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Filing year 2024

OCTANE FOUNDATION FOR INNOVATION

Newport Beach, California·EIN 90-0176361·NTEE S02 · Community Improvement & Capacity Building·3
Total revenue
$910k
Total assets
$1M
Total expenses
$964k
Reported officers
28
Mission

OCTANE FOUNDATION FOR INNOVATION (OFI) IS TARGETED TO ADVANCE EQUITY, DIVERSITY, AND INCLUSIVENESS ACROSS ALL INDUSTRY SECTORS WITH THE MISSION OF GROWING & STRENGTHENING THE SOUTHERN CALIFORNIA INNOVATION ECOSYSTEM BY CREATING JOBS, SCALING STARTUPS, AND DEVELOPING BUSINESSES. OFI ENHANCES THE ECONOMIC VITALITY OF THE REGION, CONTRIBUTING TO A SUSTAINABLE ECOSYSTEM AND AUGMENTING THE LIVE/WORK EXPERIENCE IN ORANGE COUNTY, CA.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

Executive Director
$24k
$25k
Chief Operating Officer
$22k
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 26 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Down 91%
from 2023

From $263k in 2023 to $24k in 2024.

$263k
2023
$24k
2024
In today's dollarsEst.
Down 91% in real terms$291k to $25k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

OCTANE FOUNDATION FOR INNOVATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$1.4M
2023
$910k
$964k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in California

Comparable community improvement & capacity building organizations in California pay their highest-earning executive a median of $95,054.

25th percentile
$42k
Median
$95,054
75th percentile
$159k
90th percentile
$256k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 255 organizations across 255 filings (2021 – 2023).

See full Community Improvement & Capacity Building pay data for California
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