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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Octane Foundation for Innovation

Octane Foundation for Innovation

Fiscal year ending 2024. Filed on November 18, 2025.

4041 Macarthur Blvd 260
Newport Beach, California 92660

Octane Foundation for Innovation (EIN: 90-0176361), also known as Ofi, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Octane Foundation for Innovation, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $405,422. The highest compensated employee at Octane Foundation for Innovation is William Carpou with fiscal year 2024 compensation of $433,732.

Revenue, expenses, and employee compensation

Revenue

$909,812

Expenses

$964,270

Employee compensation

$356,382
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Carpou
Executive Director
$433,732
$0 $410,144 $23,588
Janelle Brunette
Chief Operating Officer
$377,111
$0 $355,394 $21,717

Benchmark Employee Compensation

Non-Employee Board Members

Bob Jacobson
Board Member
Brett Wall
Board Member
Bruce Feuchter
Board Member
Bruce Hallett
Board Member
Carrie Strom
Board Member
Celine Martin
Board Member
Clay Wilemon
Board Member
David Moatazedi
Board Member
Dominique Worthington
Board Member (Until 12/10/24)
Emile Haddad
Board Member (Until 12/10/24)
Goran Matijasevic
Board Member
Haleh Armian
Board Member

Mission Statement

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.

Revisions to this organization profile

November 18, 2025:
2024 Octane Foundation for Innovation 990 filed
November 15, 2024:
2023 Octane Foundation for Innovation 990 filed
November 16, 2023:
2022 Octane Foundation for Innovation 990 filed

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