2023-11-02T18:57:35-05:00 2022-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 290 W MT PLEASANT AVENUE 3310 LIVINGSTON NJ 07039 990 2022-01-01 131854667 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC INTE 6467283607 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 SEAN KRON CFO 6467283607 2023-11-15 1 SEAN KRON 999009999 0 PAULA VUKSIC P00360739 9732180500 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ICSC SEAN KRON 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 91733330 0 X WWW.ICSC.COM X 1957 IL PROMOTE AND IMPROVE THE CONDITIONS OF THE MARKETPLACES INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION. 81 81 138 1205 197548 0 1926863 0 9586994 48694237 3741505 1685571 37344 -33496 15292706 50346312 11500 8649 0 0 17135639 20786460 0 0 0 20288609 33407673 37435748 54202782 -22143042 -3856470 167282013 167897183 56434734 76453329 110847279 91443854 X THE PURPOSE OF ICSC IS TO SERVE ITS MEMBERS BY OFFERING AND DELIVERING PROGRAMS AND SERVICES AND ADVOCATING FOR AND PROMOTING THE MARKETPLACE INDUSTRY WITH THE GENERAL PUBLIC AND RELEVANT GOVERNMENTAL BODIES. ICSC SHALL ALSO HAVE SUCH POWERS TO DO EVERYTHING NECESSARY, SUITABLE OR PROPER, AT ANY TIME OR PLACE, FOR THE ACCOMPLISHMENT OF ANY OF THE PURPOSES ENUMERATED OR EXPEDIENT TO THE INTEREST OR BENEFIT OF ICSC AND ITS MEMBERS. 0 0 THE TWO BIGGEST ANNUAL CONVENTIONS ARE HELD IN LAS VEGAS, NEVADA IN MAY, AND NEW YORK CITY, NEW YORK IN DECEMBER. THESE CONVENTIONS PROVIDE A FORUM FOR INDUSTRY MEMBERS TO NETWORK, MAKE LEASING DEALS AND LEARN ABOUT INDUSTRY RELATED TOPICS. THERE ARE ALSO INDUSTRY RELATED EXHIBITIONS AT THESE CONVENTIONS. THERE WERE 22,327 ATTENDEES AT THE EVENT IN LAS VEGAS AND 7,501 ATTENDEES AT THE NEW YORK EVENT. IN ADDITION TO THE TWO BIGGEST ANNUAL CONVENTIONS, THERE WERE ALSO OTHER NATIONAL EVENTS HELD THROUGHOUT THE U.S. PARTICIPANTS TO THESE EVENTS ALSO GET THE OPPORTUNITY TO ATTEND INDUSTRY RELATED EXHIBITIONS AND INSTRUCTIONAL SESSIONS, ATTEND PANEL DISCUSSIONS, AS WELL AS EXCHANGE IDEAS AND EXPERIENCES WITH OTHER PARTICIPANTS. THERE WERE 2,734 ATTENDEES TO THESE OTHER NATIONAL EVENTS HELD DURING 2022. REGIONAL MEETINGS AND CONFERENCES AND LOCAL PROGRAMS PROVIDE AN OPPORTUNITY FOR LOCAL PARTICIPANTS TO ATTEND INSTRUCTIONAL LECTURES AND EXCHANGE IDEAS ON VARIOUS INDUSTRY RELATED TOPICS. THESE MEETINGS ALSO PROVIDE OPPORTUNITIES TO DISCUSS AND NEGOTIATE NEW LEASE OPPORTUNITIES. THERE WERE 26,549 ATTENDEES TO THE REGIONAL MEETINGS AND CONFERENCES AND LOCAL PROGRAM EVENTS HELD DURING 2022. WITH IN PERSON EDUCATIONAL SEMINARS BEGINNING TO RETURN THROUGHOUT 2022, EDUCATIONAL WEBINARS DECREASED. THE SUJECT MATTER OF THE WEBINARS RELATES TO SHOPPING CENTER SITE LOCATIONS AND SELECTION, MANAGEMENT AND OPERATION, AND PROMOTION AND ADVERTISING. THERE WERE 6,884 ATTENDEES AT OUR VARIOUS WEBINARS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 79 0 1 138 1 1 1 1 CA 0 0 0 0 0 0 1 0 X 81 81 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X SEAN KRON 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 GLENN RUFRANO CHAIRMAN 1.00 X X 0 0 0 JOHN MORRISON PAST CHAIRMAN 1.00 X X 0 0 0 PATRICK DONAHUE VICE CHAIRMAN 1.00 X X 0 0 0 ALEX NYHAN BOARD MEMBER 1.00 X 0 0 0 ALISON HALLBERG BOARD MEMBER 1.00 X 0 0 0 ANDREA DRASITES BOARD MEMBER 1.00 X 0 0 0 ANGELE ROBINSON-GAYLORD BOARD MEMBER 1.00 X 0 0 0 ANTHONY BUONO BOARD MEMBER 1.00 X 0 0 0 BENJAMIN SCHALL BOARD MEMBER 1.00 X 0 0 0 BOB DAKE BOARD MEMBER 1.00 X 0 0 0 BRIAN ROSS BOARD MEMBER 1.00 X 0 0 0 CARREN COSTON BOARD MEMBER 1.00 X 0 0 0 CHARLES DIGIOVANNA BOARD MEMBER 1.00 X 0 0 0 CHRIS JOHNSON BOARD MEMBER 1.00 X 0 0 0 CHRIS NOBLE BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER HOFFMANN BOARD MEMBER 1.00 X 0 0 0 CLAUDE SIROIS BOARD MEMBER 1.00 X 0 0 0 CONOR FLYNN BOARD MEMBER 1.00 X 0 0 0 DANA TELSEY BOARD MEMBER 1.00 X 0 0 0 DANIEL KATZ BOARD MEMBER 1.00 X 0 0 0 DAVID KRUEGER BOARD MEMBER 1.00 X 0 0 0 DAVON BARBOUR BOARD MEMBER 1.00 X 0 0 0 EVE SEMBLER BOARD MEMBER 1.00 X 0 0 0 FERNANDO DE PEA IVER BOARD MEMBER 1.00 X 0 0 0 GEORGE DRUMMEY BOARD MEMBER 1.00 X 0 0 0 GRANT GUIDINGER BOARD MEMBER 1.00 X 0 0 0 HESSAM NADJI BOARD MEMBER 1.00 X 0 0 0 IVY GREANER BOARD MEMBER 1.00 X 0 0 0 JAAP TONCKENS BOARD MEMBER 1.00 X 0 0 0 JAMES TAYLOR BOARD MEMBER 1.00 X 0 0 0 JEFFREY EDISON BOARD MEMBER 1.00 X 0 0 0 JEFFREY BAYER BOARD MEMBER 1.00 X 0 0 0 JEFFREY ZIDEL BOARD MEMBER 1.00 X 0 0 0 JENNY CHANG BOARD MEMBER 1.00 X 0 0 0 JODIE MCLEAN BOARD MEMBER 1.00 X 0 0 0 JOE BRADY BOARD MEMBER 1.00 X 0 0 0 JOHN DOLSON BOARD MEMBER 1.00 X 0 0 0 JOHN KITE BOARD MEMBER 1.00 X 0 0 0 JOHN MULLEADY BOARD MEMBER 1.00 X 0 0 0 JOHN JP SUAREZ BOARD MEMBER 1.00 X 0 0 0 JONATHAN SIEGEL BOARD MEMBER 1.00 X 0 0 0 JORDAN FRIED BOARD MEMBER 1.00 X 0 0 0 JOSEPH TICHAR BOARD MEMBER 1.00 X 0 0 0 JOSHUA SIMON BOARD MEMBER 1.00 X 0 0 0 KAREN JANES BOARD MEMBER 1.00 X 0 0 0 KENTON MCKEEHAN BOARD MEMBER 1.00 X 0 0 0 LACY BEASLEY BOARD MEMBER 1.00 X 0 0 0 LAURIE MAHOWALD BOARD MEMBER 1.00 X 0 0 0 LAUREN ROBINSON BOARD MEMBER 1.00 X 0 0 0 LUKE PETHERBRIDGE BOARD MEMBER 1.00 X 0 0 0 MANUEL MARTIN BOARD MEMBER 1.00 X 0 0 0 MARK SCHURGIN BOARD MEMBER 1.00 X 0 0 0 MARK MCDONALD BOARD MEMBER 1.00 X 0 0 0 MARK TORO BOARD MEMBER 1.00 X 0 0 0 MARTIN MAYER BOARD MEMBER 1.00 X 0 0 0 MATTHEW RYAN BOARD MEMBER 1.00 X 0 0 0 MELVIN MANCE BOARD MEMBER 1.00 X 0 0 0 MICHAEL MIKE SHANAHAN BOARD MEMBER 1.00 X 0 0 0 NICK HODGE BOARD MEMBER 1.00 X 0 0 0 NICOLE SHIMAN BOARD MEMBER 1.00 X 0 0 0 NOAM BEN-ZVI BOARD MEMBER 1.00 X 0 0 0 PARHAM PJ JAVAHERI BOARD MEMBER 1.00 X 0 0 0 PAUL HILLIARD BOARD MEMBER 1.00 X 0 0 0 ROBERT BOB WHELAN BOARD MEMBER 1.00 X 0 0 0 ROBIN ZEIGLER BOARD MEMBER 1.00 X 0 0 0 SALVATORE IACONO BOARD MEMBER 1.00 X 0 0 0 SCOTT EISEN BOARD MEMBER 1.00 X 0 0 0 SCOTT MCPHERSON BOARD MEMBER 1.00 X 0 0 0 SCOTT CARR BOARD MEMBER 1.00 X 0 0 0 SHANNON LETTS BOARD MEMBER 1.00 X 0 0 0 STEPHEN YALOF BOARD MEMBER 1.00 X 0 0 0 STEVE COGAN BOARD MEMBER 1.00 X 0 0 0 STEVE ROUMAN BOARD MEMBER 1.00 X 0 0 0 TABASSUM ZALOTRAWALA BOARD MEMBER 1.00 X 0 0 0 TERRENCE MAIDEN BOARD MEMBER 1.00 X 0 0 0 THEODORE TED FRUMKIN BOARD MEMBER 1.00 X 0 0 0 THOMAS BOLEN III BOARD MEMBER 1.00 X 0 0 0 WENDY SEHER BOARD MEMBER 1.00 X 0 0 0 WHITNEY LIVINGSTON BOARD MEMBER 1.00 X 0 0 0 WYNN SPENCER BOARD MEMBER 1.00 X 0 0 0 ZACH MINTEER BOARD MEMBER 1.00 X 0 0 0 THOMAS MCGEE PRESIDENT & CEO 35.00 1.00 X 2524902 0 833917 LESLEY CAMPBELL SR. VP & GENERAL COUNSEL 35.00 1.00 X 387334 0 39584 SEAN KRON CFO, TREASURER 35.00 1.00 X 435043 0 40303 VALERIE RICHARDSON CHIEF OPERATING OFFICER 35.00 X 1090206 0 26087 KRISTIN LOGSDON SR. VP, COMM, MARKETING, PUB. 35.00 X 477080 0 52606 BETSY LAIRD SR. VP, GLOBAL PUBLIC POLICY 35.00 X 476955 0 70286 MALACHY KAVANAGH EVP, GLOBAL & CORP DEVELOPMENT 35.00 X 472795 0 70286 BONNIE ARCHAMPONG CHIEF INFORMATION OFFICER & SENIOR VP 35.00 X 405837 0 25521 6270152 0 1158590 47 0 1 0 1251 AMERICAS ASSOCIATES II LP 1251 AVENUE OF THE AMERICASSUITE 8 NEW YORK NY 10020 REAL ESTATE SERVICES 3827758 LAS VEGAS CONVENTION AND VISITORS AUTHOR 3150 PARADISE ROAD LAS VEGAS NV 89109 EVENT & PRODUCTION 1411941 MARXPRO LTD 4151 W LINDBERGH WAY CHANDLER AZ 85226 EVENT & PRODUCTION 1346712 WYNN LAS VEGAS 3131 LAS VEGAS BLVD LAS VEGAS NV 89109 EVENT & PRODUCTION 1332889 VISIONET SYSTEMS INC 4 CEDARBROOK DRIVEBUILDING B CRANBURY NJ 085123641 TECHNOLOGY SOLUTIONS AND BUSINESS PROCES 913721 47 CONVENTIONS 900099 43956457 43956457 MEMBERSHIP DUES 900099 4541645 4541645 ADVERTISING AND PUBLICATIONS 320947 196135 16719 179416 48694237 2642293 2642293 20281 18132 2149 40430296 41387018 -956722 -956722 -956722 MISCELLANEOUS REVENUE 900099 2934 2934 FOREIGN CURRENCY EXCHANGE GAIN/LO 900099 -56711 -56711 -53777 50346312 48514821 197548 1633943 8649 4261083 12947518 859199 1723023 995637 116258 371159 1245513 393610 1735414 1740799 229556 2258040 2830 4359664 941366 3913354 507080 2463871 751780 FOOD/BEVERAGE 4297554 ON-SITE PROGRAM EXPENSE 2706576 VENUE EXPENSE 2646027 CREDIT CARD FEES 1397501 1329721 54202782 6377194 10834932 355960 2608843 1302393 2147003 22443320 11155415 13340668 11287905 127789014 90956969 16593953 13724327 1522831 36337204 167282013 167897183 4376084 6635680 10842576 5657339 22253613 0 18962461 64160310 56434734 76453329 X 110253533 90774267 593746 669587 110847279 91443854 167282013 167897183 X -3856470 -15444080 -102875 X 0 1 X 1 0 0 0 1 4541645 1147935 1700499 2848434 549539 2298895 SCHEDULE C, PART III-B, LINE 4: LOBBYING COSTS INCREASED FROM $994,771 IN 2021 TO $1,147,935 IN 2022. COMPARED TO DUES, ASSESSMENTS AND SIMILAR AMOUNTS FROM MEMBERS IN 2022 AND 2021 ($4,541,645 AND $2,697,726, RESPECTIVELY), THE LOBBYING COSTS PERCENTAGE RATIO DECREASED TO 25% IN 2022 FROM 36% IN 2021. THE ORGANIZATION WILL UPDATE THE PERCENTAGE RATIO DISCLOSED AS NONDEDUCTIBLE IN ITS MEMBERSHIP AND RENEWAL NOTICES WITH THE GOAL OF REDUCING THE CARRYOVER NONDEDUCTIBLE LOBBYING EXPENDITURE AMOUNT REFLECTED IN SCHEDULE C, PART III-B, LINE 4 8291851 1795996 6495855 11109346 6902507 4206839 3042123 2456912 585211 11287905 INVESTMENTS-UBS TRUMBULL-7413 13724327 C 13724327 OTHER ASSETS 1443419 RIGHT OF USE ASSET 31992024 ADVANCES/DEPOSITS 74509 DUE FROM AFFILIATES 135726 INVESTMENT 457(B) & SERP. PLAN 2691526 36337204 ADVANCE REGISTRATIONS AND SUBSCRIPTIONS 12871071 EMPLOYEE RETIREMENT OBLIGATION 10433919 DUE TO AFFILIATES 62967 RIGHT OF USE LIABILITY 40792353 64160310 X PART X, LINE 2: ICSC IS A PROFESSIONAL ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE CODE, EXCEPT FOR IMMATERIAL AMOUNTS OF INCOME CONSIDERED BY THE INTERNAL REVENUE SERVICE ("IRS") TO BE UNRELATED BUSINESS TAXABLE INCOME, FOR WHICH INCOME TAXES HAVE BEEN PROVIDED. MANAGEMENT HAS EVALUATED ICSC'S TAX POSITIONS AND HAS CONCLUDED THAT ICSC HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. ICSC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS.ICSC BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO THE CALENDAR YEAR END DECEMBER 31, 2019. 1 NORTH AMERICA 0 2 PROGRAM SERVICES CONFERENCES & SEMINARS 932045 0 0 0 0 0 0 932045 0 932045 0 0 1 0 0 0 PART III ACCOUNTING METHOD: X X X 1 1 X X X X X X 0 0 0 THOMAS MCGEE PRESIDENT & CEO 1050000 0 1470000 0 4902 0 793662 0 40255 0 3358819 0 0 0 VALERIE RICHARDSON CHIEF OPERATING OFFICER 697682 0 385000 0 7524 0 12200 0 13887 0 1116293 0 0 0 BETSY LAIRD SR. VP, GLOBAL PUBLIC POLICY 383431 0 86000 0 7524 0 36600 0 33686 0 547241 0 0 0 MALACHY KAVANAGH EVP, GLOBAL & CORP DEVELOPMENT 377893 0 90000 0 4902 0 36600 0 33686 0 543081 0 0 0 KRISTIN LOGSDON SR. VP, COMM, MARKETING, PUB. 384458 0 90000 0 2622 0 20791 0 31815 0 529686 0 0 0 SEAN KRON CFO, TREASURER 352421 0 80000 0 2622 0 7242 0 33061 0 475346 0 0 0 BONNIE ARCHAMPONG CHIEF INFORMATION OFFICER & SENIOR V 330697 0 74000 0 1140 0 12200 0 13321 0 431358 0 0 0 LESLEY CAMPBELL SR. VP & GENERAL COUNSEL 316308 0 70000 0 1026 0 7769 0 31815 0 426918 0 0 0 PART I, LINE 1A: THE CEO IS ENTITLED TO REIMBURSEMENT OF MEMBERSHIP DUES AT A HEALTH CLUB, FIRST & BUSINESS CLASS TRAVEL AND SPOUSAL TRAVEL WHEN TRAVELING ON ICSC BUSINESS. THESE BENEFITS WERE NOT TREATED AS TAXABLE COMPENSATION TO THE CEO IN 2022. FORM 990, PART VI, SECTION A, LINE 2 TWO OR MORE PERSONS LISTED IN THIS FORM 990 PART VII HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BY VIRTUE OF CONCURRENTLY SERVING ON ONE OR MORE BOARDS OF DIRECTORS/TRUSTEES OR BY SERVING IN AN EMPLOYMENT RELATIONSHIP ON ONE OR MORE ENTITIES WITHIN THE ICSC AFFILIATES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBER ORGANIZATION OF THOSE INTERESTED IN THE RETAIL REAL ESTATE INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A THE PROCESS FOR NOMINATING AND APPOINTING THE INTERNATIONAL COUNCIL OF SHOPPING CENTER'S BOARD OF TRUSTEES IS ENUMERATED IN THE ORGANIZATION'S BYLAWS. NOMINEES TO THE BOARD ARE SELECTED BY A NOMINATING COMMITTEE OF THE BOARD OF TRUSTEES. THOSE NOMINEES ARE THEN REVIEWED AND ULTIMATELY ELECTED BY THE DELEGATE MEMBERS OF REGULAR COMPANY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S AUDIT FIRM PROVIDES THE ORGANIZATION WITH A DRAFT OF THE FORM 990. THE FORM IS REVIEWED BY THE PRESIDENT, GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER AND SUBSEQUENTLY REVIEWED WITH THE AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF ICSC IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS (ICSC). ICSC MONITORS COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY TROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 ICSC'S EXECUTIVE COMPENSATION COMMITTEE DETERMINES AND RECOMMENDS THE CEO'S COMPENSATION TO ICSC'S EXECUTIVE BOARD FOR APPROVAL. COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE APPROVED CEO EMPLOYMENT CONTRACT AND CONSIDERS PERFORMANCE TO GOALS AS WELL AS COMPARABILITY DATA. THERE IS CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATIONS. ICSC'S PRESIDENT AND CEO ESTABLISHES THE ANNUAL COMPENSATION OF THE OTHER OFFICERS OF THE ORGANIZATION AND CONSIDERS PERFORMANCE RELATIVE TO GOALS AS WELL AS COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT CHANGES -102,875. INT'L COUNCIL OF SHOPPING CTRS FDN INC 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 133525440 EDUCATION NY 501(C)(3) 12 TYPE I ICSC 1 ICSC FOUNDATION CANADA 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 EDUCATION CA ICSC 1 INT'L COUNCIL OF SHOPPING CTRS PAC 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 133588529 PAC NY 527 ICSC 1 INT'L COUNCIL OF SHOPPING CTRS NON FED P 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 263851886 PAC NY 527 ICSC 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 ICSC PAC E 43765 COST ICSC NON FED PAC D 21196 COST INTERNATIONAL COUNCIL OF SHOPPING CTRS FOUNDATION D 114530 COST ICSC FOUNDATION CANADA E 19202 COST INTERNATIONAL COUNCIL OF SHOPPING CTRS FOUNDATION N 752158 SHARED SERVICES INTERNATIONAL COUNCIL OF SHOPPING CTRS FOUNDATION O 863500 COST