Palace Cultural Arts Association is located in Marion, OH. The organization was established in 1975. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Palace Cultural Arts Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palace Cultural Arts Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Palace Cultural Arts Association generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIVE THEATRICAL AND MUSICAL PRODUCTIONS FOR THE PUBLIC AND TO EXPOSE SCHOOL STUDENTS TO THE PERFORMING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LIVE THEATRICAL AND MUSICAL PRODUCTIONS FOR THE PUBLICE AND TO EXPOSE SCHOOL STUDENTS TO THE PERFORMING ARTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bev Ford Director | Trustee | 40 | $74,913 |
Jodi Cooper Business Manage | Trustee | 40 | $41,600 |
Sue Jacob Chairman | Officer | 0 | $0 |
Mike Stuckey Past Chair | Officer | 0 | $0 |
Daniel Bradshaw Secretary | Officer | 0 | $0 |
Gary Branson Treasurer | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $899,959 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $40,180 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,634,836 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $104,512 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $243,334 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $29,415 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,384 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $6,324 |
Office expenses | $13,242 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $44,828 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $291,607 |
Insurance | $59,356 |
All other expenses | $0 |
Total functional expenses | $1,331,252 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $691,626 |
Savings and temporary cash investments | $4,543 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20,681 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $3,381 |
Other assets | $410,136 |
Total assets | $6,267,417 |
Accounts payable and accrued expenses | $21,213 |
Grants payable | $0 |
Deferred revenue | $290,673 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3 |
Total liabilities | $311,889 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $5,955,528 |
Over the last fiscal year, we have identified 2 grants that Palace Cultural Arts Association has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
William K Davis Test Tr Marion, OH PURPOSE: COMMUNITY SUPPORT | $10,000 |
William K Davis Test Tr Marion, OH PURPOSE: RENTALS | $0 |
Organization Name | Assets | Revenue |
---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Broadway Grand Rapids Grand Rapids, MI | $2,343,299 | $13,547,749 |
Detroit Opera Detroit, MI | $46,812,293 | $9,178,032 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Music Hall Center For The Performing Arts Inc Detroit, MI | $3,982,183 | $5,279,340 |
State Theatre Center For The Arts Inc Easton, PA | $9,301,794 | $4,832,518 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Great Lakes Center For The Arts Bay Harbor, MI | $37,486,193 | $6,372,255 |