2016-11-15T17:00:43-06:00 2015-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 120 BROADWAY NO 3350 NEW YORK NY 10271 SCOTT FERGUSON CHIEF EXECUTIVE OFFICER 2124322626 2016-11-15 1 GARRETT M HIGGINS P00543209 2122862600 2016-11-15 2015 2017-02-10 21:41:12Z SCOTT D FERGUSON 120 BROADWAY NO 3350 NEW YORK NY 10271 12847713 0 X WWW.WTCA.ORG X 1970 DE WORLD TRADE CENTERS ASSOCIATION PROMOTES WORLD TRADE THROUGH THE CONCEPT OF WORLD TRADE CENTERS ESTABLISHED IN CITIES THROUGHOUT THE WORLD. 23 23 19 32 0 0 0 0 6812087 6419167 1075687 1689205 25330 10815 7913104 8119187 0 0 0 0 3154155 3119134 0 0 0 4609691 4243983 7763846 7363117 149258 756070 18794152 19196269 1147366 1570602 17646786 17625667 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 EXHANGE. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 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 17 0 19 1 0 1 CH 0 0 0 0 X 23 23 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT A RICHIE 2124322648 120 BROADWAY NO 3350 NEW YORK NY 10271 GHAZI ABU NAHL CHAIRMAN 2.00 1.00 X X 0 0 0 JOHN DREW VICE CHAIR & TREASURER 2.00 X X 0 0 0 ANTONIO TRUEBA VICE CHAIR & SECRETARY 2.00 X X 0 0 0 JOHN ADELEKE DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 TOGBE AFEDE DIRECTOR 2.00 X 0 0 0 RUSTU ARGIT DIRECTOR 2.00 X 0 0 0 GILBERTO BOMENY DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 LARRRY BOUDREAUX DIRECTOR 2.00 X 0 0 0 LEW CRAMER DIRECTOR 2.00 X 0 0 0 PHILIPPE DOUBRE DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 ROLF DRAAK DIRECTOR 2.00 X 0 0 0 MEHRAN EFTEKHAR DIRECTOR 2.00 X 0 0 0 PIERRE-ANTOINE GAILLY DIRECTOR 2.00 X 0 0 0 CHARLOTTE GALLOGLY DIRECTOR 2.00 X 0 0 0 OUSAMA GHANNOUM DIRECTOR 2.00 1.00 X 0 0 0 VIJAY KALANTRI DIRECTOR 2.00 1.00 X 0 0 0 CATHERINE LEE DIRECTOR 2.00 X 0 0 0 FRANCIS LIANG DIRECTOR 2.00 X 0 0 0 XIAOQI LIAO DIRECTOR UNTIL 1/21/15 2.00 X 0 0 0 LUCIANO MENEZES DIRECTOR 2.00 X 0 0 0 BALARAM MENON DIRECTOR 2.00 X 0 0 0 MICHAEL MEYER DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 MARIETTE MULAIRE DIRECTOR 2.00 X 0 0 0 GUILLERMO RONDEROS DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 VLADIMIR SALAMATOV DIRECTOR 2.00 X 0 0 0 MARTIN SALLOUM DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 REMY SWAAB DIRECTOR 2.00 X 0 0 0 EMMANUEL THAUNIER DIRECTOR 2.00 X 0 0 0 JEROME TOULEMONDE DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 GERARD VAANDRAGER DIRECTOR 2.00 X 0 0 0 ANNIE WU DIRECTOR UNTIL 4/26/15 2.00 X 0 0 0 JIULING XIONG DIRECTOR 2.00 X 0 0 0 ERIC DAHL CEO UNTIL 1/7/15 40.00 X 427551 0 2754 ISABELLA HEULE EXECUTIVE VICE PRESIDENT UNTIL 11/19/15 40.00 X 193373 0 23002 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 40.00 1.00 X 161447 0 38296 SCOTT RICHIE GENERAL COUNSEL 40.00 1.00 X 330421 0 39844 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 40.00 X 170977 0 15344 ARUN MANNANSINGH CHIEF INFORMATION OFFICER 40.00 X 152678 0 13853 LINDSAY KASSOF ASSOCIATE COUNSEL 40.00 X 145310 0 20460 JULIA KNOKE SENIOR MARKETING STRATEGIST 40.00 X 139238 0 23499 1720995 0 177052 8 0 1 0 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEW YORK NY 10019 LEGAL SERVICES 313804 ASAHI TECHNOLOGIES LLC 349 5TH AVENUE NEW YORK NY 10016 TECHNOLOGY PROFESSIONAL SERVICES 131624 R AND CONSULTORES SAS INC CALLE 50 74 SAN FRANCISCO 909 BLD CALLE 50 & 74 SAN FRANCISCO 909 BLD CUIDAD DE PANAMA PM MEMBERSHIP DEVELOPMENT SERVICES 130918 3 MEMBERSHIP DUES 900099 3334167 3334167 INITIATION FEES 900099 2890000 2890000 OPTION FEES 900099 195000 195000 6419167 351134 351134 6066597 4728526 1338071 1338071 1338071 OTHER INCOME 900099 10815 10815 10815 8119187 6419167 0 1700020 1216689 1416407 73056 240689 172293 646760 56484 57994 620188 153270 339583 163623 542214 334686 677976 141900 54366 BAD DEBT 409939 LICENSING COMMISSION 45000 7363117 936700 1436740 120060 120267 664712 414300 202895 119039 201658 146911 586235 54747 9673555 10379336 4792546 3996891 1591219 2616242 226230 58707 18794152 19196269 700501 783769 340032 786833 106833 0 1147366 1570602 X 17646786 17625667 17646786 17625667 18794152 19196269 756070 -777189 0 X X 0 1 X 1 0 0 1 0 31228 6350 24878 170430 140561 29869 54747 RUSSELL 1000 GROWTH INDEX FUND 1418386 F RUSSELL 1000 GROWTH VALUE IND FUND 1375814 F HSBC COMMERCIAL MARKET RATE 1005880 F RESTRICTED FOR LETTERS OF CREDIT 196811 F 3996891 X 7227450 -777189 113 -777076 8004526 57994 56667 114661 8119187 7248997 541 541 7248456 57994 56667 114661 7363117 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 2012, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION REVENUE 113. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT 56,667. PART XII, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION EXPENSES 541. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT 56,667. EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES TO STRENGTHEN MEMBERSHIP SERVICES TO THE WTC'S IN CHINA AND THE REST OF ASIA PACIFIC REGION, LOCALIZE MAJOR WTCA DOCUMENTATION, MONITOR THE TRADEMARK PROTECTION IN THE REGION, AND PROMOTE WTCA'S COMMITMENT TO PROSPERITY THROUGH TRADE AND INVESTMENT. 275728 1 1 0 0 1 1 275728 0 275728 0 0 1 0 0 0 X X X 1 0 0 ERIC DAHL CEO UNTIL 1/7/15 30051 0 0 0 397500 0 761 0 1993 0 430305 0 0 0 ISABELLA HEULE EXECUTIVE VICE PRESIDENT UNTIL 11/19 186964 0 0 0 6409 0 11720 0 11282 0 216375 0 0 0 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 141596 0 17758 0 2093 0 10201 0 28095 0 199743 0 0 0 SCOTT RICHIE GENERAL COUNSEL 289648 0 35258 0 5515 0 15900 0 23944 0 370265 0 0 0 SCOTT WANG VICE PRESIDENT, ASIA PACIFIC 151094 0 17052 0 2831 0 9847 0 5497 0 186321 0 0 0 ARUN MANNANSINGH CHIEF INFORMATION OFFICER 137617 0 12393 0 2668 0 9156 0 4697 0 166531 0 0 0 LINDSAY KASSOF ASSOCIATE COUNSEL 130300 0 13760 0 1250 0 8852 0 11608 0 165770 0 0 0 JULIA KNOKE SENIOR MARKETING STRATEGIST 129805 0 8325 0 1108 0 8418 0 15081 0 162737 0 0 0 PART I, LINE 4A ERIC DAHL, CEO, RECEIVED SEVERANCE PAYMENTS TOTALING $390,000, WHICH IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 2 MEHRAN EFTEKHAR, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH GHAZI ABU NAHL, CHAIRMAN. 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 FACILITATES 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 NOTICES ARE SENT TO THE WTCA'S 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 WIL 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 MEMBERS HAVE SOLE AUTHORITY TO AMEND THE WTCA'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 REVIEW IS PERFORMED BY THE AUDIT & RISK COMMITTEE AND THE INTERNAL FINANCIAL PERSON WITH COMPARISON TO THE AUDITED FINANCIAL STATEMENTS AND SCHEDULES PROVIDED TO THE TAX PREPARER. FINAL DRAFT OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. 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 GENERAL COUNSEL 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 GENERAL COUNSEL AND DIRECTOR OF CORPORATE SERVICES. 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 FOR COMPENSATION AND FRINGE BENEFITS FOR THE CEO, KEY EMPLOYEES, AS WELL AS OTHER EMPLOYEES AND NEW HIRES. THE METHOD USED COMPARES BENCHMARKS, SURVEYS AND ANALYSIS OF OTHER NONPROFIT ASSOCIATIONS WITH SIMILAR VISIONS. THE BOARD OF DIRECTORS APPROVES ALL THE COMPENSATION DURING THE BOARD MEETING AND IT IS DOCUMENTED IN THE MINUTES. 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 120 BROADWAY SUITE 3350 NEW YORK NY 10271 261591065 SOCIAL WELFARE 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 -68427 11022 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0