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Nonprofiteer
← OPEN COMPLIANCE AND ETHICS GROUP INC

Form 990 for tax year 2023

Filed by OPEN COMPLIANCE AND ETHICS GROUP INC.

Totals

Total revenue
$3,043,157
Total expenses
$2,710,579
Contributions and grants received
$2,552,507
Grants paid
$0
Program service revenue
$475,753
Investment income
$15,083
Other revenue
-$186
Total assets, end of year
$4,026,711
Total liabilities, end of year
$14,888
Net assets or fund balances, end of year
$4,011,823
Program services expenses (Part IX)
$2,628,403
Management and general expenses
$82,176
Fundraising expenses
$0
Program service expenses (Part III)
$2,628,403

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,552,507

  • 2a · Program service revenue: GRC EDUCATION & TRAINING

    total $383,153 · related or exempt $383,153

  • 2b · Program service revenue: CONTENT DISTRIBUTION

    total $92,600 · unrelated business $92,600

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $15,083 · excluded $15,083

  • 6a · Gross rents

    real property $24,705

  • 6b · Less rental expenses

    real property $29,147

  • 6c · Rental income or loss

    real property -$4,442 · personal property $0

  • 6d · Net rental income or loss

    total -$4,442 · excluded -$4,442

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: CREDIT CARD REWARD PROGRAM

    total $2,939 · excluded $2,939

  • 11b · Other revenue: CREDIT CARD PROCESSING

    total $1,317 · excluded $1,317

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,256

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $493,770 · program services $433,931 · management and general $59,839

  • 6 · Compensation of disqualified persons

    total $193,291 · program services $193,291

  • 7 · Other salaries and wages

    total $199,500 · program services $199,500

  • 8 · Pension plan contributions

    total $7,980 · program services $7,980

  • 9 · Other employee benefits

    total $10,218 · program services $10,218

  • 10 · Payroll taxes

    total $41,463 · program services $37,390 · management and general $4,073

  • 11b · Fees: legal

    total $11,037 · program services $11,037

  • 11c · Fees: accounting

    total $10,992 · program services $8,507 · management and general $2,485

  • 11g · Fees: other

    total $1,068,409 · program services $1,068,409 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $72,690 · program services $72,690

  • 13 · Office expenses

    total $84,244 · program services $75,529 · management and general $8,715

  • 14 · Information technology

    total $218,182 · program services $217,055 · management and general $1,127

  • 16 · Occupancy

    total $27,859 · program services $22,645 · management and general $5,214

  • 17 · Travel

    total $70,182 · program services $70,182

  • 23 · Insurance

    total $16,819 · program services $16,452 · management and general $367

  • 24a · Other expenses: BANK FEES

    total $112,245 · program services $112,245

  • 24b · Other expenses: TRAINING

    total $34,477 · program services $34,121 · management and general $356

  • 24c · Other expenses: TEAM BUILDING

    total $31,632 · program services $31,632

  • 24d · Other expenses: LICENSES AND FEES

    total $1,819 · program services $1,819

  • 24e · All other expenses

    total $3,770 · program services $3,770 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,689,408 · end of year $1,200,539

  • 2 · Savings and temporary cash investments

    beginning of year $1,994,840 · end of year $2,825,130

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,042 · end of year $1,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,664 · end of year $14,888

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,675,626 · end of year $4,011,823

Mission and programs · 2023

Mission

OCEG IS A NONPROFIT ORGANIZATION THAT UNIQUELY HELPS ORGANIZATIONS DRIVE PRINCIPLED PERFORMANCE BY ENHANCING CULTURE AND INTEGRATING GOVERNANCE, RISK AND COMPLIANCE.

Activities or mission (Part I)

OCEG IS A NONPROFIT ORGANIZATION THAT UNIQUELY HELPS ORGANIZATIONS DRIVE PRINCIPLED PERFORMANCE BY ENHANCING CULTURE AND INTEGRATING GOVERNANCE, RISK AND COMPLIANCE

  • OCEG CONTINUED TO DEVELOP AND RELEASE NEW RESOURCES, INCLUDING INSTALLMENTS OF THE GRC ILLUSTRATED INFOGRAPHICS AND EBOOK SERIES. ADDITIONALY, WE RELEASED THE ULTIMATE GUIDE SERIES, WHICH INCLUDED THE ULTIMATE GUIDE TO AUDIT AND ASSURANCE AND THE ULTIMATE GUIDE TO DATA SECURITY AND CONTINUITY. THESE RESOURCES CONTINUE TO BE AVAILABLE FOR FREE DOWNLOAD. OCEG DEVELOPED THE INTEGRATED AUDIT AND ASSURANCE PROFESSIONAL CERTIFICATION AND THE ASSOCIATED BODY OF KNOWLEDGE AND TRAINING COURSE. AS PART OF THE DEVELOPMENT PROCESS, WE HELD A TRAINING SPRINT WITH LIVESTREAM SESSIONS INCLUDED THAT WAS AVAILABLE FOR FREE TO ANY OCEG MEMBER WITH AN ALL ACCESS PASS (AAP).

    Expenses $2,558,165 · Revenue $338,455

  • OCEG CONDUCTED TWO SURVEYS AND ISSUED REPORTS ON THE TOPICS OF THE USE OF AI FORGRC AND GRC STRATEGIES FOR EFFECTIVE AI GOVERNANCE. THESE REPORTS WERE AVAILABLE FOR FREE DOWNLOAD FOR APPROXIMATELY THREE MONTHS AND THEN WERE ADDED TO THE PREMIUM RESOURCE COLLECTION. WE ALSO CONTINUED TO HOLD SEVERAL WEBINARS EACH MONTH ON VARIOUS GRC RELATED TOPICS. WEBINARS ARE AVAILABLE FOR ANYONE TO ATTEND FOR FREE AND EVENT RECORDINGS AND SLIDES WERE MADE AVAILABLE TO ANYONE WITH AN AAP MEMBERSHIP.

    Expenses $70,238 · Revenue $44,698

As filed on the 2023 return.

Listed in Part VII

  • SCOTT l MITCHELL

    CEO,Chair, Secretary, Treasurer

    Total calculated
    $269,710
    From this org
    $256,000
    From related orgs
    $0
    Other
    $13,710
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $156,000
    Bonus
    $100,000
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $7,710
    Filer's total
    $269,710

  • Jon McCormick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Stephane Legay

    CTO

    Total calculated
    $224,060
    From this org
    $181,000
    From related orgs
    $0
    Other
    $43,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,000
    Bonus
    $70,000
    Other
    $0
    Deferred
    $7,069
    Nontaxable benefits
    $35,991
    Filer's total
    $224,060

  • Jeanna Legay

    Director of Finance

    Total calculated
    $115,928
    From this org
    $109,500
    From related orgs
    $0
    Other
    $6,428
    Hours/week
    40

  • Carole Switzer

    FORMER President

    Total calculated
    $193,291
    From this org
    $193,291
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,291
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,291

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GRC CERTIFY

    501(c)(4) · EDUCATION / TRAINING · AZ · controlled entity

    Directly controlled by OCEG

Provenance

Return type
form_990
Tax year
2023
Filed
16 November 2024
IRS schema version
2023v5.1
Source object
202403209349326060

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