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PALACE PERFORMING ARTS CENTER INC

EIN 14-1708151 ALBANY, NY

Revenue 2024
$4,944,005
Expenses 2024
$4,589,133

Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
A61Z
Classification
1000
Street
19 CLINTON AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO OPERATE THE HISTORIC PALACE THEATER A 2,800-SEAT CULTURAL AND ENTERTAINMENT FACILITY THAT IS LOCATED IN ALBANY, NY. THE ORGANIZATION WORKS TO ORGANIZE CULTURAL AND ENTERTAINMENT EVENTS PRESENTING AFFORDABLE, DIVERSE, QUALITY, POPULAR PERFORMING ARTS FOR PEOPLES OF ALL AGES, ETHNICITIES AND MEANS.

  • TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY.

    Expenses $3,538,857 · Revenue $4,269,065

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • STEPHEN BABOULIS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JOHN BENNETT MD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JAMES BARBA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THOMAS E D'AMBRA PHD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GEORGE R HEARST III

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARILYN PENDERGAST

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOMINICK PURNOMO

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HONORABLE RANDOLPH F TREECE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WADLER ST JEAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LEOLA EDELIN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK EAGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAN MCCOY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HONORABLE KATHY M SHEEHAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALAN P GOLDBERG

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN SCHERZER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • APRIL J ULRICH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLES PINCKNEY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINE C VAUGHAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JULIA ELBAUM

    DIRECTOR OF FINANCE

    Total calculated
    $203,454
    From this org
    $161,000
    From related orgs
    $0
    Other
    $42,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,147
    Nontaxable benefits
    $37,307
    Filer's total
    $203,454

  • KEVIN JOHNSON

    EXECUTIVE DIRECTOR

    Total calculated
    $206,829
    From this org
    $177,400
    From related orgs
    $0
    Other
    $29,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,400
    Bonus
    $0
    Other
    $0
    Deferred
    $5,917
    Nontaxable benefits
    $23,512
    Filer's total
    $206,829

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,944,005
    Expenses
    $4,589,133
    Contributions
    $484,238
    Grants paid
    $0
  • 2023
    Revenue
    $4,561,436
    Expenses
    $3,903,579
    Contributions
    $734,058
    Grants paid
    $0
  • 2022
    Revenue
    $4,216,101
    Expenses
    $4,067,894
    Contributions
    $112,760
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $5,301,344
    Expenses
    $3,421,648
    Assets (EOY)
    $7,859,988

  • 2020 · 990

    Revenue
    $3,087,630
    Expenses
    $1,078,138
    Assets (EOY)
    $5,400,849

  • 2019 · 990

    Revenue
    $3,467,210
    Expenses
    $3,682,092
    Assets (EOY)
    $3,613,053

  • 2018 · 990

    Revenue
    $6,455,762
    Expenses
    $7,449,463
    Assets (EOY)
    $4,036,097

  • 2017 · 990

    Revenue
    $6,480,438
    Expenses
    $5,561,359
    Assets (EOY)
    $5,037,058

  • 2016 · 990

    Revenue
    $5,381,781
    Expenses
    $5,161,813
    Assets (EOY)
    $2,690,877

  • 2015 · 990

    Revenue
    $4,015,903
    Expenses
    $3,994,818
    Assets (EOY)
    $2,689,234

  • 2014 · 990

    Revenue
    $4,424,478
    Expenses
    $4,075,208
    Assets (EOY)
    $2,880,569

  • 2013 · 990

    Revenue
    $2,933,580
    Expenses
    $2,827,379
    Assets (EOY)
    $2,120,208

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,418,882
    Assets (EOY)
    $1,270,094

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.