WORLD AROUND INC

EIN: 853707451 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$461,660
Total Expenses
$653,298
Total Assets
$59,939
Net Assets
$23,333
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
BEATRICE GALILEE
Phone
9179221795
Tax Period
2023-01-01 to 2023-12-31

WORLD AROUND INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $462K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $653K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE WORLD AROUND IS A GLOBAL NONPROFIT PLATFORM WITH A SIMPLE BUT AMBITIOUS MISSION: TO MAKE THE BEST NEW IDEAS IN ARCHITECTURE ACCESSIBLE TO ALL. THE WORLD AROUNDS CRITICALLY ACCLAIMED PUBLIC PROGRAMS SHARE THE NOW, NEAR AND NEXT OF CONTEMPORARY ARCHITECTURE AND DESIGN CULTURE WITH A FOCUS ON INTERDISCIPLINARY, PROGRESSIVE, ACTIONABLE IDEAS AND CLIMATE JUSTICE.

Program Service Accomplishments

Program 1
Expenses: $272,700 Revenue: $184,089

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...

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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, AS WELL AS THE CREATION OF MULTIMEDIA CONTENT THAT AMPLIFIES KEY MESSAGES AND PROJECTS. A CORNERSTONE OF THE GENERAL PROGRAMS IS THE YOUNG CLIMATE PRIZE, WHICH IMPACTS 25 EXCEPTIONAL INDIVIDUALS UNDER THE AGE OF 25 BY PAIRING THEM WITH MENTORS FROM THE DESIGN INDUSTRY. THIS INITIATIVE NOT ONLY NURTURES YOUNG TALENT BUT ALSO PROVIDES GRANTS TO THREE WINNERS AND FULLY FUNDS THEIR TRIP TO NEW YORK CITY, WHERE THEY PRESENT THEIR WORK AT THE ANNUAL SUMMIT. ADDITIONALLY, GENERAL PROGRAMS SUPPORT VITAL ORGANIZATIONAL INFRASTRUCTURE, INCLUDING STAFF DEVELOPMENT AND FUNDRAISING ACTIVITIES, ENSURING THE WORLD AROUND CONTINUES TO BE A SUSTAINABLE AND DYNAMIC FORCE FOR PROMOTING DIALOGUE AND INNOVATION IN THE BUILT ENVIRONMENT.

Program 2
Expenses: $123,861 Revenue: $0

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...

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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 PRESENT THEIR WORK AND INSIGHTS. FOCUSED ON ECOLOGICAL AND SOCIAL JUSTICE, THE SUMMIT SERVES AS A GLOBAL PLATFORM FOR SHOWCASING PROJECTS THAT ADDRESS CRITICAL ENVIRONMENTAL AND SOCIETAL CHALLENGES. LIVESTREAMED AND BROADCAST FREE OF CHARGE TO A WORLDWIDE AUDIENCE, THE SUMMIT EMBODIES THE WORLD AROUND'S MISSION TO MAKE CUTTING-EDGE ARCHITECTURAL AND DESIGN DISCOURSE ACCESSIBLE TO ALL. BY REACHING THOUSANDS OF VIEWERS ACROSS CONTINENTS, WE AIM TO DEMOCRATIZE KNOWLEDGE, INSPIRE ACTIONABLE CHANGE, AND FOSTER A GLOBAL NETWORK COMMITTED TO SUSTAINABLE AND EQUITABLE PRACTICES IN THE BUILT ENVIRONMENT.

Program 3
Expenses: $102,312 Revenue: $0

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...

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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 RESTORATION. THIS PROGRAM CONVENED LEADING EXPERTS AND CREATIVE THINKERS TO SHARE INSIGHTS ON ADDRESSING ECOLOGICAL CHALLENGES THROUGH BOLD, REGENERATIVE PRACTICES. THE EVENT WAS BROADCAST WORLDWIDE AND ARCHIVED ON OUR WEBSITE AND ONLINE CHANNELS, MAKING IT ACCESSIBLE TO A BROAD AUDIENCE AND EXTENDING ITS REACH BEYOND PHYSICAL ATTENDEES. THE IN FOCUS SERIES UNDERSCORES THE WORLD AROUND'S COMMITMENT TO FOSTERING IN-DEPTH, GLOBAL CONVERSATIONS ON CRITICAL TOPICS IN ARCHITECTURE AND DESIGN, ENSURING THAT THESE DIALOGUES CONTRIBUTE TO A COLLECTIVE UNDERSTANDING AND ACTION TOWARD A MORE SUSTAINABLE FUTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,553
Program Service Revenue $184,089
Investment Income $0
Other Revenue $126,018
TOTAL REVENUE $461,660

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $129,538
Fundraising Expenses $22,293
Program Expenses $563,541
Other Expenses $516,260
TOTAL EXPENSES $653,298

Year-over-Year Comparison

2023 2022 Change
Revenue $461,660 $282,291 +0.6%
Expenses $653,298 $430,440 +0.5%
Net Income $-191,638 $-148,149 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$120,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEATRICE GALILEE EXECUTIVE DIRECTOR 40
Officer
$120,000 $0 $120,000
ADAM FLATTO CHAIR 3
Officer Director
$0 $0 $0
JOHN HASKELL TREASURER 1
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $461,660 $653,298 $59,939 $-191,638
2023 $669,960 $663,532 $60,824 $6,428
2022 $282,291 $430,440 $230,972 $-148,149
2021 $670,134 $347,012 $423,222 $323,122
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