Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 04-3736523

CORSICANAS PALACE THEATRE

Tax-exempt · CORSICANA, TX 75151

Financials

$276K$464K2023$304K$261K2024$381K$270K2025
Revenue Expenses · by fiscal year end
Financials of CORSICANAS PALACE THEATRE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$381,327$269,720$111,607$170,443$89,754$80,689
December 31, 2024990$303,922$261,435$42,487$54,503$85,421-$30,918
December 31, 2023990$276,196$464,441-$188,245$43,372$116,777-$73,405
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$184,306
Program service revenue
$120,000
Investment income
$67
Net rental income
$36,954
Other revenue
$76,954

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,423
Occupancy
$35,903
Depreciation
$5,325
Program services (functional)
$250,134
Management and general (functional)
$19,586

Balance sheet and other

Total assets, start of year
$54,503
Total assets, end of year
$170,443
Total liabilities, end of year
$89,754
Net assets, end of year
$80,689
Land, buildings and equipment
$4,951
Net assets without donor restrictions
$80,689
Gross receipts
$390,928
Employees
0
Year formed
2003
State of legal domicile
TX

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TIM BRADYDIRECTOR
Trustee or director
0$0
LOREN PAGEDIRECTOR
Trustee or director
0$0
SANDRA HUFFMANDIRECTOR
Trustee or director
0$0
KAY COOKDIRECTOR
Trustee or director
0$0
MARCEY MORAN-POSADADIRECTOR
Trustee or director
0$0
JOHN BOSWELLDIRECTOR
Trustee or director
0$0
DEBRA WARRINGTONDIRECTOR
Trustee or director
0$0
LAURA OSIECKITREASURER
Officer
1$0
JASON MANNINGVICE PRESIDENT
Officer
1$0
FRED BILTZTREASURER
Officer
1$0
LIZ KINGMANPRESIDENT
Officer
1$0
ASHTON KANTOREXECUTIVE DIRECTOR
Key employee
20$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
DAVID TIMMERMANDIRECTOR
Trustee or director
0$0
TIM BRADYDIRECTOR
Trustee or director
0$0
LOREN PAGEDIRECTOR
Trustee or director
0$0
SANDRA HUFFMANDIRECTOR
Trustee or director
0$0
KAY COOKDIRECTOR
Trustee or director
0$0
JASON MANNINGDIRECTOR
Trustee or director
0$0
LAURA OSIECKITREASURER
Officer
1$0
FRED BILTZTREASURER
Officer
1$0
KRISTIN MAUPIN HAYSSECRETARY
Officer
1$0
LIZ KINGMANVICE PRESIDENT
Officer
1$0
MALINDA VELDMANPRESIDENT
Officer
1$0
ASHTON KANTOREXECUTIVE DIRECTOR
Key employee
0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
HM DAVENPORTDIRECTOR
Trustee or director
0$0
KAY COOKDIRECTOR
Trustee or director
0$0
KRISTIN MAUPIN HAYSDIRECTOR
Trustee or director
0$0
MARGIE TAYLORDIRECTOR
Trustee or director
0$0
LIZ KINGMANDIRECTOR
Trustee or director
0$0
SANDRA HUFFMANDIRECTOR
Trustee or director
0$0
TIM BRADYDIRECTOR
Trustee or director
0$0
FRED BILTZDIRECTOR
Trustee or director
1$0
ROB GLASSTREASURER
Officer
1$0
MALINDA VELDMANPRESIDENT
Officer
1$0
DONNA ROGERSSECRETARY
Officer
1$0
DAVID TIMMERMANPAST PRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 408, CORSICANA, TX 75151-0408
In care of
% ELIZABETH KINGMAN
Signed the 990
ELIZABETH KINGMAN, PRESIDENT
Return prepared by
SHARON L MAHONEY CPA

Mission

THE PALACE THEATRE OFFERS TO THE PUBLIC ON AN ANNUAL BASIS A VARIETY OF PROFESSIONAL MUSICAL ARTISTS IN AN EARLY 1920S STYLE THEATRE. ALL TYPES OF VOCALISTS, INSTRUMENTALS AND MUSICALS ARE PRESENTED

990 for the year ended December 31, 2025

Program accomplishments

  • THE ONLY MAJOR PROGRAM SERVICE IS THE PRESENTATION OF ARTISTS. THERE ARE FIVE-SIX MAJOR PERFORMANCES EACH YEAR AND MANY OTHER PERFORMANCES SUITED TO BOTH ADULTS AND CHILDREN. THE THEATRE SEATS 550. ARTISTS THAT HAVE PERFORMED AT THE PALACE INCLUDE CRYSTAL GAYLE, LARRY GATLIN, VICKI LAWRENCE, AMY GRANT AND TERRY FATOR. THE EXPENSES COVER THE ARTISTS FEES, TRAVEL AND LODGING AND PRODUCTION COSTS. THE REVENUE IS PROVIDED BY TICKET SALES & CONCESSIONS. THESE PERFORMANCES ARE THE FULFILLMENT OF THE EXEMPT PURPOSE OF EXPOSING THE PUBLIC TO DIFFERENT GENRES OF MUSIC THROUGH PROFESSIONAL ARTIST
    Expenses $250,134

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-3736523
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$170,443
Income (IRS master file)
$390,928

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$381,327$269,720$170,443IRS
990December 2024$303,922$261,435$54,503IRS
990December 2023$276,196$464,441$43,372XML
990December 2022$426,643$409,228$132,805IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 04-3736523).

Questions about CORSICANAS PALACE THEATRE

What is the EIN of CORSICANAS PALACE THEATRE?
The employer identification number (EIN) of CORSICANAS PALACE THEATRE is 04-3736523.
Is CORSICANAS PALACE THEATRE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to CORSICANAS PALACE THEATRE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORSICANAS PALACE THEATRE 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 CORSICANAS PALACE THEATRE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORSICANAS PALACE THEATRE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of CORSICANAS PALACE THEATRE?
The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does CORSICANAS PALACE THEATRE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $381,327, expenses of $269,720 and total assets of $170,443 at year end.

Other nonprofits in CORSICANA

All nonprofits in CORSICANA · Texas · Arts, culture and humanities