Form 990 for tax year 2024
Filed by INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC.
Totals
- Total revenue
- $68,005,903
- Total expenses
- $62,180,511
- Contributions and grants received
- $0
- Grants paid
- $28,700
- Program service revenue
- $60,663,003
- Investment income
- $7,411,812
- Other revenue
- -$68,912
- Total assets, end of year
- $191,275,554
- Total liabilities, end of year
- $78,913,548
- Net assets or fund balances, end of year
- $112,362,006
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: CONVENTIONS
total $52,249,768 · related or exempt $52,249,768
-
2b · Program service revenue: MEMBERSHIP DUES
total $8,413,235 · related or exempt $8,413,235
-
3 · Investment income
total $3,592,581 · excluded $3,592,581
-
5 · Royalties
total $2,537 · excluded $2,537
-
7a · Gross sales of assets other than inventory
securities $14,734,991
-
7b · Less cost or other basis and sales expenses
securities $10,915,760
-
7c · Gain or loss
securities $3,819,231
-
7d · Net gain or loss
total $3,819,231 · excluded $3,819,231
-
11a · Other revenue: ADVERTISING AND PUBLICATIONS
total $146,731 · related or exempt $2,496 · unrelated business $144,235
-
11b · Other revenue: FOREIGN CURRENCY EXCHANGE GAIN/LO
total -$282,191 · excluded -$282,191
-
11d · All other revenue
total $64,011 · excluded $64,011
-
11e · Other revenue, total
-$71,449
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $28,700
-
5 · Compensation of officers, directors and key employees
total $4,719,262
-
7 · Other salaries and wages
total $17,360,883
-
8 · Pension plan contributions
total $1,259,222
-
9 · Other employee benefits
total $2,161,280
-
10 · Payroll taxes
total $1,236,785
-
11b · Fees: legal
total $151,797
-
11c · Fees: accounting
total $362,625
-
11d · Fees: lobbying
total $1,189,328
-
11f · Fees: investment management
total $348,739
-
11g · Fees: other
total $5,986,902
-
12 · Advertising and promotion
total $723,836
-
13 · Office expenses
total $543,029
-
14 · Information technology
total $1,084,571
-
15 · Royalties
total $6,349
-
16 · Occupancy
total $3,983,479
-
17 · Travel
total $1,120,193
-
19 · Conferences, conventions and meetings
total $2,950,242
-
22 · Depreciation, depletion and amortization
total $2,320,337
-
23 · Insurance
total $847,115
-
24a · Other expenses: FOOD/BEVERAGE
total $5,407,873
-
24b · Other expenses: VENUE EXPENSE
total $2,681,677
-
24c · Other expenses: ON-SITE PROGRAM EXPENSE
total $2,401,741
-
24d · Other expenses: CREDIT CARD FEES
total $1,692,240
-
24e · All other expenses
total $1,612,306
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,469,720 · end of year $4,621,485
-
2 · Savings and temporary cash investments
end of year $14,245,192
-
4 · Accounts receivable
beginning of year $2,362,569 · end of year $1,331,973
-
9 · Prepaid expenses and deferred charges
beginning of year $2,689,522 · end of year $2,457,284
-
10a · Land, buildings and equipment: cost or other basis
$23,680,907
-
10b · Land, buildings and equipment: accumulated depreciation
$15,671,149
-
10c · Land, buildings and equipment, net
beginning of year $9,726,135 · end of year $8,009,758
-
11 · Investments: publicly traded securities
beginning of year $108,835,938 · end of year $123,606,053
-
12 · Investments: other securities
beginning of year $10,927,874 · end of year $8,511,428
-
15 · Other assets
beginning of year $30,857,314 · end of year $28,492,381
-
17 · Accounts payable and accrued expenses
beginning of year $6,296,819 · end of year $6,157,575
-
19 · Deferred revenue
beginning of year $6,458,788 · end of year $7,283,600
-
25 · Other liabilities
beginning of year $64,717,722 · end of year $65,472,373
-
27 · Net assets without donor restrictions
beginning of year $101,395,743 · end of year $112,362,006
Mission and programs · 2024
Mission
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.
Activities or mission (Part I)
PROMOTE AND IMPROVE THE CONDITIONS OF THE MARKETPLACES INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION.
-
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 24,331 ATTENDEES AT THE EVENT IN LAS VEGAS AND 7,808 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 3,011 ATTENDEES TO THESE OTHER NATIONAL EVENTS HELD DURING 2024.
-
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 30,317 ATTENDEES TO THE REGIONAL MEETINGS AND CONFERENCES AND LOCAL PROGRAM EVENTS HELD DURING 2024.
-
WEBINARS TOPICS RELATE TO SHOPPING CENTER SITE LOCATIONS AND SELECTION, MANAGEMENT AND OPERATION, AND PROMOTION AND ADVERTISING. THERE WERE 7,165 ATTENDEES AT OUR VARIOUS WEBINARS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James TaylorJAMES TAYLOR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Angele Robinson-GaylordANGELE ROBINSON-GAYLORD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Glenn RufranoGLENN RUFRANO
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Adria SavareseADRIA SAVARESE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alex NyhanALEX NYHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Allison HallbergALLISON HALLBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrea DrasitesANDREA DRASITES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anjee SolankiANJEE SOLANKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anthony BuonoANTHONY BUONO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arturo SneiderARTURO SNEIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bo OkorojiBO OKOROJI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian RossBRIAN ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles DigiovannaCHARLES DIGIOVANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris ConlonCHRIS CONLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris JohnsonCHRIS JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris NobleCHRIS NOBLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher HoffmannCHRISTOPHER HOFFMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan KatzDAN KATZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana TelseyDANA TELSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David LarcherDAVID LARCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David KruegerDAVID KRUEGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David HenryDAVID HENRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Davon BarbourDAVON BARBOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Emalia TamanikwaEMALIA TAMANIKWA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eve SemblerEVE SEMBLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evie GrossEVIE GROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fernando De Pena IverFERNANDO DE PENA IVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hessam NadjiHESSAM NADJI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hunter HartHUNTER HART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ivy GreanerIVY GREANER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey EdisonJEFFREY EDISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey OlsonJEFFREY OLSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jenny Chang McMullenJENNY CHANG MCMULLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jodie McLeanJODIE MCLEAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe BradyJOE BRADY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John SuarezJOHN SUAREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John MulleadyJOHN MULLEADY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John KiteJOHN KITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan SiegelJONATHAN SIEGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan SchwartzJONATHAN SCHWARTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jordan FriedJORDAN FRIED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph TicharJOSEPH TICHAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin RodgersJUSTIN RODGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenton McKeehanKENTON MCKEEHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lacy BeasleyLACY BEASLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Laura BarrLAURA BARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa PalmerLISA PALMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lyneir RichardsonLYNEIR RICHARDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Manuel MartinMANUEL MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marc PanzerMARC PANZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark ToroMARK TORO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martin MayerMARTIN MAYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melvin ManceMELVIN MANCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael ShanahanMICHAEL SHANAHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Morgan KonstantinidisMORGAN KONSTANTINIDIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natalie PebblesNATALIE PEBBLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Naveen JaggiNAVEEN JAGGI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Parham JavaheriPARHAM JAVAHERI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul HilliardPAUL HILLIARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Reginald LivingstonREGINALD LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob HenseROB HENSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert WhelanROBERT WHELAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robin ZeiglerROBIN ZEIGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ross CooperROSS COOPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan O'SullivanRYAN O'SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Salvatore IaconoSALVATORE IACONO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott McPhersonSCOTT MCPHERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott SchnuckelSCOTT SCHNUCKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shannon LettsSHANNON LETTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen YalofSTEPHEN YALOF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve CoganSTEVE COGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve RoumanSTEVE ROUMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tabassum ZalotrawalaTABASSUM ZALOTRAWALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terrence MaidenTERRENCE MAIDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theodore FrumkinTHEODORE FRUMKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Bolen IIITHOMAS BOLEN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wendy SeherWENDY SEHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Whitney LivingstonWHITNEY LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Zach MinteerZACH MINTEER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas McGeeTHOMAS MCGEE
PRESIDENT & CEO
- Total calculated
- $3,685,509
- From this org
- $2,851,056
- From related orgs
- $0
- Other
- $834,453
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $1,196,154
- Bonus
- $1,650,000
- Other
- $4,902
- Deferred
- $789,208
- Nontaxable benefits
- $45,245
- Filer's total
- $3,685,509
-
Lesley CampbellLESLEY CAMPBELL
SR. VP & GENERAL COUNSEL
- Total calculated
- $478,787
- From this org
- $422,895
- From related orgs
- $0
- Other
- $55,892
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $341,755
- Bonus
- $80,000
- Other
- $1,140
- Deferred
- $19,715
- Nontaxable benefits
- $36,177
- Filer's total
- $478,787
-
Sean KronSEAN KRON
CFO, TREASURER
- Total calculated
- $554,966
- From this org
- $496,215
- From related orgs
- $0
- Other
- $58,751
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $398,593
- Bonus
- $95,000
- Other
- $2,622
- Deferred
- $20,700
- Nontaxable benefits
- $38,051
- Filer's total
- $554,966
-
Valerie RichardsonVALERIE RICHARDSON
CHIEF OPERATING OFFICER
- Total calculated
- $1,213,776
- From this org
- $1,177,509
- From related orgs
- $0
- Other
- $36,267
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $753,031
- Bonus
- $410,000
- Other
- $14,478
- Deferred
- $20,700
- Nontaxable benefits
- $15,567
- Filer's total
- $1,213,776
-
Kristin LogsdonKRISTIN LOGSDON
SR. VP, COMM, MARKETING, PUB
- Total calculated
- $570,778
- From this org
- $514,019
- From related orgs
- $0
- Other
- $56,759
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $416,397
- Bonus
- $95,000
- Other
- $2,622
- Deferred
- $20,700
- Nontaxable benefits
- $36,059
- Filer's total
- $570,778
-
Betsy LairdBETSY LAIRD
SR. VP, GLOBAL PUBLIC POLICY
- Total calculated
- $578,231
- From this org
- $519,454
- From related orgs
- $0
- Other
- $58,777
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $415,243
- Bonus
- $90,000
- Other
- $14,211
- Deferred
- $20,700
- Nontaxable benefits
- $38,077
- Filer's total
- $578,231
-
Malachy KavanaghMALACHY KAVANAGH
EVP, GLOBAL & CORP DEVELOPMENT
- Total calculated
- $585,420
- From this org
- $526,643
- From related orgs
- $0
- Other
- $58,777
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $419,119
- Bonus
- $100,000
- Other
- $7,524
- Deferred
- $20,700
- Nontaxable benefits
- $38,077
- Filer's total
- $585,420
-
Bonnie ArchampongBONNIE ARCHAMPONG
CHIEF INFORMATION OFFICER & SR VP
- Total calculated
- $497,480
- From this org
- $461,835
- From related orgs
- $0
- Other
- $35,645
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $360,695
- Bonus
- $100,000
- Other
- $1,140
- Deferred
- $20,700
- Nontaxable benefits
- $14,945
- Filer's total
- $497,480
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
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- THE ORGANIZATION PAYS SOCIAL CLUB DUES FOR THE CEO, THIS IS INCLUDED IN COMPENSATION. THE ORGANIZATION PAYS FIRST CLASS OR CHARTER TRAVEL AND TRAVEL FOR COMPANIONS FOR THE CEO, THIS IS NOT INCLUDED IN COMPENSATION.
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
-
SUPPORT
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.
-
INT'L COUNCIL OF SHOPPING CTRS FDN INC
501(C)(3) · EDUCATION · NY · controlled entity
Directly controlled by ICSC
-
ICSC FOUNDATION CANADA
EDUCATION · CA · controlled entity
Directly controlled by ICSC
-
INT'L COUNCIL OF SHOPPING CTRS PAC
527 · PAC · NY · controlled entity
Directly controlled by ICSC
-
INT'L COUNCIL OF SHOPPING CTRS NON FED PAC
527 · PAC · NY · controlled entity
Directly controlled by ICSC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533089349301618
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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