2020-11-15T18:54:30-06:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 115 BROADWAY NO 1202 NEW YORK NY 10006 ARUN MANANSINGH EXECUTIVE DIRECTOR, CORPORATE SVCS. 2124322626 2020-11-15 1 GARRETT M HIGGINS P00543209 2122862600 2020-11-09 47.18.172.68 2020-11-15 18:45:20 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5DA95DB661BFBF1E1CC10393D0405B5901069AC8 2019 2021-04-22 16:20:28Z ARUN MANANSINGH 115 BROADWAY NO 1202 NEW YORK NY 10006 7966589 0 X WWW.WTCA.ORG X 1969 DE WORLD TRADE CENTERS ASSOCIATION PROMOTES WORLD TRADE THROUGH THE CONCEPT OF WORLD TRADE CENTERS ESTABLISHED IN CITIES THROUGHOUT THE WORLD. 21 21 18 25 0 0 0 0 7591414 5075824 1004563 374311 417957 132999 9013934 5583134 20000 0 0 0 2908346 2496036 0 0 0 4150085 4135907 7078431 6631943 1935503 -1048809 17155247 17642698 1391936 1443719 15763311 16198979 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 WORLD TRADE CENTERS ASSOCIATION ("WTCA") MEMBER SERVICES PROGRAM PROVIDES OVERALL SUPPORT FOR THE NEEDS OF THE GENERAL WTCA MEMBERSHIP. IT PROVIDES 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.SEE SCHEDULE O FOR CONTINUATIONTHE FOLLOWING ARE THE LARGEST EVENTS HELD DURING THE YEAR:ANNUAL "GENERAL ASSEMBLY"- HELD DURING APRIL 7-10 IN QUERTARO, MEXICO, THE GENERAL ASSEMBLY WAS ATTENDED BY 156 DELEGATES REPRESENTING 91 WTCA MEMBERS FROM 29 COUNTRIES, AND MORE THAN 100 REPRESENTATIVES FROM B2B OPERATIONS. AS THE WTCA'S LARGEST ANNUAL GATHERING, THIS EVENT BRINGS TOGETHER CHIEF EXECUTIVES, LICENSE HOLDERS, DELEGATIONS FROM INDIVIDUAL WORLD TRADE CENTERS' LOCAL GOVERNMENTS AND INDUSTRY, AND OTHER GUESTS TO CONVENE IN A DIFFERENT LOCATION AROUND THE GLOBE. DURING THESE THREE AND A HALF DAYS OF PROGRAMMING, MEMBERS HEAR REPORTS FROM THE BOARD OF DIRECTORS, FELLOW MEMBERS, OUTSIDE EXPERTS AND MANAGEMENT. IT ALSO GIVES HOSTING CITIES THE OPPORTUNITY TO SHOWCASE THEIR LOCAL INDUSTRY AND ECONOMIES, AND PRESENT THEIR REGION AND CITY AS A PRIME LOCATION TO DO BUSINESS. THE PROGRAM CONSISTED OF BEST PRACTICES EXPLANATIONS, A CLOSED-DOOR PLENARY SESSION REVIEWING RESULTS FROM THE PREVIOUS YEAR, STRUCTURED NETWORKING AND CULTURAL PROGRAMMING.ANNUAL "MEMBER SEMINAR"- HELD DURING OCTOBER 6-8 IN NEW YORK, THE ANNUAL MEMBER SEMINAR WAS ATTENDED BY ABOUT 100 DELEGATES, REPRESENTING 67 WTCA MEMBERS. AS THE SECOND LARGEST EVENT HELD EACH YEAR, THE MEMBER SEMINAR IS INTENDED TO SERVE AS AN EDUCATIONAL OPPORTUNITY FOR NEW AND EXISTING MEMBERS. MADE UP OF ALMOST ENTIRELY MEMBERS, THE ATTENDEES PARTICIPATED IN MULTIPLE INTERACTIVE WORKSHOPS, INCLUDING A WORKING SESSION ON JOINT PROJECTS TO STRENGTHEN TRADE RELATIONS AMONG MEMBERS AND THE LOCAL COMPANIES THEY REPRESENT. PROGRAM HIGHLIGHTS ALSO INCLUDED A PANEL ON THE CURRENT GEOPOLITICAL CLIMATE.PUBLIC RELATIONS CAMPAIGN- ONGOING COMMUNICATIONS 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. THE WTCA'S SECOND ANNUAL "TRADE & INVESTMENT REPORT" WAS ISSUED IN JUNE, AND ITS ONLINE MAGAZINE "WTCA MERIDIAN" MARKED ITS SECOND YEAR OF PUBLICATION. 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 20 0 18 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 ACCOUNTING MANAGER 2124322626 115 BROADWAY NO 1202 NEW YORK NY 10006 SCOTT FERGUSON CHIEF EXECUTIVE OFFICER 40.00 1.00 X 345913 0 47953 SCOTT RICHIE SECRETARY 40.00 2.00 X 199997 0 39889 ARUN MANANSINGH CHIEF OPERATING OFFICER 40.00 X 200997 0 12278 JOANNE THELMO CORPORATE COUNSEL 40.00 X 168083 0 24497 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 32.00 8.00 X 177245 0 12392 ALEXANDER BROWN DIRECTOR COMMUNICATIONS & MEMBER RELATIONS 40.00 X 149449 0 21564 JOHN DREW CHAIRMAN 4.00 X X 0 0 0 REMY SWAAB VICE CHAIR & TREASURER 2.00 1.00 X X 0 0 0 ROLF DRAAK VICE CHAIR TREAS. THROUGH APRIL 2019/ DIRECTOR 2.00 1.00 X X 0 0 0 MARIETTE MULAIRE VICE CHAIR & SECRETARY 2.00 X X 0 0 0 TOGBE AFEDE DIRECTOR 2.00 X 0 0 0 PEDRO PABLO ALAMOS DIRECTOR 2.00 1.00 X 0 0 0 SCOTT CENTER DIRECTOR 2.00 X 0 0 0 LEW CRAMER DIRECTOR 2.00 X 0 0 0 MEHRAN EFTEKHAR DIRECTOR 2.00 X 0 0 0 FREERK FABER DIRECTOR 2.00 1.00 X 0 0 0 CHARLOTTE GALLOGLY DIRECTOR 2.00 1.00 X 0 0 0 ANDREA GARWOOD DIRECTOR 2.00 1.00 X 0 0 0 CHRISTIAN HUIJG DIRECTOR THROUGH SEPTEMBER 2019 2.00 X 0 0 0 VIJAY KALANTRI DIRECTOR 2.00 1.00 X 0 0 0 DIDIER KLING DIRECTOR 2.00 X 0 0 0 CATHERINE LEE DIRECTOR 2.00 1.00 X 0 0 0 LUCIANO MENEZES DIRECTOR 2.00 1.00 X 0 0 0 BALARAM MENON DIRECTOR THROUGH APRIL 2019 2.00 X 0 0 0 GHAZI ABU NAHL DIRECTOR 2.00 X 0 0 0 KHAIR ULL-NISSA SHEIKH DIRECTOR 2.00 1.00 X 0 0 0 EMMANUEL THAUNIER DIRECTOR THROUGH APRIL 2019 2.00 X 0 0 0 GERARD VAANDRAGER DIRECTOR THROUGH APRIL 2019 2.00 X 0 0 0 JIANRONG YANG DIRECTOR 2.00 X 0 0 0 WALTER MS YEH DIRECTOR 2.00 X 0 0 0 HONGSHAN ZHANG DIRECTOR 2.00 X 0 0 0 1241684 0 158573 6 0 1 0 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEW YORK NY 10019 LEGAL SERVICES 629117 GRAHAM HOLDINGS COMPANY 1300 NORTH 17TH STREET SUITE 1700 ARLINGTON VA 22209 PUBLIC RELATIONS SERVICES 233875 ALLISON & PARTNERS LLC 71 5TH AVENUE 7TH FLOOR NEW YORK NY 10003 PUBLIC RELATIONS SERVICES 232508 CONVENE HOTEL 810 SEVENTH AVENUE NEW YORK NY 10019 EVENT SERVICES 160433 CARLOS RONDEROS CARRERA 7 NO 74-21 OFFICINA 306 BOGOTA CO INTERNATIONAL TRADE CONSULTANT 145028 6 MEMBERSHIP DUES 900099 4175824 4175824 INITIATION FEES 900099 690000 690000 OPTION FEES 900099 210000 210000 5075824 359996 359996 2397770 2383455 14315 14315 14315 SEMINAR FEES/OTHER 900099 107377 107377 REIMBURSEMENT 900099 25622 25622 132999 5583134 5208823 0 374311 1039607 1059223 55540 184365 157301 669177 115300 66470 119816 685856 225413 278629 206013 77264 516927 3749 116190 56978 REGIONAL EXPENSES 804917 BAD DEBT 180708 LICENSING COMMISSION 12500 6631943 993729 338747 1699087 24594 483436 568210 164689 140598 157604 25616 40026 131988 10033459 12096419 51559 499523 664739 653275 3022023 3151754 2500 37590 17155247 17642698 855650 529675 427001 817700 109285 96344 1391936 1443719 X 15763311 16198979 15763311 16198979 17155247 17642698 -1048809 1484477 0 X X 0 1 X 1 0 0 1 0 28897 2299 26598 106431 8466 97965 22276 14851 7425 131988 DEFERRED RENT 96344 96344 X 7043226 1484477 85973 1570450 5472776 84736 25622 110358 5583134 6613487 91902 91902 6521585 84736 25622 110358 6631943 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 2016, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: WTCA HOLDINGS INCOME 85,973. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ADJUSTMENT 25,622. PART XII, LINE 2D - OTHER ADJUSTMENTS: WTCA HOLDINGS EXPENSES 91,902. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION ADJUSTMENT 25,622. 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. 227147 EAST ASIA AND THE PACIFIC INVESTMENTS 653275 1 1 0 0 1 1 880422 0 880422 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 AN INTERESTS IN FOREIGN CORPORATIONS AND IS FILING FORM 5471. X X X X 0 0 0 SCOTT FERGUSON CHIEF EXECUTIVE OFFICER 323110 0 16126 0 6677 0 18381 0 29572 0 393866 0 0 0 SCOTT RICHIE SECRETARY 166780 0 28368 0 4849 0 9741 0 30148 0 239886 0 0 0 ARUN MANANSINGH CHIEF OPERATING OFFICER 186663 0 13151 0 1183 0 7064 0 5214 0 213275 0 0 0 JOANNE THELMO CORPORATE COUNSEL 167945 0 0 0 138 0 10322 0 14175 0 192580 0 0 0 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 163670 0 10519 0 3056 0 10222 0 2170 0 189637 0 0 0 ALEXANDER BROWN DIRECTOR COMMUNICATIONS & MEMBER RELATIONS 135644 0 12172 0 1633 0 9032 0 12532 0 171013 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 DRAFT OF THE 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 CEO, COO, 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 THE COMPENSATION DURING THE BOARD MEETING AND IT IS DOCUMENTED IN THE MINUTES. THE PROCESS WAS LAST CONDUCTED IN 2019. 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 19393 642415 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 84572 265765 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0