Civic Intelligence

Historic Palace Inc

990 • Fiscal year 2016 • EIN 16-1596628

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileWWW.LOCKPORTPALACETHEATRE.COM
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

66th percentile

0.15x

Higher debt load relative to assets than 66% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.20x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Net Margin

52nd percentile

2.1%

Higher net margin than 52% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Asset Growth

43rd percentile

-0.0%

Faster asset growth than 43% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$742,312

Down $152 (-0.0%) from 2015

Net Assets

Up

$631,081

Up $11,624 (+1.9%) from 2015

Liabilities

Down

$111,231

Down $11,776 (-9.6%) from 2015

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin52nd percentile

Revenue

Up

$560,506

Up $84,609 (+18%) from 2015

Expenses

Up

$548,882

Up $64,567 (+13%) from 2015

Net Income

Up

$11,624

Up $20,042 (+238%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

2016

Assets$742,312
Liabilities$111,231
Net Assets$631,081
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

2016

Revenue$560,506
Expenses$548,882
Net Income$11,624
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$597,667
Mission and Program Overview

Mission

Preserving and maintaining community historic theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$672,976$672,565▼ $411
Cash and Non-Interest-Bearing Accounts$55,695$51,398▼ $4,297
Other Notes and Loans Receivable, Net$6,378$9,139▲ $2,761
Prepaid Expenses and Deferred Charges$4,160$6,164▲ $2,004
Intangible Assets$3,255$3,046▼ $209
Total Assets$742,464$742,312▼ $152
Liabilities
Other Liabilities$74,906$70,709▼ $4,197
Accounts Payable and Accrued Expenses$48,101$40,522▼ $7,579
Total Liabilities$123,007$111,231▼ $11,776
Net Assets / Fund Balance
Unrestricted Net Assets$619,457$631,081▲ $11,624
Total Net Assets Fund Balance$619,457$631,081▲ $11,624
Total Liabilities and Net Assets / Fund Balance$742,464$742,312▼ $152

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$672,565$495,634$1,168,199
Compensation and Service Providers
Top Officer Pay49th percentile

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
Sue GlynnSecretary
David WohlebenTreasurer
Phil CzarnecikVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$147,132
Program Service Revenue
$350,297
Investment Income
$0
Other Revenue
$63,077
All Other Contributions
$139,632
Change in Net Assets
$11,624

Audited Revenue Reconciliation

Revenue per Audited Statements
$560,506
Total Revenue per Audited Statements
$560,506
Total Revenue per Form 990
$560,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$454,219
Salaries, Compensation, and Employee Benefits$94,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$38,793$69,357-$108,150
Other Salaries and Wages$23,666$70,997-$94,663
Depreciation Depletion$15,430$46,320-$61,750
Other Expenses$9,810$29,430-$39,240
Insurance$3,983$11,950-$15,933
Interest-$4,835-$4,835
Total Functional Expenses$315,993$232,889$0$548,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$548,882
Total Expenses per Audited Statements$548,882
Total Expenses per Form 990$548,882
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$70,709
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
2017-11-14

Organization Details

Principal Officer
Ellen Schratz
Formed
2000
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
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

“Promotion 38,793 0 0 repairs & maintenance 0 27,390 0 supplies 0 25,299 0 miscellaneous 0 6,862 0 telephone 0 5,250 0 office expense 0 3,251 0 postage 0 1,305 0 total 38,793 69,357 0”

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350297
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350297
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0112482
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0380861
IRS990/PYOtherRevenueAmt046595
IRS990/PYProgramServiceRevenueAmt0316820
IRS990/PYRevenuesLessExpensesAmt0-8418
IRS990/PYSalariesCompEmpBnftPaidAmt0103454
IRS990/PYTotalExpensesAmt0484315
IRS990/PYTotalRevenueAmt0475897
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt011624
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0350297
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0147132
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0112482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0110769
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0112453
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0287562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0770398
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0450535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0400528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0441993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0455633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0400095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02148784
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94130
IRS990ScheduleA/PublicSupportPY509Pct00.93600
IRS990ScheduleA/PublicSupportTotal509Amt02747962
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0171220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0171220
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0171220
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0171220
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0597667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0513010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0552762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0568086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0687657
IRS990ScheduleA/Total509Grp/TotalAmt02919182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0597667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0513010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0552762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0568086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0687657
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02919182
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/ExpensesSubtotalAmt0548882
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0672565
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0495634
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01168199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt070709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0560506
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0672565
IRS990ScheduleD/TotalExpensesPerForm990Amt0548882
IRS990ScheduleD/TotalLiabilityAmt070709
IRS990ScheduleD/TotalRevenuePerForm990Amt0560506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0560506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0548882
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/ExplanationTxt2PROMOTION 38,793 0 0 REPAIRS & MAINTENANCE 0 27,390 0 SUPPLIES 0 25,299 0 MISCELLANEOUS 0 6,862 0 TELEPHONE 0 5,250 0 OFFICE EXPENSE 0 3,251 0 POSTAGE 0 1,305 0 TOTAL 38,793 69,357 0
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0742464
IRS990/TotalAssetsEOYAmt0742312
IRS990/TotalAssetsGrp/BOYAmt0742464
IRS990/TotalAssetsGrp/EOYAmt0742312
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0147132
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232889
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315993
IRS990/TotalFunctionalExpensesGrp/TotalAmt0548882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0123007
IRS990/TotalLiabilitiesEOYAmt0111231
IRS990/TotalLiabilitiesGrp/BOYAmt0123007
IRS990/TotalLiabilitiesGrp/EOYAmt0111231
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0619457
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0631081
IRS990/TotalProgramServiceExpensesAmt0315993
IRS990/TotalProgramServiceRevenueAmt0350297
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0413374
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0560506
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0742464
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0742312
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0619457
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0631081
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.LOCKPORTPALACETHEATRE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELLEN SCHRATZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HISTORIC PALACE INC
ReturnHeader/Filer/BusinessNameControlTxt0HIST

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$742,312
Liabilities
$111,231
Net assets
$631,081
Revenue
$560,506
Expenses
$548,882
Net income
$11,624
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