International City Management Association Retirement Corporation

Missionsquare Retirement

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237268394 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is International City Management Association Retirement Corporation?

The International City Management Association Retirement Corporation, also known as Missionsquare Retirement, is a nonprofit organization based in Washington, D.C. Their mission is to alleviate the burdens of state and local governments and their agencies by administering qualified and deferred compensation retirement plans. The corporation provides retirement administration, asset management, and retirement education services to over 4,700 state and local government employers, covering approximately 1.75 million public sector retirement accounts. Through these offerings, Missionsquare Retirement aims to help public sector employees build retirement security. The organization provides broad-based financial and retirement planning support and related investment education, making its services accessible to municipal government employers with limited options for retirement plan administration or public trust investment choices.


Official website here: www.missionsq.org

Is International City Management Association Retirement Corporation legitimate?

International City Management Association Retirement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. International City Management Association Retirement Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,324,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,072,063

For more financial information, click here


Official website here: www.missionsq.org

What is the mission statement of International City Management Association Retirement Corporation?

The International City Management Association Retirement Corporation serves to alleviate the burdens of state and local governments and their agencies and instrumentalities by administering qualified and deferred compensation retirement plans. By offering retirement plan administration, asset management, and retirement education and planning services, the corporation helps public sector employees build retirement security. The corporation provided these services to 4,708 state and local government employers, sponsoring 9,284 retirement plans covering 1,755,094 public sector employee retirement accounts.


Official website here: www.missionsq.org

Who is the CEO of International City Management Association Retirement Corporation?

Deanna Santana is the Director of International City Management Association Retirement Corporation. The CEO's salary of International City Management Association Retirement Corporation is $1,719,535 and their total compensation is $2,562,194.


Official website here: www.missionsq.org

What is the revenue of International City Management Association Retirement Corporation?

International City Management Association Retirement Corporation's revenue in 2022 was $271,458,710.


Official website here: www.missionsq.org

Who are the executives of International City Management Association Retirement Corporation and what are their salaries?

The average compensation at International City Management Association Retirement Corporation during 2022 was $145,258. There are 760 employees at International City Management Association Retirement Corporation.

Here are 19 key members and their salaries (International City Management Association Retirement Corporation's CEO's salary is $1,719,535 and their total compensation is $2,562,194):

    Lynne Ford (President, Ceo, Director)
  • Compensation: $1,719,535
  • Related: $0
  • Other: $842,659

    • Wayne Wicker (Senior Vice President)
  • Compensation: $2,022,419
  • Related: $0
  • Other: $69,228

    • Karen Chong-Wulff (Managing Vice President)
  • Compensation: $1,533,310
  • Related: $0
  • Other: $55,661

    • Dai Shi (Treasurer, Cfo)
  • Compensation: $922,560
  • Related: $0
  • Other: $328,604

    • Lynne Smith (Senior Vice President)
  • Compensation: $806,552
  • Related: $0
  • Other: $305,790

    • Orlando Cruz (Senior Vice President)
  • Compensation: $841,192
  • Related: $0
  • Other: $259,892

    • Flora Hedrick (Managing Vice President)
  • Compensation: $808,863
  • Related: $0
  • Other: $26,983

    • Marc Ott (Director)
  • Compensation: $0
  • Related: $587,829
  • Other: $53,939

    • Angela Montez Until 042521 (Former General Counsel)
  • Compensation: $464,085
  • Related: $0
  • Other: $33,896

    • Rhonda Mims (Secretary, Clo (Until 04/06/22))
  • Compensation: $326,229
  • Related: $0
  • Other: $21,423

    • Katherine Schulze (Secretary, Clo (As Of 08/08/22))
  • Compensation: $134,825
  • Related: $0
  • Other: $1,906

    • Deanna Santana (Director)
  • Compensation: $8,674
  • Related: $0
  • Other: $0

    • Opal Mauldin-Jones (Director)
  • Compensation: $5,486
  • Related: $0
  • Other: $0

    • Tanisha Briley (Director)
  • Compensation: $5,095
  • Related: $0
  • Other: $0

    • Robert Jones (Director)
  • Compensation: $3,100
  • Related: $0
  • Other: $0

    • Cynthia Steer (Director)
  • Compensation: $2,719
  • Related: $0
  • Other: $0

    • Brian Clarke (Director)
  • Compensation: $1,344
  • Related: $0
  • Other: $0

    • Lee Feldman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denean Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.missionsq.org

    Where can I find the form 990 for International City Management Association Retirement Corporation?

    The International City Management Association Retirement Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.missionsq.org

    Learn more at the official website: www.missionsq.org

    Mission Statement of International City Management Association Retirement Corporation

    The International City Management Association Retirement Corporation, or ICMA-RC, plays a vital role in easing the financial burdens of state and local governments and their agencies and instrumentalities. By offering them assistance in establishing and administering qualified deferred compensation and retirement plans for their employees, ICMA-RC provides essential retirement planning and related investment education support. ICMA-RC's services are accessible to all municipal government employers, many of whom have limited or no other viable retirement plan administration or public trust investment options at their disposal.

    The mission of ICMA-RC is to lessen the burdens of state and local governments and their entities by administering qualified and deferred compensation retirement plans. By doing so, ICMA-RC helps public sector employees build a secure retirement future. In 2021, ICMA-RC served 4,708 state and local government employers, sponsoring 9,284 retirement plans covering 1,755,094 public sector employee retirement accounts. Through their comprehensive services, ICMA-RC empowers governments to provide their employees with valuable retirement benefits and education, ultimately contributing to the financial well-being of those who serve their communities.

    Impact

    This information is meant to be a general summary of International City Management Association Retirement Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The International City Management Association Retirement Corporation's impact lies in lessening the burdens of state and local governments and their agencies by assisting in the establishment and administration of qualified deferred compensation and other retirement plans for their employees. By providing retirement plan administration, asset management services, and retirement education and planning services to a large number of government employers and public sector employees, the corporation plays a crucial role in helping individuals secure their financial future post-retirement. This, in turn, contributes to the overall stability and well-being of the public sector workforce.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $22,086,564
  • Program Service Revenue: $248,893,708
  • Gross Receipts: $469,699,793

    • Assets and Liabilities:
  • Total Assets: $643,097,063
  • Total Liabilities: $112,166,000
  • Net Assets: $530,931,063
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PLAN ADMIN/ASSET MGMT

    Revenue

    $224,277,681

    OTHER ACCOUNT ADMIN

    Revenue

    $24,616,027

    Organization Details

    Founding Year

    1972

    Principal Officer

    Deanna Santana

    Main Address

    777 N CAPITOL ST NE SUITE 600-TA, WASHINGTON, DC, 200024240

    NTEE Category

    Code: Y30 - Mutual benefit

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