2017-02-14T09:06:17-05:00 2016-06-30 141731700 MICHAEL A TOBIN & ASSOCIATES CPA'S PC 40 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2015-07-01 141708151 THE PALACE PERFORMING ARTS CENTER INC PALA 5184653334 19 CLINTON AVENUE ALBANY NY 12207 STEVEN N FISCHER TREASURER 5184653334 2017-01-31 true MICHAEL A TOBIN II P00248170 5187833100 2017-02-04 2015 2021-01-29 14:40:06Z ALAN GOLDBERG 19 CLINTON AVENUE ALBANY NY 12207 4060309 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 15 106 250 0 163147 278910 4264316 3650342 -37120 1327 34135 85324 4424478 4015903 0 0 989988 1435721 0 378563 3085220 2559097 4075208 3994818 349270 21085 2880569 2689234 1848738 1636318 1031831 1052916 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. false false 3098248 3381291 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY. 3098248 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 false false false false false false false false false false false false false false false false false false true 95 0 true 106 true false false false false false true true false false false false X 15 15 true false false false false false false true true false false true true true true true true true true false NY X SCOTT ALLEN 5184653334 19 CLINTON AVENUE ALBANY NY 12207 ALAN GOLDBERG PRESIDENT 0.50 X X 0 0 0 JEFF SPERBER VICE PRESIDE 0.50 X X 0 0 0 STEVEN N FISCHER TREASURER 0.50 X X 0 0 0 STEVE BABOULIS BOARD MEMBER 0.25 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 STEPHEN JANACK 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 JEFFREY STONE BOARD MEMBER 0.25 X 0 0 0 MICHELE L VENNARD BOARD MEMBER 0.25 X 0 0 0 HOLLY BROWN EXECUTIVE DI 40.00 X 132830 0 9705 132830 9705 1 false false false 8000 270910 278910 PROGRAM REVENUE 3381291 3381291 ADVERTISING 269051 269051 3650342 1327 1327 128881 44406 84475 84475 MISCELLANEOUS REVENUE 849 849 849 4015903 3650342 86651 125000 93750 31250 1067600 552370 244792 270438 144157 75527 37018 31612 98964 56190 19255 23519 2852 2852 31395 31395 23791 17428 4750 1613 48910 48910 995 995 18918 7337 3008 8573 8797 3679 5118 55008 37539 17469 14248 7951 6297 OTHER EVENT EXPENSES 848100 848100 ARTIST & PROMOTER FEES 570477 570477 OUTSIDE LABOR 384110 384110 MEDIA & MARKETING 196440 196440 355056 198440 113808 42808 3994818 3098248 518007 378563 460676 263775 1652022 792406 76735 215217 14466 24317 92888 62394 1604286 305365 541340 1298921 42442 32204 2880569 2689234 1598692 960958 84607 203371 165439 471989 1848738 1636318 X 1031831 1052916 1031831 1052916 2880569 2689234 21085 X false true X true false X 72642 77290 225347 163147 278910 817336 72642 77290 225347 163147 278910 817336 817336 416 399 169 357 1327 2668 11000 58023 19537 34135 85324 208019 1028023 11397704 0.79510 0.81940 X PART II, LINE 10 MISCELLANEOUS REVENUE 3,581 NET INCOME FROM FUNDRAISING EVENTS 204,438 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 625822 625822 463523 112399 351124 393344 192458 200886 121597 508 121089 1298921 X 3932416 44406 44406 3888010 127893 127893 4015903 3911331 44406 44406 3866925 127893 127893 3994818 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 OF PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. THE ORGANIZATION 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. NONE OF THE PALACE'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EXPENSES, NET TO REVENUE 44,406 SCHEDULE D, PAGE 4, PART XI, LINE 4B MERCHANDISE COSTS NETTED AGAINST REVENUE 127,893 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES, NET TO REVENUE 44,406 SCHEDULE D, PAGE 4, PART XII, LINE 4B MERCHANDISE COSTS NETTED AGAINST REVENUE 127,893 GALA 128881 128881 44406 128881 128881 44406 44406 84475 FORM 990, PAGE 6, PART VI, LINE 2 ALBANY CTY. CONVEN. & VISITORS BUR. PALACE THEATRE PRESIDENT E.D./OFFICER ED OF PALACE IS ON BD OF ACCVB FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PRESENTED TO THE TREASURER FOR APPROVAL AND DISCUSSED WITH THE BOARD OF DIRECTORS. 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 UTILIZED AN OUTSIDE FIRM TO CONDUCT THE SEARCH FOR AN EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS, WITH THE HELP OF THE SEARCH FIRM, DETERMINED AN APPROPRIATE LEVEL OF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B SAME AS IN 15A. 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 FUNDRAISING EXPENSES, NET TO REVENUE 44,406 MERCHANDISE COSTS NETTED AGAINST REVENUE -127,893 FUNDRAISING EXPENSES, NET TO REVENUE -44,406 MERCHANDISE COSTS NETTED AGAINST REVENUE 127,893