2015-11-04T14:07:56-06:00 2014-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2014-01-01 742589396 GEORGETOWN PALACE THEATRE INC GEOR 5128697469 P O BOX 1516 GEORGETOWN TX 786271516 ARDEN TREVINO PRESIDENT 5128697469 2015-10-28 1 SHARON M HERWALD CPA P00079864 2547724901 2014 2016-03-07 17:11:31Z ARDEN TREVINO P O BOX 1516 GEORGETOWN TX 786271516 1297971 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 53 518 -11159 -11159 301035 174230 888611 1036443 1330 1430 -15685 -4038 1175291 1208065 0 0 0 0 427958 458913 0 0 0 645251 795314 1073209 1254227 102082 -46162 1800568 1707972 569282 522848 1231286 1185124 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 1135601 796317 PRODUCTION OF PLAYS - DURING THE 2014 PRODUCTION SEASON THE ORGANIZATION PRODUCED 8 PLAYS THAT WERE ATTENDED BY APPROXIMATELY 35,805 PEOPLE. 215828 PRODUCTION OF EDUCATIONAL WORKSHOPS - THE ORGANIZATION HELD 43 WORKSHOPS DURING 2014 THAT WERE ATTENDED BY 618 PEOPLE. 11733 7706 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. PROVIDE A VENUE AND EDUCATIONAL OPPORTUNITIES FOR THE PERFORMING ARTS - 40,095 PEOPLE ATTENDED 53 EVENTS HELD DURING 2014. 1147334 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 74 0 1 53 1 0 0 0 0 0 1 1 0 0 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 54019 0 0 54019 0 0 0 0 0 0 0 3500 170730 174230 BOX OFFICE INCOME 711110 663034 663034 EDUCATION INCOME 711110 215828 215828 SEASON TICKET INCOME 711110 146234 146234 GUILD INCOME 711110 7706 7706 GIFT CERTIFICATES 711110 3641 3641 1036443 1430 1430 12554 0 12554 12554 12554 49566 89906 -40340 -29181 -11159 MISCELLANEOUS REVENUE 900099 23748 23748 23748 1208065 1031010 -11159 13984 X 54019 50238 3781 371499 345494 26005 33395 31057 2338 21179 21179 250281 242240 8041 27985 27697 288 45389 20316 25073 163451 152009 11442 795 795 7579 7579 24043 22360 1683 74306 69105 5201 26607 24745 1862 PRODUCTION COSTS 153699 153699 1254227 1147334 106893 0 56028 44865 386465 347815 1650 1650 2156677 843461 1355999 1313216 176 176 250 250 1800568 1707972 23558 7046 539116 506339 6608 9463 569282 522848 X 1093506 1046468 137780 138656 1231286 1185124 1800568 1707972 -46162 0 X X 0 1 X 1 0 X 111025 73395 113972 301035 174230 773657 695863 443855 975370 913098 1062366 4090552 806888 517250 1089342 1214133 1236596 4864209 0 0 0 4864209 1824 351 698 1330 1430 5633 1824 351 698 1330 1430 5633 -372 -11159 -11531 8590 36302 44892 808712 517601 1090040 1223681 1263169 4903203 0.99200 0.99710 0.00110 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 1882244 698818 1183426 254433 144643 109790 1313216 PAYROLL TAX LIABILITIES 9463 9463 X 1297971 89906 89906 1208065 0 1208065 1344133 89906 89906 1254227 0 1254227 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, 2014. 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 34,802. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 55,104. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 34,802. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 55,104. 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 29,449. MANAGEMENT AND GENERAL EXPENSES 274. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,723. PRODUCTION DIRECTOR: PROGRAM SERVICE EXPENSES 29,599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,599. PRODUCTION MANAGER: PROGRAM SERVICE EXPENSES 20,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,750. VOCAL/DANCE: PROGRAM SERVICE EXPENSES 12,111. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,111. ORCHESTRA/BAND: PROGRAM SERVICE EXPENSES 104,945. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,945. LIGHTING/SOUND: PROGRAM SERVICE EXPENSES 22,956. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,956. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 17,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,900. LOBBY LABOR: PROGRAM SERVICE EXPENSES 1,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,825. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,705. MANAGEMENT AND GENERAL EXPENSES 7,767. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,472. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.