Skip to content
Nonprofiteer
← THE INTERNATIONAL COUNCIL OF SHOP PING CENTERS FOUNDATION INC

Form 990 for tax year 2023

Filed by THE INTERNATIONAL COUNCIL OF SHOP PING CENTERS FOUNDATION INC.

Totals

Total revenue
$2,024,402
Total expenses
$1,210,228
Contributions and grants received
$1,624,516
Grants paid
$620,456
Program service revenue
$0
Investment income
$399,886
Other revenue
$0
Total assets, end of year
$16,432,443
Total liabilities, end of year
$6,423
Net assets or fund balances, end of year
$16,426,020
Program services expenses (Part IX)
$1,068,891
Management and general expenses
$98,212
Fundraising expenses
$43,125
Program service expenses (Part III)
$1,068,891

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,624,516

  • 3 · Investment income

    total $482,070 · excluded $482,070

  • 7a · Gross sales of assets other than inventory

    securities $883,195

  • 7b · Less cost or other basis and sales expenses

    securities $965,379

  • 7c · Gain or loss

    securities -$82,184

  • 7d · Net gain or loss

    total -$82,184 · excluded -$82,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $554,474 · program services $554,474

  • 2 · Grants to domestic individuals

    total $65,982 · program services $65,982

  • 11b · Fees: legal

    total $17,078 · management and general $17,078

  • 11f · Fees: investment management

    total $44,024 · management and general $44,024

  • 11g · Fees: other

    total $227,977 · program services $227,977

  • 12 · Advertising and promotion

    total $6,160 · program services $6,160

  • 13 · Office expenses

    total $14,194 · program services $7,098 · management and general $7,096

  • 14 · Information technology

    total $77,400 · program services $77,400

  • 17 · Travel

    total $68,786 · program services $63,161 · management and general $5,594 · fundraising $31

  • 19 · Conferences, conventions and meetings

    total $181 · program services $181

  • 24a · Other expenses: VENUE EXPENSE

    total $106,580 · program services $44,825 · management and general $21,943 · fundraising $39,812

  • 24b · Other expenses: AUDIO, VISUAL & SIGNAGE

    total $25,625 · program services $19,866 · management and general $2,477 · fundraising $3,282

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,767 · program services $1,767

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,827,874 · end of year $1,445,149

  • 3 · Pledges and grants receivable

    beginning of year $1,141,622 · end of year $1,766,926

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,612 · end of year $59,638

  • 11 · Investments: publicly traded securities

    beginning of year $11,813,920 · end of year $13,124,768

  • 15 · Other assets

    beginning of year $0 · end of year $35,962

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,994 · end of year $6,423

  • 25 · Other liabilities

    beginning of year $105,420 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,254,443 · end of year $11,300,036

  • 28 · Net assets with donor restrictions

    beginning of year $4,407,171 · end of year $5,125,984

Mission and programs · 2023

Mission

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 AND DIVERSE TALENT THAT CAN EXCEL IN THE INDUSTRY.

Activities or mission (Part I)

DEDICATED TO DEVELOPING THE REAL ESTATE INDUSTRY'S NEXT GENERATION OF TALENT.

  • 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.

    Expenses $632,710 · Grants $536,756

  • 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.

    Expenses $436,181 · Grants $83,700

As filed on the 2023 return.

Listed in Part VII

  • LAURIE MAHOWALD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN FINNEGAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KAREN B CASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY DRASITES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF EDISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IVY GREANER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN LEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELVIN MANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES MAURIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS MCGEE

    DIRECTOR

    Total calculated
    $3,605,439
    From this org
    $0
    From related orgs
    $2,752,979
    Other
    $852,460
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,098,077 related
    Bonus
    $0 + $1,650,000 related
    Other
    $0 + $4,902 related
    Deferred
    $0 + $811,431 related
    Nontaxable benefits
    $0 + $41,029 related
    Filer's total
    $0 + $3,605,439 related

  • ANGELE ROBINSON-GAYLORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSEPH TICHAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN VITTORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN ZEIGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LESLEY GIBSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGGIE LIVINGSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WHITNEY LIVINGSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MCPHERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL ELIAS WEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEVERLY RICKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURI NOVICK

    PRESIDENT

    Total calculated
    $443,788
    From this org
    $0
    From related orgs
    $380,362
    Other
    $63,426
    Hours/week
    35 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,838 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $7,524 related
    Deferred
    $0 + $39,233 related
    Nontaxable benefits
    $0 + $24,193 related
    Filer's total
    $0 + $443,788 related

  • SEAN KRON

    TREASURER

    Total calculated
    $516,620
    From this org
    $0
    From related orgs
    $459,685
    Other
    $56,935
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,063 related
    Bonus
    $0 + $85,000 related
    Other
    $0 + $2,622 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $33,835 related
    Filer's total
    $0 + $516,620 related

  • LESLEY CAMPBELL

    SECRETARY

    Total calculated
    $451,804
    From this org
    $0
    From related orgs
    $401,364
    Other
    $50,440
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,224 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $1,140 related
    Deferred
    $0 + $17,946 related
    Nontaxable benefits
    $0 + $32,494 related
    Filer's total
    $0 + $451,804 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202412329349300616

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.