2018-11-15T11:00:07-06:00 2017-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2017-01-01 742589396 GEORGETOWN PALACE THEATRE INC GEOR 5128697469 P O BOX 1516 GEORGETOWN TX 786271516 ART RODRIGUEZ PRESIDENT 5128697469 2018-11-06 1 SHARON M HERWALD CPA P00079864 2547724901 24.155.125.28 2018-11-06 13:38:46 CS P 62807F9224A651F441EE1DF144502AE49AE0AF0B 62807F9224A651F441EE1DF144502AE49AE0AF0B 2017 2019-02-21 02:37:17Z ART RODRIGUEZ P O BOX 1516 GEORGETOWN TX 786271516 1850875 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. 14 14 102 750 -9357 -9357 641361 497269 1225383 1291633 408 961 75564 5225 1942716 1795088 0 0 0 0 589895 666637 0 0 0 943638 894344 1533533 1560981 409183 234107 2394676 2622443 457194 452363 1937482 2170080 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 1393416 979578 PRODUCTION OF PLAYS - DURING THE 2017 PRODUCTION SEASON THE ORGANIZATION PRODUCED 33 PLAYS THAT WERE ATTENDED BY APPROXIMATELY 44,747 PEOPLE. 45445 312259 PRODUCTION OF EDUCATIONAL WORKSHOPS - THE ORGANIZATION HELD 162 WORKSHOPS DURING 2017 THAT WERE ATTENDED BY 1,437 PEOPLE. 2208 342 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 2017 THE ORGANIZATION PARTICIPATED IN 24 LOCAL COMMUNITY ACTIVITIES WITH APPROXIMATELY 1,440 ATTENDEES. 1971 PROVISION OF VENUE AND EDUCATIONAL OPPORTUNITIES FOR THE PERFORMING ARTS - DURING 2017, THE ORGANIZATION PROVIDED 6 OPPORTUNITIES THAT WERE ATTENDED BY APPROXIMATELY 1,406 PEOPLE. 1971 1441069 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 1 0 0 0 0 0 0 0 0 1 75 0 1 102 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GRACE MATLOCK 5128697469 810 SOUTH AUSTIN AVENUE GEORGETOWN TX 78626 ART RODRIGUEZ PRESIDENT/EXECUTIVE DIRECT 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 NANCY MANNING EXECUTIVE DIRECTOR 40.00 X 27865 0 0 27865 0 0 0 0 0 0 0 497269 43756 497269 BOX OFFICE INCOME 711110 813904 813904 EDUCATION INCOME 711110 312259 312259 SEASON TICKET INCOME 711110 131771 131771 TICKET ORDER FEES 711110 22315 22315 GIFT CERTIFICATES 711110 10830 10830 554 554 1291633 961 961 15921 3856 12065 12065 12065 43120 51931 -8811 546 -9357 MISCELLANEOUS REVENUE 900099 1971 1971 1971 1795088 1294150 -9357 13026 X 40077 37272 2805 578342 537858 40484 48218 44843 3375 746 746 16188 16188 264041 261897 2144 42502 42207 295 72576 42824 29752 228668 212661 16007 377 377 323 323 22695 21106 1589 64890 60348 4542 27682 25744 1938 PRODUCTION COSTS 153656 153609 47 1560981 1441069 119912 0 819471 929810 53940 69107 6281 1780 1900 2623094 1037430 1488958 1585664 30277 29431 250 250 2394676 2622443 456177 436831 1017 15532 457194 452363 X 1266973 1331467 670509 838613 1937482 2170080 2394676 2622443 234107 -1509 0 X X 0 1 X 1 0 X 301035 174230 460263 641361 453513 2030402 913098 1062366 1235716 1250869 1317174 5779223 1214133 1236596 1695979 1892230 1770687 7809625 0 0 0 7809625 9903 13984 17996 52131 16882 110896 9903 13984 17996 52131 16882 110896 0 0 0 0 0 17 23748 27052 24201 1971 76989 1224053 1274328 1741027 1968562 1789540 7997510 0.97650 0.97880 0.01390 0.00070 X 160000 160000 1753831 791997 961834 354249 245433 108816 355014 355014 1585664 PAYROLL TAX LIABILITIES 250 DUE TO GEORGETOWN SYMPHONY 15282 15532 X 1849366 -1509 55787 54278 1795088 0 1795088 1616768 55787 55787 1560981 0 1560981 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, 2017. 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 ORGANIZATION FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION. 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 26,936. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 24,995. RENTAL RELATED CONTRACT SERVICES OFFSET AGAINST REVENUE ON 990 3,856. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 26,936. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 24,995. RENTAL RELATED CONTRACT SERVICES OFFSET AGAINST REVENUE ON 990 3,856. X STUDIO RENOVATION ITEMS 1 33756 0 0 0 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 HAVE CONTRACTS FOR EMPLOYMENT THAT ARE REVIEWED AND 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 1,885. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,885. PRODUCTION DIRECTOR: PROGRAM SERVICE EXPENSES 31,812. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,812. PRODUCTION MANAGER: PROGRAM SERVICE EXPENSES 26,725. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,725. VOCAL/DANCE: PROGRAM SERVICE EXPENSES 16,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,341. ORCHESTRA/BAND: PROGRAM SERVICE EXPENSES 74,065. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,065. LIGHTING/SOUND: PROGRAM SERVICE EXPENSES 43,124. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,124. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 26,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,118. LOBBY LABOR: PROGRAM SERVICE EXPENSES 500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 500. CHILD WORKSHOP: PROGRAM SERVICE EXPENSES 12,844. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,844. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 28,483. MANAGEMENT AND GENERAL EXPENSES 2,144. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,627. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.