Nonprofit · EIN 26-1188925
PRIME PRODUCE LIMITED
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $464,471 | $470,934 | -$6,463 | $220,973 | $10,130 | $210,843 |
| December 31, 2023 | 990 | $1,246,352 | $1,227,763 | $18,589 | $247,674 | $30,187 | $217,487 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $454,546
- Program service revenue
- $7,736
- Investment income
- $1,998
- Other revenue
- $191
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $50,529
- Occupancy
- $5,462
- Travel
- $8,431
- Program services (functional)
- $404,009
- Management and general (functional)
- $66,925
Balance sheet and other
- Total assets, start of year
- $247,674
- Total assets, end of year
- $220,973
- Total liabilities, end of year
- $10,130
- Net assets, end of year
- $210,843
- Publicly traded securities
- $127,733
- Net assets without donor restrictions
- $175,546
- Net assets with donor restrictions
- $35,297
- Gross receipts
- $464,471
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2007
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jerone Hsu | President Trustee or director, Officer | 20 | $0 |
| James Williams | Treasurer Trustee or director, Officer | 1 | $0 |
| Ling Kong | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Williams | Treasurer Trustee or director, Officer | 2 | $0 |
| Jerone Hsu | President Trustee or director, Officer | 20 | $0 |
| Ling Kong | Secretary Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 424 W 54TH ST, NEW YORK, NY 10019-4406
- Mailing address (990-N for 2011)
- 310 Riverside Drive Suite 306, New York NY 10025
- Principal officer (990 for 2024)
- Jerone Hsu, 424 W 54 Street, New York, NY 10019
- Principal officer (990-N for 2011)
- Jerone Hsu, 310 Riverside Drive 306, New York NY 10025
- Signed the 990
- Jerone Hsu, President
- Phone
- (774) 633-9339
- Website
- primeproduce.org
- Return prepared by
- WatsonRice LLP
Mission
PRIME PRODUCE LIMITED (PPL) IS ORGANIZED TO ENCOURAGE AND SUPPORT OTHER PERSONS AND EXEMPT ORGANIZATIONS, EMPOWERING FUTURE PHILANTHROPISTS THROUGH PROGRAMS AND PROJECTS.
Program accomplishments
- Emergent Works: PPLs partnership with Emergent Works, Serving Justice-Impacted Communities strengthened its foundation through intentional growth and capacity-building initiatives that aligned with our mission to close digital literacy and racial wealth gaps. In 2024, the initiative maintained its flagship programs supporting just-impacted communities with an internal focus on staff/leadership Development and operational efficiency. 70% of T.RAP participants complete the program, achieving key milestones such as conducting research, creating original music, developing a website, building a resume, setting up an Upwork profile, and participating in a public performance.Expenses $269,832 · revenue $5,312
- Other programs:PPL continues to maintain a small portfolio of programs led by grassroots nonprofit leaders. Longstanding programs like GROW Externships, Seeds to Soil, and Design Dream Lab continued their programming throughout 2024. Newer initiatives continued to develop their programming like Earthlings.NYC (organizing their 2nd annual NYC Charity Turtle Race and new invertebrate zoology education programs) and Our Secret Ingredient is Love (organizing educational, participatory, plant-based food events through the lens of important cultural holidays such as Lunar New Year, Tombsweeping Day, and Diwali).Expenses $82,419 · revenue $2,424
- Our Collective Becoming:OCB continues its programming focused around social repair: co-creating a web of belonging in a time of intensified grief and accelerating forms of collapse and devastation: climate grief, interpersonal grief, accelerating global violence, moral devastation, symbolic devastation, the collapse of our political order, and the violence of our reigning economic order. Through community dinners, speaking engagements, and facilitated mutual aid networks, OCB continued to build on its mission of imagining and bring to life another world through a politics of en conjunto, or togetherness.Expenses $51,758
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1188925
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T40)
- Assets (IRS master file)
- $220,973
- Income (IRS master file)
- $464,471
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $464,471 | $470,934 | $220,973 | IRS |
| 990 | December 2023 | $1,246,352 | $1,227,763 | $247,674 | XML |
| 990 | December 2022 | $1,727,635 | $2,807,100 | $203,898 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | May 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Jerone Hsu | May 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-1188925).
Questions about PRIME PRODUCE LIMITED
- What is the EIN of PRIME PRODUCE LIMITED?
- The employer identification number (EIN) of PRIME PRODUCE LIMITED is 26-1188925.
- Is PRIME PRODUCE LIMITED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to PRIME PRODUCE LIMITED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRIME PRODUCE LIMITED 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 PRIME PRODUCE LIMITED 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 PRIME PRODUCE LIMITED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRIME PRODUCE LIMITED?
- The 990 for the year ended December 31, 2024 names Jerone Hsu.
- Who are the officers and directors of PRIME PRODUCE LIMITED?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PRIME PRODUCE LIMITED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $464,471, expenses of $470,934 and total assets of $220,973 at year end.
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