International Council Of Shopping Centers Inc
- Assets
- $167.3m
- Revenue
- $15.3m
- Investments
- $16.6m
- Employees
- 112
- Location
- New York, NY
- Founding
- 01/1960
- Data as of
- 12/2021
- EIN
- 13-1854667
Organization Overview
International Council Of Shopping Centers Inc, operating under the name Icsc, is located in New York, NY. The organization was established in 1960. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Icsc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icsc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Icsc generated $15.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $37.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND IMPROVE THE CONDITIONS OF THE MARKETPLACES INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. IN 2021, DUE TO COVID, THE LAS VEGAS EVENT IN MAY WAS NOT HELD AND THE NEW YORK EVENT IN DECEMBER WAS TEMPORARILY RELOCATED TO LAS VEGAS. THERE WERE 9,183 ATTENDEES AT THE EVENT HELD IN LAS VEGAS IN DECEMBER.
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 1,609 MEMBER AND NON-MEMBER ATTENDEES TO THESE OTHER NATIONAL EVENTS HELD DURING 2021.
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 1,061 MEMBER AND NON-MEMBER ATTENDEES TO THE REGIONAL MEETINGS AND CONFERENCES AND LOCAL PROGRAM EVENTS HELD DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcgee President & CEO | Officer | 35 | $2,312,622 |
Valerie Richardson Chief Operating Officer | 35 | $1,767,079 | |
Kristin R Logsdon Sr. Vp, Comm, Marketing, Pub. | 35 | $477,146 | |
Betsy R Laird Sr. Vp, Global Public Policy | 35 | $467,427 | |
Malachy L Kavanagh Evp, Global &corp. Development | 35 | $451,355 | |
Lauri Novick Sr. Vp, Volunteer Engagement | 1 | $396,344 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1251 Americas Associates Ii Lp Real Estate Services | 12/30/21 | $4,140,059 |
Visionet Systems Inc Technology Solutions | 12/30/21 | $802,269 |
Foster Made Llc Website Maintenance | 12/30/21 | $657,870 |
Makeable Llc Advertising,physica | 12/30/21 | $735,293 |
Mww Group Llc Pr Services | 12/30/21 | $550,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,926,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,926,863 |
| Total Program Service Revenue | $9,586,994 |
| Investment income | $2,982,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,759 |
| Net Rental Income | $4,762 |
| Net Gain/Loss on Asset Sales | $758,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,292,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,848,314 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,295,495 |
| Pension plan accruals and contributions | $14,983 |
| Other employee benefits | $1,237,285 |
| Payroll taxes | $739,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177,698 |
| Fees for services: Accounting | $587,908 |
| Fees for services: Lobbying | $1,067,479 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $414,499 |
| Fees for services: Other | $2,572,049 |
| Advertising and promotion | $1,041,799 |
| Office expenses | $1,558,728 |
| Information technology | $2,018,243 |
| Royalties | $2,654 |
| Occupancy | $3,710,604 |
| Travel | $366,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,578,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,604,923 |
| Insurance | $316,843 |
| All other expenses | $98,432 |
| Total functional expenses | $37,435,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,377,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $355,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,302,393 |
| Net Land, buildings, and equipment | $13,340,668 |
| Investments—publicly traded securities | $127,789,014 |
| Investments—other securities | $16,593,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,522,831 |
| Total assets | $167,282,013 |
| Accounts payable and accrued expenses | $4,376,084 |
| Grants payable | $0 |
| Deferred revenue | $10,842,576 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,253,613 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,962,461 |
| Total liabilities | $56,434,734 |
| Net assets without donor restrictions | $110,253,533 |
| Net assets with donor restrictions | $593,746 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $167,282,013 |
Grants Awarded
Over the last fiscal year, International Council Of Shopping Centers Inc has awarded $110,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Diversity Initiative | $50,000 |
Sacramento, CA PURPOSE: PROGRAM SUPPORT | $20,000 |
Alexandria, VA PURPOSE: Event sponsorship | $15,000 |
Arlington, VA PURPOSE: Event sponsorship | $15,000 |
Washington, DC PURPOSE: Event sponsorship | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Council Of Shopping Centers Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Council Of Insurance Agents & Brokers Washington, DC PURPOSE: CHARITABLE DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |