2014-11-10T14:49:21-06:00 2013-12-31 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2013-01-01 132644507 WORLD TRADE CENTERS ASSOCIATION INC WORL 2124322626 120 BROADWAY NO 3350 NEW YORK NY 10271 NIURKA COTERON DIRECTOR OF CORP SVCS/COMPTROLLER 2124322626 2014-11-10 1 MARTIN GREIF P00029738 2123721000 2013 2015-11-30 17:44:51Z NIURKA COTERON 120 BROADWAY NO 3350 NEW YORK NY 10271 17793146 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 22 23 0 0 0 0 7520245 8834499 211074 391315 18387 2581 7749706 9228395 0 0 0 0 2265261 2647431 0 0 0 3972248 5147590 6237509 7795021 1512197 1433374 16327578 19121959 1628722 1242032 14698856 17879927 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 19 0 1 22 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 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 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 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 451923 0 34336 ISABELLA HEULE EXECUTIVE VICE PRESIDENT 40.00 X 270480 0 21512 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 40.00 X 163464 0 35449 SCOTT A RICHIE GENERAL COUNSEL 40.00 X 335741 0 36370 SCOTT WANG VICE PRESIDENT ASIA PACIFIC 40.00 X 143538 0 11985 1365146 0 139652 5 0 1 0 STRINGCAN INTERACTIVE INC 7525 EAST CAMELBACK ROAD SCOTTSDALE AZ 85251 TECHNOLOGY & DEVELOPMENT SVCS 509870 JONES DAY 222 EAST 41ST STREET NEW YORK NY 100176702 LEGAL SERVICES 449035 DORSEY & WHITNEY LLP 51 WEST 52ND STREET NEW YORK NY 100196119 LEGAL SERVICES 427653 RONDEROS Y CARDENAS CONSULTORES CRA 7 NO 74-21 OF 306 BOGOTA CO MEMBERSHIP SERVICES 120472 4 INITIATION FEES 900099 4774000 4774000 MEMBERSHIP DUES 900099 3347499 3347499 OPTION FEES 900099 385000 385000 BAD DEBT RECOVERY 900099 328000 328000 8834499 275100 275100 8680966 8564751 116215 116215 116215 MISCELLANEOUS 900099 2581 2581 2581 9228395 8834499 0 393896 1314901 982417 53371 140524 156218 1177674 36845 59399 575707 130975 470367 50766 615982 338045 609217 31754 58042 BAD DEBT EXPENSE 666167 MEMBERSHIP REFUND 200000 LICENSING COMMISSION 126650 7795021 2842298 2285259 741892 695917 346590 136870 659724 140260 17397 519464 7085868 7833896 4040509 5972410 1253024 1457058 0 221085 16327578 19121959 698087 576597 197570 369425 733065 296010 1628722 1242032 X 14698856 17879927 14698856 17879927 16327578 19121959 X 1433374 1191304 556393 X 0 1 X 1 0 1 0 0 23258 762 22496 170431 119719 50712 466035 19779 446256 519464 RUSSELL 1000 GROWTH INDEX FUND 1719000 F RUSSELL 1000 VALUE IND FUND 1440801 F VANGUARD MSCI EAFE ETF 1496312 F HSBC COMMERCIAL MARKET RATE 1001865 F RESTRICTED FOR LETTERS OF CREDIT 314432 F 5972410 REFUNDABLE INITIATION FEES 296010 296010 X 10032468 1191304 -59231 1132073 8900395 328000 328000 9228395 7420189 -315433 -315433 7735622 59399 59399 7795021 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, 2013 AND 2012, 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 2010, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION REVENUE 168. INVESTMENT EXPENSE -59,399. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 328,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: WORLD TRADE CENTERS ASSOCIATION FOUNDATION EXPENSES 12,567. BAD DEBT RECOVERY -328,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 59,399. 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. 231293 1 1 0 0 1 1 231293 0 231293 0 0 0 0 0 0 X X X 0 0 0 ERIC R DAHL CEO 371923 0 80000 0 0 0 15300 0 19036 0 486259 0 0 0 ISABELLA HEULE EXECUTIVE VICE PRESIDENT 240285 0 30195 0 0 0 11356 0 10156 0 291992 0 0 0 NIURKA COTERON DIRECTOR OF CORP SVCS/COMP 133088 0 30376 0 0 0 8604 0 26845 0 198913 0 0 0 SCOTT A RICHIE GENERAL COUNSEL 274012 0 61729 0 0 0 15300 0 21070 0 372111 0 0 0 SCOTT WANG VICE PRESIDENT ASIA PACIFIC 120000 0 23538 0 0 0 7560 0 4425 0 155523 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 MADE AVAILABLE TO ALL THE BOARD MEMBERS. 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 DETERMINES THE COMPENSATION WITH MANAGEMENT. THE METHOD USED IS COMPARING BENCHMARKS, SURVEYS AND ANALYSIS OF OTHER NONPROFIT ASSOCIATIONS WITH A SIMILAR VISION. THE NOMINATION AND COMPENSATION COMMITTEE MINUTES CONTEMPORANEOUSLY DOCUMENT THE COMPENSATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 556,393. 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