2022-08-30T08:13:58-05:00 2021-12-31 131610809 FRIEDMAN LLP ONE LIBERTY PLAZA 165 BROADWAY 21ST FL NEW YORK NY 10006 990 2021-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 115 BROADWAY SUITE 1202 NEW YORK NY 10006 JAMES T PERRY GENERAL COUNSEL 2124322626 2022-08-29 1 JAMES PERRY 999009999 SARAH AVERY P01470673 2128427000 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAMES T PERRY 115 BROADWAY SUITE 1202 NEW YORK NY 10006 10312647 0 X WWW.WTCA.ORG X 1969 DE TO PROMOTE WORLD TRADE THROUGH THE CONCEPT OF WORLD TRADE CENTERS ESTABLISHED IN CITIES THROUGHOUT THE WORLD. 21 21 13 25 0 0 0 0 5693909 6347116 416655 784418 73662 54444 6184226 7185978 0 0 0 0 1663044 2019241 0 0 0 2765806 2772313 4428850 4791554 1755376 2394424 19977952 23293174 806268 1316459 19171684 21976715 X THE WORLD TRADE CENTERS ASSOCIATION MISSION IS TO FOSTER A GLOBAL WORLD TRADE CENTER NETWORK THAT ENHANCES THE BRAND AND PROMOTES PROSPERITY THROUGH TRADE. 0 0 THE WORLD TRADE CENTERS ASSOCIATION ("WTCA") MEMBER SERVICES DEPARTMENT MAINTAINS AND DEVELOPS RESOURCES, EVENTS, AND PROGRAMS FOR THE WTCA MEMBERSHIP WITH THE PURPOSE OF FACILITATING CONNECTIONS AND TRADE AND INVESTMENT OPPORTUNITIES WORLDWIDE. ACTIVITIES CONDUCTED DURING 2021 INCLUDED THE FOLLOWING:GENERAL ASSEMBLY - ONE OF THE ASSOCIATION'S FLAGSHIP EVENTS, GATHERING REPRESENTATIVES FROM OUR WORLDWIDE NETWORK OF MEMBER WORLD TRADE CENTER ("WTC") BUSINESSES AND THEIR CLIENT NETWORKS. IN 2021, THE WTCA OFFERED A FULLY VIRTUAL EVENT, FEATURING THREE DAYS OF LIVESTREAM PROGRAMMING AND A WEEK OF B2B VIRTUAL MEETING OPPORTUNITIES VIA A COMPLIMENTARY ARTIFICIAL INTELLIGENCE (AI)-POWERED MATCHMAKING PLATFORM.MEMBER FORUM - THE OTHER OF THE ASSOCIATION'S 2021 FLAGSHIP EVENTS WAS THE MEMBER FORUM, A GATHERING OF REPRESENTATIVES FROM OUR WORLDWIDE MEMBERSHIP AS WELL AS RENOWNED EXPERTS. IN 2021, THE WTCA PRESENTED A FULLY VIRTUAL EVENT WITH KEYNOTES, PANELS, AND WORKSHOPS FOCUSED ON TRAINING AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS. THE WEEK-LONG EVENT ALSO INCLUDED NETWORKING OPPORTUNITIES VIA A COMPLIMENTARY ARTIFICAL INTELLIEGENCE (AI) POWERED MATCH MAKING PLATFORM, STIMULATING GLOBAL CONNECTIONS AND RAISING VISIBILITY OF THE WTCA BRAND.MEMBER ADVISORY COUNCILS - COMPOSED OF OVER 220 MEMBER REPRESENTATIVES ACROSS ALL THE REGIONS OF THE WORLD, THESE WORKING GROUPS DRIVE GRASS-ROOTS LEVEL INITIATIVES AND BEST PRACTICE PROTOCOLS ACROSS THE CORE WTC BUSINESS MODELS AND SECTORS: NAMELY, AGRICULTURE, BUSINESS CLUBS, CONFERENCES AND EXHIBITIONS, REAL ESTATE, AND TRADE SERVICES. IN 2021, KEY PROJECTS INCLUDED THE PUBLICATION OF THE WTCA TRADE SERVICES OPERATING MANUAL AND A SERIES OF WEBINARS ADDRESSING THE IMPACT OF COVID-19 ON LOCAL ECONOMIES AND BUSINESSES.PUBLIC RELATIONS - CONSISTING OF ONGOING PROGRAMS THAT SEEK TO ELEVATE THE WTCA BRAND THROUGH CONTENT MARKETING, SOCIAL MEDIA MANAGEMENT, MEDIA OUTREACH, PRESS RELEASES, AND KEY MESSAGING TO PROMOTE WTCA INITIATIVES SUCH AS ANNUAL EVENTS AND MEMBERSHIP PROGRAMMING. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 24 0 13 1 0 1 CH 0 0 0 0 0 0 X 21 21 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JERRY HAFEEZ 2124322626 115 BROADWAY 1202 NEW YORK NY 10006 JOHN DREW CHAIRMAN 4.00 X X 0 0 0 REMY SWAAB VICE CHAIR, TREASURER 2.00 0.50 X X 0 0 0 MARIETTE MULAIRE VICE CHAIR, SECRETARY 2.00 X X 0 0 0 TOGBE AFEDE DIRECTOR 1.00 X 0 0 0 EDWARD ALLISON-WRIGHT ON 91521 DIRECTOR 1.00 X 0 0 0 SCOTT CENTER DIRECTOR 2.00 X 0 0 0 ROLF DRAAK DIRECTOR 1.00 0.50 X 0 0 0 IGNACIO DEL ON 91521 DIRECTOR 1.00 0.50 X 0 0 0 MEHRAN EFTEKHAR DIRECTOR 2.00 X 0 0 0 FREERK FABER DIRECTOR 1.00 0.50 X 0 0 0 KAREN GERWITZ ON 91521 DIRECTOR 1.00 X 0 0 0 EUGENIO REYES GUZMAN ON 91521 DIRECTOR 1.00 X 0 0 0 VIJAY KALANTRI DIRECTOR 1.00 0.50 X 0 0 0 HALUK KANCA ON 91521 DIRECTOR 1.00 X 0 0 0 CATHERINE LEE DIRECTOR 1.00 0.50 X 0 0 0 LUCIANO MENEZES DIRECTOR 1.00 0.50 X 0 0 0 GHAZI ABU NAHL DIRECTOR 1.00 X 0 0 0 PAMELA PASCUAL ON 91521 DIRECTOR 1.00 0.50 X 0 0 0 CRISTINA SBAIZERO ON 91521 DIRECTOR 1.00 X 0 0 0 KHAIR ULL-NISSA SHEIKH DIRECTOR 1.00 0.50 X 0 0 0 SIMON WANG ON 91521 DIRECTOR 1.00 X 0 0 0 PEDRO PABLO ALAMOS OFF 91521 DIRECTOR 1.00 0.50 X 0 0 0 LEW CRAMER OFF 91521 DIRECTOR 2.00 X 0 0 0 ANDREA GARWOOD OFF 91521 DIRECTOR 1.00 0.50 X 0 0 0 DIDIER KLING OFF 91521 DIRECTOR 1.00 X 0 0 0 JAMES T PERRY ON 4521 GENERAL COUNSEL 37.00 3.00 X 153358 0 38955 SCOTT RICHIE BOARD SECRETARY 19.00 1.00 X 109894 0 35384 ARUN MANANSINGH EXEC DIR-CORP SVCS 40.00 X 204201 0 13005 ROBIN VAN PUYENBROECK EXEC DIR-BUSINESS DEVLMT 39.00 1.00 X 194134 0 53112 JOANNE THELMO CORPORATE COUNSEL 38.00 2.00 X 48793 0 5690 SCOTT WANG VICE PRES., ASIA-PACIFIC 39.00 1.00 X 167666 0 16597 878046 0 162743 5 0 1 0 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEWY YORK NY 10019 LEGAL SERVICES 203790 CARLOS RONDEROS CARRERA 7 NO 74-21 OFFICINA 306 BOGOTA CO REGIONAL SALES & MEMBER ENGAGEMENT 109992 2 MEMBERSHIP DUES 541990 3927116 3927116 LICENSE FEES 541990 2325000 2325000 OPTION FEES 541990 95000 95000 6347116 276168 276168 3634919 3126669 508250 508250 508250 OTHER INCOME 900099 29444 29444 BAD DEBT RECOVERY 900099 25000 25000 54444 7185978 6372116 0 813862 856886 875067 29560 142170 115558 441368 88242 54159 192068 32175 261348 291478 18211 75373 46906 59062 REGIONAL EXPENSES 747340 PROVISION FOR UNCOLLECT 464583 4791554 1240359 3556216 27161 1375839 807210 817323 116218 114699 157604 69948 106109 87656 13261518 12462422 536144 1243637 647349 340985 3226416 3294397 9468 0 19977952 23293174 310805 631529 372082 337707 123381 347223 806268 1316459 X 19171684 21976715 19171684 21976715 19977952 23293174 X 2394424 736763 -326156 X X 0 1 X 1 0 0 1 0 28897 10180 18717 106431 37492 68939 22276 22276 0 87656 ALTERNATIVE INVESTMENT - HEDGE FUND 1060055 C ALTERNATIVE INVESTMENT - PRIVATE EQUITY 183582 C 1243637 DEFERRED RENT 126098 REFUNDABLE LICENSE FEES 221125 347223 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES FACILITATE MEMBERSHIP SERVICES FOR MEMBERS IN CHINA AND ASIA PACIFIC 200029 EAST ASIA AND THE PACIFIC 1 0 INVESTMENTS 310509 EAST ASIA AND THE PACIFIC 0 1 SALES AND DEVELOPMENT FACILITATE MEMBERSHIP GROWTH AND SERVICES IN EAST ASIA AND THE PACIFIC 129407 SOUTH ASIA 0 0 SALES AND DEVELOPMENT FACILITATE MEMBERSHIP GROWTH AND SERVICES IN SOUTH ASIA 64703 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 SALES AND DEVELOPMENT FACILITATE MEMBERSHIP GROWTH AND SERVICES IN EUROPE 96358 NORTH AMERICA 0 2 SALES AND DEVELOPMENT FACILITATE MEMBERSHIP GROWTH AND SERVICES IN NORTH AMERICA 99872 SOUTH AMERICA 0 2 SALES AND DEVELOPMENT FACILITATE MEMBERSHIP GROWTH AND SERVICES IN SOUTH AMERICA 156971 2 8 0 0 2 8 1057849 0 1057849 0 0 1 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3 THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO RECORD THE EXPENDITURES IN THE REGION. X X X X 0 0 0 JAMES T PERRY ON 4521 GENERAL COUNSEL 151458 0 1900 0 0 0 9096 0 29859 0 192313 0 0 0 ARUN MANANSINGH EXEC DIR-CORP SVCS 200292 0 3909 0 0 0 7756 0 5249 0 217206 0 0 0 ROBIN VAN PUYENBROECK EXEC DIR-BUSINESS DEVLMT 190299 0 3835 0 0 0 11844 0 41268 0 247246 0 0 0 SCOTT WANG VICE PRES., ASIA-PACIFIC 165517 0 2149 0 0 0 9745 0 6852 0 184263 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 NO FAMILY RELATIONSHIPS EXIST BETWEEN ANY OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES. MEHRAN EFTEKHAR, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH GHAZI ABU NAHL, DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION DOES NOT HAVE ANY STOCKHOLDERS BUT IT DOES HAVE TWO CLASSES OF MEMBERSHIP: REGULAR MEMBERS: MEMBERSHIP AS A REGULAR MEMBER IN THE ASSOCIATION IS OPEN TO THOSE LEGALLY CONSTITUTED BODIES, PUBLIC OR PRIVATE, INCLUDING AGENCIES, AUTHORITIES, BOARDS, COMMISSIONS, CORPORATIONS, DEPARTMENTS, DIVISIONS, GOVERNMENTAL BODIES OF ANY TYPE OR CHARACTER, WHETHER INTERNATIONAL, NATIONAL, REGIONAL, STATE OR MUNICIPAL, AND ANY OTHER ORGANIZATION OF WHATEVER TYPE, KIND OR DESCRIPTION, INVOLVED IN OPERATING, DEVELOPING OR PLANNING A WORLD TRADE CENTER BRANDED BUSINESS, DESIGNED FOR THE CENTRALIZED ACCOMMODATION OF ACTIVITIES DEVOTED TO WORLD TRADE. AFFILIATE MEMBERS: MEMBERSHIP AS AN AFFILIATE IN THE ASSOCIATION IS OPEN TO ORGANIZATIONS WHICH DO NOT WANT TO ESTABLISH A WORLD TRADE CENTER BUT WHICH PROVIDE CERTAIN TRADE CENTER-RELATED FACILITIES OR SERVICES OR REPRESENT MEMBERSHIP ORGANIZATIONS OF INTERNATIONAL BUSINESS PEOPLE WHICH COMPLEMENT THE ACTIVITIES OF THE ASSOCIATION. SUCH ORGANIZATIONS INCLUDE GOVERNMENT TRADE OFFICES, EXHIBIT FACILITIES, INTERNATIONAL TRADE CLUBS, ECONOMIC DEVELOPMENT ORGANIZATIONS, CHAMBERS OF COMMERCE AND SIMILAR MEMBERSHIP ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE WTCA'S REGULAR MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. (AFFILIATE MEMBERS DO NOT HAVE SUCH RIGHTS.) NOTICES ARE SENT TO THE WTCA'S REGULAR MEMBERS FOR BOARD ELECTIONS. BALLOTS ARE CAST VIA A SECURE INTERNET SITE, FACSIMILE OR E-MAIL TO THE DESIGNATED ELECTION MONITOR. BALLOTING CLOSES PROMPTLY AT 5PM ON THE CLOSE OF THE ELECTION PERIOD AND NO BALLOTS WILL BE ACCEPTED AFTER THAT TIME. THE BALLOTS ARE CAST; NO BALLOTS ARE DOUBLE COUNTED IF THEY ARE SUBMITTED TWICE. BASED ON THE COUNTS, THE NEW BOARD MEMBERS ARE ELECTED BY GEOGRAPHIC REGIONS WITH THE MOST VOTES AND THEN WINNERS ARE CONFIRMED. VOTING RECORDS ARE MAINTAINED IN CONFIDENCE. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO HAVING THE AUTHORITY TO ELECT THE MEMBERS OF THE GOVERNING BODY, REGULAR MEMBERS MAY VOTE ON ANY OTHER MATTER THAT THE BOARD OF DIRECTORS DESIGNATES IN ADVANCE OF THE GENERAL ASSEMBLY AND HAVE AUTHORITY TO ALTER OR AMEND THE CERTIFICATE OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 REVIEW IS PERFORMED BY ALL BOARD MEMBERS AND WTCA'S FINANCE DEPARTMENT WITH COMPARISON TO THE AUDITED FINANCIAL STATEMENTS AND SCHEDULES PROVIDED TO THE TAX PREPARER. THE FINAL FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS AFTER FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY BY REQUIRING ALL OFFICERS, DIRECTORS, AND EMPLOYEES TO ANNUALLY RE-AFFIRM THE POLICY BY SIGNING A CONFLICT-OF-INTEREST DISCLOSURE FORM, WHICH INCLUDES AN UPDATED LIST OF ALL VENDORS WITH WHICH WTCA OR ANY WTCA AFFILIATE TRANSACTS BUSINESS. BASED ON THE SUBMITTED DISCLOSURE FORMS, THE BOARD SECRETARY COMPILES A MASTER CHART OF EVERY ENTITY WITH WHICH EACH OFFICER, DIRECTOR, AND EMPLOYEE (OR THEIR IMMEDIATE RELATIVES) HAS A FINANCIAL INTEREST AND PROVIDES THAT CHART TO THE AUDIT AND RISK COMMITTEE FOR REVIEW. COPIES OF THE DISCLOSURE FORMS ARE KEPT BY THE BOARD SECRETARY. ANY OFFICER, DIRECTOR, OR EMPLOYEE IS RECUSED FROM PARTICIPATING IN ANY MATTER THAT PRESENTS A POTENTIAL RELATED PARTY TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE NOMINATION AND COMPENSATION COMMITTEE RECOMMENDS ALL COMPENSATION TO THE INDEPENDENT BOARD OF DIRECTORS FOR APPROVAL. DURING THE BUDGETING PROCESS, THERE IS A DETAILED REVIEW OF COMPENSATION AND FRINGE BENEFITS FOR THE EXECUTIVE DIRECTOR-CORPORATE SERVICES, EXECUTIVE DIRECTOR-BUSINESS DEVELOPMENT, AND CORPORATE COUNSEL, AS WELL AS OTHER EMPLOYEES AND NEW HIRES. THE METHOD USED COMPARES BENCHMARKS, SURVEYS AND ANALYSIS OF OTHER NONPROFIT ASSOCIATIONS WITH SIMILAR BUSINESS OPERATIONS IN THE NEW YORK AREA. THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THE PROCESS WAS LAST CONDUCTED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET ADJUSTMENT -326,156. WORLD TRADE CENTERS ASSOCIATION FOUNDATION 115 BROADWAY SUITE 1202 NEW YORK NY 10006 261591065 GRANTMAKING NY 501(C)(3) PF WORLD TRADE CENTERS ASSOCIATION INC 0 WTCA HOLDINGS LIMITED 253-261 HENNESSY RD WANCHAI HONG KONG CH PROVIDE FACILITY DEVELOPMENT AND TRADE SERVICES TO WTCA CH WORLD TRADE CENTERS ASSOCIATION INC C -17337 314343 1.00000 1 WORLD TRADE CENTER (BEIJING) BUSINESS SERVICES CO LTD 28 JIANGUOMENNEI AVE BEIJING CH PROVIDE FACILITY DEVELOPMENT AND TRADE SERVICES TO WTCA CH WORLD TRADE CENTERS ASSOCIATION INC C -205711 37627 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: