World Music Institute Inc
- Assets
- $372.5k
- Revenue
- $507.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 13-3323045
Organization Overview
World Music Institute Inc is located in Brooklyn, NY. The organization was established in 1987. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, World Music Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Music Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, World Music Institute Inc generated $507.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $486.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORLD MUSIC INSTITUTE INSPIRES WONDER FOR WORLD CULTURES THROUGH MUSIC AND DANCE. THROUGH POWERFUL PROGRAMMING,WMI IS CREATING A MOVEMENT THAT PROMOTES AWARENESS OF AND ENGAGEMENT WITH OTHER CULTURES, HELPING TO FOSTER DEEPER UNDERSTANDING OF COMMUNITIES AROUND THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PRESENTS A FULL SEASON OF CONCERTS EACH YEAR IN NEW YORK CITY. IT WORKS EXTENSIVELY WITH COMMUNITY GROUPS AND ORGANIZATIONS INCLUDING, INDIAN, CHINESE, KOREAN, MIDDLE EASTERN, LATIN AMERICAN, HUNGARIAN, IRISH AND CENTRAL ASIAN.
THE COMPANY PRESENTS CONCERTS AND AT HOME INTERVIEWS WITH INTERNATIONAL MUSICIANS, WHICH DURING THE COVID-19 PANDEMIC WERE PRIMARILY IN THE FORM OF VIRTUAL EVENTS. IT WORKS EXTENSIVELY WITH COMMUNITY GROUPS AND ORGANIZATIONS INCLUDING, INDIAN, CHINESE, KOREAN, MIDDLE EASTERN, LATIN AMERICAN, HUNGARIAN, IRISH AND CENTRAL ASIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriele Sappington Executive Director | Officer | 40 | $110,000 |
Kate Winn Director/interim Marketing Director | OfficerTrustee | 40 | $68,542 |
Andrew Faulkner Director/co-Chair | OfficerTrustee | 1.5 | $0 |
Daisy Paradis Director/co-Chair | OfficerTrustee | 1.5 | $0 |
Zette Emmons Director/secretary | OfficerTrustee | 1.5 | $0 |
Moez Doraid Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,150 |
| Fundraising events | $5,699 |
| Related organizations | $0 |
| Government grants | $202,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,020 |
| Total Program Service Revenue | $23,302 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,218 |
| Payroll taxes | $18,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,506 |
| Office expenses | $4,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,432 |
| Travel | $3,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116 |
| Insurance | $12,931 |
| All other expenses | $18,224 |
| Total functional expenses | $486,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,260 |
| Accounts receivable, net | $3,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,616 |
| Prepaid expenses and deferred charges | $4,000 |
| Net Land, buildings, and equipment | $954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,057 |
| Total assets | $372,512 |
| Accounts payable and accrued expenses | $23,035 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $55,132 |
| Other liabilities | $0 |
| Total liabilities | $80,667 |
| Net assets without donor restrictions | $281,845 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $372,512 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that World Music Institute Inc has recieved totaling $169,445.
| Awarding Organization | Amount |
|---|---|
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $70,000 |
Howard Bayne Fund Garden City, NY PURPOSE: GENERAL SUPPORT | $63,350 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - CASH RESERVES/WORKING CAPITAL | $35,000 |
Roy And Niuta Titus Foundation Inc New York, NY PURPOSE: TO PROMOTE WORLD CULTURES THROUGH MUSIC AND DANCE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $95 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |