Nonprofit · EIN 36-3487153
PALETTE MASQUE AND LYRE
Also known as P L & M THEATRE
Tax-exempt · ANTIOCH, IL 60002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $329,616 | $289,980 | $39,636 | $580,880 | $99,165 | $481,715 |
| August 31, 2024 | 990 | $232,655 | $300,681 | -$68,026 | $580,290 | $133,984 | $446,306 |
| August 31, 2023 | 990 | $211,533 | $192,017 | $19,516 | $644,781 | $127,162 | $517,619 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $39,222
- of which government grants
- $5,000
- Membership dues
- $1,195
- Program service revenue
- $290,177
- Investment income
- $217
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,517
- Other salaries and wages
- $27,776
- Salaries, compensation and benefits (total)
- $69,193
- Professional fundraising fees
- $0
- Legal fees
- $3,712
- Occupancy
- $52,466
- Depreciation
- $2,696
- Program services (functional)
- $181,772
- Management and general (functional)
- $108,208
Balance sheet and other
- Total assets, start of year
- $580,290
- Total assets, end of year
- $580,880
- Total liabilities, end of year
- $99,165
- Net assets, end of year
- $481,715
- Land, buildings and equipment
- $412,032
- Net assets without donor restrictions
- $481,715
- Gross unrelated business income
- $217
- Gross receipts
- $329,616
- Employees
- 19
- Volunteers
- 250
- Year formed
- 1963
- State of legal domicile
- IL
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adam Armstrong | Managing Director Key employee | 40 | $45,010 |
| Isaac Armstrong | Treasurer Officer | 10 | $1,867 |
| Betsy Grindol | Vice President Officer | 15 | $1,110 |
| Christi Nicholson | Member At Large Trustee or director | 10 | $1,000 |
| Michelle Self | Recording Secretary Trustee or director | 10 | $500 |
| Jane Hausman | Member At Large Trustee or director | 10 | $0 |
| Jennifer Biel Franco | Corresponding Secretary Trustee or director | 10 | $0 |
| Regina Reynolds | President Officer | 20 | $0 |
990 for the year ended August 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Randy Margison | Member At Large Trustee or director | 5 | $0 |
| Jane Hausman | Member At Large Trustee or director | 5 | $0 |
| Paula Mantas | Member At Large Trustee or director | 5 | $0 |
| Christi Nicholson | Member At Large Trustee or director | 5 | $0 |
| Michelle Self | Recording Secretary Trustee or director | 10 | $0 |
| Jennifer Biel Franco | Corresponding Secretary Trustee or director | 10 | $0 |
| Isaac Armstrong | Treasurer Officer | 10 | $0 |
| Betsy Grindol | Vice President Officer | 10 | $0 |
| Regina Reynolds | President Officer | 20 | $0 |
990 for the year ended August 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Biel Franco | Corresponding Secretary Trustee or director | 7 | $0 |
| Darius Russelle | Member at Large Trustee or director | 3 | $0 |
| Paula Mantas | Member at Large Trustee or director | 3 | $0 |
| Randy Margison | Member at Large Trustee or director | 3 | $0 |
| Christen Dominguez | Immediate Past President Trustee or director | 3 | $0 |
| Michelle Self | Member at Large Trustee or director | 5 | $0 |
| Guy Finley | Member at Large Trustee or director | 3 | $0 |
| Madison Mantas | Recording Secretary Trustee or director | 5 | $0 |
| Regina Reynolds | President Officer | 25 | $0 |
| Adam Armstrong | VP-Production Officer | 20 | $0 |
| Betsy Grindol | VP-Operations Officer | 15 | $0 |
| Isaac Armstrong | Treasurer Key employee | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23, ANTIOCH, IL 60002-0023
- Principal officer (990 for 2024)
- Regina Reynolds, PO Box 23, Antioch, IL 60002
- Signed the 990
- Alice Byrne, Bookkeeper
- Phone
- (847) 395-3433
- Website
- www.pmltheatre.com
Mission
The purposes for which the corporation is organized are: to promote the fine arts by producing plays, art exhibits, music concerts, musical comedies and instructing the same. PM&L, Inc. does not discriminate against any prospective member or participant because of his or her race, color, religion, sex, national origin, ancestry, age, order of protection status, marital status, physical or mental disability, military status, sexual orientation, pregnancy, or unfavorable discharge from military service.
Program accomplishments
- Season 62 Productions: Seven mainstage shows were produced in Season 62 including HELLO DOLLY!; OUT OF SIGHT, OUT OF MURDER; ROCKY HORROR PICTURE SHOW; A CHRISTMAS CAROL; SHE LOVES ME; MARJORIE PRIME; HAIRSPRAY. 64 total performances were completed of these seven shows attended by 6900 patrons. In addition, thirteen special events were held in the second stage area including standup comedy; improvisation; cabaret; small cast productions. This Program Service expense and revenue includes not only the performances themselves but also program advertising sales and concession sales associated with those performances.Expenses $141,916 · revenue $256,199
- Children's Stagestruck Theatre Workshop: During Season 62, PML again expanded the offered children's theatre workshops, opening up to various age groups and timeframes. The experience includes education on acting, singing, dancing, set construction and general performance. The workshops concluded with several performances of WIZARD OF OZ; ADDAMS FAMILY; SHREK THE MUSICAL; RAPUNZEL. Revenues are generated by workshop fees along with performance ticket sales at a modest $10. The program included 204 workshop participants that performed 26 events with 3016 patrons attending. This program area revenue includes ticket sales for the performances, but also enrollment fees for the children's workshops.Expenses $39,856 · revenue $39,856
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 36-3487153
- 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
- 1987
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A650)
- Assets (IRS master file)
- $580,880
- Income (IRS master file)
- $329,616
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $329,616 | $289,980 | $580,880 | XML |
| 990 | August 2024 | $232,655 | $300,681 | $580,290 | XML |
| 990 | August 2023 | $211,533 | $192,017 | $644,781 | XML |
| 990 | August 2022 | $133,187 | $117,947 | $633,743 | IRS |
| 990 | August 2021 | – | – | – | 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 36-3487153).
Questions about PALETTE MASQUE AND LYRE
- What is the EIN of PALETTE MASQUE AND LYRE?
- The employer identification number (EIN) of PALETTE MASQUE AND LYRE is 36-3487153.
- Is PALETTE MASQUE AND LYRE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to PALETTE MASQUE AND LYRE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALETTE MASQUE AND LYRE 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 PALETTE MASQUE AND LYRE due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALETTE MASQUE AND LYRE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of PALETTE MASQUE AND LYRE?
- The 990 for the year ended August 31, 2025 names Regina Reynolds.
- Who are the officers and directors of PALETTE MASQUE AND LYRE?
- The 990 for the year ended August 31, 2025 lists 8 people; 5 received compensation from the organization, the highest $45,010 (Adam Armstrong, Managing Director).
- How much revenue does PALETTE MASQUE AND LYRE have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $329,616, expenses of $289,980 and total assets of $580,880 at year end.
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