Aiesec Life Inc
Nonprofit profile at a glance
- EIN
- 263210391
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Audubon, PA, USA
- Phone
- 8326073393
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alumni Associations
Reported finances
- Revenue
- $148,333
- Expenses
- $98,438
- Assets
- $465,186
- Liabilities
- $36,489
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JENNIFER FARLEY (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER FARLEY (EXECUTIVE DIRECTOR): $32,810 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide valuable services that enable aiesec alumni to connect, collaborate, and learn from each other to support aiesec's growth. To support and promote the charitable and educational activites of aiesec-us, including without limitation, by cultivating relationships between and among aiesec-us and its growing community of alumni, and by raising funds to promote scholarships to students.
What it reported doing in 2024
Student support for study tours/events, including elect a location and alumni will join to travel together and meet local aiesec members to give back. This also includes awards and grants given to students.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 23
- Transparency & Controls: 85
- Accountability: 25
- Sustainability: 67
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.2%; rating input score 21
- Program expense ratio: 34.6%; rating input score 35
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 25%; rating input score 25; 15th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 33.6%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 4.73; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 33.3%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -85.1% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -75% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 21.2% of revenue deployed · 34.6% of spending went to programs
- Governance: 3 of 12 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $33K · 26 people listed
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 21/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Accountability: Independent voting board scored 25/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.