Aeras
- Assets
- $3.3m
- Revenue
- $874.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Germantown, MD
- Founding
- 10/1999
- Data as of
- 12/2019
- EIN
- 52-2044704
Organization Overview
Aeras is located in Germantown, MD. The organization was established in 1999. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2019, Aeras employed 11 individuals. Aeras 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 12/2019, Aeras generated $874.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (53.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (48.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE DEVELOPMENT OF EFFECTIVE TUBERCULOSIS (TB) VACCINES & BIOLOGICS TO PREVENT TB ACROSS ALL AGE GROUPS IN AN AFFORDABLE & SUSTAINABLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO PRECLINICAL, CLINICAL AND RESEARCH EFFORTS TO HELP RAISE AWARENESS AND SUPPORT TB VACCINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Shea CEO | Trustee | 0 | $498,455 |
Donna D'amato Controller | 40 | $261,688 | |
Jacqueline Sheppard Assoc Dir, Payroll & Benefits | 40 | $250,743 | |
Maria Ruiz Sr. Manager, Ehs | 40 | $123,968 | |
Brandon Lau Director, Fp&a | 0 | $108,289 | |
Jennifer Welgos Interim CEO | Officer | 10 | $72,091 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oregon Health Science University Research | 12/30/18 | $1,432,998 |
University Of Pittsburgh Research | 12/30/18 | $1,057,960 |
University Of Cape Town Clinical | 12/30/18 | $916,827 |
Biomedical Primate Research Center Research | 12/30/18 | $667,795 |
Iqvia Ltd Clinical | 12/30/18 | $829,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $800,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,210 |
| Total Program Service Revenue | $0 |
| Investment income | $54,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $570,546 |
| Compensation of current officers, directors, key employees. | $570,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,717 |
| Payroll taxes | $75,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,488 |
| Fees for services: Accounting | $273,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,139 |
| Travel | $6,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $308,779 |
| All other expenses | $248,223 |
| Total functional expenses | $1,923,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,804,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,562 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,910 |
| Total assets | $3,261,871 |
| Accounts payable and accrued expenses | $31,226 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,226 |
| Net assets without donor restrictions | $1,541,571 |
| Net assets with donor restrictions | $1,689,074 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,261,871 |