OCTANE FOUNDATION FOR INNOVATION Charity Report

Public IRS 990 nonprofit record

OCTANE FOUNDATION FOR INNOVATION

EIN 90-0176361 · Management & Technical Assistance - Community Improvement & Capacity Building (S02)

What they do

OCTANE FOUNDATION for INNOVATION (OFI) is TARGETED to ADVANCE EQUITY, DIVERSITY, and INCLUSIVENESS ACROSS ALL INDUSTRY SECTORS WITH THE MISSION of GROWING & STRENGTHENING THE SOUTHERN CALIFORNIA INNOVATION ECOSYSTEM BY CREATING JOBS, SCALING STARTUPS, and DEVELOPING BUSINESSES. OFI ENHANCES THE ECONOMIC VITALITY of THE REGION, CONTRIBUTING to A SUSTAINABLE ECOSYSTEM and AUGMENTING THE LIVE/WORK EXPERIENCE IN ORANGE COUNTY, CA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

105.99%of revenue went to mission work100.0% of expenses · Program services

$105.99spent for every $100 of revenueSpending was higher than revenue this year.

$1.08in assets for every $1 spent this yearSome assets cannot be spent right away.

99.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $54,458 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $23,588 for WILLIAM CARPOU (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$909,812

Mission workProgram services$964,270105.99% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$964,270105.99% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.99% of revenue

2023Expense mix: 95.6% mission · 4.4% management · 0.0% fundraisingTotal expenses: 128.97% of revenue

2022Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 122.14% of revenue

2021Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 123.79% of revenue

2020Expense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 108.09% of revenue

2019Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 135.73% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 74.08% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 73.71% of revenue

Money in and money out

Revenue$909,812

Expenses$964,270

Annual shortfall $54,458 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$964,270 · 100.0% of expenses

See all reported dollar amounts

Revenue$909,812

Expenses$964,270

Assets$1,045,051

Income$909,812

Contributions$907,469

Mission work (program services)$964,270

Grants given$35,000

Average grant$17,500

Accounting fees$5,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WILLIAM CARPOUEXECUTIVE DIRECTOR $23,588Base · Other $23,588

JANELLE BRUNETTECHIEF OPERATING OFFICER · 6 hrs/week $21,717Base · Other $21,717

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

WILLIAM CARPOUEXECUTIVE DIRECTOR

JANELLE BRUNETTECHIEF OPERATING OFFICER

JASON LANTGENBOARD MEMBER

BRETT WALLBOARD MEMBER

WAYNE MARKOWITZBOARD MEMBER

SHERYL BOURGEOISBOARD MEMBER (UNTIL 12/10/24)

SEAN CRAFTSBOARD MEMBER

SCOTT WHITCUPBOARD MEMBER

RUSS GARCIABOARD MEMBER

NEIL SAHOTABOARD MEMBER (UNTIL 12/10/24)

MARINELA GOMBOSEVBOARD MEMBER

LINNEA BURMANBOARD MEMBER

LINDA DIMARIOBOARD MEMBER

JIM MAZZOBOARD MEMBER

JENNIFER LEUERBOARD MEMBER

BRUCE FEUCHTERBOARD MEMBER

BOB JACOBSONBOARD MEMBER

JAG DOSANJHBOARD MEMBER

IAN WILLIAMSONBOARD MEMBER

HALEH ARMIANBOARD MEMBER

GORAN MATIJASEVICBOARD MEMBER

EMILE HADDADBOARD MEMBER (UNTIL 12/10/24)

DOMINIQUE WORTHINGTONBOARD MEMBER (UNTIL 12/10/24)

DAVID MOATAZEDIBOARD MEMBER

CLAY WILEMONBOARD MEMBER

CELINE MARTINBOARD MEMBER

CARRIE STROMBOARD MEMBER

BRUCE HALLETTBOARD MEMBER

About this charity

Recognized since: January 2005
Location: 4041 MACARTHUR BLVD STE 260, NEWPORT BEACH, CA 92660-2534
County: Orange
In care of: WILLIAM CARPOU
Primary officer: WILLIAM CARPOU, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@octaneoc.org Phone(949) 459-3366

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Management & Technical Assistance - Community Improvement & Capacity Building (S02)
IRS tax category: Management & Technical Assistance
Grant-giving organization: Yes