2014-11-14T09:51:30-06:00 2013-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2013-01-01 742589396 GEORGETOWN PALACE THEATRE INC GEOR 5128697469 P O BOX 1516 GEORGETOWN TX 786271516 ARDEN TREVINO PRESIDENT 5128697469 2014-11-12 1 SHARON M HERWALD CPA P00079864 2547724901 2013 2015-11-30 17:44:51Z ARDEN TREVINO P O BOX 1516 GEORGETOWN TX 786271516 1258807 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. 19 19 45 498 -372 -372 113972 301035 975370 888611 698 1330 0 -15685 1090040 1175291 0 0 0 0 294457 427958 0 0 0 684429 645251 978886 1073209 111154 102082 1731544 1800568 575639 569282 1155905 1231286 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 934301 702032 PRODUCTION OF PLAYS - DURING THE 2013 PRODUCTION SEASON THE ORGANIZATION PRODUCED 8 PLAYS THAT WERE ATTENDED BY APPROXIMATELY 33,758 PEOPLE. 25815 156525 PRODUCTION OF EDUCATIONAL WORKSHOPS - THE ORGANIZATION HELD 39 WORKSHOPS DURING 2013 THAT WERE ATTENDED BY 486 PEOPLE. 10633 6168 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 & EDUCATIONAL OPPORTUNITIES FOR THE PERFORMING ARTS - 995 PEOPLE ATTENDED 56 EVENTS HELD DURING 2013. 970749 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 57 0 1 45 1 0 0 1 1 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TANZA SMITH 5128697469 P O BOX 1516 GEORGETOWN TX 786271516 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 57481 0 0 57481 0 0 0 0 0 0 0 7345 293690 301035 BOX OFFICE INCOME 711110 590042 590042 EDUCATION INCOME 711110 156525 156525 SEASON TICKET INCOME 711110 129480 129480 GIFT CERTIFICATES 711110 6396 6396 GUILD INCOME 711110 6168 6168 888611 1330 1330 8573 0 8573 8573 8573 59241 83516 -24275 -23903 -372 MISCELLANEOUS REVENUE 900099 17 17 17 1175291 864725 -372 9903 X 57481 53457 4024 339026 315294 23732 31451 29249 2202 21041 21041 170908 162740 8168 36099 30018 6081 42410 26677 15733 148676 137335 11341 363 363 822 822 25206 23442 1764 68993 64164 4829 22830 21232 1598 PRODUCTION COSTS 106319 106319 MISCELLANEOUS 1584 1584 1073209 970749 102460 0 279995 56028 43711 386465 1650 2125154 769155 1407662 1355999 176 176 0 250 1731544 1800568 1050 23558 570758 539116 3831 6608 575639 569282 X 1149155 1093506 6750 137780 1155905 1231286 1731544 1800568 102082 127 -26828 0 X X 0 1 X 1 0 X 102555 111025 73395 113972 301035 701982 719695 695863 443855 975370 913098 3747881 822250 806888 517250 1089342 1214133 4449863 0 0 0 4449863 673 1824 351 698 1330 4876 673 1824 351 698 1330 4876 -372 -372 8590 8590 822923 808712 517601 1090040 1223681 4462957 0.99710 0.99900 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 1882244 643495 1238749 222910 125660 97250 1355999 PAYROLL TAX LIABILITIES 6608 6608 X 1258934 127 83516 83643 1175291 0 1175291 1156725 83516 83516 1073209 0 1073209 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, 2013. 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 MANAGEMENTS 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 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 35,126. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 48,390. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT PRINTING COSTS OFFSET AGAINST REVENUE ON 990 35,126. CONCESSION/MERCHANDISE COSTS OFFSET AGAINST REVENUE ON 990 48,390. 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 REALTED CONTRACT LABOR: PROGRAM SERVICE EXPENSES 9,362. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,362. ARTISTIC DIRECTOR: PROGRAM SERVICE EXPENSES 3,775. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,775. PRODUCTION DIRECTOR: PROGRAM SERVICE EXPENSES 3,033. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,033. PRODUCTION MANAGER: PROGRAM SERVICE EXPENSES 20,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,341. VOCAL/DANCE: PROGRAM SERVICE EXPENSES 11,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,200. ORCHESTRA/BAND: PROGRAM SERVICE EXPENSES 74,481. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,481. LIGHTING/SOUND: PROGRAM SERVICE EXPENSES 17,996. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,996. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 13,617. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,617. LOBBY LABOR: PROGRAM SERVICE EXPENSES 38. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38. CHILD WORKSHOP INSTRUCTORS: PROGRAM SERVICE EXPENSES 7,832. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,832. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,065. MANAGEMENT AND GENERAL EXPENSES 8,168. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,233. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.