Open Identity Exchangeinc

Nonprofit profile at a glance

EIN
010948527
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
San Ramon, CA, USA
Phone
9252756648
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$399,287
Expenses
$550,189
Assets
$983,195
Liabilities
$342,048

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • DON THIBEAU (CHAIRMAN AND PRESIDENT)
  • PAUL AGBABIAN (VICE-PRESIDENT)

Highest reported compensation

  • DON THIBEAU (CHAIRMAN AND PRESIDENT): $151,250 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Open identity exchange (oix) is a technology agnostic, non-profit trade organization of leaders from competing business sectors focused on building the volume and velocity of trusted transactions online. Oix enables members to expand existing identity services and serve adjacent markets. Members advance their market position through joint research and engaging in pilot projects to test real world use cases. The results of these efforts are published via oix white papers and shared publically via oix workshops. Oix members work together to jointly fund and participate in pilot projects (sometimes referred to as alpha projects). These pilots test business, legal, and/or technical concepts or theory and their interoperability in real world use cases. Oix operates the oixnet trust registry, a global, authoritative registry of business, legal, and technical requirements needed to ensure market adoption and global interoperability.

What it reported doing in 2017

Oix continued its leadership role in the lightest project in 2017. Lightest is a project to build a global trust infrastructure that enables transactions in a wide variety of applications. On a global scale there are an increasing number of electronic transactions that are becoming part of every day life, and it is necessary to have assistance from authorities to certify electronic identities. Oix's role is as the curator of a two way global conversation, embracing business, legal and technical aspects of this complex research project, ensuring that the development of the two code bases 'technical code and 'legal' code are aligned and interoperable. Oix's lightest we're global with organization representatives presenting at global industry events while hosting adjacent workshops.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 39
  • Accountability: 63
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -37.8%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.79; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 27.5%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -33.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -11.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 13 board members independent · 1 of 8 filing controls reported
  • Programs: 9 filed program accomplishments
  • Leadership: top reported pay $151K · 13 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $151K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes foreign activity and executive pay
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.