Overview
What is Octo?
Octo, formally known as Open Communications for The Ocean, is a small nonprofit organization situated in Woodinville, Washington. With a primary focus on marine and coastal ecosystem-based management, Octo operates an online discussion community, EBM Help, catering to approximately 15,000 members. Their mission encompasses research and education-related services, which extend to publishing newsletters, reports, maintaining websites, and hosting online events for the advancement of ocean resource management. To achieve these objectives, Octo incurs expenses such as compensation, payroll taxes, office supplies, and information technology.
Official website here: www.octogroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 68%)
Octo has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall financial health and accountability practices. With a score of 68%, the organization shows strengths in having a majority of independent board members and maintaining no material diversion of assets. Furthermore, it has a good program expense ratio, allocating 72.36% of its expenses directly to its programs.
However, there are significant limitations in Octo's transparency and governance. The charity lacks essential policies such as a whistleblower policy and document retention and destruction policy. Additionally, its liabilities exceed assets at a concerning ratio of 118.24%, which raises questions about its financial stability and sustainability.
While Octo demonstrates some strong governance indicators, the absence of critical policies and its high liabilities to assets ratio suggest that improvements are necessary to enhance its accountability and financial practices. Stakeholders should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Octo legitimate?
Octo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Octo 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: $100,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,500
For more financial information, click here
Official website here: www.octogroup.org
What is the mission statement of Octo?
Octo, an organization in the field of ocean resource management, is dedicated to providing research and education-related services. This encompasses various activities such as newsletters, reports, website development, online knowledge-sharing events, and more. Their primary mission is to contribute to the advancement of ocean resource management through these services. They operate an online discussion community on marine and coastal ecosystem-based management, open to approximately 15,000 members. This community serves as a platform for sharing knowledge and ideas related to marine and coastal ecosystem management. Initially, this project was a newsletter called The Skimmer on Marine Ecosystems and Management, which was later converted into a discussion list by Octo.
Official website here: www.octogroup.org
Who is the CEO of Octo?
John Davis is the Director And President of Octo.
Official website here: www.octogroup.org
What is the revenue of Octo?
Octo's revenue in 2022 was $118,213.
Official website here: www.octogroup.org
Who are the executives of Octo and what are their salaries?
The average compensation at Octo during 2022 was $128,333. There is 1 employee and 2 volunteers at Octo.
Here are 5 key members and their salaries:
- Compensation: $100,833
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.octogroup.org
Where can I find the form 990 for Octo?
Octo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.octogroup.org
Learn more at the official website: www.octogroup.org
Mission Statement of Octo
Octo, a prominent entity in the field of ocean resource management, is dedicated to serving this sector through research and educational services. The organization's mission encompasses various activities, such as publishing newsletters, releasing reports, maintaining informative websites, and hosting online knowledge-sharing events. By providing these services, Octo aims to contribute significantly to the field of ocean resource management.
In more detail, Octo's mission involves offering a wide range of resources to support and facilitate research and education in this domain. This includes compiling and disseminating information through newsletters, reports, and websites. Furthermore, the organization hosts online events to foster knowledge-sharing and collaboration among professionals and enthusiasts in the field. By providing these services, Octo seeks to promote a deeper understanding of ocean resource management and contribute to its advancement.
One specific initiative of Octo is the management of an online discussion community on marine and coastal ecosystem-based management. This platform, known as EBM Help, offers a free membership to approximately 15,000 members. The discussion list was previously a newsletter called The Skimmer on Marine Ecosystems and Management, which Octo transformed into a more interactive and collaborative format. This service provides a valuable platform for professionals and enthusiasts to engage in discussions and share knowledge about marine and coastal ecosystem-based management.
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Impact
October, 2024
Octo significantly enhances ocean resource management through a range of research and education-related services. By managing an active online discussion community focused on ecosystem-based management, Octo fosters collaboration and knowledge-sharing among approximately 15,000 members. This platform provides valuable resources such as newsletters, reports, and websites, allowing professionals in the field to stay informed and engaged with the latest developments in marine and coastal ecosystem management. Through these efforts, Octo effectively contributes to the sustainable management of ocean resources, empowering members with the tools and information they need to make informed decisions.
This information is meant to be a general summary of Octo. 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: $21
- Program Service Revenue: $6,270
- Gross Receipts: $118,213
Assets and Liabilities:
- Total Assets: $5,997
- Total Liabilities: $7,091
- Net Assets: -$1,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Managing ocean-focused website
Revenue
$6,270
Organization Details
Founding Year
2001
Phone
(425) 788-8185Principal Officer
John Davis
Main Address
20227 NE 163rd St, Woodinville, WA, 98077
Website
www.octogroup.orgNTEE Category
Code: U21 - Science research
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