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Iris Fund EIN 93-1891413

Iris Fund

EIN  93-1891413 Public foundation / grantmaker Ridgefield, CT
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Size
$100K–1M
What they do
Funds research to understand labor triggers, preventing preterm births.
Leadership
Brittney Crystal · Executive Director · $100K
Money in and out
$488K revenue, $468K expenses
Bottom line
70% program efficiency

Funds research to understand labor triggers, preventing preterm births. For fiscal year 2025 it reported $488K in revenue, $468K in expenses, and $431K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$488K
Pt VIII · Ln 12
Total expenses
$468K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.08 Fundraising $0.22
Program efficiency
70%
of spending reaches programs▼ -14% vs prior filing year
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$488K
FY2025▼ -14%
Expenses
$468K
FY2025▲ +52%
Total assets
$431K
FY2025▲ +5%
Total liabilities
$0
FY2025
Total revenue
$488K
Pt VIII · Ln 12
Total expenses
$468K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$431K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $328K of program spending, described in the organization's own filed words · FY2025.
01

The Organization's primary focus is to advance innovative research into what triggers labor in full-term pregnancies, with the goal of preventing preterm birth. The Iris Fund does this by making grants to leading institutions and universities to support multidisciplinary studies that integrate clinical care with engineering and…

$328Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIris Fund
EINHdr · item D93-1891413
Principal addressHdr · item CRidgefield, CT
WebsiteHdr · item Jwww.theirisfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJul 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Brittney Crystal
Executive Director
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Earl Moran
Board Member
$0Pt VII · Sec A
Heike Sommer
Treasurer
$0Pt VII · Sec A
Harold Jacobi
Secretary
$0Pt VII · Sec A

Brittney Crystal’s $100K as Executive Director is at the 85th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Brittney Crystal$100,000$80,769

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$478K · 98%
Investment income$10K · 2%
Contributions & grants98%$478K
Investment income2%$10K
Total revenueLn 12$488K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.08 Fundraising $0.22
Program services70%$328K
Management & general8%$39K
Fundraising22%$102K
Total functional expensesLn 25$468K

Balance Sheet

Part X · end of year
CashLn 1$189K
Total assetsLn 16$431K
Total liabilitiesLn 26$0
Total net assetsLn 32$431K
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $431K · Operating expenses/yr $468K
11.1 months
Where the money goes
Program services
Program services $328K · Total expenses $468K
70%
Management & General
Management & general $39K · Total expenses $468K
8%
Fundraising
Fundraising $102K · Total expenses $468K
22%
Cost to raise $1
Fundraising expense (2-yr avg) $74K · Solicited contributions (2-yr avg) $522K
$0.14 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $478K · Total revenue $488K
98%
Government reliance
Government grants — · Total revenue $488K
—
Earned-income share
Program service revenue $0 · Total revenue $488K
0%
Investment reliance
Investment income $10K · Total revenue $488K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $468K
0%
Growth & trend
Revenue growth (YoY)
This year $488K · Prior year $566K
-14%
Net-asset trend (YoY)
End of year $431K · Beginning of year $411K
+5%
Balance sheet
Surplus Margin
Revenue $488K · Expenses $468K
+4%
Liabilities-to-Assets
Total liabilities $0 · Total assets $431K
0%
Net-asset ratio
Net assets $431K · Total assets $431K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $242K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $431K
56%
People & payroll
Highest Reported Total Compensation
Individual Brittney Crystal · Reported title Executive Director · Highest reported compensation $100K · Total expenses $468K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $108K · Total expenses $468K
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 8%——
Fundraising cost ratio 21%——
Revenue growth -14%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Tortimaki FoundationFY2025$10K
Howard and Sarah D Solomon FoundationFY2025$1K
Total grants receivedfrom 2 funders$11K
Grants paid · 5 grants · $385K · 2024–2025
The Trustees of Columbia University in the City of New YorkNY · FY2025$150,000
University of Wisconsin School of Medicine and Public HealthFY2025$43,200
University of UtahUT · FY2025$20,000
The Trustees of Columbia University in the City of New YorkNY · FY2024$150,000
University of Wisconsin School of Medicine and Public HealthFY2024$21,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$488K revenue · viewing · ⤓ 990 PDF
FY2024$566K revenue · ⤓ 990 PDF
FY2023$160K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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