Insight Research Institute

Nonprofit profile at a glance

EIN
841835242
IRS 990 coverage
2020–2022
Forms available
Form 990 2022, Form 990-N 2019
Location
Flint, MI, USA
Phone
8107328336
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Neurology, Neuroscience Research

Reported finances

Revenue
$1,079,880
Expenses
$770,851
Assets
$348,276
Liabilities
$37,200

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DR JAWAD SHAH (PRESIDENT)

Highest reported compensation

  • ABEER AL-GHARAIBEH (DIR/EXECUTIV): $22,988 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Insight research institute is a not-for-profit scientific organization and incubator sponsored by insight. Iri focuses on conducting applied research that leads to insightful, innovative and progressive solutions for the neurosciences and medicine. The institute originates and collaborates in biomedical research projects, whose primary goals may be in the basic sciences or clinical applications.

What it reported doing in 2022

The core purpose is to drive positive and productive relationships with individuals, businesses, and educational institutions within our growing national and international network of collaborators.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 85
  • Accountability: 50
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.9%; rating input score 63
  • Program expense ratio: 88.1%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 13th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 67.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 77.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 39% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 62.9% of revenue deployed · 88.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $679K in reported program spending
  • Leadership: top reported pay $23K · 3 people listed
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.