2014-02-13T06:57:05-08:00 2013-06-30 Pryba Tobin & Associates CPAs PC 40 British American Boulevard Latham NY 12110 990 2012-07-01 141708151 THE PALACE PERFORMING ARTS CENTER INC PALA 5184653334 19 CLINTON AVENUE ALBANY NY 12207 Steve Fischer 2014-02-13 true Michael A Tobin II P00248170 5187833100 2012 2015-11-30 17:44:51Z 2502602 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 94 125 0 72667 77290 1167395 2337595 416 -788 11000 58023 1251478 2472120 0 0 630918 749040 0 36382 603463 1669842 1234381 2418882 17097 53238 1312703 1270094 789581 693734 523122 576360 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY. false false 2097363 2084310 TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINIMENT CENTER IN ALBANY,NY 2097363 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false false false false false false true false true false false false false false false false false false false true 22 0 false 94 true false false false false false false true true false 0 false false false false false false false false false false X 12 12 true false false false false false false true false false false true false false false false true true true false NY X HOLLY BROWN 5184653334 19 CLINTON AVENUE Albany NY 12207 X Marilyn Pendergast 0.25 0.00 X 0 0 0 George Hearst 0.25 0.00 X 0 0 0 Mark Eagan 0.25 0.00 X 0 0 0 Stephen Janack 0.25 0.00 X 0 0 0 Phil Calderone 0.25 0.00 X 0 0 0 Steven N Fischer 0.50 0.00 X X 0 0 0 Michele L Vennard 0.25 0.00 X 0 0 0 Steve Baboulis 0.25 0.00 X 0 0 0 John Bennett MD 0.25 0.00 X 0 0 0 Jeffrey Stone 0.25 0.00 X 0 0 0 Jeff Sperber 0.50 0.00 X X 0 0 0 Alan Goldberg 0.50 0.00 X X 0 0 0 Holly Brown 40.00 0.00 X 95438 0 0 95438 0 false false false Tougher Industries Ent LLC 47 Broadway Albany NY 12204 HVAC Contractor 185300 1 77290 77290 Program Revenue 2084310 2084310 ADVERTISING 253285 253285 2337595 399 399 0 0 0 3473 4660 -1187 -1187 -1187 83224 25822 57402 57402 0 0 Miscellaneous Revenue 621 621 621 2472120 2336408 58422 X 0 0 0 0 95438 23860 71578 0 515207 442683 39985 32539 0 77089 60605 15861 623 61306 47699 11409 2198 0 0 62793 62793 0 0 0 16659 16111 548 77575 76576 999 21668 21668 0 0 0 2560 2050 510 0 5755 5295 460 11125 9580 1545 0 30733 20575 10158 14823 10147 4676 Media & Marketing 164879 164879 Outside Labor 283633 283633 Other Event Expenses 292936 292936 Artist & Promoter Fees 421819 421819 262884 218915 43946 23 2418882 2097363 285137 36382 758304 668195 0 0 86888 133483 0 0 0 3554 10874 74410 32197 815800 414371 364535 401429 0 0 0 25012 23916 0 1312703 1270094 557898 440649 172592 138073 59091 115012 789581 693734 X 523122 576360 523122 576360 1312703 1270094 53238 X false true X true false X 146656 93859 49685 72642 77290 440132 0 0 146656 93859 49685 72642 77290 440132 0 440132 6033 2586 1236 416 399 10670 0 0 450802 10501645 0.97630 0.96050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483002 105308 377694 332798 309063 23735 401429 UNEARNED GRANT REVENUE 15500 LEASE OBLIGATION 14262 DEFERRED SPONSORSHIP INCOME 58083 DEFERRED EVENT REVENUE 5000 DEFERRED ADVERTISING 22167 115012 X 2473307 2473307 -1187 -1187 2472120 2420069 1187 1187 2418882 2418882 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. X X X X false GALA 83224 83224 25822 83224 83224 25822 25822 57402 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 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.