Nonprofit · EIN 23-7356019
PALACE THEATRE TRUST
Tax-exempt · MANCHESTER, NH 03101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,388,593 | $7,738,874 | $1,649,719 | $20,427,087 | $5,278,913 | $15,148,174 |
| June 30, 2024 | 990 | $6,885,318 | $7,072,176 | -$186,858 | $19,516,975 | $5,810,285 | $13,706,690 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,137,117
- of which government grants
- $5,365
- Program service revenue
- $5,457,698
- Investment income
- $1,244,126
- Net gain from sales of assets
- $1,051,761
- Net income from fundraising events
- $77,723
- Net income from gaming
- $128,258
- Net income from sales of inventory
- $293,473
- Other revenue
- $549,652
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $221,909
- Other salaries and wages
- $2,380,297
- Salaries, compensation and benefits (total)
- $2,979,359
- Professional fundraising fees
- $0
- Accounting fees
- $62,803
- Occupancy
- $556,794
- Depreciation
- $487,836
- Program services (functional)
- $5,038,880
- Management and general (functional)
- $2,399,427
- Fundraising (functional)
- $300,567
Balance sheet and other
- Total assets, start of year
- $19,516,975
- Total assets, end of year
- $20,427,087
- Total liabilities, end of year
- $5,278,913
- Net assets, end of year
- $15,148,174
- Land, buildings and equipment
- $5,979,520
- Publicly traded securities
- $7,287,160
- Net assets without donor restrictions
- $7,681,214
- Net assets with donor restrictions
- $7,466,960
- Gross receipts
- $14,133,962
- Employees
- 96
- Volunteers
- 120
- Year formed
- 1974
- State of legal domicile
- NH
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 |
|---|---|---|---|---|
| PETER RAMSEY | CEO Trustee or director, Officer | 40 | $221,909 | $42,074 |
| ATTY DAVID EBY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RONALD A MARTIN II | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK LAPRADE CPA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SETH WALL EDD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DOUG BLAIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J MICHAEL PERRELLA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNESTO BURDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RON COVEY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SYLVIO L DUPUIS OD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH HOULIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED ITHIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MACNEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAMILLE MADDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARRON MCCARTHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON MCKINNEY | TRUSTEE Trustee or director | 1 | $0 |
| LUCIA A MERRITT | TRUSTEE Trustee or director | 1 | $0 |
| NORRI OBERLANDER | TRUSTEE Trustee or director | 1 | $0 |
| ATTY JENNIFER PARENT | TRUSTEE Trustee or director | 1 | $0 |
| MIKE REED | TRUSTEE Trustee or director | 1 | $0 |
| JONATHAN EDDINGER MD | TRUSTEE Trustee or director | 1 | $0 |
| MARIA MONGAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER RAMSEY | CEO Trustee or director, Officer | 40 | $225,004 | $41,221 |
| J MICHAEL PERRELLA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ATTY DAVID EBY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK LAPRADE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DOUG BLAIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT BAINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNESTO BURDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RON COVEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SYLVIO DUPUIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONNA GAMACHE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH HOULIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ED ITHIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MACNEIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAMILLE MADDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARRON MCCARTHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JASON MCKINNEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATIE MCQUAID COTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCIA A MERRITT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HOLLY MINTZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NORRI OBERLANDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ATTY JENNIFER PARENT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE REED | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL SKELTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SETH WALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 80 HANOVER ST, MANCHESTER, NH 03101-2212
- Principal officer (990 for 2024)
- PETER RAMSEY, 80 HANOVER STREET, MANCHESTER, NH 03101
- Signed the 990
- PETER RAMSEY, CEO
- Phone
- (603) 668-5588
- Website
- WWW.PALACETHEATRE.ORG
- Return prepared by
- PAOLILLI JAREK HESSION & PARE LLC
Mission
TO ENRICH THE REGION'S CULTURAL LIFE AND SERVE AS A COMMUNITY RESOURCE THROUGH ITS STEWARDSHIP OF THE HISTORIC PALACE THEATRE. IT DOES SO BY PROVIDING A BROAD RANGE OF LIVE, HIGH QUALITY, PROFESSIONAL AND COMMUNITY PERFORMANCES, AS WELL AS EDUCATIONAL OPPORTUNITIES FOR PERFORMERS AND AUDIENCES OF ALL AGES.
Program accomplishments
- ENRICHING THE REGION'S CULTURAL LIFE AND OFFERING A DIVERSE SELECTION OF EXTREMELY HIGH QUALITY LIVE PERFORMANCES AND EDUCATIONAL OPPORTUNITIES FOR PATRONS, ARTISTS, CHILDREN AND PEOPLE OF ALL AGES DEFINES THE PALACE THEATRE. FROM IN-HOUSE PRODUCED LIVE PROFESSIONAL MUSICAL THEATRE, TOP NAME PRESENTING ENTERTAINMENT, OTHER NON-PROFIT FUNDRAISING EVENTS AND RENTALS FOR MANY COMMUNITY EVENTS ARE ALL PART OF WHAT DEFINES THE PALACE THEATRE. APPROXIMATELY 120,000 PATRONS ATTENDED WITH OVER 252 PERFORMANCES AND EVENTS. YOUTH PERFORMING ARTS PROGRAMS ARE AN INTEGRAL PART OF THE PALACE THEATRE/FOREVER EMMA STUDIOS YOUTH INITIATIVES WITH OVER 19,000 CHILDREN EXPERIENCING THEATRICAL PRODUCTIONS THROUGH PARTICIPATION IN VACATION CAMPS, SPECIALIZED ACTING COMPANIES AND VOCAL, DANCING OR ACTING CLASSES. ADDITIONALLY, MORE THAN 900 YOUTH, GRADES 2-12 PERFORMED IN A PALACE PRODUCTION.Expenses $5,038,880 · revenue $5,457,698
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
- 23-7356019
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A610)
- Assets (IRS master file)
- $20,427,087
- Income (IRS master file)
- $14,133,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,388,593 | $7,738,874 | $20,427,087 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $6,885,318 | $7,072,176 | $19,516,975 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $6,859,427 | $6,470,757 | $17,432,567 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $8,795,217 | $5,959,202 | $15,190,873 | 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 23-7356019).
Questions about PALACE THEATRE TRUST
- What is the EIN of PALACE THEATRE TRUST?
- The employer identification number (EIN) of PALACE THEATRE TRUST is 23-7356019.
- Is PALACE THEATRE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to PALACE THEATRE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALACE THEATRE TRUST 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 THEATRE TRUST 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 THEATRE TRUST 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 THEATRE TRUST?
- The 990 for the year ended June 30, 2025 names PETER RAMSEY.
- Who are the officers and directors of PALACE THEATRE TRUST?
- The 990 for the year ended June 30, 2025 lists 22 people; 1 received compensation from the organization, the highest $221,909 (PETER RAMSEY, CEO).
- How much revenue does PALACE THEATRE TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,388,593, expenses of $7,738,874 and total assets of $20,427,087 at year end.
Other nonprofits in MANCHESTER
- CURRIER MUSEUM OF ART EIN 32-0745696 · last filed 990 for 2025
- MAKE A WISH OF NEW HAMPSHIRE INC EIN 02-0405369 · last filed 990 for 2025
- SEE SCIENCE CENTER INC EIN 27-4204522 · last filed 990 for 2024
- BUILDING COMMUNITY IN NEW HAMPSHIRE EIN 27-3435232 · last filed 990 for 2024
- MAJESTIC THEATRE EIN 02-0456771 · last filed 990 for 2025
- OPEN ARTS UNITED EIN 92-3484249 · last filed 990 for 2024
- FRANCO-AMERICAN CENTRE FRANCO AMERICAN EIN 02-0444911 · last filed 990 for 2025
- THREE MAPLES RENAISSANCE CORPORATION EIN 45-3860067 · last filed 990 for 2025
All nonprofits in MANCHESTER · New Hampshire · Arts, culture and humanities