2024-05-14T14:52:13-04:00 2023-06-30 020428003 HESSION & PARE PC 62 STARK STREET MANCHESTER NH 031011970 990 2022-07-01 237356019 PALACE THEATRE TRUST PALA 6036685588 80 HANOVER STREET MANCHESTER NH 03101 PETER RAMSEY CEO 6036685588 2024-05-08 PETER RAMSEY XXX-XX-XXXX true THOMAS J PARE CPA P01275600 6036695477 2024-05-08 2022 2023-04-26 12:10:37Z PETER RAMSEY 80 HANOVER STREET MANCHESTER NH 03101 7998997 false X WWW.PALACETHEATRE.ORG X 1974 NH TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. 25 24 85 120 101379 100379 4461299 1487331 3737676 4714989 270210 195433 326032 461674 8795217 6859427 0 0 2220415 2513505 0 369401 3738787 3957252 5959202 6470757 2836015 388670 15311003 17432567 3214661 4465414 12096342 12967153 X TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. false false 4442840 4714989 ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATIO CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION. 4442840 true true false false false false false false false true true false false true true false true false false false false false false false true true false false false true false false false false false false false false false false false false false false false false false true 279 0 true 85 true true true false false false false false false false false false false false false false X 25 24 false false true false false false false true true false false true true true true true true true true false NH X PETER RAMSEY 6036685588 80 HANOVER ST MANCHESTER NH 03101 PETER RAMSEY CEO 40.00 X X 207875 0 39613 J MICHAEL PERRELLA CHAIR 1.00 X X 0 0 0 ATTY DAVID EBY VICE CHAIR 1.00 X X 0 0 0 MARK LAPRADE TREASURER 1.00 X X 0 0 0 DOUG BLAIS SECRETARY 1.00 X X 0 0 0 ROBERT BAINES TRUSTEE 1.00 X 0 0 0 ERNESTO BURDEN TRUSTEE 1.00 X 0 0 0 JOE CARELLI TRUSTEE 1.00 X 0 0 0 RON COVEY TRUSTEE 1.00 X 0 0 0 SARAH DEMERS TRUSTEE 1.00 X 0 0 0 SYLVIO DUPUIS TRUSTEE 1.00 X 0 0 0 DONNA GAMACHE TRUSTEE 1.00 X 0 0 0 JOSEPH GRAHAM TRUSTEE 1.00 X 0 0 0 BETH HOULIS TRUSTEE 1.00 X 0 0 0 JOHN MACNEIL TRUSTEE 1.00 X 0 0 0 CAMILLE MADDEN TRUSTEE 1.00 X 0 0 0 ROLAND MARTIN TRUSTEE 1.00 X 0 0 0 SHARRON MCCARTHY TRUSTEE 1.00 X 0 0 0 JASON MCKINNEY TRUSTEE 1.00 X 0 0 0 KATIE MCQUAID COTE TRUSTEE 1.00 X 0 0 0 LUCIA A MERRITT TRUSTEE 1.00 X 0 0 0 HOLLY MINTZ TRUSTEE 1.00 X 0 0 0 ATTY JENNIFER PARENT TRUSTEE 1.00 X 0 0 0 MIKE REED TRUSTEE 1.00 X 0 0 0 MICHAEL SKELTON TRUSTEE 1.00 X 0 0 0 207875 39613 1 false true false UNITED TALENT AGENCY 888 7TH AVENUE SUITE 922 NEW YORK NY 10106 PERFORMER AGENT 159765 1 605770 881561 1487331 SHOW REVENUE 711110 3623607 3623607 HISTORIC FEE 711110 488416 488416 YOUTH THEATRE FEES 711110 468635 468635 RENTS 532000 86621 86621 ADVERTISING INCOME 541800 47710 47710 4714989 150122 150122 858683 813372 45311 45311 45311 98275 25977 72298 72298 101379 101379 101379 587889 300221 287668 287668 MISCELLANEOUS 900099 329 329 329 6859427 4715318 101379 555399 156154 156154 2053596 1239262 632038 182296 30000 16824 10701 2475 91966 51576 32803 7587 181789 101950 64842 14997 51630 28955 18416 4259 34976 34976 168985 94769 60275 13941 241355 135355 86089 19911 500975 280955 178692 41328 65529 36750 23373 5406 424222 318448 105774 72597 40714 25895 5988 PRODUCTION COSTS 1274678 1274678 SUBCONTRACTORS 513493 513493 CREDIT CARD FEES 221676 124319 79069 18288 OTHER 143982 49593 77034 17355 243154 135199 72385 35570 6470757 4442840 1658516 369401 140926 98016 4969638 4776108 23500 41375 9916 8118 4450 2350 8564400 4266349 4597354 4298051 4581575 5973442 983644 2235107 15311003 17432567 307915 300470 368625 491257 831499 809525 20000 20000 1686622 2844162 3214661 4465414 X 6726978 7120357 5369364 5846796 12096342 12967153 15311003 17432567 X 388670 481933 208 X false true X true false X 1035390 978407 2824027 4461299 1487331 10786454 4373387 3247069 446176 3737676 4715318 16519626 430174 386877 59705 451368 587889 1916013 5838951 4612353 3329908 8650343 6790538 29222093 29222093 102366 99837 95287 105969 150122 553581 102366 99837 95287 105969 150122 553581 155694 78311 113745 135486 172677 655913 6097011 4790501 3538940 8891798 7113337 30431587 0.96030 0.96630 0.02000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4581575 628869 212500 4997944 5333206 10000 -569131 192500 4581575 4262893 1221313 151000 5333206 4340745 6999 -9851 75000 4262893 4055311 149483 135951 4340745 0.00200 0.83580 0.16220 false false 38883 38883 6884523 3151237 3733286 1640994 1115112 525882 4298051 OPERATING ROU ASSET 1097387 ENDOWMENT FUND RECEIVABLE 787121 DEPOSITS 149067 PREPAID SHOWS 80149 OTHER PREPAIDS 38737 FINANCING ROU ASSET 33559 PREPAID INSURANCE 25076 CONSTRUCTION IN PROGRESS 22299 PREPAID POSTAGE 1712 2235107 CONSTRUCTION LEASE PAYABLE 1686622 OPERATING LEASE LIABILITY 1122331 FINANCING LEASE LIABILITY 35209 2844162 7431433 481933 125049 606982 6824451 34976 34976 6859427 6560622 124841 124841 6435781 34976 34976 6470757 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FUND SHALL BE MAINTAINED AS A CAPITAL FUND, WITH NET INCOME DISTRIBUTED ANNUALLY FOR THE PRODUCTION OF PERFORMANCES. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN ENDOWMENT FUND RECEIVABLE 26,804 MERCHANDISE SALES - EXPENSES 98,245 SCHEDULE D, PAGE 4, PART XII, LINE 2D MERCHANDISE SALES - EXPENSES 98,245 ASC 842 LEASE ADJUSTMENT 26,596 KITCHEN TOUR 50625 50625 2546 GOLF TOURNAMENT 32500 32500 8440 5125 1 14780 14780 2061 97905 97905 8440 9732 18172 79733 false false 101379 true 1.00000 101379 101379 NH true false false false 1.00000 PETER RAMSEY 80 HANOVER ST MANCHESTER NH 03101 true 101379 188275 ROCKINGHAM GAMING LLC 5 TIMOTHY LANE STRATHAM NH 03079 false X false false false false false false false false false PETER RAMSEY CEO 207875 25000 14613 247488 FORM 990 - ORGANIZATION'S MISSION TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. FORM 990, PAGE 2, PART III, LINE 4A ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATIO CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION. FORM 990, PAGE 6, PART VI, LINE 4 THE SUMMARY OF CHANGES APPROVED TO THE BYLAWS WERE: - I.8, 10, AND 11 - ADDED OPTION FOR VIDEOCONFERENCE OR HYBRID FOR ANNUAL, REGULAR, AND SPECIAL MEETINGS. - I.19 - CLARIFIED THAT BOARD ESTABLISHED NEW COMMITTEES, BOARD CHAIR SELECT COMMITTEE MEMBERS II-A - ELIMINATED ALTERNATIVE NAMES FOR DIRECTORS EMERITUS II-A.2 - ALLOWS DIRECTORS TO REMOVE A DIRECTOR EMERITUS II-A. 3 - DIRECTOR EMERITUS MEETING ON SAME DAY AS ANNUAL MEETING OR ANOTHER DATE SET BY BOARD CHAIR II-A.4 - CONFIRMED, AGAIN, THAT DIRECTORS EMERITUS HAVE NO VOTE III.7 - REMOVED SOME TASKS FROM TREASURER XI - CLARIFIED WHAT THE 75% VOTE MEANS TO MORTGAGE PROPERTY FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 GETS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD APPROVES ANNUAL SPENDING TO CERTAIN RELATED BUSINESSES, PROVIDED THAT THE TRANSACTIONS OCCUR AT ARMS LENGTH AND THE COMPENSATION FOR SUCH GOODS/SERVICES DOES NOT EXCEED MARKET VALUE OF SMILIAR GOODS/SERVICES. IN ADDITION, ON AN ANNUAL BASIS, THE CEO REPORTS ON THE AMOUNTS PAID TO THE RELATED ENTITIES AND SEEKS BOARD APPROVAL FOR THE UPCOMING FISCAL YEAR. A PUBLIC NOTICE OF SUCH TRANSACTIONS IS PUBLISHED IN THE LOCAL NEWPAPER(S). FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION COMPARES SALARIES TO EXECUTIVE DIRECTORS OF OTHER THEATRES ON A PERIODIC BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION COMPARES SALARIES TO OTHER COMPARABLE POSITIONS ON A PERIODIC BASIS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION KEEPS ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AT ITS HEADQUARTERS, AND MAKES THEM AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST OF INTERESTED PARTIES. FORM 990, PART XI, LINE 9 CHANGE IN ENDOWMENT FUND RECEIVABLE 26,804 MERCHANDISE SALES - EXPENSES 98,245 MERCHANDISE SALES - EXPENSES -98,245 ASC 842 LEASE ADJUSTMENT -26,596 TOTAL 208