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Globalfest Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273612523 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Globalfest Inc?

Globalfest Inc, based in Brooklyn, New York, is a nonprofit organization that significantly contributes to the promotion of international performing arts traditions. Its primary activity is organizing the annual Globalfest Flagship Festival, a highly anticipated event that attracts over 1,500 music industry professionals, members of the press, and music enthusiasts. This event sells out in advance annually, fostering international cooperation and collaboration through tours and cultural exchanges. Beyond the festival, Globalfest Inc engages in various activities such as showcases and concerts, aiming to further promote these artistic traditions throughout the North American presenting field.


Official website here: www.globalfest.org

What do the Facebook reviews say about Globalfest Inc?

100% of reviewers on Facebook recommend Globalfest Inc. Here is a summary of their reviews:

All five users praised the organization, noting that it hosts what they believe to be “the greatest concert of the planet.” This enthusiastic endorsement indicates a high level of satisfaction with the events Globalfest Inc. produces.

Overall, the sentiment is overwhelmingly positive, showcasing a strong appreciation for the quality and impact of their concerts. The organization is recognized for delivering exceptional experiences to its audience.


This AI summary has been generated from reviews found on Facebook.

Is Globalfest Inc legitimate?

Globalfest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Globalfest Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.globalfest.org

What is the mission statement of Globalfest Inc?

Globalfest Inc's mission is centered around promoting and advancing international performing arts traditions within the North American presenting field. They achieve this through various activities such as organizing festivals, showcases, and concerts. The flagship Globalfest Festival, held annually in January, is a significant event in the world music industry, attracting a large number of music professionals, press members, and fans. The activities and events organized by Globalfest have led to increased cooperation and collaboration among international artists and organizations.


Official website here: www.globalfest.org

Who is the CEO of Globalfest Inc?

Shannon Thake is the President of Globalfest Inc.


Official website here: www.globalfest.org

What is the revenue of Globalfest Inc?

Globalfest Inc's revenue in 2022 was $81,109.


Official website here: www.globalfest.org

Who are the executives of Globalfest Inc and what are their salaries?

There 8 volunteers at Globalfest Inc.


Here are 3 key members and their salaries:


Isabel Soffer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Thake (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Bragin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.globalfest.org

Where can I find the form 990 for Globalfest Inc?

Globalfest Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.globalfest.org

Learn more at the official website: www.globalfest.org

Mission Statement of Globalfest Inc

Globalfest Inc, a renowned organization, is committed to advancing and promoting international performing arts traditions throughout the North American presenting field. They accomplish this mission through various activities such as festivals, showcases, and concerts. The primary event under their umbrella is the Globalfest Flagship Festival, which takes place annually in January. This event is highly anticipated and consistently sells out, attracting over 1,500 music industry professionals, members of the press, and music enthusiasts. The tours and cultural exchanges that stem from these showcases have played a significant role in expanding the audience for global music. This, in turn, has fostered international cooperation and collaboration. By promoting and showcasing diverse international performing arts traditions, Globalfest Inc contributes to a more culturally rich and interconnected North American presenting field.

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Impact




October, 2024

Globalfest Inc significantly advances and promotes international performing arts traditions across North America. Its flagship festival, held annually in January, stands as a pivotal event in the world music industry, consistently selling out and drawing over 1,500 music industry professionals, press members, and music enthusiasts. This event fosters a vibrant atmosphere that not only celebrates diverse musical traditions but also serves as a crucial networking platform for artists and industry stakeholders.

The impact of Globalfest extends beyond the festival itself. The showcases and tours organized through its initiatives help to cultivate a broader audience for global music, facilitating cultural exchanges that enhance international understanding and collaboration. By spotlighting a wide array of performing arts traditions, Globalfest strengthens cultural ties and enriches the North American arts landscape, ultimately contributing to a richer, more interconnected world.




This information is meant to be a general summary of Globalfest Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$81,109 (2022)
Expenses
$125,435 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,842
  • Gross Receipts: $81,109

Assets and Liabilities:

  • Total Assets: $182,506
  • Total Liabilities: $1,512
  • Net Assets: $180,994

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TICKET SALES

Revenue

$1,842

Organization Details

Founding Year

2010

Principal Officer

Shannon Thake

Main Address

179 PROSPECT PARK WEST 4L, BROOKLYN, NY, 11215

NTEE Category

Code: P20 - Human services

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