Civic Intelligence

The Palace Performing Arts Center Inc

990 • Fiscal year 2015 • EIN 14-1708151

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 28, 2016

Organization ProfileWWW.PALACEALBANY.COM
19 Clinton AvenueAlbany, NY 12207

(518) 465-3334

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.64x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.42x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Net Margin

60th percentile

7.9%

Higher net margin than 60% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

78th percentile

$108,417

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Asset Growth

87th percentile

36%

Faster asset growth than 87% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

51%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$2,880,569

Up $760,361 (+36%) from 2014

Net Assets

Up

$1,031,831

Up $349,270 (+51%) from 2014

Liabilities

Up

$1,848,738

Up $411,091 (+29%) from 2014

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin60th percentile

Revenue

Up

$4,424,478

Up $1,490,898 (+51%) from 2014

Expenses

Up

$4,075,208

Up $1,247,829 (+44%) from 2014

Net Income

Up

$349,270

Up $243,069 (+229%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $895,895Liabilities 2011: $389,869Net Assets 2011: $506,0262011Assets 2012: $1,312,704Liabilities 2012: $789,581Net Assets 2012: $523,1232012Assets 2013: $1,270,094Liabilities 2013: $693,734Net Assets 2013: $576,3602013Assets 2014: $2,120,208Liabilities 2014: $1,437,647Net Assets 2014: $682,5612014Assets 2015: $2,880,569Liabilities 2015: $1,848,738Net Assets 2015: $1,031,8312015Assets 2016: $2,689,234Liabilities 2016: $1,636,318Net Assets 2016: $1,052,9162016Assets 2017: $2,690,877Liabilities 2017: $1,417,993Net Assets 2017: $1,272,8842017Assets 2018: $5,037,058Liabilities 2018: $2,845,095Net Assets 2018: $2,191,9632018Assets 2019: $4,036,097Liabilities 2019: $2,837,835Net Assets 2019: $1,198,2622019Assets 2020: $3,613,053Liabilities 2020: $2,629,673Net Assets 2020: $983,3802020Assets 2021: $5,400,849Liabilities 2021: $2,407,977Net Assets 2021: $2,992,8722021Assets 2022: $7,859,988Liabilities 2022: $2,987,420Net Assets 2022: $4,872,5682022Assets 2023: $7,460,484Liabilities 2023: $2,441,587Net Assets 2023: $5,018,8972023Assets 2025: $7,845,212Liabilities 2025: $2,096,456Net Assets 2025: $5,748,7562025

Highlighted filing

2015

Assets$2,880,569
Liabilities$1,848,738
Net Assets$1,031,831
Open 2015 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $944,712Expenses 2011: $1,175,177Net Income 2011: -$230,4652011Expenses 2012: $1,234,3812012Expenses 2013: $2,418,8822013Revenue 2014: $2,933,580Expenses 2014: $2,827,379Net Income 2014: $106,2012014Revenue 2015: $4,424,478Expenses 2015: $4,075,208Net Income 2015: $349,2702015Revenue 2016: $4,015,903Expenses 2016: $3,994,818Net Income 2016: $21,0852016Revenue 2017: $5,381,781Expenses 2017: $5,161,813Net Income 2017: $219,9682017Revenue 2018: $6,480,438Expenses 2018: $5,561,359Net Income 2018: $919,0792018Revenue 2019: $6,455,762Expenses 2019: $7,449,463Net Income 2019: -$993,7012019Revenue 2020: $3,467,210Expenses 2020: $3,682,092Net Income 2020: -$214,8822020Revenue 2021: $3,087,630Expenses 2021: $1,078,138Net Income 2021: $2,009,4922021Revenue 2022: $5,301,344Expenses 2022: $3,421,648Net Income 2022: $1,879,6962022Revenue 2023: $4,216,101Expenses 2023: $4,067,894Net Income 2023: $148,2072023Revenue 2025: $4,944,005Expenses 2025: $4,589,133Net Income 2025: $354,8722025

Highlighted filing

2015

Revenue$4,424,478
Expenses$4,075,208
Net Income$349,270
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$4,472,055
Mission and Program Overview

Mission

To operate the palace theater and utilize its full potential as a cultural and entertainment center in albany, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$110,073$1,652,022▲ $1,541,949
Land, Buildings, and Equipment, Net$574,431$541,340▼ $33,091
Cash and Non-Interest-Bearing Accounts$1,098,682$460,676▼ $638,006
Prepaid Expenses and Deferred Charges$92,671$92,888▲ $217
Accounts Receivable$215,205$76,735▼ $138,470
Intangible Assets$19,667$42,442▲ $22,775
Inventories for Sale or Use$9,479$14,466▲ $4,987
Total Assets$2,120,208$2,880,569▲ $760,361
Liabilities
Accounts Payable and Accrued Expenses$1,099,225$1,598,692▲ $499,467
Mortgage Notes Payable Secured by Investment Property$244,774$165,439▼ $79,335
Deferred Revenue$93,648$84,607▼ $9,041
Total Liabilities$1,437,647$1,848,738▲ $411,091
Net Assets / Fund Balance
Unrestricted Net Assets$682,561$1,031,831▲ $349,270
Total Net Assets Fund Balance$682,561$1,031,831▲ $349,270
Total Liabilities and Net Assets / Fund Balance$2,120,208$2,880,569▲ $760,361

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$315,282$100,569$415,851
Equipment$210,853$160,025$370,878
Other Land Buildings$15,205-$15,205
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Holly BrownExecutive DiFT$100,000$8,417$108,417

Board Members and Trustees

NameTitle
Alan GoldbergPresident
Dominick PurnomoBoard Member
George HearstBoard Member
Jeffrey StoneBoard Member
John Bennett MdBoard Member
KEVIN O'CONNORBoard Member
Marilyn PendergastBoard Member
Mark EaganBoard Member
Michele L VennardBoard Member
Phil CalderoneBoard Member
Stephen JanackBoard Member
Steve BaboulisBoard Member
THOMAS D'AMBRABoard Member
Steven N FischerTreasurer
Jeff SperberVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$163,147
Program Service Revenue
$4,264,316
Investment Income
$-37,120
Other Revenue
$34,135
All Other Contributions
$163,147
Change in Net Assets
$349,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,294,961
Revenue Not Reported on Financial Statements
$129,517
Revenue Not Reported on Form 990
$47,577
Other Revenue Adjustments
$129,517
Total Revenue per Audited Statements
$4,342,538
Total Revenue per Form 990
$4,424,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,085,220
Salaries, Compensation, and Employee Benefits$989,988
Total Fundraising Expense$188,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,318$163,899$128,297$833,514
All Other Expenses$239,828$99,561$28,557$367,946
Other Expenses$210,446--$210,446
Other Employee Benefits$52,306$18,294$12,397$82,997
Payroll Taxes$49,315$12,474$11,688$73,477
Advertising$63,503--$63,503
Depreciation Depletion$34,126$15,633-$49,759
Fees for Services Accounting-$31,000-$31,000
Fees for Services Other$14,000$13,838$2,450$30,288
Interest$6,663$6,356-$13,019
Conferences and Meetings$6,982$245$5,291$12,518
Insurance$5,755$4,600-$10,355
Fees for Services Legal-$2,998-$2,998
Travel-$1,126-$1,126
Total Functional Expenses$3,516,504$370,024$188,680$4,075,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,075,208
Total Expenses per Audited Statements$3,993,268
Expenses per Audited Statements$3,945,691
Expenses Not Reported on Financial Statements$129,517
Other Expense Adjustments$129,517
Expenses Not Reported on Form 990$47,577
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,895
Fundraising Direct Expenses$10,100
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$42,895$42,895$10,100$32,795
Total Events$42,895$42,895$10,100$32,795
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Albany cty. Conven. & visitors bur. Palace theatre president e.d./officer ed of palace is on bd of accvb”

Form 990, Page 6, Part VI, Line 11B

“The 990 is presented to the treasurer for approval and discussed with the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to fill out annual questionnaires to monitor and enforce compliance with the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“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, Page 6, Part VI, Line 15B

“SAME AS IN 15A.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
The Palace Performing Arts
EIN
14-1708151
Phone
5184653334
Address
19 CLINTON AVENUE, ALBANY, NY 12207

Signing Officer

Name
Steven N Fischer
Title
Treasurer
Phone
5184653334
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Goldberg
Formed
1931
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
108
Volunteers
275

Preparer

Firm
MICHAEL A TOBIN & ASSOCIATES CPA'S PC
Address
40 BRITISH AMERICAN BLVD, LATHAM, NY 12110
Preparer
Michael a Tobin Ii
Phone
5187833100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Fundraising expenses, net to revenue 10,100 loss on disposal included in expenses 37,477 merchandise costs netted against revenue -129,517 fundraising expenses, net to revenue -10,100 loss on disposal included in expenses -37,477 merchandise costs netted against revenue 129,517”

Financial Statement Notes

Schedule D, Page 3, Part X

“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, 2011 and earlier. The adoption of this standard resulted in no uncertain tax benefits or provisions identified and recorded as a liability or asset.”

Schedule D, Page 4, Part XI, Line 2D

“Fundraising expenses, net to revenue 10,100 loss on disposal included in expenses 37,477”

Schedule D, Page 4, Part XI, Line 4B

“Merchandise costs netted against revenue 129,517”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising expenses, net to revenue 10,100 loss on disposal included in expenses 37,477”

Schedule D, Page 4, Part XII, Line 4B

“Merchandise costs netted against revenue 129,517”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt010100
IRS990/FundraisingGrossIncomeAmt042895
IRS990/GainOrLossGrp/OtherAmt0-37477
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04472055
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04600
IRS990/InsuranceGrp/ProgramServicesAmt05755
IRS990/InsuranceGrp/TotalAmt010355
IRS990/IntangibleAssetsGrp/BOYAmt019667
IRS990/IntangibleAssetsGrp/EOYAmt042442
IRS990/InterestGrp/ManagementAndGeneralAmt06356
IRS990/InterestGrp/ProgramServicesAmt06663
IRS990/InterestGrp/TotalAmt013019
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09479
IRS990/InventoriesForSaleOrUseGrp/EOYAmt014466
IRS990/InvestmentIncomeGrp/ExclusionAmt0357
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0357
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt099
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0260594
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0574431
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0541340
IRS990/LandBldgEquipCostOrOtherBssAmt0801934
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt037477
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0244774
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0165439
IRS990/NetAssetsOrFundBalancesBOYAmt0682561
IRS990/NetAssetsOrFundBalancesEOYAmt01031831
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-37477
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-37477
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt032795
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt032795
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012397
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018294
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt052306
IRS990/OtherEmployeeBenefitsGrp/TotalAmt082997
IRS990/OtherExpensesGrp/Desc0ARTIST & PROMOTER FEES
IRS990/OtherExpensesGrp/Desc1OTHER EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2OUTSIDE LABOR
IRS990/OtherExpensesGrp/Desc3MEDIA & MARKETING
IRS990/OtherExpensesGrp/ProgramServicesAmt0979092
IRS990/OtherExpensesGrp/ProgramServicesAmt1904491
IRS990/OtherExpensesGrp/ProgramServicesAmt2408679
IRS990/OtherExpensesGrp/ProgramServicesAmt3210446
IRS990/OtherExpensesGrp/TotalAmt0979092
IRS990/OtherExpensesGrp/TotalAmt1904491
IRS990/OtherExpensesGrp/TotalAmt2408679
IRS990/OtherExpensesGrp/TotalAmt3210446
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01340
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01340
IRS990/OtherRevenueTotalAmt01340
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0128297
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163899
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0541318
IRS990/OtherSalariesAndWagesGrp/TotalAmt0833514
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt011688
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012474
IRS990/PayrollTaxesGrp/ProgramServicesAmt049315
IRS990/PayrollTaxesGrp/TotalAmt073477
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt092671
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt092888
IRS990/PrincipalOfficerNm0ALAN GOLDBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04016188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1248128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04016188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1248128
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0225347
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0512
IRS990/PYOtherExpensesAmt02010290
IRS990/PYOtherRevenueAmt019537
IRS990/PYProgramServiceRevenueAmt02688184
IRS990/PYRevenuesLessExpensesAmt0106201
IRS990/PYSalariesCompEmpBnftPaidAmt0817089
IRS990/PYTotalExpensesAmt02827379
IRS990/PYTotalRevenueAmt02933580
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0349270
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04016188
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0110073
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01652022
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0163147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0225347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt072642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt049685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0588111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02577
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013868249
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99560
IRS990ScheduleA/PublicSupportPY170Pct00.99080
IRS990ScheduleA/PublicSupportTotal170Amt0588111
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0163147
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0225347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt072642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt049685
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0588111
IRS990ScheduleA/TotalSupportAmt0590688
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0210853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0160025
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0370878
IRS990ScheduleD/ExpensesNotReportedAmt047577
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0129517
IRS990ScheduleD/ExpensesSubtotalAmt03945691
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0315282
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100569
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0415851
IRS990ScheduleD/OtherExpensesIncludedAmt047577
IRS990ScheduleD/OtherExpensesNotIncludedAmt0129517
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015205
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015205
IRS990ScheduleD/OtherRevenueAmt047577
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0129517
IRS990ScheduleD/RevenueNotReportedAmt047577
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0129517
IRS990ScheduleD/RevenueSubtotalAmt04294961
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2011 AND EARLIER. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES, NET TO REVENUE 10,100 LOSS ON DISPOSAL INCLUDED IN EXPENSES 37,477
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2MERCHANDISE COSTS NETTED AGAINST REVENUE 129,517
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES, NET TO REVENUE 10,100 LOSS ON DISPOSAL INCLUDED IN EXPENSES 37,477
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4MERCHANDISE COSTS NETTED AGAINST REVENUE 129,517
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0541340

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,880,569
Liabilities
$1,848,738
Net assets
$1,031,831
Revenue
$4,424,478
Expenses
$4,075,208
Net income
$349,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$2.10$5.75$4.94$4.59$0.35
2023Summary only. Only limited summary data is available for this year.$7.46$2.44$5.02$4.22$4.07$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.86$2.99$4.87$5.30$3.42$1.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.40$2.41$2.99$3.09$1.08$2.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$2.63$0.98$3.47$3.68$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$2.84$1.20$6.46$7.45$0.99
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$2.85$2.19$6.48$5.56$0.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$1.42$1.27$5.38$5.16$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$1.64$1.05$4.02$3.99$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.88$1.85$1.03$4.42$4.08$0.35
2014Detailed filing. Detailed filing data is available for this year.$2.12$1.44$0.68$2.93$2.83$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.69$0.58$2.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.79$0.52$1.23
2011Summary only. Only limited summary data is available for this year.$0.90$0.39$0.51$0.94$1.18$0.23