Totals
- Total revenue
- $6,885,318
- Total expenses
- $7,072,176
- Contributions and grants received
- $1,018,274
- Grants paid
- $0
- Program service revenue
- $5,055,952
- Investment income
- $233,294
- Other revenue
- $577,798
- Total assets, end of year
- $19,516,975
- Total liabilities, end of year
- $5,810,285
- Net assets or fund balances, end of year
- $13,706,690
- Program services expenses (Part IX)
- $4,801,156
- Management and general expenses
- $1,886,837
- Fundraising expenses
- $384,183
- Program service expenses (Part III)
- $4,801,156
Program services were 67.9% 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.
-
1e · Government grants (contributions)
$20,000
-
1f · All other contributions, gifts and grants
$998,274
-
2a · Program service revenue: SHOW REVENUE
total $3,805,016 · related or exempt $3,805,016
-
2b · Program service revenue: YOUTH THEATRE FEES
total $571,036 · related or exempt $571,036
-
2c · Program service revenue: HISTORIC FEE
total $482,675 · related or exempt $482,675
-
2d · Program service revenue: RENTS
total $141,749 · related or exempt $141,749
-
2e · Program service revenue: ADVERTISING INCOME
total $55,476 · related or exempt $55,476
-
3 · Investment income
total $207,415 · excluded $207,415
-
7a · Gross sales of assets other than inventory
securities $962,879
-
7b · Less cost or other basis and sales expenses
securities $937,000
-
7c · Gain or loss
securities $25,879
-
7d · Net gain or loss
total $25,879 · excluded $25,879
-
8a · Fundraising events: gross income
$132,060
-
8b · Fundraising events: direct expenses
$43,872
-
8c · Net income from fundraising events
total $88,188 · excluded $88,188
-
9a · Gaming: gross income
$109,170
-
9c · Net income from gaming
total $109,170 · unrelated business $109,170
-
10a · Gross sales of inventory
$621,309
-
10b · Cost of goods sold
$278,201
-
10c · Net income from sales of inventory
total $343,108 · excluded $343,108
-
11a · Other revenue: MISCELLANEOUS
total $37,332 · related or exempt $37,332
-
11e · Other revenue, total
$37,332
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $225,004 · management and general $225,004
-
7 · Other salaries and wages
total $2,247,786 · program services $1,387,641 · management and general $674,826 · fundraising $185,319
-
8 · Pension plan contributions
total $25,000 · program services $14,029 · management and general $9,097 · fundraising $1,874
-
9 · Other employee benefits
total $113,308 · program services $63,585 · management and general $41,232 · fundraising $8,491
-
10 · Payroll taxes
total $191,888 · program services $107,681 · management and general $69,827 · fundraising $14,380
-
11c · Fees: accounting
total $41,760 · program services $23,434 · management and general $15,196 · fundraising $3,130
-
11f · Fees: investment management
total $39,238 · management and general $39,238
-
11g · Fees: other
total $58,977 · program services $33,096 · management and general $21,462 · fundraising $4,419
-
12 · Advertising and promotion
total $348,097 · program services $195,340 · management and general $126,670 · fundraising $26,087
-
16 · Occupancy
total $489,940 · program services $274,937 · management and general $178,285 · fundraising $36,718
-
20 · Interest
total $134,440 · program services $75,442 · management and general $48,922 · fundraising $10,076
-
22 · Depreciation, depletion and amortization
total $446,473 · program services $328,297 · management and general $118,176
-
23 · Insurance
total $127,249 · program services $71,408 · management and general $46,305 · fundraising $9,536
-
24a · Other expenses: PRODUCTION COSTS
total $1,315,362 · program services $1,315,362
-
24b · Other expenses: SUBCONTRACTORS
total $569,831 · program services $569,831
-
24c · Other expenses: CREDIT CARD FEES
total $222,968 · program services $125,122 · management and general $81,136 · fundraising $16,710
-
24d · Other expenses: OTHER
total $196,139 · program services $69,177 · management and general $112,819 · fundraising $14,143
-
24e · All other expenses
total $278,716 · program services $146,774 · management and general $78,642 · fundraising $53,300
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $98,016 · end of year $646,988
-
2 · Savings and temporary cash investments
beginning of year $4,776,108 · end of year $3,429,826
-
3 · Pledges and grants receivable
beginning of year $41,375 · end of year $19,275
-
4 · Accounts receivable
beginning of year $8,118 · end of year $19,622
-
8 · Inventories for sale or use
beginning of year $2,350 · end of year $1,475
-
10a · Land, buildings and equipment: cost or other basis
$11,261,153
-
10b · Land, buildings and equipment: accumulated depreciation
$4,712,824
-
10c · Land, buildings and equipment, net
beginning of year $4,298,051 · end of year $6,548,329
-
11 · Investments: publicly traded securities
beginning of year $5,973,442 · end of year $6,781,203
-
15 · Other assets
beginning of year $2,235,107 · end of year $2,070,257
-
17 · Accounts payable and accrued expenses
beginning of year $300,470 · end of year $419,302
-
19 · Deferred revenue
beginning of year $491,257 · end of year $677,210
-
23 · Secured mortgages and notes payable
beginning of year $809,525 · end of year $2,014,942
-
24 · Unsecured notes and loans payable
beginning of year $20,000 · end of year $20,000
-
25 · Other liabilities
beginning of year $2,844,162 · end of year $2,678,831
-
27 · Net assets without donor restrictions
beginning of year $7,120,357 · end of year $7,058,101
-
28 · Net assets with donor restrictions
beginning of year $5,846,796 · end of year $6,648,589
Mission and programs · 2023
Mission
TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES.
-
ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATION CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION.
Expenses $4,801,156 · Revenue $5,055,952
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
PETER RAMSEY
CEO
- Total calculated
- $266,225
- From this org
- $225,004
- From related orgs
- $0
- Other
- $41,221
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,004
- Bonus
- not reported
- Other
- not reported
- Deferred
- $25,000
- Nontaxable benefits
- $16,221
- Filer's total
- $266,225
-
J MICHAEL PERRELLA
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ATTY DAVID EBY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MARK LAPRADE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DOUG BLAIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT BAINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ERNESTO BURDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RON COVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SYLVIO DUPUIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DONNA GAMACHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH GRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BETH HOULIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ED ITHIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MACNEIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAMILLE MADDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RONALD MARTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHARRON MCCARTHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JASON MCKINNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATIE MCQUAID COTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LUCIA A MERRITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HOLLY MINTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NORRI OBERLANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ATTY JENNIFER PARENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE REED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL SKELTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SETH WALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Approval by the board or compensation committee
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
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349308531
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