Nonprofit · EIN 16-1596628
HISTORIC PALACE INC
Tax-exempt · LOCKPORT, NY 14094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $994,274 | $1,214,721 | -$220,447 | $3,303,004 | $507,836 | $2,795,168 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $169,010
- of which government grants
- $23,918
- Program service revenue
- $654,192
- Investment income
- $0
- Net income from sales of inventory
- $171,072
- Other revenue
- $171,072
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $362,627
- Salaries, compensation and benefits (total)
- $362,627
- Professional fundraising fees
- $0
- Occupancy
- $14,980
- Depreciation
- $131,770
- Program services (functional)
- $647,502
- Management and general (functional)
- $567,219
Balance sheet and other
- Total assets, start of year
- $3,365,654
- Total assets, end of year
- $3,303,004
- Total liabilities, end of year
- $507,836
- Net assets, end of year
- $2,795,168
- Land, buildings and equipment
- $3,107,307
- Net assets without donor restrictions
- $2,795,168
- Gross receipts
- $1,065,952
- Employees
- 16
- Year formed
- 2000
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL CZARNECKI | PRESIDENT Trustee or director, Officer | – | $0 |
| R SCOTT DELUCA | VICE PRESIDE Trustee or director, Officer | – | $0 |
| SUE GLYNN | TREASURER Trustee or director, Officer | – | $0 |
| DAWN KEOUGH | SECRETARY Trustee or director, Officer | – | $0 |
| REBECCA WILSON | DIRECTOR Trustee or director | – | $0 |
| LEEMARIE CUSHMAN | DIRECTOR Trustee or director | – | $0 |
| MARIETTA SCHRADER | DIRECTOR Trustee or director | – | $0 |
| ROBERTA DONOVAN | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 2 EAST AVE, LOCKPORT, NY 14094-3708
- In care of
- % ELLEN SCHRATZ
- Mailing address (990-N for 2009)
- PO Box 19, Lockport NY 14095
- Principal officer (990 for 2024)
- PHIL CZARNECKI
- Principal officer (990-N for 2009)
- Chairman of the Board - Historic Palace Inc, PO Box 19, Lockport NY 14095
- Signed the 990
- PHIL CZARNECKI, PRESIDENT
- Phone
- (716) 438-1130
- Return prepared by
- WITTLIN DRY & DRY LLP
Mission
PRESERVING AND MAINTAINING COMMUNITY HISTORIC THEATRE.
Program accomplishments
- PRESERVING AND MAINTAINING COMMUNITY HISTORIC THEATRE.Expenses $647,502
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1596628
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $3,303,004
- Income (IRS master file)
- $1,065,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $903,639 | $1,120,931 | $3,365,654 | IRS |
| 990 | December 2022 | $2,038,484 | $1,036,274 | $4,212,813 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2009 Officer: Chairman of the Board - Historic Palace Inc | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about HISTORIC PALACE INC
- What is the EIN of HISTORIC PALACE INC?
- The employer identification number (EIN) of HISTORIC PALACE INC is 16-1596628.
- Is HISTORIC PALACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to HISTORIC PALACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HISTORIC PALACE 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 HISTORIC PALACE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HISTORIC PALACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HISTORIC PALACE INC?
- The 990 for the year ended December 31, 2024 names PHIL CZARNECKI.
- Who are the officers and directors of HISTORIC PALACE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does HISTORIC PALACE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $994,274, expenses of $1,214,721 and total assets of $3,303,004 at year end.
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