Civic Intelligence

The Octet Collaborative Inc.

990EZ • Fiscal year 2021 • EIN 84-4881059

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

Organization Profileoctetcollaborative.org
37 Avon StreetSomerville, MA 02143

(617) 320-1346

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

53rd percentile

11%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$35,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

79th percentile

47%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

345%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$51,505

Up $16,403 (+47%) from 2020

Net Assets

Up

$51,505

Up $16,403 (+47%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin53rd percentile

Revenue

Up

$156,181

Up $121,079 (+345%) from 2020

Expenses

Up

$139,778

Up $139,778 from 2020

Net Income

Down

$16,403

Down $18,699 (-53%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$150K$100K$50K$0Assets 2020: $35,102Liabilities 2020: $0Net Assets 2020: $35,1022020Assets 2021: $51,505Liabilities 2021: $0Net Assets 2021: $51,5052021Assets 2022: $65,807Liabilities 2022: $0Net Assets 2022: $65,8072022Assets 2023: $138,946Liabilities 2023: $2,622Net Assets 2023: $136,3242023

Highlighted filing

2021

Assets$51,505
Liabilities$0
Net Assets$51,505
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$300K$200K$100K$0Revenue 2020: $35,102Expenses 2020: $0Net Income 2020: $35,1022020Revenue 2021: $156,181Expenses 2021: $139,778Net Income 2021: $16,4032021Revenue 2022: $93,100Expenses 2022: $78,798Net Income 2022: $14,3022022Revenue 2023: $217,658Expenses 2023: $146,991Net Income 2023: $70,6672023

Highlighted filing

2021

Revenue$156,181
Expenses$139,778
Net Income$16,403
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$156,181
Mission and Program Overview

Mission

We are a community of faculty, staff, and students at mit dedicated to human flourishing, formed by the historic christian faith.

Mission of organization is resonance between faith, reason, and imagination. Rhythms of calling, work, and rest. A passion for members of the mit community as integrated persons: mind and hand, heart and spirit. Order and beauty among the often dissonant elements of the scholarly vocation: research, teaching, mentoring and the next generation.

Program Services

DescriptionGrantsExpenses
GENERAL PROGRAM - SUPPORTING THE OVERALL MISSION OF THE ORGANIZATION, THE OCTET COLLABORATE BUILDS THE INTELLECTUAL COMMUNITY AMONG STUDENT, FACULTY, STAFF, AND ALUMNI OF MIT.$0$91,868
ANNUAL CONFERENCE - IN OCTOBER 2020, THE OCTET COLLABORATIVE HELD A VIRTUAL CONFERENCE FOR MEMBERS AND FRIENDS OF THE MIT COMMUNITY TO EXPLORE A VISION OF THE COMMON GOOD.$0$16,604
HIGHER PURSUITS$0$1,833
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NATHAN BARCZIExecutive DirectorPT$35,000-$35,000
MIA CHUNG-YEEPresidentPT$0--
KELLY MADDENTreasurer-$0--
DAVE THOMClerk And Vice President-$0--
DAVID WILLIAMSONBoard Member-$0--
EHI NOSAKHAREBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Octet Collaborative Inc
EIN
84-4881059
Phone
6173201346
Address
37 AVON STREET, SOMERVILLE, MA 02143

Signing Officer

Name
Nathan Barczi
Title
President/executive Director
Phone
6173201346
Signed
2021-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Easy Office Dba Jitasa
Address
1750 W FRONT STREET SUITE 200, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^BANK AND MERCHANT FEES;922|OFFICE EXPENSES;476|OTHER RELATED EXPENSES;327^Total;1725^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^ACCOUNTS RECEIVABLE;150^Total;150^”

Raw XML Appendix188 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CLERK AND VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherExpensesTotalAmt01725
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IRS990EZ/PrimaryExemptPurposeTxt0MISSION OF ORGANIZATION IS RESONANCE BETWEEN FAITH, REASON, AND IMAGINATION. RHYTHMS OF CALLING, WORK, AND REST. A PASSION FOR MEMBERS OF THE MIT COMMUNITY AS INTEGRATED PERSONS: MIND AND HAND, HEART AND SPIRIT. ORDER AND BEAUTY AMONG THE OFTEN DISSONANT ELEMENTS OF THE SCHOLARLY VOCATION: RESEARCH, TEACHING, MENTORING AND THE NEXT GENERATION.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ANNUAL CONFERENCE - IN OCTOBER 2020, THE OCTET COLLABORATIVE HELD A VIRTUAL CONFERENCE FOR MEMBERS AND FRIENDS OF THE MIT COMMUNITY TO EXPLORE A VISION OF THE COMMON GOOD.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt21833
IRS990EZ/ProhibitedTaxShelterTransInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PhoneNum06173201346
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE OCTET COLLABORATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0OCTE
ReturnHeader/Filer/EIN0844881059
ReturnHeader/Filer/PhoneNum06173201346
ReturnHeader/Filer/USAddress/AddressLine1Txt037 AVON STREET
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083702
ReturnHeader/PreparerPersonGrp/PhoneNum02082874777
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY CORK
ReturnHeader/ReturnTs02021-11-03T17:12:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,505
Liabilities
$0
Net assets
$51,505
Revenue
$156,181
Expenses
$139,778
Net income
$16,403
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.39$0.03$1.36$2.18$1.47$0.71
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.93$0.79$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.56$1.40$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.35$0.00$0.35