2016-11-08T11:22:57-06:00 2015-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2015-01-01 742589396 GEORGETOWN PALACE THEATRE INC GEOR 5128697469 P O BOX 1516 GEORGETOWN TX 786271516 ARDEN TREVINO PRESIDENT 5128697469 2016-10-28 1 SHARON M HERWALD CPA P00079864 2547724901 2015 2017-02-10 21:41:12Z ARDEN TREVINO P O BOX 1516 GEORGETOWN TX 786271516 1773915 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. 17 17 62 500 -3068 -3068 174230 460263 1036443 1211074 1430 1029 -4038 4301 1208065 1676667 0 0 0 0 458913 553273 0 0 0 795314 872555 1254227 1425828 -46162 250839 1707972 1947303 522848 511340 1185124 1435963 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 1287078 881783 PRODUCTION OF PLAYS - DURING THE 2015 PRODUCTION SEASON THE ORGANIZATION PRODUCED 14 PLAYS THAT WERE ATTENDED BY APPROXIMATELY 43,268 PEOPLE. 23913 314540 PRODUCTION OF EDUCATIONAL WORKSHOPS - THE ORGANIZATION HELD 42 WORKSHOPS DURING 2015 THAT WERE ATTENDED BY 687 PEOPLE. 8182 5153 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 2015 THE ORGANIZATION PARTICIPATED IN 3 LOCAL COMMUNITY ACTIVITIES WITH APPROXIMATELY 750 ATTENDEES. PROVIDE A VENUE AND EDUCATIONAL OPPORTUNTIES FOR THE PERFORMING ARTS. THE ORGANIZATION PRESENTED 9 OPPORTUNITIES IN 2015, ATTENDED BY APPROXIMATELY 1800 PERSONS. 1319173 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 80 0 1 62 1 0 0 0 0 0 1 1 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TANZA SMITH 5128697469 810 SOUTH AUSTIN AVENUE GEORGETOWN TX 78626 AREDEN TREVINO PRESIDENT 30.00 X X 0 0 0 ART RODRIGUEZ 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 SONIA ASENDORF SECRETARY 15.00 X X 0 0 0 MICHAEL DAVIS PAST PRESIDENT 10.00 X X 0 0 0 JOHN ARGERSINGER DIRECTOR 15.00 X 0 0 0 LARRY BAIRD DIRECTOR 2.00 X 0 0 0 JOHN CARNES DIRECTOR 25.00 X 0 0 0 BARBARA DORRAH DIRECTOR 4.00 X 0 0 0 PHILIP DORRAH DIRECTOR 4.00 X 0 0 0 ED HARMES DIRECTOR 30.00 X 0 0 0 RICK ROWDER DIRECTOR 2.00 X 0 0 0 DOUG SMITH DIRECTOR 2.00 X 0 0 0 DAVID TREVINO DIRECTOR 2.00 X 0 0 0 KARIN TRUXILLO DIRECTOR 2.00 X 0 0 0 KAREN TURPIN DIRECTOR 2.00 X 0 0 0 MARISSA AUSTIN EXECUTIVE DIRECTOR 40.00 X 55839 0 0 55839 0 0 0 0 0 0 0 460263 460263 BOX OFFICE INCOME 711110 725000 725000 EDUCATION INCOME 711110 314540 314540 SEASON TICKET INCOME 711110 160834 160834 GIFT CERTIFICATES 711110 5547 5547 GUILD INCOME 711110 5153 5153 1211074 1029 1029 16967 0 16967 16967 16967 57530 97248 -39718 -36650 -3068 MISCELLANEOUS REVENUE 900099 27052 27052 27052 1676667 1201476 -3068 17996 X 55839 51930 3909 457959 425902 32057 39475 36712 2763 15240 15240 260330 260001 329 35128 34736 392 50639 20174 30465 179564 166995 12569 1459 1459 1023 1023 22593 21011 1582 78660 73154 5506 25740 23938 1802 PRODUCTION COSTS 202179 202138 41 1425828 1319173 106655 0 44865 519561 347815 148758 1650 1650 2199029 922121 1313216 1276908 176 176 250 250 1707972 1947303 7046 9380 506339 481850 9463 20110 522848 511340 X 1046468 1042756 138656 393207 1185124 1435963 1707972 1947303 250839 0 X X 0 1 X 1 0 X 73395 113972 301035 174230 460263 1122895 443855 975370 913098 1062366 1235716 4630405 517250 1089342 1214133 1236596 1695979 5753300 0 0 0 5753300 351 698 1330 1430 1029 4838 351 698 1330 1430 1029 4838 -372 -11159 -3068 -14599 8590 36302 44019 88911 517601 1090040 1223681 1263169 1737959 5832450 0.98640 0.99200 0.00080 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 1882244 771952 1110292 296785 150169 146616 1276908 PAYROLL TAX LIABILITIES 20110 20110 X 1773915 97248 97248 1676667 0 1676667 1523076 97248 97248 1425828 0 1425828 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, 2015. 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 ORGANIZATIONS FILE ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF TEXAS. 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 35,956. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 61,292. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 35,956. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 61,292. FORM 990, PART VI, SECTION B, LINE 11 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 1,117. MANAGEMENT AND GENERAL EXPENSES 21. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,138. PRODUCTION DIRECTOR: PROGRAM SERVICE EXPENSES 16,503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,503. PRODUCTION MANAGER: PROGRAM SERVICE EXPENSES 18,563. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,563. VOCAL/DANCE: PROGRAM SERVICE EXPENSES 26,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,976. ORCHESTRA/BAND: PROGRAM SERVICE EXPENSES 120,531. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,531. LIGHTING/SOUND: PROGRAM SERVICE EXPENSES 35,974. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,974. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 24,687. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,687. LOBBY LABOR: PROGRAM SERVICE EXPENSES 3,065. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,065. CHILD WORKSHOP: PROGRAM SERVICE EXPENSES 8,490. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,490. OTHER PRODUCTION RELATED CONTRACT LABOR: PROGRAM SERVICE EXPENSES 4,095. MANAGEMENT AND GENERAL EXPENSES 308. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,403. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.