Program areas at Insitech
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.
The in-kind services provided by Insitech have historically been carried out by the u.s. army's picatinny arsenal. These functions are essential to picatinny's existence, and would be a burden to picatinny if assumed by the base. Insitech provides many of these essential requirments through in-kind services, enabling picatinny to achieve higher efficiency and effectiveness in managing and using its resources and, therefore, actually lessening the burden of picatinny in carrying out its mission.
Personnel at Insitech
Name | Title | Compensation | Date of data |
---|
Timothy Teen | Chief Executive Officer | $240,000 | 2021-12-31 |
Joseph Moran | President and Chief Financial Officer | $240,000 | 2022-11-15 |
Michael P Devine | President | $80,000 | 2014-12-31 |
Financials for Insitech
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Investment income and dividends | $33 | $99 | -66.7% |
Net rental income | $16,228 | $15,285 | 6.2% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Gross sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $14,154,017 | $14,451,565 | -2.1% |
Total revenues | $14,170,278 | $14,466,949 | -2.1% |
Organizations like Insitech
Organization | Type | Location | Revenue |
---|
David and Laura Merage Foundation | 501(c)(3) | Englewood, CO | $5,232,415 |
Harold and Arlene Schnitzer Care Foundation | 501(c)(3) | Portland, OR | $7,711,813 |
Irving S Gilmore Foundation | 501(c)(3) | Kalamazoo, MI | $17,304,547 |
Community Facility Public Private Partnerships | 501(c)(3) | Minnetonka, MN | $14,030,197 |
MG and Lillie A Johnson Foundation | 501(c)(3) | Victoria, TX | $13,869,908 |
The Charles Lafitte Florida Foundation | 501(c)(3) | Jupiter, FL | $26,581,015 |
Merancas Foundation | 501(c)(3) | Charlotte, NC | $14,755,922 |
The Hamilton Company Charitable Foundation | 501(c)(3) | Allston, MA | $7,187,592 |
The Gerber Foundation | 501(c)(3) | Fremont, MI | $3,915,354 |
Charles and Helen Schwab Foundation | 501(c)(3) | San Francisco, CA | $42,556,908 |
Data update history
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 13, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 7, 2021
Posted financials
Added Form 990PF for fiscal year 2019
November 30, 2019
Posted financials
Added Form 990PF for fiscal year 2018
September 30, 2019
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 16 Mount Bethel Rd
- Warren, NJ 07059
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Somerset County, NJ
- Website URL
- insitech.org/
- Phone
- (732) 539-1609
IRS details
- EIN
- 32-0098519
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 2004
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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