Clever Octopus Inc
- Assets
- $325.7k
- Revenue
- $521.6k
- Investments
- $0.0
- Employees
- 28
- Location
- Salt Lake City, UT
- Founding
- 08/2016
- Data as of
- 12/2021
- 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 12/2021, Clever Octopus Inc employed 28 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.
For the year ending 12/2021, Clever Octopus Inc generated $521.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $393.6k during the year ending 12/2021. While expenses have increased by 45.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 - Line 4a
INVOLVEMENT IN UTAHS EDUCATIONAL PROGRAMS:OUR CREATIVE REUSE STEAM PROGRAMS WERE EMBRACED BY 31 COMMUNITY PROGRAMS THROUGHOUT UTAH IN 2021. 156 PROGRAMMING EVENTS WERE TAUGHT AND 1146 POUNDS OF MATERIALS WERE DISTRIBUTED TO 21 ORGANIZATIONS IN NEED. 48% OF OUR IN-PERSON PROGRAMS WERE FREE.FREE & PAID PROGRAMS AND INVESTMENT IN OUR UTAH COMMUNITIES:COI AWARDED 7 MINI-GRANTS TO SCHOOLS AND NON-PROFIT PROGRAMS AND PROVIDED SUPPORT TO 38 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 FURTHER INCREASED INTAKE TO OVER 101,934 LBS. WE EXPANDED OUR BUSINESS DIVERSION PROGRAM TO INCLUDE 74 BUSINESSES. 42,023 LBS DONATED BY BUSINESSES AND 59,911 LBS DONATED BY INDIVIDUALS CLEVER OCTOPUS HAD 340 VOLUNTEERS THAT GAVE 11,096 VOLUNTEER HOURS VALUED AT $28.54 TOTALING $316,686 OF VALUE THAT ARE NOT REPORTED ON THE 990 FORM. IN 2021 CLEVER OCTOPUS LAUNCHER OUR 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 2021 $12,811 OF STORE CREDIT WAS MADE AVAILABLE TO THESE NONPROFIT PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Lopez Program Director | OfficerTrustee | 40 | $41,867 |
Sheri Gibb Executive Director | OfficerTrustee | 40 | $25,006 |
Megan Fisher Director | OfficerTrustee | 0 | $0 |
J Mark Gibb Director | OfficerTrustee | 0 | $0 |
Nicholas Hales Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,943 |
| Fundraising events | $105,826 |
| Related organizations | $0 |
| Government grants | $175,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,258 |
| Noncash contributions included in lines 1a–1f | $81,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,179 |
| Total Program Service Revenue | $267,539 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$61,187 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,873 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,645 |
| Advertising and promotion | $1,238 |
| Office expenses | $1,218 |
| Information technology | $3,343 |
| Royalties | $0 |
| Occupancy | $88,725 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,265 |
| Insurance | $9,550 |
| All other expenses | $15,977 |
| Total functional expenses | $393,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,829 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,509 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $325,657 |
| Accounts payable and accrued expenses | $821 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $23,025 |
| Other liabilities | $0 |
| Total liabilities | $23,846 |
| Net assets without donor restrictions | $301,811 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $325,657 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clever Octopus Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eco-Cycle Inc Boulder, CO | $9,419,278 | $9,361,729 |
Colorado Water Trust Inc Denver, CO | $1,736,655 | $1,332,449 |
Blue Star Recyclers Colorado Springs, CO | $918,263 | $1,376,370 |
Watershed Management Group Inc Tucson, AZ | $1,083,167 | $1,647,658 |
Reunity Resources Santa Fe, NM | $678,093 | $993,137 |
High Country Conservation Center Frisco, CO | $916,746 | $1,083,242 |
Colorado Rio Grande Restoration Foundation Alamosa, CO | $479,817 | $670,145 |
Rocky Mountain Raptor Program Fort Collins, CO | $1,599,262 | $663,504 |
Friends Of The Dillon Ranger District A Co Nonprofit Corp Silverthorne, CO | $881,759 | $662,922 |
Sedona Recycles Inc Sedona, AZ | $647,560 | $548,123 |
Clever Octopus Inc Salt Lake City, UT | $325,657 | $521,561 |
Clean Valley Recycling La Junta, CO | $439,316 | $418,430 |