Nonprofit · EIN 02-0620399
PALACE THEATER GROUP INC
Tax-exempt · WATERBURY, CT 06702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,708,031 | $6,304,446 | -$596,415 | $7,655,913 | $1,159,658 | $6,496,255 |
| June 30, 2024 | 990 | $6,777,234 | $6,859,471 | -$82,237 | $8,092,615 | $1,195,695 | $6,896,920 |
| June 30, 2023 | 990 | $4,864,444 | $4,770,377 | $94,067 | $7,806,972 | $1,244,233 | $6,562,739 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,000,277
- of which government grants
- $202,554
- Program service revenue
- $4,169,093
- Investment income
- $336,381
- Net rental income
- -$56,656
- Net gain from sales of assets
- $155,556
- Net income from sales of inventory
- $212,938
- Other revenue
- $202,280
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $328,579
- Other salaries and wages
- $940,755
- Salaries, compensation and benefits (total)
- $1,561,630
- Professional fundraising fees
- $0
- Legal fees
- $3,600
- Accounting fees
- $32,750
- Occupancy
- $479,635
- Depreciation
- $100,702
- Program services (functional)
- $5,410,604
- Management and general (functional)
- $543,902
- Fundraising (functional)
- $349,940
Balance sheet and other
- Total assets, start of year
- $8,092,615
- Total assets, end of year
- $7,655,913
- Total liabilities, end of year
- $1,159,658
- Net assets, end of year
- $6,496,255
- Land, buildings and equipment
- $673,342
- Publicly traded securities
- $3,976,241
- Net assets without donor restrictions
- $6,228,875
- Net assets with donor restrictions
- $267,380
- Gross unrelated business income
- $26,690
- Gross receipts
- $6,638,878
- Employees
- 271
- Volunteers
- 140
- Year formed
- 2002
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK TAVERA | CHIEF EXEC. Officer | 37.5 | $225,555 | $0 |
| SANDRA ROSA | FINANCE OFFI Officer | 37.5 | $92,590 | $9,471 |
| VANESSA AGUILAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHAE APLAND | MARKETING CO Trustee or director, Officer | 0.5 | $0 | $0 |
| DORA BENNETT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| KATHLEEN BROCHHAUSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOSEPH D'ORSO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETH DEVINO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROLYN HIGHSMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JC HOPKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR PETER JACOBY | PAST CHAIRMA Trustee or director | 0.5 | $0 | $0 |
| DR SCOTT KURTZMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTIN MORGADO | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| GEORGE NOUJAIM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL O'CONNOR | VICE CHAIR/T Trustee or director, Officer | 0.5 | $0 |
| LYNNETTE LETSKY PIOMBO | DIRECTOR Trustee or director | 0.5 | $0 |
| GIUSEPPE PISANI | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRISTOPHER REMPFER | DIRECTOR Trustee or director | 0.5 | $0 |
| FELIX RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY ROSENGRANT-CHIAPPALONE | DEV. COMMITT Trustee or director, Officer | 0.5 | $0 |
| TIMOTHY ROURKE | DIRECTOR Trustee or director | 0.5 | $0 |
| JACK SENICH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| MATTHEW TRYFOROS | DIRECTOR Trustee or director | 0.5 | $0 |
| BELINDA WEAVER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK TAVERA | CHIEF EXEC. Officer | 37.5 | $217,665 | $0 |
| SANDRA ROSA | FINANCE OFFI Officer | 37.5 | $87,979 | $13,672 |
| VANESSA AGUILAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHAE APLAND | MARKETING CO Trustee or director, Officer | 0.5 | $0 | $0 |
| DORA BENNETT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| KATHLEEN BROCHHAUSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY GRACE CAVALLO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOSEPH D'ORSO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETH DEVINO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROLYN HIGHSMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JC HOPKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR PETER JACOBY | PAST CHAIRMA Trustee or director | 0.5 | $0 | $0 |
| DR SCOTT KURTZMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SANDRA MARTINEZ-MCCARTHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTIN MORGADO | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL O'CONNOR | VICE CHAIR/T Trustee or director, Officer | 0.5 | $0 | $0 |
| LYNNETTE LETSKY PIOMBO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GIUSEPPE PISANI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER REMPFER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FELIX RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY ROSENGRANT-CHIAPPALONE | DEV. COMMITT Trustee or director, Officer | 0.5 | $0 | $0 |
| TIMOTHY ROURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JACK SENICH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MATTHEW TRYFOROS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK TAVERA | CHIEF EXEC. Officer | 37.5 | $217,777 | $0 |
| SANDRA ROSA | FINANCE OFFI Officer | 37.5 | $90,251 | $16,033 |
| VANESSA AGUILAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHAE APLAND | MARKETING CO Trustee or director, Officer | 0.5 | $0 | $0 |
| DORA BENNETT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| KATHLEEN BROCHHAUSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY GRACE CAVALLO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETH DEVINO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| R MICHAEL EPPS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID FERRARO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CAROLYN HIGHSMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JC HOPKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN HOPKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR PETER JACOBY | PAST CHAIRMA Trustee or director | 0.5 | $0 | $0 |
| DR SCOTT KURTZMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARGARET LAWLOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARTIN MORGADO | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL O'CONNOR | VICE CHAIR/T Trustee or director, Officer | 0.5 | $0 | $0 |
| PAUL PERNEREWSKI | CHAIRMAN-PRI Trustee or director, Officer | 0.5 | $0 | $0 |
| LYNNETTE LETSKY PIOMBO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER REMPFER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FELIX RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY ROSENGRANT-CHIAPPALONE | DEV. COMMITT Trustee or director, Officer | 0.5 | $0 | $0 |
| TIMOTHY ROURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR VERNA D RUFFIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JACK SENICH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 E MAIN ST, WATERBURY, CT 06702-2312
- In care of
- % FRANK TAVERA
- Principal officer (990 for 2024)
- FRANK TAVERA, 100 EAST MAIN STREET, WATERBURY, CT 06702
- Signed the 990
- MARTIN MORGADO, CHAIRMAN
- Phone
- (203) 346-2000
- Website
- WWW.PALACETHEATERCT.ORG
- Return prepared by
- BUDWITZ & MEYERJACK PC
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.
Program accomplishments
- PRESENTATION OF VARIOUS PLAYS AND SHOWS TO PROMOTE INTEREST IN THE THEATRE ARTS IN THE GREATER WATERBURY CONNECTICUT AREA.Expenses $5,410,604 · revenue $4,169,093
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0620399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $7,655,913
- Income (IRS master file)
- $6,638,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,708,031 | $6,304,446 | $7,655,913 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $6,777,234 | $6,859,471 | $8,092,615 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,864,444 | $4,770,377 | $7,806,972 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,444,031 | $4,652,409 | $7,137,767 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0620399).
Questions about PALACE THEATER GROUP INC
- What is the EIN of PALACE THEATER GROUP INC?
- The employer identification number (EIN) of PALACE THEATER GROUP INC is 02-0620399.
- Is PALACE THEATER GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to PALACE THEATER GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALACE THEATER GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PALACE THEATER GROUP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALACE THEATER GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PALACE THEATER GROUP INC?
- The 990 for the year ended June 30, 2025 names FRANK TAVERA.
- Who are the officers and directors of PALACE THEATER GROUP INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 2 received compensation from the organization, the highest $225,555 (FRANK TAVERA, CHIEF EXEC.).
- How much revenue does PALACE THEATER GROUP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,708,031, expenses of $6,304,446 and total assets of $7,655,913 at year end.
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