Nonprofit · EIN 35-2398349
PUTNAM BUSINESS ASSOCIATION INC
Tax-exempt (reinstated) · PUTNAM, CT 06260
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $56,859 | $53,846 | $3,013 | $31,812 | $0 | $31,812 |
| December 31, 2024 | 990-EZ | $50,473 | $53,073 | -$2,600 | $28,799 | – | $28,799 |
| December 31, 2023 | 990-EZ | $43,817 | $55,712 | -$11,895 | $31,399 | – | $31,399 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,905
- Investment income
- $0
- Net income from fundraising events
- $27,954
- Other revenue
- $27,954
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $22,588
- Salaries, compensation and benefits (total)
- $24,611
- Professional fundraising fees
- $0
- Accounting fees
- $520
Balance sheet and other
- Total assets, start of year
- $28,799
- Total assets, end of year
- $31,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $31,812
- Net assets without donor restrictions
- $31,812
- Gross receipts
- $204,876
- Employees
- 0
- Year formed
- 2011
- State of legal domicile
- CT
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Osbrey | Director Officer | 1 | $0 |
| Thomas Borner | Director Officer | 1 | $0 |
| Laura Jones | Secretary Officer | 2 | $0 |
| Dawn Pratt | Treasurer Officer | 8 | $0 |
| Matt Desaulnier | Director Officer | 1 | $0 |
| Patrick O'Brien | Director Officer | 1 | $0 |
| Jennifer Lehto | Director Officer | 1 | $0 |
| Kayla Trant | Director Officer | 1 | $0 |
| Jason Verreneault | Director Officer | 1 | $0 |
| Dick Loomis | Director Officer | 1 | $0 |
| Kate Cerrone | President Officer | 8 | $0 |
| Sheila Frost | Vice President Officer | 4 | $0 |
| Andrew Morrison | Director Officer | 1 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Osbrey | Past President | 2 | $0 |
| Thomas Borner | President | 4 | $0 |
| Tayler Shea | Secretary | 2 | $0 |
| Dawn Pratt | Treasurer | 8 | $0 |
| Matt Desaulnier | Director | 1 | $0 |
| Patrick O'Brien | Director | 1 | $0 |
| James St Jean | Director | 1 | $0 |
| Kayla Trant | Director | 1 | $0 |
| Jason Verreneault | Director | 1 | $0 |
| Dick Loomis | Director | 1 | $0 |
| Kate Cerrone | Vice President | 1 | $0 |
| Sheila Frost | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Osbrey | Past President | 4 | $0 |
| Thomas Borner | President | 2 | $0 |
| Tayler Sahzin | Secretary | 2 | $0 |
| Dawn Pratt | Treasurer | 8 | $0 |
| Matt Desaulnier | Director | 1 | $0 |
| Patrick O'Brien | Director | 1 | $0 |
| James St Jean | Director | 1 | $0 |
| Kayla Trant | Director | 1 | $0 |
| Jason Verreneault | Director | 1 | $0 |
| Dick Loomis | Director | 1 | $0 |
| Kate Cerrone | Director / VP | 1 | $0 |
| Sheila Frost | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 691, PUTNAM, CT 06260-0691
- In care of
- % BARBARA GOLOSKI
- Mailing address (990-N for 2013)
- 66 Main Street, Putnam CT 06260
- Principal officer (990 for 2025)
- Kate Cerrone, 112 Main Street / PO Box 691, Putnam, CT 06260
- Principal officer (990-N for 2013)
- Jeffrey A Rawson, 66 Main Street, Putnam CT 06260
- Signed the 990
- Kate Cerrone, President
- Phone
- (860) 428-1278
- Website
- www.putnambusiness.org
- Return prepared by
- LENGYEL AND ASSOCIATES LLC
Mission
The Putnam Business Association (PBA) is an organization consisting of local business owners who meet on the second Wednesday of every month with the unified goal of promoting local businesses through the generation, organization, implementation and conduction of local events.In 2024 the following were the PBA's 3 largest events and with the Gross Revenue for each:Fire & Ice Festival - $59,992Rubber Duck Race - $43,288Turkey Drive - $9,510In 2024 were PBA's Expenses for the these activities:Fire & Ice Festival - $62,194Rubber Duck Race - $15,076Turkey Drive - $9,358
Program accomplishments
- The Putnam Business Association (PBA) is an organization consisting of local business owners who meet on the second Wednesday of every month with the unified goal of promoting local businesses through the generation, organization, implementation and conduction of local events.
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 35-2398349
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $31,812
- Income (IRS master file)
- $204,876
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- September 24, 2014
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $56,859 | $53,846 | $31,812 | XML |
| 990-EZ | December 2024 | $50,473 | $53,073 | $28,799 | XML |
| 990-EZ | December 2023 | $43,817 | $55,712 | $31,399 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Jeffrey A Rawson | December 31, 2013 | ≤ $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 35-2398349).
Questions about PUTNAM BUSINESS ASSOCIATION INC
- What is the EIN of PUTNAM BUSINESS ASSOCIATION INC?
- The employer identification number (EIN) of PUTNAM BUSINESS ASSOCIATION INC is 35-2398349.
- Is PUTNAM BUSINESS ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to PUTNAM BUSINESS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PUTNAM BUSINESS ASSOCIATION 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 PUTNAM BUSINESS ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PUTNAM BUSINESS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PUTNAM BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names Kate Cerrone.
- Who are the officers and directors of PUTNAM BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does PUTNAM BUSINESS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $56,859, expenses of $53,846 and total assets of $31,812 at year end.
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