NonprofitsOctane Foundation For Innovation

Community Improvement & Capacity Building

Octane Foundation For Innovation

NEWPORT BEACH, CA

Total revenue

$910K

Total expenses

$964K

Net assets

Grants received

$1.8M

18 grants

EIN

900176361

Tax year

2024

Mission

The octane foundation for innovation (ofi) is focused on advancing biomedical and information technology innovation and entrepreneurship within orange county.

Financials

FY 2024

Revenue

Contributions & grants$907K
Program service revenue
Investment income$343
Other revenue$2K
Total revenue$910K

Expenses

Grants paid
Salaries & benefits$356K
Fundraising
Other expenses$608K
Total expenses$964K
Total assets$1.0M
Net assets

People

28 listed

NameRoleCompensation

WILLIAM CARPOU

EXECUTIVE DIRECTOR

Board

0.5 hrs/wk

HALEH ARMIAN

BOARD MEMBER

Board

0.5 hrs/wk

SHERYL BOURGEOIS

BOARD MEMBER (UNTIL 12/10/24)

Board

0.5 hrs/wk

LINNEA BURMAN

BOARD MEMBER

Board

0.5 hrs/wk

SEAN CRAFTS

BOARD MEMBER

Board

0.5 hrs/wk

LINDA DIMARIO

BOARD MEMBER

Board

0.5 hrs/wk

JAG DOSANJH

BOARD MEMBER

Board

0.5 hrs/wk

BRUCE FEUCHTER

BOARD MEMBER

Board

0.5 hrs/wk

RUSS GARCIA

BOARD MEMBER

Board

0.5 hrs/wk

MARINELA GOMBOSEV

BOARD MEMBER

Board

0.5 hrs/wk

EMILE HADDAD

BOARD MEMBER (UNTIL 12/10/24)

Board

0.5 hrs/wk

BRUCE HALLETT

BOARD MEMBER

Board

0.5 hrs/wk

BOB JACOBSON

BOARD MEMBER

Board

0.5 hrs/wk

JASON LANTGEN

BOARD MEMBER

Board

0.5 hrs/wk

JENNIFER LEUER

BOARD MEMBER

Board

0.5 hrs/wk

WAYNE MARKOWITZ

BOARD MEMBER

Board

0.5 hrs/wk

GORAN MATIJASEVIC

BOARD MEMBER

Board

0.5 hrs/wk

CELINE MARTIN

BOARD MEMBER

Board

0.5 hrs/wk

JIM MAZZO

BOARD MEMBER

Board

0.5 hrs/wk

DAVID MOATAZEDI

BOARD MEMBER

Board

0.5 hrs/wk

NEIL SAHOTA

BOARD MEMBER (UNTIL 12/10/24)

Board

0.5 hrs/wk

CARRIE STROM

BOARD MEMBER

Board

0.5 hrs/wk

BRETT WALL

BOARD MEMBER

Board

0.5 hrs/wk

SCOTT WHITCUP

BOARD MEMBER

Board

0.5 hrs/wk

CLAY WILEMON

BOARD MEMBER

Board

0.5 hrs/wk

IAN WILLIAMSON

BOARD MEMBER

Board

0.5 hrs/wk

DOMINIQUE WORTHINGTON

BOARD MEMBER (UNTIL 12/10/24)

Board

0.5 hrs/wk

JANELLE BRUNETTE

CHIEF OPERATING OFFICER

Board

6 hrs/wk

Grants received

Showing 18 of 18

FromAmountPurposeYear
$334K
HEALTHSOCAL.AI
2024
$115K
CASH MATCH GRANT TO OCTANE FOUNDATION INNOVATION PER AGREEMENT W/ SBDC AND OCTANE
2024
$333K
MEDICAL/HEALTH
2023
$122K
CASH MATCH GRANT TO OCTANE FOUNDATION INNOVATION PER AGREEMENT W/ SBDC AND OCTANE
2023
$90K
NON-PROFIT ACCELERATOR (NPA) & NPA 2.0 BUILDING CAPACITY, IMPROVING SUSTAINABILITY AND INCREASING COMMUNITY IMPACT
2023
$47K
HUMAN SERVICES
2023
$20K
SCIENCE EDUCATION
2023
$10K
Outreach program to advance underrepresented youth along stem innovation pipeline
2023
$333K
HEALTH
2022
$75K
NON-PROFIT ACCELERATOR (NPA) & NPA 2.0 BUILDING CAPACITY, IMPROVING SUSTAINABILITY AND INCREASING COMMUNITY IMPACT
2022
$12K
PUBLIC, SOCIETAL BENEFIT
2022
$10K
Outreach program to advance underrepresented youth along stem innovation pipeline
2022
$50K
GENERAL SUPPORT
2021
$30K
Develop framework and implementation timeline to bring together outreach programs within Octane that reach untapped talent and advance youth along STEM innovation pipeline with OS STEM
2021
$75K
COMMUNITY GRANT
2020
$68K
CASH MATCH GRANT TO OCTANE FOUNDATION INNOVATION PER AGREEMENT W/ SBDC AND OCTANE
2020
$50K
GENERAL SUPPORT
2020
$30K
Development and implementation of guidelines and application of post graduate - entrepreneurial and incubator methodologies for student participants in university workshops
2020

Funded by

$1.8M from 7 funders · 18 grants · 2020–2024

Samueli Foundation

$1M · 3 grants · 2022–2024

Orange County Technology Action Network

$306K · 3 grants · 2020–2024

Edwards Lifesciences Foundation

$240K · 3 grants · 2020–2023

The Beall Family Foundation

$100K · 2 grants · 2020–2021

Broadcom Foundation

$80K · 4 grants · 2020–2023

National Philanthropic Trust

$59K · 2 grants · 2022–2023

Sun Family Foundation

$20K · 1 grant · 2023

Details

EIN900176361
NTEE codeS02
Subsection03
Ruling date2005-08
Formed2004
Employees0
Volunteers300
OCTANE FOUNDATION FOR INNOVATION — Mission, Financials & Grants Received | Grantivo