Civic Intelligence

The Octet Collaborative Inc.

990EZ • Fiscal year 2022 • EIN 84-4881059

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 29, 2023

Organization Profilewww.octetcollaborative.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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

65th percentile

15%

Higher net margin than 65% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$65,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 69.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

76th percentile

28%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-40%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$65,807

Up $14,302 (+28%) from 2021

Net Assets

Up

$65,807

Up $14,302 (+28%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin65th percentile

Revenue

Down

$93,100

Down $63,081 (-40%) from 2021

Expenses

Down

$78,798

Down $60,980 (-44%) from 2021

Net Income

Down

$14,302

Down $2,101 (-13%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2022

Assets$65,807
Liabilities$0
Net Assets$65,807
Open 2022 Filing

Operations Trend

Revenue Growth14th 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

2022

Revenue$93,100
Expenses$78,798
Net Income$14,302
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 29, 2023
Return Version
2021v4.0
Gross Receipts
$93,100
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: PROGRAMS SUPPORTING THE OVERALL MISSION OF THE OCTET COLLABORATIVE, TO BUILD A COMMUNITY OF STUDENTS, FACULTY, AND STAFF AT MIT, DEDICATED TO HUMAN FLOURISHING, FORMED BY THE HISTORIC CHRISTIAN FAITH.$0$27,736
HIGHER PURSUITS PROGRAM: PODCAST FUNDED BY SUB-GRANT ISSUES BY THE STEPHEN AND LAUREL BROWN FOUNDATION IN MADISON, WISCONSIN, AS WELL AS PARTICIPATION IN MEETINGS WITH THE FOUNDATION AND OTHER GRANT RECIPIENTS.$0$1,693
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NATHAN BARCZIExecutive DirectorPT$65,000-$65,000
MIA CHUNG-YEEBoard ChairPT$0--
RUTH CHANGTreasurer-$0--
PAUL BURKEBoard Member-$0--
DAVID CHANBoard Member-$0--
EHI NOSAKHAREBoard Member-$0--
DAVID WILLIAMSONBoard 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
Mia Chung-yee
Title
Executive Director
Phone
6173201346
Signed
2023-03-29
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^OFFICE EXPENSES;1691|TRAVEL AND MEETING EXPENSES;1642^Total;3333^”

Form 990-EZ, Part II, Line 24

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

Raw XML Appendix192 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/PersonNm0NATHAN BARCZI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAUL BURKE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
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/DescriptionProgramSrvcAccomTxt1HIGHER PURSUITS PROGRAM: PODCAST FUNDED BY SUB-GRANT ISSUES BY THE STEPHEN AND LAUREL BROWN FOUNDATION IN MADISON, WISCONSIN, AS WELL AS PARTICIPATION IN MEETINGS WITH THE FOUNDATION AND OTHER GRANT RECIPIENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt093100
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIA CHUNG-YEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06173201346
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-29
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/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083702
ReturnHeader/PreparerPersonGrp/PhoneNum02082874777
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY CORK
ReturnHeader/ReturnTs02023-03-29T15:33:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,807
Liabilities
$0
Net assets
$65,807
Revenue
$93,100
Expenses
$78,798
Net income
$14,302
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits