Aeras

Overview

Mission

Aeras is a non-profit product development organization dedicated to the development of effective tuberculosis (tb) vaccines and biologics to prevent tb across all age groups in an affordable and sustainable manner. Aeras utilizes its broad capabilities and technologies in collaboration with numerous partners and stakeholders to support the development of vaccines and other biopharmaceuticals to address tb and other significant public health needs of underserved populations. In the pursuit of our mission, we are guided by our core values. These core values express our aspirations and the behaviors we want to exhibit and model. They shape the culture and character of aeras and inform all of our decisions and actions.

Operating model

Revenue model

Affiliate-supported. 93% of the money available for current operations came from contributions from related organizations.

Distribution model

Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - Most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

• Financial Efficiency: 10
• Transparency & Controls: 58
• Accountability: 62
• Sustainability: 27
• Growth: 0

Detailed rating inputs

Details

• Where the money goes: 14.8% of revenue deployed · 4% of spending went to programs
• Governance: 1 of 2 board members independent · 7 of 9 filing controls reported
• Programs: 1 filed program accomplishment · $77K in reported program spending
• Leadership: top reported pay $498K · 7 people listed · 5 of 6 pay-setting controls reported
• Highest-paid contractors: 1 contractor listed · $165K reported
• Consistency: 34 of 35 current checks pass · 1 finding to review
• Schedules: 7 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
• Filing history: 9 filing years from 2010 to 2019
• Contacts: How to reach this organization
• Money network: 6 filed money-flow records
• Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
• People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

• High — Financial Efficiency: Mission deployment rate scored 15/100.
• High — Financial Efficiency: Program expense ratio scored 4/100.
• Review — Accountability: Independent voting board scored 50/100.
• High — Transparency & Controls: Foreign activity oversight scored 0/100.
• High — Transparency & Controls: Grant itemization coverage scored 0/100.
• High — Sustainability: Operating margin scored 1/100.
• High — Growth: Program expense growth scored 0/100.
• High — Growth: Revenue growth scored 0/100.
• High — Transparency & Controls: Related-party transparency scored 0/100.
• Review — Accountability: Governance controls: Independent financial-statement audit not reported.
• High — Growth: Asset growth scored 0/100.
• High — Sustainability: Officer compensation ratio scored 1/100.
• Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
• High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.