Clever Octopus Inc
- Assets
- $7.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 30
- Location
- Salt Lake City, UT
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 47-3829287
Organization Overview
Clever Octopus Inc is located in Salt Lake City, UT. The organization was established in 2016. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2023, Clever Octopus Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clever Octopus Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLEVER OCTOPUS IS A WASTE-BASED NONPROFIT ORGANIZATION THAT INSPIRES CREATIVITY AND ENVIRONMENTAL CONSCIOUSNESS THROUGH THE RESALE OF HIGH-QUALITY, AFFORDABLE, AND THRIFTED ART & CRAFT MATERIALS AND BY OFFERING EDUCATIONAL ART AND SCIENCE PROGRAMMING FOR ALL AGES AND COMMUNIITES
Describe the Organization's Program Activity:
Part 3
INVOLVEMENT IN UTAHS EDUCATIONAL PROGRAMS:OUR CREATIVE REUSE STEAM PROGRAMS WERE EMBRACED BY 31 COMMUNITY PROGRAMS THROUGHOUT UTAH IN 2022. 232 PROGRAMMING EVENTS WERE TAUGHT.FREE & PAID PROGRAMS AND INVESTMENT IN OUR UTAH COMMUNITIES:COI AWARDED 26 MINI-GRANTS TO SCHOOLS AND NON-PROFIT PROGRAMS AND PROVIDED SUPPORT TO 40 COMMUNITY PARTNERS THROUGH VOLUNTEER RECRUITMENT, WORK-STUDY JOBS, JOB TRAINING, AND MATERIALS DONATIONS.COI WASTE-STREAM DIVERSION PROGRAM:THROUGH OUR WASTE-STREAM DIVERSION PROGRAM, WE DIVERTED OVER 54,459 LBS. CLEVER OCTOPUS HAD 654 VOLUNTEERS THAT GAVE 7805 VOLUNTEER HOURS VALUED AT $29.95/HR TOTALING $233,759.55 OF VALUE THAT ARE NOT REPORTED ON THE 990 FORM. NONPROFIT REWARDS PROGRAM: 7 COMMUNITY NONPROFIT ORGANIZATIONS ARE CHOSEN THROUGH A JURIED PROCESS TO RECEIVE STORE CREDIT THROUGH DONATIONS FROM LOCAL COMMUNITY MEMBERS. A $5 PURCHASE EARNS THE CUSTOMER A $1 IN-STORE CREDIT TOKEN TO GIVE TO THE NONPROFIT OF THEIR CHOICE. IN 2022 $10,977 OF STORE CREDIT WAS MADE AVAILABLE TO THESE NONPROFIT PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Gibb Executive Director | 40 | $0 | |
Nicholas Hales Director | 0 | $0 | |
J Mark Gibb Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,730 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | -$7,903 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,338 |
| Professional fees and other payments to independent contractors | $46,067 |
| Occupancy, rent, utilities, and maintenance | $77,277 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,140 |
| Total expenses | $190,822 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,767 |
| Other assets | $0 |
| Total assets | $7,767 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,767 |