Insaan Group
- Assets
- $891.5k
- Revenue
- $89.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 74-3182378
Organization Overview
Insaan Group is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insaan Group 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 12/2022, Insaan Group generated $89.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $233.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT FOOTPRINT - THIS PROGRAM EXPENSE WAS USED TO BUILD IMPACT FOOTPRINT. IMPACT FOOTPRINT IS A NEW DIGITAL TOOL TO ACCELERATE THE FINANCING OF INNOVATIVE SOLUTIONS CONTRIBUTING TO THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS. POWERED BY ACCESSIBLE AND STANDARDIZED DATA, IT ENABLES CHANGEMAKERS TO SHOWCASE THEIR STORY AND IMPACT, AND ALLOWS PHILANTHROPISTS AND IMPACT INVESTORS TO DISCOVER AND ACCELERATE THE FINANCING OF LOCAL SOLUTIONS. IMPACT FOOTPRINT (IF) IS A PUBLIC GOOD AND REGISTRATION IS FREE. IT IS POWERED BY INSAAN GROUP, A PHILANTHROPIC ENTITY THAT INVESTS IN SOLUTIONS TO POVERTY AND BRINGS SYSTEMIC CHANGE THROUGH INNOVATION. INSAAN MEANS HUMAN. THE PLATFORM CAN BE SEEN HERE: HTTPS://IMPACTFOOTPRINT.ORG/
INSAAN GROUP FOUNDATION - IN 2022 INSAAN MADE CATALYTIC INVESTMENTS IN 1. AAKAR INNOVATIONS, WHOSE REVOLUTIONARY TECHNOLOGY HAS RECEIVED A GOVERNMENT OF INDIA PATENT AND AIMS TO BE A SOLUTION PROVIDER IN MENSTRUAL HYGIENE, AND OTHER RELATED PRODUCTS; AND 2. LAL10, A WHOLESALE PLATFORM FOR HANDICRAFT ENTERPRISES IN INDIA, DRIVING A MAKER'S REVOLUTION BY DIGITIZING SMALL AND MEDIUM RURAL MANUFACTURERS TO TAKE THEIR SUSTAINABLE PRODUCTS TO GLOBAL MARKETS. INSAAN IS REGISTERED IN INDIA AS INSAAN GROUP FOUNDATION, HENCE THE ADMINISTRATIVE COSTS. ITS OPERATIONAL IMPACT IS CURRENTLY LIMITED BY FOREIGN FUNDS' TRANSFER REGULATIONS IN INDIA, AND THE TEAM'S LIMITED CURRENT CAPACITY TO INVEST IN LOCAL FUNDRAISING THERE.
HEALTH (ACCESS AFYA, LLC) - IN 2016, INSAAN JOINED A TEAM OF AID AGENCIES, FOUNDATIONS AND IMPACT ENTREPRENEURS IN SUPPORTING THE GROWTH OF ACCESS AFYA, A MICRO-CLINIC MODEL SERVING THE POOREST IN THE SLUMS OF NAIROBI BY PROVIDING PATIENT-CENTERED, LOW-COST, HIGH QUALITY, OUTCOME-FOCUSED DECENTRALIZED HEALTHCARE. ACCESS AFYA ALSO WORKS WITH COMMUNITIES IN SCHOOLS AND FACTORIES FOR PREVENTION AND TREATMENT. IN 2020, IN RESPONSE TO THE COVID-19 GLOBAL PANDEMIC, INSAAN HELPED FACILITATE SUPPORT ON BEHALF OF ACCESS AFYA WHO WORKED ON THE FRONTLINE PROMOTING AWARENESS AND PREVENTION, TOGETHER WITH WHO AND THE MINISTRY OF HEALTH, AND LAUNCHED A TELEMEDICINE PLATFORM TO TREAT AND ADVISE PATIENTS ONLINE KEEPING THEM AT HOME AND OUT OF CROWDED CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farahnaz Karim Chief Executive Officer | Officer | 40 | $36,000 |
Bashar Chalabi Director | Trustee | 1 | $0 |
Amelie Zegmout Director | Trustee | 1 | $0 |
Elizabeth Kronoff Director | Trustee | 2 | $0 |
Leonard Stall Board Of Directors | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,669 |
| Total Program Service Revenue | -$50,000 |
| Investment income | $0 |
| 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 | $89,669 |
| 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 | $227 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $87,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,329 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $847 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $233,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $285,290 |
| Accounts receivable, net | $0 |
| 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 | $166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $501,585 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $891,543 |
| Accounts payable and accrued expenses | $2,768 |
| 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 | $2,768 |
| Net assets without donor restrictions | $592,588 |
| Net assets with donor restrictions | $296,187 |
| 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 | $891,543 |