Overview
What is Investment Company Institute?
The Investment Company Institute (ICI) is a nonprofit organization based in Washington, D.C. With a team of 179 employees, ICI advocates for the interests of investment companies, their stakeholders, and investment advisors by engaging in effective legislative and regulatory efforts. ICI represents the asset management industry and its members, primarily mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITS) from the United States, as well as similar funds offered to investors in Europe, Asia, and other jurisdictions. Their primary objective is to fortify the foundation of the investment industry, ultimately benefiting the long-term individual investor. ICI engages with various regulatory bodies, including Congress, the Securities and Exchange Commission (SEC), and other state and foreign regulators, to secure favorable public policies for the investment community.
Official website here: www.ici.org
What are the reviews and ratings of this charity?
The Investment Company Institute (ICI) is not currently rated by Charity Navigator. This lack of rating does not imply any positive or negative stance but indicates the organization has yet to be evaluated under the necessary beacons, such as Accountability & Finance or Impact & Measurement. Charity Navigator only assesses 501(c)(3) nonprofits, and ICI does not fall under this category, which affects the availability of typical assessment data.
While historical data was considered, past evaluations mainly focused on financial accountability aspects without incorporating Leadership, Adaptability, Culture, or Community impact. The absence of current total revenue, expenses, and salary data for key persons further limits insights into ICI's operational transparency.
As ICI is not a 501(c)(3) charitable organization, it cannot receive tax-deductible contributions, affecting its eligibility for a full rating. The organization operates independently, not affiliated with any larger network, which may influence its strategies and operations distinctly from its counterparts in the nonprofit sector. No user reviews are available from GreatNonprofits to provide additional perspectives.
This AI summary has been generated from information found on Charity Navigator.
Is Investment Company Institute legitimate?
Investment Company Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Investment Company Institute 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,096,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,203,495
For more financial information, click here
Official website here: www.ici.org
What is the mission statement of Investment Company Institute?
The Investment Company Institute (ICI) is a mission-driven organization dedicated to fortifying the foundation of the asset management industry for the advantage of long-term individual investors. Members encompass mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITS) in the United States, as well as similar funds for investors in Europe, Asia, and other jurisdictions. ICI advocates for the interests of investment companies, their shareholders, directors, and investment advisers by supporting effective legislation and regulation. To secure these public policy objectives, ICI speaks on behalf of the fund industry and its shareholders before Congress, the Securities and Exchange Commission (SEC), and other regulatory agencies, as well as state and foreign regulators.
Official website here: www.ici.org
Who is the CEO of Investment Company Institute?
Eric J Pan is the CEO of Investment Company Institute The CEO's salary of Investment Company Institute is $2,488,080 and their total compensation is $2,558,196.
Official website here: www.ici.org
What is the revenue of Investment Company Institute?
Investment Company Institute's revenue in 2023 was $84,136,163.
Official website here: www.ici.org
Who are the executives of Investment Company Institute and what are their salaries?
The average compensation at Investment Company Institute during 2023 was $190,307. There are 196 employees and 57 volunteers at Investment Company Institute.
Here are 68 key members and their salaries (Investment Company Institute's CEO's salary is $2,488,080 and their total compensation is $2,558,196):
- Compensation: $2,488,080
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- Other: $70,116
- Compensation: $1,041,713
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- Other: $60,230
- Compensation: $951,244
- Related: $0
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- Compensation: $680,176
- Related: $0
- Other: $66,754
- Compensation: $618,643
- Related: $0
- Other: $66,499
- Compensation: $611,250
- Related: $0
- Other: $70,015
- Compensation: $592,037
- Related: $0
- Other: $70,416
- Compensation: $561,843
- Related: $0
- Other: $62,960
- Compensation: $562,220
- Related: $0
- Other: $36,600
- Compensation: $407,552
- Related: $0
- Other: $70,015
- Compensation: $376,819
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- Other: $70,116
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Official website here: www.ici.org
Where can I find the form 990 for Investment Company Institute?
Investment Company Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ici.org
Learn more at the official website: www.ici.org
Mission Statement of Investment Company Institute
The Investment Company Institute (ICI) is a mission-driven organization dedicated to fortifying the foundation of the asset management industry. With a membership base comprised of mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITS) in the United States, as well as similar funds offered to investors worldwide, ICI represents the interests of these investment companies, their shareholders, directors, and investment advisers.
ICI advocates for effective legislation and regulation to safeguard the public policy objectives of the fund industry and its stakeholders. In pursuit of this goal, the organization engages in diplomatic dialogue with various regulatory bodies, including Congress, the Securities and Exchange Commission (SEC), and other domestic and international regulatory agencies. ICI's unwavering commitment to public policy extends beyond the United States, as it advocates on behalf of the global investment community to ensure a stable and thriving financial landscape for the ultimate benefit of long-term individual investors.
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Impact
October, 2024
The Investment Company Institute (ICI) plays a crucial role in advancing the interests of investment companies and their stakeholders, including shareholders, directors, and investment advisers. By actively advocating for effective legislation and regulation, ICI seeks to shape public policy that aligns with the needs of the fund industry and its investors. This involves representation before key entities such as Congress, the Securities and Exchange Commission, and various regulatory agencies at both the state and international levels.
Through its efforts, ICI aims to strengthen the asset management industry, ultimately benefiting long-term individual investors. This is accomplished by supporting mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) across the United States and in other global markets. By promoting effective policy outcomes and addressing relevant public issues, ICI plays a fundamental role in fostering a stable and efficient environment for investment companies and their clients.
This information is meant to be a general summary of Investment Company Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,217,738
- Program Service Revenue: $6,232,848
- Gross Receipts: $110,377,133
Assets and Liabilities:
- Total Assets: $132,491,163
- Total Liabilities: $77,350,348
- Net Assets: $55,140,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE & WORKSHOPS
Revenue
$4,968,273
SUBSCRIPTION SERVICES
Revenue
$886,457
FEE BASED BUSINESS INCOME
Revenue
$378,118
Organization Details
Founding Year
1941
Principal Officer
Eric Pan
Website
www.ici.orgNTEE Category
Code: S41 - Community improvement
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