Civic Intelligence

Aeris Insight Inc.

990 • Fiscal year 2019 • EIN 45-4135784

Jan 01, 2019 to Dec 31, 2019 • Filed on May 07, 2020

100 S Juniper Street Third FloorPhiladelphia, PA 19107

(267) 233-5150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.63x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

61st percentile

7.6%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$225,893

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

88th percentile

39%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$880,601

Up $246,098 (+39%) from 2018

Net Assets

Up

$323,387

Up $184,980 (+134%) from 2018

Liabilities

Up

$557,214

Up $61,118 (+12%) from 2018

Revenue

Up

$2,448,472

Up $546,713 (+29%) from 2018

Expenses

Up

$2,263,492

Up $94,540 (+4.4%) from 2018

Net Income

Up

$184,980

Up $452,173 (+169%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $1,113,911Liabilities 2012: $568,327Net Assets 2012: $545,5842012Assets 2013: $1,304,563Liabilities 2013: $619,908Net Assets 2013: $684,6552013Assets 2014: $1,075,152Liabilities 2014: $568,417Net Assets 2014: $506,7352014Assets 2015: $950,463Liabilities 2015: $531,111Net Assets 2015: $419,3522015Assets 2016: $1,050,570Liabilities 2016: $635,897Net Assets 2016: $414,6732016Assets 2017: $1,058,880Liabilities 2017: $653,280Net Assets 2017: $405,6002017Assets 2018: $634,503Liabilities 2018: $496,096Net Assets 2018: $138,4072018Assets 2019: $880,601Liabilities 2019: $557,214Net Assets 2019: $323,3872019Assets 2020: $1,174,710Liabilities 2020: $825,772Net Assets 2020: $348,9382020Assets 2021: $1,992,510Liabilities 2021: $697,245Net Assets 2021: $1,295,2652021Assets 2022: $2,498,682Liabilities 2022: $834,163Net Assets 2022: $1,664,5192022Assets 2023: $1,609,381Liabilities 2023: $992,619Net Assets 2023: $616,7622023Assets 2024: $1,122,418Liabilities 2024: $1,474,550Net Assets 2024: -$352,1322024

Highlighted filing

2019

Assets$880,601
Liabilities$557,214
Net Assets$323,387

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2012: $2,153,050Expenses 2012: $1,629,466Net Income 2012: $523,5842012Revenue 2013: $2,014,146Expenses 2013: $1,875,075Net Income 2013: $139,0712013Revenue 2014: $1,996,268Expenses 2014: $2,174,188Net Income 2014: -$177,9202014Revenue 2015: $1,799,102Expenses 2015: $1,886,485Net Income 2015: -$87,3832015Revenue 2016: $1,801,378Expenses 2016: $1,806,057Net Income 2016: -$4,6792016Revenue 2017: $2,185,855Expenses 2017: $2,194,928Net Income 2017: -$9,0732017Revenue 2018: $1,901,759Expenses 2018: $2,168,952Net Income 2018: -$267,1932018Revenue 2019: $2,448,472Expenses 2019: $2,263,492Net Income 2019: $184,9802019Revenue 2020: $2,297,439Expenses 2020: $2,271,888Net Income 2020: $25,5512020Revenue 2021: $3,233,391Expenses 2021: $2,287,064Net Income 2021: $946,3272021Revenue 2022: $3,015,767Expenses 2022: $2,646,513Net Income 2022: $369,2542022Revenue 2023: $2,442,872Expenses 2023: $3,490,629Net Income 2023: -$1,047,7572023Revenue 2024: $2,456,180Expenses 2024: $3,425,074Net Income 2024: -$968,8942024

Highlighted filing

2019

Revenue$2,448,472
Expenses$2,263,492
Net Income$184,980
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 7, 2020
Return Version
2019v5.1
Gross Receipts
$2,448,472
Mission and Program Overview

Mission

See schedule o.aeris strives to increase the flow of capital benefiting low-income and disadvantaged people and communities by creating greater transparency and accountability among mission-driven nonprofits and enterprises. Aeris provides comprehensive, third-party analysis of community development financial institutions (cdfis) and related data and advisory services that aid investors and donors in their investment decision-making. Subscribers to aeris' services use highly standardized data, in-depth ratings, and analyses of a cdfi's social impact activities and financial strength to guide investment decisions.

Aeris drives accountability and transparency into impact investing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$301,874$292,961▼ $8,913
Land, Buildings, and Equipment, Net$19,918$224,806▲ $204,888
Cash and Non-Interest-Bearing Accounts$109,093$178,108▲ $69,015
Accounts Receivable$163,679$161,200▼ $2,479
Intangible Assets$12,000$12,000→ $0
Prepaid Expenses and Deferred Charges$27,939$11,526▼ $16,413
Total Assets$634,503$880,601▲ $246,098
Liabilities
Deferred Revenue$377,186$389,368▲ $12,182
Accounts Payable and Accrued Expenses$118,910$167,846▲ $48,936
Total Liabilities$496,096$557,214▲ $61,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,407$215,279▲ $76,872
Net Assets With Donor Restrictions-$108,108-
Total Net Assets Fund Balance$138,407$323,387▲ $184,980
Total Liabilities and Net Assets / Fund Balance$634,503$880,601▲ $246,098

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$221,935$466,927$688,862
Equipment$2,871$14,288$17,159
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paige ChapelPresident & CEOFT$205,000$20,893$225,893
Karen SeaburySecretary & Director Ratings & AnalysisFT$143,500$1,090$144,590
Aaron GrzywinskiDirector Data Services & TechnologyFT$130,000$12,800$142,800
Lynn HansenSenior Vice PresidentFT$102,500$5,437$107,937

Board Members and Trustees

NameTitle
Kim ShaferChair
David SandBoard Member
Ellen SeidmanBoard Member
James LumBoard Member
Justin ConwayBoard Member
Marguerite GriffinBoard Member
Penelope DouglasBoard Member
Rekha UnnithanBoard Member
Tina CastroBoard Member - Left Oct 2019
Andy CooneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Akvelon INCSoftware Engineering And Development3120 139TH AVENUE SE SUITE 100, Bellevue, WA 98005$199,242
Revenue and Support

Revenue Composition

Contributions and Grants
$995,000
Program Service Revenue
$1,451,786
Investment Income
$1,686
Other Revenue
$0
All Other Contributions
$995,000
Change in Net Assets
$184,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,448,472
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,000
Total Revenue per Audited Statements
$2,460,472
Total Revenue per Form 990
$2,448,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,292,384
Other Expenses$971,108
Total Fundraising Expense$34,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$734,767$17,336$10,644$762,747
Fees for Services Other$561,442--$561,442
Current Officers, Directors, Trustees, and Key Employees$308,746$42,767$18,970$370,483
Payroll Taxes$79,340$6,213$3,017$88,570
Travel$38,320$12,989-$51,309
Advertising$17,053$31,361-$48,414
Other Employee Benefits$41,716$2,429$939$45,084
Occupancy-$32,282-$32,282
Pension Plan Contributions$23,705$1,336$459$25,500
Insurance$43$22,064-$22,107
Depreciation Depletion$14,165$4,102-$18,267
Other Expenses$5,375$9,438-$14,813
Fees for Services Accounting-$14,200-$14,200
Conferences and Meetings$10,162$700-$10,862
Office Expenses$1,465$8,555-$10,020
All Other Expenses$299$1,819-$2,118
Total Functional Expenses$1,973,423$256,040$34,029$2,263,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,275,492
Expenses per Audited Statements$2,263,492
Total Expenses per Form 990$2,263,492
Expenses Not Reported on Form 990$12,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The board amended aeris' bylaws in december 2019, extending term limits from three consecutive two-year terms to four two-year terms, with the ability of the board to extend to five terms for current officers and committee chairs.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accounting firm. Prior to filing the form 990, the chief executive officer reviews the form for accuracy and then forwards it to the treasurer and finance committee of the board. In addition, the organization sends an electronic copy of the form 990 to the full board of directors. This is for informational purposes and to allow for comments from the board prior to filing, but does not require action from the board.

Form 990, Part VI, Section B, Line 12C

Each year the board of directors signs an annual disclosure statement which states that they do not have an existing or potential conflict of interest as covered by aeris insight, inc.'s conflict of interest policy. If the board member has an existing conflict, they must list it in the disclosure statement. If a conflict arises at any time, the board member must disclose the existence, nature and extent of the conflict in a separate written statement (if it is known in advance) or orally at a board meeting and may voluntarily recuse himself or herself from deliberations or actions by the board.

Form 990, Part VI, Section B, Line 15

The board of aeris insight, inc. Bases compensation on a third party compensation study. Compensation for the president and ceo is reviewed annually through a performance assessment conducted by the board of directors. The board chair manages this process by reviewing the president and ceo's performance against set goals. The secretary of the board is not compensated for her services in this capacity. However, compensation is received from aeris insight, inc. For her position as director of ratings & analysis. Aeris insight, inc. Uses a documented process of self assessment and performance review. For officers a third party compensation study was completed in early 2019 to determine 2019 salaries.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Aeris Insight Inc
EIN
45-4135784
Phone
2672335150
Address
100 S JUNIPER STREET THIRD FLOOR, PHILADELPHIA, PA 19107

Signing Officer

Name
Paige Chapel
Title
President and CEO
Phone
2672335150
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paige Chapel
Formed
2012
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE STE 400, PLYMOUTH MEETING, PA 19462
Preparer
Connie M Lira
Phone
2156433900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contractors fees: program service expenses 541,887. Total expenses 541,887. Outside contractors expenses: program service expenses 19,555. Total expenses 19,555.

Financial Statement Notes

PART X, LINE 2:

Aeris is exempt from federal income taxes under the provisions of section 501(c)(3) of the irc and qualifies for charitable contribution deductions and is classified as an organization that is not a private foundation. Income which is not related to exempt purposes, less applicable deductions, would be subject to federal and state corporate income taxes. Aeris had no net unrelated business income for the years ended december 31, 2019 and 2018. Management evaluated aeris' tax positions and concluded that aeris had taken no uncertain tax positions that require adjustment to the financial statements. Consequently, no accrual for interest and penalties was deemed necessary for the years ended december 31, 2019 and 2018.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER - LEFT OCT 2019
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY & DIR. RATINGS & ANALYSIS
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIR. DATA SERVICES & TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR VICE PRESIDENT
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IRS990/MissionDesc0SEE SCHEDULE O.AERIS STRIVES TO INCREASE THE FLOW OF CAPITAL BENEFITING LOW-INCOME AND DISADVANTAGED PEOPLE AND COMMUNITIES BY CREATING GREATER TRANSPARENCY AND ACCOUNTABILITY AMONG MISSION-DRIVEN NONPROFITS AND ENTERPRISES. AERIS PROVIDES COMPREHENSIVE, THIRD-PARTY ANALYSIS OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND RELATED DATA AND ADVISORY SERVICES THAT AID INVESTORS AND DONORS IN THEIR INVESTMENT DECISION-MAKING. SUBSCRIBERS TO AERIS' SERVICES USE HIGHLY STANDARDIZED DATA, IN-DEPTH RATINGS, AND ANALYSES OF A CDFI'S SOCIAL IMPACT ACTIVITIES AND FINANCIAL STRENGTH TO GUIDE INVESTMENT DECISIONS.
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IRS990/OtherExpensesGrp/Desc1ADMIN SERVICES
IRS990/OtherExpensesGrp/Desc2TECHNOLOGY PROJECTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1458150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt258550
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258550
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IRS990/ProgSrvcAccomActy2Grp/Desc0AERIS CLOUD/DATA PLATFORM - AERIS INSIGHT, INC. OPERATES A CLOUD-BASED DATA COLLECTION AND REPORTING SYSTEM THAT PROVIDES INVESTORS ACCESS TO QUARTERLY FINANCIAL AND IMPACT PERFORMANCE DATA ON CDFIS AND THAT SUPPORT PEER COMPARISONS AND CDFI INDUSTRY TREND ANALYSES.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt054668
IRS990/ProgSrvcAccomActy3Grp/Desc0ADVISORY SERVICES - AERIS INSIGHT, INC. OFFERS EXPANDED ASSESSMENT SERVICES FOR INVESTORS THAT COMPLEMENT ITS CORE RATINGS PRODUCT. SERVICES FOCUS ON CUSTOMIZED ASSESSMENTS OF FINANCIAL PERFORMANCE AND IMPACT OF A RANGE OF INVESTMENTS INTENDED TO PRODUCE POSITIVE SOCIAL AND ENVIRONMENTAL OUTCOMES IN MARGINALIZED AND LOW INCOME COMMUNITIES.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt058550
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0439779
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01441
IRS990/PYOtherExpensesAmt0904985
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01460539
IRS990/PYRevenuesLessExpensesAmt0-267193
IRS990/PYSalariesCompEmpBnftPaidAmt01263967
IRS990/PYTotalExpensesAmt02168952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01901759
IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt0184980
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RevenueAmt01338568
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0924102
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01901759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02185855

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