47 Palmer INC

Tax-deductible

Cambridge, MA501(c)(3)Arts & CultureEIN 04-3255365

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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.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$183K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+7% vs prior year
Spent
$2.4M
To programs
77%
Net assets
$331K
By yearFY2021–FY2025
Revenue
$2.3M
FY2025▲ +7%
Revenue by fiscal year
FY2021$1.0M
FY2022$1.6M
FY2023$1.8M
FY2024$2.1M
FY2025$2.3M
Expenses
$2.4M
FY2025▲ +8%
Expenses by fiscal year
FY2021$908K
FY2022$1.5M
FY2023$1.8M
FY2024$2.2M
FY2025$2.4M
Net assets
$331K
FY2025▼ -22%
Net assets by fiscal year
FY2021$487K
FY2022$595K
FY2023$512K
FY2024$427K
FY2025$331K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.8M Management & general 17% · $401K Fundraising 7% · $160K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director & Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director & Clerk
$0Pt VII · Sec A
Director & VP
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See 47 Palmer INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurtures artists and builds community through live music, education, and grants.

Provided by the organization

This section is blank until 47 Palmer INC claims this page.

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3 program services account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

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.

$1.6Mprogram expense
02

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.

$143Kprogram expense
03

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.

$59Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100
Grants paid · 8 grants · $318K · 2020–2024
Unitemized GrantFY2024$46,500
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$46,950
Unitemized GrantFY2022$35,850
Unitemized GrantFY2021$46,545
Unitemized GrantFY2021$40,000
Unitemized GrantFY2020$45,750
Unitemized GrantFY2020$41,171

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$803K
Investment incomeLn 3$5K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.8M
Managementcol C$401K
Fundraisingcol D$160K
Owns and owesPt X
$331K
net assets · Ln 32
Cash and savingsLn 1–2$320K
Total assetsLn 16$514K
LiabilitiesLn 26$183K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$803K
Government grantsLn 1e$83K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$5K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$320K
Cash and savings togetherLn 1–2$320K
InvestmentsLn 11–13$108K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$9K
Total assetsLn 16$514K
LiabilitiesLn 26$183K
Net assetsLn 32$331K
OperationsPt I, VI
EmployeesI 544
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$342K$320K
InvestmentsLn 11–13$103K$108K
Land, buildings, equipmentLn 10c$31K$28K
Total assetsLn 16$585K$514K
LiabilitiesLn 26$158K$183K
Net assetsLn 32$427K$331K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$62K$62K
Pay of current officers, directors and key staffLn 5$136K$61K$34K$41K
Other salaries and wagesLn 7$642K$447K$98K$96K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$39K$39K
Payroll taxesLn 10$75K$49K$14K$12K
Accounting feesLn 11c$21K$4K$18K
Other fees for servicesLn 11g$878K$769K$107K$2K
Advertising and promotionLn 12$14K$6K$8K
OccupancyLn 16$125K$116K$4K$4K
Depreciation, depletion and amortizationLn 22$10K$10K$77
InsuranceLn 23$32K$27K$5K
Other expenses (24a–d)Ln 24$285K$248K$37K$32
All other expensesLn 24e$75K$42K$27K$5K
Total functional expensesLn 25$2.4M$1.8M$401K$160K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.3M$2.4M−$96K$331K 990 PDF
FY2024 $2.1M$2.2M−$85K$427K 990 PDF
FY2023 $1.8M$1.8M−$84K$512K 990 PDF
FY2022 $1.6M$1.5M$109K$595K 990 PDF
FY2021 $1.0M$908K$137K$487K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,307,387 across 7 lines filed
VIII-1b Membership dues$167,346
VIII-1e Government grants$83,492
VIII-1f All other contributions, gifts and grants$552,330
VIII-1h Total contributions, gifts and grants$803,168
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,499,632$1,499,632
VIII-3 Investment incomeExcluded from tax $4,587$4,587
VIII-12 Total revenueRelated to mission $1,499,632 · Unrelated business $0 · Excluded from tax $4,587$2,307,387
Part IX · Statement of functional expenses $2,403,266 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $61,500$61,500
IX-5 Pay of current officers, directors and key staffPrograms $61,009 · Management $33,894 · Fundraising $40,672$135,575
IX-7 Other salaries and wagesPrograms $447,440 · Management $98,448 · Fundraising $95,981$641,869
IX-8 Pension plan contributionsManagement $9,982$9,982
IX-9 Other employee benefitsManagement $39,250$39,250
IX-10 Payroll taxesPrograms $48,818 · Management $14,376 · Fundraising $12,094$75,288
IX-11c Accounting feesPrograms $3,900 · Management $17,570$21,470
IX-11g Other fees for servicesPrograms $769,196 · Management $106,827 · Fundraising $1,748$877,771
IX-12 Advertising and promotionPrograms $6,322 · Management $7,604$13,926
IX-16 OccupancyPrograms $116,240 · Management $4,491 · Fundraising $4,491$125,222
IX-22 Depreciation, depletion and amortizationPrograms $10,027 · Management $77$10,104
IX-23 InsurancePrograms $27,263 · Management $4,702$31,965
IX-24 Other expenses (24a–d)Programs $248,069 · Management $36,586 · Fundraising $32$284,687
IX-24e All other expensesPrograms $42,038 · Management $27,215 · Fundraising $5,404$74,657
IX-25 Total functional expensesPrograms $1,841,822 · Management $401,022 · Fundraising $160,422$2,403,266
Part X · Balance sheet $514,090 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $342,410$319,946
X-4 Accounts receivableStart of year $63,130$13,050
X-8 Inventories for sale or useStart of year $13,986$16,578
X-9 Prepaid expenses and deferred chargesStart of year $20,994$19,536
X-10c Land, buildings and equipment, netStart of year $31,105$27,686
X-12 Other securitiesStart of year $103,457$108,044
X-15 Other assetsStart of year $9,750$9,250
X-16 Total assetsStart of year $584,832$514,090
X-17 Accounts payable and accrued expensesStart of year $66,895$83,156
X-19 Deferred revenueStart of year $91,034$99,910
X-26 Total liabilitiesStart of year $157,929$183,066
X-27 Net assets without donor restrictionsStart of year $282,673$106,951
X-28 Net assets with donor restrictionsStart of year $144,230$224,073
X-32 Total net assets or fund balancesStart of year $426,903$331,024
X-33 Total liabilities and net assetsStart of year $584,832$514,090
Part XI · Reconciliation of net assets $331,024 net assets at year end
XI-1 Total revenue$2,307,387
XI-2 Total expenses$2,403,266
XI-3 Revenue less expenses−$95,879
XI-4 Net assets at start of year$426,903
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$331,024

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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