2024-11-06T09:34:43-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 131854667 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC INTE 6467283607 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 SEAN KRON CFO 6467283607 2024-08-26 1 0 PAULA VUKSIC P00360739 9732180500 2024-04-01 2023 2024-10-15 13:58:12Z ICSC SEAN KRON 1251 AVENUE OF AMERICAS 45TH FL NEW YORK NY 10020 67331501 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. 68 68 118 1187 153313 0 0 0 48694237 55887973 1685571 2400793 -33496 64652 50346312 58353418 8649 113471 0 0 20786460 24412398 0 0 0 33407673 32609628 54202782 57135497 -3856470 1217921 167897183 178869072 76453329 77473329 91443854 101395743 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 24,130 ATTENDEES AT THE EVENT IN LAS VEGAS AND 7,424 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 2,516 ATTENDEES TO THESE OTHER NATIONAL EVENTS HELD DURING 2023. 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 30,160 ATTENDEES TO THE REGIONAL MEETINGS AND CONFERENCES AND LOCAL PROGRAM EVENTS HELD DURING 2023. WEBINAR TOPICS RELATE TO SHOPPING CENTER SITE LOCATIONS AND SELECTION, MANAGEMENT AND OPERATION, AND PROMOTION AND ADVERTISING. THERE WERE 7,453 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 86 0 1 118 1 1 1 1 CA 0 0 0 0 1 0 X 68 68 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 JAMES TAYLOR VICE CHAIR 1.00 X X 0 0 0 JOHN MORRISON PAST 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 BRIAN ROSS 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 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 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 JEFFREY EDISON BOARD MEMBER 1.00 X 0 0 0 JENNY CHANG MCMULLEN 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 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 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 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 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 2752979 0 852460 LESLEY CAMPBELL SR. VP & GENERAL COUNSEL 35.00 1.00 X 401364 0 50440 SEAN KRON CFO, TREASURER 35.00 1.00 X 459685 0 56935 VALERIE RICHARDSON CHIEF OPERATING OFFICER 35.00 X 1122701 0 37249 KRISTIN LOGSDON SR. VP, COMM, MARKETING, P 35.00 X 499652 0 68741 BETSY LAIRD SR. VP, GLOBAL PUBLIC POLI 35.00 X 494688 0 83960 MALACHY KAVANAGH EVP, GLOBAL & CORP DEVELOP 35.00 X 506457 0 83960 BONNIE ARCHAMPONG CHIEF INFORMATION OFFICER 35.00 X 427847 0 36674 6665373 0 1270419 54 0 1 0 1251 AMERICAS ASSOCIATES II LP 1251 AVENUE OF THE AMERICASSUITE 8 NEW YORK NY 10020 REAL ESTATE SERVICES 3553534 MARXPRO LTD 4151 W LINDBERGH WAY CHANDLER AZ 85226 EVENT & PRODUCTION 1374355 REALTORS PROPERTY RESOURCE 430 N MICHIGAN AVE CHICAGO IL 60611 SOFTWARE SUBSCRIPTION 1200703 MARRIOTT INTERNATIONAL DBA JW MARRIOTT 5350 E MARRIOTT DR PHOENIX AZ 32821 EVENT & PRODUCTION 1187713 LAS VEGAS CONVENTION AND VISITORS AUTHOR 3150 PARADISE ROAD LAS VEGAS NV 89109 EVENT & PRODUCTION 1066222 49 CONVENTIONS 900099 47928876 47928876 MEMBERSHIP DUES 900099 7771834 7771834 ADVERTISING AND PUBLICATIONS 320947 187263 54678 132585 55887973 2944132 2944132 23000 20728 2272 8434744 8978083 -543339 -543339 -543339 FOREIGN CURRENCY EXCHANGE GAIN/LO 900099 39718 39718 1934 1934 41652 58353418 55755388 153313 2444717 113471 4573862 15796291 1020089 1839898 1182258 160032 355125 1228600 301343 4983457 910590 427341 933285 3086 3947843 882606 2952301 2195397 821585 FOOD/BEVERAGE 4927638 VENUE EXPENSE 2709876 ON-SITE PROGRAM EXPENSE 1955286 CREDIT CARD FEES 1519468 1394769 57135497 10834932 13469720 2608843 2362569 2147003 2689522 23076947 13350812 11287905 9726135 93648495 108835938 13724327 10927874 33645678 30857314 167897183 178869072 6635680 6296819 5657339 6458788 64160310 64717722 76453329 77473329 X 90774267 101395743 669587 0 91443854 101395743 167897183 178869072 X 1217921 9235710 -501742 X 0 1 X 1 0 0 0 1 7771834 902299 2298895 3201194 940391 2260803 SCHEDULE C, PART III-B, LINE 4: LOBBYING COSTS DECREASED FROM $1,147,935 IN 2022 TO $902,299 IN 2023. COMPARED TO DUES, ASSESSMENTS AND SIMILAR AMOUNTS FROM MEMBERS IN 2023 AND 2022 ($7,771,834 AND $4,541,645, RESPECTIVELY), THE LOBBYING COSTS PERCENTAGE RATIO DECREASED TO 12% IN 2023 FROM 25% IN 2022. 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. 0 8328293 2349103 5979190 11739958 8250317 3489641 3008696 2751392 257304 9726135 REAL ESTATE FUND 10927874 F 10927874 RIGHT OF USE ASSET 30707312 ADVANCES/DEPOSITS 149613 DUE FROM AFFILIATES 389 30857314 ADVANCE REGISTRATIONS AND SUBSCRIPTIONS 13537122 EMPLOYEE RETIREMENT OBLIGATION 11952712 DUE TO AFFILIATES 79247 RIGHT OF USE LIABILITY 39148641 64717722 X PART X, LINE 2: 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, 2021. 1 NORTH AMERICA 0 2 PROGRAM SERVICES CONFERENCES & SEMINARS 860034 0 2 0 0 0 2 860034 0 860034 0 0 1 0 0 0 1 LSU FOUNDATION 3796 NICHOLSON DR BATON ROUGH LA 70802 726020969 501(C)(3) 100000 0 SUPPORT 1 PART I, LINE 2: NO MONITORING WAS CONDUCTED AFTER PAYMENTS WERE MADE. 1 X X X X X X 0 0 0 THOMAS MCGEE PRESIDENT & CEO 1098077 0 1650000 0 4902 0 811431 0 41029 0 3605439 0 0 0 VALERIE RICHARDSON CHIEF OPERATING OFFICER 723223 0 385000 0 14478 0 23100 0 14149 0 1159950 0 0 0 MALACHY KAVANAGH EVP, GLOBAL & CORP DEVELOP 398933 0 100000 0 7524 0 49500 0 34460 0 590417 0 0 0 BETSY LAIRD SR. VP, GLOBAL PUBLIC POLI 401164 0 86000 0 7524 0 49500 0 34460 0 578648 0 0 0 KRISTIN LOGSDON SR. VP, COMM, MARKETING, P 402030 0 95000 0 2622 0 36300 0 32441 0 568393 0 0 0 SEAN KRON CFO, TREASURER 372063 0 85000 0 2622 0 23100 0 33835 0 516620 0 0 0 BONNIE ARCHAMPONG CHIEF INFORMATION OFFICER 346707 0 80000 0 1140 0 23100 0 13574 0 464521 0 0 0 LESLEY CAMPBELL SR. VP & GENERAL COUNSEL 330224 0 70000 0 1140 0 17946 0 32494 0 451804 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ICSC'S BOARD IS COMPRISED OF REAL ESTATE INDUSTRY PROFESSIONALS AND IT IS ASSUMED THAT DIRECTORS MAY HAVE BUSINESS RELATIONSHIPS WITH OTHER DIRECTORS. THEY ARE REQUIRED TO DISCLOSE THESE RELATIONSHIPS IF THEY ARE A CONFLICT OF INTEREST IN RELATION TO SERVING ON THE ICSC BOARD. 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 TAX PREPARER 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. 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 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 -616,939. TRANSFER FROM TAX EXEMPT AFFILIATE 115,197. 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 PAC 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 1 INTERNATIONAL COUNCIL OF SHOPPING CTRS FOUNDATION N 776331 SHARED SERVICES INTERNATIONAL COUNCIL OF SHOPPING CTRS FOUNDATION O 998680 COST