2021-11-15T10:33:34-06:00 2020-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2020-01-01 742589396 GEORGETOWN PALACE THEATRE INC GEOR 5128697469 810 SOUTH AUSTIN AVENUE GEORGETOWN TX 786265820 ART RODRIGUEZ PRESIDENT 5128697469 2021-10-29 1 ART RODRIGUEZ 999009999 SHARON M HERWALD CPA P00079864 2547724901 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ART RODRIGUEZ 810 SOUTH AUSTIN AVENUE GEORGETOWN TX 786265820 1393783 0 X WWW.GEORGETOWNPALACE.COM X 1989 TX TO ENHANCE THE QUALITY OF LIFE IN GEORGETOWN AND WILLIAMSON COUNTY BY PROVIDING A VENUE FOR QUAILTY ENTERTAINMENT AND EDUCATIONAL OPPORTUNITIES IN THE PERFORMING ARTS. 15 15 54 350 -3736 0 625953 892631 1629737 472107 2773 964 -16131 9283 2242332 1374985 0 0 0 0 700483 450316 0 0 0 1081182 827548 1781665 1277864 460667 97121 5862889 7076061 2303156 3418837 3559733 3657224 X TO ENHANCE THE QUALITY OF LIFE IN GEORGETOWN AND WILLIAMSON COUNTY BY PROVIDING A VENUE FOR QUAILTY ENTERTAINMENT AND EDUCATIONAL OPPORTUNITIES IN THE PERFORMING ARTS. 0 0 990157 243107 PRODUCTION OF PLAYS - DURING THE 2020 PRODUCTION SEASON THE ORGANIZATION PRODUCED 23 PLAYS THAT WERE ATTENDED BY APPROXIMATELY 9,677 PEOPLE. 200618 231474 PRODUCTION OF EDUCATIONAL WORKSHOPS - THE ORGANIZATION HELD 16 WORKSHOPS DURING 2020 THAT WERE ATTENDED BY 685 PEOPLE. 58 OPERATION OF GUILD ACTIVITIES - GUILD MEMBERS SUPPORT THE PALACE THEATRE BY HOSTING FIRSTNIGHTER PARTIES, CONDUCTING FUNDRAISING ACTIVITIES, AND PARTICIPATING IN LOCAL COMMUNITY ACTIVITIES SUCH AS PARADES AND BOOTHS AT COMMUNITY EVENTS. IN 2020 THE GUILD DID NOT PARTICIPATE IN ANY ACTIVITIES DUE TO COVID. PROVIDE A VENUE AND EDUCATIONAL OPPORTUNITIES FOR THE PERFORMING ARTS- DURING 2020, 16 EVENTS WERE HELD WITH 1,206 ATTENDEES. 1190775 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 54 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THILDE TARVER 5128697469 810 SOUTH AUSTIN AVENUE GEORGETOWN TX 78626 ART RODRIGUEZ PRESIDENT 30.00 X X 0 0 0 ED HARMES FIRST VICE PRESIDENT 4.00 X X 0 0 0 RUSS JERNIGAN 2ND VICE PRESIDENT 30.00 X X 0 0 0 GARY BROWN TREASURER 2.00 X X 0 0 0 SONJA ASENDORF SECRETARY 15.00 X X 0 0 0 MICHAEL DAVIS PAST PRESIDENT 25.00 X X 0 0 0 JOHN ARGERSINGER DIRECTOR 15.00 X 0 0 0 LARRY BAIRD DIRECTOR 2.00 X 0 0 0 DARRELL LOYLESS DIRECTOR 2.00 X 0 0 0 JILL LEBERKNIGHT DIRECTOR 4.00 X 0 0 0 CAROLYN HOLLOWAY DIRECTOR 4.00 X 0 0 0 RICK ROWDER DIRECTOR 2.00 X 0 0 0 DOUG SMITH DIRECTOR 2.00 X 0 0 0 KAREN TURPIN DIRECTOR 2.00 X 0 0 0 RON WATSON EXECUTIVE DIRECTOR 40.00 X 62538 0 0 62538 0 0 0 0 0 0 0 892631 892631 EDUCATION INCOME 711110 231474 231474 BOX OFFICE INCOME 711110 204583 204583 TICKET ORDER & EXCHANG 711110 20295 20295 SEASON TICKET INCOME 711110 13579 13579 GIFT CERTIFICATES 711110 1958 1958 218 218 472107 964 964 10629 142 10487 10487 10487 17452 18656 -1204 2532 -3736 1374985 474639 -3736 11451 X 62538 58160 4378 354498 329683 24815 33280 30950 2330 4300 4300 168131 167871 260 18281 18230 51 46949 32169 14780 229003 212973 16030 102588 95407 7181 146067 135842 10225 39132 36393 2739 PRODUCTION COSTS 73097 73097 1277864 1190775 87089 0 331392 226210 367927 836196 956 -20 10029 3900 7325957 1328002 5140765 5997955 11820 11820 5862889 7076061 7570 22011 1981260 3396692 314326 134 2303156 3418837 X 3559733 3367774 289450 3559733 3657224 5862889 7076061 97121 370 0 X X 0 1 X 0 0 X 641361 453513 942134 625953 892631 3555592 1250869 1317174 1502598 1655471 482408 6208520 1892230 1770687 2444732 2281424 1375039 9764112 142615 142615 0 142615 142615 9621497 52131 16882 27632 17644 11593 125882 52131 16882 27632 17644 11593 125882 7055 7055 24201 1971 2895 4061 33128 1968562 1789540 2482314 2303129 1386632 9930177 0.96890 0.98060 0.01270 0.01290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 390000 390000 6481937 993840 5488097 454020 334162 119858 5997955 PAYROLL TAX LIABILITIES 134 134 X 1393783 18798 18798 1374985 0 1374985 1296662 18798 18798 1277864 0 1277864 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS ALSO BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2020. FASB ASC SECTION 740, INCOME TAXES, REQUIRES EXTENSIVE DISCLOSURES ABOUT UNCERTAIN TAX POSITIONS. THE REQUIREMENTS OF THIS STANDARD ARE APPLICABLE TO NONPROFIT ORGANIZATIONS. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FASB ASC 450, CONTINGENCIES. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT'S JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ENGAGED IN ANY SITUATION THAT WOULD RESULT IN AN UNCERTAIN TAX POSITION. AS A RESULT, MANAGEMENT DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS CURRENTLY EXIST AND THEREFORE, NO LOSS CONTINGENCY HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE LAST THREE TAX YEARS REMAIN OPEN TO EXAMINATION BY THE MAJOR TAXING JURISDICTIONS IN WHICH THE COMPANY FILES INCOME TAX RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 10,887. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 7,769. RENTAL RELATED CONTRACT SERVICES OFFSET AGAINST REVENUE ON 990 142. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 10,887. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 7,769. RENTAL RELATED CONTRACT SERVICES OFFSET AGAINST REVENUE ON 990 142. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AT A MONTHLY BOARD MEETING PRIOR TO FILING OR A COPY IS EMAILED TO BOARD MEMBERS IF THE RETURN IS NOT AVAILABLE FOR REVIEW AT A REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MONITORS CONFLICTS OF INTEREST ANNUALLY FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEWED AND APPROVED BY BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE EXECUTIVE DIRECTOR AND ARTISTIC DIRECTOR POSITIONS HAVE CONTRACTS FOR EMPLOYMENT THAT ARE REVIEWED AND/OR RENEWED ANNUALY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PRODUCTION RELATED CONTRACT LABOR: PROGRAM SERVICE EXPENSES 42,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,875. ARTISTIC DIRECTOR: PROGRAM SERVICE EXPENSES 3,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,780. PRODUCTION DIRECTOR: PROGRAM SERVICE EXPENSES 5,475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,475. PRODUCTION MANAGER: PROGRAM SERVICE EXPENSES 6,465. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,465. VOCAL/DANCE: PROGRAM SERVICE EXPENSES 15,618. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,618. ORCHESTRA/BAND: PROGRAM SERVICE EXPENSES 66,095. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,095. LIGHTING/SOUND: PROGRAM SERVICE EXPENSES 13,743. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,743. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 9,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,572. LOBBY LABOR: PROGRAM SERVICE EXPENSES 122. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122. CHILD WORKSHOP: PROGRAM SERVICE EXPENSES 665. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 665. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 3,461. MANAGEMENT AND GENERAL EXPENSES 260. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,721. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.