The Palace Theatre Center Incorporated
- Assets
- $127.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marlin, TX
- Founding
- 07/1983
- Data as of
- 09/2021
- EIN
- 74-2269469
Organization Overview
The Palace Theatre Center Incorporated is located in Marlin, TX. The organization was established in 1983. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palace Theatre Center Incorporated 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 09/2021, Palace Theatre Center Incorporated generated $31.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $32.7k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRESERVING AND IMPROVING THE HISTORICAL PALACE THEATRE BUILDING WHILE HOSTING PERFORMING ARTS EVENTS TO GATHER THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Glover Board Member | 0 | $0 | |
Valerie Hensen Board Member | 0 | $0 | |
Debbie Short Board Member | 0 | $0 | |
Milton Albright Board Member | 0 | $0 | |
Pat Smith Board Member | 0 | $0 | |
Chris Harris Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,439 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,158 |
| Other Revenue | $22,828 |
| Total Revenue | $31,425 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $485 |
| Occupancy, rent, utilities, and maintenance | $23,536 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,715 |
| Total expenses | $32,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,258 |
| Other assets | $0 |
| Total assets | $127,716 |
| Total liabilities | $0 |
| Net assets or fund balances | $127,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Palace Theatre Center Incorporated has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Union Pacific Foundation Omaha, NE PURPOSE: ARTS AND CULTURE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Creative Action Austin, TX | $3,479,965 | $2,986,946 |
Plano Childrens Theatre Plano, TX | $1,873,883 | $3,548,642 |
Main Street Theater Houston Houston, TX | $3,176,471 | $2,765,553 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture New Orleans, LA | $12,003,795 | $3,171,295 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |