irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0IN 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.
- #2 $0REGIONAL 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.
named programs · 2 · from sources
What they call their work
National Events and Conventions
Annual national conventions offering exhibitions, instructional sessions, and panel discussions for shopping center industry professionals across the U.S.
Regional Meetings and Conferences
Local and regional gatherings providing educational lectures, networking, and lease negotiation opportunities for industry participants
activities · 10 groups
What they do
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Industry Advocacy and Regulatory Engagement 1 activity
- Advocate for public policy and regulatory supportEngages in government relations, files amicus briefs, and advocates to influence legislative and regulatory outcomes affecting the marketplaces industry. Supported passage of the Terrorism Risk Insurance Reauthorization Act and conducts advocacy on issues impacting retail real estate.
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Industry Research and Benchmarking 1 activity
- Conduct and publish industry research and data analysisProduces surveys, benchmark dashboards, Marketplace Perspectives reports, QuickStats Industry Reports, and special studies on consumer behavior, AI in retail, and industry trends. Maintains standardized definitions of shopping center types across global regions. Research includes the Post-Holiday Consumer Survey, Post-Thanksgiving Weekend Survey, and studies on the cost of convenience and back-to-school shopping.
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Real Estate Professional Association 1 activity
- Facilitate member connections and business matchmakingProvides a member directory, networking platform, and matchmaking services to support collaboration, property listings, agenda planning, and new business partnerships among retail and commercial real estate professionals.
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Local High School Scholarship Programs 1 activity
- Fund scholarships for students and emerging professionalsProvides academic and professional development scholarships through the ICSC Foundation to support students pursuing careers in the marketplaces industry.
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Regional Chapter Network Support 1 activity
- Operate regional Marketplace Councils and event advisory committeesSupports 22 Marketplace Councils across North America led by volunteer leaders with defined geographic missions, and leverages Program Advisory Committees to shape event content, recruit retailers, and organize community-building activities.
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Professional Networking Events 1 activity
- Organize professional events and networking opportunitiesHosts local, regional, and national events across the U.S. and Canada—including ICSC RETAIL FORWARD, ICSC@FLORIDA, and ICSC LAS VEGAS—to facilitate professional networking, business dealmaking, and knowledge sharing. In 2024, these events engaged over 30,000 attendees through conferences, exhibitions, panel discussions, and networking sessions.
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Regional Tourism Promotion 1 activity
- Promote the value of marketplaces through marketing and PRConducts marketing and public relations initiatives to shape industry perceptions, elevate the role of marketplaces, and promote spaces where people shop, dine, work, play, and gather.
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Professional Training for Real Estate and Building Practitioners 1 activity
- Provide professional development and educational programmingOffers webinars, online courses, instructional sessions, and educational resources led by industry experts to support career advancement and knowledge sharing in the retail real estate sector. Includes complimentary webinars on emerging trends and business solutions.
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Industry and Community Recognition Awards 1 activity
- Recognize industry excellence and leadershipPresents global awards for achievements in marketing, design, development, and retail store design; honors public-private partnerships through the Excellence in Community Advancement Award; recognizes high-achieving professionals under 40; and awards lifetime volunteer service leaders. Winners are featured at ICSC LAS VEGAS and in ICSC publications.
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Student Career Readiness and Internship Placement 1 activity
- Support student and emerging professional developmentRuns the Talent Incubator Project, Launch Academy, mentorship programs, internships with member companies, and university partnerships to prepare students—particularly from diverse backgrounds—for careers in retail real estate. Includes volunteer-led program development and leadership opportunities.
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financials · form 990 · fy2024
revenue
Total revenue$68.01M
Contributions & grants$00%
Program service revenue$60.66M89%
Investment income$7.41M11%
Other revenue$-69K
expenses
Total expenses$62.18M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$26.74M
Grants paid out$29K
Largest expense lineCompensation
balance sheet
Total assets$191.28M
Cash$18.87M
Investments$132.12M
Liabilities$78.91M
Net assets$112.36M
Liquid reserves29.1 mo
4 years on record · 2020–2024 · YoY revenue +16.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 8
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| THOMAS MCGEE | PRESIDENT & CEO | 35 | $3.69M |
| VALERIE RICHARDSON | CHIEF OPERATING OFFICER | 35 | $1.21M |
| MALACHY KAVANAGH | EVP, GLOBAL & CORP DEVELOPMENT | 35 | $585K |
| BETSY LAIRD | SR. VP, GLOBAL PUBLIC POLICY | 35 | $578K |
| KRISTIN LOGSDON | SR. VP, COMM, MARKETING, PUB | 35 | $571K |
| SEAN KRON | CFO, TREASURER | 35 | $555K |
| BONNIE ARCHAMPONG | CHIEF INFORMATION OFFICER & SR VP | 35 | $497K |
| LESLEY CAMPBELL | SR. VP & GENERAL COUNSEL | 35 | $479K |
board members · 17
- ADRIA SAVARESE — BOARD MEMBER
- ALEX NYHAN — BOARD MEMBER
- ALLISON HALLBERG — BOARD MEMBER
- ANDREA DRASITES — BOARD MEMBER
- ANGELE ROBINSON-GAYLORD — VICE CHAIR
- ANJEE SOLANKI — BOARD MEMBER
- ANTHONY BUONO — BOARD MEMBER
- ARTURO SNEIDER — BOARD MEMBER
- BO OKOROJI — BOARD MEMBER
- BRIAN ROSS — BOARD MEMBER
- CHARLES DIGIOVANNA — BOARD MEMBER
- CHRIS CONLON — BOARD MEMBER
- CHRIS JOHNSON — BOARD MEMBER
- CHRIS NOBLE — BOARD MEMBER
- CHRISTOPHER HOFFMANN — BOARD MEMBER
- DAN KATZ — BOARD MEMBER
- DANA TELSEY — BOARD MEMBER
relationships · 9
Who they work with
- Congressional Black Caucus Partner — Collaborates through hosted events such as the Retail Real Estate Reception.
- ICSC Network — Member organization producing research for the marketplaces industry.
- ICSC Foundation Network — ICSC collaborates with the ICSC Foundation to provide scholarships and develop talent for the marketplaces industry.
- ICSC Foundation Network — Subsidiary initiative focused on building a talent pipeline for the Marketplaces Industry.
- ICSC Foundation Network — Subsidiary organization focused on developing next-generation industry talent
- ICSC Foundation Network — Supports the development of next-generation talent in the marketplaces industry.
- ICSC Foundation Canada Network — Non-profit, charitable arm of ICSC operating in Canada with aligned talent development goals.
- McKinsey & Company Partner — Collaborates on content featuring insights from industry experts, such as in the "From Where I Sit" podcast series.
- Shea Properties Partner — Collaborated with the city of Cypress on The Square at Cypress mixed-use development.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Algorithmic Networking Enhances Valuable Professional Connectionsmethodology: algorithmic networkingBy using algorithmic matching to connect members with potential business partners, ICSC increases the likelihood of valuable professional connections because targeted introductions based on shared interests and goals are more likely to result in productive collaborations than random networking.
- Data-Driven Research Informs Competitive Business Decisionsmethodology: data_informed_decision_makingBy providing data-driven research, trend analysis, and decision support, ICSC enables members to remain competitive because actionable insights allow for proactive adaptation to market changes and informed strategic planning.
- Diverse Talent and Supplier Inclusion Strengthens Industry Resiliencemethodology: diversity-focused talent developmentBy cultivating talent and creating opportunities for diverse suppliers, ICSC enhances innovation and long-term industry viability because inclusion of varied perspectives and backgrounds leads to more responsive, representative, and resilient marketplaces.
- Multi-Format Professional Development Drives Skill Growthmethodology: multi-format professional developmentBy offering guided learning across online, classroom, and event-based formats, ICSC increases skill development and professional growth because diverse learning modalities meet members at different career stages and improve knowledge retention and application.
- Volunteer Engagement Drives Industry Transformation and Leadership Developmentmethodology: volunteer-driven-industry-changeBy engaging industry leaders as volunteers in conferences, advocacy, and mentoring, ICSC fosters both personal career growth and systemic industry change because service deepens commitment, builds leadership capacity, and aligns individual advancement with collective progress.