INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION

EIN 23-7268394 · Pension & Retirement Funds (Y30)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.26%of revenue went to mission work90.6% of expenses · Program services

$100.68spent for every $100 of revenueSpending was higher than revenue this year.

9.42%of revenue went to management and office costs9.4% of expenses

$2.41in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,969,629 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $2,118,766 for DEANNA SANTANA UNTIL 90324 (ACTING PRESIDENT, CEO, DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$290,077,681

Mission workProgram services$264,735,30591.26% of revenue90.6% of expenses

ManagementOffice and general costs$27,312,0059.42% of revenue9.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$292,047,310100.68% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 100.68% of revenue

2023Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 99.48% of revenue

2022Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 92.80% of revenue

2021Expense mix: 84.9% mission · 15.1% management · 0.0% fundraisingTotal expenses: 85.46% of revenue

2020Expense mix: 85.9% mission · 14.1% management · 0.0% fundraisingTotal expenses: 88.98% of revenue

2019Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 104.22% of revenue

2018Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 103.37% of revenue

2017Expense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 102.98% of revenue

Money in and money out

Revenue$290,077,681

Expenses$292,047,310

Annual shortfall $1,969,629 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$264,735,305 · 90.6% of expenses

Management and office costs$27,312,005 · 9.4% of expenses

See all reported dollar amounts

Revenue$290,077,681

Expenses$292,047,310

Assets$704,297,533

Income$373,132,877

Mission work (program services)$264,735,305

Grants given$24,916,389

Average grant$1,311,389

Management and general$27,312,005

Executive compensation (total)$6,317,216

Stocks and bonds$155,492,778

Accounting fees$757,066

Investing fees$42,628

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DEANNA SANTANA UNTIL 90324ACTING PRESIDENT, CEO, DIRECTOR · 40 hrs/week $2,118,766Base $2,056,882 · Other $61,884

WAYNE WICKER UNTIL 40524SVP, CHIEF INVESTMENT OFFICER · 40 hrs/week $1,617,688Base $1,546,791 · Other $70,897

KAREN CHONG-WULFFMVP, FIXED INCOME INVESTMENTS · 40 hrs/week $1,358,560Base $1,199,321 · Other $159,239

ANDREW WHITINGSVP, CHIEF REVENUE OFFICER · 40 hrs/week $1,323,956Base $1,186,712 · Other $137,244

ANGELA MONTEZSECRETARY, CLO · 40 hrs/week $1,162,580Base $1,111,124 · Other $51,456

DAI SHITREASURER, CFO · 40 hrs/week $1,100,784Base $846,037 · Other $254,747

ANDRE ROBINSON AS OF 90324PRESIDENT, CEO, DIRECTOR · 40 hrs/week $989,532Base $972,104 · Other $17,428

AIMEI ZHONG UNTIL 102924MVP, EQUITY INVESTMENTS · 40 hrs/week $975,454Base $946,969 · Other $28,485

VENKATAKRISHNAN BALAKRISHNANMVP, ASSET ALLOCATION INVESTMENTS · 40 hrs/week $918,526Base $846,381 · Other $72,145

THOMAS MCANDREWS AS OF 90324ASSISTANT SECRETARY · 40 hrs/week $582,846Base $506,677 · Other $76,169

ERICA MCFARQUHAR AS OF 90324ASSISTANT SECRETARY · 40 hrs/week $557,074Base $495,959 · Other $61,115

CHRISTOPHER GRAVESASSISTANT TREASURER · 40 hrs/week $221,854Base $204,046 · Other $17,808

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

DEANNA SANTANA UNTIL 90324ACTING PRESIDENT, CEO, DIRECTOR

WAYNE WICKER UNTIL 40524SVP, CHIEF INVESTMENT OFFICER

KAREN CHONG-WULFFMVP, FIXED INCOME INVESTMENTS

ANDREW WHITINGSVP, CHIEF REVENUE OFFICER

ANGELA MONTEZSECRETARY, CLO

DAI SHITREASURER, CFO

ANDRE ROBINSON AS OF 90324PRESIDENT, CEO, DIRECTOR

AIMEI ZHONG UNTIL 102924MVP, EQUITY INVESTMENTS

VENKATAKRISHNAN BALAKRISHNANMVP, ASSET ALLOCATION INVESTMENTS

THOMAS MCANDREWS AS OF 90324ASSISTANT SECRETARY

ERICA MCFARQUHAR AS OF 90324ASSISTANT SECRETARY

CHRISTOPHER GRAVESASSISTANT TREASURER

MARC OTTDIRECTOR

ROBERT JONES UNTIL 90324DIRECTOR

JOSEPH COYNEDIRECTOR

TROY BROWNDIRECTOR

OPAL MAULDIN-JONESDIRECTOR

CYNTHIA STEERDIRECTOR

BRIAN CLARKEDIRECTOR

MONA MIYASATODIRECTOR

About this charity

Recognized since: January 1973
Location: 777 N CAPITOL ST NE STE 600, WASHINGTON, DC 20002-4290
County: District of Columbia
In care of: % RICHARD WHITTY
Primary officer: ANDRE ROBINSON, PRESIDENT

How to reach them

Phone(202) 962-4600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Pension & Retirement Funds (Y30)
IRS tax category: Pension & Retirement Funds
Grant-giving organization: Yes