2021-04-14T09:26:40-05:00 2020-06-30 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10017 990 2019-07-01 980459408 WORLD ECONOMIC FORUM % JULIEN GATTONI WORL 0228691212 91-93 ROUTE DE LA CAPITE COLOGNY GENEVA SZ CH-1223 JULIEN GATTONI MANAGING DIRECTOR 0228691212 2021-04-14 true LAURA J PARELLO P01080295 6464713000 2021-04-14 2019 2022-09-23 18:48:47Z Julien Gattoni 91-93 ROUTE DE LA CAPITE COLOGNY GENEVA SZ CH-1223 490530538 false X www.weforum.org X 1971 SZ THE WORLD ECONOMIC FORUM, COMMITTED TO IMPROVING THE STATE OF THE WORLD, IS THE INTERNATIONAL ORGANIZATION FOR PUBLIC-PRIVATE COOPERATION. 30 29 306 29 0 0 18527704 30800117 298635508 305834725 10101457 12134084 10892184 11870488 338156853 360639414 0 0 0 0 139945683 156518377 0 0 0 176561435 179957550 316507118 336475927 21649735 24163487 607640514 691686183 273754694 312238649 333885820 379447534 X SEE SCHEDULE O false false MEETINGS THE FORUM HOSTS A VARIETY OF MEETINGS ON AN ANNUAL BASIS INCLUDING THE ANNUAL MEETING IN DAVOS, AN ANNUAL MEETING OF NEW CHAMPIONS IN CHINA, AND MULTIPLE REGIONAL MEETINGS AROUND THE WORLD. THE FORUM'S ANNUAL MEETING IN DAVOS IS AN INTERNATIONALLY RECOGNIZED EVENT THAT BRINGS TOGETHER MANY OF THE WORLD'S TOP BUSINESS LEADERS - INCLUDING THE CEO'S OF ITS 1,000 MEMBER COMPANIES - AS WELL AS POLITICAL LEADERS, RELIGIOUS LEADERS NGO REPRESENTATIVES, INTELLECTUALS, AND JOURNALISTS. IN ADDITION, THE FORUM HOSTS SIX TO NINE ANNUAL REGIONAL MEETINGS AND ORGANIZES OTHER MEETINGS ON VARIOUS BUSINESS-RELATED TOPICS. BUSINESS NETWORKS AND INITIATIVES THE FORUM HAS DEVELOPED A NUMBER OF PARTNERSHIP NETWORKS THAT ARE DESIGNED TO LINK BUSINESSES BASED ON DIFFERENT CHARACTERISTICS, SUCH AS REGION OR INDUSTRY. ADDITIONALLY, THE FORUM SPONSORS INITIATIVES THAT ENCOURAGE PUBLIC-PRIVATE PARTNERSHIPS TO TACKLE GLOBAL ISSUES. REPORTS THE FORUM CONDUCTS RESEARCH AND ISSUES SUBSTANTIVE REPORTS AND WHITEPAPERS THAT FOCUS ON THE INTERSECTIONS BETWEEN GEOPOLITICS, ECONOMICS, TECHNOLOGY, AND SOCIETY. THE RESEARCH ACTIVITIES HAVE INCLUDED ECONOMIC COMPETITIVENESS, GLOBAL RISKS GENDER PARITY, AND SECURITY, EMPHASIZING BENCHMARKING STRATEGIC FORESIGHT, AND SHARING BEST PRACTICES. false true false false false false true false false true false false false true false true false false true true false false false false false false false false true false false false false false false false false false false false false true true true true false false 39 0 306 true false true CH SZ IN JA false false false false false false X 30 29 true false false false false false false true true false false true true false true true false true true false X JULIEN GATTONI 0228691212 91-93 ROUTE DE LA CAPITE CH-1223 COLOGNY/GENEVA SZ KLAUS SCHWAB FOUNDER AND EXECUTIVE CHAIRMAN 40.0 0.0 X X 1106640 0 4510 BORGE BRENDE PRESIDENT OF MANAGING BOARD 40.0 0.0 X 995976 0 106643 LEE HOWELL MANAGING DIRECTOR 40.0 0.0 X 725185 0 91532 JEREMY JURGENS MANAGING DIRECTOR 40.0 0.0 X 725185 0 84339 ALOIS ZWINGGI MANAGING DIRECTOR 40.0 0.0 X 704226 0 95002 ADRIAN MONCK MANAGING DIRECTOR 40.0 0.0 X 704226 0 82075 MURAT SONMEZ MANAGING DIRECTOR 40.0 0.0 X 716945 0 63418 OLIVIER SCHWAB MANAGING DIRECTOR 40.0 0.0 X 676392 0 82688 RICHARD SAMANS MANAGING DIRECTOR 40.0 0.0 X 693437 0 65168 SARITA NAYYAR MANAGING DIRECTOR 40.0 0.0 X 690862 0 64928 ANIL MENON MANAGING DIRECTOR 40.0 0.0 X 647217 0 78323 DOMINIC WAUGHRAY MANAGING DIRECTOR 40.0 0.0 X 613514 0 72279 JULIEN GATTONI MANAGING DIRECTOR 40.0 0.0 X 604628 0 71259 DAVID AIKMAN CHIEF REPRESENTATIVE OFFICER 40.0 0.0 X 619427 0 52905 KNUT HAANAES DEAN GLOBAL LEADERSHIP INSTI. 40.0 0.0 X 558858 0 71584 EMMA BENAMEUR MANAGING DIRECTOR 40.0 0.0 X 565393 0 51439 SAADIA ZAHIDI MANAGING DIRECTOR 40.0 0.0 X 565393 0 51439 PAUL SMYKE HEAD OF REGIONAL AGENDA - NA 40.0 0.0 X 499572 0 50500 ARNAUD BERNAERT HEAD OF SHAPING FUTURE HEALTH 40.0 0.0 X 440916 0 48991 ROBERTO BOCCA HEAD FUTURE ENERGY & MATERIAL 40.0 0.0 X 429910 0 47716 MALTE GODBERSEN HEAD OF TECHNOLOGY AND DIGITAL 40.0 0.0 X 423312 0 54184 MAKIKO EDA CHIEF REP. 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FORM 990, SCHEDULE D, PART XI, LINE 2D IN KIND CONTRACTS 18,893,258 FORM 990, SCHEDULE D, PART XII, LINE 2D IN KIND CONTRACTS 18,893,258 STRATEGIC RESERVES ALLOCATION 23,629,728 ____________ TOTAL 42,522,986 Central America and the Caribbean 0 0 Program Services 14576 East Asia and the Pacific 0 0 Program Services 2153444 Sub-Saharan Africa 0 0 Program Services 571130 Europe (Including Iceland and Greenland) 0 0 Program Services 73923198 Middle East and North Africa 0 0 Program Services 3433130 North America 0 0 Program Services 74208 Russia and the Newly Independent States 0 0 Program Services 6828 South America 0 0 Program Services 598586 South Asia 0 0 Program Services 332761 Europe (Including Iceland and Greenland) 1 644 Maintaining offices 179145044 East Asia and the Pacific 3 62 Maintaining offices 11181673 Europe (Including Iceland and Greenland) 0 0 Investments 138036924 4 706 4 706 409471502 409471502 false false false false false false X X false true X X X X X false false false KLAUS SCHWAB FOUNDER AND EXECUTIVE CHAIRMAN 1106640 4510 1111150 ADRIAN MONCK MANAGING DIRECTOR 704226 64638 17437 786301 ALOIS ZWINGGI MANAGING DIRECTOR 704226 77565 17437 799228 BORGE BRENDE PRESIDENT OF MANAGING BOARD 995976 85111 21532 1102619 JEREMY JURGENS MANAGING DIRECTOR 725185 66524 17815 809524 JULIEN GATTONI MANAGING DIRECTOR 604125 503 55624 15635 675887 LEE HOWELL MANAGING DIRECTOR 725185 72519 19013 816717 OLIVIER SCHWAB MANAGING DIRECTOR 676392 65149 17539 759080 RICHARD SAMANS MANAGING DIRECTOR 693437 28000 37168 758605 MURAT SONMEZ MANAGING DIRECTOR 716945 26250 37168 780363 SARITA NAYYAR MANAGING DIRECTOR 690362 500 28000 36928 755790 STEPHAN RUIZ HEAD GROUP CONTROL,FINANCE,OPP 352664 30500 1554 28000 37479 450197 DOMINIC WAUGHRAY MANAGING DIRECTOR 613514 56474 15805 685793 EMMA BENAMEUR MANAGING DIRECTOR 565393 36500 14939 616832 MEL ROGERS HEAD OF STRATEGIC AFFAIRS 358101 38758 22988 10161 430008 DAVID AIKMAN CHIEF REPRESENTATIVE OFFICER 580638 38789 40329 12576 672332 MALTE GODBERSEN HEAD OF TECHNOLOGY AND DIGITAL 389947 33365 43223 10961 477496 PAUL SMYKE HEAD OF REGIONAL AGENDA - NA 457880 39886 1806 28000 22500 550072 ROBERTO BOCCA HEAD FUTURE ENERGY & MATERIAL 396409 33501 36599 11117 477626 TROELS OERTING JORGENSEN HEAD OF THE CENTRE FOR CYBERSE 333783 503 44479 8271 387036 ARNAUD BERNAERT HEAD OF SHAPING FUTURE HEALTH 413748 27168 37604 11387 489907 KNUT HAANAES DEAN GLOBAL LEADERSHIP INSTI. 526227 32631 57556 14028 630442 MAKIKO EDA CHIEF REP. OFFICER, JAPAN 416876 35832 6245 458953 SAADIA ZAHIDI MANAGING DIRECTOR 565393 36500 14939 616832 ANIL MENON MANAGING DIRECTOR 586855 60362 63913 14410 725540 FORM 990, SCHEDULE J, PART I, LINE 1A IN EXCEPTIONAL SITUATIONS, THE CHAIRMAN, ACCOMPANIED BY HIS SPOUSE, MAY BE PROVIDED WITH PRIVATE AIR TRAVEL. AS A PUBLIC FIGURE, THESE OCCASIONS ARE INTENDED TO MEET SECURITY OR OPERATIONAL EFFICIENCY REQUIREMENTS. MISSION STATEMENT - FORM 990, PART III, LINE 1 THE WORLD ECONOMIC FORUM, COMMITTED TO IMPROVING THE STATE OF THE WORLD, IS THE INTERNATIONAL ORGANIZATION FOR PUBLIC-PRIVATE COOPERATION. THE FORUM ENGAGES THE FOREMOST POLITICAL, BUSINESS AND OTHER LEADERS OF SOCIETY TO SHAPE GLOBAL, REGIONAL AND INDUSTRY AGENDAS. IT WAS ESTABLISHED IN 1971 AS A NOT-FOR-PROFIT FOUNDATION AND IS HEADQUARTERED IN GENEVA, SWITZERLAND. IT IS INDEPENDENT, IMPARTIAL AND NOT TIED TO ANY SPECIAL INTERESTS. THE FORUM STRIVES IN ALL ITS EFFORTS TO DEMONSTRATE ENTREPRENEURSHIP IN THE GLOBAL PUBLIC INTEREST WHILE UPHOLDING THE HIGHEST STANDARDS OF GOVERNANCE. MORAL AND INTELLECTUAL INTEGRITY IS AT THE HEART OF EVERYTHING IT DOES. OUR ACTIVITIES ARE SHAPED BY A UNIQUE INSTITUTIONAL CULTURE FOUNDED ON THE STAKEHOLDER THEORY, WHICH ASSERTS THAT AN ORGANIZATION IS ACCOUNTABLE TO ALL PARTS OF SOCIETY. THE INSTITUTION CAREFULLY BLENDS AND BALANCES THE BEST OF MANY KINDS OF ORGANIZATIONS, FROM BOTH THE PUBLIC AND PRIVATE SECTORS, INTERNATIONAL ORGANIZATIONS AND ACADEMIC INSTITUTIONS. RECOGNIZING THAT THE MAJOR GLOBAL CHALLENGES REQUIRE INTERNATIONAL AND INTERDISCIPLINARY COLLABORATION AMONG ALL STAKEHOLDERS OF GLOBAL SOCIETY, THE FORUM INTEGRATES LEADERS FROM BUSINESS, GOVERNMENTS, ACADEMIA AND SOCIETY AT LARGE INTO A GLOBAL COMMUNITY COMMITTED TO IMPROVING THE STATE OF THE WORLD. THE FORUM THUS SERVES THE WORLD'S PREEMINENT LEADERS AS AN INDEPENDENT AND IMPARTIAL PARTNER AND AS A COMPREHENSIVE AND INTEGRATED PLATFORM FOR PUBLIC-PRIVATE COOPERATION. TO ACHIEVE ITS MISSION, THE FORUM ACTS AS A CATALYST FOR THOUGHT LEADERSHIP AND ACTION MAINLY IN THE FORM OF PUBLIC-PRIVATE COOPERATION. FOR THIS PURPOSE, THE FORUM IDENTIFIES ISSUES ON THE GLOBAL, REGIONAL AND INDUSTRY AGENDAS, SEEKS SOLUTIONS AND, WHEREVER POSSIBLE, CREATES PARTNERSHIPS FOR ACTION. THE FORUM ALWAYS ACTS IN THE SPIRIT OF ENTREPRENEURSHIP IN THE GLOBAL PUBLIC INTEREST, COMBINING THE FORCES OF CREATIVE THINKING, INNOVATIVE INITIATIVES AND INTELLECTUAL INTEGRITY WITH THE WILL TO ADVANCE PEACE AND PROSPERITY IN THE WORLD. IN ITS ACTIVITIES, THE FORUM FULLY RESPECTS THE ESSENTIAL ROLE PLAYED BY GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS, IN PARTICULAR BY THE UNITED NATIONS, AS WELL AS BY THEIR VARIOUS AFFILIATED INSTITUTIONS. FAMILY RELATIONSHIP - FORM 990, PART VI, SECTION A, LINE 2 PROF. KLAUS SCHWAB (CHAIRMAN) AND OLIVIER SCHWAB (MANAGING DIRECTOR) HAVE A FAMILY RELATIONSHIP. FORM 990 REVIEW PROCESS- FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON THE INFORMATION PROVIDED BY THE ORGANIZATION'S HEAD OF FINANCE UNDER THE RESPONSIBILITY OF THE CHIEF FINANCIAL OFFICER. IT IS THEN REVIEWED AND APPROVED BY THE CHIEF FINANCIAL OFFICER, AND THEN CIRCULATED TO THE MANAGING BOARD FOR COMMENT BEFORE FILING. CONFLICT OF INTEREST POLICY-FORM 990, PART VI,SECTION B,LINE 12A AN ONLINE TRAINING HAS BEEN DEVELOPED AND ASSIGNED TO ALL EMPLOYEES. THE TRAINING IS ON THE CODE OF CONDUCT INTEGRATING THE CONFLICT OF INTEREST TOPIC. CONFLICT OF INTEREST POLICY EMPLOYEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT CONFLICTS OF INTERESTS. A CONFLICT OF INTEREST ARISES WHEN YOUR PERSONAL INTERESTS OR THOSE OF YOUR SPOUSE, CLOSE RELATIVES, PERSONAL RELATIONSHIPS, FRIENDS OR THIRD PARTIES INTERFERE, OR COULD BE PERCEIVED AS INTERFERING, WITH YOUR PROFESSIONAL JUDGMENT, OBJECTIVITY, INDEPENDENCE OR LOYALTY TO THE FORUM. THIS POLICY ESTABLISHES ONLY THE FRAMEWORK WITHIN WHICH THE FORUM WISHES BUSINESS TO OPERATE. FORUM STAFF ARE EXPECTED TO INFORM THE CHIEF HUMAN RESOURCES OFFICER AND/OR THE HEAD OF THE LEGAL DEPARTMENT AS SOON AS IT IS CLEAR THAT A POTENTIAL CONFLICT OF INTEREST WILL ARISE, SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. PERSONAL GAIN MAY RESULT NOT ONLY IN CASES WHERE AN EMPLOYEE OR RELATIVE HAS A SIGNIFICANT OWNERSHIP IN A FIRM WITH WHICH THE FORUM DOES BUSINESS, BUT ALSO WHEN AN EMPLOYEE OR RELATIVE RECEIVE SUBSTANTIAL GIFT OR SPECIAL CONSIDERATION AS A RESULT OF ANY TRANSACTION OR BUSINESS DEALINGS INVOLVING THE FORUM. WORKING OUTSIDE THE FORUM AND DIRECTORSHIP OUTSIDE THE FORUM ARE SUBJECT TO THE FORUM'S CONFLICT OF INTEREST POLICIES. FORUM STAFF MAY GAIN ACCESS TO CONFIDENTIAL, INSIDER OR NON-PUBLIC INFORMATION REGARDING THE FORUM, THE FORUM MEMBERS, THE FORUM'S CONTRACTORS OR OTHER THIRD PARTIES. SUCH INFORMATION MAY NOT BE DISCLOSED FOR ANY PURPOSE OTHER THAN THAT OF THE FORUM. ALL DISCLOSURES REQUIRED BY THIS POLICY ARE TO BE DECLARED IN WRITING TO THE CHIEF HUMAN RESOURCES OFFICER AND/OR THE HEAD OF THE LEGAL DEPARTMENT AS SOON AS IS REASONABLY POSSIBLE ONCE AN ACTIVITY OUTSIDE THE FORUM IS UNDERTAKEN. CONFLICT OF INTEREST POLICY-FORM 990,PART VI,SECTION B,LINE 12B&C THE FORUM HAS A CONFLICT OF INTEREST POLICY TO REQUIRE MANAGING BOARD MEMBERS AND OFFICERS EMPLOYED BY THE FORUM TO DISCLOSE ANY CONFLICTS OF INTEREST WHEN THEY ARISE. ANY POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE RAISED TO THE CHIEF HUMAN RESOURCES OFFICER AND/OR THE HEAD OF THE LEGAL DEPARTMENT. THE FORUM IS CURRENTLY WORKING ON A PROJECT TO CENTRALIZE DECLARATIONS OF CONFLICT OF INTEREST AND A PROCESS TO RENEW THE DECLARATIONS ANNUALLY. DOCUMENT RETENTION POLICY - FORM 990, PART VI, SECTION B, LINE 14 THE WORLD ECONOMIC FORUM DOES NOT HAVE A POLICY FOR RETENTION AND DESTRUCTION OF WRITTEN DOCUMENTS. HOWEVER, THEIR DISREGARDED ENTITY THE WORLD ECONOMIC FORUM USA LLC DOES HAVE A POLICY FOR RETENTION AND DESTRUCTION OF WRITTEN DOCUMENTS AND THERE IS A PLAN IN THE FUTURE TO IMPLEMENT A POLICY FOR RETENTION AND DESTRUCTION OF WRITTEN DOCUMENTS. COMPENSATION REVIEW PROCESS-FORM 990, PART VI, SECTION B, LINE 15 THE CHAIRMAN'S SALARY IS INITIALLY SET BASED ON A SURVEY OF COMPARABLE POSITIONS AND IN CONSULTATION WITH INDEPENDENT OUTSIDE EXPERTS INCLUDING AN EXECUTIVE SEARCH FIRM. IT IS THEN RATIFIED BY THE BOARD OF DIRECTORS AND HAS NOT BEEN CHANGED SINCE RATIFICATION. THE CHAIRMAN RECUSES HIMSELF DURING BOARD DISCUSSIONS RELATING TO HIS COMPENSATION. THE CHAIRMAN DOES NOT RECEIVE ANY PERFORMANCE RELATED BONUS OR SIMILAR FORM OF COMPENSATION. FOR THE OTHER OFFICERS, THE COMPENSATION PROCESS IS LED BY THE CHAIRMAN. INITIALLY SALARY LEVELS ARE SET BASED ON A SURVEY OF COMPARABLE POSITIONS AND IN CONSULTATION WITH INDEPENDENT OUTSIDE EXPERTS INCLUDING AN EXECUTIVE SEARCH FIRM. PERFORMANCE IS ASSESSED ON AN ANNUAL BASIS THROUGH AN ORGANIZATION-WIDE FORMAL REVIEW PROCESS. GOVERNING DOCUMENTS- FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS RELATED TO GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS HAVE BEEN MADE AVAILABLE TO THE PUBLIC DURING FISCAL YEAR 2020. OTHER CHANGES IN NET ASSETS - PART XI, LINE 9 FX DIFFERENCE BETWEEN BOY AND EOY BALANCE SHEET $5,542,647 CHANGE OF SCOPE OF CONSOLIDATION BETWEEN BOY AND EOY $15,855,580 ______________ TOTAL $21,398,227 FORM 990 PART IX LINE 11G DESCRIPTION:EXTERNAL STAFF CHARGES TOTAL FEES:9743293 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:24150443 World Economic Forum USA LLC 350 MADISON AVE 11TH FLOOR NEW YORK NY 10017 203908371 MEMBERSHIPS DE 56389883 103906744 WEF World Economic Forum Japan 12-32 Akasaka 1-Chome MinatoKu JA 107-60 Memberships JA 0 394736 WEF SCHWAB FOUNDATION 91-93 route de la Capite Cologny Geneva SZ 1223 Grants SZ 1511088 10099406 WEF YOUNG GLOBAL LEADERS FOUNDATION 91-93 route de la Capite Cologny Geneva SZ 1223 Grants SZ 684052 4397602 WEF GLOBAL SHAPERS FOUNDATION 91-93 route de la Capite Cologny Geneva SZ 1223 Grants SZ 123355 1240219 WEF WORLD ARTS FORUM FOUNDATION 91-93 route de la Capite Cologny Geneva SZ 1223 Grants SZ 13984 118349 WEF