2013-11-15T13:37:23-06:00 2012-12-31 861065772 DELOITTE TAX LLP TWO JERICHO PLAZA JERICHO NY 11753 990 2012-01-01 131854667 INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC INTE 6467283607 1221 AVENUE OF THE AMERICAS 41ST FLOOR NEW YORK NY 10020 GLEN A HALE 6467283607 2013-11-15 1 CHRISTINE KAWECKI P00743140 5169187000 2013-11-15 2012 2016-02-25 16:41:14Z MICHAEL KERCHEVAL 1221 AVENUE OF THE AMERICAS 41ST FLOOR NEW YORK NY 10020 60939348 0 X WWW.ICSC.ORG X 1962 NY SEE SCHEDULE O. 52 52 161 0 3186809 -653783 0 0 54345052 58206640 -1496322 2596556 29984 35345 52878714 60838541 6000 0 0 0 20147005 22967863 0 0 0 35956470 36571755 56109475 59539618 -3230761 1298923 84996070 91794982 45931792 49321692 39064278 42473290 X SEE SCHEDULE O. 0 0 ANNUAL CONVENTIONS AND DEAL MAKING PROVIDES A FORUM FOR MEMBERS OF THE INDUSTRY TO COME TOGETHER FROM VARIOUS PARTS OF THE WORLD AND ATTEND FORMAL INSTRUCTIONAL SESSIONS, HEAR REPORTS AND TALKS BY EXPERTS ON VARIOUS PHASES OF INDUSTRY OPERATIONS AND TRENDS, ATTEND PANEL DISCUSSIONS, EXCHANGE IDEAS AND EXPERIENCES WITH ASSOCIATES FROM AREAS DISTANT FROM THEIR OWN, AND OBSERVE THE EQUIPMENT AND SERVICES AVAILABLE FOR IMPROVED CONSTRUCTION, OPERATION, MANAGEMENT AND MAINTENANCE OF SHOPPING CENTERS. 36,552 PEOPLE ATTENDED. MEETINGS AND CONFERENCES AND LOCAL PROGRAMS - PROVIDE AN OPPORTUNITY FOR LOCAL MEMBERS AND ASSOCIATES TO ATTEND INSTRUCTIONAL LECTURES AND EXCHANGE IDEAS ON SITE SELECTION, CONSTRUCTION, FINANCING, INSURANCE, PROMOTIONS, LEGAL QUESTIONS AND OTHER PHASES OF DEVELOPING, OPERATING AND MAINTAINING SHOPPING CENTERS. ALSO PROVIDE BUSINESS OPPORTUNITIES TO MAKE DEALS WITHIN THE SHOPPING CENTER INDUSTRY. 64,580 PEOPLE ATTENDED. SEMINARS, INSTITUTES AND UNIVERSITY - TYPE CLASSES - HELD AT SELECTED INSTITUTIONS OF HIGHER LEARNING AND OTHER LOCATIONS. THESE INTENSIVE EDUCATIONAL SEMINARS ARE CONDUCTED UNDER UNIVERSITY-TYPE CLASSROOM CONDITIONS. THE COURSES AND SUBJECT MATTER RELATE TO SHOPPING CENTER SITE LOCATION AND SELECTION, MANAGEMENT AND OPERATION, AND PROMOTION AND ADVERTISING. 2,473 PEOPLE ATTENDED. PUBLICATIONS RELATING TO THE RETAIL REAL ESTATE INDUSTRY TO EDUCATE AND PROVIDE CURRENT INFORMATION TO MEMBERS. PROMOTE THE COMMUNITY WHERE MEMBERS ARE BY AWARDING PUBLIC RECOGNITION AWARDS. 0 0 0 1 0 0 0 0 0 1 0 0 0 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 1 1 1 1 0 1 306 0 1 161 1 1 1 1 UK CA MX 0 0 0 0 0 X 52 52 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X MR GLEN HALE 6467283607 1221 AVENUE OF THE AMERICAS 41ST NEW YORK NY 10020 BRAD M HUTENSKY 1.00 X 0 0 0 ADAM W IFSHIN 1.00 X 0 0 0 DANIEL B HURWITZ 1.00 X 0 0 0 BRUCE POMEROY 1.00 X 0 0 0 GAR HERRING CDP 1.00 X 0 0 0 JOHN R MORRISON 1.00 X 0 0 0 KENNETH A MCINTYRE JR 1.00 X 0 0 0 RONALD A ALTOON 1.00 X 0 0 0 KENNETH F BERNSTEIN 1.00 X 0 0 0 JAMES L JAMIE BERSANI 1.00 X 0 0 0 MICHAEL CARROLL 1.00 X 0 0 0 RICK J CARUSO 1.00 X 0 0 0 KAREN CASE 1.00 X 0 0 0 ALFREDO COHEN 1.00 X 0 0 0 HOLLY COHEN 1.00 X 0 0 0 THOMAS J CONNOLLY 1.00 X 0 0 0 VINCENT A CORNO 1.00 X 0 0 0 MARY LOU FIALA 1.00 X 0 0 0 KAREN FLAVELLE 1.00 X 0 0 0 SETH GELDZAHLER 1.00 X 0 0 0 CARL L GOERTEMOELLER 1.00 X 0 0 0 MICHAEL J GRAZIANO 1.00 X 0 0 0 GORDON T GREEBY 1.00 X 0 0 0 ANTHONY GROSSI 1.00 X 0 0 0 DAVID B HENRY 1.00 X 0 0 0 KEN C HICKS 1.00 X 0 0 0 DAVID J LARUE 1.00 X 0 0 0 DAVID P LINDSEY 1.00 X 0 0 0 LAURALEE MARTIN 1.00 X 0 0 0 SANDEEP MATHRANI 1.00 X 0 0 0 MARTIN MAYER 1.00 X 0 0 0 SCOTT NELSON 1.00 X 0 0 0 DONALD PROVOST 1.00 X 0 0 0 SECK-GUAN PUA 1.00 X 0 0 0 ALEJANDRO RAMIREZ 1.00 X 0 0 0 JOHN T RIORDAN 1.00 X 0 0 0 KAREN ROBERTS 1.00 X 0 0 0 MICHAEL RODEL 1.00 X 0 0 0 MATTHEW E RUBEL 1.00 X 0 0 0 MARK SCHURGIN 1.00 X 0 0 0 PETER SCHWARTZ 1.00 X 0 0 0 SHAHRAM SHAMSAEE 1.00 X 0 0 0 L PETER SHARPE 1.00 X 0 0 0 SUK SINGH 1.00 X 0 0 0 EDWARD SONSHINE 1.00 X 0 0 0 STEVEN B TANGER 1.00 X 0 0 0 WILLIAM S TAUBMAN 1.00 X 0 0 0 RENE TREMBLAY 1.00 X 0 0 0 STEVEN G VITTORIO 1.00 X 0 0 0 MARCUS WILD 1.00 X 0 0 0 DONALD C WOOD 1.00 X 0 0 0 C DAVID ZOBA 1.00 X 0 0 0 MICHAEL P KERCHEVAL 50.00 X 1308034 0 1135030 JAY STARR 40.00 X 315219 0 42725 GREGORY J PETERSON 40.00 X 304400 0 20559 GLEN A HALE 40.00 X 204100 0 43665 TIMOTHY MCGUINNESS 40.00 X 356146 0 45774 RUDOLPH MILIAN 40.00 X 349216 0 45120 MARVIN MORRISON 40.00 X 340120 0 45813 MICHAEL NIEMIRA 40.00 X 330735 0 41022 ROBERT MALLIA 40.00 X 314865 0 12479 BETSY LAIRD 40.00 X 272181 0 46165 MALACHY KAVANAGH 40.00 X 254289 0 41748 MICHAEL MERRICK 40.00 X 255198 0 21676 JORGE LIZAN 40.00 X 194943 0 16356 FRAN MARMER 40.00 X 185633 0 42576 LORRAINE MAZZA 40.00 X 156267 0 8978 MICHAEL MORRISSEY 40.00 X 157578 0 18000 RITA FEUERSTEIN 40.00 X 162247 0 9040 VALERIE CAMMISO 40.00 X 149006 0 19074 DENISE ADRIAN 40.00 X 146159 0 19242 KENT JEFFREYS 40.00 X 140246 0 19975 SALLY STEPHENSON 40.00 X 151369 0 40702 6047951 0 1735719 41 0 1 0 AMERICAN EXPRESS PO BOX 2855 NEW YORK NY 101162855 CREDIT CARD SERVICES 10899300 LAS VEGAS CONVENTION & VISITORS AUTH 3150 PARADISE ROAD LAS VEGAS NV 89109 CONVENTION SPACE 1555313 PRUDENTIAL FINANCIAL FEE REMITTANCE PO BOX 1206 WILKESBARRE PA 187031206 401(K) ADMINISTRATOR 1393554 DI VISION CREATIVE STUDIO 63 LUDLOW ST NEW YORK NY 10002 DESIGN SERVICES 1105185 NEW YORK HILTON AND TOWERS 1335 AVE OF AMERICAS NEW YORK NY 10019 HOTEL AND FOOD FUNCTION 936982 89 X CONVENTIONS 900099 23706678 23706678 MEETINGS & CONFERENCES 900099 16951632 16951632 MEMBERSHIP DUES 900099 12196465 12196465 PUBLICATIONS 541800 3678678 491869 3186809 PROFESSIONAL RECOGNIZA 900099 886375 886375 786812 786812 58206640 1460315 1460315 12472 0 12472 12472 12472 1237048 100807 1136241 1136241 1136241 LABELS 900099 15000 15000 MISC 900099 6503 6503 SERVICE CHARGES 900099 1370 1370 22873 60838541 55055176 3186809 2596556 6926610 7996763 2933970 4189235 921285 473780 393431 608291 427802 4791664 436173 26741286 706063 260543 TRAININGS 385359 PROVISION FOR BUSINESS 199535 TEMPORARY HELP 98478 DUES & SUBSCRIPTIONS 91156 958194 59539618 16828421 16609724 900786 634478 1434121 1323506 13747886 10746519 3426831 3001367 59599272 66704513 2806639 3521394 84996070 91794982 8928055 8621889 7230831 7746087 29772906 32953716 45931792 49321692 X 39064278 42473290 39064278 42473290 84996070 91794982 X 1298923 4173273 3294 -2066478 X 0 1 X 1 0 0 0 1 12196466 849256 1681 850937 712330 138607 7223146 4332151 2890995 6524740 6414368 110372 3001367 EMPLOYEE RETIREMENT OBLIGATION 23185500 ADV. REGISTRATIONS & SUBSCRIPTIONS 9768216 32953716 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS EVALUATED THE COUNCILS'S TAX POSITION AND HAS CONCLUDED THAT THE COUNCIL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY THE COUNCIL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007. EUROPE 1 11 PROGRAM SERVICES CONFERENCES AND SEMINARS ON RETAIL REAL ESTATE 2277378 EAT ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES CONFERENCES AND SEMINARS ON RETAIL REAL ESTATE 2201013 CENTRAL AMERICA AND THE CARIBBEAN 1 2 PROGRAM SERVICES CONFERENCES AND SEMINARS ON RETAIL REAL ESTATE 1321033 NORTH AMERICA 1 2 PROGRAM SERVICES CONFERENCES AND SEMINARS ON RETAIL REAL ESTATE 494968 5 19 0 0 5 19 6294392 0 6294392 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE RECIPIENTS OF THE AWARDS ARE FEATURED IN THE ANNUAL CONFERENCE PROGRAM. ICSC REQUESTS INFORMATION AS HOW THE AWARD HAS HELPED THE RECIPIENT IN THEIR CAREER. 0 X 1 1 X X X X X 0 1 0 MICHAEL P KERCHEVAL 633534 0 635000 0 39500 0 1122728 0 12302 0 2443064 0 0 0 JAY STARR 203959 0 66000 0 45260 0 6669 0 36056 0 357944 0 0 0 GREGORY J PETERSON 215203 0 63000 0 26197 0 7905 0 12654 0 324959 0 0 0 GLEN A HALE 152786 0 35000 0 16314 0 7758 0 35907 0 247765 0 0 0 TIMOTHY MCGUINNESS 231196 0 106000 0 18950 0 9714 0 36060 0 401920 0 0 0 RUDOLPH MILIAN 226690 0 76000 0 46526 0 9021 0 36099 0 394336 0 0 0 MARVIN MORRISON 249190 0 63500 0 27430 0 9714 0 36099 0 385933 0 0 0 MICHAEL NIEMIRA 272534 0 40000 0 18201 0 4887 0 36135 0 371757 0 0 0 ROBERT MALLIA 15366 0 258500 0 40999 0 6669 0 5810 0 327344 0 0 0 BETSY LAIRD 191708 0 46000 0 34473 0 8351 0 37814 0 318346 0 0 0 MALACHY KAVANAGH 191432 0 51000 0 11857 0 5777 0 35971 0 296037 0 0 0 MICHAEL MERRICK 213235 0 15000 0 26963 0 9031 0 12645 0 276874 0 0 0 JORGE LIZAN 151455 0 25000 0 18488 0 8500 0 7856 0 211299 0 0 0 FRAN MARMER 142703 0 10000 0 32930 0 6669 0 35907 0 228209 0 0 0 LORRAINE MAZZA 136853 0 0 0 19414 0 6762 0 2216 0 165245 0 0 0 MICHAEL MORRISSEY 117538 0 35240 0 4800 0 18000 0 0 0 175578 0 0 0 RITA FEUERSTEIN 75017 0 71910 0 15320 0 7277 0 1763 0 171287 0 0 0 VALERIE CAMMISO 125346 0 0 0 23660 0 6653 0 12421 0 168080 0 0 0 DENISE ADRIAN 130882 0 0 0 15277 0 6764 0 12478 0 165401 0 0 0 KENT JEFFREYS 112715 0 4000 0 23531 0 5715 0 14260 0 160221 0 0 0 SALLY STEPHENSON 33217 0 94329 0 23823 0 6669 0 34033 0 192071 0 0 0 PART I, LINE 4B LINE 4B: ICSC MAINTAINS A NON-QUALIFIED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN FOR THE PRESIDENT WHO IS THE SOLE PARTICIPANT IN THE PLAN. THE AMOUNTS DEFERRED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 4B ICSC MAINTAINS A NON-QUALIFIED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN FOR THE PRESIDENT WHO IS THE SOLE PARTICIPANT IN THE PLAN. THE AMOUNTS DEFERRED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ORGANIZATION MISSION STATEMENT FORM 990, PART I, LINE 1 ICSE'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND IMPROVE THE CONDITIONS OF THE SHOPPING CENTER INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION. ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 THE PRINCIPAL MISSION OF THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS ("ICSC") IS TO PROMOTE AND IMPROVE THE CONDITIONS OF THE SHOPPING CENTER INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, AND CONVENTIONS, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION. ICSC FUNCTIONS TO PROMOTE THE WELFARE OF THE SHOPPING CENTER INDUSTRY THROUGH EDUCATIONAL CONVENTIONS, TRADE EXHIBITS, MEETINGS AND CONFERENCES, AND SEMINARS. ICSC PROVIDES MANY FORUMS FOR MEMBERS TO COME TOGETHER AND EXCHANGE IDEAS ON SITE SELECTION, CONSTRUCTION, FINANCING, MANAGEMENT, AND OPERATION, AND PROMOTION AND ADVERTISING. BY PROMOTING THE WELFARE OF THE SHOPPING CENTER INDUSTRY, ICSC IS ALSO ADVANCING THE PUBLIC WELFARE. 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 CENTERS' 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 ICSC'S MEMBERS AT AN ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11 IN ADDITION TO BEING REVIEWED BY THE PRESIDENT, CHIEF OPERATING OFFICER AND THE VICE PRESIDENT OF FINANCE OF THE ORGANIZATION, THE FORM 990 IS AVAILABLE TO THE FULL BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE COUNCIL IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS (ICSC). 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 ICSC UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL AND ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS REASONABLE. ICSC ESTABLISHES THE COMPENSATION OF ITS EXECUTIVES BY OBTAINING AND REVIEWING COMPARABILITY DATA, INCLUDING COMPENSATION SURVEYS AND THE FORM 990'S OF OTHER ORGANIZATIONS. THE BOARD OF DIRECTORS ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP ADVISE ON THE APPROPRIATE COMPENSATION LEVELS FOR THE AFOREMENTIONED INDIVIDUALS. ONCE THE COMPENSATION CONSULTANT HAS MADE ITS RECOMMENDATIONS, ALL OF THE COMPILED DATA IS REVIEWED AND/OR APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE WHO THEN REFERS SUCH MATTERS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR RATIFICATION. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL'S GOVERNING DOCUMENTS (BYLAWS) AND ANNUAL REPORT ARE AVAILABLE TO THE PUBLIC ON ITS WEBSITE WWW.ICSC.ORG. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON REQUEST AND AT THE MANAGEMENT'S DISCRETION. REALIZED GAINS AND LOSSES FORM 990, PART VIII, LINE 7 ALL GAINS AND LOSSES ON THE SALE OF SECURITIES ARE OF PUBLICLY TRADED SECURITIES. THE INTERNATIONAL COUINCIL OF SHOPPING CENTERS PARTICIPATES IN A POOLED INVESTMENT ACCOUNT WITH ITS RELATED ORGANZIATION, ICSC FOUNDATION, INC., AND, AS A RESULT, DETERMINING PRECISE DATA FOR THE COST BASIS AND SALES PRICE OF THESE POOLED INVESTMENTS IS DIFFICULT. INFORMATION IS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ADOPTION OF FASB # 158 -2,066,482. ROUNDING 4. ICSCEUROPE LLC 29 QUEENS ANNES GATE SW1H 9BU LONDON, UNITED KINGDOM UK 133968868 SHOP.CTR.BUSINESS LEAGUE UK 2688250 0 ISCS ICSC FOUNDATION 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020 133525440 EDUCATION NY 501(C)(3) LINE 11, TYPE I: 509 1 ICSC FEDERAL PAC 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020 133588529 PAC NY 527 0 ICSC PAC AZ 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020 270116193 PAC NY 527 0 ICSC PAC NJ 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020 432075159 PAC NY 527 0 ICSC PAC WA 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020 161717304 PAC NY 527 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 B ICSC EUROPE LLC D 246957 CASH ICSC FOUNDATION N 214029 CASH ICSC FOUNDATION O 230933 CASH