GOLD2023

WORLD MUSIC INSTITUTE INC

Many Cultures - One World

Brooklyn, NY   |  www.worldmusicinstitute.org
GuideStar Charity Check

WORLD MUSIC INSTITUTE INC

EIN: 13-3323045


Mission

World Music Institute (WMI) inspires wonder for world cultures through music and dance. We are committed to presenting the finest in traditional and contemporary music and dance from around the world with the goal of promoting awareness and appreciation of the rich diversity of the world's cultures and traditions. WMI encourages cultural exchange between nations and ethnic groups. WMI does not own a venue and presents at venues throughout New York.

Ruling year info

1987

Executive Director

Gaby Sappington

Main address

68 Jay Street Suite 201

Brooklyn, NY 11201 USA

Show more contact info

EIN

13-3323045

Subject area info

Cultural awareness

Performing arts

Folk and indigenous music

Population served info

Adults

Ethnic and racial groups

NTEE code info

Performing Arts (A60)

What we aim to solve

SOURCE: Self-reported by organization

By providing affordable access to high-caliber world music and dance performances and interactive audience enrichment activities, World Music Institute aims to enrich the lives of individuals of ALL socio-economic backgrounds, foster and promote cross-cultural dialog and exchange that builds bridges between cultures, and raise awareness as well as appreciation of the rich diversity of cultures from around the world.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

2022-2023 Season

The 2022-2023 Season consists of 36 live world music or dance performances by artists from around the globe, 11 free, virtual, interactive WMI PLUS At Home sessoions and the publishing of six podcasts.

Population(s) Served
Adults

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

World Music Institute seeks to be the welcoming and well-informed hub and home for all who are interested in experiencing and learning about cultural traditions and artistic expressions from around the globe and to bring ALL members of New York City's diverse population together in celebration of the unique artistic gifts each culture has to offer.

Aside from keeping ticket prices affordable, World Music Institute (WMI) is a "nomadic" presenter without a venue which allows us to present at venues throughout the city, reaching into many different neighborhoods and (immigrant) communities. With that, World Music Institute's audience is as diverse as our programming. World Music Institute collaborates with ethnic community groups, academic institutions and other cultural organizations to spread the word on WMI's programming and events. Our marketing is event and performance focused and includes the distribution of performance flyers at ethnic restaurants, dance studios, colleges, and (ethnic) community centers.

Ever since March 2020 - since venues closed due to the pandemic - we expanded our program portfolio to include (mostly free) virtual programming in the form of WMI PLUS At Home Sessions, podcasts, and on-demand concerts on the Vimeo platform.

Through thoughtful international programming, and by providing affordable (whenever possible, also FREE) access to meaningful cultural programming, we aim to reduce inequalities when it comes to access to the arts, and also to contribute to world peace by demonstrating our commitment to our motto: Many Cultures - One World

World Music Institute has a small staff of three full-time employees and three part-time contracted staff (Production Manager, PR, and Finance Manager). We are grateful for the help and support of very active and dedicated interns and volunteers who assist in outreach research and the distribution of performance flyers at appropriate locations. We also maintain productive relationships with community groups, academic institutions, and cultural organizations who assist in promoting our performances and events.

Over the past five years, we've been able to increase the number of performances from 16 per Season in FY15 to 30 per Season in FY19 and significantly increased the number of members and audiences served. The FY20 performance program was interrupted by the pandemic, resulting in fewer live shows and therefore audiences served. That said, by pivoting to online programming as of March 2020, we have been able to continue serving and staying connected with our community of world musis enthusiasts.

Ever sinve venues have reopened in September 2021, we have been offering both live and virtual cultural programming to enrich lives through the arts and bring people together around our stated motto: Many Cultures - One World.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome

Financials

WORLD MUSIC INSTITUTE INC
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

20.00

Average of 2.98 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.8

Average of 2.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

23%

Average of 24% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

WORLD MUSIC INSTITUTE INC

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

WORLD MUSIC INSTITUTE INC

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

WORLD MUSIC INSTITUTE INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of WORLD MUSIC INSTITUTE INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $64,594 $11,054 $21,588 $121,215 $148,729
As % of expenses 6.4% 1.4% 3.5% 24.9% 21.6%
Unrestricted surplus (deficit) after depreciation $63,571 $10,031 $21,100 $121,099 $148,200
As % of expenses 6.3% 1.3% 3.5% 24.9% 21.6%
Revenue composition info
Total revenue (unrestricted & restricted) $1,078,875 $791,411 $726,885 $497,495 $937,903
Total revenue, % change over prior year 9.3% -26.6% -8.2% -31.6% 88.5%
Program services revenue 46.8% 35.5% 17.5% 4.7% 14.8%
Membership dues 0.8% 1.2% 2.0% 1.0% 0.5%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 11.7% 18.2% 24.6% 40.7% 42.9%
All other grants and contributions 40.7% 45.2% 55.9% 53.6% 41.8%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $1,004,531 $780,801 $610,297 $486,030 $687,174
Total expenses, % change over prior year 5.6% -22.3% -21.8% -20.4% 41.4%
Personnel 25.4% 40.3% 48.8% 63.3% 41.4%
Professional fees 0.0% 0.0% 0.0% 0.0% 0.0%
Occupancy 2.3% 2.9% 3.8% 3.0% 2.1%
Interest 0.0% 0.0% 0.4% 0.4% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 72.3% 56.8% 47.0% 33.4% 56.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,005,554 $781,824 $610,785 $486,146 $687,703
One month of savings $83,711 $65,067 $50,858 $40,503 $57,265
Debt principal payment $9,832 $29,496 $0 $3,843 $55,132
Fixed asset additions $0 $0 $0 $1,070 $1,718
Total full costs (estimated) $1,099,097 $876,387 $661,643 $531,562 $801,818

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.7 0.6 3.9 6.5 7.8
Months of cash and investments 0.7 0.6 3.9 6.5 7.8
Months of estimated liquid unrestricted net assets 1.4 2.0 3.0 6.7 7.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $58,283 $41,109 $198,065 $264,701 $449,032
Investments $0 $0 $0 $0 $0
Receivables $191,537 $143,385 $133,095 $86,357 $93,052
Gross land, buildings, equipment (LBE) $11,650 $11,650 $11,650 $12,720 $14,438
Accumulated depreciation (as a % of LBE) 87.0% 95.8% 100.0% 92.5% 85.2%
Liabilities (as a % of assets) 47.1% 24.7% 21.0% 22.2% 4.0%
Unrestricted net assets $119,788 $129,819 $150,919 $272,018 $430,045
Temporarily restricted net assets $25,194 $24,750 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $25,194 $24,750 $119,750 $10,000 $112,000
Total net assets $144,982 $154,569 $270,669 $282,018 $542,045

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Gaby Sappington

Executive Director Gaby Sappington has held executive positions in the corporate and nonprofit sector: In the international departments of leading record companies (BMG Entertainment and SONY Classical) and at Make-A-Wish Metro New York and Western New York. Gaby holds a M.A. in Sociology and Economic Science from the University of Vienna, Austria, and completed a series of Executive and Nonprofit Leadership training courses.

Number of employees

Source: IRS Form 990

WORLD MUSIC INSTITUTE INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

WORLD MUSIC INSTITUTE INC

Board of directors
as of 01/04/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Andrew Faulkner

Retired Partner, Skadden, Arps, Slate, Meagher & Flom and Associates

Term: 2018 -


Board co-chair

Mrs. Daisy Paradis

President, Howard Bayne Charitable Trust, Musician, Teacher

Term: 2018 -

Zette Emmons

Retired, former Manager of Traveling Exhibitions and Project Director, Special Exhibitions at The Newark Museum

Moez Doraid

Dir., Division of Mgmt. and Admin. of United Nations Entity for Gender Equality and the Empowerment of Women (UN Women)

Kate Winn

Principal, Kate Winn Creative Communications, LLC

Neal Parikh

Computer Scientist and Startup Founder

John Habel

Retired Univ. Professor; radio co-host of The Sounds Global Show

Soon-Young Yoon

Chair of the Board, Women’s Environment and Development Organization (WEDO), UN representative for the International Alliance of Women

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 1/25/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 01/26/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.