World Economic Forum
- Assets
- $768.4m
- Revenue
- $370.4m
- Investments
- $0.0
- Employees
- 271
- Location
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 98-0459408
Organization Overview
World Economic Forum is located in null. The organization was established in 2016. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, World Economic Forum employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Economic Forum is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, World Economic Forum generated $370.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $315.0m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD ECONOMIC FORUM, COMMITTED TO IMPROVING THE STATE OF THE WORLD, IS THE INTERNATIONAL ORGANIZATION FOR PUBLIC-PRIVATE COOPERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS THE FORUM HOSTS A VARIETY OF MEETINGS ON AN ANNUAL BASIS INCLUDING THE ANNUAL MEETING IN DAVOS, AN ANNUAL MEETING OF NEW CHAMPIONS IN CHINA, AND MULTIPLE REGIONAL MEETINGS AROUND THE WORLD. THE FORUM'S ANNUAL MEETING IN DAVOS IS AN INTERNATIONALLY RECOGNIZED EVENT THAT BRINGS TOGETHER MANY OF THE WORLD'S TOP BUSINESS LEADERS - INCLUDING THE CEO'S OF ITS 1,000 MEMBER COMPANIES - AS WELL AS POLITICAL LEADERS, RELIGIOUS LEADERS, NGO REPRESENTATIVES, INTELLECTUALS, AND JOURNALISTS. IN ADDITION, THE FORUM HOSTS ANNUAL AND REGIONAL MEETINGS AND ORGANIZES OTHER MEETINGS ON VARIOUS BUSINESS-RELATED TOPICS.
BUSINESS NETWORKS AND INITIATIVES THE FORUM HAS DEVELOPED A NUMBER OF PARTNERSHIP NETWORKS THAT ARE DESIGNED TO LINK BUSINESSES BASED ON DIFFERENT CHARACTERISTICS, SUCH AS REGION OR INDUSTRY. ADDITIONALLY, THE FORUM SPONSORS INITIATIVES THAT ENCOURAGE PUBLIC-PRIVATE PARTNERSHIPS TO TACKLE GLOBAL ISSUES.
REPORTS THE FORUM CONDUCTS RESEARCH AND ISSUES SUBSTANTIVE REPORTS AND WHITEPAPERS THAT FOCUS ON THE INTERSECTIONS BETWEEN GEOPOLITICS, ECONOMICS, TECHNOLOGY, AND SOCIETY. THE RESEARCH ACTIVITIES HAVE INCLUDED ECONOMIC COMPETITIVENESS, GLOBAL RISKS, GENDER PARITY, AND SECURITY, EMPHASIZING BENCHMARKING STRATEGIC FORESIGHT, AND SHARING BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Klaus Schwab Founder And Executive Chairman | OfficerTrustee | 40 | $1,006,575 |
Borge Brende President Of Managing Board | Officer | 40 | $959,076 |
David Aikman Chief Rep. Officer Til 8/15/21 | Officer | 40 | $889,907 |
Murat Sonmez Former Managing Director | 0 | $927,685 | |
Jeremy Jurgens Managing Director | Officer | 40 | $730,514 |
Olivier Schwab Managing Director | Officer | 40 | $725,136 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aguirre Ibanez Pablo Video Services | 6/29/22 | $327,454 |
Matt Oliver Consulting Services | 6/29/22 | $227,606 |
Petra Tanos Consulting Services | 6/29/22 | $158,669 |
Carpenter Sprungli Danielle Consulting Services | 6/29/22 | $153,902 |
Felipe Carazo Ortiz Consulting Services | 6/29/22 | $159,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,344,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,984,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,328,911 |
| Total Program Service Revenue | $299,125,767 |
| Investment income | $1,305,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,490,935 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,420,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,416,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,983,428 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,060,320 |
| Pension plan accruals and contributions | $10,466,201 |
| Other employee benefits | $15,875,595 |
| Payroll taxes | $1,419,745 |
| Fees for services: Management | $2,470,485 |
| Fees for services: Legal | $916,408 |
| Fees for services: Accounting | $546,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,514,545 |
| Advertising and promotion | $0 |
| Office expenses | $6,516,986 |
| Information technology | $15,625,478 |
| Royalties | $0 |
| Occupancy | $18,800,163 |
| Travel | $13,549,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,720,338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,668,115 |
| Insurance | $477,945 |
| All other expenses | $0 |
| Total functional expenses | $314,980,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,494,650 |
| Savings and temporary cash investments | $8,519,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,345,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,058,516 |
| Net Land, buildings, and equipment | $120,239,515 |
| Investments—publicly traded securities | $371,006,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,596,381 |
| Other assets | $3,111,763 |
| Total assets | $768,372,322 |
| Accounts payable and accrued expenses | $69,678,118 |
| Grants payable | $0 |
| Deferred revenue | $154,324,989 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $99,498,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,914,896 |
| Total liabilities | $341,416,253 |
| Net assets without donor restrictions | $426,956,069 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $768,372,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|