Civic Intelligence

The Palace Performing Arts Center Inc

990 • Fiscal year 2020 • EIN 14-1708151

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 11, 2020

Organization ProfileWWW.PALACEALBANY.ORG

View Organization Page

19 Clinton AvenueAlbany, NY 12207

(518) 465-3335

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.73x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.76x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Net Margin

33rd percentile

-6.2%

Higher net margin than 33% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$134,714

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Asset Growth

8th percentile

-10%

Faster asset growth than 8% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-46%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,613,053

Down $423,044 (-10%) from 2019

Net Assets

Down

$983,380

Down $214,882 (-18%) from 2019

Liabilities

Down

$2,629,673

Down $208,162 (-7.3%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin33rd percentile

Revenue

Down

$3,467,210

Down $2,988,552 (-46%) from 2019

Expenses

Down

$3,682,092

Down $3,767,371 (-51%) from 2019

Net Income

Up

-$214,882

Up $778,819 (+78%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2020

Assets$3,613,053
Liabilities$2,629,673
Net Assets$983,380
Open 2020 Filing

Operations Trend

Revenue Growth17th 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

2020

Revenue$3,467,210
Expenses$3,682,092
Net Income-$214,882
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 11, 2020
Return Version
2019v5.0
Gross Receipts
$3,499,102
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
Land, Buildings, and Equipment, Net$2,164,364$2,113,561▼ $50,803
Cash and Non-Interest-Bearing Accounts$1,039,236$798,029▼ $241,207
Savings and Temporary Cash Investments$218,062$311,987▲ $93,925
Accounts Receivable$157,054$131,092▼ $25,962
Investments in Publicly Traded Securities$273,589$125,830▼ $147,759
Prepaid Expenses and Deferred Charges$121,860$111,314▼ $10,546
Inventories for Sale or Use$32,591--
Intangible Assets$29,341$21,240▼ $8,101
Total Assets$4,036,097$3,613,053▼ $423,044
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,118,831$1,559,974▲ $441,143
Accounts Payable and Accrued Expenses$1,500,377$984,720▼ $515,657
Deferred Revenue$218,627$84,979▼ $133,648
Total Liabilities$2,837,835$2,629,673▼ $208,162
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,198,262$983,380▼ $214,882
Total Net Assets Fund Balance$1,198,262$983,380▼ $214,882
Total Liabilities and Net Assets / Fund Balance$4,036,097$3,613,053▼ $423,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$786,624$54,310$840,934
Land$657,456-$657,456
Leasehold Improvements$299,070$169,913$468,983
Equipment$87,250$330,399$417,649
Other Land Buildings$283,161$23,406$306,567
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
William PiskutzExecutive DiFT$134,714$134,714
Julia ElbaumDirector ofFT$125,178$125,178
Daniel TaylorDirector-opeFT$108,566$108,566
Susan FogartyExecutive Di-$106,025$106,025
Susan FogartyExecutive Director-$106,025$106,025

Board Members and Trustees

NameTitle
Stephen P BaboulisChairman
Alan GoldbergChairman Eme
John Bennett MdVice Chairma
Dominick PurnomoBoard Member
George R Hearst IiiBoard Member
KEVIN O'CONNORBoard Member
Marilyn PendergastBoard Member
Mark EaganBoard Member
Philip CalderoneBoard Member
THOMAS E D'AMBRABoard Member
Walter BorisenokBoard Member
Kathy M SheehanBoardmember
Randolph F TreeceBoardmember
Jeffrey StoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,106
Program Service Revenue
$3,277,130
Investment Income
$3,382
Other Revenue
$49,592
All Other Contributions
$137,106
Change in Net Assets
$-214,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,467,210
Revenue Not Reported on Form 990
$31,892
Total Revenue per Audited Statements
$3,499,102
Total Revenue per Form 990
$3,467,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,329,667
Salaries, Compensation, and Employee Benefits$1,352,425
Total Fundraising Expense$131,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,163$634,807$89,973$933,943
All Other Expenses$186,923$73,594$12,995$273,512
Other Employee Benefits$54,662$116,333$15,621$186,616
Other Expenses$154,650--$154,650
Insurance$26,250$122,087-$148,337
Current Officers, Directors, Trustees, and Key Employees$105,666$35,222-$140,888
Payroll Taxes$26,648$56,714$7,616$90,978
Depreciation Depletion$59,488$19,200-$78,688
Interest-$22,277-$22,277
Fees for Services Accounting-$18,530-$18,530
Advertising$10,605$2,475$5,140$18,220
Fees for Services Legal-$12,896-$12,896
Conferences and Meetings-$6,472-$6,472
Fees for Services Other-$2,821-$2,821
Travel-$102-$102
Total Functional Expenses$2,427,217$1,123,530$131,345$3,682,092

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,713,984
Expenses per Audited Statements$3,682,092
Total Expenses per Form 990$3,682,092
Expenses Not Reported on Form 990$31,892
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,419
Fundraising Direct Expenses$31,892
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$81,419$81,419$31,892$49,527
Total Events$81,419$81,419$31,892$49,527
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 35% controlled entity
No
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
No
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 11B

“The 990 is presented to the board of directors for their review and approval prior to filing the return.”

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's hiring process for the current executive director was conducted by the executive committee with a phone vote held for the full board. The appropriate level of compensation was determined by two board members with approval by the full board.”

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
5184653335
Address
19 CLINTON AVENUE, ALBANY, NY 12207

Signing Officer

Name
Jeffrey Stone
Title
Treasurer
Phone
5184653335
Signed
2020-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen P Baboulis
Formed
1988
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
101
Volunteers
225

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, Page 2, Part III, Line 4D

“To operate the palace theater and fully utilize its cultural and civic value to the community.”

Form 990, Part XI, Line 9

“Fund raising expenses, netted to revenue 31,892 fund rasing expenses, netted to revenue -31,892”

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. The adoption of this standard resulted in no uncertain tax benefits or provisions identified and recorded as a liability or asset. The palace believes that there are no tax positions taken or expected to be taken that would significantly increase or decrease unrecognized tax benefits within 12 months of the reporting date.”

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

“Fund raising expenses, netted to revenue 31,892”

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

“Fund rasing expenses, netted to revenue 31,892”

Raw XML AppendixShowing 400 of 550 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01500377
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0984720
IRS990/AccountsReceivableGrp/BOYAmt0157054
IRS990/AccountsReceivableGrp/EOYAmt0131092
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY.
IRS990/AdvertisingGrp/FundraisingAmt05140
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02475
IRS990/AdvertisingGrp/ProgramServicesAmt010605
IRS990/AdvertisingGrp/TotalAmt018220
IRS990/AllOtherContributionsAmt0137106
IRS990/AllOtherExpensesGrp/FundraisingAmt012995
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt073594
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0186923
IRS990/AllOtherExpensesGrp/TotalAmt0273512
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JULIA ELBAUM
IRS990/BooksInCareOfDetail/PhoneNum05184653335
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt019 CLINTON AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012207
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01039236
IRS990/CashNonInterestBearingGrp/EOYAmt0798029
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt035222
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0105666
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0140888
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt06472
IRS990/ConferencesMeetingsGrp/TotalAmt06472
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0137106
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03382
IRS990/CYOtherExpensesAmt02329667
IRS990/CYOtherRevenueAmt049592
IRS990/CYProgramServiceRevenueAmt03277130
IRS990/CYRevenuesLessExpensesAmt0-214882
IRS990/CYSalariesCompEmpBnftPaidAmt01352425
IRS990/CYTotalExpensesAmt03682092
IRS990/CYTotalFundraisingExpenseAmt0131345
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03467210
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0218627
IRS990/DeferredRevenueGrp/EOYAmt084979
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt019200
IRS990/DepreciationDepletionGrp/ProgramServicesAmt059488
IRS990/DepreciationDepletionGrp/TotalAmt078688
IRS990/Desc0TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0101
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02427217
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018530
IRS990/FeesForServicesAccountingGrp/TotalAmt018530
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt012896
IRS990/FeesForServicesLegalGrp/TotalAmt012896
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02821
IRS990/FeesForServicesOtherGrp/TotalAmt02821
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN P BABOULIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN BENNETT MD
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY STONE
IRS990/Form990PartVIISectionAGrp/PersonNm3ALAN GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm4WALTER BORISENOK
IRS990/Form990PartVIISectionAGrp/PersonNm5PHILIP CALDERONE
IRS990/Form990PartVIISectionAGrp/PersonNm6THOMAS E D'AMBRA
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK EAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm8GEORGE R HEARST III
IRS990/Form990PartVIISectionAGrp/PersonNm9KEVIN O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm10MARILYN PENDERGAST
IRS990/Form990PartVIISectionAGrp/PersonNm11DOMINICK PURNOMO
IRS990/Form990PartVIISectionAGrp/PersonNm12KATHY M SHEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm13RANDOLPH F TREECE
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM PISKUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm15SUSAN FOGARTY
IRS990/Form990PartVIISectionAGrp/PersonNm16JULIA ELBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm17DANIEL TAYLOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14134714
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15106025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16125178
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17108566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN EME
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/TitleTxt12BOARDMEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARDMEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR-OPE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt031892
IRS990/FundraisingGrossIncomeAmt081419
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03499102
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0122087
IRS990/InsuranceGrp/ProgramServicesAmt026250
IRS990/InsuranceGrp/TotalAmt0148337
IRS990/IntangibleAssetsGrp/BOYAmt029341
IRS990/IntangibleAssetsGrp/EOYAmt021240
IRS990/InterestGrp/ManagementAndGeneralAmt022277
IRS990/InterestGrp/TotalAmt022277
IRS990/InventoriesForSaleOrUseGrp/BOYAmt032591
IRS990/InvestmentIncomeGrp/ExclusionAmt03382
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03382
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0273589
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0125830
IRS990/IRPDocumentCnt063
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0578028
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02164364
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02113561
IRS990/LandBldgEquipCostOrOtherBssAmt02691589
IRS990/LegalDomicileStateCd0NY
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/BOYAmt01118831
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01559974
IRS990/NetAssetsOrFundBalancesBOYAmt01198262
IRS990/NetAssetsOrFundBalancesEOYAmt0983380
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt049527
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt049527
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01198262
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0983380
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015621
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0116333
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186616
IRS990/OtherExpensesGrp/Desc0OTHER EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1ARTIST & PROMOTER FEES
IRS990/OtherExpensesGrp/Desc2OUTSIDE LABOR
IRS990/OtherExpensesGrp/Desc3MEDIA & MARKETING
IRS990/OtherExpensesGrp/ProgramServicesAmt0697252
IRS990/OtherExpensesGrp/ProgramServicesAmt1628098
IRS990/OtherExpensesGrp/ProgramServicesAmt2267812
IRS990/OtherExpensesGrp/ProgramServicesAmt3154650
IRS990/OtherExpensesGrp/TotalAmt0697252
IRS990/OtherExpensesGrp/TotalAmt1628098
IRS990/OtherExpensesGrp/TotalAmt2267812
IRS990/OtherExpensesGrp/TotalAmt3154650
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt065
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt065
IRS990/OtherRevenueTotalAmt065
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt089973
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0634807
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0209163
IRS990/OtherSalariesAndWagesGrp/TotalAmt0933943
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07616
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt056714
IRS990/PayrollTaxesGrp/ProgramServicesAmt026648
IRS990/PayrollTaxesGrp/TotalAmt090978
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121860
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0111314
IRS990/PrincipalOfficerNm0STEPHEN P BABOULIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc2CONTRACT SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03094280
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1171183
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211667
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03094280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1171183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211667
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO OPERATE THE PALACE THEATER AND FULLY UTILIZE ITS CULTURAL AND CIVIC VALUE TO THE COMMUNITY.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0242644
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012767
IRS990/PYOtherExpensesAmt05724655
IRS990/PYOtherRevenueAmt0287
IRS990/PYProgramServiceRevenueAmt06200064
IRS990/PYRevenuesLessExpensesAmt0-993701
IRS990/PYSalariesCompEmpBnftPaidAmt01724808
IRS990/PYTotalExpensesAmt07449463
IRS990/PYTotalRevenueAmt06455762
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-214882
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03277130
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0218062
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0311987
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE 12,446 NET INCOME FROM FUNDRAISING EVENTS 286,429
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0137106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0242644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01218980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338766
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0278910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02216406
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03382
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012767
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01327
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024179
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014632204
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt065
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0287
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt098823
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0114441
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt085324
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0298940
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87280
IRS990ScheduleA/PublicSupportPY170Pct00.86360
IRS990ScheduleA/PublicSupportTotal170Amt02216406
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0137106
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0242644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01218980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0278910
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02216406
IRS990ScheduleA/TotalSupportAmt02539525
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,613,053
Liabilities
$2,629,673
Net assets
$983,380
Revenue
$3,467,210
Expenses
$3,682,092
Net income
-$214,882
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • NTEE A61Z • $1M-$5M nonprofits