Palace Theatre Trust is a theater based in Manchester, NH that was founded in 1974. As of 2019 they had $5.8 million in revenue and $10 million in assets.
To enrich the region's cultural life and serve as a community resource through its stewardship of the historic Palace Theatre. It does so by providing a broad range of live, high quality, professional and community performances, as well as educational...
EIN:
23-7356019
City:
State:
Website:
Facebook:
Twitter:
Founded:
1974
Type:
501(c)(3)
NTEE:
Revenue:
$5,852,391
Assets:
$10,856,560
Employees:
102
Fiscal year end:
June
Program areas at Palace Theatre Trust
Enriching the region's cultural life and offering a diverse selection of extremely high quality live performances and educational opportunities for patrons, artists, children and people of all ages defines the Palace Theatre. From in-house produced live professional musical Theatre, top name presenting entertainment, other non-profit fundraising events and rentals for many community events are all part of what defines the Palace Theatre. Approximately 159,000 patrons attended with over 514 performances and events. Youth performing arts programs are an integral part of the Palace theatre/forever emma studios youth initiatives with over 23,000 children experiencing theatrical productions through participation in vacatio camps, specialized acting companies and vocal, dancing or acting classes. Additionally, more than 1,300 youth, 8-18 years of age performed in a Palace production.
Form 990s for Palace Theatre Trust
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Aug 25, 2020 | 990 | View PDF |
| 2018-06 | Jul 23, 2019 | 990 | View PDF |
| 2017-06 | Apr 10, 2018 | 990 | View PDF |
| 2016-06 | Aug 11, 2017 | 990 | View PDF |
| 2015-06 | Mar 18, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Palace Theatre Trust
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $20,000 | $145,000 | -86.2% |
| Normal grants, contributions, etc. | $1,015,390 | $3,836,484 | -73.5% |
| <em>Non-cash contributions included in above</em> | $21,479 | $0 | 999% |
| Total grants, contributions, etc. | $1,035,390 | $3,981,484 | -74.0% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $1,035,390 | $3,981,484 | -74.0% |
| Program services | $4,352,115 | $4,184,267 | 4.0% |
| Investment income and dividends | $102,366 | $55,476 | 84.5% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $6,700 | $0 | 999% |
| Net gain from sale of non-inventory assets | $-31,505 | $-11,725 | -168.7% |
| Net income from fundraising events | $83,443 | $124,930 | -33.2% |
| Net income from gaming activities | $73,251 | $17,338 | 322.5% |
| Net income from sales of inventory | $216,059 | $228,923 | -5.6% |
| Miscellaneous revenues | $14,572 | $81,133 | -82.0% |
| Total revenues | $5,852,391 | $8,661,826 | -32.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $131,025 | $125,000 | 4.8% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $1,537,019 | $1,466,536 | 4.8% |
| Pension/retirement accruals and contributions | $20,000 | $20,000 | |
| Other employee benefits | $65,910 | $52,563 | 25.4% |
| Payroll taxes | $142,105 | $145,496 | -2.3% |
| Management fees | $0 | $0 | |
| Legal fees | $0 | $0 | |
| Accounting fees | $36,612 | $36,212 | 1.1% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $31,974 | $0 | 999% |
| Other fee-for-service | $171,805 | $223,906 | -23.3% |
| Advertising and promotion | $214,152 | $249,566 | -14.2% |
| Office expenses | $0 | $0 | |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $346,288 | $266,786 | 29.8% |
| Travel | $0 | $0 | |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $29,796 | $17,587 | 69.4% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $199,037 | $154,783 | 28.6% |
| Insurance | $63,957 | $61,944 | 3.2% |
| All other expenses | $2,171,663 | $2,036,416 | 6.6% |
| Total expenses | $5,161,343 | $4,856,795 | 6.3% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $213,968 | $252,987 | -15.4% |
| Savings, short-term investments, etc. | $1,462,179 | $925,495 | 58.0% |
| Pledges and grants receivable | $80,986 | $156,612 | -48.3% |
| Accounts receivable | $5,985 | $15,489 | -61.4% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $13,073 | $21,215 | -38.4% |
| Prepaid expenses and deferred charges | $0 | $0 | |
| Buildings, equipment, etc. post-depreciation | $3,122,455 | $2,778,925 | 12.4% |
| Investments, publicly traded securities | $4,340,745 | $4,055,311 | 7.0% |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $1,617,169 | $1,143,639 | 41.4% |
| Total assets | $10,856,560 | $9,349,673 | 16.1% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $247,650 | $309,511 | -20.0% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $390,902 | $319,997 | 22.2% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $742,350 | $761,501 | -2.5% |
| Unsecured notes and loans payable to unrelated third parties | $20,000 | $20,000 | |
| Other liabilities | $714,241 | $0 | 999% |
| Total liabilities | $2,115,143 | $1,411,009 | 49.9% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $3,760,823 | $3,252,794 | 15.6% |
| Temporarily restricted net assets | $178,538 | $129,169 | 38.2% |
| Permanently restricted net assets | $4,802,056 | $4,556,701 | 5.4% |
Vendors for Palace Theatre Trust
| Vendor | Services | Amount paid | Date |
|---|
| Hession and Pare PC | Tax accounting | | 2020-05-11 |
| ██████████ | CRM software | | 2020-03-01 |
| █████████ | Content management system software | | 2020-03-01 |
| ███████████ ███ ███ | Construction | $514,032 | 2019-06-01 |
| █████████ ████████ | Software | | 2018-04-29 |
Personnel at Palace Theatre Trust
| Name | Title | Compensation | Most recent data |
|---|
| April Kopas | Chief Executive Officer | - | Aug. 9, 2020 |
| Peter Ramsey | Chief Executive Officer / President and Chief Executive Officer | $162,500 | Aug. 25, 2020 |
| █████ ██████ | Senior Vice President, PNC Commercial Banking | - | Aug. 9, 2020 |
| ███ ██████ | Senior Vice President and General Counsel, Excela Health | - | Aug. 9, 2020 |
| ████ █████ | General Manager, Smail Auto Group Greensburg, Pa | - | Aug. 9, 2020 |
| ██████ ████████ | Director of Operations and Programming, the Palace Theatre | - | Aug. 9, 2020 |
| ████████ ███████ | Director, Marketing and Development | - | Aug. 9, 2020 |
| ████ ██████ | Director of Sales and Marketing | $0 | Aug. 10, 2019 |
| █████ ██████ | Technical Director | - | Oct. 28, 2018 |
| ████ ███████ | Artistic Director | - | Oct. 26, 2018 |
| ...and 23 more key personnel |
Peer theaters
| | Name | Type | Revenue | Location |
|---|
| 1 | Seacoast Repertory Theatre | 501(c)(3) | $1.7 million | Portsmouth, NH |
| 2 | Cyt Chicago | 501(c)(3) | $2.4 million | Cary, IL |
| 3 | Transcendence Theatre Company | 501(c)(3) | $4.7 million | Sonoma, CA |
| 4 | New Conservatory Theater Center (NCTC) | 501(c)(3) | $1.6 million | San Francisco, CA |
| 5 | Northwest Childrens Theater and School (NWCT) | 501(c)(3) | $2.3 million | Portland, OR |
| 6 | Purple Rose Theatre Company (PRTC) | 501(c)(3) | $2.1 million | Chelsea, MI |
| 7 | Sacramento Theatre Company (STC) | 501(c)(3) | $2.3 million | Sacramento, CA |
| 8 | Florida Theatrical ASSOCIATION | 501(c)(3) | $1.8 million | Orlando, FL |
| 9 | Queens Theatre in the Park | 501(c)(3) | $2.5 million | Queens, NY |
| 10 | TheatreWorks Silicon Valley | 501(c)(3) | $9.6 million | Redwood City, CA |
| 11 | Omaha Community Playhouse | 501(c)(3) | $4.3 million | Omaha, NE |
| 12 | Diamond Head Theatre | 501(c)(3) | $5.7 million | Honolulu, HI |
| 13 | Studio East Training For The Performing Arts | 501(c)(3) | $2.0 million | Kirkland, WA |
| 14 | York Theatre Company | 501(c)(3) | $2.0 million | New York, NY |
| 15 | Chicago Shakespeare Theater | 501(c)(3) | $19 million | Chicago, IL |
| 16 | Huntington Theatre | 501(c)(3) | $26 million | Boston, MA |
| 17 | The Players Theatre | 501(c)(3) | $9.9 million | Sarasota, FL |
| 18 | Civic Theatre of Allentown | 501(c)(3) | $4.0 million | Allentown, PA |
| 19 | Actors' Playhouse Productions | 501(c)(3) | $4.3 million | Coral Gables, FL |
| 20 | Downtown Cabaret Theatre of Bridgeport | 501(c)(3) | $1.6 million | Bridgeport, CT |
| 21 | Broadway Rose Theatre | 501(c)(3) | $3.1 million | Tigard, OR |
| 22 | North Coast Repertory Theatre | 501(c)(3) | $2.8 million | Solana Beach, CA |
| 23 | North Carolina Theatre (NCT) | 501(c)(3) | $4.6 million | Raleigh, NC |
| 24 | Cape Fear Regional Theatre (CFRT) | 501(c)(3) | $1.5 million | Fayetteville, NC |
| 25 | La Jolla Playhouse | 501(c)(3) | $18 million | La Jolla, CA |