2021-10-08T09:44:06-05:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 115 BROADWAY NO 1202 NEW YORK NY 10006 ARUN MANANSINGH EXECUTIVE DIRECTOR, CORPORATE SVCS. 2124322626 2021-10-07 1 ARUN MANANSINGH 999009999 GARRETT M HIGGINS P00543209 9143818900 2021-10-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ARUN MANANSINGH 115 BROADWAY NO 1202 NEW YORK NY 10006 8819575 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. 18 18 17 21 0 0 0 0 5075824 5693909 374311 416655 132999 73662 5583134 6184226 0 0 0 0 2496036 1663044 0 0 0 4135907 2765806 6631943 4428850 -1048809 1755376 17642698 19977952 1443719 806268 16198979 19171684 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 PROGRAM PROVIDES OVERALL SUPPORT FOR THE NEEDS OF THE GENERAL WTCA MEMBERSHIP PROVIDING TOOLS, TRAINING AND ASSISTANCE TO HELP FOSTER THE SUCCESS OF WTCA MEMBERS. IT INTEGRATES NEWLY APPROVED MEMBERS INTO THE NETWORK AND MANAGES THE WTCA QUALITY CERTIFICATION PROGRAM. IT ALSO DEVELOPS PUBLICATIONS AND DIRECTORIES TO PROMOTE THE WTCA NETWORK AND ENCOURAGE MEMBER DIALOGUE, COOPERATION AND EXCHANGE. ACTIVITIES CONDUCTED DURING 2020 INCLUDED THE FOLLOWING:PUBLIC RELATIONS CAMPAIGN- ONGOING PUBLIC RELATIONS PROGRAM SEEKS TO ELEVATE THE WTCA BRAND THROUGH MEDIA OUTREACH STORIES; A CUSTOM-CRAFTED RESEARCH REPORT; MEDIA-FACING EVENTS; AND KEY MESSAGING THROUGH PRESS MATERIALS RELATED TO EVENTS AND CONTENT MARKETING. MEMBER COMMUNICATIONS- ONGOING COMMUNICATIONS THROUGH WTCA'S ONLINE MAGAZINE, "WTCA MERIDIAN", TO KEEP MEMBERS INFORMED ABOUT THE WTC NETWORK AND MEMBER ACTIVITIES.MEMBER ADVISORY COUNCILS- FACILITATE NEARLY 50 ANNUAL VIRTUAL MEETINGS AND PROGRAMS OF THE NINE MEMBER ADVISORY COUNCILS, WHICH ATTRACT MORE THAN 223 MEMBER REPRESENTATIVES FROM 132 WORLD TRADE CENTERS AND DRIVE MEMBER ENGAGEMENT AND INNOVATION. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16 0 17 1 0 1 CH 0 0 0 0 0 0 X 18 18 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JERRY HAFEEZ ACCOUNTING MANAGER 2124322626 115 BROADWAY NO 1202 NEW YORK NY 10006 JOANNE THELMO CORPORATE COUNSEL 38.00 2.00 X 218202 0 29881 ARUN MANANSINGH EXECUTIVE DIRECTOR-CORPORATE SERVICES 40.00 X 202125 0 13514 SCOTT RICHIE SECRETARY 18.00 2.00 X 165465 0 37496 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 39.00 1.00 X 170528 0 14649 ROBIN VAN PUYENBROECK EXEC DIR.-BUS. DEVEL. STARTING JUNE 2020 40.00 X 98870 0 27562 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 PEDRO PABLO ALAMOS DIRECTOR 1.00 0.50 X 0 0 0 SCOTT CENTER DIRECTOR 2.00 X 0 0 0 LEW CRAMER DIRECTOR 2.00 X 0 0 0 ROLF DRAAK 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 CHARLOTTE GALLOGLY DIRECTOR THROUGH APRIL 2020 2.00 0.50 X 0 0 0 ANDREA GARWOOD DIRECTOR 2.00 0.50 X 0 0 0 VIJAY KALANTRI DIRECTOR 1.00 0.50 X 0 0 0 DIDIER KLING 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 KHAIR ULL-NISSA SHEIKH DIRECTOR 1.00 0.50 X 0 0 0 JIANRONG YANG DIRECTOR THROUGH JUNE 2020 1.00 X 0 0 0 WALTER MS YEH DIRECTOR THROUGH SEPTEMBER 2020 1.00 X 0 0 0 HONGSHAN ZHANG DIRECTOR 1.00 X 0 0 0 855190 0 123102 4 0 1 0 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEW YORK NY 10019 LEGAL SERVICES 243425 CARLOS RONDEROS CARRERA 7 NO 74-21 OFFICINA 306 BOGOTA CO INTERNATIONAL TRADE CONSULTANT 117045 MARTIN SALLOUM 13607 SUNSET COURT SUMMERLAND BRITISH COLUMBIA CA SALES AND SERVICES CONSULTANT 110928 3 MEMBERSHIP DUES 900099 4036909 4036909 LICENSE FEES 900099 1632000 1632000 OPTION FEES 900099 25000 25000 5693909 272219 272219 2779785 2635349 144436 144436 144436 OTHER INCOME 900099 48295 48295 WTCAH ADMIN FEE 900099 25367 25367 73662 6184226 5719276 0 464950 793116 578744 36729 154903 99552 413355 81400 67369 105834 246411 101646 241924 325662 1556 29335 930 30321 57865 REGIONAL EXPENSES 819573 BAD DEBT 205125 LICENSING COMMISSION 37500 4428850 338747 1240359 24594 27161 568210 807210 140598 116218 157604 51495 131988 106109 12096419 13261518 499523 536144 653275 647349 3151754 3226416 37590 9468 17642698 19977952 529675 310805 817700 372082 96344 123381 1443719 806268 X 16198979 19171684 16198979 19171684 17642698 19977952 1755376 1228402 -11073 0 X X 0 1 X 1 0 0 1 0 28897 6239 22658 106431 22980 83451 22276 22276 0 106109 DEFERRED RENT 114685 DUE TO WTCA FOUNDATION 8696 123381 X 7365576 1228402 45684 1274086 6091490 67369 25367 92736 6184226 4466807 130693 130693 4336114 67369 25367 92736 4428850 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE ASSOCIATION'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ENTITIES INCLUDED IN CONSOLIDATED AFS 45,684. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATED RELATED ENTITY INCOME 25,367. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ENTITIES INCLUDED IN CONSOLIDATED AFS 130,693. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATED RELATED ENTITY EXPENSE 25,367. EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES FACILITATE MEMBERSHIP SERVICES FOR WTCA MEMBERS IN CHINA AND THE REST OF THE ASIA PACIFIC REGION. 188646 EAST ASIA AND THE PACIFIC INVESTMENTS 647349 1 1 0 0 1 1 835995 0 835995 0 0 1 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO RECORD THE EXPENDITURES IN THE REGION. PART III ACCOUNTING METHOD: PART IV, LINE 3: THE ORGANIZATION HAS INTERESTS IN FOREIGN CORPORATIONS AND IS FILING FORM 5471. X X X X 0 0 0 JOANNE THELMO CORPORATE COUNSEL 217944 0 0 0 258 0 13335 0 16546 0 248083 0 0 0 ARUN MANANSINGH EXECUTIVE DIRECTOR-CORPORATE SERVICES 202017 0 0 0 108 0 8342 0 5172 0 215639 0 0 0 SCOTT RICHIE SECRETARY 165465 0 0 0 0 0 7796 0 29700 0 202961 0 0 0 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 170362 0 0 0 166 0 9909 0 4740 0 185177 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MEHRAN EFTEKHAR, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH GHAZI ABU NAHL, DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS TWO CLASSES OF MEMBERSHIP: REGULAR MEMBERS: MEMBERSHIP AS A REGULAR MEMBER IN THE ASSOCIATION IS OPEN ONLY TO THOSE LEGALLY CONSTITUTED BODIES, PUBLIC OR PRIVATE, INCLUDING AGENCIES, AUTHORITIES, BOARDS, COMMISSIONS, CORPORATIONS, DEPARTMENTS, DIVISIONS, GOVERNMENTS, OR 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, DESIGNED FOR THE CENTRALIZED ACCOMMODATION OF ACTIVITIES DEVOTED TO WORLD TRADE. AFFILIATE MEMBERS: MEMBERSHIP AS AN AFFILIATE 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 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 AND IN PERSON AT THE GENERAL ASSEMBLY. 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 THE AUDIT & RISK COMMITTEE OF THE BOARD 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 FOR THEIR REVIEW PRIOR TO 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 KEY 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 KEY EMPLOYEE (OR THEIR IMMEDIATE RELATIVES) HAS A FINANCIAL INTEREST, AND PROVIDES THAT CHART TO THE AUDIT & RISK COMMITTEE FOR REVIEW. COPIES OF THE DISCLOSURE FORMS ARE KEPT BY THE BOARD SECRETARY. ANY OFFICER, DIRECTOR OR KEY 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 2020. 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 XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES REPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WORLD TRADE CENTERS ASSOCIATION FOUNDATION 115 BROADWAY SUITE 1202 NEW YORK NY 10006 261591065 GRANTMAKING DE 501(C)(3) PF WORLD TRADE CENTERS ASSOCIATION INC 1 WTCA HOLDINGS LIMITED ROOM 801-2 8F EASEY COMMERCIAL BUILDING 253-261 H WANCHAI, HONG KON CH PROVIDE FACILITY DEVELOPMENT AND TRADE SERVICES TO WTCA MEMBERS CH WORLD TRADE CENTERS ASSOCIATION INC C 9004 579336 1.00000 1 WORLD TRADE CENTER (BEIJING) BUSINESS SERVICES CO LTD SUITE 2115 TOWER C MINSHENG FINANC NO JIANGUOMENNEI AVENUE DONGCHENG DISTRIC CH PROVIDE FACILITY DEVELOPMENT AND TRADE SERVICES TO WTCA MEMBERS CH WTCA HOLDINGS LIMITED C 26167 277992 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0