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

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $86K a year · 30% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $68K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$699
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$289K
+33% vs prior year
Spent
$187K
To programs
65%
Net assets
$338K
By yearFY2020–FY2025
Revenue
$289K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$35K
FY2021$156K
FY2022$93K
FY2023$218K
FY2024$289K
FY2025$350K
Expenses
$187K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$147K
FY2024$187K
FY2025$264K
Net assets
$338K
FY2024▲ +148%
Tap a bar for its year
Net assets by fiscal year
FY2020$35K
FY2021$52K
FY2022$66K
FY2023$136K
FY2024$338K
FY2025$424K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $122K Management & general 22% · $40K Fundraising 13% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Senior Theologian
$63,000Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nathan Barczi’s $63K as Senior Theologian is at the 65th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nathan Barczi$63,000$63,000$60,000$65,000$35,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Octet Collaborative INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes human flourishing through a community of faculty, staff, and students grounded in historic Christian faith.

Questions for The Octet Collaborative INC

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Provided by the organization

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1 program · $122K · in their own filed words · FY2023
01

General Program

Includes operational, administrative, and fundraising expenses for our activities under diálogos and "a better future." also included in this category is our communications work through our monthly newsletter and the infinite corridor podcast series.

$122Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$289K
Ln 12
Gifts and grantsLn 1h$272K
Other incomeLn 4–11$16K
Investment incomeLn 3$614
Money outPt IX
$187K
Ln 25
Programscol B$122K
Managementcol C$40K
Fundraisingcol D$24K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$339K
LiabilitiesLn 26$699
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$272K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$614
Other incomeLn 4–11$16K
Total revenueLn 12$289K
Assets in detailPt X, end of year
CashLn 1$239K
Cash and savings togetherLn 1–2$239K
InvestmentsLn 11–13$101K
Total assetsLn 16$339K
LiabilitiesLn 26$699
Net assetsLn 32$338K
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$139K$239K
InvestmentsLn 11–13$101K
Total assetsLn 16$139K$339K
LiabilitiesLn 26$3K$699
Net assetsLn 32$136K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$32K$13K$19K
Payroll taxesLn 10$5K$4K$964
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$26K$17K$6K$3K
Office expensesLn 13$4K$976$475$2K
Information technologyLn 14$3K$463$2K
TravelLn 17$8K$4K$4K
InsuranceLn 23$931$931
Other expenses (24a–d)Ln 24$68K$64K$4K$0
Total functional expensesLn 25$187K$122K$40K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $350K$264K$85K$424K 990 PDF
FY2024 Viewing $289K$187K$102K$338K 990 PDF
FY2023 $218K$147K$71K$136K 990 PDF
FY2022 $93K$66K 990 PDF
FY2021 $156K$52K 990 PDF
FY2020 $35K$35K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $288,674 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $216,703$272,268
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$614
I-11 Other revenuePrior year $955$15,792
I-12 Total revenuePrior year $217,658$288,674
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $70,473$67,820
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $76,518$118,686
I-18 Total expensesPrior year $146,991$186,506
I-19 Revenue less expensesPrior year $70,667$102,168
Part VI · Governance 6 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $288,674 across 12 lines filed
Lines not itemized here account for $350 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$272,268
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$272,268
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $614$614
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,442 · Unrelated business $0 · Excluded from tax $0$15,442
VIII-12 Total revenueRelated to mission $15,792 · Unrelated business $0 · Excluded from tax $614$288,674
Part IX · Statement of functional expenses $186,506 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,500 · Management $12,600 · Fundraising $18,900$63,000
IX-10 Payroll taxesPrograms $3,856 · Management $964$4,820
IX-11c Accounting feesManagement $9,108$9,108
IX-11g Other fees for servicesPrograms $16,813 · Management $5,692 · Fundraising $3,081$25,586
IX-13 Office expensesPrograms $976 · Management $475 · Fundraising $2,460$3,911
IX-14 Information technologyPrograms $463 · Management $2,415$2,878
IX-17 TravelPrograms $4,173 · Management $4,264$8,437
IX-23 InsuranceManagement $931$931
IX-24 Other expenses (24a–d)Programs $64,173 · Management $3,662 · Fundraising $0$67,835
IX-25 Total functional expensesPrograms $121,954 · Management $40,111 · Fundraising $24,441$186,506
Part X · Balance sheet $339,191 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $138,946$238,577
X-13 Program-related investments$100,614
X-16 Total assetsStart of year $138,946$339,191
X-17 Accounts payable and accrued expensesStart of year $2,622$699
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $2,622$699
X-27 Net assets without donor restrictionsStart of year $136,324$237,878
X-28 Net assets with donor restrictionsStart of year $0$100,614
X-32 Total net assets or fund balancesStart of year $136,324$338,492
X-33 Total liabilities and net assetsStart of year $138,946$339,191
Part XI · Reconciliation of net assets $338,492 net assets at year end
XI-1 Total revenue$288,674
XI-2 Total expenses$186,506
XI-3 Revenue less expenses$102,168
XI-4 Net assets at start of year$136,324
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$100,000
XI-10 Net assets at end of year$338,492

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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