2025-03-20T12:12:33-05:00 2024-06-30 043100673 LCW CPAs 303 Canal Street Suite 200 Lawrence MA 01840 990 2023-07-01 223036665 World Music Inc WORL 6178764275 720 Massachusetts Avenue Cambridge MA 02139 Constance Chin Chief Executive Officer 6178764275 2025-03-20 1 1 Shannon B Lee CPA P02370900 9786898822 2025-03-19 2023 2025-03-06 01:10:19Z Global Arts Live Constance Chin 720 Massachusetts Avenue Cambridge MA 02139 2990077 0 X www.worldmusic.org X 1990 MA The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater Boston. 12 11 37 18 0 0 1083680 1218136 1215936 1604096 47111 90525 0 -45235 2346727 2867522 0 0 0 0 871995 836452 0 0 185102 1396693 1642446 2268688 2478898 78039 388624 2180590 2441767 517975 314795 1662615 2126972 X The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater Boston. 0 0 2104125 1604096 The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater Boston. The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater Boston. 2104125 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 10 0 37 1 0 0 0 0 0 1 1 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Nick Ware 6178764275 720 Mass Avenue Cambridge MA 02139 Maure Aronson Founder and Director of Ar 30.00 10.00 X X 225547 0 46376 Alan Geismer Board Member 1.00 X 0 0 0 Edith Joyce Treasurer 1.00 X X 0 0 0 Nagesh Mahanthappa President 1.00 1.00 X X 0 0 0 Eric Klotch Secretary 1.00 X 0 0 0 Andrea Itano Board Member 1.00 1.00 X 0 0 0 Purnima Thakre Board Member 1.00 X 0 0 0 Jean Appolon Board Member 1.00 X 0 0 0 Yusuf Abudi Board Member 1.00 X 0 0 0 Kendra Moore Board Member 1.00 X 0 0 0 Lisa Amaya Price Board Member 1.00 X 0 0 0 Rima Hyder Board Member 1.00 X 0 0 0 Constance Chin Chief Executive Officer 30.00 10.00 X 229768 0 48668 Jennifer Fox Director of Marketing and Public Relations 40.00 X 105143 0 19122 Catherine Ianno Director of Advancement 40.00 X 109487 0 23766 669945 0 137932 4 0 1 0 0 193288 188523 836325 670 1218136 Ticket sales 711110 1497188 1497188 Ticket sales service f 711110 93356 93356 Misc. Income 711110 13552 13552 1604096 90525 90525 19800 0 19800 19800 19800 57520 193288 122555 -65035 -65035 2867522 1604096 0 45290 X 687512 459682 94199 133631 50137 33380 6221 10536 98803 66062 13537 19204 554 554 7615 7615 1553019 1499955 31333 21731 29852 29852 38361 7025 31336 13045 13045 2478898 2104125 189671 185102 31667 259860 1557509 1743650 22808 169490 327260 110940 11460 12352 61675 33384 36646 28291 193240 117184 2180590 2441767 183124 86964 141611 110647 193240 117184 517975 314795 X 1662615 1856455 0 270517 1662615 2126972 2180590 2441767 388624 75731 0 X X 0 1 X 1 0 X 679945 870577 2033238 1083680 1024178 5691618 1221614 89110 621858 1215936 1854904 5003422 1901559 959687 2655096 2299616 2879082 10695040 0 0 0 10695040 6540 81 2472 47111 90665 146869 6540 81 2472 47111 90665 146869 1908099 959768 2657568 2346727 2969747 10841909 0.98650 0.99720 0.01350 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 18000 18000 18000 18000 218000 52700 252700 18000 61675 33384 28291 0 28291 Right of use lease liability 117184 117184 X 2885717 18195 18195 2867522 0 2867522 2497092 18195 18195 2478897 0 2478897 Part X, Line 2: The Organization evaluates its uncertain tax positions using the provisions of ASC 450, "Contingencies". Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of June 30, 2024, the Organization had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Organization's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the years ended June 30, 2024. X X X X Annual Gala 250808 193288 57520 12690 43544 47415 18906 250808 193288 57520 12690 43544 47415 18906 122555 -65035 X 0 0 0 0 0 0 0 0 0 Constance Chin Chief Executive Officer 208057 0 21711 0 0 0 29545 0 19123 0 278436 0 0 0 Maure Aronson Founder and Director of Ar 204922 0 20625 0 0 0 40889 0 5487 0 271923 0 0 0 Substantial contributor Board member 6000 Contribution 0 Substantial contributor Board member 36600 Contribution 0 Substantial contributor Board member 12000 Contribution 0 Substantial contributor Board member 35000 Contribution 0 Substantial contributor Board member 14000 Contribution 0 Form 990, Part VI, Section B, line 11b The completed Form 990 will be presented to the Board of Directors prior to its filing. Form 990, Part VI, Section B, line 12c Board members are required to sign an acknowledgement form on an annual basis that no conflicts of interest exist. Board members shall refrain from obtaining any list of clients for personal or private solicitation purposes at any time during their affiliation. Form 990, Part VI, Section B, line 15a Board members evaluate CEO and Director of Artistic Programs performances annually and determine salary and bonus compensation. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, policy statements, and financial statements available to the public upon request in writing to the CEO at the Organization's mailing address. Form 990, Part IX, line 11g Production Expenses: Program service expenses 463,017. Management and general expenses 0. Fundraising expenses 0. Total expenses 463,017. Development expenses: Program service expenses 0. Management and general expenses 0. Fundraising expenses 21,731. Total expenses 21,731. Artist Fees: Program service expenses 639,455. Management and general expenses 0. Fundraising expenses 0. Total expenses 639,455. Consulting: Program service expenses 79,771. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,771. Administrative expenses: Program service expenses 0. Management and general expenses 26,527. Fundraising expenses 0. Total expenses 26,527. Telephone and internet: Program service expenses 7,253. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,253. Marketing Postage: Program service expenses 14,510. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,510. Marketing Printing: Program service expenses 46,415. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,415. Marketing Advertising: Program service expenses 75,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,142. Other marketing expense: Program service expenses 39,732. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,732. Other professional fees: Program service expenses 0. Management and general expenses 4,806. Fundraising expenses 0. Total expenses 4,806. Credit card processing fees: Program service expenses 39,769. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,769. Box office technology: Program service expenses 31,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,795. Artist travel and lodging: Program service expenses 63,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,096. 990 Part XII, Line 2c No changes to the process in place. Part IX, Line 7, Salaries and Wages Total Salaries and wages expense equal $1,113,027. The difference between $1,113,027 and the reported amount of $665,329 on page 10 is picked up on a related Organization's Form 990 in the amount of $447,698. The related Organization is a non-profit with Federal ID # 86-2767219. 585 Arts Inc 720 Massachusetts Avenue Cambridge MA 02139 862767219 Arts and performance theater MA 509(a)(2) World Music Inc 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 585 Arts Inc O 513712 Allocation of time