2018-05-10T17:19:27-05:00 2017-06-30 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2016-07-01 980459408 WORLD ECONOMIC FORUM % JULIEN GATTONI WORL 0228691212 91-93 ROUTE DE LA CAPITE COLOGNY GENEVA SZ CH-1223 JULIEN GATTONI CFO 0228691212 2018-05-09 true LAURA J PARELLO P01080295 6464713000 2016 2022-09-23 18:48:47Z Julien Gattoni 91-93 ROUTE DE LA CAPITE COLOGNY GENEVA SZ CH-1223 279722879 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. 24 23 0 24 0 3675984 20325602 59661723 249504764 361993 4259106 2749542 5633407 66449242 279722879 0 0 0 0 32498735 123850746 0 0 0 36137549 154602431 68636284 278453177 -2187042 1269702 336911574 472969075 154746325 202683791 182165249 270285284 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 true false false false false false false false true false false false false false false false false false false true true true true false true 0 0 0 false true CH SZ false false false false X 24 23 true false false false false false false true true false false false 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 1100000 0 4483 PETER BRABECK-LETMATHE VICE-CHAIRMAN 1.25 0.0 X 0 0 0 PATRICK AEBISCHER BOARD MEMBER (END 8/25/16) 1.25 0.0 X 0 0 0 HM QUEEN RANIA AL ABDULLAH BOARD MEMBER 1.25 0.0 X 0 0 0 MUKESH D AMBANI BOARD MEMBER 1.25 0.0 X 0 0 0 MARC R BENIOFF BOARD 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FORM 990, SCHEDULE D, PART III, LINE 4 Paintings and sculptures exhibited in our professional premises and without any commercial and / or financial purpose. RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS-PART XI,LINE 2D IN-KIND REVENUES 10,501,723 RECONCILIATION OF EXPENSE PER AUDITED FINANCIAL STATEMENTS-PART XII,LN 2D IN-KIND COSTS 10,494,606 Sub-Saharan Africa Program Services 1761780 Central America and the Caribbean Program Services 43403 East Asia and the Pacific Program Services 2215367 Europe (Including Iceland and Greenland) Program Services 71548219 Middle East and North Africa Program Services 5451905 North America Program Services 107279 Russia and the Newly Independent States Program Services 118434 South America Program Services 401351 South Asia Program Services 601758 Sub-Saharan Africa Maintaining offices 342826 East Asia and the Pacific 2 37 Maintaining offices 756692 Europe (Including Iceland and Greenland) 1 575 Maintaining offices 35436534 Middle East and North Africa Maintaining offices 1134302 North America Maintaining offices 36734 Russia and the Newly Independent States Maintaining offices 18614 South America Maintaining offices 49884 South Asia Maintaining offices 344993 Europe (Including Iceland and Greenland) Investments 108537459 3 612 3 612 120370075 108537459 228907534 false false false false false false X X false false X X X X X false true false KLAUS SCHWAB FOUNDER AND EXECUTIVE CHAIRMAN 1100000 0 0 0 0 0 0 0 4483 0 1104483 0 0 0 ADRIAN MONCK MEMBER OF THE MANAGING BOARD 490987 0 56000 0 0 0 46842 0 13389 0 607218 0 0 0 ALEX WONG HEAD, GLOBAL CHALLENGE PTNRSHP 392425 0 47565 0 350 0 36118 0 11014 0 487472 0 0 0 ALOIS ZWINGGI MEMBER OF THE MANAGING BOARD 650000 0 80000 0 0 0 127140 0 23055 0 880195 0 0 0 CHERYL MARTIN MEMBER OF THE MANAGING BOARD 518879 0 23556 0 0 0 49662 0 13508 0 605605 0 0 0 DAVID AIKMAN CHIEF REPRESENTATIVE OFFICER 527218 0 49232 0 0 0 37308 0 11580 0 625338 0 0 0 DENISE BURNET HEAD OF EVENT MANAGEMENT 335471 0 40000 0 500 0 36740 0 9515 0 422226 0 0 0 DOMINIC WAUGHRAY HEAD OF PUBLIC-PRIVATE PTNRSHP 412176 0 62000 0 0 0 37554 0 11487 0 523217 0 0 0 ESPEN BARTH EIDE MEMBER OF THE MANAGING BOARD 329981 0 80000 0 53544 0 32500 0 8741 0 504766 0 0 0 GILBERT PROBST DEAN, LEADERSHIP OFFICE 217175 0 41712 0 198733 0 23724 0 2615 0 483959 0 0 0 HELENA LEURENT HEAD OF GOVERNMENT ENGAGEMENT 373392 0 56154 0 0 0 23747 0 10479 0 463772 0 0 0 JEAN-LOUP DENEREAZ HEAD OF GENERAL SERVICES 325759 0 38400 0 0 0 35350 0 9206 0 408715 0 0 0 JEAN-LUC VEZ HEAD OF PUBLIC SECURITY POLICY 452161 0 54400 0 500 0 48985 0 12345 0 568391 0 0 0 JENNIFER BLANKE CHIEF ECONOMIST (END 1/31/17) 341000 0 31200 0 0 0 34100 0 10424 0 416724 0 0 0 JEREMY JURGENS MEMBER OF THE MANAGING BOARD 469121 0 66000 0 0 0 44839 0 12939 0 592899 0 0 0 JIM SNABE CHAIRMAN, WEF USA END 11/3/16 505024 0 0 0 57931 0 24372 0 3333 0 590660 0 0 0 JULIEN GATTONI CHIEF FINANCIAL OFFICER 380000 0 58000 0 0 0 24670 0 10815 0 473485 0 0 0 LEE HOWELL MEMBER OF THE MANAGING BOARD 659962 0 80000 0 0 0 130000 0 23702 0 893664 0 0 0 MEL ROGERS HEAD OF STRATEGIC AFFAIRS 316042 0 47078 0 3000 0 20245 0 9094 0 395459 0 0 0 MURAT SONMEZ MEMBER OF THE MANAGING BOARD 657471 0 80000 0 21169 0 59233 0 16215 0 834088 0 0 0 OLIVIER SCHWAB HEAD OF BUSINESS ENGAGEMENT 352349 0 42997 0 0 0 23405 0 10326 0 429077 0 0 0 PAOLO GALLO CHIEF HUMAN RESOURCES OFFICER 385200 0 58800 0 0 0 35683 0 10944 0 490627 0 0 0 PHILIPP ROSLER MEMBER OF THE MANAGING BOARD 654981 0 80000 0 0 0 41635 0 16263 0 792879 0 0 0 RICHARD SAMANS MEMBER OF THE MANAGING BOARD 657471 0 80000 0 15656 0 143000 0 26019 0 922146 0 0 0 ROBERTO BOCCA HEAD OF ENERGY AND BASIC INDS 346850 0 42320 0 0 0 32298 0 9947 0 431415 0 0 0 MARK SPELMAN CO-HEAD, INTERNET INITIATIVE 409923 0 0 0 0 0 43310 0 10898 0 464131 0 0 0 ADDITIONAL BENEFITS PROVIDED- 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. SCHEULE J, PART I, LINE 4B THREE MEMBERS OF THE FORUMS MANAGING BOARD PARTICIPATED IN A SUPPLEMENTAL PENSION ARRANGEMENT, WHERE CONTRIBUTIONS AMOUNTING TO 10% OF THE ANNUAL SALARY WERE FUNDED BY THE EMPLOYER AND PAID INTO THE PLAN. ELIGIBILITY FOR THE PLAN WAS BASED ON THE MANAGING BOARD MEMBER HAVING BEEN EMPLOYED BY THE FORUM FOR MORE THAN 5 YEARS. AS PART OF THE FORUM EXECUTIVE COMPENSATION PRINCIPLES, INTRODUCED IN 2017, THIS SUPPLEMENTARY PLAN WAS CLOSED FOR ALL PARTICIPANTS AND NOT REPLACED, OR COMPENSATED. 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 (HEAD OF BUSINESS ENGAGEMENT, MEMBER OF THE EXECUTIVE COMMITTEE) 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 ACCOUNTING 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. 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 WHICH IS USED TO DETERMINE ANY APPLICABLE PERFORMANCE RELATED BONUSES. 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 2017. OTHER CHANGES IN NET ASSETS - PART XI, LINE 9 RESERVES INCREASE (GVA OFFICE) $17,223,360 ADDITION RESERVES (CONSOLIDATION NY OFFICE) $65,358,536 FX DIFFERENCE BETWEEN BOY AND EOY BALANCE SHEET $4,261,320 IN-KIND IMPACT $7,117 ------------- TOTAL $86,850,333 WORLD ECONOMIC FORUM USA LLC 350 MADISON AVE 11TH FLOOR NEW YORK NY 10017 203908371 MEMBERSHIPS DE 34105570 112399237 WEF WORLD ECONOMIC FORUM USA INC 350 MADISON AVE 11TH FLOOR NEW YORK NY 10017 203908371 MEMBERSHIPS DE 501(c)(6) NA true false false true false false false false false false false false true true true true false false false true WORLD ECONOMIC FORUM USA INC LMNO 7837944 FMV WORLD ECONOMIC FORUM USA INC O 3675494 FMV WORLD ECONOMIC FORUM USA INC S 956085 FMV PART I - DISREGARDED ENTITIES AND PART II - TAX-EXEMPT ORGANIZATIONS AS OF JANUARY 1, 2017, WORLD ECONOMIC FORUM USA INC. CONVERTED FROM A SEPARATE RELATED 501(6) ORGANIZATION TO A DISREGARDED LLC WITH WORLD ECONOMIC FORUM AS ITS SINGLE MEMBER. WHEN THE WORLD ECONOMIC FORUM OBTAINED ITS OWN TAX EXEMPT STATUS AS A 501(C)(6) ORGANIZATION ON FEBRUARY 18, 2016, FROM AN ACCOUNTING AND TAX REPORTING PERSPECTIVE, THE CONSOLIDATION SIMPLY ALLOWED THE ASSETS, LIABILITIES, AND RESULTS OF OPERATIONS OF THE CORPORATION TO BE CONSOLIDATED WITH THOSE OF THE FORUM, WHICH IS MORE EFFICIENT.