Home › Mutual & membership benefit
International City Management Association Retirement Corporation
Also known as MissionSquare
International City Management Association Retirement Corporation reported $290.1 million in revenue and $292.0 million in expenses for calendar year 2024. Of every $100 it spent, $90.65 went to program services, $9.35 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.7% of the total. The highest compensation it reported for one person was $2,118,766 (ACTING PRESIDENT, CEO, DIRECTOR). 530 people received more than $100,000 in reportable compensation. Revenue rose 19% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $292MFor context, the median across 41 covered mutual & membership benefit charities: $96.16 programs, $3.84 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $290MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.6% | 95.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.4% | 3.8% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | — |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 0.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.7% | 79.8% |
| Highest reported compensation Part VII-A, columns D–F | $2,118,766 | $654,166 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.73% | 1.64% |
| People paid over $100,000 Part VII, line 2 | 530 | 0 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 24.4 | 22.6 |
| Independent voting board members Part VI 1a–1b | 6 of 8 | 92.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe corporation provided plan administration, asset management, and retirement education and planning services to 4,755 state and local government employers, sponsoring 9,153 retirement plans covering 1,836,710 individual municipal employee retirement accounts
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ACTING PRESIDENT, CEO, DIRECTOR Director/trustee, officer, 40.0 hrs/week | $2,056,882 | $0 | $61,884 | $2,118,766 |
| SVP, Chief Investment Officer Highest compensated employee, 40.0 hrs/week | $1,546,791 | $0 | $70,897 | $1,617,688 |
| MVP, Fixed Income Investments Highest compensated employee, 40.0 hrs/week | $1,199,321 | $0 | $159,239 | $1,358,560 |
| SVP, CHIEF REVENUE OFFICER Highest compensated employee, 40.0 hrs/week | $1,186,712 | $0 | $137,244 | $1,323,956 |
| SECRETARY, CLO Officer, 40.0 hrs/week | $1,111,124 | $0 | $51,456 | $1,162,580 |
| Treasurer, CFO Officer, 40.0 hrs/week | $846,037 | $0 | $254,747 | $1,100,784 |
| PRESIDENT, CEO, DIRECTOR Director/trustee, officer, 40.0 hrs/week | $972,104 | $0 | $17,428 | $989,532 |
| MVP, Equity INVESTMENTS Highest compensated employee, 40.0 hrs/week | $946,969 | $0 | $28,485 | $975,454 |
530 people received more than $100,000 in reportable compensation from International City Management Association Retirement Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5725
Correct a figure or respond
Every number above is copied from International City Management Association Retirement Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for International City Management Association Retirement Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 International City Management Association Retirement Corporation spent in 2024, $90.65 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of International City Management Association Retirement Corporation's spending goes to programs?
In calendar year 2024, International City Management Association Retirement Corporation reported that 90.6% of its $292.0 million in expenses went to program services, 9.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does International City Management Association Retirement Corporation pay its top executive?
The largest total compensation International City Management Association Retirement Corporation reported for one person in calendar year 2024 was $2,118,766, for the role of ACTING PRESIDENT, CEO, DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does International City Management Association Retirement Corporation get its money?
Of $290.1 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 90.7% from program service revenue (Form 990, Part VIII).
Is International City Management Association Retirement Corporation a registered charity?
The IRS lists EIN 23-7268394 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349305858 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349307346 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349304251 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349302724 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113159349302816 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023169349302987 · read the filing
All filings for EIN 23-7268394: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.