Overview
What is Clever Octopus Inc?
Clever Octopus Inc is a Utah-based nonprofit organization that focuses on environmental consciousness and creativity. Through the resale of high-quality, affordable, and thrifted art & craft materials, they aim to inspire creativity among various communities. In 2022, their educational STEAM programs were embraced by 31 community programs throughout Utah, with a total of 232 programming events taught. Clever Octopus also awarded 26 mini-grants to schools and non-profit programs, providing support to 40 community partners through volunteer recruitment, work-study jobs, job training, and materials donations. The organization's waste-stream diversion program diverted over 54,459 lbs of waste in 2022, with 654 volunteers giving 7,805 volunteer hours, totaling approximately $233,759.55 in value. In addition, Clever Octopus has a Nonprofit Rewards Program, where seven community nonprofit organizations are chosen through a juried process to receive store credit through donations from local community members. In 2022, $10,977 of store credit was made available to these nonprofit partners. With a team of 30 employees, Clever Octopus is committed to making a positive impact on the environment and the local community through their unique approach to waste management and educational programming.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Clever Octopus Inc has achieved a Three-Star rating based on its accountability and finance practices, indicating that the organization maintains a reasonable level of transparency and effective financial management. The charity scored particularly well in areas such as financial statements, conflict of interest policy, and the presence of essential governance documents, reflecting strong operational integrity.
The organization reported a program expense ratio of 83.05%, signifying that a large portion of its expenditures is directed towards its mission-related activities. This demonstrates a commitment to maximizing resources for programmatic impact rather than administrative costs, which is a positive aspect for potential donors.
However, while the accountability and finance score is commendable, the overall rating being derived from a single beacon score suggests there may be limited information on other facets of the organization's performance. Further insights into program effectiveness and community impact could provide a more comprehensive view of Clever Octopus Inc's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Clever Octopus Inc legitimate?
Clever Octopus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clever Octopus Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $1,855
Other Salaries and Wages: $312,757
For more financial information, click here
What is the mission statement of Clever Octopus Inc?
Clever Octopus Inc, a non-profit organization, is dedicated to promoting creativity and environmental consciousness. It achieves this by selling high-quality, affordable, and thrifted art and craft materials, and offering educational art and science programming for all ages and communities. The organization's mission is realized through various initiatives, such as its Creative Reuse STEAM programs that were embraced by 31 community programs in Utah in 2022, resulting in 232 programming events. The organization also supports schools and non-profit programs by awarding mini-grants and providing volunteer recruitment, work-study jobs, job training, and materials donations to 40 community partners. Additionally, Clever Octopus has a waste-stream diversion program that diverts over 54,459 lbs of waste, and a non-profit rewards program that gives store credit to selected community non-profit organizations through donations from local community members. In 2022, $10,977 of store credit was made available to these non-profit partners.
Who is the CEO of Clever Octopus Inc?
Sheri Gibb is the Program Director of Clever Octopus Inc.
What is the revenue of Clever Octopus Inc?
Clever Octopus Inc's revenue in 2022 was $511,573.
Who are the executives of Clever Octopus Inc and what are their salaries?
The average compensation at Clever Octopus Inc during 2022 was $10,425. There are 30 employees and 654 volunteers at Clever Octopus Inc.
Here are 5 key members and their salaries:
- Compensation: $51,007
- Related: $0
- Other: $0
- Compensation: $31,683
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Clever Octopus Inc?
Clever Octopus Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clever Octopus Inc
Clever Octopus Inc, a waste-based nonprofit organization, is dedicated to inspiring creativity and promoting environmental consciousness. By reselling high-quality, affordable, and thrifted art and craft materials, this organization provides an accessible platform for artistic expression. Additionally, Clever Octopus offers educational art and science programming for various age groups and communities, fostering a deeper understanding of environmental issues and creative skills.
The mission of Clever Octopus Inc extends beyond its retail operations, as it actively engages with educational programs across multiple communities. In 2022, the organization's creative reuse STEAM programs were embraced by 31 community programs, resulting in 232 programming events taught. Furthermore, Clever Octopus supports its local communities by awarding mini-grants to schools and non-profit programs, providing support to 40 community partners through volunteer recruitment, work-study jobs, job training, and materials donations.
Through its waste-stream diversion program, Clever Octopus successfully diverts over 54,459 pounds of waste, demonstrating its commitment to sustainability. The organization also boasts a dedicated team of 654 volunteers, who contributed 7,805 volunteer hours, valued at approximately $233,759.55. Clever Octopus's Nonprofit Rewards Program is another initiative that supports local non-profit organizations. Seven community non-profits are chosen through a juried process to receive store credit, with customers earning a $1 in-store credit token for every $5 purchase, which they can donate to their chosen non-profit partner. In 2022, $10,977 of store credit was made available to these non-profit partners.
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Impact
July, 2024
Clever Octopus Inc's impact is seen through its innovative approach to inspiring creativity and environmental consciousness. By diverting over 54,459 pounds of waste through their waste-stream diversion program, Clever Octopus is making a significant impact on reducing environmental impact. Additionally, their involvement in educational programs, such as the Creative Reuse STEAM programs embraced by 31 community programs in Utah, shows their commitment to fostering learning and creativity in communities. Through initiatives like mini-grants to schools and nonprofit programs, volunteer recruitment, and materials donations, Clever Octopus is actively investing in Utah communities and supporting educational opportunities for all ages. Their unique rewards program, which allows community organizations to receive store credit through donations, further demonstrates their dedication to promoting sustainability and community collaboration. Clever Octopus Inc's multifaceted approach is making a positive difference in Salt Lake City and beyond, showcasing the power of creative reuse and environmental stewardship.
This information is meant to be a general summary of Clever Octopus Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3
- Program Service Revenue: $252,139
- Gross Receipts: $592,267
Assets and Liabilities:
- Total Assets: $227,827
- Total Liabilities: $279
- Net Assets: $227,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVENTORY ART SUPPLIES
Revenue
$194,325
COMMUNITY PROGRAMS
Revenue
$34,789
SCHOOL PROGRAMS
PPP LOAN FORGIVENESS
Revenue
$23,025
Organization Details
Founding Year
2015
Principal Officer
Sheri Gibb
Main Address
PO BOX 581552, SALT LAKE CITY, UT, 84115
NTEE Category
Code: C27 - Environment
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