Overview
What is 47 Palmer Inc?
47 Palmer Inc, a nonprofit organization established in 1994, is dedicated to delivering exceptional and engaging live musical experiences for both artists and audience members. Their mission involves fostering talents at various stages of their careers and cultivating a lively music community. This is achieved through their renowned performance venue, music school, artist grants, and outreach programs. The organization, located in Harvard Square, Cambridge, showcases a diverse range of musical genres, emphasizing the bond between performers and the audience and between instructors and students. By doing so, 47 Palmer Inc aims to contribute positively to the local community, enriching people's lives through the performance arts.
Official website here: www.passim.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% - Four-Star out of Four Star rating.
47 Palmer Inc demonstrates a high level of accountability and financial transparency, reflected in its impressive score of 92%. The organization has a fully independent board consisting of 12 members, and it shows strong commitment to governance with no reported material diversion of assets. Additionally, it has well-structured financial policies, including whistleblower and conflict of interest policies, which enhance its credibility.
The nonprofit excels in its program expense ratio, with 76.73% of its expenses going directly to its programs. Furthermore, it has received perfect scores in constituent feedback and feedback practices, showcasing its responsiveness to those it serves. This level of engagement indicates a strong connection with the community and a commitment to incorporating their input into organizational practices.
While the organization has a commendable equity strategies score of 91, there are minor areas for improvement in equity data collection and policies. Despite this, its overall performance highlights a robust operational structure, making it a reliable choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about 47 Palmer Inc?
88% of 260 reviewers on Facebook recommend 47 Palmer Inc. Here is a summary of their reviews:
Many patrons express enthusiasm for the venue, noting it as one of their favorite spots. The positive sentiment indicates that visitors appreciate the atmosphere and the experiences offered.
Overall, this nonprofit seems to resonate well with its supporters, showcasing a strong community connection and positive engagement from those who have attended events or utilized its services.
This AI summary has been generated from reviews found on Facebook.
Is 47 Palmer Inc legitimate?
47 Palmer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 47 Palmer Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $92,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $459,859
For more financial information, click here
Official website here: www.passim.org
What is the mission statement of 47 Palmer Inc?
The mission of 47 Palmer Inc, as a nonprofit organization, is to offer exceptional and engaging live musical encounters for both performers and audiences. Their goal is to foster the growth of artists at various stages of their careers and establish a thriving music community. This is achieved through their renowned performance venue, music school, artist grants, and outreach programs. The organization continues the legacy of its predecessors, Club 47 and Passim, by showcasing a wide range of musical traditions, with a focus on the connection between performers and their audience, and teachers and students. The ultimate aim is to contribute to the flourishing of the performing arts, thereby enriching the lives of the community.
Official website here: www.passim.org
Who is the CEO of 47 Palmer Inc?
Jim Wooster is the Director & Treasurer of 47 Palmer Inc.
Official website here: www.passim.org
What is the revenue of 47 Palmer Inc?
47 Palmer Inc's revenue in 2023 was $1,750,261.
Official website here: www.passim.org
Who are the executives of 47 Palmer Inc and what are their salaries?
The average compensation at 47 Palmer Inc during 2023 was $10,835. There are 51 employees at 47 Palmer Inc.
Here are 12 key members and their salaries:
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Official website here: www.passim.org
Where can I find the form 990 for 47 Palmer Inc?
47 Palmer Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.passim.org
Learn more at the official website: www.passim.org
Mission Statement of 47 Palmer Inc
47 Palmer Inc, a nonprofit organization with roots tracing back to the legendary Club 47, is committed to delivering exceptional and interactive live musical experiences for both artists and audiences. Their mission is threefold: firstly, to foster a vibrant music community; secondly, to support artists at various stages of their careers; and thirdly, to nurture connections between performers and audiences. By offering a diverse mix of musical traditions, 47 Palmer Inc encourages an environment where the focus is on the relationship between artists and their audience, as well as between teachers and students. This approach aims to enrich the lives of community members and contribute to the flourishing of the performance arts.
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Impact
July, 2024
47 Palmer Inc, also known as Passim, aims to provide truly exceptional and interactive live musical experiences for both performers and audiences, nurture artists at all stages of their career, and build a vibrant music community. Through its legendary listening venue, music school, artist grants, and outreach programs, Passim carries on the heritage of the historic Club 47 and for-profit Passim. By cultivating a diverse mix of musical traditions and emphasizing the relationship between performers and audience, Passim enriches the lives of members of the community by helping the performance arts flourish. Located in Harvard Square, Passim serves Cambridge and the broader region by featuring local, national, and international artists.
This information is meant to be a general summary of 47 Palmer Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,277
- Program Service Revenue: $1,139,493
- Gross Receipts: $1,750,261
Assets and Liabilities:
- Total Assets: $652,259
- Total Liabilities: $140,451
- Net Assets: $511,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions & club
Revenue
$1,012,363
Tuitions
Revenue
$88,550
Member dues for value
Revenue
$25,657
Program income club
Revenue
$12,923
Organization Details
Founding Year
1994
Phone
(617) 492-5300Principal Officer
Jim Wooster
Main Address
26 Church Street Suite 300, Cambridge, MA, 02138
Website
www.passim.orgNTEE Category
Code: A200 - Arts
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