Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
3 people listed on the 990.
Isabel Soffer’s $17K as President is at the 9th percentile of top reported officer pay among 2167 $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 | FY2025 | 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes international performing arts through festivals, showcases, and concerts.
Questions for Globalfest INC
Your first name shows with your question. Globalfest INC answers here, for everyone.
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Globalfest Flagship Festival
takes place every January and is North America's 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.
Other programs that 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.
Touring Fund
In recognition that world music tours are often inhibited by high start-up costs in the US, the gFTF awards grants in the range of $1,000 - $4,000 to offset budget shortfalls for upcoming tours that bring Globalfest artists to at least one new market(city).
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $257K | $319K |
| Total assetsLn 16 | $282K | $322K |
| LiabilitiesLn 26 | $13K | $3K |
| Net assetsLn 32 | $269K | $319K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $4K | $0 | $4K | $0 |
| Legal feesLn 11b | $325 | $0 | $325 | $0 |
| Accounting feesLn 11c | $2K | $0 | $2K | $0 |
| Other fees for servicesLn 11g | $72K | $44K | $24K | $3K |
| Advertising and promotionLn 12 | $8K | $6K | $2K | $0 |
| Office expensesLn 13 | $8K | $0 | $3K | $4K |
| OccupancyLn 16 | $22K | $22K | $0 | $0 |
| TravelLn 17 | $3K | $2K | $714 | $0 |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $75 | $0 |
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | $0 | $0 |
| InsuranceLn 23 | $373 | $373 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $68K | $66K | $2K | $0 |
| Total functional expensesLn 25 | $190K | $144K | $38K | $7K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $514K | $200K | $314K | $345K | 990 PDF |
| FY2024 | $157K | $233K | −$76K | $30K | 990 PDF |
| FY2023 | $111K | $186K | −$75K | $106K | 990 PDF |
| FY2022 | $81K | $125K | −$44K | $181K | 990 PDF |
| FY2021 | $100K | $194K | −$94K | $225K | 990 PDF |
| FY2020 Viewing | $240K | $190K | $50K | $319K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $240,036 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 3 to look at
Part VIII · Statement of revenue $240,036 across 6 lines filed
Part IX · Statement of functional expenses $189,853 across 12 lines filed
Part X · Balance sheet $321,911 assets, 9 lines filed
Part XI · Reconciliation of net assets $318,899 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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