Nonprofit · EIN 04-3255365
47 PALMER INC
Also known as PASSIM
Tax-exempt · CAMBRIDGE, MA 02138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,307,387 | $2,403,266 | -$95,879 | $514,090 | $183,066 | $331,024 |
| June 30, 2024 | 990 | $2,149,434 | $2,234,339 | -$84,905 | $584,832 | $157,929 | $426,903 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $803,168
- of which government grants
- $83,492
- Membership dues
- $167,346
- Program service revenue
- $1,499,632
- Investment income
- $4,587
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $61,500
- Compensation of officers, directors and key employees
- $135,575
- Other salaries and wages
- $641,869
- Salaries, compensation and benefits (total)
- $901,964
- Professional fundraising fees
- $0
- Accounting fees
- $21,470
- Occupancy
- $125,222
- Depreciation
- $10,104
- Program services (functional)
- $1,841,822
- Management and general (functional)
- $401,022
- Fundraising (functional)
- $160,422
Balance sheet and other
- Total assets, start of year
- $584,832
- Total assets, end of year
- $514,090
- Total liabilities, end of year
- $183,066
- Net assets, end of year
- $331,024
- Land, buildings and equipment
- $27,686
- Net assets without donor restrictions
- $106,951
- Net assets with donor restrictions
- $224,073
- Gross receipts
- $2,307,387
- Employees
- 56
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Patrick Kelly | Director & Treasurer Trustee or director, Officer | 5 | $0 |
| Alice Bruce | Director Trustee or director | 2 | $0 |
| Jaime D'Almeida | Director & Clerk Trustee or director, Officer | 2 | $0 |
| Chuck Honnet | Director & VP Trustee or director, Officer | 2 | $0 |
| Kemp Harris | Director Trustee or director | 2 | $0 |
| Caroline McCormick | Director Trustee or director | 2 | $0 |
| Mark Gillard | Director Trustee or director | 2 | $0 |
| Kristina Latino | Director Trustee or director | 2 | $0 |
| Brian Berube | Director Trustee or director | 2 | $0 |
| Laurie Russell | Director Trustee or director | 2 | $0 |
| Melissa Ferrick | Director Trustee or director | 2 | $0 |
| Patty Katsaros | Director Trustee or director | 2 | $0 |
| Annie Bartlett | Director & Chair Trustee or director, Officer | 5 | $0 |
| Rosi Amador | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Patrick Kelly | Director & Treasurer Trustee or director, Officer | 5 | $0 |
| Alice Bruce | Director Trustee or director | 2 | $0 |
| Jaime D'Almeida | Director & Clerk Trustee or director, Officer | 2 | $0 |
| Chuck Honnet | Director & VP Trustee or director, Officer | 2 | $0 |
| Kemp Harris | Director Trustee or director | 2 | $0 |
| Caroline McCormick | Director Trustee or director | 2 | $0 |
| Mark Gillard | Director Trustee or director | 2 | $0 |
| Kristina Latino | Director Trustee or director | 2 | $0 |
| Brian Berube | Director Trustee or director | 2 | $0 |
| Laurie Russell | Director Trustee or director | 2 | $0 |
| Melissa Ferrick | Director Trustee or director | 2 | $0 |
| Patty Katsaros | Director Trustee or director | 2 | $0 |
| Rosi Amador | Director Trustee or director | 2 | $0 |
| Annie Bartlett | Director & Chair Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 26 CHURCH ST, CAMBRIDGE, MA 02138-3708
- Principal officer (990 for 2024)
- Michael Busack, 26 Church Street, Cambridge, MA 02138
- Signed the 990
- Michael Busack, Executive Director
- Phone
- (617) 492-5300
- Website
- www.passim.org
- Return prepared by
- PAVENTO RATCLIFFE RENZI & CO LLC
Mission
See Page 1, Part I
Program accomplishments
- 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.Expenses $1,638,991 · grants $16,000 · revenue $1,367,939
- 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.Expenses $143,444 · grants $45,500 · revenue $110,266
- 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.Expenses $59,387 · revenue $21,427
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3255365
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A200)
- Assets (IRS master file)
- $514,090
- Income (IRS master file)
- $2,307,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,307,387 | $2,403,266 | $514,090 | XML |
| 990 | June 2024 | $2,149,434 | $2,234,339 | $584,832 | XML |
| 990 | June 2023 | $1,750,261 | $1,833,883 | $652,259 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3255365).
Questions about 47 PALMER INC
- What is the EIN of 47 PALMER INC?
- The employer identification number (EIN) of 47 PALMER INC is 04-3255365.
- Is 47 PALMER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to 47 PALMER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 47 PALMER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 47 PALMER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 47 PALMER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 47 PALMER INC?
- The 990 for the year ended June 30, 2025 names Michael Busack.
- Who are the officers and directors of 47 PALMER INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does 47 PALMER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,307,387, expenses of $2,403,266 and total assets of $514,090 at year end.
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