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Filing year 2023

INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION

Washington, District of Columbia·EIN 23-7268394·NTEE Y30 · Mutual & Membership Benefit·501(c)(3)
Total revenue
$269M
Total assets
$678M
Total expenses
$267.6M
Reported officers
17
Mission

THE CORPORATION SERVES TO LESSEN THE BURDENS OF STATE AND LOCAL GOVERNMENTS AND THEIR AGENCIES AND INSTRUMENTALITIES BY ADMINISTERING QUALIFIED AND DEFERRED COMPENSATION RETIREMENT PLANS, THEREBY HELPING PUBLIC SECTOR EMPLOYEES BUILD RETIREMENT SECURITY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

President, Ceo, Director
Above 90th percentile
$2.1M
$2.3M
Base
$259k
Bonus
$963k
Other
$3k
Benefits
$12k
Svp, Chief Investment Officer
Senior Vice President
Above 90th percentilevs all sectors nationwide
$1.9M
$2.1M
Base
$456k
Bonus
$1.4M
Other
$8k
Benefits
$48k
Mvp, Fixed Income Investments
Highest Compensated Employee
Above 90th percentile
$1.2M
$1.4M
Base
$403k
Bonus
$636k
Other
$3k
Benefits
$33k
Treasurer, CFO
Above 90th percentile
$946k
$1M
Base
$360k
Bonus
$280k
Other
$865
Benefits
$17k
Senior Vice President
Above 90th percentilevs all sectors nationwide
$916k
$1M
Base
$247k
Bonus
$384k
Other
$70k
Benefits
$46k
Mvp, Alternative Investments
Highest Compensated Employee
Above 90th percentile
$874k
$958k
Base
$315k
Bonus
$418k
Other
$957
Benefits
$3k
Mvp, Asset Alloc'n Investments
Highest Compensated Employee
Above 90th percentile
$835k
$915k
Base
$241k
Bonus
$522k
Other
$3k
Benefits
$45k
Acting President, Ceo, Director
Above 90th percentile
$718k
$787k
Base
$548k
Bonus
$3k
Other
$135k
Benefits
$22k
Secretary, Clo (as of 5/10/23)
Secretary (Operational)
Above 90th percentile
$497k
$545k
Base
$276k
Bonus
Other
$175k
Benefits
$3k
Secretary, Clo (until 4/26/23)
Secretary (Operational)
Above 90th percentile
$281k
$309k
Base
$132k
Bonus
$80k
Other
$60k
Benefits
$2k
Director
Board Member
Median to 75th percentile
$53k
$58k
Base
$766
Bonus
Other
Benefits
Director
Board Member
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$4k
$5k
Director
Board Member
10th to 25th percentile
$3k
$3k
Director
Board Member
10th to 25th percentile
$1k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION equaled 0.8% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2023)
0.8%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.

25th percentile
$5k
Median
$26,876
75th percentile
$87k
90th percentile
$209k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).

See full Mutual & Membership Benefit compensation data
FAQ

Common questions about INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION

What does the Chief Executive Officer of INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION earn?

In 2023, the Chief Executive Officer of INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION received $2,140,069 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Chief Executive Officer at INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION falls in the top 10%. In 2023, the highest total compensation at INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION equaled 0.8% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION's revenue and expenses?

In 2023, INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION reported $269M in total revenue and $267.6M in total expenses on its IRS Form 990.

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