Executive Compensation at the American Investment Council
The American Investment Council (AIC) is a very small tax-exempt, non-profit 501 (c) 3 “lobbying, advocacy, and research organization” based in Washington, DC and governed by 18 voting members (17 of whom are independent) of its governing body. 15 of the 18 (83%) are male while 3 of the 18 (17%) are female.
AIC reports about $13 million in revenue annually, primarily from membership dues. Expenses total nearly $13 million with most revenue spent on two items: compensation ($6 million) and fees to public and government affairs consultants and lobbyists ($5 million).
14 employees received nearly $6 million in compensation with the five (5) most highly compensated reported to be:
- $1,931,453: Drew Maloney
- $ 963,817: Jason Mulvihill
- $ 548,764: Bradley Bailey
- $ 436,920: Emily Schillinger
- $ 305,257: Michael Lukso
As illustrated above, the five most highly compensated employees received $4 million in compensation. In other words, 36% of the employees received 67% of the compensation.
AIC paid for first class or charter travel.
11 independent contractors received more than $100,000 in compensation with the five (5) most highly compensated reported to be:
- $720,500: Project Applecart, LLC, of New York, NY for public affairs
- $600,000: Plus Communications, LLC, of Arlington, VA for public affairs
- $363,520: Debevoise and Plimpton, LLC, of Arlington, VA for government affairs
- $330,000: Targeted Victory, LLC, of Arlington, VA for public affairs
- $300,000: Capital Tax Partners, of Washington DC for government affairs
As illustrated above, most independent contracting was for public and government affairs.
The bottom line is that AIC is a small lobbying organization who relies on membership dues (yet, the organization is a 501 (c) 3 and not a trade association) to pay the nearly $2 million compensation to Drew Maloney and an additional $2 million to four other employees, and the nearly $5 million in fees to public and government affairs consultants.
To read the IRS Form 990 (2019), click here.
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