Civic Intelligence

Globalfest Inc.

990 • Fiscal year 2015 • EIN 27-3612523

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization ProfileWWW.GLOBALFEST.ORG
C/O Cfsi 601 West 26th St No 325New York, NY 10001

(212) 539-8540

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.03x

Higher debt load relative to revenue than 39% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Net Margin

96th percentile

68%

Higher net margin than 96% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Asset Growth

98th percentile

584%

Faster asset growth than 98% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

337%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$471,951

Up $402,909 (+584%) from 2014

Net Assets

Up

$454,919

Up $393,836 (+645%) from 2014

Liabilities

Up

$17,032

Up $9,073 (+114%) from 2014

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin96th percentile

Revenue

Up

$580,239

Up $447,493 (+337%) from 2014

Expenses

Up

$186,403

Up $10,848 (+6.2%) from 2014

Net Income

Up

$393,836

Up $436,645 (+1020%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2013: $104,012Liabilities 2013: $120Net Assets 2013: $103,8922013Assets 2014: $69,042Liabilities 2014: $7,959Net Assets 2014: $61,0832014Assets 2015: $471,951Liabilities 2015: $17,032Net Assets 2015: $454,9192015Assets 2016: $372,640Liabilities 2016: $12,652Net Assets 2016: $359,9882016Assets 2017: $253,534Liabilities 2017: $9,179Net Assets 2017: $244,3552017Assets 2018: $368,586Liabilities 2018: $5,510Net Assets 2018: $363,0762018Assets 2020: $321,911Liabilities 2020: $3,012Net Assets 2020: $318,8992020Assets 2021: $228,332Liabilities 2021: $3,012Net Assets 2021: $225,3202021Assets 2022: $182,506Liabilities 2022: $1,512Net Assets 2022: $180,9942022

Highlighted filing

2015

Assets$471,951
Liabilities$17,032
Net Assets$454,919
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $157,2142013Revenue 2014: $132,746Expenses 2014: $175,555Net Income 2014: -$42,8092014Revenue 2015: $580,239Expenses 2015: $186,403Net Income 2015: $393,8362015Revenue 2016: $172,225Expenses 2016: $267,156Net Income 2016: -$94,9312016Revenue 2017: $160,320Expenses 2017: $275,953Net Income 2017: -$115,6332017Revenue 2018: $360,670Expenses 2018: $241,949Net Income 2018: $118,7212018Revenue 2020: $240,036Expenses 2020: $189,853Net Income 2020: $50,1832020Revenue 2021: $100,141Expenses 2021: $193,720Net Income 2021: -$93,5792021Revenue 2022: $81,109Expenses 2022: $125,435Net Income 2022: -$44,3262022

Highlighted filing

2015

Revenue$580,239
Expenses$186,403
Net Income$393,836
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$580,239
Mission and Program Overview

Mission

To advance and promote international performing arts traditions throughout the north american presenting field through activities including festivals, showcases and concerts, etc.

The organization's exempt purpose is to advance and promote international performing arts traditions throughout north america through activities including festivals, showcases and concerts, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$45,000$326,310▲ $281,310
Cash and Non-Interest-Bearing Accounts$16,486$135,641▲ $119,155
Accounts Receivable$7,556$10,000▲ $2,444
Total Assets$69,042$471,951▲ $402,909
Liabilities
Accounts Payable and Accrued Expenses$7,959$17,032▲ $9,073
Total Liabilities$7,959$17,032▲ $9,073
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$350,994-
Unrestricted Net Assets$61,083$103,925▲ $42,842
Total Net Assets Fund Balance$61,083$454,919▲ $393,836
Total Liabilities and Net Assets / Fund Balance$69,042$471,951▲ $402,909
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Isabel SofferPresident
William M BraginSecretary
Shanta ThakeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$523,840
Program Service Revenue
$53,154
Investment Income
$0
Other Revenue
$3,245
All Other Contributions
$491,052
Change in Net Assets
$393,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,403
Total Fundraising Expense$15,350
Professional Fundraising Fees$13,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,039$22,749$2,289$30,077
Occupancy$12,500$1,777-$14,277
Fees for Services Professional Fundraising--$13,000$13,000
Advertising$9,277$3,413-$12,690
Conferences and Meetings$6,505--$6,505
Office Expenses$2,183$1,716-$3,899
Fees for Services Accounting-$3,827-$3,827
Other Expenses$3,401--$3,401
Travel$2,348$83-$2,431
Insurance-$2,386-$2,386
Information Technology$280$10$61$351
Fees for Services Legal-$120-$120
Total Functional Expenses$134,972$36,081$15,350$186,403
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no commmittees with authority to act on behalf on the governing board.”

Form 990, Part VI, Section B, Line 11

“A draft version of the form 990 is circulated electronically to the finance and executive committees prior to submitting to the irs. A final version is circulated to the entire board electronically.”

Form 990, Part VI, Section B, Line 12C

“During the end-of-year board meetings, conflict of interest policies are signed by the officers and directors and are monitored throughout the year.”

Form 990, Part VI, Section B, Line 15B

“We spent a significant amount of time looking at other organizations in similar budget ranges and based consultant fees and wages on those findings. Interviews were conducted by all board members.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Globalfest Inc
EIN
27-3612523
Phone
2125398540
Address
C/O CFSI 601 WEST 26TH ST NO 325, NEW YORK, NY 10001

Signing Officer

Name
Shannon Thake
Title
Treasurer
Phone
2125398540
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Thake
Formed
2003
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Lutz and Carr Cpas Llp
Address
300 EAST 42ND STREET, NEW YORK, NY 10017
Preparer
Martin Berkowitz
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“We began globalfest hangouts, which involve monthly gatherings in the new york metro area to increase brand awareness and cultivate local donors and fans.”

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 5,039. Management and general expenses 22,749. Fundraising expenses 2,289. Total expenses 30,077.”

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07959
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017032
IRS990/AccountsReceivableGrp/BOYAmt07556
IRS990/AccountsReceivableGrp/EOYAmt010000
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S EXEMPT PURPOSE IS TO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT NORTH AMERICA THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03413
IRS990/AdvertisingGrp/ProgramServicesAmt09277
IRS990/AdvertisingGrp/TotalAmt012690
IRS990/AllOtherContributionsAmt0491052
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0ISABEL SOFFER
IRS990/BooksInCareOfDetail/PhoneNum09172926812
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0260 WEST 26TH STREET 325 MAILBOX
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010001
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt016486
IRS990/CashNonInterestBearingGrp/EOYAmt0135641
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06505
IRS990/ConferencesMeetingsGrp/TotalAmt06505
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0523840
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0173403
IRS990/CYOtherRevenueAmt03245
IRS990/CYProgramServiceRevenueAmt053154
IRS990/CYRevenuesLessExpensesAmt0393836
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0186403
IRS990/CYTotalFundraisingExpenseAmt015350
IRS990/CYTotalProfFndrsngExpnsAmt013000
IRS990/CYTotalRevenueAmt0580239
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0GLOBALFEST FLAGSHIP AT ARTS PRESENTERSOUR FLAGSHIP FESTIVAL IN NEW YORK CITY SHOWCASES 12 BANDS TO AN AUDIENCE OF ARTS PROFESSIONALS AND ALLOWS THEM THE OPPORTUNITY TO CREATE SUCCESSFUL TOURING AND SUSTAINABLE CAREERS. GLOBALFEST ALSO PROVIDED A PLATFORM FOR ARTISTS AT THE ARTS PRESENTERS CONFERENCE WHERE THEY COULD INTERACT WITH AGENTS AND PRESENTERS DIRECTLY. THE NEW YORK TIMES STATED "OVER THE LAST DECADE GLOBALFEST HAS PRESENTED 21ST-CENTURY WORLD MUSIC AS AN ACCELERATING FUSION, A RECOMBINANT FREE-FOR-ALL OF LOCAL TRADITIONS MEETING IDEAS AND TECHNOLOGIES FROM AFAR. IT'S A REALISTIC VIEW OF HOW MUSICIANS WORK; VERY FEW ARE PURISTS. AND SOME HYBRIDS HAVE GROWN DURABLE ENOUGH TO FEEL LIKE TRADITIONS OF THEIR OWN." ONCE AGAIN, NATIONAL PUBLIC RADIO CONTINUED IT'S SUPPORT OF GLOBALFEST WHICH LED TO ALL TWELVE SETS BEING STREAMED ON THEIR SITE, REACHING MILLIONS OF LISTENERS AND EXPANDING THE PUBLIC PERCEPTION OF WORLD MUSIC.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt096160
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03827
IRS990/FeesForServicesAccountingGrp/TotalAmt03827
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0120
IRS990/FeesForServicesLegalGrp/TotalAmt0120
IRS990/FeesForServicesOtherGrp/FundraisingAmt02289
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt022749
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05039
IRS990/FeesForServicesOtherGrp/TotalAmt030077
IRS990/FeesForServicesProfFundraising/FundraisingAmt013000
IRS990/FeesForServicesProfFundraising/TotalAmt013000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt215.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ISABEL SOFFER
IRS990/Form990PartVIISectionAGrp/PersonNm1SHANTA THAKE
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM M BRAGIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt032788
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0580239
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt061
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010
IRS990/InformationTechnologyGrp/ProgramServicesAmt0280
IRS990/InformationTechnologyGrp/TotalAmt0351
IRS990/InsuranceGrp/ManagementAndGeneralAmt02386
IRS990/InsuranceGrp/TotalAmt02386
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GLOBALFEST BELIEVES THAT MUSIC CAN BE A DRIVING FORCE TOWARD A SOCIETY THAT VALUES CULTURAL DIVERSITY AS A SOURCE OF UNITY RATHER THAN DIVISION. BY MOVING INTERNATIONAL MUSIC TO THE CENTER OF THE PERFORMING ARTS FIELD, GLOBALFEST FOSTERS A ROBUST AND SUSTAINABLE ECOSYSTEM FOR WORLD MUSIC IN THE U.S.GLOBALFEST'S PROGRAMS CATALYZE CREATIVE AND ARTISTIC NETWORKS THAT BREAK DOWN CULTURAL AND SOCIAL BOUNDARIES TO SUPPORT AND SHARE THE WORLD'S MUSIC THROUGH PERFORMANCE, TOURING AND MEDIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt061083
IRS990/NetAssetsOrFundBalancesEOYAmt0454919
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01777
IRS990/OccupancyGrp/ProgramServicesAmt012500
IRS990/OccupancyGrp/TotalAmt014277
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01716
IRS990/OfficeExpensesGrp/ProgramServicesAmt02183
IRS990/OfficeExpensesGrp/TotalAmt03899
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ARTIST FEES
IRS990/OtherExpensesGrp/Desc1PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt051600
IRS990/OtherExpensesGrp/ProgramServicesAmt141839
IRS990/OtherExpensesGrp/ProgramServicesAmt23401
IRS990/OtherExpensesGrp/TotalAmt051600
IRS990/OtherExpensesGrp/TotalAmt141839
IRS990/OtherExpensesGrp/TotalAmt23401
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0BADGE REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03245
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03245
IRS990/OtherRevenueTotalAmt03245
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt045000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0326310
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHANNON THAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043154
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110000
IRS990/ProgSrvcAccomActy2Grp/Desc0GLOBALFEST TOURING FUNDTHIS YEAR, WE FUNDED ARTISTS TOURING TO NEW MARKETS ACROSS THE COUNTRY, FURTHERING OUR MISSION OF CREATING CULTURAL DIALOGUE THROUGH THE ARTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt025500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0GLOBALFEST ON THE ROAD AT SXSW AND BONNAROO THIS YEAR, WE CONTINUED OUR ACTIVITIES AT COMMERCIAL FESTIVALS, CURATING AT SXSW AND BONNAROO AND REACHING THOUSANDS OF NEW AUDIENCES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08871
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt010000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ARTIST SERVICES, CREOLE CARNIVAL TOUR, GLOBALFEST HANGOUT SERIES, GLOBALFEST ON THE ROAD AND LINCOLN CENTER.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04441
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt092070
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0175555
IRS990/PYOtherRevenueAmt02068
IRS990/PYProgramServiceRevenueAmt038608
IRS990/PYRevenuesLessExpensesAmt0-42809
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0175555
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0132746
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0393836
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt046399
IRS990ScheduleA/FactsAndCircumstancesTestTxt0IN 2015 THE ORGANIZATION RECEIVED A LARGE 3 YEAR GRANT FROM ONE FOUNDATION TOTALLING $450,000. THE ORGANIZATION ONLY HAS $150,000 OF THIS GRANT EACH YEAR FOR ITS USE. THE BALANCE IS RECEIVABLE. IF THE GRANT WOULD HAVE BEEN REFLECTED OVER THREE YEARS THE ORGANIZATION WOULD HAVE MET THE 33 1/3 % TEST.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0523840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt092070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0165241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt076158
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0881327
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0221965
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03245
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02068
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01872
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02300
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09485
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.31580
IRS990ScheduleA/PublicSupportTotal170Amt0281354
IRS990ScheduleA/SubstantialContributorsTotAmt0599973
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0523840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt092070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0165241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt076158
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024018
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0881327
IRS990ScheduleA/TotalSupportAmt0890812
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE BEGAN GLOBALFEST HANGOUTS, WHICH INVOLVE MONTHLY GATHERINGS IN THE NEW YORK METRO AREA TO INCREASE BRAND AWARENESS AND CULTIVATE LOCAL DONORS AND FANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMMITTEES WITH AUTHORITY TO ACT ON BEHALF ON THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT VERSION OF THE FORM 990 IS CIRCULATED ELECTRONICALLY TO THE FINANCE AND EXECUTIVE COMMITTEES PRIOR TO SUBMITTING TO THE IRS. A FINAL VERSION IS CIRCULATED TO THE ENTIRE BOARD ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DURING THE END-OF-YEAR BOARD MEETINGS, CONFLICT OF INTEREST POLICIES ARE SIGNED BY THE OFFICERS AND DIRECTORS AND ARE MONITORED THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WE SPENT A SIGNIFICANT AMOUNT OF TIME LOOKING AT OTHER ORGANIZATIONS IN SIMILAR BUDGET RANGES AND BASED CONSULTANT FEES AND WAGES ON THOSE FINDINGS. INTERVIEWS WERE CONDUCTED BY ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,039. MANAGEMENT AND GENERAL EXPENSES 22,749. FUNDRAISING EXPENSES 2,289. TOTAL EXPENSES 30,077.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0350994
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069042
IRS990/TotalAssetsEOYAmt0471951
IRS990/TotalAssetsGrp/BOYAmt069042
IRS990/TotalAssetsGrp/EOYAmt0471951
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0523840
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015350
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036081
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134972
IRS990/TotalFunctionalExpensesGrp/TotalAmt0186403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07959
IRS990/TotalLiabilitiesEOYAmt017032
IRS990/TotalLiabilitiesGrp/BOYAmt07959
IRS990/TotalLiabilitiesGrp/EOYAmt017032
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt061083
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0454919
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt04441
IRS990/TotalProgramServiceExpensesAmt0134972
IRS990/TotalProgramServiceRevenueAmt053154
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0580239
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0471951
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt083
IRS990/TravelGrp/ProgramServicesAmt02348
IRS990/TravelGrp/TotalAmt02431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt061083
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0103925
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 WEST 26TH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.GLOBALFEST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANNON THAKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02125398540
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBALFEST INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0273612523
ReturnHeader/Filer/PhoneNum02125398540
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O CFSI 601 WEST 26TH ST NO 325
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131655065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 EAST 42ND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTIN BERKOWITZ
ReturnHeader/ReturnTs02016-05-16T11:07:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$471,951
Liabilities
$17,032
Net assets
$454,919
Revenue
$580,239
Expenses
$186,403
Net income
$393,836
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.02$1.81$0.81$1.25$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.03$2.25$1.00$1.94$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.03$3.19$2.40$1.90$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.06$3.63$3.61$2.42$1.19
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.09$2.44$1.60$2.76$1.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.13$3.60$1.72$2.67$0.95
2015Detailed filing. Detailed filing data is available for this year.$4.72$0.17$4.55$5.80$1.86$3.94
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.08$0.61$1.33$1.76$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$1.57
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $500k-$1M nonprofits