2026-05-12T14:04:38-04:00 2025-06-30 043437587 PAOLILLI JAREK HESSION & PARE LLC 62 STARK STREET MANCHESTER NH 031011970 990 2024-07-01 237356019 PALACE THEATRE TRUST PALA 6036685588 80 HANOVER STREET MANCHESTER NH 03101 PETER RAMSEY CEO 6036685588 2026-05-05 true GARRETT B PAOLILLI CPA P01816755 6036695477 2026-05-05 2024 2025-03-06 01:10:19Z PETER RAMSEY 80 HANOVER STREET MANCHESTER NH 03101 14133962 false X WWW.PALACETHEATRE.ORG X 1974 NH TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. 22 21 96 120 0 1018274 2137117 5055952 5457698 233294 1244126 577798 549652 6885318 9388593 0 0 2802986 2979359 0 300567 4269190 4759515 7072176 7738874 -186858 1649719 19516975 20427087 5810285 5278913 13706690 15148174 X TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. false false 5038880 5457698 ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATION CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION. 5038880 true true false false false false false false false true true false false true true false true false false false false false false false true true false false false true false false false false false false false false false false false false false false false false false true 295 0 true 96 true false false false false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true true true true true true true false NH X PETER RAMSEY 6036685588 80 HANOVER ST MANCHESTER NH 03101 PETER RAMSEY CEO 40.00 0.00 X X 221909 0 42074 ATTY DAVID EBY CHAIR 1.00 0.00 X X 0 0 0 RONALD A MARTIN II VICE CHAIR 1.00 0.00 X X 0 0 0 MARK LAPRADE CPA TREASURER 1.00 0.00 X X 0 0 0 SETH WALL EDD SECRETARY 1.00 0.00 X X 0 0 0 DOUG BLAIS TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL PERRELLA TRUSTEE 1.00 0.00 X 0 0 0 ERNESTO BURDEN TRUSTEE 1.00 0.00 X 0 0 0 RON COVEY JR TRUSTEE 1.00 0.00 X 0 0 0 SYLVIO L DUPUIS OD TRUSTEE 1.00 0.00 X 0 0 0 BETH HOULIS TRUSTEE 1.00 0.00 X 0 0 0 ED ITHIER TRUSTEE 1.00 0.00 X 0 0 0 JOHN MACNEIL TRUSTEE 1.00 0.00 X 0 0 0 CAMILLE MADDEN TRUSTEE 1.00 0.00 X 0 0 0 SHARRON MCCARTHY TRUSTEE 1.00 0.00 X 0 0 0 JASON MCKINNEY TRUSTEE 1.00 0.00 X 0 0 0 LUCIA A MERRITT TRUSTEE 1.00 0.00 X 0 0 0 NORRI OBERLANDER TRUSTEE 1.00 0.00 X 0 0 0 ATTY JENNIFER PARENT TRUSTEE 1.00 0.00 X 0 0 0 MIKE REED TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN EDDINGER MD TRUSTEE 1.00 0.00 X 0 0 0 MARIA MONGAN TRUSTEE 1.00 0.00 X 0 0 0 221909 42074 1 false true false SERVICE MASTER ELITE 12 CONTINENTAL BLVD MERRIMACK NH 03054 RESTORE & CLEAN 105082 1 5365 2131752 22925 2137117 SHOW REVENUE 4157681 4157681 YOUTH THEATRE FEES 666757 666757 HISTORIC FEE 471140 471140 RENTS 118982 118982 ADVERTISING INCOME 43138 43138 5457698 192365 192365 4994048 460999 3970152 433134 1023896 27865 1051761 1051761 108086 30363 77723 77723 128258 128258 128258 605193 311720 293473 293473 MISCELLANEOUS 50198 50198 50198 9388593 6687915 563561 221909 221909 2380297 1327593 912032 140672 144834 73891 63113 7830 25000 12755 10894 1351 207319 105770 90342 11207 62803 32041 27367 3395 22851 22851 54904 28011 23925 2968 359275 183295 156558 19422 556794 284065 242629 30100 138646 70734 60417 7495 487836 337647 150189 148266 75642 64609 8015 PRODUCTION COSTS 1489962 1489962 SUBCONTRACTORS 585835 585835 OTHER 361679 184521 157606 19552 CREDIT CARD FEES 219266 111865 95548 11853 271398 135253 99438 36707 7738874 5038880 2399427 300567 646988 927243 3429826 3535746 19275 44775 19622 387339 1475 75 10728297 4748777 6548329 5979520 6781203 7287160 2070257 2265229 19516975 20427087 419302 518514 677210 491830 2014942 1668037 20000 20000 2678831 2580532 5810285 5278913 X 7058101 7681214 6648589 7466960 13706690 15148174 19516975 20427087 X 1649719 -438612 230377 X false true X true false X 2824027 4461299 1487331 1018274 2137117 11928048 446176 3737676 4715318 5093284 5636154 19628608 59705 451368 587889 621309 605193 2325464 3329908 8650343 6790538 6732867 8378464 33882120 33882120 95287 105969 150122 207415 192365 751158 95287 105969 150122 207415 192365 751158 113745 135486 172677 196358 76723 694989 3538940 8891798 7113337 7136640 8647552 35328267 0.95910 0.95690 0.02000 0.02000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5739597 5380 668530 233475 6180033 4997944 934653 193000 5739597 4581575 628869 212500 4997944 5333206 10000 -569131 192500 4581575 4262893 1221313 151000 5333206 0.00160 0.67590 0.32250 false false 38883 38883 9170420 3640445 5529975 1518994 1108332 410662 5979520 ENDOWMENT FUND RECEIVABLE 1101254 OPERATING ROU ASSET 790399 PREPAID SHOWS 111741 DEPOSITS 82393 FINANCING ROU ASSET 59660 PREPAID INSURANCE 41385 OTHER PREPAIDS 41349 CONSTRUCTION IN PROGRESS 33600 PREPAID POSTAGE 3448 2265229 CONSTRUCTION LEASE PAYABLE 1686622 OPERATING LEASE LIABILITY 833309 FINANCING LEASE LIABILITY 60601 2580532 9187870 -438612 260740 -177872 9365742 22851 22851 9388593 7746386 30363 30363 7716023 22851 22851 7738874 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FUND SHALL BE MAINTAINED AS A CAPITAL FUND, WITH NET INCOME DISTRIBUTED ANNUALLY FOR THE PRODUCTION OF PERFORMANCES. SCHEDULE D, PAGE 4, PART XI, LINE 2D MERCHANDISE SALES - EXPENSES 26,550 CHANGE IN ENDOWMENT FUND BALANCE 80,540 ENDOWMENT - INTEREST & DIVIDENDS 123,287 FUNDRAISING EXPENSE 30,363 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES 30,363 KITCHEN TOUR 46810 46810 2131 GOLF TOURNAMENT 26520 26520 17625 1 22917 22917 6024 96247 96247 6024 19756 25780 70467 false false 128258 true 1.00000 128258 128258 NH true false false false 1.00000 PETER RAMSEY 80 HANOVER ST MANCHESTER NH 03101 true 128258 238193 CHASER POKER ROOM 7 VETERNAS MEMORIAL PKY SALEM NH 03079 false X false false false false false false false false false PETER RAMSEY CEO 221909 42074 263983 FORM 990 - ORGANIZATION'S MISSION TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES. FORM 990, PAGE 2, PART III, LINE 4A ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATION CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 GETS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD APPROVES ANNUAL SPENDING TO CERTAIN RELATED BUSINESSES, PROVIDED THAT THE TRANSACTIONS OCCUR AT ARMS LENGTH AND THE COMPENSATION FOR SUCH GOODS/SERVICES DOES NOT EXCEED MARKET VALUE OF SMILIAR GOODS/SERVICES. IN ADDITION, ON AN ANNUAL BASIS, THE CEO REPORTS ON THE AMOUNTS PAID TO THE RELATED ENTITIES AND SEEKS BOARD APPROVAL FOR THE UPCOMING FISCAL YEAR. A PUBLIC NOTICE OF SUCH TRANSACTIONS IS PUBLISHED IN THE LOCAL NEWPAPER(S). FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION COMPARES SALARIES TO EXECUTIVE DIRECTORS OF OTHER THEATRES ON A PERIODIC BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION COMPARES SALARIES TO OTHER COMPARABLE POSITIONS ON A PERIODIC BASIS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION KEEPS ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AT ITS HEADQUARTERS, AND MAKES THEM AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST OF INTERESTED PARTIES. FORM 990, PART XI, LINE 9 MERCHANDISE SALES - EXPENSES 26,550 CHANGE IN ENDOWMENT FUND BALANCE 80,540 ENDOWMENT - INTEREST & DIVIDENDS 123,287 FUNDRAISING EXPENSE 30,363 FUNDRAISING EXPENSES -30,363 TOTAL 230,377