Open Compliance and Ethics Group Inc

EIN: 593771849 501(c)(3) Education

Phoenix, AZ

Total Revenue
$4,497,599
Total Expenses
$3,050,051
Total Assets
$5,505,708
Net Assets
$5,482,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AZ
Phone
6022349278
Tax Period
2024-01-01 to 2024-12-31

Open Compliance and Ethics Group Inc, founded in 2003, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 32% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $2,945,148 Revenue: $261,303

OCEG CONTINUED TO DEVELOP AND RELEASE NEW RESOURCES, INCLUDING INSTALLMENTS OF THE GRC ILLUSTRATED AND EBOOK SERIES. ADDITIONALLY, WE RELEASED THE ESSENTIAL GUIDE SERIES, WHICH INCLUDED THE ESSENTIAL...

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OCEG CONTINUED TO DEVELOP AND RELEASE NEW RESOURCES, INCLUDING INSTALLMENTS OF THE GRC ILLUSTRATED AND EBOOK SERIES. ADDITIONALLY, WE RELEASED THE ESSENTIAL GUIDE SERIES, WHICH INCLUDED THE ESSENTIAL GUIDE TO AI GOVERNANCE. THESE RESOURCES CONTINUE TO BE AVAILABLE FOR FREE DOWNLOAD. OCEG DEVELOPED THE INTEGRATED COMPLIANCE & ETHICS 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 MADE AVAILABLE FOR FREE TO ANY OCEG MEMBER WITH AN ALL ACCESS PASS (AAP).

Program 2
Expenses: $46,667 Revenue: $61,097

IN THE AREA OF RESEARCH, OCEG CONDUCTED ONE SURVEY AND ISSUED A REPORT ON THE TOPIC OF COMPLIANCE & ETHICS TRAINING. THE REPORT WAS AVAILABLE FOR FREE DOWNLOAD FOR APPROXIMATELY THREE MONTHS AND THEN...

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IN THE AREA OF RESEARCH, OCEG CONDUCTED ONE SURVEY AND ISSUED A REPORT ON THE TOPIC OF COMPLIANCE & ETHICS TRAINING. THE REPORT WAS AVAILABLE FOR FREE DOWNLOAD FOR APPROXIMATELY THREE MONTHS AND THEN WAS 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 AVAILABLE TO ANYONE WITH AN AAP MEMBERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,063,094
Program Service Revenue $398,400
Investment Income $29,891
Other Revenue $6,214
TOTAL REVENUE $4,497,599

Expense Breakdown

Grants Paid $7,075
Salaries & Benefits $618,741
Fundraising Expenses $0
Program Expenses $2,991,815
Other Expenses $2,424,235
TOTAL EXPENSES $3,050,051

Year-over-Year Comparison

2024 2023 Change
Revenue $4,497,599 $3,043,157 +0.5%
Expenses $3,050,051 $2,710,579 +0.1%
Net Income $1,447,548 $332,578 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
2
Independent Members
1
Employees
1
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$339,277
Total Directors
2
$339,277
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT l MITCHELL CEO,Chair, Secretary, Treasurer 40.0
Officer Director
$306,000 $33,277 $339,277
JON MCCORMICK DIRECTOR 0.3
Director
$0 $0 $0
CAROLE SWITZER FORMER President 40.0
$202,231 $0 $202,231
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,497,599 $3,050,051 $5,505,708 $1,447,548
2023 $3,043,157 $2,710,579 $4,026,711 $332,578
2022 $2,485,172 $1,902,074 $3,685,290 $583,098
2021 $2,253,577 $1,368,187 $3,101,073 $885,390
2020 $1,927,038 $1,248,193 $2,337,239 $678,845
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