2025-11-14T11:50:38+00:00 2024-12-31 135565207 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2024-01-01 237268394 International City Management Association Retirement Corporation INTE 2029624600 777 N Capitol St NE Ste 600-Tax Washington DC 200024240 ANDRE ROBINSON PRESIDENT 2029624600 2025-11-14 true true AMANDA COON P01754645 7032868000 2025-11-14 2024 2025-03-06 01:10:19Z MissionSquare ANDRE ROBINSON 777 N Capitol St NE Ste 600-Tax Washington DC 200024240 373132877 false X WWW.MISSIONSQ.ORG OR WWW.MISSIONSQUARE.COM X 1972 DE THE CORPORATION SERVES TO LESSEN THE BURDEN OF STATE AND LOCAL GOVERNMENTS AND THEIR INSTRUMENTALITIES BY ASSISTING THEM IN ESTABLISHING AND ADMINISTERING QUALIFIED, DEFERRED COMPENSATION AND OTHER RETIREMENT PLANS, AND BY PROVIDING THEM WITH RETIREMENT PLAN ADMINISTRATION AND ASSET MANAGEMENT SERVICES THAT INCLUDE BROAD-BASED FINANCIAL AND RETIREMENT PLANNING AND RELATED INVESTMENT EDUCATION SUPPORT. THE CORPORATION MAKES ITS SERVICES AVAILABLE TO ALL MUNICIPAL GOVERNMENT EMPLOYERS, INCLUDING MANY THAT HAVE LIMITED OR NO OTHER VIABLE RETIREMENT PLAN ADMINISTRATION OR INVESTMENT TRUST OPTIONS AVAILABLE TO THEM. 8 6 725 0 28838543 0 0 0 248794425 263048988 19092569 25811878 1087877 1216815 268974871 290077681 18500 12849 0 0 140317655 148553925 0 0 0 127227936 143480536 267564091 292047310 1410780 -1969629 677967336 704297533 108868703 109834354 569098633 594463179 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 INDIVIDUAL MUNICIPAL EMPLOYEES BUILD FINANCIAL SECURITY. false false 264735305 12849 263048988 THE CORPORATION PROVIDED PLAN ADMINISTRATION, ASSET MANAGEMENT, AND RETIREMENT EDUCATION AND PLANNING SERVICES TO 4,755 STATE AND LOCAL GOVERNMENT EMPLOYERS, SPONSORING 9,153 RETIREMENT PLANS COVERING 1,836,710 INDIVIDUAL MUNICIPAL EMPLOYEE RETIREMENT ACCOUNTS. 264735305 true false false true false false false false false false true true false false true true false true false false true false false false false false false true false true false false false false false false false false false false false false false false true true true false false false true 176 0 true 725 true true true false false false false false false false false false true false X 8 6 true false false false false true true true true false false false true true true true true true true true false false CA DE GA IN NH NM NC OK X RICHARD WHITTY 2029624600 777 NORTH CAPITOL STREET NE WASHINGTON DC 200024240 ANDRE ROBINSON AS OF 90324 PRESIDENT, CEO, DIRECTOR 40.0 1.0 X X 972104 0 17428 DEANNA SANTANA UNTIL 90324 ACTING PRESIDENT, CEO, DIRECTOR 40.0 1.0 X X 2056882 0 61884 BRIAN CLARKE DIRECTOR 2.0 0.0 X 0 0 0 CYNTHIA STEER DIRECTOR 2.0 0.0 X 0 0 0 JOSEPH COYNE DIRECTOR 2.0 0.0 X 4990 0 0 MARC OTT DIRECTOR 2.0 37.5 X 858 547600 55700 MONA MIYASATO DIRECTOR 2.0 0.0 X 0 0 0 Opal Mauldin-Jones DIRECTOR 2.0 0.0 X 1921 0 0 ROBERT JONES UNTIL 90324 DIRECTOR 2.0 0.0 X 5231 0 0 TROY BROWN Director 2.0 0.0 X 4365 0 0 ANGELA MONTEZ SECRETARY, CLO 40.0 1.0 X 1111124 0 51456 CHRISTOPHER GRAVES ASSISTANT TREASURER 40.0 0.0 X 204046 0 17808 Dai Shi Treasurer, CFO 40.0 1.0 X 846037 0 254747 ERICA McFARQUHAR AS OF 90324 ASSISTANT SECRETARY 40.0 1.0 X 495959 0 61115 THOMAS McANDREWS AS OF 90324 ASSISTANT SECRETARY 40.0 1.0 X 506677 0 76169 AIMEI ZHONG UNTIL 102924 MVP, Equity INVESTMENTS 40.0 0.0 X 946969 0 28485 Andrew Whiting SVP, CHIEF REVENUE OFFICER 40.0 0.0 X 1186712 0 137244 KAREN CHONG-WULFF MVP, Fixed Income Investments 40.0 0.0 X 1199321 0 159239 Venkatakrishnan Balakrishnan MVP, Asset Allocation Investments 40.0 0.0 X 846381 0 72145 WAYNE WICKER UNTIL 40524 SVP, Chief Investment Officer 40.0 0.0 X 1546791 0 70897 11936368 547600 1064317 530 false true false ACCENTURE LLP 1255 TREAT BLVD WALNUT CREEK CA 94597 BUSINESS CONSULTING 10896034 BROADRIDGE COMMUNICATIONS LLC 542 MAIN STREET EL DIABLO HILLS CA 95762 COMMUNICATIONS 1905233 DATA MANAGEMENT GROUP LLC 848 N RAINBOW BLVD LAS VEGAS NV 89107 IT CONSULTING 1661030 MATRIX TRUST COMPANY 717 17TH STREET DENVER CO 80202 TRUSTEE SERVICES 1555293 GUIDEPOINT SECURITY LLC 11951 FREEDOM DR RESTON VA 20190 IT CONSULTING 1404128 85 0 PLAN ADMINISTRATION/ASSET MANAGEMENT 541611 234841048 234841048 OTHER ACCOUNT ADMINISTRATION 524292 28207940 28207940 0 0 0 0 263048988 21217515 445407 20772108 1031619 1031619 0 1031619 1031619 85795727 1853832 81181850 1873346 4613877 -19514 4594363 4594363 BUILDING ACCOUNT SERVICES 525990 185196 185196 0 0 0 0 185196 290077681 234841048 28838543 26398090 12849 12849 6749944 4049967 2699977 111829969 101855526 9974443 7439227 6831381 607846 15017989 12316901 2701088 7516796 6576983 939813 2300992 1959345 341647 757066 673674 83392 327599 327599 42628 42628 0 0 0 0 3470151 3470151 1711261 1535621 175640 24090951 22855923 1235028 2772867 2772867 7246697 5708403 1538294 3256019 3073076 182943 2028912 1235206 793706 12530 12530 6426965 5333372 1093593 1947426 1194244 753182 Third-Party Plan Admin. 41106121 41106121 Plan Mailing/Postage 7198488 7198488 Temporary Services 5236131 4658454 577677 Data Processing 11427965 11427965 22119767 18561189 3558578 0 292047310 264735305 27312005 0 1045023 1553934 88494940 78128064 27739273 26417763 0 0 15213335 13477812 88571376 78969243 15387822 9602133 202568940 155492778 295220669 392007083 0 32297334 27617966 677967336 704297533 60566446 65991022 14900000 12900000 0 33402257 30943332 108868703 109834354 569098633 594463179 569098633 594463179 677967336 704297533 X -1969629 27283051 51124 X false true true false X 0 211541796 243930111 224277681 223904010 234841048 1138494646 0 0 0 211541796 243930111 224277681 223904010 234841048 1138494646 0 0 0 0 0 0 11361414 12961408 12396953 13475538 11500840 61696153 11361414 12961408 12396953 13475538 11500840 61696153 1076798493 9656319 19707734 16404512 19086073 22249134 87103772 0 9656319 19707734 16404512 19086073 22249134 87103772 0 0 0 0 0 0 0 221198115 263637845 240682193 242990083 257090182 1225598418 0.87859 0.88431 0.07 0.0647 X false true false false false false true 327599 false false 327599 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY LOBBYING EXPENSES WERE INCURRED TO ADVOCATE AT FEDERAL AND STATE LEVELS FOR LEGISLATION AND ADMINISTRATIVE RULEMAKING THAT WILL BENEFIT MUNICIPAL RETIREMENT PLAN SYSTEMS, AND OTHERWISE IMPROVE THE ABILITY OF STATE AND LOCAL GOVERNMENT EMPLOYEES TO BUILD FINANCIAL SECURITY. 15295399 13461765 1833634 18274594 12704672 5569922 55001383 52802806 2198577 9602133 Closely-held equity interests Financial derivatives MUTUAL FUNDS & PRIVATE EQUITY FUNDS 392007083 F 392007083 Federal Income Taxes OPERATING LEASE LIABILITIES 15297349 RETIREMENT BENEFITS-NONCURRENT 1222902 OTHER CURRENT LIABILITIES 2094416 DEFERRED COMPENSATION 12328665 30943332 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE FOOTNOTE TO THE CORPORATION'S AUDITED FINANCIAL STATEMENTS UNDER FASB ASC 740 PROVIDES THE FOLLOWING DISCLOSURE: THE FASB ASC 740, INCOME TAXES, ESTABLISHES GUIDELINES FOR RECOGNIZING, MEASURING, AND DISCLOSING TAX RETURN POSITIONS IN FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE CORPORATION AND DETERMINED THAT THE APPLICATION OF ASC 740 HAD NO MATERIAL IMPACT ON ITS CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO ADJUSTMENTS FOR UNRECOGNIZED TAX BENEFITS OR RELATED INTEREST OR PENALTIES WERE REQUIRED AS OF DECEMBER 31, 2024. Central America and the Caribbean 0 0 Investments 117820669 Europe (Including Iceland and Greenland) 0 0 Investments 6853714 North America (Canada & Mexico only) 0 0 Investments 797672 0 0 0 0 0 0 125472055 0 125472055 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Schedule F, Part V Part I, Line 3: THE MAXIMUM AGGREGATE VALUE OF INVESTMENT IN CENTRAL AMERICA AND THE CARIBBEAN WAS $125,964,991, WITH A YEAR-END VALUE OF $117,820,669. THE MAXIMUM AGGREGATE VALUE OF INVESTMENT IN EUROPE WAS $7,295,676, WITH A YEAR-END VALUE OF $6,853,714. THE MAXIMUM AGGREGATE VALUE OF INVESTMENT IN NORTH AMERICA WAS $2,971,730, WITH A YEAR-END VALUE OF $797,672. THE MAXIMUM AGGREGATE VALUE OF INVESTMENT IN EAST ASIA AND THE PACIFIC WAS $250,268, WITH A YEAR-END VALUE OF $0. THE MAXIMUM AGGREGATE VALUE OF INVESTMENT IN SOUTH AMERICA WAS $145,522, WITH A YEAR-END VALUE OF $0. THE CORPORATION HAS ENGAGED JPMORGAN CHASE BANK TO SERVE AS A THIRD-PARTY CUSTODIAN OF THE ABOVE-NOTED INVESTMENTS AND DID NOT HAVE AN INTEREST IN, OR SIGNATURE OR OTHER AUTHORITY OVER, ANY REPORTABLE FOREIGN FINANCIAL ACCOUNTS. true MIRIAM'S KITCHEN 2401 VIRGINIA AVENUE NW WASHINGTON DC 200372637 521331552 501(c)(3) 12849 HELP INDIVIDUALS OBTAIN HOUSING AND OTHER CRITICAL RESOURCES NEEDED TO END CHRONIC HOMELESSNESS. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE CORPORATION SUPPORTS CHARITABLE ORGANIZATIONS DEDICATED TO IMPROVING LOCAL COMMUNITIES, AND IN 2024 MADE DONATIONS TO SEVERAL ORGANIZATIONS, INCLUDING MIRIAM'S KITCHEN. THE CHARITABLE ACTIVITIES OF THESE DONEE ORGANIZATIONS WERE MONITORED BY REVIEWING PUBLICLY AVAILABLE PROGRAM SERVICE DATA INCLUDING ANNUAL INFORMATION REPORTS AND FORM 990 FILINGS. X X X true true X X X X X X false true false false false false false true true true DEANNA SANTANA UNTIL 90324 ACTING PRESIDENT, CEO, DIRECTOR 717855 0 1050000 0 289027 0 24150 0 37734 0 2118766 0 0 0 ANDRE ROBINSON AS OF 90324 PRESIDENT, CEO, DIRECTOR 250034 0 721475 0 595 0 2532 0 14896 0 989532 0 0 0 MARC OTT DIRECTOR 858 501266 0 20000 0 26334 0 39380 0 16320 858 603300 0 0 ANGELA MONTEZ SECRETARY, CLO 449647 0 415800 0 245677 0 47150 0 4306 0 1162580 0 0 0 Dai Shi Treasurer, CFO 369825 0 475320 0 892 0 241348 0 13399 0 1100784 0 175320 0 THOMAS McANDREWS AS OF 90324 ASSISTANT SECRETARY 340053 0 165076 0 1548 0 24150 0 52019 0 582846 0 0 0 ERICA McFARQUHAR AS OF 90324 ASSISTANT SECRETARY 243244 0 247817 0 4898 0 24150 0 36965 0 557074 0 0 0 CHRISTOPHER GRAVES ASSISTANT TREASURER 188379 0 15417 0 250 0 14266 0 3542 0 221854 0 0 0 WAYNE WICKER UNTIL 40524 SVP, Chief Investment Officer 209880 0 1191859 0 145052 0 54650 0 16247 0 1617688 0 0 0 KAREN CHONG-WULFF MVP, Fixed Income Investments 408642 0 787760 0 2919 0 123030 0 36209 0 1358560 0 47180 0 Andrew Whiting SVP, CHIEF REVENUE OFFICER 329846 0 850384 0 6482 0 89708 0 47536 0 1323956 0 60384 0 AIMEI ZHONG UNTIL 102924 MVP, Equity INVESTMENTS 298448 0 645145 0 3376 0 24150 0 4335 0 975454 0 0 0 Venkatakrishnan Balakrishnan MVP, Asset Allocation Investments 846381 0 0 0 0 0 24150 0 47995 0 918526 0 0 0 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. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body CERTAIN ACTIONS OF THE CORPORATION'S BOARD OF DIRECTORS MAY BE REVIEWED OR APPROVED BY ANOTHER SECTION 501(c)(3) TAX-EXEMPT ORGANIZATION, THE INTERNATIONAL CITY/COUNTY MANAGEMENT ASSOCIATION. DIRECTORS WHO HAVE BEEN SELECTED BY THE CORPORATION'S BOARD ARE ALSO SUBJECT TO APPOINTMENT BY THIS SECTION 501(c)(3) ORGANIZATION. IN ADDITION, ANY DECISION BY THE CORPORATION'S BOARD TO REMOVE A DIRECTOR OR AMEND ITS CHARTER WOULD BE SUBJECT TO CONCURRENCE OR APPROVAL BY THIS SECTION 501(c)(3) TAX-EXEMPT ORGANIZATION. HOWEVER, THIS ORGANIZATION DOES NOT HAVE THE POWER TO REMOVE CORPORATION'S DIRECTORS AND DESIGNATE NEW DIRECTORS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders CERTAIN GOVERNANCE DECISIONS OF THE CORPORATION'S BOARD OF DIRECTORS MAY BE REVIEWED OR APPROVED BY ANOTHER 501(c)(3) TAX-EXEMPT ORGANIZATION. SEE THE RESPONSE TO THE FORM 990, PART VI, SECTION A, LINE 7A, ABOVE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE CORPORATION'S ANNUAL FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. IT IS PREPARED BY AN INDEPENDENT TAX ACCOUNTING FIRM AND REVIEWED BY OUTSIDE TAX COUNSEL. THE FORM IS ALSO EXAMINED BY SENIOR MANAGEMENT AND PROVIDED TO THE CORPORATION'S DIRECTORS BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE CORPORATION'S BOARD OF DIRECTORS HAS ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL OF ITS DIRECTORS. IN ADDITION, THE BOARD OF DIRECTORS HAS ADOPTED, AND SENIOR MANAGEMENT HAS IMPLEMENTED, A SEPARATE WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO OFFICERS AND ALL CLASSES OF EMPLOYEES. THE CORPORATION'S CONFLICT OF INTEREST POLICIES DEFINE "CONFLICTS OF INTEREST ESTABLISH REPORTING, REVIEW, AND DISCIPLINARY PROCEDURES. THE CORPORATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES THROUGH DISCLOSURE, WHISTLEBLOWER, AND OTHER PERIODIC REPORTING PROCESSES DESIGNED TO IDENTIFY INVESTMENT OR BUSINESS TRANSACTIONS AND AFFILIATIONS THAT MAY BE SIGNIFICANT AND GIVE RISE TO CONFLICTS OF INTEREST. ALL DIRECTORS, OFFICERS, AND EMPLOYEES MUST ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF THE RESPECTIVE CONFLICT OF INTEREST POLICIES EACH YEAR. IN ADDITION, DIRECTORS, OFFICERS, AND SENIOR MANAGERS ARE REQUIRED TO REPORT ANY INVESTMENT, EMPLOYMENT, BUSINESS, OR FAMILY RELATIONSHIPS THAT MAY INVOLVE THE CORPORATION, ITS DIRECTORS, OFFICERS, AND EMPLOYEES, OR THIRD PARTIES THAT MAY HAVE MATERIAL BUSINESS OR FINANCIAL RELATIONSHIPS WITH THE CORPORATION, TO INCLUDE SIGNIFICANT VENDORS AND SERVICE PROVIDERS. THE CORPORATION AND ITS BOARD OF DIRECTORS HAVE ESTABLISHED PROCEDURES FOR REVIEWING AND ENFORCING MATTERS INVOLVING POTENTIAL OR ACTUAL CONFLICTS OF INTEREST IN ORDER TO PRECLUDE DIRECTORS, OFFICERS, OR EMPLOYEES (IN DECISION-MAKING CAPACITIES) FROM PARTICIPATING IN DELIBERATIONS OR DECISIONS IN WHICH CONFLICTS MAY BE FOUND TO EXIST. THE CORPORATION'S CONFLICT OF INTEREST POLICIES ARE ADMINISTERED BY THE COMPLIANCE AND LEGAL DEPARTMENTS, WITH DETERMINATIONS MADE AND EFFECTED BY THE CHIEF COMPLIANCE OFFICER, AND, WHEN APPROPRIATE, THE CHIEF EXECUTIVE OFFICER OR THE AUDIT AND RISK COMMITTEE OF THE BOARD OF DIRECTORS. THESE MATTERS ARE ALSO SUBJECT TO FINAL REVIEW AND DECISION BY THE BOARD OF DIRECTORS, WITH ANY POTENTIALLY CONFLICTED PARTIES BEING RECUSED. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE 2024 COMPENSATION OF THE CORPORATION'S SENIOR EXECUTIVES WAS REVIEWED AND APPROVED, IN ADVANCE, BY VOTE OF THE INDEPENDENT MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS. IN EVALUATING SUCH COMPENSATION, THE BOARD HAD THE BENEFIT OF RECOMMENDATIONS FROM ITS FINANCE AND ADMINISTRATION COMMITTEE, ALSO COMPRISED OF INDEPENDENT DIRECTORS. NO MEMBER OF THE BOARD OR THE COMMITTEE VOTING ON SUCH COMPENSATION HAD OR HAS A CONFLICT OF INTEREST IN RESPECT THERETO. AS PART OF THE REVIEW AND APPROVAL PROCESS, THE BOARD AND COMMITTEE OBTAINED AND RELIED ON DATA FROM AN INDEPENDENT COMPENSATION CONSULTANT REGARDING DATA ON MARKET COMPENSATION FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS, TO INCLUDE DATA OBTAINED FROM FORMS 990 OF OTHER TAX-EXEMPT ORGANIZATIONS; PUBLICLY AVAILABLE FINANCIAL AND MARKET DATA ON RELEVANT PRIVATE SECTOR ENTITIES; AND COMPENSATION STUDIES COMPILED BY THIRD-PARTY COMPENSATION EXPERTS. BOARD AND COMMITTEE DELIBERATIONS AND DECISIONS ON SUCH COMPENSATION MATTERS WERE FULLY AND CONTEMPORANEOUSLY DOCUMENTED. DURING 2024, THIS REVIEW AND APPROVAL PROCESS WAS UNDERTAKEN FOR EACH OF THE FOLLOWING PERSONS AND POSITIONS: DEANNA SANTANA (ACTING PRESIDENT, CEO, DIRECTOR); DAI SHI (TREASURER , CFO); WAYNE WICKER (SVP, CHIEF INVESTMENT OFFICER); ANDREW WHITING (SVP, CHIEF REVENUE OFFICER); KAREN CHONG-WULFF (MVP, FIXED INCOME INVESTMENTS); ANGELA MONTEZ (SECRETARY, CLO); AIMEI ZHONG (MVP, EQUITY INVESTMENTS); AND VENKATAKRISHNAN BALAKRISHNAN (MVP, ASSET ALLOCATION INVESTMENTS). THE CORPORATION ALSO CONDUCTS PERIODIC INTERNAL STUDIES OF COMPENSATION AMOUNTS PROVIDED TO THE MEMBERS OF ITS BOARD OF DIRECTORS. THIS REVIEW PROCESS WAS UNDERTAKEN FOR 2024 USING COMPARABILITY DATA GATHERED FROM RECENT FORMS 990 OF OTHER TAX-EXEMPT ORGANIZATIONS AND FROM PUBLICLY DISCLOSED FINANCIAL AND MARKET INFORMATION ON RELEVANT PRIVATE SECTOR ENTITIES. ALTHOUGH THEY ARE NOT PAID DIRECTOR FEES FOR THEIR SERVICES, MEMBERS OF THE BOARD OF DIRECTORS MAY RECOGNIZE TAXABLE INCOME WITH RESPECT TO PAYMENTS INTENDED TO DEFRAY OCCASIONAL, INCIDENTAL TRAVEL COSTS OF A COMPANION OR FAMILY MEMBER ACCOMPANYING THEM TO BOARD MEETINGS, AND WHEN APPLICABLE, WILL ALSO INCLUDE OTHER SMALL TAXABLE AMOUNTS. Form 990, Part VI, Line 15b Process to establish compensation of other employees ALL EXECUTIVE LEVEL COMPENSATION IS DETERMINED AND THE PROCESS IS UNDERTAKEN ANNUALLY. THEREFORE, THE LAST YEAR IN WHICH THE PROCESS WAS UNDERTAKEN WAS 2024. Form 990, Part VI, Line 19 Required documents available to the public SENIOR MANAGEMENT OF THE CORPORATION HAS APPROVED AND IMPLEMENTED A PUBLIC DISCLOSURE POLICY WHICH SETS OUT PROCEDURES FOR MAKING ITS FORM 990 AVAILABLE FOR INSPECTION UPON REQUEST BY THE GENERAL PUBLIC. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN UNRECOGNIZED NONQUALIFIED RETIREMENT PLAN COSTS - 51124; Total - 51124; FORM 990, PART VI, SECTION A, LINE 2: DURING 2024, ANDRE ROBINSON, DEANNA SANTANA, AND MARC OTT SERVED AS DIRECTORS ON THE BOARD OF THE CENTER FOR PUBLIC ADMINISTRATION AND SERVICE, INC., AN ORGANIZATION THAT OWNS AND MANAGES THE OFFICE BUILDING LOCATION OF THE CORPORATION'S HEADQUARTERS IN WASHINGTON, D.C. ANDRE ROBINSON, DEANNA SANTANA, MARC OTT, AND DAI SHI ALSO SERVED AS OFFICERS OF THIS ORGANIZATION. FORM 990, PART VII, SECTION A / FORM 990, SCHEDULE J, PART III: EFFECTIVE FOR TAX YEAR 2021, THE CORPORATION ELIMINATED SEVERAL ASSISTANT OFFICER POSITIONS. ALTHOUGH THESE ELIMINATED POSITIONS DO NOT MEET CRITERIA FOR FORMER OFFICER REPORTING, THE NAMES AND TERMS ASSOCIATED WITH EACH ELIMINATED POSITION ARE SET FORTH BELOW: ELIMINATED POSITION ----- NAME ------------------- TERM ASSISTANT TREASURER - RICHARD WHITTY - 2012 - 2020 ASSISTANT TREASURER - GEORGE SUZICH - 2009 - 2020 ASSISTANT TREASURER - NATACHA LAFLEUR - 2019 - 2020 Form 990, Page 1, Box C THE INTERNAL REVENUE SERVICE TRUNCATED THE LEGAL NAME OF THE CORPORATION BY REMOVING "THE" FROM THE BEGINNING OF THE LEGAL NAME. ACCORDINGLY, THE CORPORATION'S FILINGS REFLECT THE NAME OF THE ORGANIZATION AS CURRENTLY SHOWN. ICMA-RC SERVICES LLC 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 522138303 SEC/FINRA-REGISTERED BROKER-DEALER PROVIDING SERVICES TO RETIREMENT TRUSTS. DE 974772 1136418 MISSIONSQUARE VANTAGEPOINT TRANSFER AGENTS LLC 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 522138305 TRANSFER AGENT PROVIDING ADMINISTRATIVE SERVICES TO RETIREMENT PLANS AND TRUSTS. DE 0 0 MISSIONSQUARE VANTAGEPOINT INVESTMENT ADVISERS LLC 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 522138307 SEC-REGISTERED INVESTMENT ADVISOR PROVIDING SERVICES TO RETIREMENT TRUSTS. DE 44862759 1512012 MISSIONSQUARE VANTAGETRUST COMPANY LLC 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 527193751 STATE-REGULATED TRUST COMPANY MANAGING RETIREMENT TRUST ASSETS. NH 182881058 9507247 MISSIONSQUARE INTERNATIONAL CITYCOUNTY MANAGEMENT ASSOCIATION 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 362167755 PROFESSIONAL AND EDUCATIONAL ORGANIZATION ADVANCING LOCAL GOVERNMENTS. IL 501(c)(3) 10 NA false MISSIONSQUARE FOUNDATION 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 881226333 DEDICATED TO BUILDING STRONGER COMMUNITIES AND CREATING LONG-TERM FINANCIAL RESILIENCY. DE 501(c)(3) PF MISSIONSQUARE true CENTER FOR PUBLIC ADMINISTRATION AND SERVICE INC 777 NORTH CAPITOL ST NE WASHINGTON DC 200024240 521655825 REAL ESTATE INVESTMENT TRUST HOLDING AND MANAGING HEADQUARTERS OFFICE SPACE. MD NA C Corporation 0.3333 false false true false false false true false false false false true true false false false true false true false Schedule R, Part I Part I Line 1 ICMA-RC SERVICES LLC (D/B/A MISSIONSQUARE INVESTMENT SERVICES) SEC/FINRA-REGISTERED BROKER-DEALER PROVIDING SERVICES TO RETIREMENT TRUSTS. Schedule R, Part I PART I, LINE 2: VANTAGEPOINT TRANSFER AGENTS, LLC TRANSFER AGENT PROVIDING ADMINISTRATIVE SERVICES TO RETIREMENT PLANS AND TRUSTS. Schedule R, Part I PART I, LINE 3: VANTAGEPOINT INVESTMENT ADVISERS, LLC (D/B/A MISSIONSQUARE INVESTMENTS) SEC-REGISTERED INVESTMENT ADVISOR PROVIDING SERVICES TO RETIREMENT TRUSTS. Schedule R, Part I PART 1, LINE 4: VANTAGETRUST COMPANY, LLC STATE-REGULATED TRUST COMPANY MANAGING RETIREMENT TRUST INVESTMENT ASSETS. Schedule R, Part II PART II, LINE 1: INTERNATIONAL CITY/COUNTY MANAGEMENT ASSOCIATION PROFESSIONAL AND EDUCATIONAL ORGANIZATION ADVANCING LOCAL GOVERNMENTS. Schedule R, Part II PART II, LINE 2: MISSIONSQUARE FOUNDATION PRIVATE FOUNDATION DEDICATED TO BUILDING STRONGER COMMUNITIES AND CREATING LONG-TERM FINANCIAL RESILIENCY FOR FAMILIES. Schedule R, Part IV PART IV, LINE 1: CENTER FOR PUBLIC ADMINISTRATION AND SERVICES, INC. REAL ESTATE INVESTMENT TRUST HOLDING AND MANAGING HEADQUARTERS OFFICE SPACE.