Aims Community College Foundation
- Assets
- $10.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Greeley, CO
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 84-0802870
Organization Overview
Aims Community College Foundation is located in Greeley, CO. The organization was established in 1980. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aims Community College Foundation 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 06/2022, Aims Community College Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $626.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE PURPOSE OF THE AIMS FOUNDATION IS TO ENDORSE AND SUPPORT THE MISSION OF AIMS COMMUNITY COLLEGE THROUGH THE RESPONSIBLE AND ETHICAL SOLICITATION, STEWARDSHIP AND INVESTMENT OF FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MERIT AND NEED-BASED SCHOLARSHIPS TO QUALIFYING STUDENTS ATTENDING AIMS COMMUNITY COLLEGE.
PROVIDE FUNDING TO AIMS COMMUNITY COLLEGE INTERNAL CONSTITUENTS FOR VARIOUS EDUCATION PROGRAMS INCLUDING FIRE SCIENCE, EMS / PARAMEDIC, INTENSIVE ENGLISH AND GED, TAX HELP COLORADO, STUDENT AFFAIRS AND ENGLISH.
PROVIDE IN-KIND RESOURCES TO AIMS COMMUNITY COLLEGE THAT ENHANCE LEARNING AND THE LEARNING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Holmberg President | OfficerTrustee | 1 | $0 |
Carol Hoglund Treasurer | OfficerTrustee | 1 | $0 |
Mark Hout Board Liaison | OfficerTrustee | 1 | $0 |
Gene O'hara Board Liaison | OfficerTrustee | 1 | $0 |
Nalleli Valverde Director | Trustee | 1 | $0 |
Sarah Daly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,727 |
| Related organizations | $0 |
| Government grants | $28,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,057,854 |
| Noncash contributions included in lines 1a–1f | $206,547 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,088,485 |
| Total Program Service Revenue | $0 |
| Investment income | $157,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,467,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $231,229 |
| Grants and other assistance to domestic individuals. | $198,299 |
| 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 | $30,615 |
| Pension plan accruals and contributions | $5,851 |
| Other employee benefits | $15,694 |
| Payroll taxes | $405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,453 |
| Fees for services: Other | $16,112 |
| Advertising and promotion | $7,798 |
| Office expenses | $981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,432 |
| Total functional expenses | $626,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,826,849 |
| Pledges and grants receivable | $135,018 |
| Accounts receivable, net | $17,930 |
| 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 | $6,088,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,929,829 |
| Total assets | $9,997,991 |
| Accounts payable and accrued expenses | $1,897 |
| 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 | $315,145 |
| Total liabilities | $317,042 |
| Net assets without donor restrictions | $2,022,307 |
| Net assets with donor restrictions | $7,658,642 |
| 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 | $9,997,991 |