Overview

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Est.

2004

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Octane Foundation for Innovation (OFI) is a nonprofit organization focused on advancing biomedical and information technology innovation and entrepreneurship within Orange County. With an operating budget of $964.3K and total revenue of $909.8K for the 2024 filing year, OFI is supported by multiple significant funders, none of which contribute 50% or more of its revenue. For more information, visit their website at https://octaneoc.org/mission/#ofi.

Mission Statement

THE OCTANE FOUNDATION FOR INNOVATION (OFI) IS FOCUSED ON ADVANCING BIOMEDICAL AND INFORMATION TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP WITHIN ORANGE COUNTY.
Revenues
$909.8K
Expenses
$964.3K
Net Income:
-$54.5K
Assets
$1M
Liabilities
$1.5M
Net Assets:
-$462.6K
Operating Budget
$964.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
5
Median grant size
$90K
Largest grant received
$334K
B
Bruce Hallett
Board Member
M
Marinela Gombosev
Board Member
B
Bruce Feuchter
Board Member

Frequently Asked Questions

What is OCTANE FOUNDATION FOR INNOVATION’s budget?
In 2024, OCTANE FOUNDATION FOR INNOVATION reported an annual operating budget of around $964 thousand. More detailed financial information is available to registered users.
What causes does OCTANE FOUNDATION FOR INNOVATION support?
OCTANE FOUNDATION FOR INNOVATION supports work in Technology, Entrepreneurship, and Social sciences.
Where does OCTANE FOUNDATION FOR INNOVATION operate?
OCTANE FOUNDATION FOR INNOVATION is headquartered in Aliso Viejo, CA.
Who funded OCTANE FOUNDATION FOR INNOVATION recently?
In 2024, OCTANE FOUNDATION FOR INNOVATION received grants from SAMUELI FOUNDATION, ORANGE COUNTY TECHNOLOGY ACTION NETWORK, and EDWARDS LIFESCIENCES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant OCTANE FOUNDATION FOR INNOVATION received in 2024?
The largest grant to OCTANE FOUNDATION FOR INNOVATION in 2024 exceeds $334 thousand.
What is OCTANE FOUNDATION FOR INNOVATION’s reliance on government grants?
OCTANE FOUNDATION FOR INNOVATION relied on government grants for more than 45% of their total revenue in 2024.