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Insitech Inc. is a private corporation based in WARREN, NJ. The foundation received its IRS ruling in 2004. The principal officer is % Joseph Moran. It holds total assets of $4.6M. Annual income is reported at $22.1M. APPROACH 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 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. According to available records, Insitech Inc. has made 4 grants totaling $27K, with a median grant of $3K. Annual giving has grown from $175 in 2022 to $27K in 2023. Individual grants have ranged from $175 to $20K, with an average award of $7K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New York and New Jersey. Contributions to this foundation are tax-deductible.
INSITECH IS A NON-PROFIT PARTNERSHIP INTERMEDIARY FOR THE U.S. DEPARTMENT OF DEFENSE (DOD), WITH A BUSINESS MODEL THAT REPRESENTS AN INNOVATIVE APPROACH 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 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.
Expenses: $16.3M
APPROACH 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 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. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Insitech Inc. has distributed a total of $27K across 4 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $175 to $20K.
Insitech Inc. typically selects its grantees rather than accepting unsolicited proposals.
Insitech Inc. is headquartered in WARREN, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph N Moran | PRESIDENT/CFO | $495K | $0 | $495K |
| Timothy Teen | CEO | $250K | $67K | $317K |
Total Giving
$25.2M
Total Assets
$814K
Fair Market Value
$139K
Net Worth
$-1,038,561
Grants Paid
$27K
Contributions
$0
Net Investment Income
$15
Distribution Amount
$0
Total Grants
4
Total Giving
$27K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
4
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nanotechnology Industries AssocRESEARCH | Brussels | $20K | 2023 |
| First Tee Metropolitan NyYOUTH DEVELOPMENT | Bronx, NY | $5K | 2023 |
| Njsga Caddie Scholarship FundSCHOLARSHIP | Kenilworth, NJ | $2K | 2023 |
| Wounded WarriorCARE OF VETERANS | New York, NY | $175 | 2022 |
NEWPORT BEACH, CA
SAN FRANCISCO, CA
BROOKLINE, MA
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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