2025-11-17T19:04:24-06:00 2024-12-31 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990 2024-01-01 900176361 OCTANE FOUNDATION FOR INNOVATION OCTA 9494593366 4041 MACARTHUR BLVD 260 NEWPORT BEACH CA 92660 WILLIAM CARPOU PRESIDENT & CEO 9494593366 2025-11-17 1 0 SUE ROBISON P00560072 2062814444 2024 2025-03-06 01:10:19Z OFI WILLIAM CARPOU 4041 MACARTHUR BLVD 260 NEWPORT BEACH CA 92660 909812 0 X HTTPS://OCTANEOC.ORG/MISSION/#OFI X 2004 CA THE OCTANE FOUNDATION FOR INNOVATION (OFI) IS FOCUSED ON ADVANCING BIOMEDICAL AND INFORMATION TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP WITHIN ORANGE COUNTY. 23 22 0 300 0 0 1110270 907469 0 0 0 343 0 2000 1110270 909812 0 0 0 0 601546 356382 0 0 0 830363 607888 1431909 964270 -321639 -54458 1945323 1045051 2353422 1507608 -408099 -462557 X 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. 0 0 964270 THE OCTANE FOUNDATION FOR INNOVATION (OFI) WAS LAUNCHED AS A COMPLEMENT TO OCTANE'S MISSION OF CREATING 55,000+ HIGH-PAYING JOBS BY 2030. THE FOUNDATION IS TARGETED TO ADVANCE EQUITY, DIVERSITY, AND INCLUSIVENESS ACROSS ALL INDUSTRY SECTORS ALONGSIDE OCTANE'S AMBITIOUS MISSION OF GROWING & STRENGTHENING THE SOUTHERN CALIFORNIA INNOVATION ECOSYSTEM BY CREATING JOBS, SCALING STARTUPS, AND DEVELOPING BUSINESSES. OCTANE AND OFI WORK WITH PARTNERS TO ENHANCE THE ECONOMIC VITALITY OF THE REGION, CONTRIBUTE TO A SUSTAINABLE ECOSYSTEM AND AUGMENT THE LIVE/WORK EXPERIENCE IN ORANGE COUNTY.OCTANE FOUNDATION FOR INNOVATION'S WORK IS ACHIEVED THROUGH OUR INITIATIVES, LAUNCHPAD SBDC, WOMEN LEADERS OF OCTANE, NON-PROFIT ACCELERATOR, STEAM AHEAD, AND HEALTHSOCAL.AI. THESE INITIATIVES COVER THE SPECTRUM OF OPPORTUNITIES FOR STARTUP ENTREPRENEURS, STUDENTS, WOMEN, AND UNDERSERVED AND UNDERREPRESENTED COMMUNITIES. LAUNCHPAD SBDC:ACCELERATES ENTREPRENEURS AND START-UPS THROUGH A COMPREHENSIVE PROGRAM THAT QUICKLY IDENTIFIES AND CONNECTS GREAT PEOPLE, CAPITAL AND TECHNOLOGY. LAUNCHPAD PROVIDES CRITICAL, INDIVIDUALIZED AND VALUE-ADDED SUPPORT TO EARLY STAGE BIOMEDICAL AND INFORMATION TECHNOLOGY COMPANIES THROUGH MENTORING, COACHING, AND EDUCATION. THE LAUNCHPAD SBDC IS HOSTED BY OCTANE FOUNDATION FOR INNOVATION AND IS FUNDED IN PART THROUGH A COOPERATIVE AGREEMENT WITH THE U.S. SMALL BUSINESS ADMINISTRATION AND CALIFORNIA STATE UNIVERSITY FULLERTON AND EXTENDED TO THE PUBLIC ON A NON-DISCRIMINATORY BASIS. LAUNCHPAD SBDC IS PART OF THE ORANGE COUNTY/INLAND EMPIRE REGIONAL SBDC NETWORK. ORANGE COUNTY TECHNOLOGY ACTION NETWORK (DBA OCTANE) CONTRIBUTES A 100% CASH MATCH, ALONG WITH SBDC/SBA, TO ANY EXPENSES INCURRED THROUGH THIS CONTRACT.NON-PROFIT ACCELERATOR:THE NON-PROFIT ACCELERATOR PROVIDES NON-PROFITS WITH THE TOOLS THEY NEED TO EXPAND THEIR IMPACT IN THE COMMUNITY, SPECIFICALLY THOSE NON-PROFITS THAT SERVE UNDER-REPRESENTED PEOPLE IN STEAM AND HEALTHCARE. BY ADAPTING OCTANE'S AWARD-WINNING LAUNCHPAD SBDC EVALUATION PROCESS, NON-PROFITS RECEIVE A SIMILAR EVALUATION OF THEIR ORGANIZATION AND EXPERT ADVICE. THE GRADUATES OF THE NON-PROFIT ACCELERATOR EMERGE MORE EMPOWERED AND CAPABLE OF IMPROVING THE LIVES AND COMMUNITIES OF THE PEOPLE THEY SERVE.WOMEN LEADERS OF OCTANE:THE PURPOSE OF WOMEN LEADERS OF OCTANE (WLO) IS TO GROW THE STRENGTH AND IMPACT OF THE OC INNOVATION ECOSYSTEM BY INCREASING THE RANKS OF WOMEN ENTREPRENEURS AND BUSINESS LEADERS, ACCESS TO FUNDING, AND MORE INFLUENCE ON BOARDS, FUELED BY OCTANE NETWORKS AND RESOURCES.STEAM AHEAD: THE STEAM AHEAD PROGRAM PROVIDES PRACTICAL, REAL-WORLD EXPERIENCES THAT ENCOURAGE STUDENTS TO LEARN AND EXPLORE JOBS, CAREERS, AND ENTREPRENEURSHIP OPPORTUNITIES. THIS EXPERIENCE DELIVERS AN INTERACTIVE PROGRAM THAT FOSTERS CAREER AND WORKPLACE READINESS AND INSPIRES AN INTER-GENERATIONAL CULTURE OF PURPOSEFUL LEADERSHIP. PARTICIPATION INCLUDES ACCESS TO OCTANE MEDTECH AND TECH EVENTS, SUBJECT MATTER EXPERTS, WEBINARS, AND INVITATIONS TO PARTNER EVENTS OPENING THE DOOR TO ORANGE COUNTY'S INNOVATION ECOSYSTEM.NEXT WAVE LEADERS: THE NEXT WAVE INITIATIVE IS DESIGNED TO RECRUIT AND ENGAGE NEW GENERATIONS OF INDUSTRY AND COMMUNITY LEADERSHIP IN THE CONTINUOUS DEVELOPMENT AND RESPONSIBLE GROWTH OF THE ORANGE COUNTY INNOVATION ECOSYSTEM. IN ADDITION TO CONTRIBUTING TO THE QUALITY OF THE LIVE/WORK EXPERIENCE, THIS INITIATIVE SEEKS TO INSPIRE THE NEXT GENERATION OF INDUSTRY LEADERSHIP TO A PURPOSE-DRIVEN, INTENTIONAL LEADERSHIP CULTURE THAT WILL STRENGTHEN AND DISTINGUISH ORANGE COUNTY AND POSITION IT TO COMPETE FAVORABLY FOR RETAINING AND ATTRACTING TALENT.HEALTHSOCAL.AIHEALTHSOCAL.AI IS AN END-TO-END ECOSYSTEM OF WORLD-CLASS HEALTHCARE AND AI EXPERTS THAT COLLABORATE ON SOLVING COMPLEX HEALTHCARE CHALLENGES. FROM PERSONALIZED HEALTH STRATEGIES TO DATA-DRIVEN CARE COORDINATION, WE AIM TO TRANSFORM THE WAY WE APPROACH HEALTHCARE. 964270 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X JANELLE BRUNETTE 9494593366 4041 MACARTHUR BLVD 260 NEWPORT BEACH CA 92660 WILLIAM CARPOU EXECUTIVE DIRECTOR 0.50 39.50 X X 0 410144 23588 HALEH ARMIAN BOARD MEMBER 0.50 0.00 X 0 0 0 SHERYL BOURGEOIS BOARD MEMBER (UNTIL 12/10/24) 0.50 0.00 X 0 0 0 LINNEA BURMAN BOARD MEMBER 0.50 0.00 X 0 0 0 SEAN CRAFTS BOARD MEMBER 0.50 0.00 X 0 0 0 LINDA DIMARIO BOARD MEMBER 0.50 0.00 X 0 0 0 JAG DOSANJH BOARD MEMBER 0.50 0.50 X 0 0 0 BRUCE FEUCHTER BOARD MEMBER 0.50 0.50 X 0 0 0 RUSS GARCIA BOARD MEMBER 0.50 0.00 X 0 0 0 MARINELA GOMBOSEV BOARD MEMBER 0.50 0.00 X 0 0 0 EMILE HADDAD BOARD MEMBER (UNTIL 12/10/24) 0.50 0.50 X 0 0 0 BRUCE HALLETT BOARD MEMBER 0.50 0.50 X 0 0 0 BOB JACOBSON BOARD MEMBER 0.50 0.50 X 0 0 0 JASON LANTGEN BOARD MEMBER 0.50 0.00 X 0 0 0 JENNIFER LEUER BOARD MEMBER 0.50 0.50 X 0 0 0 WAYNE MARKOWITZ BOARD MEMBER 0.50 0.00 X 0 0 0 GORAN MATIJASEVIC BOARD MEMBER 0.50 0.00 X 0 0 0 CELINE MARTIN BOARD MEMBER 0.50 0.50 X 0 0 0 JIM MAZZO BOARD MEMBER 0.50 0.50 X 0 0 0 DAVID MOATAZEDI BOARD MEMBER 0.50 0.00 X 0 0 0 NEIL SAHOTA BOARD MEMBER (UNTIL 12/10/24) 0.50 0.00 X 0 0 0 CARRIE STROM BOARD MEMBER 0.50 0.50 X 0 0 0 BRETT WALL BOARD MEMBER 0.50 0.50 X 0 0 0 SCOTT WHITCUP BOARD MEMBER 0.50 0.00 X 0 0 0 CLAY WILEMON BOARD MEMBER 0.50 0.00 X 0 0 0 IAN WILLIAMSON BOARD MEMBER 0.50 0.00 X 0 0 0 DOMINIQUE WORTHINGTON BOARD MEMBER (UNTIL 12/10/24) 0.50 0.00 X 0 0 0 JANELLE BRUNETTE CHIEF OPERATING OFFICER 6.00 33.50 X 0 355394 21717 0 765538 45305 0 0 1 0 0 115449 436907 355113 907469 343 343 MISCELLANEOUS REVENUE 900099 2000 2000 2000 909812 0 0 2343 X 94323 94323 253190 253190 1329 1329 7540 7540 42093 42093 5500 5500 529415 529415 440 440 6937 6937 1130 1130 1230 1230 5393 5393 PAYROLL PROCESSING 3952 3952 3818 3818 7980 7980 964270 964270 0 0 1216820 654959 728503 390092 1945323 1045051 1190 447746 96996 1905676 1409422 2353422 1507608 X 0 0 0 0 -408099 -462557 -408099 -462557 1945323 1045051 -54458 0 X 0 0 0 X X 1 ORANGE COUNTY TECHNOLOGY ACTION NETWORK 043723991 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: OFI AND ITS SUPPORTED ORGANIZATION, OCTANE, HAVE AN OVERLAP OF EMPLOYEES, INCLUDING THE PRESIDENT/CEO. OFI HAS ACCESS AND KNOWLEDGE OF OCTANE'S OPERATIONS AND THEIR EXEMPT ACTIVITIES, WHICH INCLUDES ACCESS TO THEIR CONTRIBUTOR LIST. OCTANE RECEIVES A BROAD RANGE OF SUPPORT FROM VARIOUS DONORS WITH NO SINGLE DONOR PROVIDING AN EXCESSIVELY LARGE DONATION. ACCORDINGLY, OCTANE PERFORMED A PUBLIC SUPPORT TEST PURSUANT TO 509(A)(2) AND AS OF 12/31/24, OCTANE WOULD PASS THE PUBLIC SUPPORT TEST UNDER SECTION 509(A)(2) IF IT WERE ORGANIZED AS A SECTION 501(C)(3) ORGANIZATION. PART IV, SECTION A, LINE 3C: WHILE OFI DID NOT PROVIDE MONETARY SUPPORT TO OCTANE DURING 2024, OFI ENSURED THAT THE SUPPORT IT PROVIDED IN PREVIOUS YEARS WAS USED EXCLUSIVELY FOR CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTY 1409422 1409422 0 0 0 0 0 0 0 0 0 WILLIAM CARPOU EXECUTIVE DIRECTOR 0 299000 0 105000 0 6144 0 0 0 23588 0 433732 0 0 JANELLE BRUNETTE CHIEF OPERATING OFFICER 0 190394 0 165000 0 0 0 0 0 21717 0 377111 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO WAS ESTABLISHED AND PAID BY ORANGE COUNTY TECHNOLOGY ACTION NETWORK, (OCTANE), A RELATED ORGANIZATION. OCTANE USED THE FOLLOWING TO ESTABLISH THE CEO'S COMPENSATION: (1) COMPENSATION COMMITTEE; (2) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE WHICH IS UPDATED AND REVIEWED ANNUALLY BY BOARD MEMBERS. IF A CONFLICT IS IDENTIFIED, EXAMPLES OF ACTIONS TAKEN CAN INCLUDE ABSTAINING FROM VOTING ON THE MATTER AND INVESTIGATING ALTERNATIVE OPTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS, OR KEY EMPLOYEES IS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF OCTANE, A RELATED ORGANIZATION. THE EXECUTIVE COMMITTEE IS COMPOSED OF MEMBERS OF THE BOARD WHO HAVE A DEEP KNOWLEDGE OF THE ORGANIZATION AND ARE ABLE TO PROVIDE APPROPRIATE GUIDANCE AND SUPPORT TO THE ENTIRE BOARD. EXECUTIVE COMPENSATION IS REVIEWED BY THIS COMMITTEE ON A SEMI-ANNUAL BASIS AND ANY CHANGES ARE APPROVED AND DOCUMENTED IN WRITING. FORM 990, PART VI, SECTION C, LINE 19 OFI'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT ON FILE IN THE OFFICE AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONALS: PROGRAM SERVICE EXPENSES 529,415. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 529,415. ORANGE COUNTY TECHNOLOGY ACTION NETWORK 4041 MACARTHUR BLVD SUITE 260 NEWPORT BEACH CA 92660 043723991 SUPPORT INNOVATIVE BIOMEDICAL & IT COMPANIES CA 501(C)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0