Globalfest INC
Promotes international performing arts through festivals, showcases, and concerts. For fiscal year 2024 it reported $514K in revenue, $200K in expenses, and $345K in net assets.Pt I
- Founded
- 2010
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Brooklyn, NY
- Website
- www.globalfest.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Isabel Soffer’s $17K as President is at the 9th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 |
|---|---|---|---|
| Isabel Soffer | $17,280 | $26,120 | $13,440 |
| Ian Thake | $11,325 | $22,624 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
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.
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…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 77% | — | — |
| Overhead ratio | 20% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 228% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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