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← CANTON PALACE THEATER ASSOCIATION

Form 990 for tax year 2023

Filed by CANTON PALACE THEATER ASSOCIATION.

Totals

Total revenue
$4,918,574
Total expenses
$1,258,903
Contributions and grants received
$4,142,029
Grants paid
$0
Program service revenue
$761,565
Investment income
$679
Other revenue
$14,301
Total assets, end of year
$5,644,056
Total liabilities, end of year
$220,084
Net assets or fund balances, end of year
$5,423,972
Program services expenses (Part IX)
$1,035,935
Management and general expenses
$163,268
Fundraising expenses
$59,700
Program service expenses (Part III)
$1,035,935

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $24,984

  • 1b · Membership dues

    $62,245

  • 1c · Fundraising events

    $3,000

  • 1f · All other contributions, gifts and grants

    $4,051,800

  • 2a · Program service revenue: THEATRE RENTAL

    total $475,658 · related or exempt $475,658

  • 2b · Program service revenue: CONCESSIONS

    total $183,949 · related or exempt $183,949

  • 2c · Program service revenue: ADMISSIONS

    total $78,072 · related or exempt $78,072

  • 2d · Program service revenue: MISCELLANEOUS

    total $23,886 · related or exempt $23,886

  • 3 · Investment income

    total $679 · excluded $679

  • 8a · Fundraising events: gross income

    $30,760

  • 8a · Fundraising events: contributions included on line 1c

    $3,000

  • 8b · Fundraising events: direct expenses

    $16,459

  • 8c · Net income from fundraising events

    total $14,301 · excluded $14,301

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,250 · program services $61,214 · management and general $16,036

  • 7 · Other salaries and wages

    total $300,383 · program services $238,029 · management and general $62,354

  • 8 · Pension plan contributions

    total $1,350 · program services $1,070 · management and general $280

  • 9 · Other employee benefits

    total $4,473 · program services $3,544 · management and general $929

  • 10 · Payroll taxes

    total $24,636 · program services $19,522 · management and general $5,114

  • 11b · Fees: legal

    total $4,726 · management and general $4,726

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11g · Fees: other

    total $158,926 · program services $80,828 · management and general $18,398 · fundraising $59,700

  • 12 · Advertising and promotion

    total $68,988 · program services $68,988

  • 13 · Office expenses

    total $42,264 · program services $27,581 · management and general $14,683

  • 14 · Information technology

    total $8,296 · program services $125 · management and general $8,171

  • 16 · Occupancy

    total $119,352 · program services $114,235 · management and general $5,117

  • 19 · Conferences, conventions and meetings

    total $10,575 · program services $10,575

  • 20 · Interest

    total $4,807 · management and general $4,807

  • 22 · Depreciation, depletion and amortization

    total $124,479 · program services $124,051 · management and general $428

  • 23 · Insurance

    total $2,059 · management and general $2,059

  • 24a · Other expenses: PRODUCTION AND THEATRE

    total $203,974 · program services $203,974

  • 24b · Other expenses: CONCESSIONS

    total $55,183 · program services $55,183

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $24,598 · program services $24,598

  • 24d · Other expenses: PROCESSING FEES

    total $10,006 · management and general $10,006

  • 24e · All other expenses

    total $2,578 · program services $2,418 · management and general $160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,707 · end of year $317,373

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,771,932

  • 4 · Accounts receivable

    beginning of year $5,312 · end of year $13,978

  • 10a · Land, buildings and equipment: cost or other basis

    $7,535,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,058,542

  • 10c · Land, buildings and equipment, net

    beginning of year $1,461,695 · end of year $3,476,640

  • 11 · Investments: publicly traded securities

    beginning of year $1,505 · end of year $1,505

  • 12 · Investments: other securities

    beginning of year $49,139 · end of year $58,184

  • 15 · Other assets

    beginning of year $8,767 · end of year $4,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,834 · end of year $43,980

  • 19 · Deferred revenue

    beginning of year $32,780 · end of year $21,660

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $8,767 · end of year $4,444

  • 27 · Net assets without donor restrictions

    beginning of year $1,652,002 · end of year $3,566,870

  • 28 · Net assets with donor restrictions

    beginning of year $103,742 · end of year $1,857,102

Mission and programs · 2023

Mission

THE CANTON PALACE THEATRE ASSOCIATION MAINTAINS THE ARCHITECTURAL INTEGRITY OF ITS HISTORIC THEATRE AND PARTNERS WITH OTHERS TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.

Activities or mission (Part I)

TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.

  • THE CANTON PALACE THEATRE ASSOCIATION MAINTAINS THE ARCHITECTURAL INTEGRITY OF ITS HISTORIC THEATRE AND PARTNERS WITH OTHERS TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.

    Expenses $1,035,935 · Revenue $761,565

As filed on the 2023 return.

Listed in Part VII

  • Todd Herberghs

    EXECUTIVE VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ford

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Heather Null

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chip Conde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Iams Kuntz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathy Wyatt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jason Baasten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • H Thomas Hale III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Sturdivant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Emrick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Forchione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Wolfe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Georgia Paxos

    EXECUTIVE DIRECTOR

    Total calculated
    $77,250
    From this org
    $75,000
    From related orgs
    $0
    Other
    $2,250
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202520169349301377

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