International Copper Association

What it reported doing in 2024

International copper association's 34 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, beijing and shanghai. The organization's programs and initiatives are executed in more than 14 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.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -4.7%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 0.5; rating input score 16; 16th percentile among comparable filings
• Liabilities to assets ratio: 0.36; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: 8.3%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: -6.2% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -9.1% per year; rating input score 0; 1st percentile among comparable filings