Nonprofit · EIN 27-3612523
GLOBALFEST INC
Tax-exempt · BROOKLYN, NY 11215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $514,301 | $199,965 | $314,336 | $353,518 | $9,002 | $344,516 |
| June 30, 2024 | 990 | $156,974 | $233,265 | -$76,291 | $31,692 | $1,512 | $30,180 |
| June 30, 2023 | 990 | $111,384 | $185,907 | -$74,523 | $107,983 | $1,512 | $106,471 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $424,525
- of which government grants
- $50,000
- Program service revenue
- $88,276
- Investment income
- $0
- Other revenue
- $1,500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $32,526
- Salaries, compensation and benefits (total)
- $32,526
- Professional fundraising fees
- $0
- Legal fees
- $8,220
- Accounting fees
- $7,600
- Depreciation
- $1,103
- Program services (functional)
- $153,795
- Management and general (functional)
- $40,626
- Fundraising (functional)
- $5,544
Balance sheet and other
- Total assets, start of year
- $31,692
- Total assets, end of year
- $353,518
- Total liabilities, end of year
- $9,002
- Net assets, end of year
- $344,516
- Net assets without donor restrictions
- $44,516
- Net assets with donor restrictions
- $300,000
- Gross receipts
- $514,301
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2010
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISABEL SOFFER | PRESIDENT Trustee or director, Officer | 15 | $17,280 |
| IAN THAKE | ADMIN MANAGER Officer | 9 | $11,325 |
| SHANNON THAKE | TREASURER Trustee or director, Officer | 10 | $0 |
| BILL BRAGIN | SECRETARY Trustee or director, Officer | 15 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISABEL SOFFER | PRESIDENT Trustee or director, Officer | 15 | $26,120 |
| IAN THAKE | ADMIN MANAGER Officer | 9 | $22,624 |
| SHANNON THAKE | TREASURER Trustee or director, Officer | 10 | $0 |
| BILL BRAGIN | SECRETARY Trustee or director, Officer | 15 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISABEL SOFFER | PRESIDENT Trustee or director, Officer | 15 | $13,440 |
| SHANNON THAKE | TREASURER Trustee or director, Officer | 10 | $0 |
| BILL BRAGIN | SECRETARY Trustee or director, Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 179 PROSPECT PARK W APT 4L, BROOKLYN, NY 11215-5221
- In care of
- % BILL BRAGIN
- Principal officer (990 for 2024)
- SHANNON THAKE, SAME AS C ABOVE, NEW YORK, NY 10003
- Signed the 990
- ISABEL SOFFER, PRESIDENT
- Phone
- (212) 539-8540
- Website
- WWW.GLOBALFEST.ORG
- Return prepared by
- RICH AND BANDER LLP
Mission
TO ADVANCE AND PROMOTE INTERNATIONAL PERFORMING ARTS TRADITIONS THROUGHOUT THE NORTH AMERICAN PRESENTING FIELD THROUGH ACTIVITIES INCLUDING FESTIVALS, SHOWCASES AND CONCERTS, ETC.
Program accomplishments
- Globalfest Flagship Festival - takes place every January and is North Americas most important world music industry event. It sells out in advance consistently each year, attracting over 1,500 music industry professionals, members of the press and music fans. Tours and cultural exchanges that result from Globalfest showcases have helped to build an ever-widening audience for global music and by extension, an increase in international cooperation and collaboration.Expenses $153,795 · revenue $88,276
- Wavelengths Conference is normally held during the APAP conference in New York each January and serves as space for critical dialogues between artists and arts professionals. It is considered an accessible resource for career development, networking, and leadership opportunities for the next generations of NYC arts professionals with an emphasis on younger BIPOC colleagues.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3612523
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $353,518
- Income (IRS master file)
- $514,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $514,301 | $199,965 | $353,518 | IRS |
| 990 | June 2024 | $156,974 | $233,265 | $31,692 | IRS |
| 990 | June 2023 | $111,384 | $185,907 | $107,983 | XML |
| 990 | June 2022 | $81,109 | $125,435 | $182,506 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3612523).
Questions about GLOBALFEST INC
- What is the EIN of GLOBALFEST INC?
- The employer identification number (EIN) of GLOBALFEST INC is 27-3612523.
- Is GLOBALFEST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to GLOBALFEST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBALFEST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOBALFEST INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOBALFEST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GLOBALFEST INC?
- The 990 for the year ended June 30, 2025 names SHANNON THAKE.
- Who are the officers and directors of GLOBALFEST INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 2 received compensation from the organization, the highest $17,280 (ISABEL SOFFER, PRESIDENT).
- How much revenue does GLOBALFEST INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $514,301, expenses of $199,965 and total assets of $353,518 at year end.
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