Civic Intelligence

Clever Octopus Inc.

990EZ • Fiscal year 2023 • EIN 47-3829287

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 10, 2024

Organization Profile
PO Box 581552Salt Lake City, UT 84115

(801) 918-5861

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

2515%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

3rd percentile

-97%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$7,767

Down $220,060 (-97%) from 2022

Net Assets

Down

$7,767

Down $219,781 (-97%) from 2022

Liabilities

Down

$0

Down $279 (-100%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$7,903

Down $519,476 (-102%) from 2022

Expenses

Down

$190,822

Down $395,014 (-67%) from 2022

Net Income

Down

-$198,725

Down $124,462 (-168%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2017: $42,140Liabilities 2017: $0Net Assets 2017: $42,1402017Assets 2018: $50,759Liabilities 2018: $228Net Assets 2018: $50,5312018Assets 2019: $109,475Liabilities 2019: $0Net Assets 2019: $109,4752019Assets 2020: $219,352Liabilities 2020: $45,548Net Assets 2020: $173,8042020Assets 2021: $325,657Liabilities 2021: $23,846Net Assets 2021: $301,8112021Assets 2022: $227,827Liabilities 2022: $279Net Assets 2022: $227,5482022Assets 2023: $7,767Liabilities 2023: $0Net Assets 2023: $7,7672023Assets 2024: $1,678Liabilities 2024: $0Net Assets 2024: $1,6782024

Highlighted filing

2023

Assets$7,767
Liabilities$0
Net Assets$7,767
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $87,965Expenses 2017: $59,676Net Income 2017: $28,2892017Revenue 2018: $154,146Expenses 2018: $145,755Net Income 2018: $8,3912018Revenue 2019: $286,856Expenses 2019: $227,913Net Income 2019: $58,9432019Revenue 2020: $307,789Expenses 2020: $243,460Net Income 2020: $64,3292020Revenue 2021: $521,561Expenses 2021: $393,554Net Income 2021: $128,0072021Revenue 2022: $511,573Expenses 2022: $585,836Net Income 2022: -$74,2632022Revenue 2023: -$7,903Expenses 2023: $190,822Net Income 2023: -$198,7252023Revenue 2024: $1Expenses 2024: $6,090Net Income 2024: -$6,0892024

Highlighted filing

2023

Revenue-$7,903
Expenses$190,822
Net Income-$198,725
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 10, 2024
Return Version
2023v5.0
Gross Receipts
$129,117
Mission and Program Overview

Mission

Clever octopus inc. Is a nonprofit organization dedicated to fostering creativity and environmental awareness through art, science, technology, engineering, and math. Clever octopus aims to create future leaders in art and science.

Reuse of physical creative materials

Program Services

DescriptionGrantsExpenses
COMMUNITY OUTREACH$41,864$31,000
ASSISTANCE FOR OTHER NON PROFIT ORGANIZATIONS--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHERI GIBBExecutive DirectorFT$0--
NICHOLAS HALESDirector-$0--
J MARK GIBBDirector-$0--
Filing and Contact Details

Filer

Filer Name
Clever Octopus Inc
EIN
47-3829287
Address
PO BOX 581552, SALT LAKE CITY, UT 84115

Signing Officer

Name
Sheri Gibb
Title
Director
Phone
8014410866
Signed
2024-06-10
Discuss with paid preparer
Yes

Preparer

Firm
Baxter Financial Services
Address
9133 S Monroe Plaza Way Ste A, Sandy, UT 84070
Preparer
Neil Baxter
Phone
8015717776
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountbank fees 1,140”

Description of other assets Part II line 24

“Category beginning of year end of yearar 3,895 0inventory 151,406 0net equipment 17,819 0”

Description of total liabilities Part II line 26

“Category beginning of year end of yearap 279 0other loans 23,025 0”

Raw XML Appendix149 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0SHERI GIBB PRESIDENT
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0COMPENSATION THAT SHERI RECEIVES AS ADMINISTRATOR, STORE MANAGER, AND TEACHER AND NOT FOR OFFICER OR DIRECTOR DUTIES.
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SHERI GIBB PRESIDENT
IRS990EZ/BooksInCareOfDetail/PhoneNum08019185861
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 581552
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SALT LAKE CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd084115
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt056676
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07767
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt055730
IRS990EZ/CostOfGoodsSoldAmt0137020
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-198725
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt046067
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0229796
IRS990EZ/Form990TotalAssetsGrp/EOYAmt07767
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0-63633
IRS990EZ/GrossReceiptsAmt0129117
IRS990EZ/GrossSalesOfInventoryAmt073387
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0206492
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07767
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0206492
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07767
IRS990EZ/OccupancyRentUtltsAndMaintAmt077277
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHERI GIBB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NICHOLAS HALES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2J MARK GIBB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0173120
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt01140
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0REUSE OF PHYSICAL CREATIVE MATERIALS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0COMMUNITY OUTREACH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ASSISTANCE FOR OTHER NON PROFIT ORGANIZATIONS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt041864
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt031000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt066338
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0UT
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt023304
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0190822
IRS990EZ/TotalProgramServiceExpensesAmt031000
IRS990EZ/TotalRevenueAmt0-7903
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt066396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0509009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0503779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0535307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0209973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01824464
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.98360
IRS990ScheduleA/PublicSupportTotal170Amt01824464
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt066396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0509009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0503779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0535307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0209973
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01824464
IRS990ScheduleA/TotalSupportAmt01824464
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LIQUIDATION OF INVENTORY IN PREPARATION FOR 2024 DISSOLUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0128695
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0THRIFT ESTIMATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBANK FEES 1,140
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARAR 3,895 0INVENTORY 151,406 0NET EQUIPMENT 17,819 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARAP 279 0OTHER LOANS 23,025 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI GIBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08014410866
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEVER OCTOPUS INC
ReturnHeader/Filer/BusinessNameControlTxt0CLEV
ReturnHeader/Filer/EIN0473829287
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 581552
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084115
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460837926
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Baxter Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09133 S Monroe Plaza Way Ste A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sandy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084070
ReturnHeader/PreparerPersonGrp/PhoneNum08015717776
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Neil Baxter
ReturnHeader/ReturnTs02024-06-14T13:45:01-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHERI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GIBB
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,767
Liabilities
$0
Net assets
$7,767
Revenue
-$7,903
Expenses
$190,822
Net income
-$198,725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.06$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.08$1.91$1.99
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$5.12$5.86$0.74
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.24$3.02$5.22$3.94$1.28
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.46$1.74$3.08$2.43$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$2.87$2.28$0.59
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$1.54$1.46$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.88$0.60$0.28