2025-08-12T16:29:48-05:00 2024-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2024-01-01 133525440 INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC INTE 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 SEAN KRON CFO 6467283607 2025-08-11 1 1 MONIKA YADAV P01473820 9732180500 2024 2025-03-06 01:10:19Z SEAN KRON 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 2543190 0 X WWW.ICSC.ORG/FOUNDATION X 1989 NY DEDICATED TO DEVELOPING THE REAL ESTATE INDUSTRY'S NEXT GENERATION OF TALENT. 25 24 0 444 0 0 1624516 1254644 0 0 399886 1074138 0 0 2024402 2328782 620456 619430 0 0 0 0 0 0 19352 589772 786457 1210228 1405887 814174 922895 16432443 17811135 6423 170690 16426020 17640445 THE ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY RESPONSIVE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES. ITS FOCUS IS BUILDING A PIPELINE OF OUTSTANDING TALENT THAT CAN EXCEL IN THE INDUSTRY. 0 0 688089 550382 UNDERGRADUATE AND GRADUATE SCHOLARSHIP AWARDS:THE FOUNDATION PROVIDES UNDERGRADUATE AND GRADUATE SCHOLARSHIPS TO STUDENTS INTERESTED IN RETAIL REAL ESTATE. THESE SCHOLARSHIPS ARE OFFERED DIRECTLY BY THE FOUNDATION OR FUNDED THROUGH PARTNER UNIVERSITIES. GENERALLY, SCHOLARSHIPS COVER TUITION AND RELATED EXPENSES WITH SOME ADDITIONAL FUNDING TO COVER ATTENDANCE AT INDUSTRY EVENTS. 613777 69048 TALENT ENGAGEMENT INITIATIVES:THE ICSC FOUNDATION OFFERS STUDENT SUPPORT OUTSIDE OF ACADEMIC AND PROFESSIONAL EDUCATION SCHOLARSHIPS THROUGH ITS MENTORSHIP, INTERNSHIP AND UNIVERSITY PARTNERS PROGRAMS AS WELL AS EDUCATION AND NETWORKING EVENTS AT ICSC CONFERENCES. 1301866 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 87 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS ND NH NJ NY NM NC OR PA RI SC TN UT VA WI WV X SEAN D KRON 6467283607 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 GLENN RUFRANO CHAIR 1.00 1.00 X X 0 0 0 BRIAN FINNEGAN VICE CHAIR 1.00 0.00 X X 0 0 0 AMY HALL DIRECTOR 1.00 0.00 X 0 0 0 ANDREA DRASITES DIRECTOR 1.00 0.00 X 0 0 0 ANGELE ROBINSON-GAYLORD DIRECTOR 1.00 0.00 X 0 0 0 BRYAN LEY DIRECTOR 1.00 0.00 X 0 0 0 CARREN COSTON DIRECTOR 1.00 0.00 X 0 0 0 CHRIS HOFFMAN DIRECTOR 1.00 0.00 X 0 0 0 IVY GREANER DIRECTOR 1.00 0.00 X 0 0 0 JAMES MAURIN DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY EDISON DIRECTOR 1.00 35.00 X 0 0 0 JOSEPH TICHAR DIRECTOR 1.00 1.00 X 0 0 0 JOSH SIMON DIRECTOR 1.00 0.00 X 0 0 0 KAREN CASE DIRECTOR 1.00 0.00 X 0 0 0 LAURIE MAHOWALD DIRECTOR 1.00 0.00 X 0 0 0 LESLEY GIBSON DIRECTOR 1.00 0.00 X 0 0 0 MELVIN MANCE DIRECTOR 1.00 0.00 X 0 0 0 RACHEL ELIAS WEIN DIRECTOR 1.00 1.00 X 0 0 0 REGGIE LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 ROBERT WHELAN DIRECTOR 1.00 0.00 X 0 0 0 ROBIN ZEIGLER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCPHERSON DIRECTOR 1.00 0.00 X 0 0 0 STEVEN VITTORIO DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MCGEE DIRECTOR 1.00 35.00 X 0 2851056 834453 WHITNEY LIVINGSTON DIRECTOR 1.00 0.00 X 0 0 0 LAURI NOVICK PRESIDENT 35.00 1.00 X 0 450965 47041 SEAN KRON TREASURER 1.00 35.00 X 0 496215 58751 LESLEY CAMPBELL SECRETARY 1.00 35.00 X 0 422895 55892 0 4221131 996137 0 0 1 0 ARGUS SOFTWARE 10497 TOWN COUNTRY WAY SUITE 600 HOUSTON TX 77024 TRAINING FOR STUDENTS 134400 1 1254644 1254644 593426 593426 695120 214408 480712 480712 480712 2328782 0 0 1074138 X 464269 464269 155161 155161 10500 10500 49329 49329 308594 308594 36130 36130 6592 1912 4680 88190 88190 93692 92305 1387 6990 6661 329 VENUE EXPENSE 142586 109103 14131 19352 AUDIO, VISUAL & SIGNAGE 43632 39319 4313 DUES AND SUBSCRIPTIONS 222 222 1405887 1301866 84669 19352 1445149 1921905 1766926 1407724 59638 27100 13124768 14418617 35962 35789 16432443 17811135 6423 170690 6423 170690 X 11300036 12539150 5125984 5101295 16426020 17640445 16432443 17811135 922895 291530 0 X 0 1 X 1 0 X X 1 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC 131854667 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN (III): THE SUPPORTED ORGANIZATION, INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC.("ICSC") IS A 501(C)(6) ORGANIZATION. SCHEDULE A, PART IV, LINE 3B: ICSC FOUNDATION OBTAINED A COPY OF ICSC'S IRS DETERMINATION LETTER AND COMPLETES ANNUALLY A PRO FORMA SCHEDULE A, PART III, TO ENSURE ICSC MEETS THE 509(A)(2) PUBLIC SUPPORT TEST FOR ITS MOST RECENT TAX YEAR. ICSC FOUNDATION KEEPS THE LETTER AND SUPPORT CALCULATION IN FILES. SCHEDULE A, PART IV, LINE 3C: ICSC FOUNDATION DOES NOT PROVIDE MONETARY SUPPORT TO ICSC, BUT ICSC PROVIDES IN-KIND SUPPORT TO ICSC FOUNDATION. ICSC FOUNDATION IS THE PHILANTHROPIC ARM OF ICSC DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY. THREE OF THE OFFICER POSITIONS OF THE ICSC FOUNDATION BOARD ARE RESERVED FOR ICSC EMPLOYEES. AS SUCH IF ICSC FOUNDATION PROVIDES MONETARY SUPPORT TO ICSC, THE OVERLAPPING BOARD AND MANAGEMENT WILL CLOSELY MONITOR THE USE OF FUNDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 695111 100000 58171 15620 837662 615241 40000 51072 11202 695111 543460 150000 -54005 24214 615241 531253 32768 20561 543460 540320 10933 20000 531253 0.89535 0.10465 0 0 0 X 5003771 291530 2432788 2724318 2279453 49329 49329 2328782 3789346 2432788 2432788 1356558 49329 49329 1405887 PART V, LINE 4: ICSC FOUNDATION'S ENDOWMENT FUNDS ARE FUNDS THAT ARE EARMARKED FOR SCHOLARSHIPS OR GRANTS TO A STUDENT OR A UNIVERSITY. PART X, LINE 2: UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2024, THERE WERE NO EXAMINATIONS BEING PERFORMED. 1 FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION 11200 SW 8TH ST MIAMI FL 33199 237047106 501 (C) (3) 55000 0 SCHOLARSHIP RUTGERS UNIVERSITY FOUNDATION 335 GEORGE ST SUITE 4000 NEW BRUNSWICK NJ 08901 237318742 501 (C) (3) 50000 0 SCHOLARSHIP THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION CAMPUS BOX 3490 CHAPEL HILL NC 27599 560771850 501 (C) (3) 38000 0 SCHOLARSHIP UNIVERSITY OF CONNECTICUT 70 BATTERSON PARK ROAD FARMINGTON CT 06032 060772160 501 (C) (3) 26000 0 SCHOLARSHIP NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC 1801 FAYETTEVILLE ST DURHAM NC 27707 237410301 501 (C) (3) 25000 0 SCHOLARSHIP THE UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR STOP K5300 AUSTIN TX 78712 746000203 501 (C) (3) 20000 0 SCHOLARSHIP YALE UNIVERSITY PO BOX 208200 NEW HAVEN CT 06520 060646973 501 (C) (3) 12580 0 SCHOLARSHIP SOUTHERN METHODIST UNIVERSITY PO BOX 750333 COX SCHOOL OF BUSINESS DALLAS TX 75011 750800689 501 (C) (3) 12000 0 SCHOLARSHIP BARUCH COLLEGE 1 BERNARD BARUCH WAYBOX A-1603 NEW YORK NY 10010 237039817 501 (C) (3) 11333 0 SCHOLARSHIP ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY PO BOX 2260 TEMPE AZ 85280 866051042 501 (C) (3) 10526 0 SCHOLARSHIP UNIVERSITY OF WISCONSIN SYSTEM 333 EAST CAMPUS MALL 10501 MADISON WI 53715 391805963 501 (C) (3) 10000 0 SCHOLARSHIP THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 6823 ST CHARLES AVENUE NEW ORLEANS LA 70118 720423889 501 (C) (3) 10000 0 SCHOLARSHIP TEMPLE UNIVERSITY 115 CARNELL HALL 1803 N BROAD ST PHILADELPHIA PA 19122 231365971 501 (C) (3) 10000 0 SCHOLARSHIP CAL STATE FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVE SUITE 850 FULLERTON CA 92831 330567945 501 (C) (3) 10000 0 SCHOLARSHIP GEORGIA STATE UNIVERSITY 75 PIEDMONT AVE SUITE 1200 ATLANTA GA 30303 586002050 501 (C) (3) 10000 0 SCHOLARSHIP PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY 1033 MASSACHUSETTS AVE 3RD FL CAMBRIDGE MA 02138 042103580 501 (C) (3) 10000 0 SCHOLARSHIP UNIVERSITY OF SOUTHERN CALIFORNIA 700 CHILDS WAY MC 0914 LOS ANGELES CA 90089 951642394 501 (C) (3) 10000 0 SCHOLARSHIP UNIVERSITY OF FLORIDA PO BOX 113201 SUITE 1250 E CAMPUS OFFICE BLDG GAINESVILLE FL 32611 596002052 501 (C) (3) 10000 0 SCHOLARSHIP NEW YORK UNIVERSITY 105 EAST 17TH ST 2ND FL NEW YORK NY 10003 135562308 501 (C) (3) 10000 0 SCHOLARSHIP BABSON COLLEGE 231 FOREST ST BABSON PARK MA 02457 042103544 501 (C) (3) 10000 0 SCHOLARSHIP MORGAN STATE UNIVERSITY 1700 EAST COLD SPRING LANE BALTIMORE MD 21251 526002033 501 (C) (3) 10000 0 SCHOLARSHIP TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 501 (C) (3) 10000 0 SCHOLARSHIP UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVE MADISON WI 53726 390743975 501 (C) (3) 7325 0 SCHOLARSHIP LSU FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 726020969 501 (C) (3) 7000 0 SCHOLARSHIP REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BLVD FL 5 LOS ANGELES CA 90024 956006143 501 (C) (3) 7000 0 SCHOLARSHIP 25 0 AWARD GRANT 181 155161 PART I, LINE 2: MOST GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS IN GOOD STANDING. IN CERTAIN CASES, STUDENTS MAY RECEIVE REIMBURSEMENT DIRECTLY FOR TRAVEL AND MEAL EXPENSES INCURRED IN CONNECTION WITH ATTENDANCE AT A CONFERENCE OR EVENT. THE FOUNDATION CONDUCTS PERIODIC REVIEWS OF GRANTEES TO ASSESS COMPLIANCE WITH GRANT AWARDS AND TO TRACK USE OF GRANT FUNDS. 0 0 0 0 0 0 0 0 0 THOMAS MCGEE DIRECTOR 0 1196154 0 1650000 0 4902 0 789208 0 45245 0 3685509 0 0 SEAN KRON TREASURER 0 398593 0 95000 0 2622 0 20700 0 38051 0 554966 0 0 LAURI NOVICK PRESIDENT 0 341754 0 95000 0 14211 0 17077 0 29964 0 498006 0 0 LESLEY CAMPBELL SECRETARY 0 341755 0 80000 0 1140 0 19715 0 36177 0 478787 0 0 PART I, LINE 3 THE COMPENSATION PAID TO THE OFFICERS IS DETERMINED BY INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC., A RELATED ORGANIZATION. INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYEMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 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 FOUNDATION'S MEMBERS ARE COMPRISED OF ALL CURRENT VOTING MEMBERS OF THE INTERNATIONAL COUNCIL OF SHOPPING CENTER, INC. ("ICSC") BOARD OF TRUSTEES. IF A MEMBER OF THE FOUNDATION CEASES TO BE A VOTING MEMBER OF THE ICSC BOARD OF TRUSTEES SUCH MEMBER SHALL IMMEDIATELY CEASE TO BE A MEMBER OF THE FOUNDATION. MEMBERS MAY BE REMOVED FOR CAUSE BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S MEMBERS ELECT THE DIRECTORS OF THE FOUNDATION AND HAVE THE POWER TO REMOVE DIRECTORS. A DIRECTOR MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, UPON THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OR MORE OF THE MEMBERS PRESENT AT A DULY CALLED MEETING OF THE MEMBERS WHERE A QUARUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE AND OVERSIGHT IS VESTED IN THE FOUNDATION'S BOARD OF DIRECTORS WHO ARE ELECTED BY ALL VOTING MEMBERS OF ICSC'S BOARD OF TRUSTEES. ALL OF THE VOTING MEMBERS OF ICSC'S BOARD OF TRUSTEES HOLD CONCURRENT CAPACITIES AS MEMBERS OF THE FOUNDATION WHO ALSO HAVE THE POWER TO APPROVE ANY OF THE FOUNDATION'S BYLAW AMENDMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE FOUNDATION, AS WELL AS EXECUTIVE PERSONNEL OF ITS PARENT, INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. THE FORM 990 IS AVAILABLE UPON REQUEST TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE OF THE FOUNDATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC. ("ICSC"), OR THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION, INC. ICSC MONITORS COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES OF THE REPORTING ORGANIZATION ARE COMPENSATED BY INTERNATIONAL COUNCIL OF SHOPPING CENTERS, INC., AN AFFILIATED 501(C)(6) ORGANIZATION. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 308,594. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 308,594. INTERNATIONAL COUNCIL OF SHOPPING CENTER 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 131854667 RETAIL IND NY 501(C)(6) N/A N/A 0 ICSC FOUNDATION CANADA 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 EDUCATION CA N/A ICSC 0 ICSC POLITICAL ACTION COMMITTEE 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 133588529 PAC NY 527 N/A N/A 0 ICSC NON FEDERAL PAC 1251 AVENUE OF THE AMERICAS 45TH FL NEW YORK NY 10020 263851886 PAC NY 527 N/A N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INTERNATIONAL COUNCIL OF SHOPPING CENTERS N 1108940 BOOK INTERNATIONAL COUNCIL OF SHOPPING CENTERS O 1323848 BOOK