Canton Palace Theater Association
- Assets
- $2.2m
- Revenue
- $959.3k
- Investments
- $45.3k
- Employees
- 12
- Location
- Canton, OH
- Founding
- 12/1979
- Data as of
- 06/2022
- EIN
- 34-1286663
Organization Overview
Canton Palace Theater Association is located in Canton, OH. The organization was established in 1979. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Canton Palace Theater Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Palace Theater 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 06/2022, Canton Palace Theater Association generated $959.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $994.3k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Paxos Executive Director | Officer | 40 | $60,540 |
Todd Herberghs Chairperson | OfficerTrustee | 1 | $0 |
Ryan Ford Vice-Chairperson | OfficerTrustee | 1 | $0 |
Jonathan Crawford Treasurer | OfficerTrustee | 2 | $0 |
Kimberly Kingsbury Secretary | OfficerTrustee | 2 | $0 |
James Fye Executive Vice Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fred Olivieri Construction Company Construction | 6/29/19 | $257,635 |
Rt Hampton Plumbing & Heating Inc Construction | 6/29/19 | $102,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,192 |
| Membership dues | $60,018 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $198,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,457 |
| Total Program Service Revenue | $569,630 |
| Investment income | $166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $959,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $76,706 |
| Compensation of current officers, directors, key employees. | $18,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,194 |
| Pension plan accruals and contributions | $1,346 |
| Other employee benefits | $4,187 |
| Payroll taxes | $21,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121 |
| Fees for services: Accounting | $8,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,835 |
| Advertising and promotion | $74,270 |
| Office expenses | $30,735 |
| Information technology | $12,961 |
| Royalties | $0 |
| Occupancy | $109,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,304 |
| Interest | $4,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,042 |
| Insurance | $2,004 |
| All other expenses | $5,268 |
| Total functional expenses | $994,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,398 |
| 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 |
| Net Land, buildings, and equipment | $1,332,449 |
| Investments—publicly traded securities | $1,505 |
| Investments—other securities | $45,285 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,184,067 |
| Accounts payable and accrued expenses | $47,456 |
| Grants payable | $0 |
| Deferred revenue | $121,250 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $318,706 |
| Net assets without donor restrictions | $1,794,850 |
| Net assets with donor restrictions | $70,511 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,184,067 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Canton Palace Theater Association has recieved totaling $39,537.
| Awarding Organization | Amount |
|---|---|
Stark County Convention And Visitors Bureau Canton, OH PURPOSE: ARTS & CULTURAL TOURISM | $25,000 |
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $14,471 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |
Community Theater Project Corporation Pittsburgh, PA | $2,533,416 | $2,200,744 |
Association For The Colonial Theater Phoenixville, PA | $9,083,228 | $1,436,058 |
Tiffin Theatre Inc Tiffin, OH | $2,679,846 | $1,395,141 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Cadets Arts And Entertainment Inc Allentown, PA | $729,483 | $1,306,331 |
Chicago Summer Resort Company Charlevoix, MI | $1,907,953 | $1,036,226 |
Canton Palace Theater Association Canton, OH | $2,184,067 | $959,253 |