2016-05-16T11:07:43-05:00 2015-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-07-01 273612523 GLOBALFEST INC GLOB 2125398540 C/O CFSI 601 WEST 26TH ST NO 325 NEW YORK NY 10001 SHANNON THAKE TREASURER 2125398540 2016-05-13 1 MARTIN BERKOWITZ P00154047 2126972299 2014 2016-08-17 19:52:53Z SHANNON THAKE 601 WEST 26TH STREET NEW YORK NY 10001 580239 0 X WWW.GLOBALFEST.ORG X 2003 NY 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. 3 3 0 3 0 0 92070 523840 38608 53154 0 0 2068 3245 132746 580239 0 0 0 0 0 0 0 13000 15350 175555 173403 175555 186403 -42809 393836 69042 471951 7959 17032 61083 454919 X GLOBALFEST 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. 1 0 96160 46399 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 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. 25500 0 GLOBALFEST TOURING FUNDTHIS YEAR, WE FUNDED ARTISTS TOURING TO NEW MARKETS ACROSS THE COUNTRY, FURTHERING OUR MISSION OF CREATING CULTURAL DIALOGUE THROUGH THE ARTS. 8871 10000 GLOBALFEST 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. 4441 ARTIST SERVICES, CREOLE CARNIVAL TOUR, GLOBALFEST HANGOUT SERIES, GLOBALFEST ON THE ROAD AND LINCOLN CENTER. 4441 134972 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 1 0 NY X ISABEL SOFFER 9172926812 260 WEST 26TH STREET 325 MAILBOX NEW YORK NY 10001 X ISABEL SOFFER PRESIDENT 15.00 X X 0 0 0 SHANTA THAKE TREASURER 15.00 X X 0 0 0 WILLIAM M BRAGIN SECRETARY 15.00 X X 0 0 0 0 0 0 0 0 0 0 0 32788 491052 523840 TICKET SALES 711130 43154 43154 SERVICE FEES 900099 10000 10000 53154 BADGE REIMBURSEMENTS 900099 3245 3245 3245 580239 56399 0 0 X 120 120 3827 3827 13000 13000 30077 5039 22749 2289 12690 9277 3413 3899 2183 1716 351 280 10 61 14277 12500 1777 2431 2348 83 6505 6505 2386 2386 ARTIST FEES 51600 51600 PRODUCTION EXPENSES 41839 41839 MISCELLANEOUS 3401 3401 186403 134972 36081 15350 16486 135641 45000 326310 7556 10000 69042 471951 7959 17032 7959 17032 X 61083 103925 350994 61083 454919 69042 471951 393836 0 X 1 X 0 1 0 X 24018 76158 165241 92070 523840 881327 24018 76158 165241 92070 523840 881327 599973 281354 2300 1872 2068 3245 9485 890812 221965 0.31580 X IN 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 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. 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.