Tax return unveils compensation, legal costs.
ICANN just published its FY 2012 tax return online (pdf). The form tax return covers the year ending June 30, 2012.
Much of the information, including financials, had previously been published by ICANN on its web site, so there’s not much new there.
What may be most interesting is the latest compensation information for ICANN’s high ranking and top paid employees. I count 17 positions earning $200,000 or more in reportable compensation.
ICANN publishes its compensation policy each year, and states:
ICANN’s overall compensation philosophy is to target compensation between the 50th and 75th percentile of the market, to attract and retain the right staff. The driving element of this philosophy is that ICANN’s compensation is market-based.
What has always surprised me about ICANN’s compensation is the generous retirement benefits. ICANN contributes 5% of each employee’s salary to the plan regardless of employee contributions. ICANN also matches employee contributions up to 10% of the employee’s annual salary.
I’m not sure what type of companies they’re benchmarking against that provide such contributions to retirement. I think only the biggest companies are doing any sort of matching contributions these days, and non-matching contributions seem unheard of.
Also disclosed in the report was that ICANN paid law firm Jones Day $1.9 million in FY 2012. I bet that number is higher in FY 2013 — or will be higher in FY 2014.