Aeris Insight Inc

Organization Overview

Aeris Insight Inc is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Aeris Insight Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeris Insight Inc 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 12/2021, Aeris Insight Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AERIS DRIVES ACCOUNTABILITY AND TRANSPARENCY INTO IMPACT INVESTING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RATINGS - AERIS INSIGHT, INC. PROVIDES AN INDEPENDENT ASSESSMENT OF A CDFI'S IMPACT MANAGEMENT CAPACITY AND FINANCIAL STRENGTH AND PERFORMANCE. AERIS REPORTS HELP INVESTORS CONFIDENTLY ASSESS CDFIS THAT MATCH THEIR SOCIAL AND ENVIRONMENTAL IMPACT OBJECTIVES AND RISK PARAMETERS. DURING 2021, AERIS ISSUED RATINGS REPORTS ON 72 CDFIS, WHICH SUPPORTED INVESTMENTS BY 92 CDFI INVESTORS IN LOW-INCOME AND UNDER-SERVED COMMUNITIES ACROSS THE UNITED STATES.


AERIS 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 SUPPORTS PEER COMPARISONS AND CDFI INDUSTRY TREND ANALYSES. DURING 2021, 147 CDFIS REPORTED DATA TO THE AERIS CLOUD. THEY COLLECTIVELY MANAGE 88% OF ALL ON-BALANCE SHEET ASSETS IN THE FIELD. BY YEAR-END, 44 INVESTORS HAD ACCESSED AERIS' CDFI DATA TO INFORM THEIR INVESTMENTS IN CDFIS.


ADVISORY 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. DURING 2021, AERIS PROVIDED DUE DILIGENCE AND MONITORING SUPPORT FOR SPECIAL PROGRAMS CREATED BY INVESTORS TO SUPPORT THE DISTRIBUTION OF CAPITAL THROUGH CDFIS TO LOW-INCOME AND MINORITY COMMUNITIES DISPROPORTIONATELY IMPACTED BY THE PANDEMIC.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Akvelon Inc
Software Engineering And Development
$286,921
Akvelon Inc
Software Engineering And Development
$286,921
Slalom Consulting
Business And Technology Consulting
$117,197
Slalom Consulting
Business And Technology Consulting
$117,197
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $427,200
All other contributions, gifts, grants, and similar amounts not included above$1,101,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,528,700
Total Program Service Revenue$1,704,373
Investment income $318
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,233,391

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Aeris Insight Inc has recieved totaling $950,000.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$600,000
Sorenson Impact Foundation

Salt Lake City, UT

PURPOSE: EXPANDING ACCESS TO IMPACT DATA FOR THE USE OF CDFI INVESTMENTS

$250,000
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 78909 GENERAL OPERATING SUPPORT FOR AERIS INSIGHT

$50,000
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 78909 GENERAL OPERATING SUPPORT FOR AERIS INSIGHT

$50,000
View Grant Recipient Profile

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