2012-05-15T17:44:56-04:00 2011-06-30 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2010-07-01 203908371 World Economic Forum USA Inc WORL 2127032323 3 East 54th Street New York NY 10022 Kevin Steinberg 2012-05-15 JOHN BAIARDI 2127094500 X 2010 2016-02-24 21:20:13Z Kevin Steinberg 3 EAST 54TH STREET 17TH FL NEW YORK NY 10022 39299144 false X www.weforum.org/forumusa X 1995 DE 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. 6 5 113 0 0 0 0 112723 29877033 33899613 -5318 172943 3654319 5113865 33526034 39299144 0 0 0 0 9694030 11846016 0 0 0 18249277 20707015 27943307 32553031 5582727 6746113 22719788 32020803 16159249 18797305 6560539 13223498 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. false false Industry related program services for the Financial Institutions Sector. Industry related program services for the Consumer Sector. Industry related program services for the Information Technology & Telecommunications Sector. false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false true false false false false false false false false false true 53 0 true 113 true false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true true false X KEVIN STEINBERG 2127032323 3 EAST 54TH STREET 17TH FL NEW YORK NY 10022 Jean Pierre Rosso 40.0 X X 260000 0 0 William W George 0.33 X 0 0 0 Robert Greenhill 0.33 X 0 0 0 Joseph P Schoendorf 0.33 X 0 0 0 Alfred R Berkeley 0.33 X 0 0 0 Samuel DiPiazza 0.33 X 0 0 0 Kevin Steinberg 40.0 X 604395 0 58187 John Moavenzadeh 40.0 X 375928 0 57416 Sarita Nayyar 40.0 X 462847 0 59191 PAUL SMYKE 40.0 X 394648 0 57416 MARISOL ARGUETA DE BARILLAS 40.0 X 341108 0 57416 ALAN MARCUS 40.0 X 305383 0 34350 GIANCARLO BRUNO 40.0 X 269864 0 40789 ELIZABETH DREIER 40.0 X 235977 0 31303 3250150 0 396068 9 false true false 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 2 112723 112723 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 3229651 3229651 33899613 172943 172943 0 0 0 0 0 0 FOREIGN EXCHANGE GAIN (LOSS) 900099 77587 77587 OTHER INCOME-CONSULTING 541610 5036278 5036278 5113865 39299144 38935891 250530 0 0 0 0 1648504 0 8174765 817243 586114 619390 7339882 258565 77193 0 0 0 5441918 177470 313720 472419 0 1664394 2807327 0 56709 0 0 499752 138940 SOCIAL PROGRAM 413839 PROGRAM DEVELOPMENT 439708 DOCUMENTATION 309227 OTHER STAFF RELATED EXPENSES 295952 32553031 74635 214023 4714171 9741512 5269459 5196285 0 18450 4323754 3901490 6066827 1243024 3307283 4823803 5030486 5646845 0 2478395 22719788 32020803 1880376 2244513 14024442 15412680 254431 1140112 16159249 18797305 X 6560539 13223498 6560539 13223498 22719788 32020803 X 6746113 -83154 X false true true X false 5213760 749934 4463826 80483 3314 77349 772583 489956 282627 4823802 DUE FROM FORUM GENEVA 1361730 OTHER RECEIVABLE 317292 SECURITY DEPOSIT 788412 CASH ADVANCES 10961 2478395 0 DUE TO RELATED PARTY 0 DEFERRED RENT 1030168 PENSION EXPENSE PAYABLE - EE 39648 PENSION EXPENSE PAYABLE - ER 62152 FLEX SPENDING CONTRIBUTION 8144 1140112 39299144 32553031 6746113 -83154 -83154 6662959 40461716 -83154 1245726 1162572 39299144 39299144 33798757 1245726 1245726 32553031 32553031 X X true true X X X X false false false 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 Form 990, Schedule J, Part I, Line 1a 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. Robert Greenhill world economic fo board member 6379767 See Part V false Form 990, Sch L, Part IV, Col d 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. 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)