INVESTMENT COMPANY INSTITUTE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- INVESTMENT COMPANY INSTITUTE (EIN 13-5266605)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2012-08-09
- IRS object ID
- 201212229349300326
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-09T09:07:55-05:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 K STREET NW SUITE 800W | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 200053333 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135266605 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVESTMENT COMPANY INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INVE | NameControl |
| Phone | 2023265800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 H STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK DELCOCO | Name |
| Title | TREASURER | Title |
| Date Signed | 2012-08-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2024141000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PAUL STEVENS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 H STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 66993871 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.ICI.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | ENCOURAGE ADHERENCE TO HIGH ETHICAL STANDARDS; ADVANCE THE INTEREST OF FUNDS, THEIR SHAREHOLDERS, DIRECTORS & INVESTMENT ADVISERS; PROMOTE PUBLIC UNDERSTANDING OF MUTUAL FUNDS AND OTHER INVESTMENT COMPANIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 45 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 45 | NbrIndependentVotingMembers |
| Total Nbr Employees | 166 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 254805 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 117500 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 44012095 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 49706941 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5485345 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5656919 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1031931 | InvestmentIncomePriorYear |
| Investment Income Current Year | 789689 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 914707 | OtherRevenuePriorYear |
| Other Revenue Current Year | 887130 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 51444078 | TotalRevenuePriorYear |
| Total Revenue Current Year | 57040679 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 50000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 50000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 30809978 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 31950107 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 21415441 | OtherExpensePriorYear |
| Other Expenses Current Year | 22282061 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 52275419 | TotalExpensesPriorYear |
| Total Expenses Current Year | 54282168 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -831341 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2758511 | RevenuesLessExpensesCY |
| Total Assets BOY | 49012465 | TotalAssetsBOY |
| Total Assets EOY | 56014529 | TotalAssetsEOY |
| Total Liabilities BOY | 24023653 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 34720675 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 24988812 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21293854 | NetAssetsOrFundBalancesEOY |
| Mission Description | ICI ENGAGES IN THREE CORE MISSIONS: ENCOURAGING ADHERENCE TO HIGH ETHICAL STANDARDS BY ALL INDUSTRY PARTICIPANTS; ADVANCING THE INTERESTS OF FUNDS, THEIR SHAREHOLDERS, DIRECTORS, AND INVESTMENT ADVISORS; AND PROMOTING PUBLIC UNDERSTANDING OF MUTUAL FUNDS AND OTHER INVESTMENT COMPANIES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | PUBLIC POLICY ISSUES - ICI ADVANCES THE INTERESTS OF INVESTMENT COMPANIES, THEIR SHAREHOLDERS, DIRECTORS, AND INVESTMENT ADVISERS BY SUPPORTING EFFECTIVE LEGISLATION AND REGULATION. TO SECURE PUBLIC POLICY OBJECTIVES, ICI REPRESENTS THE FUND INDUSTRY AND ITS SHAREHOLDERS BEFORE CONGRESS, THE SECURITIES AND EXCHANGE COMMISSION, AND OTHER REGULATORY AGENCIES, AS WELL AS STATE AND FOREIGN REGULATORS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RESEARCH - ICI IS THE PRIMARY SOURCE FOR STATISTICAL DATA AND RESEARCH ON INVESTORS AND RETIREMENT PLANS IN THE INVESTMENT COMPANY INDUSTRY. ICI RESEARCH EXAMINES SUCH TOPICS AS THE RETIREMENT MARKET, SHAREHOLDER DEMOGRAPHICS, TRENDS IN SHAREHOLDER OWNERSHIP, FUND FEES AND EXPENSES, AND THE INDUSTRY'S ROLE IN FOREIGN MARKETS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PUBLIC COMMUNICATIONS - ICI OFFERS A WIDE RANGE OF RESOURCES TO THE MEDIA, INCLUDING NEWS RELEASES, BACKGROUND INFORMATION ON THE FUND INDUSTRY, TESTIMONY BEFORE LEGISLATORS AND REGULATORS, SPEECHES AT CONFERENCES AND COMMENT LETTERS EXPRESSING INDUSTRY OPINIONS ON REGULATORY PROPOSALS. ICI ALSO PROVIDES REGULAR STATISTICAL RELEASES AND RESEARCH CONCERNING THE INDUSTRY AND ITS SHAREHOLDERS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | true | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 68 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 166 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | true | NonDeductibleContributions |
| Non Deductible Disclosure | true | NonDeductibleDisclosure |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 45 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 45 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK DELCOCO | NamePerson |
| Telephone Number | 2023265800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 H STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (56 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| EDWARD C BERNARD | ||||||||
| CHAIRMAN | 1.0 | X | 0 | 0 | 0 | |||
| MARTIN L FLANAGAN | ||||||||
| VICE CHAIRMAN | 1.0 | X | 0 | 0 | 0 | |||
| ASHOK N BAKHRU | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JONATHAN R BAUM | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| DOROTHY A BERRY | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MARY K BUSH | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MARIE A CHANDOHA | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JOHN F COGAN JR | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL J COSGROVE | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| PATRICK P COYNE | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| RICHARD S DAVIS | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| ANTHONY W DEERING | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| KENNETH C EICH | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| THOMAS E FAUST JR | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MARK R FETTING | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| GEORGE C W GATCH | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| C GARY GERST | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM F GLAVIN JR | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JOHN T HALLER | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| BRENT R HARRIS | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| DIANA P HERRMANN | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MELLODY HOBSON | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| GREGORY E JOHNSON | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT M KEITH | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| SUSAN B KERLEY | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JOHN Y KIM | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT J MANNING | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| SUSAN B MCGEE | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JOHN W MCGONIGLE | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| F WILLIAM MCNABB III | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JAMES A MCNAMARA | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JACQUES P PEROLD | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| DONALD H PRATT | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| KARLA M RABUSCH | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT L REYNOLDS | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JUDY RICE | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JAMES E ROSS | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| THOMAS S SCHREIER JR | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL S SCOFIELD | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| MICHAEL D STROHM | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| JONATHAN S THOMAS | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| GARRETT THORNBURG | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM F TRUSCOTT | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT W UEK | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| LLOYD A WENNLUND | ||||||||
| MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| PAUL SCHOTT STEVENS | ||||||||
| PRESIDENT & CEO | 40.0 | 1797798 | 0 | 247360 | X | |||
| PETER H GALLARY | ||||||||
| CHIEF OPERATING OFFICER | 40.0 | 829325 | 0 | 64360 | X | |||
| KAREN H MCMILLAN | ||||||||
| GENERAL COUNSEL | 40.0 | 863341 | 0 | 58936 | X | |||
| FRANCES M STADLER | ||||||||
| SECRETARY | 40.0 | 332983 | 0 | 65160 | X | |||
| MARK A DELCOCO | ||||||||
| TREASURER | 40.0 | 174045 | 0 | 54705 | X | |||
| BRIAN K REID | ||||||||
| CHIEF ECONOMIST | 40.0 | 454020 | 0 | 53071 | X | |||
| DONALD C AUERBACH | ||||||||
| CHIEF GOV AFFRS OFFCR/CO-HEAD | 40.0 | 514897 | 0 | 53071 | X | |||
| DEAN R SACKETT III | ||||||||
| CHIEF GOV AFFRS OFFCR/CO-HEAD | 40.0 | 511658 | 0 | 68260 | X | |||
| F GREGORY AHERN | ||||||||
| CHIEF PUBLIC COMM OFFICER | 40.0 | 507883 | 0 | 66359 | X | |||
| MARY S PODESTA | ||||||||
| SENIOR COUNSEL | 40.0 | 393490 | 0 | 62953 | X | |||
| KEITH D LAWSON | ||||||||
| SENIOR COUNSEL | 40.0 | 380092 | 0 | 65859 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6759532 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 860094 | TotalOtherCompensation |
| Number Individuals GT100 K | 63 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BAIN COMPANY INC | |||||
| THREE TIMES SQUARE 25TH FL | NEW YORK | NY | 10036 | CONSULTING SERVICES | 1612500 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| 2001 MARKET STREET | PHILADELPHIA | PA | 19103 | AUDIT/CONSULTNG SVCS | 561760 |
| FOX ARCHITECTS | |||||
| 8444 WESTPARK DRIVE SUITE 120 | MCLEAN | VA | 22102 | ARCHITECTURAL SVCS | 345344 |
| COVINGTON BURLING LLP | |||||
| 1201 PENNSYLVANIA AVE NW | WASHINGTON | DC | 20004 | LEGAL SERVICES | 328115 |
| SARD VERBINNEN CO LLC | |||||
| 630 THIRD AVENUE | NEW YORK | NY | 10017 | CONSULTING SERVICES | 268974 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 17 | NumberOfContractorsGT100K |
| Membership Dues | 49706941 | MembershipDues |
| Total Contributions | 49706941 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| CONFERENCE & WORKSHOPS | 900099 | 2335725 | 2335725 | |
| GENERAL MEMBERSHIP MEETING | 900099 | 1818625 | 1818625 | |
| SUBSCRIPTION SERVICES | 900099 | 953298 | 953298 | |
| SERVICE DIRECTORY | 541800 | 254805 | 254805 | |
| FEE BASED BUSINESS INCOME | 900099 | 294466 | 294466 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5656919 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 752370 | TotalRevenueColumn |
| Exclusion | $752,370 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 887130 | TotalRevenueColumn |
| Exclusion | $887,130 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9990511 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9953192 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 37319 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 37319 | TotalRevenueColumn |
| Exclusion | $37,319 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57040679 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5402114 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 254805 | UnrelatedBusinessRevenue |
| Exclusion | $1,676,819 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50000 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4349400 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19986367 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3766621 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2639721 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1207998 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1844474 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212057 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1694823 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1279677 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 994810 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4063954 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500105 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5061790 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1242960 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210739 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| RESEARCH INFORMATION SERVICES | 1311235 |
| LOBBY PROXY TAX | 1704465 |
| PUBLIC COMMUNICATIONS | 796402 |
| UNRELATED BUSINESS INC TAX | 47431 |
| ICI GLOBAL | 240312 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1076827 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54282168 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 897549 | BOY |
| EOY | 635641 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 540541 | BOY |
| EOY | 1069382 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1852735 | BOY |
| EOY | 1304950 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 14353928 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8553789 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2978104 | BOY |
| EOY | 5800139 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42044319 | BOY |
| EOY | 46420527 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 699217 | BOY |
| EOY | 783890 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49012465 | BOY |
| EOY | 56014529 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21124546 | BOY |
| EOY | 27546589 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239353 | BOY |
| EOY | 507022 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2659754 | BOY |
| EOY | 6667064 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24023653 | BOY |
| EOY | 34720675 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24988812 | BOY |
| EOY | 21293854 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24988812 | BOY |
| EOY | 21293854 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49012465 | BOY |
| EOY | 56014529 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2758511 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -6453469 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | false | AgreeToCarryoverPriorYear |
| Dues Assessments | 49706941 | DuesAssessments |
| Non Ded Lobby Political Current | 4869898 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 4869898 | NonDedLobbyPoliticalTotal |
| Taxable | $4,869,898 | TaxableAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5025936 | OtherCostOrOtherBasis |
| Depreciation | 1786931 | Depreciation |
| Book Value | 3239005 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9327992 | OtherCostOrOtherBasis |
| Depreciation | 6766858 | Depreciation |
| Book Value | 2561134 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 5800139 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RENT CREDIT | $4,240,345 |
| DEFERRED RENT | $2,426,719 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6667064 | TotalOfAmounts |
| Total Revenue | 57040679 | TotalRevenue |
| Total Expenses | 54282168 | TotalExpenses |
| Excess Or Deficit For Year | 2758511 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 214183 | NetUnrealizedGLOnInvestments |
| Other | -$6,667,652 | OtherAmount |
| Total Adjustments | -6453469 | TotalAdjustments |
| Excess Or Deficit Per FS | -3694958 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 57254862 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 214183 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 214183 | RevenueNotRptdF990 |
| Revenue Subtotal | 57040679 | RevenueSubtotal |
| Total Revenue Per Form990 | 57040679 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 54282168 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 54282168 | ExpensesSubtotal |
| Total Expenses Per Form990 | 54282168 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE D, PART X, LINE 2: | FIN 48 FOOTNOTE TO FINANCIAL STATEMENTS | THE COMPANY REVIEWS ALL UNCERTAIN TAX POSITIONS TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE TAX AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS REDUCED BY THE LARGEST BENEFIT THAT HAS A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITY. THE COMPANY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT NO LIABILITY EXISTS AS OF SEPTEMBER 30, 2011. |
| SCHEDULE D, PART XI, LINE 8: | ACTUARIAL PENSION PLAN LOSS: -$6,667,652 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 1 | NumberOfEmployees |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConducted |
| Specific Services Provided | SEE PART V | SpecificServicesProvided |
| Total Expenditures | 240312 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 240312 | SubtotalAmountSpent |
| Total Amount Spent | 240312 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 3, COLUMN (E): | Identifier |
| Explanation | ICI GLOBAL SEEKS TO ADVANCE THE COMMON INTERESTS AND PROMOTE PUBLIC UNDERSTANDING OF GLOBAL INVESTMENT FUNDS, THEIR MANAGERS, AND INVESTORS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ICI EDUCATION FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 H STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 521659777 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 50000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | NONE | MethodOfValuation |
| Description Of Non Cash Assistance | NONE | DescriptionOfNonCashAssistance |
| Purpose Of Grant | RELATED ORGANIZATION | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE I, LINE 1: | Identifier |
| Explanation | THE ICI EDUCATION FOUNDATION WAS FOUNDED BY THE INVESTMENT COMPANY INSTITUTE IN 1989, AND THE INSTITUTE PREPARES AND MONITORS THE FOUNDATION'S BUDGET. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAUL SCHOTT STEVENS | |||||||||||||
| 895112 | 0 | 700000 | 0 | 202686 | 0 | 225478 | 0 | 21882 | 0 | 2045158 | 0 | 180000 | 0 |
| PETER H GALLARY | |||||||||||||
| 621512 | 0 | 178617 | 0 | 29196 | 0 | 45477 | 0 | 18883 | 0 | 893685 | 0 | 0 | 0 |
| KAREN H MCMILLAN | |||||||||||||
| 620704 | 0 | 225000 | 0 | 17637 | 0 | 45477 | 0 | 13459 | 0 | 922277 | 0 | 0 | 0 |
| FRANCES M STADLER | |||||||||||||
| 313918 | 0 | 15000 | 0 | 4065 | 0 | 45477 | 0 | 19683 | 0 | 398143 | 0 | 0 | 0 |
| MARK A DELCOCO | |||||||||||||
| 171813 | 0 | 0 | 0 | 2232 | 0 | 33038 | 0 | 21667 | 0 | 228750 | 0 | 0 | 0 |
| BRIAN K REID | |||||||||||||
| 348071 | 0 | 102599 | 0 | 3350 | 0 | 45477 | 0 | 7594 | 0 | 507091 | 0 | 0 | 0 |
| DONALD C AUERBACH | |||||||||||||
| 355917 | 0 | 156173 | 0 | 2807 | 0 | 45477 | 0 | 7594 | 0 | 567968 | 0 | 0 | 0 |
| DEAN R SACKETT III | |||||||||||||
| 352058 | 0 | 156173 | 0 | 3427 | 0 | 45477 | 0 | 22783 | 0 | 579918 | 0 | 0 | 0 |
| F GREGORY AHERN | |||||||||||||
| 375012 | 0 | 112344 | 0 | 20527 | 0 | 45477 | 0 | 20882 | 0 | 574242 | 0 | 0 | 0 |
| MARY S PODESTA | |||||||||||||
| 326053 | 0 | 52602 | 0 | 14835 | 0 | 45477 | 0 | 17476 | 0 | 456443 | 0 | 0 | 0 |
| KEITH D LAWSON | |||||||||||||
| 327112 | 0 | 48904 | 0 | 4076 | 0 | 45477 | 0 | 20382 | 0 | 445951 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| SCHEDULE J, LINE 1A: | HEALTH CLUB OR SOCIAL CLUB DUES OR INITIATION FEES: SOCIAL CLUB MEMBERSHIP FOR BUSINESS PURPOSES IS PROVIDED TO CERTAIN INSTITUTE OFFICERS LISTED IN PART VII, SECTION A, LINE 1A. PERSONAL SERVICES: THE ONLY PERSONAL SERVICE PROVIDED IS FINANCIAL PLANNING, WHICH IS PROVIDED TO CERTAIN INSTITUTE EMPLOYEES LISTED IN PART VII, SECTION A, LINE 1. THIS AMOUNT IS INCLUDED IN TAXABLE INCOME. |
| SCHEDULE J, LINE 4B: | PRESIDENT PAUL SCHOTT STEVENS DEFERRED $180,000 OF COMPENSATION UNDER A NON-QUALIFIED DEFERRED COMPENSATION PLAN DURING CALENDAR YEAR 2010. THIS AMOUNT HAS BEEN INCLUDED ON SCHEDULE J, PART II, COLUMN (C). ON JUNE 1, 2010, HE RECEIVED A PAYOUT OF $180,000 FOR COMPENSATION DEFERRED SINCE JUNE 2009. THIS AMOUNT IS INCLUDED IN HIS W-2 BOX 5 COMPENSATION, AND IS INCLUDED IN SCHEDULE J, PART II, COLUMNS (B)(III) AND (F). |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART VI, LINE 2: | THE FOLLOWING BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS BY SERVING TOGETHER ON THE SAME MUTUAL FUND BOARD: DONALD PRATT AND JONATHAN THOMAS; ASHOK BAKHRU AND JAMES MCNAMARA; SUSAN KERLEY AND JOHN KIM; ROBERT MANNING AND ROBERT UEK; MARY BUSH AND JOHN COGAN. THE FOLLOWING BOARD MEMBERS AND OFFICERS HAVE A BUSINESS RELATIONSHIP BY SERVING TOGETHER ON THE ICI MUTUAL BOARD OF DIRECTORS: JOHN COGAN; KENNETH EICH; DIANA HERRMANN; GREGORY JOHNSON; PAUL S. STEVENS; AND MICHAEL STROHM. |
| PART VI, LINE 4: | THE INVESTMENT COMPANY INSTITUTE'S ("THE INSTITUTE") BOARD APPROVED THE FOLLOWING AMENDMENT TO THE INSTITUTE'S BY-LAWS: AN INVESTMENT COMPANY WHICH IS WITHIN A GROUP OF INVESTMENT COMPANIES UNDER SUBSTANTIALLY COMMON MANAGEMENT CANNOT BE A MEMBER OF THE INSTITUTE UNLESS ALL INVESTMENT COMPANIES WITHIN THAT GROUP ARE MEMBERS OF THE INSTITUTE. |
| PART VI, LINE 6: | THE INVESTMENT COMPANY INSTITUTE ("THE INSTITUTE"), THE TRADE ASSOCIATION FOR THE MUTUAL FUND INDUSTRY, IS ORGANIZED INTO FIVE MEMBERSHIP DIVISIONS: THE OPEN-END INVESTMENT COMPANY DIVISION, THE CLOSED-END INVESTMENT COMPANY DIVISION, THE INVESTMENT ADVISER DIVISION, THE UNDERWRITER DIVISION, AND THE UNIT INVESTMENT TRUST DIVISION. EACH MEMBER OF THE OPEN-END INVESTMENT COMPANY DIVISION, THE CLOSED-END INVESTMENT COMPANY DIVISION AND THE UNIT INVESTMENT TRUST DIVISION IS ENTITLED TO ONE VOTE WITH RESPECT TO MATTERS AFFECTING ITS DIVISION, AND ONE VOTE WITH RESPECT TO MATTERS AFFECTING THE CORPORATION AS A WHOLE. EACH GROUP OF MEMBERS FROM THE INVESTMENT ADVISER DIVISION AND THE UNDERWRITER DIVISION, THE MEMBERS OF WHICH GROUPS ARE UNDER COMMON CONTROL, COLLECTIVELY ARE ENTITLED TO ONE VOTE WITH RESPECT TO MATTERS INVOLVING ITS OWN DIVISION AND ONE VOTE WITH RESPECT TO MATTERS INVOLVING THE CORPORATION AS A WHOLE. |
| PART VI, LINE 7A AND 7B: | MEMBERS OF THE INSTITUTE MEET ANNUALLY FOR THE PURPOSE OF ELECTING GOVERNORS TO SERVE ON THE INSTITUTE'S BOARD. THE NOMINATING COMMITTEE OF THE BOARD OF GOVERNORS PROPOSES NOMINEES FOR ELECTION AS GOVERNORS AT THE ANNUAL MEETING. MEMBERS APPROVE THE ELECTION OF THE NOMINEES TO THE BOARD. |
| PART VI, LINE 11B: | INSTITUTE MANAGEMENT AND AN EXTERNAL TAX ADVISER, PRICEWATERHOUSECOOPERS, REVIEW THE FORM 990 BEFORE IT IS PRESENTED TO THE AUDIT COMMITTEE AND THE COMPENSATION COMMITTEE OF THE BOARD OF GOVERNORS. BEFORE THE FORM 990 IS FILED, THE AUDIT COMMITTEE REVIEWS THE ENTIRE FORM. THE FORM 990 IS ALSO PROVIDED TO THE COMPENSATION COMMITTEE BEFORE IT IS FILED, AND THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION DISCLOSURES (PART VII AND SCHEDULE J). A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF GOVERNORS BEFORE IT IS FILED VIA A PASSWORD-PROTECTED WEBSITE. |
| PART VI, LINE 12C: | ANNUALLY, EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT FORM INDICATING THAT THEY HAVE READ AND UNDERSTAND THE INSTITUTE'S CONFLICT OF INTEREST POLICY. IN ADDITION, AND IN ORDER TO PROACTIVELY ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY RESULT IN A MATERIALLY FINANCIAL BENEFIT, INSTITUTE BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND OTHER SELECTED SENIOR STAFF ARE REQUIRED TO ANNUALLY COMPLETE AND SUBMIT A DISCLOSURE FORM INDICATING WHETHER THEY OR THEIR FAMILY MEMBERS HAVE ANY OUTSIDE INTERESTS, ACTIVITIES, TRANSACTIONS, OR RELATIONSHIPS WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT EXISTS THAT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE INSTITUTE, SUBSEQUENT ACTION MAY BE TAKEN SUCH AS RECUSING THE INDIVIDUAL FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE INSTITUTE, OR REQUESTING THE INDIVIDUAL'S RESIGNATION. IT MAY ALSO BE DETERMINED THAT NO ACTION IS NECESSARY AS THE CONFLICT IS UNLIKELY TO AFFECT THE INDIVIDUAL'S ABILITY TO ACT IN THE BEST INTERESTS OF THE INSTITUTE. |
| PART VI, LINES 15A AND 15B: | COMPENSATION FOR THE PRESIDENT & CEO, OFFICERS AND OTHER SENIOR STAFF IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE ELECTED BY THE BOARD OF GOVERNORS. PRIOR TO MAKING ANY DECISIONS, COMPENSATION IS BENCHMARKED AGAINST EXTERNAL SURVEY DATA FOR COMPARABLE POSITIONS, INCLUDING DATA FROM NON-PROFIT SURVEYS, IRS FORM 990'S AND INDUSTRY SURVEYS. COMPENSATION IS ALSO DETERMINED IN CONSIDERATION OF INDIVIDUAL AND INSTITUTE PERFORMANCE AGAINST GOALS. THE COMPENSATION COMMITTEE AND THE INSTITUTE MAY ALSO PERIODICALLY RETAIN THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO ADDRESS EXECUTIVE COMPENSATION. RECOMMENDATIONS FOR THE PRESIDENT & CEO AND OTHER KEY STAFF ARE ALSO PRESENTED TO, AND APPROVED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS. CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS, DECISIONS AND ACTIONS OF THE COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN THE MINUTES OF EACH COMMITTEE AND IN RECORDS MAINTAINED BY THE HUMAN RESOURCES DEPARTMENT. |
| PART VI, LINE 19: | THE INSTITUTE'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE INSTITUTE'S WEBSITE. THE INSTITUTE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| PART XI, LINE 5: | UNREALIZED GAIN ON INVESTMENTS $214,183; ACTUARIAL PENSION LOSS -$6,667,652 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| ICI EDUCATION FOUNDATION | |||||||||
| 1401 H STREET NW | WASHINGTON | DC | 20005 | 521659777 | INV EDUCATION | DE | 501(C)(3) | 11D | NA |
| ICI POLITICAL ACTION COMMITTEE | |||||||||
| 1401 H STREET NW | WASHINGTON | DC | 20005 | 521539838 | PAC | DE | 527 | N/A | NA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |