Nonprofit · EIN 74-3182378
INSAAN GROUP
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $210,885 | $164,056 | $46,829 | $826,212 | $2,228 | $823,984 |
| December 31, 2023 | 990 (amended) | $418,885 | $604,504 | -$185,619 | $878,115 | $100,959 | $777,156 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $208,485
- Program service revenue
- $2,400
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $98,000
- Compensation of officers, directors and key employees
- $31,681
- Other salaries and wages
- $14,462
- Salaries, compensation and benefits (total)
- $46,143
- Professional fundraising fees
- $0
- Accounting fees
- $9,777
- Occupancy
- $3,600
- Travel
- $188
- Program services (functional)
- $133,717
- Management and general (functional)
- $30,279
- Fundraising (functional)
- $60
Balance sheet and other
- Total assets, start of year
- $878,115
- Total assets, end of year
- $826,212
- Total liabilities, end of year
- $2,228
- Net assets, end of year
- $823,984
- Net assets without donor restrictions
- $639,595
- Net assets with donor restrictions
- $184,389
- Gross receipts
- $212,785
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2006
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Farahnaz Karim | Chief Executive Officer Officer | 40 | $0 | $31,681 |
| Bashar Chalabi | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth Kronoff | Director Trustee or director | 2 | $0 | $0 |
| Hamza Ben Abderahmen | Director Trustee or director | 1 | $0 | $0 |
| Randeep Kaur | Director IGF Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Farahnaz Karim | Chief Executive Officer Officer | 40 | $37,500 |
| Bashar Chalabi | Director Trustee or director | 1 | $0 |
| Amelie Zegmout | Director Trustee or director | 1 | $0 |
| Elizabeth Kronoff | Director Trustee or director | 2 | $0 |
| Leonard Stall | Board of Directors Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 105 5TH AVE APT 8C, NEW YORK, NY 10003-1016
- In care of
- % FARAHNAZ KARIM
- Mailing address (990-N for 2012)
- 105 Fifth Ave, New York NY 10003
- Principal officer (990 for 2024)
- Farahnaz Karim, 105 Fifth Avenue, 8C, New York, NY 10003
- Principal officer (990-N for 2012)
- Farahnaz Karim, 105 Fifth Ave, New York NY 10003
- Signed the 990
- Farahnaz Karim, Executive Director
- Phone
- (678) 656-3896
- Website
- insaangroup.org
- Return prepared by
- Thompson Accounting Solutions LLC
Mission
Insaan means human. Insaan's mission is to change the lives of many, for better, for good. We do this by investing in solutions to poverty. We provide catalytic capital to early-stage ventures that create employment and/or deliver a service or product relevant to low-income, under-served markets with a focus on sub-Saharan Africa and India.
Program accomplishments
- 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/Expenses $27,317 · revenue $14,144
- Insaan Group Foundation - 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.Expenses $8,400
- Education (Gyan Shala) - Gyan Shala designs highly structured curricula to deliver low-cost, quality education at scale to children living in slums in India. Since 2012, Insaan has been supporting Gyan Shala through grants, pro bono assistance on videography/photography and monitoring and evaluation work, with a focus on end-users. In 2015, Insaan Group was Gyan Shala's evaluation partner as part of a multi-year grant led by the MacArthur Foundation (and a consortium of eight foundations including the Mastercard Foundation, Intel Foundation, Dubai Cares) focused on piloting their high school program in Gujarat. In 2024, Gyan Shala continued to run elementary and middle school programs in seven cities and four states in India, with a focus on partnerships with state governments to replicate its model in public schools, thus scaling its impact.Expenses $98,000 · grants $98,000 · revenue $98,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3182378
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $826,212
- Income (IRS master file)
- $212,785
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $210,885 | $164,056 | $826,212 | XML |
| 990 | December 2023 | $418,885 | $604,504 | $878,115 | XML |
| 990 | December 2022 | $89,669 | $233,244 | $891,543 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2012 Officer: Farahnaz Karim | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-3182378).
Questions about INSAAN GROUP
- What is the EIN of INSAAN GROUP?
- The employer identification number (EIN) of INSAAN GROUP is 74-3182378.
- Is INSAAN GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to INSAAN GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSAAN GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSAAN GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSAAN GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSAAN GROUP?
- The 990 for the year ended December 31, 2024 names Farahnaz Karim.
- Who are the officers and directors of INSAAN GROUP?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does INSAAN GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $210,885, expenses of $164,056 and total assets of $826,212 at year end.
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