Civic Intelligence

Open Identity Exchangeinc

990 • Fiscal year 2017 • EIN 01-0948527

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 21, 2018

2400 Camino Ramon No 375San Ramon, CA 94583

(925) 275-6648

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.35x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

0.86x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

3rd percentile

-38%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$151,250

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 37.9% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

15th percentile

-11%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-40%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$983,195

Down $126,343 (-11%) from 2016

Net Assets

Down

$641,147

Down $150,902 (-19%) from 2016

Liabilities

Up

$342,048

Up $24,559 (+7.7%) from 2016

Revenue

Down

$399,287

Down $266,218 (-40%) from 2016

Expenses

Down

$550,189

Down $66,183 (-11%) from 2016

Net Income

Down

-$150,902

Down $200,035 (-407%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $444,674Liabilities 2011: $285,213Net Assets 2011: $159,4612011Assets 2012: $719,996Liabilities 2012: $349,801Net Assets 2012: $370,1952012Assets 2013: $768,216Liabilities 2013: $334,851Net Assets 2013: $433,3652013Assets 2014: $1,062,168Liabilities 2014: $427,205Net Assets 2014: $634,9632014Assets 2015: $1,238,088Liabilities 2015: $495,172Net Assets 2015: $742,9162015Assets 2016: $1,109,538Liabilities 2016: $317,489Net Assets 2016: $792,0492016Assets 2017: $983,195Liabilities 2017: $342,048Net Assets 2017: $641,1472017

Highlighted filing

2017

Assets$983,195
Liabilities$342,048
Net Assets$641,147

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $484,097Expenses 2011: $356,597Net Income 2011: $127,5002011Revenue 2012: $614,839Expenses 2012: $404,105Net Income 2012: $210,7342012Revenue 2013: $654,076Expenses 2013: $590,906Net Income 2013: $63,1702013Revenue 2014: $756,927Expenses 2014: $555,329Net Income 2014: $201,5982014Revenue 2015: $819,948Expenses 2015: $711,995Net Income 2015: $107,9532015Revenue 2016: $665,505Expenses 2016: $616,372Net Income 2016: $49,1332016Revenue 2017: $399,287Expenses 2017: $550,189Net Income 2017: -$150,9022017

Highlighted filing

2017

Revenue$399,287
Expenses$550,189
Net Income-$150,902
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 21, 2018
Return Version
2017v2.3
Gross Receipts
$399,287
Mission and Program 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.

The 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$921,209$891,827▼ $29,382
Accounts Receivable$156,000$63,000▼ $93,000
Savings and Temporary Cash Investments$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$5,899$5,153▼ $746
Land, Buildings, and Equipment, Net$6,430$3,215▼ $3,215
Total Assets$1,109,538$983,195▼ $126,343
Liabilities
Deferred Revenue$286,166$231,148▼ $55,018
Accounts Payable and Accrued Expenses$31,323$110,900▲ $79,577
Total Liabilities$317,489$342,048▲ $24,559
Net Assets / Fund Balance
Unrestricted Net Assets$792,049$641,147▼ $150,902
Total Net Assets Fund Balance$792,049$641,147▼ $150,902
Total Liabilities and Net Assets / Fund Balance$1,109,538$983,195▼ $126,343

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,215$14,680-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Don ThibeauChairman and PresidentFT$151,250$151,250

Board Members and Trustees

NameTitle
Paul AgbabianVice-president
Adam DawesDirector
Anthony NadalinDirector
Chris FergusonDirector
Don JohnsonDirector
Glenn MorganDirector
Lina LibertiDirector
Nick MothershawDirector
Paresh MajithiaDirector
Shailish GroverDirector
Kim SutherlandSecretary
John BradleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Don ThibeauExecutive Director Services6515 CALLANDER DRIVE, Bethesda, MA 20817$151,250
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$399,277
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$-150,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$550,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$223,560
Fees for Services Legal---$93,288
Fees for Services Other---$58,858
Travel---$46,290
Fees for Services Accounting---$9,651
Insurance---$8,475
Depreciation Depletion---$3,215
Information Technology---$3,055
Conferences and Meetings---$1,034
Other Expenses---$450
All Other Expenses---$173
Office Expenses---$49
Total Functional Expenses$0$0$0$550,189
International Activity

International Summary

Offices
0
Employees
0
Spending
$49,891

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesConsulting00$49,891
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Oix has contracted with a management company to perform program management and accounting and membership management services.

Form 990, Part VI, Section B, Line 11B

Form 990 was reviewed by the chairman and treasurer prior to filing.

Form 990, Part VI, Section C, Line 19

Oix makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Open Identity Exchangeinc
EIN
01-0948527
Phone
9252756648
Address
2400 CAMINO RAMON NO 375, SAN RAMON, CA 94583

Signing Officer

Name
Don Thibeau
Title
Chairman
Phone
9252756648
Signed
2018-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Thibeau
Formed
2010
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
132

Preparer

Firm
Cropper Accountancy Corporation
Address
2977 YGNACIO VALLEY ROAD 460, WALNUT CREEK, CA 94598
Preparer
Mary Ann Cropper
Phone
9259323860
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other program management 58,858.

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc1TECHNICAL PROGRAMS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1208
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1208
IRS990/ProgSrvcAccomActy2Grp/Desc0OIX 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0OIX LAUNCHED A NEW BETA PROJECT, THE OIX IDENTITY CHANNEL (OIX IDC). THE OIX IDC AGGREGATES, CURATES AND REDISTRIBUTES ITS MEMBERS' VIDEO AND RELATED CONTENT TO A GLOBAL BUSINESS AUDIENCE AND MAKES CONTENT EASIER TO FIND BY CENTRALIZING DIVERSE CONTENT SOURCES. THE OIX IDC IS VIEWED AS NEUTRAL COMING FROM THE ONLY NON-PROFIT, TECHNOLOGY-AGNOSTIC, CROSS-SECTOR, PUBLIC/PRIVATE PARTNERSHIP WITH GLOBAL REPUTATION AS AN AUTHORITY ON INTERNET IDENTITY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OIX INVESTED IN UPDATING ITS' BYLAWS, AGREEMENTS AND POLICIES TO ENSURE CURRENCY AND BETTER ALIGN WITH INCREASINGLY INTERNATIONAL MEMBERSHIP. IN 2017, THIS INCLUDED AN UPDATED WEBSITE PRIVACY POLICY THAT WAS UNANIMOUSLY APPROVED BY THE OIX BOARD OF DIRECTORS. UPDATING THE WEBSITE PRIVACY POLICY WAS PROACTIVE AHEAD OF GDPR COMPLIANCE PLANNING.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OIX CONTINUES TO PUBLISH WHITE PAPERS FOCUSED ON LEADING IDENTITY TOPICS WHILE ALSO REPORTING ON CURRENT PROJECTS. OIX ALSO LAUNCHED THE ""TRUST FRAMEWORK SERIES"" OF WHITE PAPERS IN 2016 THAT FOCUSES ON THE DEVELOPMENT AND GOVERNANCE OF TRUST FRAMEWORKS WHILE ALSO REPORTING ON GLOBAL TRUST FRAMEWORK USE-CASES. THE FIRST WHITE PAPER IN THE TRUST FRAMEWORK SERIES WAS PUBLISHED IN EARLY 2017 WITH ANOTHER THREE PAPERS PUBLISHED LATER IN 2017.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2OIX CONTINUED TO HOST GLOBAL WORKSHOPS IN THE UK, EU AND US FOCUSED ON EMERGING IDENTITY TOPICS AND MEMBER PROJECTS IN 2017. MANY OF THE WORKSHOP EXPLORE IN-DEPTH THE BUSINESS, LEGAL AND TECHNICAL OPPORTUNITIES AND CHALLENGES FACING THESE PROJECT WITH A FOCUS ON HOW TO DEAL WITH ASSOCIATED LIABILITY. THE WORKSHOPS ALSO ADDRESS THE ECONOMICS OF THE PROJECTS AND HOW THOSE CONSIDERATIONS DOVETAIL WITH THE BUSINESS, LEGAL AND TECHNICAL REQUIREMENTS. IN 2017, THE STANDOUT OIX EVENTS WERE THE INTERNATIONAL IDENTITY MANAGEMENT LAW AND POLICY MEETING II AT THE WORLD BANK IN WASHINGTON, DC AND THE ECNONOMICS OF IDENTITY III EVENT IN LONDON.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3OIX MEMBERS CONTINUED TO USE THE OIX PLATFORM TO LAUNCH GLOBAL IDENTITY PROJECTS. IN 2017, THESE NEW PROJECTS INCLUDED THE CONNECTING EUROPE FACILITY (CEF) PJECT FOCUSED ON DEVELOPING AND TESTING A PROTOTYPE THAT WILL ALLOW AN EU CITIZEN TO OPEN A BANK ACCOUNT IN ANOTHER EUROPEAN COUNTRY USING THEIR NATIONAL DIGITAL IDENTITY. AS PART OF THE CEF PROJECT, OIX PUBLISHED WHITE PAPER REPORTING ON THE PROJECT. OIX MEMBER, THE INTERNATIONAL AIR TRANSPORT ASSOCIATED (IATA), LAUNCHED THE ONE IDENTITY OIX PROJECT WHICH IS A VISIONARY CONCEPT THAT WOULD ALLOW AN AIR TRAVELER TO ASSERT THEIR IDENTITY JUST ONCE, ELIMINATING REPETITIVE ID CHECKS AT SECURITY, BORDER CONTROL AND THE GATE.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4OIX LAUNCHED A NEW MEMBER BENEFIT, THE OIX SOCIAL MEDIA SUPPORT PROGRAM, IN 2017. OIX CONTRACTED WITH A SOCIAL MEDIA EXPERT TO WORK WITH OIX MEMBERS TO BEST PROMOTE THEIR INTERNATIONAL IDENTITY EFFORTS VIA SOCIAL MEDIA PLATFORMS. THESE EFFORTS ALSO INCLUDED CONNECTING MEMBERS WITH SIMILAR OR SYNERGISTIC EFFORTS TO CONSIDER FUTURE OIX PROJECTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5IN 2017, THE OPEN BANKING IMPLEMENTATION ENTITY JOINED THE OIX WITH GOAL OF USING THE OIX PLATFORM TO PROMOTE THE OPEN BANKING INITIATIVE IN THE UK VIA OIX WORKSHOPS AND WHITE PAPERS. OIX AND OPEN BANKING HOSTED THE FIRST WORKSHOP IN LONDON IN NOVEMBER 2017 THAT WAS USED AS A PLANNING CATALYST FOR 2018 EFFORTS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DON THIBEAU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN AND PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OIX HAS CONTRACTED WITH A MANAGEMENT COMPANY TO PERFORM PROGRAM MANAGEMENT AND ACCOUNTING AND MEMBERSHIP MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY THE CHAIRMAN AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OIX MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROGRAM MANAGEMENT 58,858.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0792049
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