Nonprofit · EIN 04-6112437
CHESTNUT STREET ASSO
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,544 | $20,096 | -$6,552 | $31,060 | $0 | $31,060 |
| December 31, 2023 | 990-PF | $25,972 | $19,721 | $6,251 | $37,612 | $0 | $37,612 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $54
- Net rental income
- $3,250
- Other income
- $10,240
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,126
Balance sheet and other
- Total assets, start of year
- $37,612
- Total assets, end of year
- $31,060
- Total liabilities, end of year
- $0
- Net assets, end of year
- $31,060
- Fair market value of assets
- $31,060
- Qualifying distributions
- $1,126
- Net investment income
- $3,304
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY LIPPMAN CHESTNUT STREET, SALEM, MA 01970 | PRESIDENT | 3 | $0 |
| MICHAEL SELBST CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| JIM MCLEAN CHESTNUT STREET, SALEM, MA 01970 | TREASURER | 3 | $0 |
| MATT BROWN CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| WENDY KRAUNELIS CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| ELIZABETH MOULTON CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| MARTHA PITMAN CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| OTIS EDWARDS CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY LIPPMAN CHESTNUT STREET, SALEM, MA 01970 | PRESIDENT | 3 | $0 |
| MICHAEL SELBST CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| JIM MCLEAN CHESTNUT STREET, SALEM, MA 01970 | TREASURER | 3 | $0 |
| MATT BROWN CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| WENDY KRAUNELIS CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| ELIZABETH MOULTON CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| MARTHA PITMAN CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
| OTIS EDWARDS CHESTNUT STREET, SALEM, MA 01970 | DIRECTOR | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 6 CHESTNUT ST, SALEM, MA 01970-3108
- In care of
- % CHANNING BACALL JR TREAS
- Signed the 990-PF
- JAMES MCLEAN, TREASURER
- Phone
- (978) 745-4739
- Return prepared by
- PAMELA C BOARDWAY CPA PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-6112437
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $31,060
- Income (IRS master file)
- $13,544
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,544 | $20,096 | $31,060 | XML |
| 990-PF | December 2023 | $25,972 | $19,721 | $37,612 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 04-6112437).
Questions about CHESTNUT STREET ASSO
- What is the EIN of CHESTNUT STREET ASSO?
- The employer identification number (EIN) of CHESTNUT STREET ASSO is 04-6112437.
- Is CHESTNUT STREET ASSO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to CHESTNUT STREET ASSO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHESTNUT STREET ASSO file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHESTNUT STREET ASSO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHESTNUT STREET ASSO last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CHESTNUT STREET ASSO?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CHESTNUT STREET ASSO have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,544, expenses of $20,096 and total assets of $31,060 at year end.
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