2018-12-31T12:15:12-05:00 2018-06-30 141731700 MICHAEL A TOBIN & ASSOCIATES CPA'S PC 40 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2017-07-01 141708151 THE PALACE PERFORMING ARTS CENTER INC PALA 5184653334 19 CLINTON AVENUE ALBANY NY 12207 JEFFREY STONE TREASURER 5184653334 2018-12-21 true MICHAEL A TOBIN II P00248170 5187833100 2018-12-21 184.74.32.146 2018-12-31 11:15:12 CS P 2B6700D27CF0DC7C7E050601CB0CC387CB102961 5C82FF0340A69AFCCFB90AD543108E02C8A2D30B 2017 2019-02-21 02:37:17Z ALAN GOLDBERG 19 CLINTON AVENUE ALBANY NY 12207 6515769 false X WWW.PALACEALBANY.COM X 1988 NY TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. 15 15 141 250 0 338766 1218980 4928495 5155010 79 6624 114441 99824 5381781 6480438 0 0 1445447 1614868 0 249411 3716366 3946491 5161813 5561359 219968 919079 2690877 5037058 1417993 2845095 1272884 2191963 X TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. false false 4644036 5155010 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. 4644036 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 136 0 true 141 true false false false false false true true false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false NY X JULIA ELBAUM 5184653334 19 CLINTON AVENUE ALBANY NY 12207 ALAN GOLDBERG BOARD CHAIRM 0.50 X X 0 0 0 JEFFREY STONE TREASURER 0.50 X X 0 0 0 STEVE BABOULIS VICE PRESIDE 0.25 X X 0 0 0 JOHN BENNETT MD BOARD MEMBER 0.25 X 0 0 0 WALT BORISENOK BOARD MEMBER 0.25 X 0 0 0 PHIL CALDERONE BOARD MEMBER 0.25 X 0 0 0 THOMAS 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 MICHELE L VENNARD SECRETARY 0.25 X X 0 0 0 KATHY M SHEEHAN BOARD MEMBER 0.25 X 0 0 0 RANDOLPH F TREECE BOARD MEMBER 0.25 X 0 0 0 SUSAN FOGARTY EXECUTIVE DI 40.00 X 30384 0 0 HOLLY BROWN EXECUTIVE DI 40.00 X 141656 0 0 SARI O'CONNOR EXEC. OPER. X 116256 0 0 288296 2 true false false 1218980 1218980 PROGRAM REVENUE 4658283 4658283 ADVERTISING 307428 307428 CONTRACT SERVICE 118958 118958 EDUCATION SERVICE 70341 70341 5155010 6624 6624 125873 35331 90542 90542 MISCELLANEOUS REVENUE 9282 9282 9282 6480438 5155010 106448 112542 82400 30142 1218475 929412 114832 174231 174765 129206 23310 22249 109086 86572 7607 14907 34123 34123 90096 90096 47964 5000 40972 1992 65282 22062 42742 478 1601 1601 12023 6264 4562 1197 24329 21629 2700 75175 54638 20537 89730 25232 64498 ARTIST & PROMOTER FEES 1236676 1236676 OTHER EVENT EXPENSES 1174348 1173738 610 OUTSIDE LABOR 380744 380744 MEDIA & MARKETING 222469 222469 491931 267994 189580 34357 5561359 4644036 667912 249411 266720 177731 692730 1279311 208463 219218 22442 23808 70987 100232 2602241 421021 1374154 2181220 1011427 55381 44111 2690877 5037058 821814 1528812 182426 169289 413753 1146994 1417993 2845095 X 1272884 1187575 1004388 1272884 2191963 2690877 5037058 919079 X false true X true false X 225347 163147 278910 338766 1218980 2225150 225347 163147 278910 338766 1218980 2225150 2225150 169 357 1327 79 6624 8556 19537 34135 85324 114441 98823 352260 2585966 7843194 0.86050 0.77540 X PART II, LINE 10 MISCELLANEOUS REVENUE 14,270 NET INCOME FROM FUNDRAISING EVENTS 337,990 657206 657206 840934 12264 828670 468983 140906 328077 400702 265309 135393 234416 2542 231874 2181220 X 6376543 35331 35331 6341212 139226 139226 6480438 5457464 35331 35331 5422133 139226 139226 5561359 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 ORGANIZATION BELIEVES THAT THERE ARE NO TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OR THE REPORTING DATE. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUND RAISING EXPENSES, NETTED TO REVENUE 35,331 SCHEDULE D, PAGE 4, PART XI, LINE 4B MERCHANDISE COSTS NETTED AGAINST REVENUE 139,226 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND RAISING EXPENSES, NETTED TO REVENUE 35,331 SCHEDULE D, PAGE 4, PART XII, LINE 4B MERCHANDISE COSTS NETTED AGAINST REVENUE 139,226 GALA 125873 125873 35331 125873 125873 35331 35331 90542 X X true false false false false false false false false HOLLY BROWN EXECUTIVE DIRECTOR 141656 141656 SARI O'CONNOR EXEC. OPER. OFFICER 116256 116256 SCHEDULE J, PAGE 1, PART I, LINE 4 HOLLY BROWN 31,250 0 0 SARI O'CONNOR 9,615 0 0 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 35,331 MERCHANDISE COSTS NETTED AGAINST REVENUE -139,226 FUND RAISING EXPENSES, NETTED TO REVENUE -35,331 MERCHANDISE COSTS NETTED AGAINST REVENUE 139,226