2025-12-17T07:55:25-06:00 2025-06-30 043530932 PAVENTO RATCLIFFE RENZI & CO LLC 391 East Central St Unit 8A Franklin MA 02038 990 2024-07-01 043255365 47 Palmer Inc 47PA 6174925300 26 Church Street Cambridge MA 02138 Michael Busack Executive Director 6174925300 2025-11-24 1 0 John A Ratcliffe P00551279 5085533091 2025-11-19 2024 2025-03-06 01:10:19Z Passim Michael Busack 26 Church Street Cambridge MA 02138 2307387 0 X www.passim.org X 1994 MA The mission of Passim is to provide truly exceptional and interactive live musical experiences for both performers and audiences, to nurture artists at all stages of their career, and to build a vibrant music community. We do so through our legendary listening venue, music school, artist grants and outreach programs. As a nonprofit since 1994, Passim carries on the heritage of our predecessors-the historic Club 47 (1958-1968) and for-profit Passim (1969-1994). We cultivate a diverse mix of musical traditions, where the emphasis is on the relationship between performers and audience and between teachers and students. Located in Harvard Square, Passim serves Cambridge and the broader region by featuring local, national and international artists. Our ultimate goal is to help the performance arts flourish and thereby enrich the lives of members of our community. 14 14 56 0 0 0 751513 803168 1392915 1499632 5006 4587 0 0 2149434 2307387 46950 61500 0 0 786300 901964 0 0 160422 1401089 1439802 2234339 2403266 -84905 -95879 584832 514090 157929 183066 426903 331024 X See Page 1, Part I 0 0 1638991 16000 1367939 Club Passim - See Schedule OClub PassimClub Passim put on 366 concerts during fiscal year 2025, conducted in the club and via livestream. In a typical year, in addition to our regular concerts, we hold a variety of special concerts, including our annual Celtic Music Festival. We help develop emerging artists by offering them the opportunity to perform to smaller audiences and opening for better-known musicians. A major vehicle for this is through our weekly open-mic, which we reinstituted in June 2014. At open mic, any musician is welcome to play several songs on our stage. We also typically hold 2 weekend-music festivals ("Campfire Festivals") on the Memorial Day and Labor Day weekends that provide an opportunity for lesser-known artists to play. Our audience typically ranges in age from 25-65 and comes mainly from metropolitan Boston. 143444 45500 110266 Education - See Schedule OEducationEducation - Passim School of MusicFrom July 1, 2024 through June 30, 2025, the Passim School of Music served 746 students through 144 classes, voice lessons, and workshops. The intimate, inclusive environment is specially designed to foster a sense of community across students and instructors. Master classes and workshops give students an opportunity to work closely with their favorite artists and to learn specific techniques from the masters. The School is for adults and does not award degrees or certificates.Education - Iguana Music FundThe Fund, originated in 2009, gives grants to New England-based artists to help develop their careers or assist their community-service efforts. In general, between 250-300 musicians apply and between 20 and 30 receive grants. Passim holds an annual spring celebration of these artists at its Club, where grant recipients perform. Those unable to be present usually send videos that are played to the audience. Artists are generally in their 20s or 30s and while many come from or have roots in the Boston area, they all have a strong New England connection. Two grantees were Grammy nominees in prior years. 59387 21427 Outreach - See Schedule OOutreachPassim presents artists in the community as part of its Outreach Program. Each summer we present a series of free outdoor weekly concerts in Harvard Square and Kendall Square. In addition, we have stages at the Harvard Square Business Association's Mayfair and Oktoberfest festivals.We also hold or cohost 5 different festivals during the year. These include campfire (TM)(previously mentioned), the Passim Bluegrass Festival, Harvard Square Folk Festival, New England Americana Festival, and BCMFest (Boston's Celtic Music Festival). The latter is the premier presenter of Boston-based Irish, Scottish & Cape Breton music. The festival encourages collaboration across the Celtic spectrum, along with encouraging both traditional and new interpretations of the music. All of these events serve the general public at large. 1841822 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 288 0 1 56 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 1 0 MA X X The Organization 6174925300 26 Church Street Cambridge MA 02138 X James Patrick Kelly Director & Treasurer 5.00 X X 0 0 0 Alice Bruce Director 2.00 X 0 0 0 Jaime D'Almeida Director & Clerk 2.00 X X 0 0 0 Chuck Honnet Director & VP 2.00 X X 0 0 0 Kemp Harris Director 2.00 X 0 0 0 Caroline McCormick Director 2.00 X 0 0 0 Mark Gillard Director 2.00 X 0 0 0 Kristina Latino Director 2.00 X 0 0 0 Brian Berube Director 2.00 X 0 0 0 Laurie Russell Director 2.00 X 0 0 0 Melissa Ferrick Director 2.00 X 0 0 0 Patty Katsaros Director 2.00 X 0 0 0 Annie Bartlett Director & Chair 5.00 X X 0 0 0 Rosi Amador Director 2.00 X 0 0 0 0 0 0 0 0 0 0 0 167346 83492 552330 803168 Admissions & club 711190 1338407 1338407 Tuitions 900099 110266 110266 Member dues for value 711190 29532 29532 Program income club 900099 21427 21427 1499632 4587 4587 2307387 1499632 0 4587 X 61500 61500 135575 61009 33894 40672 641869 447440 98448 95981 9982 9982 39250 39250 75288 48818 14376 12094 21470 3900 17570 877771 769196 106827 1748 13926 6322 7604 125222 116240 4491 4491 10104 10027 77 31965 27263 4702 Cost of beverages & mea 135324 135324 Hospitality 83739 47723 35984 32 Bank and credit card fe 48984 48894 90 License and permits 16640 16128 512 74657 42038 27215 5404 2403266 1841822 401022 160422 342410 319946 63130 13050 13986 16578 20994 19536 431247 403561 31105 27686 103457 108044 9750 9250 584832 514090 66895 83156 91034 99910 157929 183066 X 282673 106951 144230 224073 426903 331024 584832 514090 -95879 0 X 0 1 X 0 0 X 665131 819038 607491 751513 803168 3646341 665131 819038 607491 751513 803168 3646341 232404 3413937 10 85 3277 5006 4587 12965 1150 1150 3660456 5209775 0.93270 0.93400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 181971 159773 22198 249276 243788 5488 27686 Governmental Money Market Mutual Fund 108044 F 108044 2336087 28700 28700 2307387 0 2307387 2431966 28700 28700 2403266 0 2403266 1 Grants to support artists' development, i.e. recording/mfg assist, publicity/mktg, instrument repair/replacement, special projects & community outreach activities 24 46500 Grants awarded annually to qualified Celtic acts via a juried submission process. 6 15000 Part I, Line 2: Artists must have an affiliation with New England either by residence or tour history for specific career building projects. As a small organization, Passim management has either first or secondhand knowledge of the donees' progress. Areas of support may include (but are not limited to): recording or manufacturing assistance, publicity & marketing support, instrument repair or replacement, additional equipment & instruments, special projects and other specific activities promoting the arts and/or community outreach. Form 990, Part VI, Section A, line 8b No minutes are maintained for committee meetings as no binding decisions are made during committee meetings. Committees are formed for advisory purposes only. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the board of directors to ensure that all are in agreement that the 990 accurately represents the activity and standing of the entity. Form 990, Part VI, Section B, line 12c There are occasional discussions of potential conflicts during board meetings throughout the year. In addition,once a year each board member must sign a form indicating that he or she has read the policy and complies with it or discloses where there is a conflict, which is then reported to the full board so that all are aware of it. Anyone with a conflict cannot vote on any matter where the conflict is involved. Form 990, Part VI, Section B, line 15 The Personnel Committee and Finance Committee of the Board reviewed data from the annual Guidestar Compensation Survey for the Executive Director and top management personnel. For Executive Director compensation across the country and in Massachusetts for comparably sized nonprofits in general and the performing arts in particular, the Executive Director is well below the mean and median based on any comparison. The Chief Financial Officer is below the median and mean for all CFOs, at about the mean for Performing Arts Centers and below the median for Massachusetts CFOs. Our Managing Director, who is in charge of our largest program, is difficult to classify, since his role is fairly unique. Perhaps the best comparison is with other Program Directors. Given this comparison, he is at the mean for all Program Directors, although above the median. For Mass. Program Directors, our Managing Director is well below the mean but above the median. Form 990, Part VI, Section C, line 18 The Organization's Form 1023 and 990 are available online via Guidestar and also the Organization will provide this information upon request. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Artist fees: Program service expenses 582,018. Management and general expenses 100. Fundraising expenses 650. Total expenses 582,768. Instructor fees: Program service expenses 62,676. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,676. Other subcontract: Program service expenses 124,502. Management and general expenses 106,727. Fundraising expenses 1,098. Total expenses 232,327.