ICC Operations

[CodeWarrior]

Here is a recent tax filing for ICC:

https://pp-990-rendered.s3.us-east-1.amazonaws.com/202033179349305148_full_0.html?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIA266MJEJYTM5WAG5Y%2F20220824%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20220824T093325Z&X-Amz-Expires=1800&X-Amz-SignedHeaders=host&X-Amz-Signature=153f0d63c526161b25951c26d72c423d23afd87fe397988573c968d6d397c931

These forms get released sometime after the filing year, and there may be more recent years available.

Some interesting points:
from 2018 to 2019, revenues increased to past $70 million, impressive. Yet net income decreased nearly $2 million, not so impressive. Spending more to give back to their members? Naw, highly paid staff received significant bonuses, which account for most of the money flying out.

The board of directors certainly should reward the paid staff for growing the company. But they went overboard here, and instead of seeing the net increase in proportion to revenue, they tranfered money from ICC’s coffers to certain employees’ bank accounts.

Ain’t it cool?

 

[CodeWarrior]

International Code Council Inc - Nonprofit Explorer - ProPublica

Since 2013, the IRS has released data culled from millions of nonprofit tax filings. Use this database to find organizations and see details like their executive compensation, revenue and expenses, as well as download tax filings going back as far as 2001.

projects.propublica.org

The link in the 1st post may not work. Here are year to year filings.

 

[tmurray]

Here is a recent tax filing for ICC:

https://pp-990-rendered.s3.us-east-1.amazonaws.com/202033179349305148_full_0.html?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIA266MJEJYTM5WAG5Y%2F20220824%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20220824T093325Z&X-Amz-Expires=1800&X-Amz-SignedHeaders=host&X-Amz-Signature=153f0d63c526161b25951c26d72c423d23afd87fe397988573c968d6d397c931

These forms get released sometime after the filing year, and there may be more recent years available.

Some interesting points:
from 2018 to 2019, revenues increased to past $70 million, impressive. Yet net income decreased nearly $2 million, not so impressive. Spending more to give back to their members? Naw, highly paid staff received significant bonuses, which account for most of the money flying out.

The board of directors certainly should reward the paid staff for growing the company. But they went overboard here, and instead of seeing the net increase in proportion to revenue, they tranfered money from ICC’s coffers to certain employees’ bank accounts.

Ain’t it cool?

What are the dynamics of the new revenue secured? One time, ongoing, or exponential? Without this information it is challenging to state if a one-time bonus to an employee was a good investment for securing the new revenue.

 

[bill1952]

I heard - a rumor - that several years ago finances were bad and staff was asked to take a cut in salaries. If that's true, the bonuses may be justified. Just saying, sometimes a long view is necessary.

 

[Mark K]

Think of the ICC as a business controlled by the management team that focuses on creating income streams for the benefit of management.

Yes there are "members" but from ICC's perspective they exist to support claims of legitimacy

My sense is that professional dues paid by engineers, and I believe architects, are higher than dues paid by "members" of ICC. Thus the management is more beholding to other sources of income such as holders of evaluation reports.