Octo
- Assets
- $92.5k
- Revenue
- $299.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Woodinville, WA
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 91-2099238
Organization Overview
Octo, operating under the name Open Communications for The Ocean, is located in Woodinville, WA. The organization was established in 2001. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Open Communications for The Ocean employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Communications for The Ocean 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, Open Communications for The Ocean generated $299.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $288.2k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
OCTO SERVES THE FIELD OF OCEAN RESOURCE MANAGEMENT WITH RESEARCH AND EDUCATION-RELATED SERVICES, INCLUDING BUT NOT LIMITED TO NEWSLETTERS, REPORTS, WEBSITES, ONLINE KNOWLEDGE-SHARING EVENTS, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE: OPENCHANNELS /// PRODUCTION OF A WEBSITE ON OCEAN PLANNING AND MANAGEMENT, WITH A PARTICULAR FOCUS ON MARINE SPATIAL PLANNING, ECOSYSTEM-BASED MANAGEMENT, AND MARINE PROTECTED AREAS. THE WEBSITE INCLUDES NEWS, BLOGS, AN EXTENSIVE LITERATURE LIBRARY, LIVE CHAT EVENTS WITH EXPERTS, DISCUSSION FORUMS, A CONFERENCE CALENDAR, JOB AND GRANT LISTINGS, AND OTHER SERVICES. EXPENSES INCLUDE COMPENSATION, PAYROLL TAXES, WEBSITE AND DESIGN SERVICES, INFORMATION TECHNOLOGY, AND OFFICE SUPPLIES.
PROGRAM SERVICE: THE SKIMMER ON MARINE ECOSYSTEMS AND MANAGEMENT /// PRODUCTION OF A MONTHLY INFORMATION SERVICE ON MARINE AND COASTAL ECOSYSTEM-BASED MANAGEMENT. SUBSCRIPTIONS ARE FREE; APPROXIMATELY 10,000 SUBSCRIBERS. EXPENSES INCLUDE COMPENSATION, PAYROLL TAXES, EDITING, OFFICE SUPPLIES, AND INFORMATION TECHNOLOGY.
PROGRAM SERVICE: MPA NEWS /// PRODUCTION OF A MONTHLY INFORMATION SERVICE ON MARINE PROTECTED AREA PLANNING AND MANAGEMENT. SUBSCRIPTIONS ARE FREE; APPROXIMATELY 12,000 SUBSCRIBERS. EXPENSES INCLUDE COMPENSATION, PAYROLL TAXES, EDITING, OFFICE SUPPLIES, AND INFORMATION TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Davis Director And President | OfficerTrustee | 40 | $110,000 |
David Fluharty Director And Vice President | OfficerTrustee | 2 | $0 |
Paul Davis Director | Trustee | 1 | $0 |
Melissa Albert Director | Trustee | 1 | $0 |
Terry Rustan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,206 |
| Total Program Service Revenue | $100,256 |
| Investment income | $90 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,552 |
| 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. | $118,882 |
| Compensation of current officers, directors, key employees. | $23,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,765 |
| Payroll taxes | $18,774 |
| Fees for services: Management | $12,916 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,637 |
| Information technology | $16,283 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | -$53 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $861 |
| All other expenses | $0 |
| Total functional expenses | $288,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,755 |
| Savings and temporary cash investments | $64,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,478 |
| Accounts payable and accrued expenses | $58,960 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,960 |
| Net assets without donor restrictions | $33,518 |
| 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 | $92,478 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Octo has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Straits Marine Conservation Foundation Bellingham, WA | $720,035 | $1,957,055 |
Foundation For Marine Ecology And Telemetry Research Seabeck, WA | $588,491 | $1,803,023 |
Bristol Bay Science & Research Institute Dillingham, AK | $1,477,988 | $1,262,079 |
Oceans Initiative Seattle, WA | $229,940 | $899,313 |
Pacific Shellfish Institute Olympia, WA | $212,140 | $930,129 |
Port Townsend Marine Science Society Fort Worden State Park Port Townsend, WA | $1,314,110 | $690,694 |
Center For Whale Research Friday Harbor, WA | $2,528,855 | $953,722 |
Octo Woodinville, WA | $92,478 | $299,552 |
Underwater Admiralty Sciences Puyallup, WA | $3,773 | $0 |
Pacific Marine Research Seattle, WA | $127,449 | $43,195 |
Meet The Ocean Portland, OR | $21,588 | $0 |