Palace Community Theatre Inc
- Assets
- $208.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakley, KS
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 81-0622994
Organization Overview
Palace Community Theatre Inc is located in Oakley, KS. The organization was established in 2003. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palace Community Theatre Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Palace Community Theatre Inc generated $31.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $41.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
THE HIGH SCHOOL BUSINESS CLASS OPERATES THE MOVIE THEATRE FOR THE COMMUNITY. THE CLASS GET BUSINESS EXPERIENCE AND THE TOWN HAS A MOVIE THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Sperber Board Member | 2 | $0 | |
Butch Burris Board Member | 2 | $0 | |
Frank Munk Board Member | 2 | $0 | |
Kim Munk Board Member | 2 | $0 | |
Bruce Campbell Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,437 |
| Total Program Service Revenue | $14,338 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $260 |
| Total Revenue | $31,722 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,450 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,685 |
| Printing, publications, postage, and shipping | $600 |
| Other expenses | $8,779 |
| Total expenses | $41,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,512 |
| Other assets | $0 |
| Total assets | $208,089 |
| Total liabilities | $5,258 |
| Net assets or fund balances | $202,831 |
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