Totals
- Total revenue
- $4,864,444
- Total expenses
- $4,770,377
- Contributions and grants received
- $1,580,674
- Grants paid
- $0
- Program service revenue
- $3,035,196
- Investment income
- $121,738
- Other revenue
- $126,836
- Total assets, end of year
- $7,806,972
- Total liabilities, end of year
- $1,244,233
- Net assets or fund balances, end of year
- $6,562,739
- Program services expenses (Part IX)
- $3,897,302
- Management and general expenses
- $490,763
- Fundraising expenses
- $382,312
- Program service expenses (Part III)
- $3,897,302
Program services were 81.7% 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.
-
1c · Fundraising events
$106,119
-
1e · Government grants (contributions)
$844,332
-
1f · All other contributions, gifts and grants
$630,223
-
1g · Noncash contributions included above
$9,021
-
2a · Program service revenue: EVENTS AND SHOW REVENUE
total $2,724,416 · related or exempt $2,724,416
-
2b · Program service revenue: WAMS PROGRAM INCOME
total $250,000 · related or exempt $250,000
-
2c · Program service revenue: RESTORATION FEES
total $36,452 · related or exempt $36,452
-
2d · Program service revenue: PARKING INCOME
total $24,328 · related or exempt $24,328
-
3 · Investment income
total $63,657 · excluded $63,657
-
6a · Gross rents
real property $109,239
-
6b · Less rental expenses
real property $140,846
-
6c · Rental income or loss
real property -$31,607
-
6d · Net rental income or loss
total -$31,607 · related or exempt -$31,607
-
7a · Gross sales of assets other than inventory
securities $541,513 · other assets $29,348
-
7b · Less cost or other basis and sales expenses
securities $512,780
-
7c · Gain or loss
securities $28,733 · other assets $29,348
-
7d · Net gain or loss
total $58,081 · excluded $58,081
-
8a · Fundraising events: gross income
$41,356
-
8a · Fundraising events: contributions included on line 1c
$106,119
-
8b · Fundraising events: direct expenses
$41,356
-
10a · Gross sales of inventory
$288,545
-
10b · Cost of goods sold
$154,253
-
10c · Net income from sales of inventory
total $134,292 · excluded $134,292
-
11a · Other revenue: PLAYBILL ADVERTISING
total $19,450 · unrelated business $19,450
-
11b · Other revenue: MISCELLANEOUS INCOME
total $4,701 · related or exempt $4,701
-
11e · Other revenue, total
$24,151
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $316,122 · program services $72,560 · management and general $171,002 · fundraising $72,560
-
7 · Other salaries and wages
total $723,237 · program services $525,641 · management and general $84,857 · fundraising $112,739
-
9 · Other employee benefits
total $155,433 · program services $114,638 · management and general $23,660 · fundraising $17,135
-
10 · Payroll taxes
total $75,191 · program services $55,285 · management and general $11,545 · fundraising $8,361
-
11b · Fees: legal
total $3,600 · management and general $3,600
-
11c · Fees: accounting
total $32,800 · management and general $32,800
-
11d · Fees: lobbying
total $21,250 · management and general $21,250
-
12 · Advertising and promotion
total $54,781 · program services $54,781
-
13 · Office expenses
total $54,099 · program services $20,543 · management and general $23,837 · fundraising $9,719
-
14 · Information technology
total $51,406 · program services $28,135 · management and general $9,856 · fundraising $13,415
-
16 · Occupancy
total $365,411 · program services $267,438 · management and general $56,821 · fundraising $41,152
-
19 · Conferences, conventions and meetings
total $9,851 · management and general $5,477 · fundraising $4,374
-
22 · Depreciation, depletion and amortization
total $94,189 · program services $67,414 · management and general $14,078 · fundraising $12,697
-
23 · Insurance
total $65,568 · program services $48,210 · management and general $10,067 · fundraising $7,291
-
24a · Other expenses: EVENT\SHOW DIRECT EXPENSE
total $2,288,151 · program services $2,288,151
-
24b · Other expenses: WAMS EXPENSE
total $163,561 · program services $163,561
-
24c · Other expenses: PUBLIC RELATIONS & MARKET
total $92,283 · program services $13,630 · fundraising $78,653
-
24d · Other expenses: CREDIT CARD FEES
total $90,556 · program services $90,556
-
24e · All other expenses
total $112,888 · program services $86,759 · management and general $21,913 · fundraising $4,216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,740 · end of year $9,740
-
2 · Savings and temporary cash investments
beginning of year $3,190,466 · end of year $3,583,679
-
4 · Accounts receivable
beginning of year $69,427 · end of year $98,260
-
8 · Inventories for sale or use
beginning of year $12,448 · end of year $21,394
-
9 · Prepaid expenses and deferred charges
beginning of year $38,013 · end of year $100,047
-
10a · Land, buildings and equipment: cost or other basis
$1,577,786
-
10b · Land, buildings and equipment: accumulated depreciation
$1,106,444
-
10c · Land, buildings and equipment, net
beginning of year $526,980 · end of year $471,342
-
11 · Investments: publicly traded securities
beginning of year $3,290,693 · end of year $3,500,562
-
15 · Other assets
end of year $21,948
-
17 · Accounts payable and accrued expenses
beginning of year $259,529 · end of year $210,828
-
19 · Deferred revenue
beginning of year $671,897 · end of year $1,011,457
-
25 · Other liabilities
end of year $21,948
-
27 · Net assets without donor restrictions
beginning of year $6,004,697 · end of year $6,334,055
-
28 · Net assets with donor restrictions
beginning of year $201,644 · end of year $228,684
Mission and programs · 2022
Mission
THE PALACE THEATER GROUP'S MISSION IS TO GENERATE A POSITIVE ARTISTIC, CULTURAL, EDUCATIONAL,SOCIAL AND FINANCIAL IMPACT IN THE GREATER WATERBURY CONNECTICUT AREA BY MAINTAINING THE PALACE THEATER. TO PRESERVE AND OPERATE THE HISTORIC PALACE THEATER AS A PERFORMING ARTS CENTER AND COMMUNITY GATHERING PLACE THAT PROVIDES A FOCAL POINT OF CULTURAL ACTIVITY AND EDUCATIONAL OUTREACH FOR DIVERSE AUDIENCES.
-
PRESENTATION OF VARIOUS PLAYS AND SHOWS TO PROMOTE INTEREST IN THE THEATRE ARTS IN THE GREATER WATERBURY CONNECTICUT AREA.
Expenses $3,897,302 · Revenue $3,035,196
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
FRANK TAVERA
CHIEF EXEC.
- Total calculated
- $217,777
- From this org
- $217,777
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $217,777
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $217,777
-
SANDRA ROSA
FINANCE OFFI
- Total calculated
- $106,284
- From this org
- $90,251
- From related orgs
- $0
- Other
- $16,033
- Hours/week
- 37.5
-
VANESSA AGUILAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHAE APLAND
MARKETING CO
- Total calculated
- $0
- Hours/week
- 0.5
-
DORA BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
KATHLEEN BROCHHAUSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARY GRACE CAVALLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BETH DEVINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
R MICHAEL EPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID FERRARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CAROLYN HIGHSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JC HOPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN HOPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR PETER JACOBY
PAST CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
DR SCOTT KURTZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARGARET LAWLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVE MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARTIN MORGADO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL O'CONNOR
VICE CHAIR/T
- Total calculated
- $0
- Hours/week
- 0.5
-
PAUL PERNEREWSKI
CHAIRMAN-PRI
- Total calculated
- $0
- Hours/week
- 0.5
-
LYNNETTE LETSKY PIOMBO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRISTOPHER REMPFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
FELIX RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARY ROSENGRANT-CHIAPPALONE
DEV. COMMITT
- Total calculated
- $0
- Hours/week
- 0.5
-
TIMOTHY ROURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DR VERNA D RUFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JACK SENICH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430619349301003
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