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Nonprofiteer
← INVESTMENT COMPANY INSTITUTE

Form 990 for tax year 2023

Filed by INVESTMENT COMPANY INSTITUTE.

Totals

Total revenue
$83,174,498
Total expenses
$84,194,621
Contributions and grants received
$69,015,360
Grants paid
$180,000
Program service revenue
$7,313,868
Investment income
$5,426,583
Other revenue
$1,418,687
Total assets, end of year
$146,403,728
Total liabilities, end of year
$85,192,580
Net assets or fund balances, end of year
$61,211,148
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • ERIC J PAN

    PRESIDENT & CEO

    Total calculated
    $3,206,785
    From this org
    $3,128,037
    From related orgs
    $0
    Other
    $78,748
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,473,341
    Bonus
    $1,630,720
    Other
    $23,976
    Deferred
    $39,600
    Nontaxable benefits
    $39,148
    Filer's total
    $3,206,785

  • SUSAN M OLSON

    GENERAL COUNSEL THRU 06/24

    Total calculated
    $1,153,772
    From this org
    $1,086,498
    From related orgs
    $0
    Other
    $67,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $769,892
    Bonus
    $304,000
    Other
    $12,606
    Deferred
    $39,600
    Nontaxable benefits
    $27,674
    Filer's total
    $1,153,772

  • DONALD C AUERBACH

    CHIEF OPERATING OFFICER

    Total calculated
    $1,046,401
    From this org
    $980,941
    From related orgs
    $0
    Other
    $65,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $686,244
    Bonus
    $270,000
    Other
    $24,697
    Deferred
    $39,600
    Nontaxable benefits
    $25,860
    Filer's total
    $1,046,401

  • MICHAEL N PEDRONI

    CHIEF GLOBAL AFFAIRS OFFICER

    Total calculated
    $899,119
    From this org
    $820,371
    From related orgs
    $0
    Other
    $78,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $629,737
    Bonus
    $167,000
    Other
    $23,634
    Deferred
    $39,600
    Nontaxable benefits
    $39,148
    Filer's total
    $899,119

  • JOHN G EMLING

    CHIEF GOVT. AFFAIRS OFFICER

    Total calculated
    $819,877
    From this org
    $744,402
    From related orgs
    $0
    Other
    $75,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,897
    Bonus
    $141,000
    Other
    $23,505
    Deferred
    $39,600
    Nontaxable benefits
    $35,875
    Filer's total
    $819,877

  • SEAN S COLLINS

    CHIEF ECONOMIST

    Total calculated
    $725,922
    From this org
    $650,587
    From related orgs
    $0
    Other
    $75,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,321
    Bonus
    $185,000
    Other
    $15,266
    Deferred
    $39,600
    Nontaxable benefits
    $35,735
    Filer's total
    $725,922

  • DOROTHY M DONOHUE

    DEPUTY GENERAL COUNSEL

    Total calculated
    $711,058
    From this org
    $633,358
    From related orgs
    $0
    Other
    $77,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,802
    Bonus
    $140,000
    Other
    $11,556
    Deferred
    $39,600
    Nontaxable benefits
    $38,100
    Filer's total
    $711,058

  • SARAH A BESSIN

    DEPUTY GENERAL COUNSEL

    Total calculated
    $682,347
    From this org
    $616,902
    From related orgs
    $0
    Other
    $65,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $436,433
    Bonus
    $176,000
    Other
    $4,469
    Deferred
    $39,600
    Nontaxable benefits
    $25,845
    Filer's total
    $682,347

  • ERICA E RICHARDSON

    CHIEF STRATEGIC COMM. OFFICER

    Total calculated
    $681,195
    From this org
    $614,091
    From related orgs
    $0
    Other
    $67,104
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,497
    Bonus
    $173,000
    Other
    $19,594
    Deferred
    $39,600
    Nontaxable benefits
    $27,504
    Filer's total
    $681,195

  • RACHEL H GRAHAM

    SECRETARY

    Total calculated
    $579,589
    From this org
    $500,841
    From related orgs
    $0
    Other
    $78,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $404,244
    Bonus
    $90,000
    Other
    $6,597
    Deferred
    $39,600
    Nontaxable benefits
    $39,148
    Filer's total
    $579,589

  • MARK A DELCOCO

    CFO/TREASURER

    Total calculated
    $476,524
    From this org
    $397,776
    From related orgs
    $0
    Other
    $78,748
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $321,988
    Bonus
    $67,000
    Other
    $8,788
    Deferred
    $39,600
    Nontaxable benefits
    $39,148
    Filer's total
    $476,524

  • GEORGE H WALKER

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • YIE-HSIN HUNG

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • OMAR AGUILAR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW G ARNOTT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEORGE AYLWARD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN T BARR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SETH P BERNSTEIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAMAL BHATIA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE G BRAMING

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HEATHER E BRILLIANT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MORTIMER J BUCKLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAMELA CARLTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANE K CARTEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GALE K CARUSO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES E DAVEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID DIPETRILLO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM EBSWORTH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL GAMBA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEORGE C W GATCH

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • CAROL GEREMIA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER J GERMAIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID L GIUNTA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANA HERRMANN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN HICKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELLODY HOBSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA HOSTETLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BEN HUNEKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NAIM ABOU-JAOUDE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREGORY E JOHNSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAMES L JOHNSON JR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LISA M JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOANNA F JONSSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THOMAS C KERSTING

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHYRN KOCH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHAWN K LYTLE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MEHDI MAHMUD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES MCNAMARA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL A MENDELSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK D NERUD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE L NEWELL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID OESTREICHER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEVEN J PAGGIOLI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STUART S PARKER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA R PLOUCHE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KARLA RABUSCH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISTI L ROWSELL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW R SCHLOSSBERG

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS B SIEG

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KRISTI SLAVIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTIN SMALL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIJN P SMIT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER G STRELOW

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM W STRICKLAND JR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH SULLIVAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARY TENKMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN S THOMAS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARRETT THORNBURG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RONALD E TOUPIN JR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM F TRUSCOTT

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAWN VROEGOP

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • PAUL CELLUPICA

    GENERAL COUNSEL AS OF 06/24

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, LINE 1A:
PERSONAL SERVICES: THE ONLY PERSONAL SERVICE THAT IS PROVIDED IS FINANCIAL PLANNING TO ERIC J. PAN, DONALD C. AUERBACH, MICHAEL N. PEDRONI, JOHN G. EMLING, AND ERICA E. RICHARDSON. THIS AMOUNT IS INCLUDED IN TAXABLE INCOME.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202512269349301526

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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