2025-11-17T16:03:13-07:00 2023-12-31 Accounting Solutions Group 440 Silver Brook Drive Woodstock GA 30188 990 2023-01-01 743182378 INSAAN GROUP INSA 6786563896 105 Fifth Avenue 8C New York NY 10003 Farahnaz Karim Executive Director 6786563896 2024-11-15 1 1 Shaillie Thompson P01779781 6786563896 2024-11-15 X 2023 2025-03-06 01:10:19Z X Farahnaz Karim 105 Fifth Avenue 8C New York NY 10003 418885 0 X www.insaangroup.org X 2006 NY See Schedule O 5 5 0 10 0 0 139669 418885 -50000 0 0 0 0 0 89669 418885 227 242596 0 0 131410 150277 0 0 1986 101607 211631 233244 604504 -143575 -185619 891543 878115 2768 100959 888775 777156 Insaan's mission is to engage in high-impact or catalytic philanthropy that changes the lives of many, for better, for good. To achieve his, Insaan invests in innovative social enterprises that create employment and/or deliver a product/service relevant to the poor, and is engaged in global efforts to set performance standards in the philanthropic space. 0 0 128144 10000 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/ 8400 0 150000 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. 242596 242596 248596 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. 121647 0 0 Supply Chain - Madagascar - During the year, the organization reviewed outstanding pledges. Following this review, a pledge determined to be uncollectible was written off. This adjustment ensures that the financial statements and Form 990 accurately reflect the resources available to support program services. Insaan made its first catalytic investment in Madagascar in 2021 by investing in the start-up Malakass which specializes in the transformation of cassava into high quality flour. Malakass' vision is aligned with the national "Made in Madagascar" strategy and targets a region vulnerable to famines. Insaan and its coinvestors support allow the company to put into operation its factory, structure its supply network, obtain essential certifications for export & implement commercial & communication actions that allow the brand to be widely distributed in Madagascar and creating a lasting impact. 121647 0 0 500787 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X Farahnaz Karim 6786563896 105 Fifth Avenue 8C New York NY 10003 Farahnaz Karim Chief Executive Officer 40.0 0.0 X 37500 0 0 Bashar Chalabi Director 1.0 0 X 0 0 0 Amelie Zegmout Director 1.00 0 X 0 0 0 Elizabeth Kronoff Director 2.0 0 X 0 0 0 Leonard Stall Board of Directors 3.00 0 X 0 0 0 37500 0 0 0 0 0 0 0 0 0 0 0 0 418885 0 418885 0 0 0 0 0 0 0 0 418885 0 0 0 X 0 0 0 0 242596 242596 0 0 111500 28500 83000 0 0 0 0 0 38777 30527 7250 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13964 4800 9164 0 0 0 0 0 0 0 0 0 0 0 25634 25634 0 0 213 0 0 213 215 63 152 0 2358 818 1540 0 0 0 0 0 3600 3600 0 0 3846 2602 475 769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bad Debt Expense 161647 161647 0 0 Bank Fees 154 0 150 4 604504 500787 101731 1986 104502 191100 285290 158140 166 3730 501585 525145 891543 878115 2768 2363 98596 2768 100959 X 592588 581284 296187 195872 888775 777156 891543 878115 -185619 0 74000 0 0 0 X 1 X 0 0 0 X 90618 622287 383825 139669 418885 1655284 90618 622287 383825 139669 418885 1655284 1216866 438418 1655284 0.26486 0.31131 X Over the years, Insaan has explored crowdfunding in the US and globally, and it maintains a consistent engagement with the public through its social media presence which includes not only the promotion of its own activities, but the dissemination of thought pieces on high-impact philanthropy and evidence of its impact on-the-ground. However, because of the high cost of fund-raising from a broad base (i.e. high marketing costs which are generally not covered by donors), Insaan's strategy is to continue to engage with larger public institutions including foundations and philanthropists to raise larger long-term commitments. Governmental funding in international development is a limited option given a global emphasis on local funding and a very specific set of requirements which generally exclude intermediaries. Insaan's governance structure ensures that Insaan's work serves the interests of those benefiting from philanthropy (i.e. the end-users) as well as the public at large, including public foundations. For instance, its platform, Impact Footprint, is designed to showcase innovations of local solutions to meet the UN Sustainable Development Goals for the benefit of all stakeholders. As an ecosystem innovation, Impact Footprint exists to accelerate the financing of philanthropic funding at scale to benefit the 3 billion people living in low-income communities. In addition, Insaan contributes thought leadership pieces and podcasts, engaging in discussions around innovations and impact in philanthropy, thereby amplifying its resonance in the public domain. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Program Note Receivable - Mela Artisans 75000 F Program Investment - Access Afya 109775 F Program Investment - Powered by People 50000 C Program Investment - Essmart Global 75000 C Program Investment - Malakass 69551 C Program Investment - Aakar Innovations 97259 C Program Investment - Lal10 48560 C 525145 1 Sub-Saharan Africa 0 0 Grantmaking Access Afya - Kenya. Insaan supports the growth of Access Afya, a social enterprise creating a model for integrated community health with a chain of micro-clinics in Nairobi's informal settlements and a Healthy Schools program that delivers check-ups, treatments, and training to children in their schools. 242596 South Asia 0 0 Investments Mela Artisans - India. Insaan supports Mela Artisans to create sustainable livelihoods for India's artisans and contribute to the survival of Indian crafts. Mela Artisans is a luxury lifestyle brand that celebrates local artisans' skills and fosters entrepreneurship and social revival in poor communities in India. It has opened international distribution channels in the luxury space in the US and Canada for handcrafts that would otherwise not be "exportable." A percentage of profits are reinvested back into the artisan communities to provide medical camps for healthcare checkups, vision exams to get new glasses or treat cataracts, and access to light/energy with solar lamps. 75000 Sub-Saharan Africa 0 0 Investments Access Afya - Kenya. Insaan supports the growth of Access Afya, a social enterprise creating a model for integrated community health with a chain of micro-clinics in Nairobi's informal settlements and a Healthy Schools program that delivers check-ups, treatments, and training to children in their schools. 109775 Sub-Saharan Africa 0 0 Investments Powered by People. Insaan supports Powered by People to enable small batch producers to be a viable alternative for buyers to traditional mass manufacturing suppliers. Their maker led technology system ecosystem is designed for small batch production and supports an informal, distributed workforce. They are committed to working with socially and environmentally responsible makers and brands. 50000 Sub-Saharan Africa 0 0 Investments Malakass - Madagascar. Insaan supports Malakass to put into operation its factory that transforms cassava into high quality flour, structure it's supply network, obtain essential certifications for export & implement commercial & communication actions that will allow the brand to be widely distributed in Madagascar, targeting a region vulnerable to famines and creating a lasting impact. 69551 South Asia 0 0 Investments Aakar Innovations - India. Insaan supports Aakar Innovations, whose revolutionary technology has received a Government of India patent, aims to be a solution provider in menstrual hygiene, and other related products. 97259 South Asia 0 0 Investments Lal10 - India. Insaan supports Lal10's 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. 48560 0 0 692741 Sub-Saharan Africa Access Afya - Kenya. Insaan supports the growth of Access Afya, a social enterprise creating a model for integrated community health with a chain of micro-clinics in Nairobi's informal settlements and a Healthy Schools program that delivers check-ups, treatments, and training to children in their schools. 242596 Wire transfer Cost 1 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Insaan monitors its grants through a rigorous process of field due diligence, and periodic field visits to capture data on its social investments. It produces regular in-depth reports for its social investors. Form 990, Header, Line B The organization is filing this amended Form 990 to reflect changes to the financial statements identified during an external review that was completed subsequent to the original filing. The review resulted in adjustments to certain financial figures, which are now incorporated into this amended return to ensure accuracy and consistency with the organization's audited/reviewed financial records. No other substantive changes were made beyond those required to align the Form 990 with the corrected financial information. Form 990, Part I, Line 1 Insaan's mission is to engage in high-impact or catalytic philanthropy that changes the lives of many, for better, for good. To achieve this, Insaan invests in social enterprises that create employment and/or deliver a product/service relevant to the poor and is engaged in global efforts to set performance standards in the philanthropic space. Form 990, Part VI, Section B, Line 11b Insaan will provide a complete copy of Form 990 to all members of its governing body to review prior to filing via email. Form 990, Part VI, Section B, Line 12c All directors and principal officers are required to sign the organization's conflict of interest policy and to disclose actual or potential conflicts of interest on an annual basis. Form 990, Part VI, Section C, Line 19 Governing documents, conflicts of interest policy and financial statements are made available to the public during the tax year upon request. Form 990, Part IX, Line 11g Program Consultants