PALACE PERFORMING ARTS CENTER INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PALACE PERFORMING ARTS CENTER INC (EIN 14-1708151)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-05
IRS object ID: 201320369349300612
Schema version: 2011v1.5
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
Form 990
Schedule A
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-05T07:33:27-08:00	Timestamp
Tax Period End Date	2012-06-30	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	2011-07-01	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	2013-02-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Robert A Pryba Jr	Name
Phone	5187833100	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	1251478	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	83	TotalNbrEmployees
Total Nbr Volunteers	100	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	59685	ContributionsGrantsPriorYear
Contributions Grants Current Year	72667	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	885028	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1167395	ProgramServiceRevenueCY
Investment Income Prior Year	-4374	InvestmentIncomePriorYear
Investment Income Current Year	416	InvestmentIncomeCurrentYear
Other Revenue Prior Year	4373	OtherRevenuePriorYear
Other Revenue Current Year	11000	OtherRevenueCurrentYear
Total Revenue Prior Year	944712	TotalRevenuePriorYear
Total Revenue Current Year	1251478	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	537666	SalariesEtcPriorYear
Salaries Etc Current Year	630918	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	637511	OtherExpensePriorYear
Other Expenses Current Year	603463	OtherExpensesCurrentYear
Total Expenses Prior Year	1175177	TotalExpensesPriorYear
Total Expenses Current Year	1234381	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-230465	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	17097	RevenuesLessExpensesCY
Total Assets BOY	895895	TotalAssetsBOY
Total Assets EOY	1312704	TotalAssetsEOY
Total Liabilities BOY	389869	TotalLiabilitiesBOY
Total Liabilities EOY	789581	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	506026	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	523123	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	1141839	Expense
Revenue	1178395	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	1141839	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	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	false	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	false	ScheduleORequired
Number Forms Transmitted With1096	4	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	83	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
Form8886 T Filed	false	Form8886TFiled
Non Deductible Contributions	false	NonDeductibleContributions
Non Deductible Disclosure	false	NonDeductibleDisclosure
Quid Pro Quo Contributions	false	QuidProQuoContributions
Quid Pro Quo Disclosure	false	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
Form720 Filed	false	Form720Filed
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
Policies Reference Chapters	false	PoliciesReferenceChapters
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
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
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 (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
Marilyn Pendergast
Board Member	0.00	X	0	0	0
George Hearst
Board Member	0.00	X	0	0	0
Mark Eagan
Board Member	0.00	X	0	0	0
Stephen Janack
Board Member	0.00	X	0	0	0
Phil Calderone
Board Member	0.00	X	0	0	0
Steve Fischer
Treasurer	0.00	X	0	0	0	X
Michele L Vennard
Board Member	0.00	X	0	0	0
Steve Baboulis
Board Member	0.00	X	0	0	0
John Bennett MD
Board Member	0.00	X	0	0	0
Patricia Lynch
Board Member	0.00	X	0	0	0
Jeff Sperber
Vice President	0.00	X	0	0	0	X
Alan Goldberg
President	0.00	X	0	0	0	X

Field	Value	IRS element (for citing)
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
All Other Contributions	72667	AllOtherContributions
Total Contributions	72667	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Program Revenue, Net	1017162	1017162
ADVERTISING	150233	150233

Field	Value	IRS element (for citing)
Total Program Service Revenue	1167395	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	416	TotalRevenueColumn
Exclusion	$416	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

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

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	Bad Debts Recovered	Description
Total Revenue Column	11000	TotalRevenueColumn
Related Or Exempt Function Income	11000	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	11000	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1251478	TotalRevenueColumn
Related Or Exempt Function Income	1178395	RelatedOrExemptFunctionIncome
Exclusion	$416	ExclusionAmount

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	0	Total

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	517927	Total
Program Services	517927	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	65626	Total
Program Services	65626	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	47365	Total
Program Services	47365	ProgramServices

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	48551	Total
Management And General	48551	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	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

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	397	Total
Program Services	397	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	2457	Total
Program Services	2457	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	8881	Total
Program Services	1145	ProgramServices
Management And General	7736	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	28465	Total
Program Services	22069	ProgramServices
Management And General	6396	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	17347	Total
Program Services	15545	ProgramServices
Management And General	1802	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
OFFICE SUPPLIES & POSTAGE	36388	19268	17120
ADVERTISING	47155	47155
Repairs & Maintenance	179656	179656
UTILITIES	180978	180978

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	53188	Total
Program Services	42251	ProgramServices
Management And General	10937	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1234381	Total
Program Services	1141839	ProgramServices
Management And General	92542	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	459435	BOY
EOY	758305	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	16806	BOY
EOY	86888	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	3113	BOY
EOY	3554	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	66708	BOY
EOY	74410	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	757109	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	392574	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	331864	BOY
EOY	364535	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	17969	BOY
EOY	25012	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
EOY	0	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	895895	BOY
EOY	1312704	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	335964	BOY
EOY	557898	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	172592	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	53905	BOY
EOY	59091	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	389869	BOY
EOY	789581	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	506026	BOY
EOY	523123	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	506026	BOY
EOY	523123	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	895895	BOY
EOY	1312704	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	17097	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired
Federal Grant Audit Performed	false	FederalGrantAuditPerformed

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	139867	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	146656	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	93859	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	49685	CurrentTaxYearMinus1Year
Current Tax Year	72642	CurrentTaxYear
Total	502709	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	139867	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	146656	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	93859	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	49685	CurrentTaxYearMinus1Year
Current Tax Year	72642	CurrentTaxYear
Total	502709	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	0	AmountsSubstContributorsTotal
Public Support Total170	502709	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	10384	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6033	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2586	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1236	CurrentTaxYearMinus1Year
Current Tax Year	416	CurrentTaxYear
Total	20655	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	523364	TotalSupport
Gross Receipts From Admissions Etc	10239292	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.96050	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.95130	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	440988	OtherCostOrOtherBasis
Depreciation	93215	Depreciation
Book Value	347773	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	316121	OtherCostOrOtherBasis
Depreciation	299359	Depreciation
Book Value	16762	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	364535	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
LEASE OBLIGATION	$9,924
DEFERRED SPONSORSHIP INCOME	$37,500
DEFERRED ADVERTISING	$11,667

Field	Value	IRS element (for citing)
Total Of Amounts	59091	TotalOfAmounts
Total Revenue	1251478	TotalRevenue
Total Expenses	1234381	TotalExpenses
Excess Or Deficit For Year	17097	ExcessOrDeficitForYear
Excess Or Deficit Per FS	17097	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1251478	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1251478	RevenueSubtotal
Total Revenue Per Form990	1251478	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1234381	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1234381	ExpensesSubtotal
Total Expenses Per Form990	1234381	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	Part X	Identifier
Return Reference	Part X : FIN48 Footnote	ReturnReference
Explanation	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, 2008 and earlier. The adoption of this standard resulted in no uncertain tax benefits or provisions identified and recorded as a liability or asset.	Explanation

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	42286	Advertising	false
John Bennett MD
CEO at CDPHP	64108	Health Insurance	false
Steve Baboulis
GM at WNYT	29489	Advertising	false

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	No documents available to the public.
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 11	Form 990, Part VI, Line 11: 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.