International Copper Association Ltd
- Assets
- $17.6m
- Revenue
- $33.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Mclean, VA
- Founding
- 12/1966
- Data as of
- 12/2023
- EIN
- 13-1926775
Organization Overview
International Copper Association Ltd is located in Mclean, VA. The organization was established in 1966. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2023, International Copper Association Ltd employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Copper Association Ltd is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, International Copper Association Ltd generated $33.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $36.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE USE OF COPPER WORLDWIDE BY SPONSORING AND MANAGING MARKET DEVELOPMENT AND TECHNOLOGICAL ACTIVITIES ON A GLOBAL BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL COPPER ASSOCIATION'S 30 MEMBER COMPANIES REPRESENT APPROXIMATELY 50 PERCENT OF THE WORLD'S REFINED COPPER OUTPUT AND ARE AMONG THE LARGEST COPPER PRODUCERS, COPPER ALLOY FABRICATORS, AND WIRE AND CABLE COMPANIES IN THE WORLD. THE ORGANIZATION IS RESPONSIBLE FOR GUIDING POLICY, STRATEGY, AND FUNDING INTERNATIONAL INITIATIVES AND PROMOTIONAL ACTIVITIES. HEADQUARTERED IN THE METROPOLITAN WASHINGTON, D.C., AREA, THE ORGANIZATION HAS REGIONAL OFFICES IN BRUSSELS, THE DISTRICT OF COLUMBIA, SANTIAGO, AND SHANGHAI. THE ORGANIZATION'S PROGRAMS AND INITIATIVES ARE EXECUTED IN MORE THAN 24 COUNTRIES THROUGH ITS SEVEN REGIONAL OFFICES AND COPPER PROMOTION CENTERS. PROGRAMS TO ACCOMPLISH THE GOALS OF THE ORGANIZATION'S STRATEGIC PLAN ARE FOCUSED ON COPPER'S MAJOR END USES. THESE INCLUDE WIRE AND CABLE FOR THE TRANSMISSION OF POWER AND INFORMATION, PLUMBING SYSTEMS FOR POTABLE WATER, MANUFACTURED PRODUCTS FOR ARCHITECTURAL AND INDUSTRIAL APPLICATIONS, SCIENTIFIC STUDIES REGARDING COPPER'S ROLE IN HUMAN HEALTH AND THE ENVIRONMENT, AND WORLDWIDE COMMUNICATIONS ABOUT THE BENEFITS OF COPPER. THE ORGANIZATION'S MISSION IS "TO PROMOTE THE USE OF COPPER BY COMMUNICATING THE UNIQUE ATTRIBUTES THAT MAKE THIS SUSTAINABLE ELEMENT AN ESSENTIAL CONTRIBUTOR TO THE FORMATION OF LIFE, TO ADVANCES IN SCIENCE AND TECHNOLOGY, AND TO A HIGHER STANDARD OF LIVING WORLDWIDE." THE ORGANIZATION WAS FORMED IN 1959 BY 24 OF THE WORLD'S LEADING PRIMARY COPPER PRODUCERS TO COORDINATE AND IMPROVE THE EFFECTIVENESS OF THE INTERNATIONAL MARKET DEVELOPMENT, RESEARCH, AND TECHNOLOGY ACTIVITIES OF THE INDUSTRY. THE ORGANIZATION EVOLVED FROM THE INTERNATIONAL COPPER RESEARCH ASSOCIATION (INCRA), ESTABLISHED IN 1962. EXPENSES: $36,789,214. GRANTS: $340,000. REVENUE: $0.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony C Lea President | Officer | 35 | $779,641 |
Steven L Kukoda Vp, Executive Dir. And Sec. | Officer | 35 | $335,999 |
Emile Zen Dir. Of Admin. And Finance | Officer | 35 | $261,145 |
F Louise Assem Director, Material Stewardship | 35 | $265,032 | |
Nicole Witoslawski Dir., Public Affairs & Comm | 35 | $196,984 | |
Esther Done Administration Manager | 35 | $128,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apco Worldwide Inc Public Affairs | 12/30/23 | $701,000 |
Alliance For Rural Electrification Project Management | 12/30/23 | $417,000 |
The Coulter Companies Admin. Support | 12/30/23 | $381,000 |
D'agostino Law Legal | 12/30/23 | $338,000 |
Resultados Y Exper Indust S De Rl Consulting | 12/30/23 | $250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,452,773 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,452,773 |
| Total Program Service Revenue | $0 |
| Investment income | $158,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,381,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $340,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,644,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,034,422 |
| Pension plan accruals and contributions | $150,820 |
| Other employee benefits | $122,601 |
| Payroll taxes | $114,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $339,336 |
| Fees for services: Accounting | $116,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,915,429 |
| Advertising and promotion | $0 |
| Office expenses | $106,892 |
| Information technology | $201,528 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $673,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $85,494 |
| All other expenses | $37,980 |
| Total functional expenses | $36,789,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,544,033 |
| Savings and temporary cash investments | $10,184,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,010,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,143,030 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764,015 |
| Total assets | $17,646,026 |
| Accounts payable and accrued expenses | $5,714,106 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $657,572 |
| Total liabilities | $6,371,678 |
| Net assets without donor restrictions | $11,247,348 |
| Net assets with donor restrictions | $27,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,646,026 |