INTERNATIONAL COPPER ASSOCIATION LTD

EIN: 131926775

MCLEAN, VA

Total Revenue
$33,381,954
Total Expenses
$36,789,214
Total Assets
$17,646,026
Net Assets
$11,274,348
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NY
Principal Officer
JUAN IGNACIO DIAZ
Phone
2122517214
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL COPPER ASSOCIATION LTD, founded in 1959, is a mid-sized nonprofit that reported $33.4M in total revenue in fiscal year 2023. Expenses of $36.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

ADVANCE COPPER AS THE MATERIAL OF CHOICE FOR CURRENT MARKETS AND NEW APPLICATIONS GIVEN ITS SUPERIOR ATTRIBUTES IN TERMS OF TECHNICAL PERFORMANCE, AESTHETIC VALUE, SUSTAINABILITY, ESSENTIALITY FOR LIFE, AND ITS CONTRIBUTIONS TO A HIGHER STANDARD OF LIVING.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,452,773
Program Service Revenue $0
Investment Income $158,474
Other Revenue $770,707
TOTAL REVENUE $33,381,954

Expense Breakdown

Grants Paid $340,000
Salaries & Benefits $11,066,632
Fundraising Expenses $0
Program Expenses $0
Other Expenses $25,382,582
TOTAL EXPENSES $36,789,214

Year-over-Year Comparison

2023 2022 Change
Revenue $33,381,954 $33,233,606 +0.0%
Expenses $36,789,214 $31,936,638 +0.2%
Net Income $-3,407,260 $1,296,968 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
12
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,292,973
Total Directors
0
$0
Key Employees
1
$351,598
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony C Lea President 35.0
Officer
$779,641 $101,036 $880,677
Steven L Kukoda VP, Executive Dir. and Sec. 35.0
Officer
$335,999 $76,297 $412,296
Emile Zen Dir. of Admin. and Finance 35.0
Key Emp
$261,145 $90,453 $351,598
F Louise Assem Director, Material Stewardship 35.0
Highest
$265,032 $43,500 $308,532
Nicole Witoslawski Dir., public affairs & comm 35.0
Highest
$196,984 $77,631 $274,615
Esther Done Administration Manager 35.0
Highest
$128,570 $35,474 $164,044
Gabrielle Peterson Snr. Mgr, Public affairs & com 35.0
Highest
$122,924 $34,690 $157,614
Teck Resources Ltd chairman 1.0
$0 $0 $0
Anglo American Copper Director 1.0
$0 $0 $0
Antofagasta Minerals S A Director 1.0
$0 $0 $0
Aurubis AG Director 1.0
$0 $0 $0
BHP BILLITON PLC MINERA director 1.0
$0 $0 $0
BOLIDEN AB Director 1.0
$0 $0 $0
CODELCO-CHILE Director 1.0
$0 $0 $0
COMPANIA MINERA DONA INES Director 1.0
$0 $0 $0
FREEPORT MCMORAN COPPER GOL Director 1.0
$0 $0 $0
GLENCORE Director 1.0
$0 $0 $0
IVANHOE MINES Director (EFF. 1/2023) 1.0
$0 $0 $0
JX NIPPON MINING METALS Director 1.0
$0 $0 $0
KGHM POLSKA MIEDZ SA Director 1.0
$0 $0 $0
LS-MNM INC Director 1.0
$0 $0 $0
Metso Outotec Oyj Director 1.0
$0 $0 $0
MEXICANA DE COBRE Director 1.0
$0 $0 $0
MINERA ANTAMINA SA Director 1.0
$0 $0 $0
MITSUBISHI MATERIALS CORP Director 1.0
$0 $0 $0
RIO TINTO KENNECOTT Director 1.0
$0 $0 $0
SOUTHERN COPPER CORPORATION DIRECTOR 1.0
$0 $0 $0
Sumitomo Metal Mining DIRECTOR 1.0
$0 $0 $0
VALE INTERNATIONAL SA DIRECTOR 1.0
$0 $0 $0
Amy D'Agostino Assistant Secretary 1.0
Officer
$0 $0 $0
Laurent C Datou Vice President, Public Affairs 1.0
Officer
$0 $0 $0
Geraud Servin Vice President, Strategy 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $33,381,954 $36,789,214 $17,646,026 $-3,407,260
2022 $33,233,606 $31,936,638 $20,734,137 $1,296,968
2021 $33,951,443 $32,083,974 $20,364,704 $1,867,469
2020 $15,383,660 $28,039,818 $17,878,492 $-12,656,158
2019 $55,547,510 $39,982,723 $34,554,168 $15,564,787
2018 $44,275,693 $48,520,981 $24,035,064 $-4,245,288
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