2015-11-10T15:51:57-06:00 2014-12-31 420714325 RSM US LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2014-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 120 BROADWAY NO 3350 NEW YORK NY 10271 NIURKA COTERON DIRECTOR OF CORP SVCS/COMPTROLLER 2124322626 2015-11-10 1 MARTIN GREIF P00029738 2123721000 2014 2016-04-25 22:37:26Z NIURKA COTERON 120 BROADWAY NO 3350 NEW YORK NY 10271 14250084 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. 21 21 20 23 0 0 0 0 8834499 6812087 391315 1075687 2581 25330 9228395 7913104 0 0 0 0 2647431 3154155 0 0 0 5147590 4609691 7795021 7763846 1433374 149258 19121959 18794152 1242032 1147366 17879927 17646786 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. 0 0 0 1 0 0 0 0 0 1 1 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 17 0 1 20 1 0 1 CH 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 NIURKA COTERON 2124322626 120 BROADWAY NEW YORK NY 10271 GHAZI ABU NAHL CHAIRMAN 2.00 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 ROLF DRAAK DIRECTOR 2.00 X 0 0 0 CHARLOTTE GALLOGLY DIRECTOR 2.00 X 0 0 0 PHILIPPE DOUBRE DIRECTOR 2.00 X 0 0 0 JOHN ADEYEMI-ADELEKE DIRECTOR 2.00 X 0 0 0 VLADIMIR Y SALAMATOV DIRECTOR 2.00 X 0 0 0 GILBERTO BOUSQUET BOMENY DIRECTOR 2.00 X 0 0 0 PIERRE-ANTOINE GAILLY DIRECTOR 2.00 X 0 0 0 OUSAMA F GHANNOUM DIRECTOR 2.00 X 0 0 0 VIJAY KALANTRI DIRECTOR 2.00 X 0 0 0 HALUK KANCA DIRECTOR - UNTIL MAR. 2014 2.00 X 0 0 0 MICHAEL MEYER DIRECTOR 2.00 X 0 0 0 GUILLERMO RONDEROS DIRECTOR 2.00 X 0 0 0 JEROME TOULEMONDE DIRECTOR 2.00 X 0 0 0 CHIH-KANG WANG DIRECTOR - UNTIL SEPT. 2014 2.00 X 0 0 0 ANNIE WU DIRECTOR 2.00 X 0 0 0 LIAO XIAOQI DIRECTOR 2.00 X 0 0 0 LAWRENCE BOUDREAUX 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 MARTIN SALLOUM DIRECTOR 2.00 X 0 0 0 ERIC R DAHL CEO 40.00 X 383752 0 47392 ISABELLA HEULE EXECUTIVE VICE PRESIDENT 40.00 X 218632 0 25505 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 40.00 X 157551 0 39416 SCOTT A RICHIE GENERAL COUNSEL 40.00 X 320818 0 37655 SCOTT WANG VICE PRESIDENT ASIA PACIFIC 40.00 X 162071 0 23146 LINDSAY KASSOF ASSOCIATE COUNSEL 40.00 X 143364 0 20787 JULIA GONZALEZ EVENTS MANAGER 40.00 X 107098 0 38171 1493286 0 232072 7 0 1 0 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEW YORK NY 100196119 LEGAL SERVICES 377555 MITCHELL & TITUS ONE BATTERY PARK 27TH FL NEW YORK NY 10004 INTERNAL AUDIT SERVICES 180192 R AND CONSULTORES SAS INC CALLE 50 74 SAN FRANCISCO 909 BLD CUIDAD DE PANAMA PM MEMBERSHIP SERVICES 115831 3 MEMBERSHIP DUES 900099 3242920 3242920 INITIATION FEES 900099 2890000 2890000 OPTION FEES 900099 385000 385000 BAD DEBT RECOVERY 900099 294167 294167 6812087 334806 334806 7077861 6336980 740881 740881 740881 MISCELLANEOUS 900099 25330 25330 25330 7913104 6812087 0 1101017 1232703 1420539 76214 237428 187271 635148 42757 52483 693518 219669 342998 77489 527659 359642 625550 115277 50876 BAD DEBT EXPENSE 582625 SERVICE MARK SETTLEMENT 184000 MEMBERSHIP REFUND 60000 LICENSING COMMISSION 40000 7763846 2165259 936700 120000 120060 695917 664712 136870 202895 841773 255538 519464 586235 7833896 9673555 5972410 4792546 1457058 1591219 221085 226230 19121959 18794152 576597 700501 369425 340032 296010 106833 1242032 1147366 X 17879927 17646786 17879927 17646786 19121959 18794152 149258 -382399 0 X 0 1 X 1 0 1 0 0 31228 3092 28136 170430 131341 39089 640115 121105 519010 586235 RUSSELL 1000 GROWTH INDEX FUND 1408240 F RUSSELL 1000 VALUE IND FUND 1186506 F VANGUARD MSCI EAFE ETF 997494 F HSBC COMMERCIAL MARKET RATE 1003870 F RESTRICTED FOR LETTERS OF CREDIT 196436 F 4792546 REFUNDABLE INITIATION FEES 106833 106833 X 7184174 -382399 -52364 -434763 7618937 294167 294167 7913104 7420008 -291355 -291355 7711363 52483 52483 7763846 PART X, LINE 2: AS A NOT-FOR-PROFIT ENTITY, WTCA IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE TAX YEARS ENDED DECEMBER 31, 2014 AND 2013, THE ASSOCIATION DID NOT OWE ANY UBIT. 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 TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF GAAP. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION REVENUE 119. INVESTMENT EXPENSE -52,483. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 294,167. PART XII, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION EXPENSES 2,812. BAD DEBT RECOVERY -294,167. 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. 254650 1 1 0 0 1 1 254650 0 254650 0 0 1 0 0 0 X X X 0 0 0 ERIC R DAHL CEO 383752 0 0 0 0 0 15600 0 31792 0 431144 0 0 0 ISABELLA HEULE EXECUTIVE VICE PRESIDENT 194829 0 23803 0 0 0 13272 0 12233 0 244137 0 0 0 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 139793 0 17758 0 0 0 9902 0 29514 0 196967 0 0 0 SCOTT A RICHIE GENERAL COUNSEL 285560 0 35258 0 0 0 15600 0 22055 0 358473 0 0 0 SCOTT WANG VICE PRESIDENT ASIA PACIFIC 145019 0 17052 0 0 0 9787 0 13359 0 185217 0 0 0 LINDSAY KASSOF ASSOCIATE COUNSEL 127704 0 15660 0 0 0 8732 0 12055 0 164151 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MEHRAN EFTEKHAR, DIRECTOR HAS BUSINESS RELATIONSHIP WITH GHAZI ABU NAHL, CHAIRMAN. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF WORLD TRADE CENTERS THROUGHOUT THE WORLD. 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 WILL BE ACCEPTED AFTER THAT TIME. THE BALLOTS ARE CAST AND NO BALLOTS ARE DOUBLE COUNTED IF THEY ARE SUBMITTED TWICE. BASED ON THE COUNTS THE NEW BOARD MEMBERS ARE SELECTED 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 AND RISK COMMITTEE AND THE INTERNAL FINANCIAL PERSON WITH COMPARISON TO THE AUDITED FINANCIAL STATEMENTS AND SCHEDULES PROVIDED TO THE TAX PREPARER. FINAL DRAFT OF FORM 990 IS PROVIDED TO ALL THE BOARD MEMBERS PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO RE-AFFIRM THE POLICY BY SIGNING CONFLICT OF INTEREST DISCLOSURE ANNUALLY WHICH IS SUBMITTED TO THE DIRECTOR OF CORPORATE SERVICES. 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 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). WTCA HOLDINGS LIMITED LEVEL 54 HOPEWELL CTR 183 QUEENS R HK PROVIDE FACILITY DEVELOPMENT AND TRADE SERVICES TO WTCA MEMBERS HK 0 0 WORLD TRADE CENTERS ASSOCIATION INC WORLD TRADE CENTERS ASSOCIATION FOUNDATION 120 BROADWAY SUITE 3350 NEW YORK NY 10271 261591065 SOCIAL WELFARE DE 501(C)(3) 7 WORLD TRADE CENTERS ASSOCIATION INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0