2026-03-11T14:07:28-04:00 2025-06-30 061218594 BUDWITZ & MEYERJACK PC 1122 HIGHLAND AVE CHESHIRE CT 064101654 990 2024-07-01 020620399 THE PALACE THEATER GROUP INC PALA 2033462000 100 EAST MAIN STREET WATERBURY CT 06702 MARTIN MORGADO CHAIRMAN 2033462000 2026-03-06 true false DANIEL C VOLLARO CPA P00055760 2032721621 2026-03-06 2024 2025-03-06 01:10:19Z FRANK TAVERA 100 EAST MAIN STREET WATERBURY CT 06702 6638878 false X WWW.PALACETHEATERCT.ORG X 2002 CT THE PALACE THEATER GROUP'S MISSION IS TO GENERATE A POSITIVE ARTISTIC, CULTURAL, EDUCATIONAL,SOCIAL AND FINANCIAL IMPACT IN THE GREATER WATERBURY CONNECTICUT AREA BY MAINTAINING THE PALACE THEATER. TO PRESERVE AND OPERATE THE HISTORIC PALACE THEATER AS A PERFORMING ARTS CENTER AND COMMUNITY GATHERING PLACE THAT PROVIDES A FOCAL POINT OF CULTURAL ACTIVITY AND EDUCATIONAL OUTREACH FOR DIVERSE AUDIENCES. 23 23 271 140 26690 1562174 1000277 4789062 4169093 146545 336381 279453 202280 6777234 5708031 0 0 1486111 1561630 0 349940 5373360 4742816 6859471 6304446 -82237 -596415 8092615 7655913 1195695 1159658 6896920 6496255 X THE PALACE THEATER GROUP'S MISSION IS TO GENERATE A POSITIVE ARTISTIC, CULTURAL, EDUCATIONAL,SOCIAL AND FINANCIAL IMPACT IN THE GREATER WATERBURY CONNECTICUT AREA BY MAINTAINING THE PALACE THEATER. TO PRESERVE AND OPERATE THE HISTORIC PALACE THEATER AS A PERFORMING ARTS CENTER AND COMMUNITY GATHERING PLACE THAT PROVIDES A FOCAL POINT OF CULTURAL ACTIVITY AND EDUCATIONAL OUTREACH FOR DIVERSE AUDIENCES. false false 5410604 4169093 PRESENTATION OF VARIOUS PLAYS AND SHOWS TO PROMOTE INTEREST IN THE THEATRE ARTS IN THE GREATER WATERBURY CONNECTICUT AREA. 5410604 true true false true false false false false false true true false false false true true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 63 0 true 271 true true true false false false false true true false false false false false false false false X 23 23 false false false false false false false true true false false true true true true true true true false false CT X SANDRA ROSA FINANCE OFFICER 2033462013 100 EAST MAIN STREET WATERBURY CT 06702 FRANK TAVERA CHIEF EXEC. 37.50 X 225555 0 0 SANDRA ROSA FINANCE OFFI 37.50 X 92590 0 9471 VANESSA AGUILAR DIRECTOR 0.50 X 0 0 0 SHAE APLAND MARKETING CO 0.50 X X 0 0 0 DORA BENNETT SECRETARY 0.50 X X 0 0 0 KATHLEEN BROCHHAUSEN DIRECTOR 0.50 X 0 0 0 JOSEPH D'ORSO DIRECTOR 0.50 X 0 0 0 BETH DEVINO DIRECTOR 0.50 X 0 0 0 CAROLYN HIGHSMITH DIRECTOR 0.50 X 0 0 0 JC HOPKINS DIRECTOR 0.50 X 0 0 0 DR PETER JACOBY PAST CHAIRMA 0.50 X 0 0 0 DR SCOTT KURTZMAN DIRECTOR 0.50 X 0 0 0 DAVE MARTIN DIRECTOR 0.50 X 0 0 0 MARTIN MORGADO CHAIRMAN 0.50 X X 0 0 0 GEORGE NOUJAIM DIRECTOR 0.50 X 0 0 0 MICHAEL O'CONNOR VICE CHAIR/T 0.50 X X 0 0 0 LYNNETTE LETSKY PIOMBO DIRECTOR 0.50 X 0 0 0 GIUSEPPE PISANI DIRECTOR 0.50 X 0 0 0 CHRISTOPHER REMPFER DIRECTOR 0.50 X 0 0 0 FELIX RODRIGUEZ DIRECTOR 0.50 X 0 0 0 MARY ROSENGRANT-CHIAPPALONE DEV. COMMITT 0.50 X X 0 0 0 TIMOTHY ROURKE DIRECTOR 0.50 X 0 0 0 JACK SENICH VICE CHAIR 0.50 X X 0 0 0 MATTHEW TRYFOROS DIRECTOR 0.50 X 0 0 0 BELINDA WEAVER DIRECTOR 0.50 X 0 0 0 318145 9471 1 false true false 164276 202554 633447 9000 1000277 EVENTS AND SHOW REVENUE 711190 3810237 3810237 WAMS PROGRAM INCOME 711190 250000 250000 PARKING INCOME 711190 63700 63700 RESTORATION FEES 711190 45156 45156 4169093 180825 180825 102005 158661 -56656 -56656 -56656 642170 27083 513697 128473 27083 155556 155556 91091 164276 91091 380336 167398 212938 212938 PLAYBILL ADVERTISING 711190 26690 26690 MISCELLANEOUS INCOME 711190 19308 19308 45998 5708031 4131745 26690 549319 328579 75888 176803 75888 940755 696040 115141 129574 190469 147612 25154 17703 101827 78755 13542 9530 3600 3600 32750 32750 24763 24763 93750 93750 66222 23457 21423 21342 78477 36681 18902 22894 479635 369826 64450 45359 6757 4496 2261 100702 76057 13078 11567 74273 57444 9878 6951 EVENT\SHOW DIRECT EXPENSE 3204437 3204437 WAMS EXPENSE 200648 200648 CITY AGREEMENT- FACILITY 146600 146600 CREDIT CARD FEES 115705 115705 114497 87704 19922 6871 6304446 5410604 543902 349940 9740 9740 3474540 2679037 101490 216101 16192 15897 223410 76731 1984401 1311059 380240 673342 3871523 3976241 15480 8824 8092615 7655913 254007 217676 926208 897658 15480 44324 1195695 1159658 X 6635769 6228875 261151 267380 6896920 6496255 8092615 7655913 X -596415 195750 X false true X true false X 1115242 4477548 1580674 1562174 1000277 9735915 446343 2986687 3323741 5252486 4549429 16558686 6980 220113 288545 463424 380336 1359398 1568565 7684348 5192960 7278084 5930042 27653999 27653999 69124 140954 172896 261362 282830 927166 69124 140954 172896 261362 282830 927166 19450 20725 26690 66865 490 1474 4701 5445 19308 31418 1638179 7826776 5390007 7565616 6258870 28679448 0.96420 0.96740 0.03000 0.03000 X PART III, LINE 12 OTHER INCOME 31,418 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 24763 false false 24763 false SCHEDULE C, PART II-B, LINE 1 THE PALACE THEATER GROUP HAS RETAINED THE SERVICES OF GAFFNEY, BENNETT AND ASSOC. INC. TO HELP THE PALACE WORK WITH THE CONNECTICUT STATE DELEGATION IN SUPPORT OF ITS PROGRAM ACTIVITIES. 3679238 418439 180298 3917379 3322780 528810 172352 3679238 3119715 373211 170146 3322780 3775995 862 -502999 154143 3119715 3154594 4460 765044 148103 3775995 0.94130 0.05870 false false 987299 651645 335654 948042 610354 337688 49060 49060 673342 REFUNDABLE ADVANCES 35500 LEASE LIABILITIES-OPERATING 8824 44324 X 5949978 195750 48560 244310 5705668 2363 2363 5708031 6350643 48560 48560 6302083 2363 2363 6304446 SCHEDULE D, PAGE 2, PART V, LINE 4 USE OF ENDOWMENT FUNDS IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS TO SUPPORT OPERATIONS AS NEEDED. SCHEDULE D, PAGE 3, PART X PTG HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30,2025,2024 AND 2023. PTG'S U.S. FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN THE LAW AND NEW AUTHORIZATIVE RULINGS. IF PTG HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE THE INCOME PROVISION AND INCLUDE THE ACCRUED INCOME TAX LIABILITY IN ITS STATEMENT OF FINANCIAL POSITION. SCHEDULE D, PAGE 4, PART XI, LINE 4B DEPRECIATION NETTED AGAINST REVENUE 0 ON FINANCIAL STATEMENTS 2,363 SCHEDULE D, PAGE 4, PART XII, LINE 4B DEPRECIATION NETTED AGAINST REVENUE 0 ON FINANCIAL STATEMENTS 2,363 WINE DINNER 157414 91954 65460 65460 MARTINIS & MIST 32210 21757 10453 10453 3 65743 50565 15178 15178 255367 164276 91091 91091 91091 false false false false false false false false false FRANK TAVERA CHIEF EXEC. OFFICER 225555 225555 FORM 990 - ORGANIZATION'S MISSION THE PALACE THEATER GROUP'S MISSION IS TO GENERATE A POSITIVE ARTISTIC, CULTURAL, EDUCATIONAL,SOCIAL AND FINANCIAL IMPACT IN THE GREATER WATERBURY CONNECTICUT AREA BY MAINTAINING THE PALACE THEATER. TO PRESERVE AND OPERATE THE HISTORIC PALACE THEATER AS A PERFORMING ARTS CENTER AND COMMUNITY GATHERING PLACE THAT PROVIDES A FOCAL POINT OF CULTURAL ACTIVITY AND EDUCATIONAL OUTREACH FOR DIVERSE AUDIENCES. FORM 990, PAGE 6, PART VI, LINE 11B THE COMPLETED 990 IS PROVIDED TO THE ORGANIZATIONS AUDIT COMMITTEE FOR REVIEW. UPON REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, COPIES OF THE 990 ARE PROVIDED TO ALL BOARD OF DIRECTOR MEMBERS BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE SERVES AS THE PERSONNEL COMMITTEE TO DETERMINE COMPENSATION FOR THE CEO. AS THE CEO POSITION IS A CONTRACTED POSITION, THE COMPENSATION IS USUALLY DETERMINED BY THE LENGTH OF THE AGREEMENT. ALL OTHER COMPENSATION OF MANAGEMENT STAFF IS DETERMINED BY THE CEO WITH INPUT FROM THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THIS INFORMATION IS AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATIONS PLACE OF BUSINESS DURING NORMAL BUSINESS HOURS. APPOINTMENTS FOR REVIEW OF THESE DOCUMENTS MUST BE MADE WITH THE ORGANIZATION'S FINANCE OFFICER IN ADVANCE. FORM 990, PART XI, LINE 9 DEPRECIATION NETTED AGAINST REVENUE 0 ON FINANCIAL STATEMENTS -2,363 DEPRECIATION NETTED AGAINST REVENUE 0 ON FINANCIAL STATEMENTS 2,363