World Around INC: Nonprofit Profile, Financials & Form 990 (EIN 85-3707451)

Revenue by fiscal year
FY2021	$670K
FY2022	$282K
FY2023	$462K
FY2024	$707K

Expenses by fiscal year
FY2021	$347K
FY2022	$430K
FY2023	$653K
FY2024	$792K

Net assets by fiscal year
FY2021	$363K
FY2022	$215K
FY2023	$23K
FY2024	−$61K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

63%

14%

23%

Program services 63% · $502K Management & general 14% · $110K Fundraising 23% · $181K

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; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation

Beatrice Galilee

Executive Director

$120,165Pt VII · Sec A

Adam Flatto

Chair

$0Pt VII · Sec A

John Haskell

Treasurer

$0Pt VII · Sec A

Beatrice Galilee’s $120K as Executive Director is at the 95th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 1 named individual · Part VII

Name	FY2024	FY2023	FY2022	FY2021
Beatrice Galilee	$120,165	$120,000	$121,150	$88,400

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

Shares innovative architecture and design ideas with everyone.

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Provided by the organization

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3 programs · $416K · in their own filed words · FY2024

01

General Programs

The world around's general programs are designed to extend the organization's mission year-round, beyond its flagship events like the summit and in focus series. These programs include the maintenance of a comprehensive newsletter that keeps a global audience engaged with the latest in architecture, design, and environmental discourse…

$173Kprogram expense

02

In Focus

The in focus series represents the world around's traveling programs, designed to bring targeted and thematic discussions to new audiences across the globe. In 2023, we organized an impactful in focus event in milan centered on the theme of "radical repair," exploring innovative approaches to sustainable design and environmental…

$130Kprogram expense

03

Summit

The world around summit is our flagship annual event, dedicated to sharing the most visionary and impactful ideas in contemporary architecture and design. This program brings together a distinguished lineup of international speakers-from leading architects and designers to emerging talents and winners of our young climate prize-to…

$113Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

The Curry Stone FoundationFY2025$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$707K

Ln 12

Gifts and grantsLn 1h$308K

Fees for servicesLn 2g$224K

Other incomeLn 4–11$176K

Money outPt IX

$792K

Ln 25

Programscol B$502K

Managementcol C$110K

Fundraisingcol D$181K

Owns and owesPt X

−$61K

net assets · Ln 32

Cash and savingsLn 1–2$38K

Total assetsLn 16$38K

LiabilitiesLn 26$100K

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$308K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$224K

Other incomeLn 4–11$176K

Gains on assetsLn 7$0

Total revenueLn 12$707K

Assets in detailPt X, end of year

CashLn 1$38K

Cash and savings togetherLn 1–2$38K

Land, buildings, equipmentLn 10c$761

Total assetsLn 16$38K

LiabilitiesLn 26$100K

Net assetsLn 32−$61K

OperationsPt I, VI

EmployeesI 51

VolunteersI 62

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$59K	$38K
Land, buildings, equipmentLn 10c	$1K	$761
Total assetsLn 16	$60K	$38K
LiabilitiesLn 26	$37K	$100K
Net assetsLn 32	$23K	−$61K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$120K	$60K	$30K	$30K
Payroll taxesLn 10	$10K	$5K	$2K	$2K
Legal feesLn 11b	$4K	$4K	$234
Accounting feesLn 11c	$32K		$32K
Other fees for servicesLn 11g	$363K	$255K	$6K	$101K
Advertising and promotionLn 12	$12K	$12K	$195
Office expensesLn 13	$13K	$4K	$7K	$2K
Information technologyLn 14	$8K	$7K	$348
TravelLn 17	$123K	$104K	$480	$18K
Depreciation, depletion and amortizationLn 22	$517		$517
InsuranceLn 23	$22K		$22K	$65
Other expenses (24a–d)Ln 24	$85K	$50K	$9K	$27K
Total functional expensesLn 25	$792K	$502K	$110K	$181K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$707K	$792K	−$85K	−$61K	990 PDF
FY2023	$462K	$653K	−$192K	$23K	990 PDF
FY2022	$282K	$430K	−$148K	$215K	990 PDF
FY2021	$670K	$347K	$323K	$363K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $707,493 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $151,553$307,809

I-9 Program service revenuePrior year $184,089$223,791

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $126,018$175,893

I-12 Total revenuePrior year $461,660$707,493

I-13 Grants and similar amounts paidPrior year $7,500$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $129,538$129,652

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $516,260$662,658

I-18 Total expensesPrior year $653,298$792,310

I-19 Revenue less expensesPrior year −$191,638−$84,817

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $707,493 across 12 lines filed

Lines not itemized here account for $2,505 of total revenue; see the IRS return.

VIII-1a Federated campaigns$0

VIII-1b Membership dues$113,725

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$194,084

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$307,809

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,791 · Unrelated business $0 · Excluded from tax $0$223,791

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $173,388$173,388

VIII-12 Total revenueRelated to mission $226,296 · Unrelated business $0 · Excluded from tax $173,388$707,493

Part IX · Statement of functional expenses $792,310 across 12 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $60,000 · Management $30,000 · Fundraising $30,000$120,000

IX-10 Payroll taxesPrograms $4,826 · Management $2,413 · Fundraising $2,413$9,652

IX-11b Legal feesPrograms $3,822 · Management $234$4,056

IX-11c Accounting feesManagement $31,667$31,667

IX-11g Other fees for servicesPrograms $254,868 · Management $6,412 · Fundraising $101,287$362,567

IX-12 Advertising and promotionPrograms $12,028 · Management $195$12,223

IX-13 Office expensesPrograms $4,486 · Management $6,907 · Fundraising $1,999$13,392

IX-14 Information technologyPrograms $7,318 · Management $348$7,666

IX-17 TravelPrograms $104,482 · Management $480 · Fundraising $18,221$123,183

IX-22 Depreciation, depletion and amortizationManagement $517$517

IX-23 InsuranceManagement $21,957 · Fundraising $65$22,022

IX-24 Other expenses (24a–d)Programs $49,890 · Management $8,563 · Fundraising $26,912$85,365

IX-25 Total functional expensesPrograms $501,720 · Management $109,693 · Fundraising $180,897$792,310

Part X · Balance sheet $38,422 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $58,661$37,661

X-10c Land, buildings and equipment, netStart of year $1,278$761

X-16 Total assetsStart of year $59,939$38,422

X-17 Accounts payable and accrued expensesStart of year $36,606$99,906

X-26 Total liabilitiesStart of year $36,606$99,906

X-27 Net assets without donor restrictionsStart of year $23,333−$61,484

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $23,333−$61,484

X-33 Total liabilities and net assetsStart of year $59,939$38,422

Part XI · Reconciliation of net assets −$61,484 net assets at year end

XI-1 Total revenue$707,493

XI-2 Total expenses$792,310

XI-3 Revenue less expenses−$84,817

XI-4 Net assets at start of year$23,333

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$61,484

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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