The Palace Theatre Center Incorporated
- Assets
- $163.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marlin, TX
- Founding
- 07/1983
- Data as of
- 09/2022
- 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 09/2022, Palace Theatre Center Incorporated generated $73.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $37.8k during the year ending 09/2022. 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Hensen Board Member | 0 | $0 | |
Casey Glover Board Member | 0 | $0 | |
Debbie Short Board Member | 0 | $0 | |
Pat Smith Board Member | 0 | $0 | |
Milton Albright Board Member | 0 | $0 | |
Chris Harris Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,804 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,681 |
| Other Revenue | $100 |
| Total Revenue | $73,585 |
| 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 | $495 |
| Occupancy, rent, utilities, and maintenance | $19,303 |
| Printing, publications, postage, and shipping | $726 |
| Other expenses | $17,277 |
| Total expenses | $37,801 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,038 |
| Other assets | $0 |
| Total assets | $163,500 |
| Total liabilities | $0 |
| Net assets or fund balances | $163,500 |