The International Council Of Shop Ping Centers Foundation Inc
- Assets
- $15.4m
- Revenue
- $992.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 13-3525440
Organization Overview
The International Council Of Shop Ping Centers Foundation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Council Of Shop Ping Centers Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, International Council Of Shop Ping Centers Foundation Inc generated $992.2k 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 (4.6%) each year. All expenses for the organization totaled $525.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, International Council Of Shop Ping Centers Foundation Inc has awarded 138 individual grants totaling $2,401,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO CREATING A VIBRANT RETAIL REAL ESTATE INDUSTRY, THE FOUNDATION IS COMMITTED TO BUILDING THE INDUSTRYS NEXT GENERATION OF TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauri Novick President | OfficerTrustee | 35 | $0 |
Brian Finnegan Vice Chair | OfficerTrustee | 1 | $0 |
Laurie Mahowald Chair | OfficerTrustee | 1 | $0 |
Stefan Freiberg Cfo, Treasurer (thru 03/21) | OfficerTrustee | 1 | $0 |
Sean Kron Cfo, Treasurer (as Of 06/21) | OfficerTrustee | 1 | $0 |
Peter S Eisenberg Past Chair (thru 12/21) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,525 |
| Total Program Service Revenue | $0 |
| Investment income | $308,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,155 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,582 |
| Grants and other assistance to domestic individuals. | $38,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,557 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,386 |
| Fees for services: Other | $31,102 |
| Advertising and promotion | $3,961 |
| Office expenses | $23,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $525,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,599,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $568,269 |
| Accounts receivable, net | $0 |
| 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 | $12,283 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,233,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,684 |
| Total assets | $15,419,811 |
| Accounts payable and accrued expenses | $23,933 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,339 |
| Total liabilities | $39,272 |
| Net assets without donor restrictions | $11,842,724 |
| Net assets with donor restrictions | $3,537,815 |
| 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 | $15,419,811 |
Grants Awarded
Over the last fiscal year, The International Council Of Shop Ping Centers Foundation Inc has awarded $259,183 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: Scholarship | $64,000 |
Piscataway, NJ PURPOSE: Scholarship | $38,200 |
Ithaca, NY PURPOSE: Scholarship | $35,000 |
Dallas, TX PURPOSE: Scholarship | $17,000 |
New York, NY PURPOSE: Scholarship | $10,333 |
New Orleans, LA PURPOSE: Scholarship | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The International Council Of Shop Ping Centers Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Northshore Community Foundation Covington, LA PURPOSE: SUPPORT THE MAURIN-OGDEN TULANE TALENT INCUBATOR FUND | $50,000 |
Endowment Analysis
| Beg. Balance | $3,161,750 |
| Earnings | $283,380 |
| Net Contributions | $500,750 |
| Grants | $408,065 |
| Ending Balance | $3,537,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |