Overview

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Est.

1972

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The International City Management Association Retirement Corporation (EIN: 23-7268394) is dedicated to alleviating the financial burdens faced by state and local governments by assisting them in establishing and administering qualified deferred compensation and retirement plans. With an operating budget of $292 million and total revenue of $290.1 million for the filing year 2024, the organization provides extensive retirement plan administration and asset management services, making its offerings available to municipal government employers, particularly those with limited retirement options. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse financial base. For more information, visit www.icmarc.org.

Mission Statement

TO LESSEN THE BURDENS OF STATE AND LOCAL GOVERNMENTS... (CON'T ON SCHEDULE O, GENERAL STATEMENT 1) GENERAL STATEMENT 1TO LESSEN THE BURDENS OF STATE AND LOCAL GOVERNMENTS AND THEIR AGENCIES AND INSTRUMENTALITIES BY ASSISTING THEM TO ESTABLISH AND ADMINISTER QUALIFIED DEFERRED COMPENSATION AND OTHER RETIREMENT PLANS, AND BY PROVIDING THEM WITH EXTENSIVE 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 PUBLIC TRUST INVESTMENT OPTIONS AVAILABLE TO THEM.
Revenues
$290.1M
Expenses
$292M
Net Income:
-$2M
Assets
$704.3M
Liabilities
$109.8M
Net Assets:
+$594.5M
Operating Budget
$292M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$795K
Largest grant received
$795K
D
Deanna Santana Until 90324
Board Member
A
Andre Robinson as of 90324
Board Member
T
THOMAS McAndrews AS OF 90324
Board Member

Frequently Asked Questions

What is INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION’s budget?
In 2024, INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION reported an annual operating budget of around $292 million. More detailed financial information is available to registered users.
What causes does INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION support?
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION supports work in Pensions.
Where does INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION operate?
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION is headquartered in Washington, DC.
Who funded INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION recently?
In 2020, INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION received grants from THE CENTER FOR STATE AND LOCAL GOVERNMENT EXCELLENCE INC. More information on this organization’s funders is available to registered users.
What is the largest grant INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION received in 2020?
The largest grant to INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION in 2020 exceeds $795 thousand.