BETA

GLOBALFEST INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GLOBALFEST INC (EIN 27-3612523)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-16
IRS object ID
201641379349303569
Schema version
2014v6.0
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)
Return2016-05-16T11:07:43-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Line1300 EAST 42ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

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 ST NO 325AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHANNON THAKEPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2125398540PhoneNum
Signature2016-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN BERKOWITZPreparerPersonNm
PTINP00154047PTIN
Phone2126972299PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSHANNON THAKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1601 WEST 26TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$580,239GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GLOBALFEST.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S EXEMPT PURPOSE IS TO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT NORTH AMERICA THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$92,070PYContributionsGrantsAmt
CY Contributions Grants$523,840CYContributionsGrantsAmt
PY Program Service Revenue$38,608PYProgramServiceRevenueAmt
CY Program Service Revenue$53,154CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$2,068PYOtherRevenueAmt
CY Other Revenue$3,245CYOtherRevenueAmt
PY Total Revenue$132,746PYTotalRevenueAmt
CY Total Revenue$580,239CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$13,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$15,350CYTotalFundraisingExpenseAmt
PY Other Expenses$175,555PYOtherExpensesAmt
CY Other Expenses$173,403CYOtherExpensesAmt
PY Total Expenses$175,555PYTotalExpensesAmt
CY Total Expenses$186,403CYTotalExpensesAmt
PY Revenues Less Expenses-$42,809PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$393,836CYRevenuesLessExpensesAmt
Total Assets BOY$69,042TotalAssetsBOYAmt
Total Assets EOY$471,951TotalAssetsEOYAmt
Total Liabilities BOY$7,959TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,032TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$61,083NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$454,919NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionGLOBALFEST 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.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$96,160ExpenseAmt
Revenue$46,399RevenueAmt
DescGLOBALFEST 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$25,500ExpenseAmt
Revenue$0RevenueAmt
DescGLOBALFEST TOURING FUNDTHIS YEAR, WE FUNDED ARTISTS TOURING TO NEW MARKETS ACROSS THE COUNTRY, FURTHERING OUR MISSION OF CREATING CULTURAL DIALOGUE THROUGH THE ARTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$8,871ExpenseAmt
Revenue$10,000RevenueAmt
DescGLOBALFEST 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$4,441ExpenseAmt
DescARTIST SERVICES, CREOLE CARNIVAL TOUR, GLOBALFEST HANGOUT SERIES, GLOBALFEST ON THE ROAD AND LINCOLN CENTER.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$4,441TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$134,972TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonISABEL SOFFERPersonNm
Phone9172926812PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1260 WEST 26TH STREET 325 MAILBOXAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ISABEL SOFFER
PRESIDENT15.00Yes (X)Yes (X)$0$0$0
SHANTA THAKE
TREASURER15.00Yes (X)Yes (X)$0$0$0
WILLIAM M BRAGIN
SECRETARY15.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$32,788GovernmentGrantsAmt
All Other Contributions$491,052AllOtherContributionsAmt
Total Contributions$523,840TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TICKET SALES711130$43,154$43,154
SERVICE FEES900099$10,000$10,000
FieldValueIRS element (for citing)
Total Program Service Revenue$53,154TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescBADGE REIMBURSEMENTSDesc
Business900099BusinessCd
Total Revenue Column$3,245TotalRevenueColumnAmt
Related Or Exempt Func Income$3,245RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,245OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$580,239TotalRevenueColumnAmt
Related Or Exempt Func Income$56,399RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$120TotalAmt
Management And General$120ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,827TotalAmt
Management And General$3,827ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$13,000TotalAmt
Fundraising$13,000FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$30,077TotalAmt
Program Services$5,039ProgramServicesAmt
Management And General$22,749ManagementAndGeneralAmt
Fundraising$2,289FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$12,690TotalAmt
Program Services$9,277ProgramServicesAmt
Management And General$3,413ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,899TotalAmt
Program Services$2,183ProgramServicesAmt
Management And General$1,716ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$351TotalAmt
Program Services$280ProgramServicesAmt
Management And General$10ManagementAndGeneralAmt
Fundraising$61FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,277TotalAmt
Program Services$12,500ProgramServicesAmt
Management And General$1,777ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,431TotalAmt
Program Services$2,348ProgramServicesAmt
Management And General$83ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,505TotalAmt
Program Services$6,505ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,386TotalAmt
Management And General$2,386ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
ARTIST FEES$51,600$51,600
PRODUCTION EXPENSES$41,839$41,839
MISCELLANEOUS$3,401$3,401

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$186,403TotalAmt
Program Services$134,972ProgramServicesAmt
Management And General$36,081ManagementAndGeneralAmt
Fundraising$15,350FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$16,486BOYAmt
EOY$135,641EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$45,000BOYAmt
EOY$326,310EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,556BOYAmt
EOY$10,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$69,042BOYAmt
EOY$471,951EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,959BOYAmt
EOY$17,032EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,959BOYAmt
EOY$17,032EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$61,083BOYAmt
EOY$103,925EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$350,994EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$61,083BOYAmt
EOY$454,919EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$69,042BOYAmt
EOY$471,951EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$393,836ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

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$24,018CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$76,158CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$165,241CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$92,070CurrentTaxYearMinus1YearAmt
Current Tax Year$523,840CurrentTaxYearAmt
Total$881,327TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$24,018CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$76,158CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$165,241CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$92,070CurrentTaxYearMinus1YearAmt
Current Tax Year$523,840CurrentTaxYearAmt
Total$881,327TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$599,973SubstantialContributorsTotAmt
Public Support Total170$281,354PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,300CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,872CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$2,068CurrentTaxYearMinus1YearAmt
Current Tax Year$3,245CurrentTaxYearAmt
Total$9,485TotalAmt
FieldValueIRS element (for citing)
Total Support$890,812TotalSupportAmt
Gross Receipts Rltd Activities$221,965GrossReceiptsRltdActivitiesAmt
Public Support CY1700.31580PublicSupportCY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestIN 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.FactsAndCircumstancesTestTxt

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 (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2WE 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 VI, SECTION A, LINE 8BTHERE ARE NO COMMMITTEES WITH AUTHORITY TO ACT ON BEHALF ON THE GOVERNING BOARD.
FORM 990, PART VI, SECTION B, LINE 11A 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 12CDURING 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 15BWE 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 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GOTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,039. MANAGEMENT AND GENERAL EXPENSES 22,749. FUNDRAISING EXPENSES 2,289. TOTAL EXPENSES 30,077.

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