2015-02-12T12:34:15-08:00 2014-06-30 Michael A Tobin & Associates CPAs PC 40 British American Boulevard Latham NY 12110 990 2013-07-01 141708151 THE PALACE PERFORMING ARTS CENTER INC PALA 5184653334 19 CLINTON AVENUE ALBANY NY 12207 Steve Fischer Treasurer 2015-02-12 true Michael A Tobin II P00248170 5187833100 2013 2016-03-07 17:11:31Z 2943997 false false X www.palacealbany.com X 1931 NY TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY. 12 12 85 275 0 77290 225347 2337595 2688184 -788 512 58023 19537 2472120 2933580 0 0 749040 817089 0 140373 1669842 2010290 2418882 2827379 53238 106201 1270094 2120208 693734 1437647 576360 682561 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY. false false 2396322 2413482 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY 2396322 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 false false false false true 53 0 true 85 true false false false false false false true true false 0 false false false false false false false false false false X 12 12 false false false false false false false true false false false true true true true true true true true false X HOLLY BROWN 5184653334 19 CLINTON AVENUE Albany NY 12207 Alan Goldberg President 0.50 0.00 X X 0 0 0 Jeff Sperber Vice President 0.50 0.00 X X 0 0 0 Jeffrey Stone Board Member 0.25 0.00 X 0 0 0 John Bennett MD Board Member 0.25 0.00 X 0 0 0 Steve Baboulis Board Member 0.25 0.00 X 0 0 0 Michele L Vennard Board Member 0.25 0.00 X 0 0 0 Steven N Fischer Treasurer 0.50 0.00 X X 0 0 0 Phil Calderone Board Member 0.25 0.00 X 0 0 0 Stephen Janack Board Member 0.25 0.00 X 0 0 0 Mark Eagan Board Member 0.25 0.00 X 0 0 0 George Hearst Board Member 0.25 0.00 X 0 0 0 Marilyn Pendergast Board Member 0.25 0.00 X 0 0 0 Holly Brown Executive Dir. 40.00 0.00 X 102275 0 20130 102275 20130 1 false false false 0 225347 225347 ADVERTISING 274702 274702 Program Revenue 2413482 2413482 2688184 169 169 0 0 0 343 343 343 343 29183 10417 18766 18766 0 0 Miscellaneous Revenue 771 771 771 2933580 2688527 19706 X 0 0 0 0 100000 75000 25000 0 569936 365416 109273 95247 0 83743 55053 16784 11906 63410 41686 12709 9015 0 3645 3645 28250 28250 0 0 0 32735 27422 5313 51502 50753 749 0 0 0 0 1070 1070 0 6973 6738 207 28 10136 2840 7296 0 36976 25893 11083 10930 6324 4606 Other Event Expenses 556213 556213 Artist & Promoter Fees 451868 451868 Outside Labor 300773 300773 Media & Marketing 172392 172392 346827 257951 70761 18115 2827379 2396322 290684 140373 668195 1208755 0 0 133483 215205 0 0 0 10874 9479 32197 92671 1017857 443426 401429 574431 0 0 0 23916 19667 0 1270094 2120208 394015 1099225 100750 93648 198969 244774 693734 1437647 X 576360 682561 576360 682561 1270094 2120208 106201 X false true X true false X 93859 49685 72642 77290 225347 518823 0 0 93859 49685 72642 77290 225347 518823 0 518823 2586 1236 416 399 169 4806 0 0 523629 11194430 0.99080 0.97630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483002 117776 365226 534855 325650 209205 574431 X 2943997 10417 10417 2933580 2933580 2837796 10417 10417 2827379 2827379 Part X : FIN48 Footnote 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. Form 990 is no longer subject to examination for the years ended June 30, 2010 and earlier. The adoption of this standard resulted in no uncertain tax benefits or provisions identified and recorded as a liability or asset. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EXPENSES, NET TO REVENUE $10417 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EXPENSES, NET TO REVENUE $10417 X X X X false GALA 29183 29183 10417 29183 29183 10417 10417 18766 Form 990, Part VI, Line 11b: Form 990 Review Process The 990 is presented to the Treasurer for approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD MEMBERS ARE REQUIRED TO FILL OUT ANNUAL QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees SAME AS IN 15A. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part IX, Line 24e: Other Expenses DUES & SUBSCRIPTIONS: Column (A) - Total = $4044; Column (B) - Program Services = $0; Column (C) - Management & General = $4044; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Lease Expenses: Column (A) - Total = $4936; Column (B) - Program Services = $0; Column (C) - Management & General = $4936; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MEMBERSHIP EXPENSES: Column (A) - Total = $5321; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $5321 Form 990, Part IX, Line 24e: Other Expenses MISCELLANEOUS: Column (A) - Total = $7840; Column (B) - Program Services = $3173; Column (C) - Management & General = $630; Column (D) - Fundraising = $4037 Form 990, Part IX, Line 24e: Other Expenses OFFICE SUPPLIES: Column (A) - Total = $31178; Column (B) - Program Services = $8490; Column (C) - Management & General = $19128; Column (D) - Fundraising = $3560 Form 990, Part IX, Line 24e: Other Expenses PAYROLL SERVICE: Column (A) - Total = $7648; Column (B) - Program Services = $0; Column (C) - Management & General = $7648; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $3839; Column (B) - Program Services = $38; Column (C) - Management & General = $3801; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Repairs & Maintenance: Column (A) - Total = $106894; Column (B) - Program Services = $90061; Column (C) - Management & General = $16833; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Special Event Expenses: Column (A) - Total = $5197; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $5197 Form 990, Part IX, Line 24e: Other Expenses Staff Expenses: Column (A) - Total = $3196; Column (B) - Program Services = $0; Column (C) - Management & General = $3196; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Telephone: Column (A) - Total = $12025; Column (B) - Program Services = $9215; Column (C) - Management & General = $2810; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses UTILITIES: Column (A) - Total = $154709; Column (B) - Program Services = $146974; Column (C) - Management & General = $7735; Column (D) - Fundraising = $0