Aeris Inc
Nonprofit profile at a glance
- EIN
- 990390117
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- New Haven, CT, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Student Sororities, Fraternities
Reported finances
- Revenue
- $87,639
- Expenses
- $76,639
- Assets
- $11,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Siona Jain (President of External Affairs)
- Arabella Warren (President of Internal Affairs)
People named in this filing
- Siona Jain (President of External Affairs)
- Arabella Warren (President of Internal Affairs)
- Jaylynn Cortes (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Primary exempt purpose is to operate as a social organization that fosters friendship community and mutual support among its members through events programming and member engagement. Aeris Inc. is a member-based social club dedicated to building inclusive community through events traditions and programs that promote connection celebration and personal growth. In the prior year Aeris Inc. carried out its exempt purpose by organizing a series of member-exclusive events including formals themed social gatherings and community bonding activities. The organization also hosted recruitment programming to welcome new members and foster continuity and supported philanthropy and inclusion initiatives that aligned with its values. All programming was funded through member dues and aligned with Aeriss mission to cultivate a supportive and vibrant member community.
What it reported doing in 2024
Community Engagement & Inclusion: Aeris supported community service and inclusion initiatives including philanthropy events DEIB-focused social programming and merchandise subsidization tied to charitable causes. These programs strengthened the organizations culture of giving and belonging. Number of persons benefited: ~120 members plus partner organizations. Additional Info: Philanthropy included shirt fundraisers and service events; inclusion funding supported member-led bonding and affinity initiatives.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 41
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.9%; rating input score 68
- Program expense ratio: 77.6%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 12.6%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 67.9% of revenue deployed · 77.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $60K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.