Civic Intelligence

World Around Inc

EIN 85-3707451 • 501(c)3 • Brooklyn, NY

Profile

The world around is a global nonprofit platform with a simple but ambitious mission: to make the best new ideas in architecture accessible to all. The world arounds critically acclaimed public programs share the now, near and next of contemporary architecture and design culture with a focus on interdisciplinary, progressive, actionable ideas and climate justice.

250 Ashland Place Ste 4ABrooklyn, NY 11217

theworldaround.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.60x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.14x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-36%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

53%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$38,422

Down $22,402 (-37%) from 2023

Liabilities

Up

$99,906

Up $80,200 (+407%) from 2023

Net Assets

Down

-$61,484

Down $102,602 (-250%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin22nd percentile

Revenue

Up

$707,493

Up $37,533 (+5.6%) from 2023

Expenses

Up

$792,310

Up $128,778 (+19%) from 2023

Net Income

Down

-$84,817

Down $91,245 (-1419%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2021: $423,222Liabilities 2021: $60,103Net Assets 2021: $363,1192021Assets 2022: $230,972Liabilities 2022: $16,002Net Assets 2022: $214,9702022Assets 2023: $60,824Liabilities 2023: $19,706Net Assets 2023: $41,1182023Assets 2024: $38,422Liabilities 2024: $99,906Net Assets 2024: -$61,4842024

Highlighted filing

2024

Assets$38,422
Liabilities$99,906
Net Assets-$61,484
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $670,134Expenses 2021: $347,012Net Income 2021: $323,1222021Revenue 2022: $282,291Expenses 2022: $430,440Net Income 2022: -$148,1492022Revenue 2023: $669,960Expenses 2023: $663,532Net Income 2023: $6,4282023Revenue 2024: $707,493Expenses 2024: $792,310Net Income 2024: -$84,8172024

Highlighted filing

2024

Revenue$707,493
Expenses$792,310
Net Income-$84,817
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$38,422
Liabilities
$99,906
Net assets
-$61,484
Revenue
$707,493
Expenses
$792,310
Net income
-$84,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$1.00$0.61$7.07$7.92$0.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.20$0.41$6.70$6.64$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.16$2.15$2.82$4.30$1.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$0.60$3.63$6.70$3.47$3.23
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$282,291
Mission and Program Overview

Mission

The world around is a global nonprofit platform with a simple but ambitious mission: to make the best new ideas in architecture accessible to all. The world arounds critically acclaimed public programs share the now, near and next of contemporary architecture and design culture with a focus on interdisciplinary, progressive, actionable ideas and climate justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,173$184,142▲ $106,969
Pledges and Grants Receivable$342,500$44,700▼ $297,800
Land, Buildings, and Equipment, Net$3,549$2,130▼ $1,419
Total Assets$423,222$230,972▼ $192,250
Liabilities
Accounts Payable and Accrued Expenses$60,103$16,002▼ $44,101
Total Liabilities$60,103$16,002▼ $44,101
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$363,119$214,970▼ $148,149
Total Net Assets Fund Balance$363,119$214,970▼ $148,149
Total Liabilities and Net Assets / Fund Balance$423,222$230,972▼ $192,250

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,130$1,819$3,949
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Beatrice GalileeExecutive DiFT$121,150$121,150

Board Members and Trustees

NameTitle
Adam FlattoDirector
Elizabeth DillerDirector
John HaskellDirector
Peter DillonDirector
Vishaan ChakrabartiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$281,569
Program Service Revenue
$722
Investment Income
$0
Other Revenue
$0
All Other Contributions
$199,864
Change in Net Assets
$-148,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$300,726
Salaries, Compensation, and Employee Benefits$129,714
Total Fundraising Expense$20,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,000$12,000$12,000$120,000
Advertising$61,826--$61,826
Travel$32,285--$32,285
Fees for Services Accounting-$17,595-$17,595
Insurance$8,324$4,994$3,329$16,647
Payroll Taxes$7,770$972$972$9,714
Office Expenses$3,495$2,067$1,380$6,942
Other Expenses$5,257$2,456$2,456$5,257
Depreciation Depletion-$1,419-$1,419
Information Technology$709$88$88$885
Fees for Services Legal-$265-$265
Total Functional Expenses$368,359$41,856$20,225$430,440
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the board of directors, including the executive director, prior to filing with the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The World Around Inc
EIN
85-3707451
Phone
9179221795
Address
250 ASHLAND PLACE STE 4A, BROOKLYN, NY 11217

Signing Officer

Name
Beatrice Galilee
Title
Executive Director
Phone
9179221795
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beatrice Galilee
Formed
2020
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Rbt Cpas Llp
Address
2678 SOUTH RD STE 101, POUGHKEEPSIE, NY 12601-5254
Preparer
Ross Trapani CPA
Phone
8454855510
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The world around is a global nonprofit platform with a simple but ambitious mission: to make the best new ideas in architecture accessible to all. The world arounds critically acclaimed public programs share the now, near and next of contemporary architecture and design culture with a focus on interdisciplinary, progressive, actionable ideas and climate justice.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization files an annual form 990 as a tax exempt organization under section 501(c)(3) of the internal revenue code. As such, no federal or new york state taxes are paid by the organization. The organization has been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170 (b)(1)(a)(vi). The organization adopted the provisions of accounting principles generally accepted in the united states of america regarding accounting for uncertain tax positions. Management evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax positions that would require adjustment to the financial statements in order to comply with the provisions of this guidance. With few exceptions, the organization is not subject to income tax examination by the u.s. Federal, state, or local tax authorities for fiscal year prior to 2020.”

Raw XML Appendix334 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WORLD AROUND IS A GLOBAL NONPROFIT PLATFORM WITH A SIMPLE BUT AMBITIOUS MISSION: TO MAKE THE BEST NEW IDEAS IN ARCHITECTURE ACCESSIBLE TO ALL. THE WORLD AROUNDS CRITICALLY ACCLAIMED PUBLIC PROGRAMS SHARE THE NOW, NEAR AND NEXT OF CONTEMPORARY ARCHITECTURE AND DESIGN CULTURE WITH A FOCUS ON INTERDISCIPLINARY, PROGRESSIVE, ACTIONABLE IDEAS AND CLIMATE JUSTICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS, INCLUDING THE EXECUTIVE DIRECTOR, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0250 ASHLAND PLACE STE 4A
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011217
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEATRICE GALILEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09179221795
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WORLD AROUND INC
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0853707451
ReturnHeader/Filer/PhoneNum09179221795
ReturnHeader/Filer/USAddress/AddressLine1Txt0250 ASHLAND PLACE STE 4A
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141604297
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RBT CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02678 SOUTH RD STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POUGHKEEPSIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0126015254
ReturnHeader/PreparerPersonGrp/PhoneNum08454855510
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS TRAPANI CPA
ReturnHeader/ReturnTs02023-11-15T09:32:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEATRICE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GALILEE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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