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Nonprofiteer
← INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION

Form 990 for tax year 2024

Filed by INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION.

Totals

Total revenue
$290,077,681
Total expenses
$292,047,310
Contributions and grants received
$0
Grants paid
$12,849
Program services expenses (Part IX)
$264,735,305
Management and general expenses
$27,312,005
Fundraising expenses
$0
Program service expenses (Part III)
$264,735,305

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDRE ROBINSON AS OF 90324

    PRESIDENT, CEO, DIRECTOR

    Total calculated
    $989,532
    From this org
    $972,104
    From related orgs
    $0
    Other
    $17,428
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $250,034
    Bonus
    $721,475
    Other
    $595
    Deferred
    $2,532
    Nontaxable benefits
    $14,896
    Filer's total
    $989,532

  • DEANNA SANTANA UNTIL 90324

    ACTING PRESIDENT, CEO, DIRECTOR

    Total calculated
    $2,118,766
    From this org
    $2,056,882
    From related orgs
    $0
    Other
    $61,884
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $717,855
    Bonus
    $1,050,000
    Other
    $289,027
    Deferred
    $24,150
    Nontaxable benefits
    $37,734
    Filer's total
    $2,118,766

  • BRIAN CLARKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA STEER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH COYNE

    DIRECTOR

    Total calculated
    $4,990
    From this org
    $4,990
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MARC OTT

    DIRECTOR

    Total calculated
    $604,158
    From this org
    $858
    From related orgs
    $547,600
    Other
    $55,700
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $858 + $501,266 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $26,334 related
    Deferred
    $0 + $39,380 related
    Nontaxable benefits
    $0 + $16,320 related
    Filer's total
    $858 + $603,300 related

  • MONA MIYASATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Opal Mauldin-Jones

    DIRECTOR

    Total calculated
    $1,921
    From this org
    $1,921
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ROBERT JONES UNTIL 90324

    DIRECTOR

    Total calculated
    $5,231
    From this org
    $5,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • TROY BROWN

    Director

    Total calculated
    $4,365
    From this org
    $4,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ANGELA MONTEZ

    SECRETARY, CLO

    Total calculated
    $1,162,580
    From this org
    $1,111,124
    From related orgs
    $0
    Other
    $51,456
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $449,647
    Bonus
    $415,800
    Other
    $245,677
    Deferred
    $47,150
    Nontaxable benefits
    $4,306
    Filer's total
    $1,162,580

  • CHRISTOPHER GRAVES

    ASSISTANT TREASURER

    Total calculated
    $221,854
    From this org
    $204,046
    From related orgs
    $0
    Other
    $17,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,379
    Bonus
    $15,417
    Other
    $250
    Deferred
    $14,266
    Nontaxable benefits
    $3,542
    Filer's total
    $221,854

  • Dai Shi

    Treasurer, CFO

    Total calculated
    $1,100,784
    From this org
    $846,037
    From related orgs
    $0
    Other
    $254,747
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $369,825
    Bonus
    $475,320
    Other
    $892
    Deferred
    $241,348
    Nontaxable benefits
    $13,399
    Filer's total
    $1,100,784

  • ERICA McFARQUHAR AS OF 90324

    ASSISTANT SECRETARY

    Total calculated
    $557,074
    From this org
    $495,959
    From related orgs
    $0
    Other
    $61,115
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $243,244
    Bonus
    $247,817
    Other
    $4,898
    Deferred
    $24,150
    Nontaxable benefits
    $36,965
    Filer's total
    $557,074

  • THOMAS McANDREWS AS OF 90324

    ASSISTANT SECRETARY

    Total calculated
    $582,846
    From this org
    $506,677
    From related orgs
    $0
    Other
    $76,169
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $340,053
    Bonus
    $165,076
    Other
    $1,548
    Deferred
    $24,150
    Nontaxable benefits
    $52,019
    Filer's total
    $582,846

  • AIMEI ZHONG UNTIL 102924

    MVP, Equity INVESTMENTS

    Total calculated
    $975,454
    From this org
    $946,969
    From related orgs
    $0
    Other
    $28,485
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,448
    Bonus
    $645,145
    Other
    $3,376
    Deferred
    $24,150
    Nontaxable benefits
    $4,335
    Filer's total
    $975,454

  • Andrew Whiting

    SVP, CHIEF REVENUE OFFICER

    Total calculated
    $1,323,956
    From this org
    $1,186,712
    From related orgs
    $0
    Other
    $137,244
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,846
    Bonus
    $850,384
    Other
    $6,482
    Deferred
    $89,708
    Nontaxable benefits
    $47,536
    Filer's total
    $1,323,956

  • KAREN CHONG-WULFF

    MVP, Fixed Income Investments

    Total calculated
    $1,358,560
    From this org
    $1,199,321
    From related orgs
    $0
    Other
    $159,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $408,642
    Bonus
    $787,760
    Other
    $2,919
    Deferred
    $123,030
    Nontaxable benefits
    $36,209
    Filer's total
    $1,358,560

  • Venkatakrishnan Balakrishnan

    MVP, Asset Allocation Investments

    Total calculated
    $918,526
    From this org
    $846,381
    From related orgs
    $0
    Other
    $72,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $846,381
    Bonus
    $0
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $47,995
    Filer's total
    $918,526

  • WAYNE WICKER UNTIL 40524

    SVP, Chief Investment Officer

    Total calculated
    $1,617,688
    From this org
    $1,546,791
    From related orgs
    $0
    Other
    $70,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,880
    Bonus
    $1,191,859
    Other
    $145,052
    Deferred
    $54,650
    Nontaxable benefits
    $16,247
    Filer's total
    $1,617,688

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 — 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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
FIRST CLASS TRAVEL: THE CORPORATION'S BOARD APPROVED TRAVEL GUIDELINES THAT PROVIDE DIRECTORS WITH THE OPTION OF FIRST CLASS TRAVEL WHEN IT INVOLVES EXTENUATING CIRCUMSTANCES, SUCH AS EXTENDED FLIGHT TIMES AND LATE NIGHT ARRIVALS WHILE ATTENDING BOARD MEETINGS.
Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS: IN CONSIDERATION OF PERSONAL AND FAMILY OBLIGATIONS, THE CORPORATION'S BOARD APPROVED TRAVEL GUIDELINES PERMIT ASSISTANCE TO DEFRAY TRAVEL COSTS OF FAMILY MEMBERS OR COMPANIONS WHO MAY ACCOMPANY DIRECTORS TO BOARD MEETINGS. ALTHOUGH DIRECTORS ARE NOT PAID FEES FOR THEIR SERVICES, THEY DO RECOGNIZE TAXABLE INCOME IN THE AMOUNT OF ANY SUCH TRAVEL ASSISTANCE. TAX INDEMNIFICATION AND GROSS UP PAYMENTS: THE CORPORATION'S ACTING CEO RECEIVED TRAVEL AND GROSS UP PAYMENTS CONNECTED WITH THE INTERIM APPOINTMENT TO THIS POSITION, ALL OF WHICH WERE TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CORPORATION'S BOARD APPROVES ALL AMOUNTS OF EXECUTIVE COMPENSATION AND RELIES ON MARKET DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THEIR REASONABLENESS AS PART OF THE EXECUTIVES' OVERALL COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: IN 2000, THE BOARD OF DIRECTORS ADOPTED A SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN FOR CERTAIN SENIOR EXECUTIVES (2000 PLAN). A SECOND SUCH PLAN WAS ADOPTED BY THE BOARD OF DIRECTORS, EFFECTIVE AS OF 2010 (2010 PLAN). THE BOARD REVIEWED COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT BEFORE APPROVING THESE PLANS AS PART OF AN OVERALL PROGRAM OF REASONABLE COMPENSATION. THEREAFTER, THE BOARD HAS ALSO PERIODICALLY REVIEWED COMPARABILITY DATA THROUGH 2024, AS THE RIGHTS OF PARTICIPANTS RESPECTIVELY ACCRUED OR VESTED UNDER THESE PLANS. AFTER EACH REVIEW, THE BOARD DETERMINED THAT THE AMOUNTS ACCRUED OR PAID UNDER THE PLANS WERE REASONABLE AS PART OF EACH INDIVIDUAL PARTICIPANT'S OVERALL COMPENSATION, AND NO PLAN PARTICIPANTS TOOK PART IN THE BOARD'S DELIBERATIONS OR DECISIONS RELATING TO A PLAN IN WHICH THEY WERE PARTICIPATING. DURING 2024, SENIOR VICE PRESIDENT WAYNE WICKER MET ALL SERVICE AND AGE REQUIREMENTS AND VESTED UNDER THE 2000 PLAN. THE COMPENSATION TOTAL REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN B (III) INCLUDES $4,720 REPRESENTING A VESTED CREDIT TOWARDS RETIREMENT PAYMENT UNDER THIS PLAN. THE CORPORATION REPORTED THIS AMOUNT AS TAXABLE INCOME TO THIS PARTICIPANT IN 2024 PURSUANT TO THE REQUIREMENTS OF SECTIONS 61 AND 457(F) OF THE INTERNAL REVENUE CODE. THIS PARTICIPANT ALSO RETIRED AND SEPARATED FROM EMPLOYMENT IN 2024, AND THEREUPON RECEIVED A ONE-TIME LUMP-SUM DISTRIBUTION OF $2,118,924 REPRESENTING ALL RETIREMENT BENEFITS DUE TO HIM UNDER THE PLAN. WITH RESPECT TO THE 2010 PLAN, CERTAIN OTHER SENIOR EXECUTIVES WERE ELIGIBLE AND APPROVED PLAN PARTICIPANTS DURING 2024 AND ARE LISTED IN FORM 990, PART VII, AND SCHEDULE J. THESE INDIVIDUALS EARNED VESTED AND UNVESTED CREDIT TOWARDS RETIREMENT BENEFITS UNDER THE 2010 PLAN, AND THE AMOUNTS REPORTED INCLUDE ANNUAL CREDITS TOWARDS FUTURE RETIREMENT BENEFITS THAT MAY BECOME PAYABLE UNDER THE PLAN. DURING 2024, THIS GROUP INCLUDED THE FOLLOWING INDIVIDUALS: DEANNA SANTANA, DAI SHI, ANDREW WHITING AND ANGELA MONTEZ.
Schedule J, Part I, Line 7 Non-fixed payments
NON FIXED PAYMENTS: SHORT-TERM, FUNCTIONAL, AND LONG TERM INCENTIVE COMPENSATION PROGRAMS ARE OFFERED FOR CERTAIN EXECUTIVES OF THE CORPORATION. THESE PLANS ARE ESTABLISHED BY THE CORPORATION'S BOARD BASED ON THE RECOMMENDATIONS OF THE FINANCE AND ADMINISTRATION COMMITTEE OF THE BOARD. THE PROGRAMS HAVE SPECIFIC GOALS AND OBJECTIVES THAT ARE APPROVED IN ADVANCE BY THE BOARD, AND IN THE BOARD'S DISCRETION, PARTICIPANTS MAY BE AWARDED COMPENSATORY AMOUNTS BASED ON PERFORMANCE IN ACCORDANCE WITH SUCH GOALS AND OBJECTIVES. THE CORPORATION'S BOARD APPROVES ALL AMOUNTS UNDER THESE PROGRAMS AND RELIES ON MARKET DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THEIR REASONABLENESS AS PART OF THE PARTICIPANTS' OVERALL COMPENSATION. ALL ELIGIBLE EXECUTIVES OF THE CORPORATION LISTED ON FORM 990, SCHEDULE J, PART II EARNED AND RECEIVED A FORM OF SUCH PAYMENTS DURING THE FIRST QUARTER OF 2024.

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

  • MIRIAM'S KITCHEN

    $12,849

    HELP INDIVIDUALS OBTAIN HOUSING AND OTHER CRITICAL RESOURCES NEEDED TO END CHRONIC HOMELESSNESS.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349305858

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