Ethics Resource Center Inc
- Assets
- $3.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Vienna, VA
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 13-1671026
Organization Overview
Ethics Resource Center Inc, operating under the name Ethics Research Center, is located in Vienna, VA. The organization was established in 1943. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Ethics Research Center employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethics Research Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ethics Research Center generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ETHICS & COMPLIANCE INITIATIVE (ECI) IS A BEST PRACTICE COMMUNITY OF ORGANIZATIONS THAT ARE COMMITTED TO CREATING AND SUSTAINING HIGH-QUALITY ETHICS & COMPLIANCE PROGRAMS. ECI BRINGS TOGETHER ETHICS AND COMPLIANCE PROFESSIONALS AND ACADEMICS FROM ALL OVER THE WORLD TO SHARE TECHNIQUES, RESEARCH AND, MOST OF ALL, EXCITING NEW IDEAS.ECI IS THE LEADING PROVIDER OF INDEPENDENT RESEARCH ABOUT WORKPLACE INTEGRITY, ETHICAL STANDARDS, AND COMPLIANCE PROCESSES AND PRACTICES IN PUBLIC AND PRIVATE INSTITUTIONS. OUR RESEARCH INCLUDES THE LONG-STANDING NATIONAL BUSINESS ETHICS SURVEY (NBES) OF WORKPLACE CONDUCT IN THE UNITED STATES AND THE MORE RECENT GLOBAL BUSINESS ETHICS SURVEY (GBES) OF WORKPLACES IN LEADING WORLD ECONOMIES. ECI PUBLISHES RESEARCH FINDINGS BASED ON THE GBES THROUGH A VARIETY OF SO FORMATS INCLUDING PUBLIC SUMMARY REPORTS, INFOGRAPHICS, INTERACTIVE GRAPHICS AND PRESENTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ERC BUILT UPON THE PRINCIPLES AND PRACTICES OF HIGH QUALITY ETHICS & COMPLIANCE PROGRAMS (HQPS), BASED ON THE WORK OF A BLUE RIBBON PANEL, AND EXPANDED THE GLOBAL BUSINESS ETHICS SURVEY TO FIVE ADDITIONAL COUNTRIES. ERC DEVELOPED AND RELEASED TALKING THE WALK, A MONTHLY CASE STUDY DESIGNED TO ENCOURAGE CONVERSATIONS ABOUT IMPORTANT ETHICS & COMPLIANCE ISSUES, AND ETHICSTAT, A KEY LEARNING POINT FROM ERC RESEARCH THAT CAN BE UTILIZED IN COMPANY REPORTS ETC. IN 2020, ERC CONTINUED TO SUPPORT ORGANIZATIONS THROUGH FEE-FOR-SERVICE CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Harned CEO | Officer | 24 | $177,841 |
Semiha Esen Vp, Research & Analytics | Officer | 37 | $124,889 |
Florence Sumaray Vp, Marketing & Communications | Officer | 16 | $5,319 |
Larry Thompson Chair | Trustee | 1 | $0 |
Ashley Watson Vice Chair | Trustee | 1 | $0 |
Ben Bard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles River Cfo Accounting Services | 12/30/20 | $227,880 |
Ipsos Survey Services | 12/30/20 | $182,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,508,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,508,280 |
| Total Program Service Revenue | $1,252,731 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $192 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,796,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $447,195 |
| Compensation of current officers, directors, key employees. | $117,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,466 |
| Pension plan accruals and contributions | $32,425 |
| Other employee benefits | $83,272 |
| Payroll taxes | $48,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,485 |
| Fees for services: Accounting | $96,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,698 |
| Advertising and promotion | $4,625 |
| Office expenses | $5,655 |
| Information technology | $45,288 |
| Royalties | $0 |
| Occupancy | $98,599 |
| Travel | $4,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,909 |
| Interest | $1,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,282 |
| Insurance | $13,627 |
| All other expenses | $3,899 |
| Total functional expenses | $1,570,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,757 |
| Savings and temporary cash investments | $746,946 |
| Pledges and grants receivable | $253,500 |
| Accounts receivable, net | $965,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,754 |
| Net Land, buildings, and equipment | $104,196 |
| Investments—publicly traded securities | $29 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,042,521 |
| Total assets | $3,189,792 |
| Accounts payable and accrued expenses | $184,798 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $188,278 |
| Total liabilities | $373,076 |
| Net assets without donor restrictions | $1,703,672 |
| Net assets with donor restrictions | $1,113,044 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,189,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ethics Resource Center Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
American Institute Of Certified Public Accountants Durham, NC PURPOSE: CONTRIBUTION | $34,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $11,000 |
Endowment Analysis
| Beg. Balance | $72,323 |
| Other Expense | $72,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Industry Leaders Association Inc Washington, DC | $12,257,205 | $15,486,853 |
Loretto Literary & Benevolent Institution Nerinx, KY | $3,723,243 | $10,897,100 |
Center For Applied Linguistics Washington, DC | $9,420,510 | $10,701,396 |
Barbara Bush Foundation For Family Literacy Inc Washington, DC | $30,746,734 | $7,662,955 |
National Humanities Center Research Triangle Park, NC | $81,630,091 | $12,139,201 |
New Civil Liberties Alliance Washington, DC | $4,877,448 | $3,912,261 |
Humanity First Usa Silver Spring, MD | $4,268,459 | $5,114,185 |
Maryland Humanities Council Inc Baltimore, MD | $2,602,498 | $3,083,306 |
Ripon Society Inc Washington, DC | $17,655,909 | $3,657,728 |
Humanities Tennessee Nashville, TN | $634,896 | $2,324,740 |
American Helicopter Society International Inc Fairfax, VA | $2,304,770 | $2,233,027 |
Glass Packaging Institute Arlington, VA | $1,054,008 | $1,926,864 |