Nonprofit · EIN 14-1708151
PALACE PERFORMING ARTS CENTER INC
Tax-exempt · ALBANY, NY 12207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,944,005 | $4,589,133 | $354,872 | $7,845,212 | $2,096,456 | $5,748,756 |
| June 30, 2024 | 990 | $4,561,436 | $3,903,579 | $657,857 | $7,995,965 | $2,602,037 | $5,393,928 |
| June 30, 2023 | 990 | $4,216,101 | $4,067,894 | $148,207 | $7,460,484 | $2,441,587 | $5,018,897 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $484,238
- of which government grants
- $300,000
- Program service revenue
- $4,266,772
- Investment income
- $190,702
- Other revenue
- $2,293
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,026,336
- Salaries, compensation and benefits (total)
- $1,248,288
- Professional fundraising fees
- $0
- Legal fees
- $770
- Accounting fees
- $15,362
- Depreciation
- $92,071
- Program services (functional)
- $3,538,857
- Management and general (functional)
- $1,014,616
- Fundraising (functional)
- $35,660
Balance sheet and other
- Total assets, start of year
- $7,995,965
- Total assets, end of year
- $7,845,212
- Total liabilities, end of year
- $2,096,456
- Net assets, end of year
- $5,748,756
- Land, buildings and equipment
- $2,269,622
- Net assets without donor restrictions
- $5,748,756
- Gross receipts
- $4,944,005
- Employees
- 106
- Volunteers
- 110
- Year formed
- 1988
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| KEVIN JOHNSON | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $177,400 | $29,429 |
| JULIA ELBAUM | DIRECTOR OF FINANCE Officer | 40 | $161,000 | $42,454 |
| STEPHEN BABOULIS | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOHN BENNETT MD | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES BARBA | MEMBER Trustee or director | 2 | $0 | $0 |
| THOMAS E D'AMBRA PHD | MEMBER Trustee or director | 2 | $0 | $0 |
| GEORGE R HEARST III | MEMBER Trustee or director | 2 | $0 | $0 |
| MARILYN PENDERGAST | MEMBER Trustee or director | 2 | $0 | $0 |
| DOMINICK PURNOMO | MEMBER Trustee or director | 2 | $0 | $0 |
| HONORABLE RANDOLPH F TREECE | MEMBER Trustee or director | 2 | $0 | $0 |
| WADLER ST JEAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LEOLA EDELIN | MEMBER Trustee or director | 2 | $0 | $0 |
| MARK EAGAN | MEMBER Trustee or director | 2 | $0 | $0 |
| DAN MCCOY | MEMBER Trustee or director | 2 | $0 | $0 |
| HONORABLE KATHY M SHEEHAN | MEMBER Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN P GOLDBERG | CHAIRMAN EMERITUS Trustee or director | 2 | $0 |
| JONATHAN SCHERZER | MEMBER Trustee or director | 2 | $0 |
| APRIL J ULRICH | MEMBER Trustee or director | 2 | $0 |
| CHARLES PINCKNEY | MEMBER Trustee or director | 2 | $0 |
| CHRISTINE C VAUGHAN | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIA ELBAUM | DIRECTOR OF FINANCE Officer | 40 | $163,032 | $27,204 |
| KEVIN JOHNSON | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $173,846 | $6,127 |
| DANIEL TAYLOR | GENEARL MANAGER Officer | 40 | $125,560 | $4,638 |
| STEPHEN BABOULIS | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN BENNETT MD | VICE CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 |
| JEFFREY STONE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES BARBA | MEMBER Trustee or director | 0.25 | $0 | $0 |
| PHILIP CALDERONE | MEMBER Trustee or director | 0.25 | $0 | $0 |
| THOMAS E D'AMBRA PHD | MEMBER Trustee or director | 0.25 | $0 | $0 |
| GEORGE R HEARST III | MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARILYN PENDERGAST | MEMBER Trustee or director | 0.25 | $0 | $0 |
| DOMINICK PURNOMO | MEMBER Trustee or director | 0.25 | $0 | $0 |
| HONORABLE RANDOLPH F TREECE | MEMBER Trustee or director | 0.25 | $0 | $0 |
| WADLER ST JEAN | MEMBER Trustee or director | 0.25 | $0 | $0 |
| LEOLA EDELIN | MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARK EAGAN | MEMBER Trustee or director | 0.25 | $0 | $0 |
| DAN MCCOY | MEMBER Trustee or director | 0.25 | $0 | $0 |
| HONORABLE KATHY M SHEEHAN | MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALAN P GOLDBERG | MEMBER Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN JOHNSON | EXECUTIVE DI Highest-paid employee | 40 | $176,834 |
| JULIA ELBAUM | DIRECTOR OF Officer | 40 | $138,054 |
| DANNY TAYLOR | GENERAL MANA Officer | 40 | $126,195 |
| STEPHEN P BABOULIS | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| JOHN BENNETT MD | VICE CHAIRMA Trustee or director, Officer | 0.25 | $0 |
| JEFFREY STONE | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JAMES BARBA | BOARD MEMBER Trustee or director | 0.25 | $0 |
| PHILIP CALDERONE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| THOMAS E D'AMBRA | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MARK EAGAN | EX-OFFICIO B Trustee or director | 0.25 | $0 |
| GEORGE R HEARST III | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MARILYN PENDERGAST | BOARD MEMBER Trustee or director | 0.25 | $0 |
| DOMINICK PURNOMO | BOARD MEMBER Trustee or director | 0.25 | $0 |
| HON KATHY M SHEEHAN | EX-OFFICIO B Trustee or director | 0.25 | $0 |
| WADLER ST JEAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| HON RANDOLPH F TREECE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ALAN GOLDBERG | CHAIRMAN EME Trustee or director | 0.25 | $0 |
| LEOLA EDELIN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| DANILE P MCCOY | EX-OFFICIO B Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 19 CLINTON AVE, ALBANY, NY 12207-2211
- Principal officer (990 for 2024)
- WADLER ST JEAN, 19 CLINTON AVENUE, ALBANY, NY 12207
- Signed the 990
- WADLER ST JEAN, BOARD TREASURER
- Phone
- (518) 465-3335
- Website
- WWW.PALACEALBANY.ORG
- Return prepared by
- WOJESKI & COMPANY CPA'S PC
Mission
TO OPERATE THE HISTORIC PALACE THEATER A 2,800-SEAT CULTURAL AND ENTERTAINMENT FACILITY THAT IS LOCATED IN ALBANY, NY. THE ORGANIZATION WORKS TO ORGANIZE CULTURAL AND ENTERTAINMENT EVENTS PRESENTING AFFORDABLE, DIVERSE, QUALITY, POPULAR PERFORMING ARTS FOR PEOPLES OF ALL AGES, ETHNICITIES AND MEANS.
Program accomplishments
- TO OPERATE THE PALACE THEATER AND UTILIZE ITS FULL POTENTIAL AS A CULTURAL AND ENTERTAINMENT CENTER IN ALBANY, NY.Expenses $3,538,857 · revenue $4,269,065
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
- 14-1708151
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61Z)
- Assets (IRS master file)
- $7,845,212
- Income (IRS master file)
- $4,944,005
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,944,005 | $4,589,133 | $7,845,212 | IRS |
| 990 | June 2024 | $4,561,436 | $3,903,579 | $7,995,965 | IRS |
| 990 | June 2023 | $4,216,101 | $4,067,894 | $7,460,484 | XML |
| 990 | June 2022 | $5,301,344 | $3,421,648 | $7,859,988 | IRS |
| 990 | 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 14-1708151).
Questions about PALACE PERFORMING ARTS CENTER INC
- What is the EIN of PALACE PERFORMING ARTS CENTER INC?
- The employer identification number (EIN) of PALACE PERFORMING ARTS CENTER INC is 14-1708151.
- Is PALACE PERFORMING ARTS CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to PALACE PERFORMING ARTS CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALACE PERFORMING ARTS CENTER 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 PERFORMING ARTS CENTER 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 PERFORMING ARTS CENTER 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 PERFORMING ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 names WADLER ST JEAN.
- Who are the officers and directors of PALACE PERFORMING ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 2 received compensation from the organization, the highest $177,400 (KEVIN JOHNSON, EXECUTIVE DIRECTOR).
- How much revenue does PALACE PERFORMING ARTS CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,944,005, expenses of $4,589,133 and total assets of $7,845,212 at year end.
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