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Globalfest Inc

  • Brooklyn, NY
  • Tax-exempt since May 2012
  • EIN: 27-3612523

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Human Service Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$157k (2024)

Expenses
$233k (2024)

Total Assets
$31.7k (2024)

Total Liabilities
$1.51k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,974
Expenses
$233,265
Net Income
-$76,291
Net Assets
$30,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $115,474
73.6%
Program Services $41,500
26.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,692
Total Liabilities $1,512
Net Assets $30,180
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $26,120 $0 $0
Ian Thake (Admin Manager) $22,624 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0
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Document Links

990
Filed on May 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$111,384
Expenses
$185,907
Net Income
-$74,523
Net Assets
$106,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $82,537
74.1%
Program Services $28,847
25.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $107,983
Total Liabilities $1,512
Net Assets $106,471
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $13,440 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on May 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,109
Expenses
$125,435
Net Income
-$44,326
Net Assets
$180,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,267
94.0%
Program Services $1,842
2.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,000
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $182,506
Total Liabilities $1,512
Net Assets $180,994
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on March 2, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,141
Expenses
$193,720
Net Income
-$93,579
Net Assets
$225,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,327
94.2%
Program Services $5,814
5.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $59,045
30.5%
Assets/Debt
Total Assets $228,332
Total Liabilities $3,012
Net Assets $225,320
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on Feb. 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,036
Expenses
$189,853
Net Income
$50,183
Net Assets
$318,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $205,046
85.4%
Program Services $34,400
14.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $590
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,500
2.4%
Assets/Debt
Total Assets $321,911
Total Liabilities $3,012
Net Assets $318,899
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on April 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,412
Expenses
$208,772
Net Income
-$94,360
Net Assets
$268,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,059
65.6%
Program Services $36,819
32.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,534
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $281,926
Total Liabilities $13,210
Net Assets $268,716
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on June 30, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$360,670
Expenses
$241,949
Net Income
$118,721
Net Assets
$363,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $289,775
80.3%
Program Services $65,891
18.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,004
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $18,333
7.6%
Assets/Debt
Total Assets $368,586
Total Liabilities $5,510
Net Assets $363,076
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shannon Thake (Treasurer) $0 $0 $0
Bill Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on March 1, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$160,320
Expenses
$275,953
Net Income
-$115,633
Net Assets
$244,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $115,235
71.9%
Program Services $42,909
26.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,176
1.4%
Assets/Debt
Total Assets $253,534
Total Liabilities $9,179
Net Assets $244,355
Compensation
Key Employees and Officers Compensation Other
Isabel Soffer (President) $0 $0
Shannon Thake (Treasurer) $0 $0
William M Bragin (Secretary) $0 $0

Document Links

990-EZ
Filed on Jan. 23, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$172,225
Expenses
$267,156
Net Income
-$94,931
Net Assets
$359,988
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,222
57.0%
Program Services $71,303
41.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,700
1.6%
Assets/Debt
Total Assets $372,640
Total Liabilities $12,652
Net Assets $359,988
Compensation
Key Employees and Officers Compensation Other
Isabel Soffer (President) $0 $0
Shannon Thake (Treasurer) $0 $0
William M Bragin (Secretary) $0 $0

Document Links

990-EZ
Filed on May 11, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$580,239
Expenses
$186,403
Net Income
$393,836
Net Assets
$454,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $523,840
90.3%
Program Services $53,154
9.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,245
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $13,000
7.0%
Other Salaries and Wages $0
Assets/Debt
Total Assets $471,951
Total Liabilities $17,032
Net Assets $454,919
Compensation
Key Employees and Officers Compensation Related Other
Isabel Soffer (President) $0 $0 $0
Shanta Thake (Treasurer) $0 $0 $0
William M Bragin (Secretary) $0 $0 $0

Document Links

990
Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$132,746
Expenses
$175,555
Net Income
-$42,809
Net Assets
$61,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $92,070
69.4%
Program Services $38,608
29.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,068
1.6%
Assets/Debt
Total Assets $69,042
Total Liabilities $7,959
Net Assets $61,083
Compensation
Key Employees and Officers Compensation Other
Isabel Soffer (President) $0 $0
Shannon Thake (Treasurer) $0 $0
William M Bragin (Secretary) $0 $0

Document Links

990-EZ
Filed on May 14, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,996
Expenses
$157,214
Net Income
$52,782
Net Assets
$103,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,241
78.7%
Program Services $44,755
21.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $6,000
3.8%
Other Salaries and Wages $0
Assets/Debt
Total Assets $104,012
Total Liabilities $120
Net Assets $103,892

Document Links

990
Filed on July 9, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$120,075
Expenses
$87,127
Net Income
$32,948
Net Assets
$51,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,158
63.4%
Program Services $42,045
35.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,872
1.6%
Assets/Debt
Total Assets $51,164
Total Liabilities $54
Net Assets $51,110

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$69,721
Expenses
$51,559
Net Income
$18,162
Net Assets
$18,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,018
34.4%
Program Services $43,403
62.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,300
3.3%
Assets/Debt
Total Assets $18,162
Total Liabilities $0
Net Assets $18,162

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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