Insitech Inc

Organization Overview

Insitech Inc is located in Warren, NJ. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insitech 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, Insitech Inc generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $15.2m during the year ending 12/2021. While expenses have increased by 55.9% 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO LEVERAGING PRIVATE SECTOR RESOURCES TO SOURCE, EVALUATE AND COMMERCIALIZE DUAL USE TECHNOLOGY, BENEFITING THE WAR FIGHTER AND TAXPAYER BY REDUCING THE BURDEN OF GOVERNMENT. INSITECH IS CONTRACTED BY THE MILITARY TO USE INNOVATIVE BUSINESS PRACTICES TO ADDRESS KEY MILITARY STRATEGIC INITIATIVES/CHALLENGES BUSINESS PRACTICES TO ADDRESS KEY MILITARY STRATEGIC INITIATIVES/CHALLENGES SINCE 2004, INSITECH HAS WORKED WITH THE DOD TO INCREASE THE LIKLIHOOD OF SUCCESS WITH COOPERATIVE TECHNOLOGY ACTIVITIES, CONCENTRATING ON SMALL BUSINESS. CHIEF AMONG INSITECH'S ACCOMPLISHMENTS IS THE ENHANCED USE LEASE INITIATIVE THAT ALLOWS FOR INDEPENDENT DEVELOPMENT OF NON-EXCESS PROPERTY OWNED BY THE MILITARY TO HOUSE MISSION RELATED CORPORATE ENTITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph N Moran
President/cfo
$240,000
Timothy Teen
CEO
$240,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $99
Dividends & Interest $0
Net Rental Income$15,285
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $14,451,565
Total Revenue $14,466,949

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