2021-02-12T08:49:16-06:00 2020-06-30 141731700 MICHAEL A TOBIN & ASSOCIATES CPA'S PC 40 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2019-07-01 141708151 THE PALACE PERFORMING ARTS CENTER INC PALA 5184653335 19 CLINTON AVENUE ALBANY NY 12207 JEFFREY STONE TREASURER 5184653335 2020-02-11 true MICHAEL A TOBIN II P00248170 5187833100 2021-02-12 2019 2022-09-23 18:48:47Z STEPHEN P BABOULIS 715 NORTH PEARL STREET ALBANY NY 12204 3499102 false X WWW.PALACEALBANY.ORG X 1988 NY TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. 14 14 101 225 0 242644 137106 6200064 3277130 12767 3382 287 49592 6455762 3467210 0 0 1724808 1352425 0 131345 5724655 2329667 7449463 3682092 -993701 -214882 4036097 3613053 2837835 2629673 1198262 983380 X TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. false false 2427217 3277130 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. TO OPERATE THE PALACE THEATER AND FULLY UTILIZE ITS CULTURAL AND CIVIC VALUE TO THE COMMUNITY. 2427217 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 63 0 true 101 true false false false false false true true false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true false false NY X JULIA ELBAUM 5184653335 19 CLINTON AVENUE ALBANY NY 12207 STEPHEN P BABOULIS CHAIRMAN 0.50 X X 0 0 0 JOHN BENNETT MD VICE CHAIRMA 0.25 X 0 0 0 JEFFREY STONE TREASURER 0.50 X X 0 0 0 ALAN GOLDBERG CHAIRMAN EME 0.50 X X 0 0 0 WALTER BORISENOK BOARD MEMBER 0.25 X 0 0 0 PHILIP CALDERONE BOARD MEMBER 0.25 X 0 0 0 THOMAS E D'AMBRA BOARD MEMBER 0.25 X 0 0 0 MARK EAGAN BOARD MEMBER 0.25 X 0 0 0 GEORGE R HEARST III BOARD MEMBER 0.25 X 0 0 0 KEVIN O'CONNOR BOARD MEMBER 0.25 X 0 0 0 MARILYN PENDERGAST BOARD MEMBER 0.25 X 0 0 0 DOMINICK PURNOMO BOARD MEMBER 0.25 X 0 0 0 KATHY M SHEEHAN BOARDMEMBER 0.25 X 0 0 0 RANDOLPH F TREECE BOARDMEMBER 0.25 X 0 0 0 WILLIAM PISKUTZ EXECUTIVE DI 40.00 X 134714 0 0 SUSAN FOGARTY EXECUTIVE DI 0.00 X 106025 0 0 JULIA ELBAUM DIRECTOR OF 40.00 X 125178 0 0 DANIEL TAYLOR DIRECTOR-OPE 40.00 X 108566 0 0 474483 4 true false false 137106 137106 PROGRAM REVENUE 3094280 3094280 ADVERTISING 171183 171183 CONTRACT SERVICE 11667 11667 3277130 3382 3382 81419 31892 49527 49527 MISCELLANEOUS REVENUE 65 65 65 3467210 3277130 52974 140888 105666 35222 933943 209163 634807 89973 186616 54662 116333 15621 90978 26648 56714 7616 12896 12896 18530 18530 2821 2821 18220 10605 2475 5140 102 102 6472 6472 22277 22277 78688 59488 19200 148337 26250 122087 OTHER EVENT EXPENSES 697252 697252 ARTIST & PROMOTER FEES 628098 628098 OUTSIDE LABOR 267812 267812 MEDIA & MARKETING 154650 154650 273512 186923 73594 12995 3682092 2427217 1123530 131345 1039236 798029 218062 311987 157054 131092 32591 121860 111314 2691589 578028 2164364 2113561 273589 125830 29341 21240 4036097 3613053 1500377 984720 218627 84979 1118831 1559974 2837835 2629673 X 1198262 983380 1198262 983380 4036097 3613053 X -214882 X false true X true false X 278910 338766 1218980 242644 137106 2216406 278910 338766 1218980 242644 137106 2216406 2216406 1327 79 6624 12767 3382 24179 85324 114441 98823 287 65 298940 2539525 14632204 0.87280 0.86360 X PART II, LINE 10 MISCELLANEOUS REVENUE 12,446 NET INCOME FROM FUNDRAISING EVENTS 286,429 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 657456 657456 840934 54310 786624 468983 169913 299070 417649 330399 87250 306567 23406 283161 2113561 X 3499102 31892 31892 3467210 3467210 3713984 31892 31892 3682092 3682092 SCHEDULE D, PAGE 3, PART X THE PALACE HAS ADOPTED FASB ASC 740-10.25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE PALACE FILES FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. FORM 990 IS FILED SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. THE PALACE BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUND RAISING EXPENSES, NETTED TO REVENUE 31,892 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND RASING EXPENSES, NETTED TO REVENUE 31,892 GALA 81419 81419 31892 81419 81419 31892 31892 49527 X X false false false false false false false false false SUSAN FOGARTY EXECUTIVE DIRECTOR 106025 106025 FORM 990, PAGE 2, PART III, LINE 4D TO OPERATE THE PALACE THEATER AND FULLY UTILIZE ITS CULTURAL AND CIVIC VALUE TO THE COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO FILL OUT ANNUAL QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 FUND RAISING EXPENSES, NETTED TO REVENUE 31,892 FUND RASING EXPENSES, NETTED TO REVENUE -31,892