Chairman Of The Board | Trustee | 2 | $0 |
Brian Leyland-Jones Vice Chairman Of The Board | Trustee | 1.5 | $0 |
Franklin Salisbury Jr Co-Founder And Director | Trustee | 1.5 | $0 |
Charlie Weatherspoon Co-Founder And Director | Trustee | 1.5 | $0 |
Mark Baran Director | Trustee | 1 | $0 |
Alfred Slanetz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,022,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,022,246 |
| Total Program Service Revenue | $0 |
| Investment income | $47,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,069,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,560 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $88 |
| Information technology | $14,715 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $538,000 |
| Total functional expenses | $649,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,235 |
| Savings and temporary cash investments | $797,648 |
| Pledges and grants receivable | $850,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,407,906 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,774,789 |
| Accounts payable and accrued expenses | $4,975 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,975 |
| Net assets without donor restrictions | $2,361,908 |
| Net assets with donor restrictions | $12,407,906 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,774,789 |
Grants Awarded
Over the last fiscal year, Aim-Hi Accelerator Fund Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY OAUR PURPOSE: ESTABLISHING ENTREPRENEURIAL FELLOWSHIP PROGRAM AT GEORGETOWN UNIVERSITY. | $10,000 |
MARCH BIOSCIENCES INC PURPOSE: CANCER RESEARCH COMPETITION AWARD | $10,000 |