WORLD ECONOMIC FORUM USA INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- WORLD ECONOMIC FORUM USA INC (EIN 20-3908371)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201241369349307334
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T17:44:56-04:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL & TITUS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BATTERY PARK PLAZA | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203908371 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | World Economic Forum USA Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WORL | NameControl |
| Phone | 2127032323 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 East 54th Street | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kevin Steinberg | Name |
| Title | COO AND Corporate SECRETARY | Title |
| Date Signed | 2012-05-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN BAIARDI | Name |
| Phone | 2127094500 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Kevin Steinberg | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 EAST 54TH STREET 17TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 39299144 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.weforum.org/forumusa | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | The World Economic Forum USA Inc. ("Forum USA") is a business league of organizations formed for the purpose of enhancing the global business climate by improving the state of the world. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 113 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 112723 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 29877033 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 33899613 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -5318 | InvestmentIncomePriorYear |
| Investment Income Current Year | 172943 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3654319 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5113865 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 33526034 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39299144 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9694030 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11846016 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 18249277 | OtherExpensePriorYear |
| Other Expenses Current Year | 20707015 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 27943307 | TotalExpensesPriorYear |
| Total Expenses Current Year | 32553031 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5582727 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6746113 | RevenuesLessExpensesCY |
| Total Assets BOY | 22719788 | TotalAssetsBOY |
| Total Assets EOY | 32020803 | TotalAssetsEOY |
| Total Liabilities BOY | 16159249 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18797305 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6560539 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 13223498 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE WORLD ECONOMIC FORUM USA INC. ("FORUM USA") IS A BUSINESS LEAGUE OF ORGANIZATIONS FORMED FOR THE PURPOSE OF ENHANCING THE GLOBAL BUSINESS CLIMATE BY IMPROVING THE STATE OF THE WORLD. TO ACCOMPLISH THIS GOAL, THE FORUM USA ENGAGES LEADERS FROM VARIOUS INDUSTRIES IN COLLABORATIVE ARRANGEMENTS TO SHAPE GLOBAL, REGIONAL AND INDUSTRY AGENDAS, SUCH AS INCREASING EMPLOYMENT AND ECONOMIC ACTIVITY AND BETTER INTEGRATING THE PRIVATE SECTOR WITH CIVIL SOCIETY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | Industry related program services for the Financial Institutions Sector. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Industry related program services for the Consumer Sector. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Industry related program services for the Information Technology & Telecommunications Sector. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 53 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 113 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KEVIN STEINBERG | NamePerson |
| Telephone Number | 2127032323 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3 EAST 54TH STREET 17TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10022 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Jean Pierre Rosso | |||||||
| Chairman | 40.0 | X | X | 260000 | 0 | 0 | |
| William W George | |||||||
| BOARD MEMBER | 0.33 | X | 0 | 0 | 0 | ||
| Robert Greenhill | |||||||
| BOARD MEMBER | 0.33 | X | 0 | 0 | 0 | ||
| Joseph P Schoendorf | |||||||
| Board Member | 0.33 | X | 0 | 0 | 0 | ||
| Alfred R Berkeley | |||||||
| Board Member | 0.33 | X | 0 | 0 | 0 | ||
| Samuel DiPiazza | |||||||
| BOARD MEMBER | 0.33 | X | 0 | 0 | 0 | ||
| Kevin Steinberg | |||||||
| COO AND Corporate SECRETARY | 40.0 | X | 604395 | 0 | 58187 | ||
| John Moavenzadeh | |||||||
| Senior Director | 40.0 | X | 375928 | 0 | 57416 | ||
| Sarita Nayyar | |||||||
| MANAGING DIR, Senior Director | 40.0 | X | 462847 | 0 | 59191 | ||
| PAUL SMYKE | |||||||
| SENIOR ADVISOR TO THE CHAIRMAN | 40.0 | 394648 | 0 | 57416 | X | ||
| MARISOL ARGUETA DE BARILLAS | |||||||
| Sr. Dir, Head of Latin America | 40.0 | 341108 | 0 | 57416 | X | ||
| ALAN MARCUS | |||||||
| Sr.Dir, Head of IT & Tele Comm | 40.0 | 305383 | 0 | 34350 | X | ||
| GIANCARLO BRUNO | |||||||
| Sr. Dir, Head of Fin services | 40.0 | 269864 | 0 | 40789 | X | ||
| ELIZABETH DREIER | |||||||
| Dir,Food & Sec Dev Initiatives | 40.0 | 235977 | 0 | 31303 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3250150 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 396068 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| 3 East 54th New York LLC | |||||
| 750 Lexington Ave 28th Floor | NEW YORK | NY | 10022 | landlord-rent/maint | 1192162 |
| Foley Hoag LLP | |||||
| 155 Seaport Blvd | BOSTON | MA | 02210 | Legal/Attorney fees | 125069 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 112723 | AllOtherContributions |
| Total Contributions | 112723 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INFO TECHNOLOGY & TELECOMM | 517000 | 7045309 | 7045309 |
| CONSUMER SECTOR | 541990 | 5280125 | 5280125 |
| MOBILITY SECTOR | 900099 | 3851810 | 3851810 |
| FINANCIAL INSTITUTIONS SECTOR | 525990 | 7163986 | 7163986 |
| INVESTOR SECTOR | 517000 | 7328732 | 7328732 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3229651 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3229651 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 33899613 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 172943 | TotalRevenueColumn |
| Exclusion | $172,943 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| FOREIGN EXCHANGE GAIN (LOSS) | 900099 | 77587 | $77,587 | |
| OTHER INCOME-CONSULTING | 541610 | 5036278 | 5036278 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 5113865 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39299144 | TotalRevenueColumn |
| Related Or Exempt Function Income | 38935891 | RelatedOrExemptFunctionIncome |
| Exclusion | $250,530 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1648504 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8174765 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 817243 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 586114 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 619390 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7339882 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258565 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77193 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5441918 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 177470 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 313720 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 472419 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1664394 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2807327 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56709 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 499752 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138940 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SOCIAL PROGRAM | 413839 |
| PROGRAM DEVELOPMENT | 439708 |
| DOCUMENTATION | 309227 |
| OTHER STAFF RELATED EXPENSES | 295952 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32553031 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74635 | BOY |
| EOY | 214023 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4714171 | BOY |
| EOY | 9741512 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5269459 | BOY |
| EOY | 5196285 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 18450 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4323754 | BOY |
| EOY | 3901490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6066827 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1243024 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3307283 | BOY |
| EOY | 4823803 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5030486 | BOY |
| EOY | 5646845 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 2478395 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22719788 | BOY |
| EOY | 32020803 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1880376 | BOY |
| EOY | 2244513 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14024442 | BOY |
| EOY | 15412680 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 254431 | BOY |
| EOY | 1140112 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16159249 | BOY |
| EOY | 18797305 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6560539 | BOY |
| EOY | 13223498 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6560539 | BOY |
| EOY | 13223498 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22719788 | BOY |
| EOY | 32020803 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6746113 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -83154 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5213760 | OtherCostOrOtherBasis |
| Depreciation | 749934 | Depreciation |
| Book Value | 4463826 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 80483 | OtherCostOrOtherBasis |
| Depreciation | 3314 | Depreciation |
| Book Value | 77349 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 772583 | OtherCostOrOtherBasis |
| Depreciation | 489956 | Depreciation |
| Book Value | 282627 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4823802 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DUE FROM FORUM GENEVA | 1361730 |
| OTHER RECEIVABLE | 317292 |
| SECURITY DEPOSIT | 788412 |
| CASH ADVANCES | 10961 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 2478395 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO RELATED PARTY | $0 |
| DEFERRED RENT | $1,030,168 |
| PENSION EXPENSE PAYABLE - EE | $39,648 |
| PENSION EXPENSE PAYABLE - ER | $62,152 |
| FLEX SPENDING CONTRIBUTION | $8,144 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1140112 | TotalOfAmounts |
| Total Revenue | 39299144 | TotalRevenue |
| Total Expenses | 32553031 | TotalExpenses |
| Excess Or Deficit For Year | 6746113 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -83154 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -83154 | TotalAdjustments |
| Excess Or Deficit Per FS | 6662959 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 40461716 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -83154 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1245726 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 1162572 | RevenueNotRptdF990 |
| Revenue Subtotal | 39299144 | RevenueSubtotal |
| Total Revenue Per Form990 | 39299144 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 33798757 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1245726 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 1245726 | ExpensesNotRptdF990 |
| Expenses Subtotal | 32553031 | ExpensesSubtotal |
| Total Expenses Per Form990 | 32553031 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kevin Steinberg | |||||||||||||
| 604395 | 0 | 0 | 0 | 0 | 0 | 33000 | 0 | 25187 | 0 | 662582 | 0 | 0 | 0 |
| Jean Pierre Rosso | |||||||||||||
| 260000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 260000 | 0 | 0 | 0 |
| John Moavenzadeh | |||||||||||||
| 375928 | 0 | 0 | 0 | 0 | 0 | 32666 | 0 | 24750 | 0 | 433344 | 0 | 0 | 0 |
| Sarita Nayyar | |||||||||||||
| 462847 | 0 | 0 | 0 | 0 | 0 | 43666 | 0 | 15525 | 0 | 522038 | 0 | 0 | 0 |
| PAUL SMYKE | |||||||||||||
| 394648 | 0 | 0 | 0 | 0 | 0 | 32666 | 0 | 24750 | 0 | 452064 | 0 | 0 | 0 |
| MARISOL ARGUETA DE BARILLAS | |||||||||||||
| 341108 | 0 | 0 | 0 | 0 | 0 | 32666 | 0 | 24750 | 0 | 398524 | 0 | 0 | 0 |
| ALAN MARCUS | |||||||||||||
| 305383 | 0 | 0 | 0 | 0 | 0 | 32666 | 0 | 1684 | 0 | 339733 | 0 | 0 | 0 |
| GIANCARLO BRUNO | |||||||||||||
| 269864 | 0 | 0 | 0 | 0 | 0 | 26018 | 0 | 14771 | 0 | 310653 | 0 | 0 | 0 |
| ELIZABETH DREIER | |||||||||||||
| 235977 | 0 | 0 | 0 | 0 | 0 | 22568 | 0 | 8735 | 0 | 267280 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule J, Part I, Line 1a | Identifier |
| Explanation | Travel for spouses of officers to the organization's meetings may be reimbursed if these spouses are representing the institutions at such events. The overseas travel for our chairman, by contractual agreement, may be occasionally in first class. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Robert Greenhill world economic fo | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | board member | Relationship |
| Amount Of Transaction | 6379767 | AmountOfTransaction |
| Description Of Transaction | See Part V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Sch L, Part IV, Col d | Identifier |
| Explanation | Description of the transactions: Robert Greenhill is an Officer of the World Economic Forum in Switzerland. During the 2011/2010 fiscal year the World Economic Forum USA received $5,036,279 in payments from the World Economic Forum for program services rendered. In that same year it paid $11,416,046 in fees for services rendered, in the form of Administrative Management Fees and consulting costs, Thus netting approximately $6,379,767 in payments FROM the world economic forum usa TO the swiss organization. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Review of Form 990 | Form 990, Part VI, Line 11A | The Organization's Form 990 is compiled by the Head of Accounting then reviewed by an independent accounting firm. THE COO and chairman then REVIEW and approve the form and it is circulated to the full board for comment before issuance. |
| Description of Process to Monitor Transactions for Conflicts of Interest | Form 990, Part VI, Question 12a | Employees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. This policy establishes only the framework within which the Forum USA wishes the business to operate. The purpose of these guidelines is to provide general direction so that employees may seek further clarification on issues related to the subject of acceptable standards of operation. An actual or potential conflict of interest occurs when an employee is in a position to influence a decision that may result in a personal gain for that employee or for a relative as a result of the Forum USAs business dealings. For the purposes of this policy, a relative is any person who is related by blood or marriage or whose relationship with the employee is similar to that of persons who are related by blood or marriage. It is imperative that employees disclose to the COO as soon as possible the existence of any actual or potential conflict of interest 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 USA does business, but also when an employee or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any transaction or business dealings involving the Forum USA. All disclosures required by this policy are to be declared in writing to the COO of the Forum USA as soon as is reasonably possible once one or more of the following occurs: o when you are or become an officer or director of any organization; o when you receive any source of employment or consulting income outside the Forum USA (Please see Outside Activities policy above.); o when any formal and/or ongoing relationship with any current Forum USA Member or partner company is formed, including both those compensated or not compensated (e.g., advisory boards); and o When any gift or advantage is accepted (Please see Gifts Policy above.). o All new employees will sign an acknowledgment upon beginning employment with the Forum USA disclosing any conflict of interest with the organization as well as an annual questionnaire to identify any related activity that may be a conflict of interest. |
| Process for determining compensation | Form 990, Part VI, Line 15A& 15B | The Chairman's salary is initially set based on a survey of comparable positions and in consultation with outside experts including an executive search firm and executives from the World Economic Forum in Switzerland. It is then ratified by the Board of Directors and is continued to be reviewed annually on a formal basis. 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. Initial salary levels are set based on a survey of comparable positions and in consultation with outside experts including an executive search firm and executives from the World Economic Forum in Switzerland. 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, Line 19 | The government documents, conflict of interest policy and audited financial statements are made available to the public upon request. |
| Oversight or Selection Process | Form 990, Part XI, Question 2c | THE MANAGEMENT COMMITTEE SELECTS THE AUDITORS AND THE BOARD OF DIRECTORS GIVES FINAL APPROVAL OF THE AUDITOR OF SELECTION AS WELL AS THE FINAL AUDIT REPORT. |
| Other changes to the net assets | Form 990, Part XI, Question 5 | Unrealized losses from the investment ($ 83,154) |