PALACE PERFORMING ARTS CENTER INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PALACE PERFORMING ARTS CENTER INC (EIN 14-1708151)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-13
- IRS object ID
- 201430449349301003
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-13T06:57:05-08:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pryba Tobin & Associates CPAs PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 British American Boulevard | AddressLine1 |
| City | Latham | City |
| State | NY | State |
| ZIP Code | 12110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141708151 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PALACE PERFORMING ARTS CENTER INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PALA | NameControl |
| Phone | 5184653334 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 CLINTON AVENUE | AddressLine1 |
| City | ALBANY | City |
| State | NY | State |
| ZIP Code | 12207 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Steve Fischer | Name |
| Title | Treasurer | Title |
| Date Signed | 2014-02-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael A Tobin II | Name |
| PTIN | P00248170 | PTIN |
| Phone | 5187833100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2502602 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.palacealbany.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1931 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 94 | TotalNbrEmployees |
| Total Nbr Volunteers | 125 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 72667 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 77290 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1167395 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2337595 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 416 | InvestmentIncomePriorYear |
| Investment Income Current Year | -788 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 11000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 58023 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1251478 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2472120 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 630918 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 749040 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 36382 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 603463 | OtherExpensePriorYear |
| Other Expenses Current Year | 1669842 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1234381 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2418882 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 17097 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 53238 | RevenuesLessExpensesCY |
| Total Assets BOY | 1312703 | TotalAssetsBOY |
| Total Assets EOY | 1270094 | TotalAssetsEOY |
| Total Liabilities BOY | 789581 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 693734 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 523122 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 576360 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 2097363 | Expense |
| Revenue | 2084310 | Revenue |
| Description | TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY | Description |
| Total Program Service Expense | 2097363 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 22 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 94 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | false | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | false | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | false | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HOLLY BROWN | NamePerson |
| Telephone Number | 5184653334 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 CLINTON AVENUE | AddressLine1 |
| City | Albany | City |
| State | NY | State |
| ZIP Code | 12207 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|---|
| Marilyn Pendergast | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| George Hearst | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Mark Eagan | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Stephen Janack | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Phil Calderone | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Steven N Fischer | ||||||||
| Treasurer | 0.50 | 0.00 | X | 0 | 0 | 0 | X | |
| Michele L Vennard | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Steve Baboulis | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| John Bennett MD | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Jeffrey Stone | ||||||||
| Board Member | 0.25 | 0.00 | X | 0 | 0 | 0 | ||
| Jeff Sperber | ||||||||
| Vice President | 0.50 | 0.00 | X | 0 | 0 | 0 | X | |
| Alan Goldberg | ||||||||
| President | 0.50 | 0.00 | X | 0 | 0 | 0 | X | |
| Holly Brown | ||||||||
| Executive Director | 40.00 | 0.00 | 95438 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 95438 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tougher Industries Ent LLC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 47 Broadway | AddressLine1 |
| City | Albany | City |
| State | NY | State |
| ZIP Code | 12204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | HVAC Contractor | DescriptionOfServices |
| Compensation | 185300 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 77290 | AllOtherContributions |
| Total Contributions | 77290 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| Program Revenue | 2084310 | 2084310 |
| ADVERTISING | 253285 | 253285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2337595 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 399 | TotalRevenueColumn |
| Exclusion | $399 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 3473 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4660 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -1187 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1187 | TotalRevenueColumn |
| Related Or Exempt Function Income | -1187 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 83224 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 25822 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57402 | TotalRevenueColumn |
| Exclusion | $57,402 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous Revenue | Description |
| Total Revenue Column | 621 | TotalRevenueColumn |
| Exclusion | $621 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 621 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2472120 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2336408 | RelatedOrExemptFunctionIncome |
| Exclusion | $58,422 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95438 | Total |
| Program Services | 23860 | ProgramServices |
| Management And General | 71578 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 515207 | Total |
| Program Services | 442683 | ProgramServices |
| Management And General | 39985 | ManagementAndGeneral |
| Fundraising | 32539 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77089 | Total |
| Program Services | 60605 | ProgramServices |
| Management And General | 15861 | ManagementAndGeneral |
| Fundraising | 623 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61306 | Total |
| Program Services | 47699 | ProgramServices |
| Management And General | 11409 | ManagementAndGeneral |
| Fundraising | 2198 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62793 | Total |
| Management And General | 62793 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16659 | Total |
| Program Services | 16111 | ProgramServices |
| Management And General | 548 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77575 | Total |
| Program Services | 76576 | ProgramServices |
| Fundraising | 999 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21668 | Total |
| Management And General | 21668 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2560 | Total |
| Program Services | 2050 | ProgramServices |
| Management And General | 510 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5755 | Total |
| Program Services | 5295 | ProgramServices |
| Management And General | 460 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11125 | Total |
| Program Services | 9580 | ProgramServices |
| Management And General | 1545 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30733 | Total |
| Program Services | 20575 | ProgramServices |
| Management And General | 10158 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14823 | Total |
| Program Services | 10147 | ProgramServices |
| Management And General | 4676 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Media & Marketing | 164879 | 164879 |
| Outside Labor | 283633 | 283633 |
| Other Event Expenses | 292936 | 292936 |
| Artist & Promoter Fees | 421819 | 421819 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 262884 | Total |
| Program Services | 218915 | ProgramServices |
| Management And General | 43946 | ManagementAndGeneral |
| Fundraising | 23 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2418882 | Total |
| Program Services | 2097363 | ProgramServices |
| Management And General | 285137 | ManagementAndGeneral |
| Fundraising | 36382 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 758304 | BOY |
| EOY | 668195 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86888 | BOY |
| EOY | 133483 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3554 | BOY |
| EOY | 10874 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74410 | BOY |
| EOY | 32197 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 815800 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 414371 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 364535 | BOY |
| EOY | 401429 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25012 | BOY |
| EOY | 23916 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1312703 | BOY |
| EOY | 1270094 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 557898 | BOY |
| EOY | 440649 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172592 | BOY |
| EOY | 138073 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59091 | BOY |
| EOY | 115012 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 789581 | BOY |
| EOY | 693734 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 523122 | BOY |
| EOY | 576360 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 523122 | BOY |
| EOY | 576360 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1312703 | BOY |
| EOY | 1270094 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 53238 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 146656 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 93859 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 49685 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 72642 | CurrentTaxYearMinus1Year |
| Current Tax Year | 77290 | CurrentTaxYear |
| Total | 440132 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 146656 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 93859 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 49685 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 72642 | CurrentTaxYearMinus1Year |
| Current Tax Year | 77290 | CurrentTaxYear |
| Total | 440132 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 0 | AmountsSubstContributorsTotal |
| Public Support Total170 | 440132 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6033 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2586 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1236 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 416 | CurrentTaxYearMinus1Year |
| Current Tax Year | 399 | CurrentTaxYear |
| Total | 10670 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 450802 | TotalSupport |
| Gross Receipts From Admissions Etc | 10501645 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.97630 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.96050 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 483002 | OtherCostOrOtherBasis |
| Depreciation | 105308 | Depreciation |
| Book Value | 377694 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 332798 | OtherCostOrOtherBasis |
| Depreciation | 309063 | Depreciation |
| Book Value | 23735 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 401429 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| UNEARNED GRANT REVENUE | $15,500 |
| LEASE OBLIGATION | $14,262 |
| DEFERRED SPONSORSHIP INCOME | $58,083 |
| DEFERRED EVENT REVENUE | $5,000 |
| DEFERRED ADVERTISING | $22,167 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 115012 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 2473307 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 2473307 | RevenueSubtotal |
| Other Revenues Not Included | -1187 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -1187 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2472120 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2420069 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1187 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1187 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2418882 | ExpensesSubtotal |
| Total Expenses Per Form990 | 2418882 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part XII, Line 2d | Part XII, Line 2d: Other expenses and losses per audited F/S | LOSS ON DISPOSITION OF ASSETS $1187 |
| Part X | 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, 2009 and earlier. The adoption of this standard resulted in no uncertain tax benefits or provisions identified and recorded as a liability or asset. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Email Solicitations | X | EmailSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | false | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA | NameOfEvent1 |
| Gross Receipts Event1 | 83224 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 83224 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 25822 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 83224 | GrossReceiptsTotal |
| Gross Revenue Total Events | 83224 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 25822 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 25822 | DirectExpenseSummaryEvents |
| Net Income Summary | 57402 | NetIncomeSummary |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| George Hearst | |||
| VP of Times Union | 43348 | Advertising | false |
| John Bennett MD | |||
| CEO at CDPHP | 66110 | Health Insurance | false |
| Steve Baboulis | |||
| GM at WNYT | 4379 | Advertising | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (15 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | UTILITIES: Column (A) - Total = $105058; Column (B) - Program Services = $99805; Column (C) - Management & General = $5253; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | Telephone: Column (A) - Total = $14284; Column (B) - Program Services = $11321; Column (C) - Management & General = $2963; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | Repairs & Maintenance: Column (A) - Total = $85336; Column (B) - Program Services = $66363; Column (C) - Management & General = $18973; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | Postage and Shipping: Column (A) - Total = $7427; Column (B) - Program Services = $3928; Column (C) - Management & General = $3499; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | PAYROLL SERVICE: Column (A) - Total = $7122; Column (B) - Program Services = $0; Column (C) - Management & General = $7122; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | OFFICE SUPPLIES: Column (A) - Total = $16411; Column (B) - Program Services = $15689; Column (C) - Management & General = $722; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | MISCELLANEOUS: Column (A) - Total = $7811; Column (B) - Program Services = $6697; Column (C) - Management & General = $1091; Column (D) - Fundraising = $23 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | LICENSES & PERMITS: Column (A) - Total = $15112; Column (B) - Program Services = $15112; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | Lease Expenses: Column (A) - Total = $1481; Column (B) - Program Services = $0; Column (C) - Management & General = $1481; Column (D) - Fundraising = $0 |
| Form 990, Part IX, Line 24e | Form 990, Part IX, Line 24e: Other Expenses | DUES & SUBSCRIPTIONS: Column (A) - Total = $2842; Column (B) - Program Services = $0; Column (C) - Management & General = $2842; Column (D) - Fundraising = $0 |
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.THE CONFLICT OF INTEREST AND THE WHISTLEBLOWER POLICIES HAVE BEEN PREPARED IN DRAFT AND ARE AWAITING APPROVAL BY THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Line 15b | 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 15a | 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 11b | Form 990, Part VI, Line 11b: Form 990 Review Process | The 990 is presented to the Treasurer for approval. |
| Form 990, Part VI, Line 2 | Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | Steve Baboulis (board member) is the General Manager of WNYT TV-13 in Albany, where the Organization purchases advertisements throughout the year.John Bennett, MD (board member) is the President and CEO of CDPHP, where the Organization purchases health insurance.George Hearst (board member) is the Vice President and Associate Publisher at the Times Union, where the Organization purchases advertisements throughout the year. |
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