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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The International City Management Association Retirement Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a high score of 96 in this category, the organization demonstrates transparency and responsible financial management, which is crucial for donor trust and support.
Strengths of the organization include a fully independent board of directors, which ensures unbiased oversight and governance. Additionally, there are robust policies in place regarding conflicts of interest and whistleblower protections, indicating a strong ethical framework. The organization maintains a healthy liabilities to assets ratio and allocates a significant majority of its expenses to programs, showcasing effective use of resources towards its mission.
While the data highlights significant strengths, there are no noted limitations in terms of performance or governance, suggesting that the organization is well-managed and operates with integrity. This positive rating positions the International City Management Association Retirement Corporation as a reliable choice for potential donors and supporters looking for transparency and effectiveness in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,598,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,478,417
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 As Of 42523 is the CEO of International City Management Association Retirement Corporation The CEO's salary of International City Management Association Retirement Corporation is $686,479 and their total compensation is $717,834.
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 2023 was $268,974,871.
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 2023 was $154,055. There are 734 employees at International City Management Association Retirement Corporation.
Here are 17 key members and their salaries (International City Management Association Retirement Corporation's CEO's salary is $686,479 and their total compensation is $717,834):
- Compensation: $766
- Related: $575,491
- Other: $52,456
- Compensation: $6,845
- Related: $0
- Other: $0
- Compensation: $4,128
- Related: $0
- Other: $0
- Compensation: $2,616
- Related: $0
- Other: $0
- Compensation: $1,437
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $686,479
- Related: $0
- Other: $31,355
- Compensation: $1,225,394
- Related: $0
- Other: $914,675
- Compensation: $640,306
- Related: $0
- Other: $305,976
- Compensation: $451,263
- Related: $0
- Other: $45,459
- Compensation: $272,127
- Related: $0
- Other: $9,350
- Compensation: $1,871,738
- Related: $0
- Other: $71,214
- Compensation: $1,041,852
- Related: $0
- Other: $191,995
- Compensation: $700,006
- Related: $0
- Other: $215,530
- Compensation: $734,145
- Related: $0
- Other: $139,672
- Compensation: $766,358
- Related: $0
- Other: $68,581
Official website here: www.missionsq.org
Where can I find the form 990 for International City Management Association Retirement Corporation?
International City Management Association Retirement Corporation's most recent form 990 was submitted in 2023 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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The International City Management Association Retirement Corporation plays a vital role in enhancing the financial stability of state and local governments by providing essential services related to retirement planning and administration. By assisting these entities in establishing and managing qualified deferred compensation and retirement plans, the Corporation addresses a critical need for effective retirement solutions in the public sector.
Through its comprehensive plan administration, asset management, and retirement education services, the Corporation serves a substantial number of employers—4,708 state and local government employers, in fact. This translates into extensive support for 9,284 retirement plans, which together encompass 1,755,094 public sector employee retirement accounts. This significant outreach not only aids in the financial security of public sector employees but also alleviates the administrative burdens on governments that may otherwise struggle to offer viable retirement options.
By offering broad-based financial and retirement planning support, as well as investment education, the Corporation fosters an environment where public employees can effectively prepare for their future. This initiative is particularly impactful for governments with limited or no alternative retirement plan administration options, thus helping to create a more equitable system for public sector employees across various jurisdictions.
Ultimately, the Corporation's efforts contribute to a stronger, more secure retirement landscape for public sector employees, reinforcing the commitment to their future well-being while simultaneously supporting governmental entities in achieving their financial management objectives.
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.
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: $18,183,393
- Program Service Revenue: $248,794,425
- Gross Receipts: $326,994,931
Assets and Liabilities:
- Total Assets: $643,097,063
- Total Liabilities: $112,166,000
- Net Assets: $530,931,063
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN ADMIN/ASSET MGMT
Revenue
$223,904,010
OTHER ACCOUNT ADMIN
Revenue
$24,890,415
Organization Details
Founding Year
1972
Principal Officer
Deanna Santana
Website
www.missionsq.orgNTEE Category
Code: Y30 - Mutual benefit
If you are a representative of International City Management Association Retirement Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.