Open Compliance And Ethics Group Inc
- Assets
- $3.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 59-3771849
Organization Overview
Open Compliance And Ethics Group Inc, operating under the name Oceg, is located in Phoenix, AZ. The organization was established in 2004. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2022, Oceg employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceg 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 12/2022, Oceg generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OCEG IS A NONPROFIT ORGANIZATION THAT UNIQUELY HELPS ORGANIZATIONS DRIVE PRINCIPLED PERFORMANCE BY ENHANCING CULTURE AND INTEGRATING GOVERNANCE, RISK AND COMPLIANCE.
Describe the Organization's Program Activity:
OCEG DEVELOPED AND RELEASED A NUMBER OF NEW INSTALLMENTS IN OUR GRC ILLUSTRATED SERIES OF INFOGRAPHICS, OUR PLAYBOOK SERIES OF GUIDANCE, AND OUR EBOOK SERIES, ON THE TOPICS OF ESG AND DATA PRIVACY WHICH ARE TWO SUBJECTS OF PARTICULAR INTEREST TO OUR MEMBERS.A MAJOR CONTENT DEVELOPMENT WAS THE RELEASE OF THE INTEGRATED DATA PRIVACY MODEL. THROUGHOUT THE YEAR WE WORKED WITH AN EXPERT ADVISORY PANEL TO DEVELOP THE NEW MODEL AND AN ASSOCIATED NEW CERTIFICATION (INTEGRATED DATA PRIVACY PROFESSIONAL OR IDPP) AND THESE WERE RELEASED IN OCTOBER 2022. THE MODEL IS AVAILABLE AN AN OPEN SOURCE SET OF STANDARDS AND ANYONE MAY DOWNLOAD IT AFTER LOGGING ONTO THE OCEG WEBSITE.
IN THE AREA OF RESEARCH, OCEG ISSUED TWO SURVEY REPORTS, ONE ON GRC READINESS AND ONE ON THE IMPACT OF DIGITILIZATION. ALL OF THIS NEW CONTENT WAS MADE AVAILABLE FOR DOWNLOAD BY ANYONE LOGGED ONTO THE OCEG WEBSITE FOR FREE FOR APPROXIMATELY TWO MONTHS AFTER IT WAS POSTED TO THE OCEG RESOURCE COLLECTION, AND THEREAFTER WAS MADE AVAILABLE TO ANYONE WITH AN OCEG ALL ACCESS PASS (AAP).OCEG ALSO HELD WEBINARS EACH MONTH ON A VARIETY OF GRC TOPICS. THESE ARE AVAILABLE TO BE ATTENDED FREE BY ANYONE LOGGED ONTO THE OCEG WEBSITE AND ARCHIVES OF THE WEBINAR RECORDINGS AND THE SLIDES WERE MADE AVAILABLE TO ANYONE WITH AN AAP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Mccormick Director | Trustee | 0.25 | $0 |
Scott L Mitchell Director / Chair | OfficerTrustee | 40 | $231,000 |
Carole Switzer President | Officer | 40 | $191,000 |
Stephane Legay Fmr Director (until 12/31/21) / Cio | Officer | 40 | $161,000 |
Jeanna Legay Director Of Finance | 40 | $104,500 |
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 | $1,875,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,875,153 |
| Total Program Service Revenue | $602,595 |
| Investment income | $1,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,114 |
| 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 | $2,485,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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. | $656,789 |
| Compensation of current officers, directors, key employees. | $22,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,231 |
| Pension plan accruals and contributions | $4,180 |
| Other employee benefits | $10,525 |
| Payroll taxes | $47,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,535 |
| Fees for services: Accounting | $11,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $526,627 |
| Advertising and promotion | $1,834 |
| Office expenses | $144,658 |
| Information technology | $169,996 |
| Royalties | $0 |
| Occupancy | $18,569 |
| Travel | $48,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,697 |
| All other expenses | $0 |
| Total functional expenses | $1,902,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,689,408 |
| Savings and temporary cash investments | $1,994,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,042 |
| Total assets | $3,685,290 |
| Accounts payable and accrued expenses | $9,664 |
| 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 | $0 |
| Total liabilities | $9,664 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,675,626 |
| Total liabilities and net assets/fund balances | $3,685,290 |