2026-05-15T14:09:33-05:00 2025-06-30 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2024-07-01 330190964 WORLD TRADE CENTER ASSOCIATION LOS ANGELES - LONG BEACH WORL 2132364826 633 W 5TH STREET 3300 LOS ANGELES CA 90071 KENDAL TURNER CHIEF FINANCIAL OFFICER 2132364826 2026-05-14 1 1 REGINA PRINCE CPA P00576936 2138731700 2024 2025-03-06 01:10:19Z KENDAL TURNER 633 W 5TH STREET 3300 LOS ANGELES CA 90071 103697 0 X HTTP://WWW.LAEDC.ORG X 1986 CA WTCLA'S MISSION IS DEDICATED TO ATTRACTING FOREIGN DIRECT INVESTMENT TO THE LOS ANGELES REGION AND TRADE FACILITATION. THE WTCLA PROVIDES BUSINESS ASSISTANCE TO INTERNATIONAL COMPANIES SEEKING TO LOCATE OR EXPAND OPERATIONS IN LOS ANGELES, AND TO LOCAL COMPANIES SEEKING TO EXPORT PRODUCTS AND SERVICES TO THE INTERNATIONAL MARKET. 3 1 0 93 0 0 195000 55000 41500 48697 0 0 900 0 237400 103697 0 0 0 0 0 0 0 0 10625 540808 598628 540808 598628 -303408 -494931 196947 100445 328468 726897 -131521 -626452 X WTCLA'S MISSION IS DEDICATED TO ATTRACTING FOREIGN DIRECT INVESTMENT TO THE LOS ANGELES REGION AND TRADE FACILITATION. THE WTCLA PROVIDES BUSINESS ASSISTANCE TO INTERNATIONAL COMPANIES SEEKING TO LOCATE OR EXPAND OPERATIONS IN LOS ANGELES, AND TO LOCAL COMPANIES SEEKING TO EXPORT PRODUCTS AND SERVICES TO THE INTERNATIONAL MARKET. 0 0 541301 48697 THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO EDUCATE AND PROVIDE CONSULTING SERVICES TOWARD IMPROVING WORLD TRADE AND INTERNATIONAL COMMERCE IN THE REGION, PROVIDING CERTAIN SERVICES AND RESOURCES INCLUDING BUT NOT LIMITED TO: A LIBRARY OF TRADE PUBLICATIONS AND OTHER INFORMATION SERVICES; EDUCATIONAL PROGRAMS AND SEMINARS ON TRADE AND INTERNATIONAL BUSINESS; TRANSLATION SERVICES, AND PROMOTE GOOD PUBLIC RELATIONS. 541301 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X KENDAL TURNER 2132364826 633 W 5TH STREET SUITE 3300 LOS ANGELES CA 90071 STEPHEN CHEUNG PRESIDENT AND CEO 20.00 43.00 X X 0 401374 24780 KENDAL R TURNER EXEC. VICE PRES./CFO 20.00 43.00 X X 0 256969 20919 RON FRIERSON DIRECTOR 1.00 3.00 X 0 0 0 ALISON CLARK VP BUS. ASST. & INT'L TRADE 20.00 30.00 X 0 182812 5891 WILLIAM POWLES SR. DIR. INT'L. TRADE 40.00 0.00 X 0 149284 7288 0 990439 58878 0 0 1 0 0 55000 55000 SERVICE CONTRACTS 541720 33697 33697 CONSULTING REVENUES 541720 15000 15000 48697 103697 48697 0 0 X 404327 388767 9796 5764 17525 17301 221 3 99 92 4 3 13229 10106 3025 98 8185 5878 2285 22 582 295 6 281 1499 1256 243 OTHER EXPENSES 140681 108009 28582 4090 DUES & SUBSCRIPTIONS 12501 9597 2540 364 598628 541301 46702 10625 982 93880 155000 6565 17558 17558 0 0 40965 0 196947 100445 29166 299302 726897 328468 726897 X -131521 -626452 -131521 -626452 196947 100445 -494931 0 X 0 1 X 1 0 X 374639 320000 410000 195000 55000 1354639 374639 320000 410000 195000 55000 1354639 111063 1243576 1354639 344375 0.91800 0.94860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17558 17558 0 0 INTERCOMPANY PAYABLE 726897 726897 X 11041732 60357 10877678 10938035 103697 0 103697 10504836 60357 9845851 9906208 598628 0 598628 PART X, LINE 2: LAEDC AND ITS AFFILIATED ENTITIES WTCLA, ALAI, AND CIEI ARE EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO FEDERAL OR STATE INCOME TAX PROVISION HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THESE ENTITIES ARE FURTHER CLASSIFIED AS PUBLIC CHARITIES UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). ALTHOUGH TAX-EXEMPT, LAEDC AND ITS RELATED ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME GENERATED FROM UNRELATED BUSINESS ACTIVITIES THAT ARE REGULARLY CARRIED ON AND NOT SUBSTANTIALLY RELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS EVALUATED ALL SOURCES OF REVENUE AND DETERMINED THAT ANY UNRELATED BUSINESS INCOME, IF PRESENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION FOR UNRELATED BUSINESS INCOME TAX HAS BEEN RECORDED. IN ACCORDANCE WITH FASB ASC TOPIC 740, INCOME TAXES, AND RELATED GUIDANCE ON UNCERTAIN TAX POSITIONS, THE ENTITIES RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF TAX POSITIONS ONLY WHEN IT IS MORE LIKELY THAN NOT THAT SUCH POSITIONS WILL BE SUSTAINED UPON EXAMINATION, BASED ON THEIR TECHNICAL MERITS. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S TAX POSITIONS, INCLUDING ITS ONGOING QUALIFICATION FOR TAX-EXEMPT STATUS AND ANY POTENTIAL EXPOSURE TO UNRELATED BUSINESS INCOME TAX. BASED ON THIS EVALUATION, MANAGEMENT HAS CONCLUDED THAT IT IS MORE LIKELY THAN NOT THAT ALL MATERIAL TAX POSITIONS WOULD BE UPHELD UPON EXAMINATION. THEREFORE, NO RESERVES FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED, AND NO RELATED DISCLOSURES ARE REQUIRED. THE FEDERAL INFORMATION RETURNS (FORM 990) OF LAEDC AND ITS RELATED ENTITIES REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DATE OF FILING. CALIFORNIA INFORMATION RETURNS (FORM 199) REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD FOR FOUR YEARS FROM THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF AFFILIATES 10,877,678. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATES 9,845,851. 1 0 0 0 0 0 0 0 0 STEPHEN CHEUNG PRESIDENT AND CEO 0 351374 0 50000 0 0 0 20700 0 4080 0 426154 0 0 KENDAL R TURNER EXEC. VICE PRES./CFO 0 236969 0 20000 0 0 0 16839 0 4080 0 277888 0 0 ALISON CLARK VP BUS. ASST. & INT'L TRADE 0 177812 0 5000 0 0 0 5891 0 0 0 188703 0 0 WILLIAM POWLES SR. DIR. INT'L. TRADE 0 141784 0 7500 0 0 0 7288 0 0 0 156572 0 0 PART I, LINE 4A IN 2024, ALISON CLARK, WHO SERVED AS VICE PRESIDENT BUSINESS ASSISTANCE AND INTERNATIONAL TRADE, RECEIVED SEVERANCE COMPENSATION TOTALING $21,590. PART I LINE 3 THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION, ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY (LAEDC), WHERE HE SERVES AS THE PRESIDENT/CEO. LAEDC'S BOARD HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET VALUE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO MR. CHEUNG INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE TRANSACTION. THE BOARD OF DIRECTORS REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION IN THE BOARD MINUTES INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OUTSIDE AUDITORS AND FINANCE STAFF PREPARE THE FORM 990. THE FORM IS SUBMITTED FOR REVIEW TO THE GOVERNANCE COMMITTEE AND THE AUDIT COMMITTEE. THE FORM AND ALL SCHEDULES IS THEN PROVIDED TO THE FULL BOARD BEFORE E-FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH (WTCLA) REQUIRES THAT BOARD MEMBERS, OFFICERS AND EMPLOYEES CAN NOT HAVE UNDISCLOSED FINANCIAL INTERESTS THAT CONFLICT OR APPEAR TO CONFLICT WITH HIS OR HER RESPONSIBILITIES WITH WTCLA. WTCLA REQUIRES DISCLOSURE OF ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE ENTITY THAT (A) SOLD, SUPPLIED OR PROVIDED SERVICES, (B) OPERATED A COMPETING ENTERPRISE, OR(C) PROVIDED GOODS OR SERVICES TO WTCLA IN THE LAST SIX MONTHS. WTCLA'S CFO EVALUATES THE FORMS FOR POTENTIAL CONFLICTS OF INTEREST. WTCLA ALSO REQUIRES ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF WTCLA'S CONFLICT OF INTEREST POLICY, (B) UNDERSTANDING OF THE POLICY, AND (C) AGREEMENT WITH THE POLICY FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 17,301. MANAGEMENT AND GENERAL EXPENSES 221. FUNDRAISING EXPENSES 3. TOTAL EXPENSES 17,525. ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY 633 W 5TH STREET SUITE 3300 LOS ANGELES CA 90071 953643339 PROMOTE AND ASSIST GROWTH OF JOBS IN THE LA COUNTY REGION CA 501(C)(3) LINE 7 0 CALIFORNIA INDUSTRY EDUCATION INSTITUTE 633 W 5TH STREET SUITE 3300 LOS ANGELES CA 90071 954482044 DEVELOPING PROGRAMS WITH CA COLLEGES TO ASSIST THE GROWTH OF JOBS IN LA CNTY CA 501(C)(3) LINE 7 ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY 0 ACTIVATE LA INCFKA EDC PRODUCT DEVELOPMENT FUND INC 633 W 5TH STREET SUITE 3300 LOS ANGELES CA 90071 954482158 EASE THE BURDENS OF GOVERNMENT BY ASSISTING ACTIVITIES OF A PUBLIC NATURE CA 501(C)(3) LINE 7 ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 ECONOMIC DEVELOPMENT CORP OF LOS ANGELES COUNTY P 404327 COST