International City Management Association Retirement Corporation
91% goes to programs Strong reserves
International City Management Association Retirement Corporation is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1973, with $290,077,681 in FY2024 revenue. CharityIndex grades it A+, and it directs about 91% of spending to programs.
777 N Capitol St Ne Ste 600, Washington, DC, 20002 EIN 23-7268394 Since 1973
Revenue (FY2024)
$290.1M
▲ 7.8% vs prior year
Membership median: $185K
Expenses (FY2024)
$292.0M
Net assets
$594.5M
Employees
725
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating91% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For International City Management Association Retirement Corporation: 91% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For International City Management Association Retirement Corporation: 24 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For International City Management Association Retirement Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For International City Management Association Retirement Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The corporation serves to lessen the burden of state and local governments and their instrumentalities by assisting them in establishing and administering qualified, deferred compensation and other retirement plans, and by providing them with retirement plan administration and asset management services that include broad-based financial and retirement planning and related investment education support. the corporation makes its services available to all municipal government employers, including many that have limited or no other viable retirement plan administration or investment trust options available to them.
Contact & location
- Address
- 777 N Capitol St Ne Ste 600, Washington, DC, 20002
- City
- Washington
- State
- District of Columbia
- Category
- Mutual & Membership Benefit
- Subcategory
- Pension & Retirement Funds
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $202.4M (FY2013) to $290.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $109.8MNet assets $594.5M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$704.3M
Total liabilities
$109.8M
Net assets
$594.5M
Salaries & benefits
$148.6M
51% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $290,077,681▲7.8% | $292,047,310▲9.2% | $594,463,179▲4.5% | $704,297,533▲3.9% | 990 |
| 2023 | $268,974,871▼0.9% | $267,564,091▲6.2% | $569,098,633▲7.2% | $677,967,336▲5.4% | 990 |
| 2022 | $271,458,710▼14.9% | $251,906,642▼7.6% | $530,931,063▼9.8% | $643,097,063▼6.0% | 990 |
| 2021 | $318,914,554▲27.9% | $272,532,940▲22.8% | $588,695,094▲14.2% | $683,853,654▲17.1% | 990 |
| 2020 | $249,374,685▲2.4% | $221,903,207▼12.6% | $515,285,495▲14.1% | $583,812,371▲10.2% | 990 |
| 2019 | $243,525,421▲1.6% | $253,798,109▲2.5% | $451,524,438▲7.1% | $530,010,241▲6.5% | 990 |
| 2018 | $239,638,761▲2.4% | $247,712,121▲2.8% | $421,520,337▼8.9% | $497,452,269▼8.3% | 990 |
| 2017 | $233,965,106▲7.9% | $240,948,559▲8.3% | $462,695,134▲4.1% | $542,617,546▲5.4% | 990 |
| 2016 | $216,840,174▼3.3% | $222,522,232▲11.0% | $444,382,124▲3.7% | $514,923,005▲5.3% | 990 |
| 2015 | $224,220,944▲0.6% | $200,422,757▲11.4% | $428,548,057▲0.5% | $489,002,619▼1.0% | 990 |
| 2014 | $222,842,502▲10.1% | $179,947,581▲10.6% | $426,374,527▲9.5% | $493,889,563▲9.2% | 990 |
| 2013 | $202,383,230 | $162,630,603▲8.8% | $389,219,523▲13.0% | $452,312,085▲11.3% | 990 |
| 2012 | — | $149,504,599▲6.8% | $344,415,157▲17.1% | $406,510,064▲16.1% | 990 |
| 2011 | — | $139,934,332▲1.5% | $294,076,609▲10.1% | $350,237,849▲9.7% | 990 |
| 2010 | — | $137,814,525 | $267,199,518 | $319,307,254 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Deanna Santana Until 90324 — $2,056,882 (0.70% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Deanna Santana Until 90324 | Acting President, Ceo, Director | 40 | $2,056,882 |
| Wayne Wicker Until 40524 | Svp, Chief Investment Officer | 40 | $1,546,791 |
| Karen Chong-wulff | Mvp, Fixed Income Investments | 40 | $1,199,321 |
| Andrew Whiting | Svp, Chief Revenue Officer | 40 | $1,186,712 |
| Angela Montez | Secretary, Clo | 40 | $1,111,124 |
| Andre Robinson As of 90324 | President, Ceo, Director | 40 | $972,104 |
| Aimei Zhong Until 102924 | Mvp, Equity Investments | 40 | $946,969 |
| Venkatakrishnan Balakrishnan | Mvp, Asset Allocation Investments | 40 | $846,381 |
| Dai Shi | Treasurer, Cfo | 40 | $846,037 |
| Thomas Mcandrews As of 90324 | Assistant Secretary | 40 | $506,677 |
| Erica Mcfarquhar As of 90324 | Assistant Secretary | 40 | $495,959 |
| Christopher Graves | Assistant Treasurer | 40 | $204,046 |
| Robert Jones Until 90324 | Director | 2 | $5,231 |
| Joseph Coyne | Director | 2 | $4,990 |
| Troy Brown | Director | 2 | $4,365 |
| Opal Mauldin-jones | Director | 2 | $1,921 |
| Marc Ott | Director | 2 | $858 |
| Brian Clarke | Director | 2 | — |
| Cynthia Steer | Director | 2 | — |
| Mona Miyasato | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Accenture LLP | Business Consulting | $10,896,034 |
| Broadridge Communications LLC | Communications | $1,905,233 |
| Data Management Group LLC | It Consulting | $1,661,030 |
| Matrix Trust Company | Trustee Services | $1,555,293 |
| Guidepoint Security LLC | It Consulting | $1,404,128 |
Grants made · $13K in FY2024
1 grant totaling $13K in FY2024. All grants made by International City Management Association Retirement Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Miriams Kitchen | Help individuals obtain housing and other critical resources needed to end chronic homelessness. | $12,849 |
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Frequently asked questions
- Is International City Management Association Retirement Corporation a legitimate nonprofit?
- Yes. International City Management Association Retirement Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7268394, based in Washington, District of Columbia. Donations are tax-deductible.
- What is International City Management Association Retirement Corporation's EIN?
- International City Management Association Retirement Corporation's Employer Identification Number (EIN) is 23-7268394.
- How much revenue does International City Management Association Retirement Corporation report?
- International City Management Association Retirement Corporation reported $290,077,681 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of International City Management Association Retirement Corporation's spending goes to programs?
- International City Management Association Retirement Corporation spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does International City Management Association Retirement Corporation have?
- CharityIndex grades International City Management Association Retirement Corporation A+, based on program efficiency and fundraising cost.
- How much does International City Management Association Retirement Corporation's highest-paid employee make?
- The highest reported compensation on International City Management Association Retirement Corporation's latest Form 990 is $2,056,882, paid to Deanna Santana Until 90324 (Acting President, Ceo, Director).
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Data for International City Management Association Retirement Corporation (EIN 23-7268394) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.