PALACE PERFORMING ARTS CENTER INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PALACE PERFORMING ARTS CENTER INC (EIN 14-1708151)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-09
- IRS object ID
- 202521299349300027
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-09T08:13:38-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 141798364 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOJESKI & COMPANY CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 159 WOLF RD | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141708151 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PALACE PERFORMING ARTS CENTER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PALA | BusinessNameControlTxt |
| Phone | 5184653335 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 CLINTON AVENUE | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12207 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WALDER ST JEAN | PersonNm |
| Person Title | BOARD TREASURER | PersonTitleTxt |
| Phone | 5184653335 | PhoneNum |
| Signature | 2025-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY BUDESHEIM CPA | PreparerPersonNm |
| PTIN | P01068083 | PTIN |
| Phone | 5184771102 | PhoneNum |
| Preparation | 2025-05-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WADLER ST JEAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 CLINTON AVENUE | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12207 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,561,436 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PALACEALBANY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO OPERATE THE HISTORIC PALACE THEATER A 2,800-SEAT CULTURAL AND ENTERTAINMENT FACILITY THAT IS LOCATED IN ALBANY, NY. THE ORGANIZATION WORKS TO ORGANIZE CULTURAL AND ENTERTAINMENT EVENTS PRESENTING AFFORDABLE, DIVERSE, QUALITY, POPULAR PERFORMING ARTS FOR PEOPLES OF ALL AGES, ETHNICITIES AND MEANS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 104 | TotalEmployeeCnt |
| Total Volunteers | 120 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $112,760 | PYContributionsGrantsAmt |
| CY Contributions Grants | $734,058 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,839,923 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,648,838 | CYProgramServiceRevenueAmt |
| PY Investment Income | $104,296 | PYInvestmentIncomeAmt |
| CY Investment Income | $170,010 | CYInvestmentIncomeAmt |
| PY Other Revenue | $159,122 | PYOtherRevenueAmt |
| CY Other Revenue | $8,530 | CYOtherRevenueAmt |
| PY Total Revenue | $4,216,101 | PYTotalRevenueAmt |
| CY Total Revenue | $4,561,436 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,201,963 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,289,329 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $51,938 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,865,931 | PYOtherExpensesAmt |
| CY Other Expenses | $2,614,250 | CYOtherExpensesAmt |
| PY Total Expenses | $4,067,894 | PYTotalExpensesAmt |
| CY Total Expenses | $3,903,579 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $148,207 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $657,857 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,460,484 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,995,965 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,441,587 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,602,037 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,018,897 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,393,928 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO OPERATE THE HISTORIC PALACE THEATER A 2,800-SEAT CULTURAL AND ENTERTAINMENT FACILITY THAT IS LOCATED IN ALBANY, NY. THE ORGANIZATION WORKS TO ORGANIZE CULTURAL AND ENTERTAINMENT EVENTS PRESENTING AFFORDABLE, DIVERSE, QUALITY, POPULAR PERFORMING ARTS FOR PEOPLES OF ALL AGES, ETHNICITIES AND MEANS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,926,363 | ExpenseAmt |
| Revenue | $3,747,897 | RevenueAmt |
| Desc | TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. | Desc |
| Total Program Service Expenses | $2,926,363 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 59 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 104 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5184653335 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 CLINTON AVENUE | AddressLine1Txt |
| City | ALBANY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12207 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| STEPHEN BABOULIS | |||||||
| CHAIRMAN | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN BENNETT MD | |||||||
| VICE CHAIRMAN | 0.25 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JEFFREY STONE | |||||||
| TREASURER | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES BARBA | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| PHILIP CALDERONE | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS E D'AMBRA PHD | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE R HEARST III | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| MARILYN PENDERGAST | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| DOMINICK PURNOMO | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| HONORABLE RANDOLPH F TREECE | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| WADLER ST JEAN | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| LEOLA EDELIN | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| MARK EAGAN | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| DAN MCCOY | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| HONORABLE KATHY M SHEEHAN | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| ALAN P GOLDBERG | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| JULIA ELBAUM | |||||||
| DIRECTOR OF FINANCE | 40.00 | Yes (X) | $163,032 | $0 | $27,204 | ||
| DANIEL TAYLOR | |||||||
| GENEARL MANAGER | 40.00 | Yes (X) | $125,560 | $0 | $4,638 | ||
| KEVIN JOHNSON | |||||||
| EXECUTIVE DIRECTOR | 40.00 | $173,846 | $0 | $6,127 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $462,438 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $37,969 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $90,529 | FundraisingAmt |
| Government Grants | $515,000 | GovernmentGrantsAmt |
| All Other Contributions | $128,529 | AllOtherContributionsAmt |
| Total Contributions | $734,058 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM REVENUE | 900099 | $3,409,452 | $3,409,452 |
| ADVERTISING | 900099 | $217,094 | $217,094 |
| CONTRACT SERVICE REVEN | 900099 | $22,292 | $22,292 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,648,838 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,010 | TotalRevenueColumnAmt |
| Exclusion | $170,010 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $8,530 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,530 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,530 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,561,436 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,657,368 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $170,010 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,088,085 | TotalAmt |
| Program Services | $465,410 | ProgramServicesAmt |
| Management And General | $588,289 | ManagementAndGeneralAmt |
| Fundraising | $34,386 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,844 | TotalAmt |
| Program Services | $46,869 | ProgramServicesAmt |
| Management And General | $59,512 | ManagementAndGeneralAmt |
| Fundraising | $3,463 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,400 | TotalAmt |
| Program Services | $39,210 | ProgramServicesAmt |
| Management And General | $49,293 | ManagementAndGeneralAmt |
| Fundraising | $2,897 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,359 | TotalAmt |
| Management And General | $3,359 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $978 | TotalAmt |
| Management And General | $978 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,977 | TotalAmt |
| Management And General | $24,977 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,659 | TotalAmt |
| Management And General | $17,659 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,800 | TotalAmt |
| Management And General | $10,800 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,099 | TotalAmt |
| Management And General | $1,099 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,397 | TotalAmt |
| Program Services | $88,318 | ProgramServicesAmt |
| Management And General | $22,079 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,265 | TotalAmt |
| Program Services | $77,043 | ProgramServicesAmt |
| Management And General | $29,222 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DIRECT EVENT EXPENSES | $1,785,460 | $1,785,460 | |
| REPAIRS & MAINTENANCE | $226,595 | $188,833 | $37,762 |
| UTILITIES | $123,091 | $114,732 | $8,359 |
| INTEREST & BANK FEES | $45,967 | $28,528 | $17,439 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,603 | TotalAmt |
| Program Services | $91,960 | ProgramServicesAmt |
| Management And General | $54,451 | ManagementAndGeneralAmt |
| Fundraising | $11,192 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,903,579 | TotalAmt |
| Program Services | $2,926,363 | ProgramServicesAmt |
| Management And General | $925,278 | ManagementAndGeneralAmt |
| Fundraising | $51,938 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,006 | BOYAmt |
| EOY | $112,223 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,401,279 | BOYAmt |
| EOY | $2,706,659 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,861 | BOYAmt |
| EOY | $201,734 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,063 | BOYAmt |
| EOY | $37,533 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,871 | BOYAmt |
| EOY | $63,622 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,257,282 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $912,158 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,363,825 | BOYAmt |
| EOY | $2,345,124 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $964,351 | BOYAmt |
| EOY | $2,528,044 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,228 | BOYAmt |
| EOY | $1,026 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,460,484 | BOYAmt |
| EOY | $7,995,965 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,281 | BOYAmt |
| EOY | $543,141 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,209,926 | BOYAmt |
| EOY | $1,458,896 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $955,380 | BOYAmt |
| EOY | $600,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,441,587 | BOYAmt |
| EOY | $2,602,037 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | -$282,826 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,018,897 | BOYAmt |
| EOY | $5,393,928 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,460,484 | BOYAmt |
| EOY | $7,995,965 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $657,857 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$282,830 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $137,106 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,955,346 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,609,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $112,760 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $643,529 | CurrentTaxYearAmt |
| Total | $5,458,357 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $137,106 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,955,346 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,609,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $112,760 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $643,529 | CurrentTaxYearAmt |
| Total | $5,458,357 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $5,458,357 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,382 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $261 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,155 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $104,296 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $170,010 | CurrentTaxYearAmt |
| Total | $279,104 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $65 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $8,530 | CurrentTaxYearAmt |
| Total | $8,595 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,746,056 | TotalSupportAmt |
| Public Support CY170 | 0.94990 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97640 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $946,780 | OtherCostOrOtherBasisAmt |
| Book Value | $946,780 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $840,934 | OtherCostOrOtherBasisAmt |
| Depreciation | $138,403 | DepreciationAmt |
| Book Value | $702,531 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $843,667 | OtherCostOrOtherBasisAmt |
| Depreciation | $284,340 | DepreciationAmt |
| Book Value | $559,327 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $625,901 | OtherCostOrOtherBasisAmt |
| Depreciation | $489,415 | DepreciationAmt |
| Book Value | $136,486 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,345,124 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS | Desc |
| Book Value | $2,528,044 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $2,528,044 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,554,441 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $4 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,554,437 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $6,999 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $6,999 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,561,436 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,896,580 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,896,580 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $6,999 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $6,999 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,903,579 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PALACE HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE PALACE'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THE PALACE HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2024. THE PALACE'S INFORMATION RETURN FILINGS ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. THE PALACE IS NO LONGER SUBJECT TO EXAMINATIONS BY TAXING AUTHORITIES FOR THE FISCAL YEARS ENDING PRIOR TO JUNE 30, 2021. CURRENTLY THERE ARE NO EXAMINATIONS IN PROGRESS NOR HAS THE PALACE BEEN INFORMED OF ANY PENDING EXAMINATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JULIA ELBAUM | ||||||||||||||
| DIRECTOR OF FINANCE | $163,032 | $0 | $0 | $0 | $0 | $0 | $4,891 | $0 | $22,313 | $0 | $190,236 | $0 | $0 | $0 |
| KEVIN JOHNSON | ||||||||||||||
| EXECUTIVE DIRECTOR | $173,846 | $0 | $0 | $0 | $0 | $0 | $5,215 | $0 | $912 | $0 | $179,973 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO FILL OUT ANNUAL QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PALACE'S HIRING PROCESS FOR THE CURRENT EXECUTIVE DIRECTOR WAS CONDUCTED BY THE EXECUTIVE COMMITTEE WITH A PHONE VOTE HELD FOR THE FULL BOARD. THE APPROPRIATE LEVEL OF COMPENSATION WAS DETERMINED BY TWO BOARD MEMBERS WITH APPROVAL BY THE FULL BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CONSTRUCTION IN PROGRESS IMPAIRMENT LOSS -282,830. |
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