Civic Intelligence

Historic Palace Inc

990 • Fiscal year 2015 • EIN 16-1596628

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 08, 2016

2 East AvenueLockport, NY 14095

(716) 438-1130

Siviq Scores

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

Liabilities / Assets

67th percentile

0.17x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

0.26x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Asset Growth

33rd percentile

-3.3%

Faster asset growth than 33% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-8.6%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$742,464

Down $25,392 (-3.3%) from 2014

Net Assets

Down

$619,457

Down $8,422 (-1.3%) from 2014

Liabilities

Down

$123,007

Down $16,970 (-12%) from 2014

Revenue

Down

$475,897

Down $44,999 (-8.6%) from 2014

Expenses

Down

$484,315

Down $119,337 (-20%) from 2014

Net Income

Up

-$8,418

Up $74,338 (+90%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $617,481Liabilities 2011: $123,707Net Assets 2011: $493,7742011Assets 2012: $802,759Liabilities 2012: $114,671Net Assets 2012: $688,0882012Assets 2013: $840,041Liabilities 2013: $129,405Net Assets 2013: $710,6362013Assets 2014: $767,856Liabilities 2014: $139,977Net Assets 2014: $627,8792014Assets 2015: $742,464Liabilities 2015: $123,007Net Assets 2015: $619,4572015Assets 2016: $742,312Liabilities 2016: $111,231Net Assets 2016: $631,0812016Assets 2017: $839,118Liabilities 2017: $113,664Net Assets 2017: $725,4542017Assets 2018: $1,149,383Liabilities 2018: $92,060Net Assets 2018: $1,057,3232018Assets 2019: $1,927,686Liabilities 2019: $279,211Net Assets 2019: $1,648,4752019Assets 2020: $2,775,946Liabilities 2020: $1,072,974Net Assets 2020: $1,702,9722020Assets 2021: $3,290,821Liabilities 2021: $1,029,435Net Assets 2021: $2,261,3862021Assets 2022: $4,212,813Liabilities 2022: $979,906Net Assets 2022: $3,232,9072022Assets 2023: $3,365,654Liabilities 2023: $350,039Net Assets 2023: $3,015,6152023Assets 2024: $3,303,004Liabilities 2024: $507,836Net Assets 2024: $2,795,1682024

Highlighted filing

2015

Assets$742,464
Liabilities$123,007
Net Assets$619,457

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $321,2192011Expenses 2012: $457,1462012Revenue 2013: $534,111Expenses 2013: $511,558Net Income 2013: $22,5532013Revenue 2014: $520,896Expenses 2014: $603,652Net Income 2014: -$82,7562014Revenue 2015: $475,897Expenses 2015: $484,315Net Income 2015: -$8,4182015Revenue 2016: $560,506Expenses 2016: $548,882Net Income 2016: $11,6242016Revenue 2017: $699,271Expenses 2017: $604,898Net Income 2017: $94,3732017Revenue 2018: $935,804Expenses 2018: $603,935Net Income 2018: $331,8692018Revenue 2019: $1,142,741Expenses 2019: $551,589Net Income 2019: $591,1522019Revenue 2020: $490,967Expenses 2020: $436,470Net Income 2020: $54,4972020Revenue 2021: $1,162,461Expenses 2021: $604,047Net Income 2021: $558,4142021Revenue 2022: $2,038,484Expenses 2022: $1,036,274Net Income 2022: $1,002,2102022Revenue 2023: $903,639Expenses 2023: $1,120,931Net Income 2023: -$217,2922023Revenue 2024: $994,274Expenses 2024: $1,214,721Net Income 2024: -$220,4472024

Highlighted filing

2015

Revenue$475,897
Expenses$484,315
Net Income-$8,418
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$513,010
Mission and Program Overview

Mission

Preserving and maintaining community historic theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$734,784$672,976▼ $61,808
Cash and Non-Interest-Bearing Accounts$19,599$55,695▲ $36,096
Other Notes and Loans Receivable, Net$3,091$6,378▲ $3,287
Prepaid Expenses and Deferred Charges$6,918$4,160▼ $2,758
Intangible Assets$3,464$3,255▼ $209
Total Assets$767,856$742,464▼ $25,392
Liabilities
Other Liabilities$99,965$74,906▼ $25,059
Accounts Payable and Accrued Expenses$40,012$48,101▲ $8,089
Total Liabilities$139,977$123,007▼ $16,970
Net Assets / Fund Balance
Unrestricted Net Assets$627,879$619,457▼ $8,422
Total Net Assets Fund Balance$627,879$619,457▼ $8,422
Total Liabilities and Net Assets / Fund Balance$767,856$742,464▼ $25,392

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$672,976$434,093$1,107,069
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ellen SchratzPresident
Amy BryanDirector
Anne MccaffreyDirector
Brian SmithDirector
Christopher MarraDirector
Dawn KeoughDirector
Debbie FrancoDirector
Ellen MartinDirector
Ellen RothDirector
Geoff KoplasDirector
George FritzDirector
Jeff SchratzDirector
Jodie HodgeDirector
Rebecca WilsonDirector
Scott DelucaDirector
William WatsonDirector
Sue GlynnSecretary
David WohlebenTreasurer
Phil CzarnecikVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$112,482
Program Service Revenue
$316,820
Investment Income
$0
Other Revenue
$46,595
All Other Contributions
$112,482
Change in Net Assets
$-8,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$475,897
Total Revenue per Audited Statements
$475,897
Total Revenue per Form 990
$475,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$380,861
Salaries, Compensation, and Employee Benefits$103,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,864$77,590-$103,454
All Other Expenses$10,449$77,979-$88,428
Depreciation Depletion$16,848$45,164-$62,012
Other Expenses$45,956--$45,956
Insurance$3,665$10,995-$14,660
Interest-$6,267-$6,267
Total Functional Expenses$266,320$217,995$0$484,315

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$484,319
Expenses per Audited Statements$484,315
Total Expenses per Form 990$484,315
Expenses Not Reported on Form 990$4
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$74,906
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Officers review form 990 for accuracy prior to filing.

Form 990, Page 6, Part VI, Line 19

The financial statements and form 990 are filed with the nys charities bureau and are available to the public on their website.

Filing and Contact Details

Filer

Filer Name
Historic Palace Inc
EIN
16-1596628
Address
2 EAST AVENUE, LOCKPORT, NY 14095

Signing Officer

Name
Ellen Schratz
Title
President
Signed
2016-11-08

Organization Details

Principal Officer
Ellen Schratz
Formed
2000
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
12

Preparer

Firm
Wittlin Cain & Dry Llp
Address
175 WALNUT ST STE 2, LOCKPORT, NY 14094-3775
Preparer
Jay S Dry
Phone
7164382190
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Utilities 10,449 31,349 0 supplies 0 25,841 0 miscellaneous 0 5,460 0 telephone 0 5,320 0 office expense 0 4,148 0 repairs & maintenance 0 3,258 0 postage 0 2,603 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -4 total -4

Financial Statement Notes

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

Book / tax depreciation difference 4

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04160
IRS990/PrincipalOfficerNm0ELLEN SCHRATZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0THEATRE PERFORMANCE & RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0316820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0316820
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0110769
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0454238
IRS990/PYOtherRevenueAmt049027
IRS990/PYProgramServiceRevenueAmt0361100
IRS990/PYRevenuesLessExpensesAmt0-82756
IRS990/PYSalariesCompEmpBnftPaidAmt0149414
IRS990/PYTotalExpensesAmt0603652
IRS990/PYTotalRevenueAmt0520896
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-8418
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0112482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0110769
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0112453
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0287562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt051154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0674420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0400528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0441993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0455633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0400095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0304318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02002567
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93600
IRS990ScheduleA/PublicSupportPY509Pct00.91150
IRS990ScheduleA/PublicSupportTotal509Amt02505767
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0171220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0171220
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0171220
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0171220
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0513010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0552762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0568086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0687657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0355472
IRS990ScheduleA/Total509Grp/TotalAmt02676987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0513010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0552762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0568086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0687657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0355472
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02676987
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/ExpensesNotReportedAmt04
IRS990ScheduleD/ExpensesSubtotalAmt0484315
IRS990ScheduleD/OtherExpensesIncludedAmt04
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0672976
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0434093
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01107069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0475897
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0672976
IRS990ScheduleD/TotalExpensesPerForm990Amt0484315
IRS990ScheduleD/TotalLiabilityAmt074906
IRS990ScheduleD/TotalRevenuePerForm990Amt0475897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0475897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0484319
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW FORM 990 FOR ACCURACY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS AND FORM 990 ARE FILED WITH THE NYS CHARITIES BUREAU AND ARE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UTILITIES 10,449 31,349 0 SUPPLIES 0 25,841 0 MISCELLANEOUS 0 5,460 0 TELEPHONE 0 5,320 0 OFFICE EXPENSE 0 4,148 0 REPAIRS & MAINTENANCE 0 3,258 0 POSTAGE 0 2,603 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -4 TOTAL -4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0767856
IRS990/TotalAssetsEOYAmt0742464
IRS990/TotalAssetsGrp/BOYAmt0767856
IRS990/TotalAssetsGrp/EOYAmt0742464
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112482
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0217995
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266320
IRS990/TotalFunctionalExpensesGrp/TotalAmt0484315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0139977
IRS990/TotalLiabilitiesEOYAmt0123007
IRS990/TotalLiabilitiesGrp/BOYAmt0139977
IRS990/TotalLiabilitiesGrp/EOYAmt0123007
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0627879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0619457
IRS990/TotalProgramServiceExpensesAmt0266320
IRS990/TotalProgramServiceRevenueAmt0316820
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0363415
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475897
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0767856
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0742464
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0627879
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0619457
IRS990/VotingMembersGoverningBodyCnt019

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.51$2.80$0.99$1.21$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.37$0.35$3.02$0.90$1.12$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.21$0.98$3.23$2.04$1.04$1.00
2021Detailed filing. Detailed filing data is available for this year.$3.29$1.03$2.26$1.16$0.60$0.56
2020Detailed filing. Detailed filing data is available for this year.$2.78$1.07$1.70$0.49$0.44$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.93$0.28$1.65$1.14$0.55$0.59
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.09$1.06$0.94$0.60$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.11$0.73$0.70$0.60$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.11$0.63$0.56$0.55$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.12$0.62$0.48$0.48$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.14$0.63$0.52$0.60$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.84$0.13$0.71$0.53$0.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.11$0.69$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.12$0.49$0.32