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GLOBALFEST INC: Form 990EZ, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
GLOBALFEST INC (EIN 27-3612523)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-01-23
IRS object ID
201840239349200214
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-01-23T16:25:10-06:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131655065PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1551 FIFTH AVENUE SUITE 400AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10176ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273612523EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLOBALFEST INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGLOBBusinessNameControlTxt
Phone2125398540PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O CFSI 601 WEST 26TH STAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10003ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHANNON THAKEPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2125398540PhoneNum
Signature2018-01-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN BERKOWITZPreparerPersonNm
PTINP00154047PTIN
Phone2126972299PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.142.140.186IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-01-16IPDt
IP Tm14:04:30IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdAF62CCEFCDD7BCBBBD39C89C5E2C1054D93945A6AtSubmissionCreationDeviceId
At Submission Filing Device Id703201A1C842F2F9D3275B112742744F5B774F67AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.GLOBALFEST.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$160,320GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$115,235ContributionsGiftsGrantsEtcAmt
Program Service Revenue$42,909ProgramServiceRevenueAmt
Other Revenue Total$2,176OtherRevenueTotalAmt
Total Revenue$160,320TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$96,202FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$21,633OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$2,693PrintingPublicationsPostageAmt
Other Expenses Total$155,425OtherExpensesTotalAmt
Total Expenses$275,953TotalExpensesAmt
Excess Or Deficit For Year-$115,633ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$359,988NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$244,355NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$187,640BOYAmt
EOY$219,570EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$185,000BOYAmt
EOY$33,964EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$372,640BOYAmt
EOY$253,534EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,652BOYAmt
EOY$9,179EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$359,988BOYAmt
EOY$244,355EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT THE NORTH AMERICAN PRESENTING FIELD THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
GLOBALFEST 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 ITS SUPPORT OF GLOBALFEST WHICH LED TO ALL TWELVE SETS BEING STREAMED FROM THEIR SITE, REACHING MILLIONS OF LISTENERS AND EXPANDING THE PUBLIC PERCEPTION OF WORLD MUSIC.$0$89,099
GLOBALFEST TOURING FUNDTHIS YEAR, WE FUNDED ARTISTS TOURING TO NEW MARKETS ACROSS THE COUNTRY, FURTHERING OUR MISSION OF CREATING CULTURAL DIALOGUE THROUGH THE ARTS.$0$7,000
GLOBALFEST ON THE ROAD AT SXSW THIS YEAR, WE CONTINUED OUR ACTIVITIES AT COMMERCIAL FESTIVALS, CURATING TWO STAGES AT SXSW AND REACHING THOUSANDS OF NEW AUDIENCES$0$28,127
ARTIST SERVICES, GLOBALFEST HANGOUT SERIES AND WAVELENGTHS$0$31,638
FieldValueIRS element (for citing)
Total Program Service Expenses$155,864TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ISABEL SOFFER
PRESIDENT15.00$0$0$0
SHANNON THAKE
TREASURER15.00$0$0$0
WILLIAM M BRAGIN
SECRETARY15.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonISABEL SOFFERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1260 WEST 26TH STREET 325 MAILBOXAddressLine1Txt
Address Line2264AddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd
FieldValueIRS element (for citing)
Phone9172926812PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$165,241CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$92,070CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$523,840CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$98,222CurrentTaxYearMinus1YearAmt
Current Tax Year$115,235CurrentTaxYearAmt
Total$994,608TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$165,241CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$92,070CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$523,840CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$98,222CurrentTaxYearMinus1YearAmt
Current Tax Year$115,235CurrentTaxYearAmt
Total$994,608TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$551,197SubstantialContributorsTotAmt
Public Support Total170$443,411PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$2,068CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,245CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,700CurrentTaxYearMinus1YearAmt
Current Tax Year$2,176CurrentTaxYearAmt
Total$10,189TotalAmt
FieldValueIRS element (for citing)
Total Support$1,004,797TotalSupportAmt
Gross Receipts Rltd Activities$250,729GrossReceiptsRltdActivitiesAmt
Public Support CY1700.44130PublicSupportCY170Pct
Public Support PY1700.36980PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: BADGE REIMBURSEMENTS. AMOUNT: 1,700. DESCRIPTION: MISCELLANEOUS INCOME . AMOUNT: 476. TOTAL TO FORM 990-EZ, LINE 8: 2,176.
FORM 990-EZ, PART I, LINE 14DESCRIPTION: DEPRECIATION. AMOUNT: 3,333. DESCRIPTION: OTHER EXPENSES. AMOUNT: 18,300. TOTAL TO FORM 990-EZ, LINE 14: 21,633.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING EXPENSE. AMOUNT: 6,430. DESCRIPTION: BANK CHARGES. AMOUNT: 1,425. DESCRIPTION: ARTIST FEES. AMOUNT: 57,750. DESCRIPTION: PRODUCTION EXPENSES. AMOUNT: 62,984. DESCRIPTION: MISCELLANEOUS. AMOUNT: 2,767. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,628. DESCRIPTION: TRAVEL. AMOUNT: 4,251. DESCRIPTION: CONFERENCES, CONVENTIONS, AND MEETINGS. AMOUNT: 4,945. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 6,350. DESCRIPTION: PERSONNEL EXPENSES. AMOUNT: 5,895. TOTAL TO FORM 990-EZ, LINE 16: 155,425.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: PLEDGES AND GRANTS RECEIVABLE. BEG. OF YEAR AMOUNT: 175,000. END OF YEAR AMOUNT: 27,297. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 6,667.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 12,652. END OF YEAR AMOUNT: 9,179.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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