TY 2023 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
Putnam Business Association Inc

Number and street (or P. O. box, if mail is not delivered to street address)112 Main Street / PO Box 691
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Putnam, CT06260

D Employer identification number

35-2398349

E Telephone number

(860) 428-1278

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? 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 2023 the following were the PBA's 3 largest events and with the Gross Revenue for each:Fire & Ice Festival - $47,298Rubber Duck Race - $34,940Fall Festival - $17,072In 2023 were PBA's Expenses for the these activities:Fire & Ice Festival - $49,248Rubber Duck Race - $8,904Fall Festival - $16,340
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 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. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
Gary Osbrey Past President	4.00	0
Thomas Borner President	2.00	0
Tayler Sahzin Secretary	2.00	0
Dawn Pratt Treasurer	8.00	0
Matt Desaulnier Director	1.00	0
Patrick O'Brien Director	1.00	0
James St Jean Director	1.00	0
Kayla Trant Director	1.00	0
Jason Verreneault Director	1.00	0
Dick Loomis Director	1.00	0
Kate Cerrone Director / VP	1.00	0
Sheila Frost Director	0	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $7372
Other Expenses.1002	Office Expenses $667
Other Expenses.1012	Insurance $1811
Other Expenses.1	Special Projects $15117
Other Expenses.2	Miscellaneous / CC Fees $5776
Other Expenses.3	Business Mixers / Networking E $3721
Other Expenses.4	Santa Set $1938
Other Expenses.5	Payroll - Fees / Sales Tax $967
Other Expenses.6	Cell Phone Reimbursement $480
Other Expenses.7	Website $400
Other Expenses.8	PO Box $251
Other Expenses.9	Postage $152
Other Expenses.10	Meetings / Meals $20
Other Expenses.15	Rounding $-1

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $7372

Other Expenses.1002

Office Expenses $667

Other Expenses.1012

Insurance $1811

Other Expenses.1

Special Projects $15117

Other Expenses.2

Miscellaneous / CC Fees $5776

Other Expenses.3

Business Mixers / Networking E $3721

Other Expenses.4

Santa Set $1938

Other Expenses.5

Payroll - Fees / Sales Tax $967

Other Expenses.6

Cell Phone Reimbursement $480

Other Expenses.7

Website $400

Other Expenses.8

PO Box $251

Other Expenses.9

Postage $152

Other Expenses.10

Meetings / Meals $20

Other Expenses.15

Rounding $-1

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	23,242
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) List of Attached Documents: // Content ..	6b	125,220
c	Less: direct expenses from gaming and fundraising events ...	6c	104,645
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	20,575
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	43,817

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	16,391
13	Professional fees and other payments to independent contractors ............	13	650
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	38,671
17	Total expenses. Add lines 10 through 16 .................	17	55,712

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	23017517
Software Version:	2023v4.0

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-11,895
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	43,294
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	31,399

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










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