2015-05-14T10:05:34-07:00 2014-06-30 William Tam CPA 132 Nassau Street Suite 515 New York NY 10038 990 2013-07-01 133323045 WORLD MUSIC INSTITUTE INC WORL 2125457536 101 LAFAYETTE ST 8/FL NEW YORK NY 10013 CYNTHIA MCVAY ACTING EXECUTIVE DIRECTOR 2125457536 2015-05-12 true WILLIAM TAM 2122271160 2015-05-14 X 2013 2016-02-25 16:41:14Z CYNTHIA MCVAY 101 LAFAYETTE ST NEW YORK NY 10013 731433 false X www.worldmusicinstitute.org X 1985 NY WORLD MUSIC INSTITUTE INSPIRES WONDER FOR WORLD CULTURES THROUGH MUSIC AND DANCE. THROUGH POWERFUL PROGRAMMING, WMI IS CREATING A MOVEMENT THAT PROMOTES AWARENESS AND ENGAGEMENT OF OTHER CULTURES, HELPING TO FOSTER DEEPER UNDERSTANDING OF COMMUNITIES AROUND THE GLOBE. 6 6 11 3 0 520551 509395 530939 222038 5 0 0 1051495 731433 0 0 461576 233136 0 86427 746244 562535 1207820 795671 -156325 -64238 130088 111397 70310 115857 59778 -4460 WORLD MUSIC INSTITUTE INSPIRES WONDER FOR WORLD CULTURES THROUGH MUSIC false false 550644 222038 THE COMPANY PRESENTS A FULL SEASON OF CONCERTS EACH YEAR IN NEW YORK CITY. IT WORKS EXTENSIVELY WITH COMMUNITY GROUPS AND ORGANIZATIONS INCLUDING, INDIAN, CHINESE, KOREAN, MIDDLE EASTERN, LATIN AMERICAN, HUNGARIAN, IRISH AND CENTRAL ASIAN. 550644 true true false false false false false false false false true false false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 23 0 true 11 true false false false false false true true false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false NY X MICHAEL GRIFFIN 2125457536 101 LAFAYETTE ST SUITE 801 NEW YORK NY 10013 PAUL PALMER CHAIRMAN 1.50 X X 0 0 0 ZETTE EMMONS SECRETARY 1.50 X X 0 0 0 ANDREW FAULKNER DIRECTOR 1.50 X 0 0 0 DAISY PARADIS DIRECTOR 1.50 X 0 0 0 SANDHYA MALHOTRA DIRECTOR 1.50 X 0 0 0 CYNTHIA MCVAY DIRECTOR 1.50 X 0 0 0 KAREN SANDER EXECUTIVE DIRECTOR 40.00 X 88131 0 16936 88131 16936 false false false 14112 148265 347018 509395 CONCERTS 711130 222038 222038 731433 222038 95000 57000 28500 9500 88215 85620 2595 0 36470 28389 6190 1891 13451 10471 2283 697 7500 0 7500 0 136604 36779 30800 69025 29926 29926 0 0 7139 0 7139 0 42000 0 42000 0 43856 40095 3761 0 3400 3400 0 0 14783 8842 5941 0 ARTISTS' FEES 57591 57591 0 0 PRINTING 39359 39359 0 0 THEATRE RENTAL 57659 57659 0 0 CO-PRODUCTION EXPENSES 30741 30741 0 0 91977 64772 21891 5314 795671 550644 158600 86427 52113 7108 53170 88970 5065 4907 9340 3412 160509 160509 3400 7000 7000 130088 111397 20734 66690 49576 49167 70310 115857 X 59778 -9250 4790 59778 -4460 130088 111397 -64238 X false true X true false X 636247 606583 666547 520551 509395 2939323 636247 606583 666547 520551 509395 2939323 498913 2440410 1574 143 5 1722 2941045 0.82980 0.84160 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160509 160509 SECURITY DEPOSIT 7000 7000 X 735585 4152 4152 731433 731433 799823 4152 4152 795671 795671 Pt X Line 2 FIN 48 FINANCIAL STATEMENT FOOTNOTE: Pt X Line 2 WORLD MUSIC INSTITUTE, INC. (THE ORGANIZATION)IS EXEMPT FROM FEDERAL TAXES UNDER SECTION 501(C)(3) OF THE U.S.INTERNAL REVENUE CODE AND FROM STATE AND LOCAL TAXES UNDER COMPARABLE LAWS. THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED Pt X Line 2 ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION'S TAX RETURN FOR THE FISCAL YEAR 2011 AND FORWARD ARE SUBJECT TO THE USUAL REVIEW BY THE APPROPRIATE TAXING AUTHORITIES. Pt VI, Line 11b FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO Pt VI, Line 11b THE BOARD FOR FINAL REVIEW AND APPROVAL BEFORE BEING FILED. Pt VI, Line 19 FINANCIAL REPORTS AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE Pt VI, Line 19 UPON REQUEST. Pt VI, Line 12c ALL OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS Pt VI, Line 12c THAT COULD GIVE RISE TO CONFLICTS OF INTERESTS. ALL DISCLOSURES Pt VI, Line 12c OF INTERESTS ARE COMPILED AND REPORTED BY MANAGEMENT TO THE Pt VI, Line 12c FINANCE COMMITTEE. THE FINANCE COMMITTEE SHALL DETERMINE IF THE Pt VI, Line 12c RESPONSES TO QUESTIONNAIRES ARE APPROPRIATE. Pt VI, Line 15a THE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR Pt VI, Line 15a BASED UPON INDEPENDENT STUDIES AND COMPARISON Pt VI, Line 15a WITH INDUSTRY PEERS. Pt VI, Line 15b THE BOARD DETERMINES THE SALARY OF OTHER KEY EMPLOYEES Pt VI, Line 15b BASED UPON INDEPENDENT STUDIES AND COMPARISON WITH Pt VI, Line 15b INDUSTRY PEERS. Form 990, Part IX, Line 24f PRODUCTION COSTS 18312. 18312. POSTAGE 1801. 1355. 446. RECORDS AND TAPES 100. 100. SUPPLIES 4867. 1507. 3360. TELEHPONE 4379. 1273. 3106. DUES AND SUBSCRIPTIONS 819. 704. 103. 12. EQUIPMENT RENTAL & MAINTENANCE 10634. 10634. CREDIT CARD FEES 20593. 18437. 2156. MISCELLANEOUS 2086. 2086. FUNDRAISING EXPENSES 5302. 5302. BAD DEBT EXPENSES 106. 106. FISCAL SPONSORSHIP EXPENSES 22978. 22978.