nonprofit logo

The Palace Performing Arts Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141708151 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is The Palace Performing Arts Center Inc?

The Palace Performing Arts Center Inc, located at 19 Clinton Avenue, Albany, NY 12207, is a nonprofit organization dedicated to maximizing the cultural and entertainment potential of the Palace Theater in Albany, New York. With a workforce of 68 individuals, their mission is centered around operating and utilizing the Palace Theater effectively, transforming it into a vibrant hub for arts and entertainment within the community. The organization's primary focus and activity revolve around managing and showcasing various artistic and entertainment events within the Palace Theater, contributing positively to the local cultural landscape.


Official website here: www.palacealbany.org

Is The Palace Performing Arts Center Inc legitimate?

The Palace Performing Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Palace Performing Arts Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $316,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $629,091

For more financial information, click here


Official website here: www.palacealbany.org

What is the mission statement of The Palace Performing Arts Center Inc?

The Palace Performing Arts Center Inc's mission is centered around operating a cultural and entertainment center to its fullest potential. This mission involves utilizing the Palace Theater as a platform to enrich the community with a variety of performances and events. By doing so, the center aims to contribute to the cultural vitality of the community, providing a space for entertainment and artistic expression. The goal is to engage and captivate audiences, fostering a sense of community and shared experiences through the power of the performing arts.


Official website here: www.palacealbany.org

Who is the CEO of The Palace Performing Arts Center Inc?

Stephen P Baboulis is the Chairman of The Palace Performing Arts Center Inc.


Official website here: www.palacealbany.org

What is the revenue of The Palace Performing Arts Center Inc?

The Palace Performing Arts Center Inc's revenue in 2022 was $5,301,344.


Official website here: www.palacealbany.org

Who are the executives of The Palace Performing Arts Center Inc and what are their salaries?

The average compensation at The Palace Performing Arts Center Inc during 2022 was $13,908. There are 68 employees and 140 volunteers at The Palace Performing Arts Center Inc.

Here are 17 key members and their salaries:

    Julia Elbaum (Director Of)
  • Compensation: $133,726
  • Related: $0
  • Other: $0

    • Danny Taylor (General Mana)
  • Compensation: $109,179
  • Related: $0
  • Other: $0

    • Kevin Johnson (Executive Di)
  • Compensation: $59,740
  • Related: $0
  • Other: $0

    • Stephen P Baboulis (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Bennett Md (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Stone (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Barba (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Goldberg (Chairman Eme) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Borisenok (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Calderone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas E D'Ambra (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Eagan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George R Hearst Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Pendergast (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dominick Purnomo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy M Sheehan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randolph F Treece (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.palacealbany.org

    Where can I find the form 990 for The Palace Performing Arts Center Inc?

    The The Palace Performing Arts Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.palacealbany.org

    Learn more at the official website: www.palacealbany.org

    Mission Statement of The Palace Performing Arts Center Inc

    The Palace Performing Arts Center Inc's mission is centered around operating the Palace Theater and maximizing its potential as a cultural and entertainment hub. In this role, the center aims to serve as a vibrant platform for various artistic expressions and entertainment events, thereby contributing to the rich cultural landscape of the community. By utilizing the full potential of the Palace Theater, this nonprofit organization seeks to enrich the experiences of its patrons, fostering a sense of community and shared enjoyment of the performing arts.

    Impact

    This information is meant to be a general summary of The Palace Performing Arts Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Palace Performing Arts Center Inc, through its operation of the Palace Theater in Albany, NY, significantly enriches the cultural and entertainment landscape of the city. By providing a venue for various forms of performing arts, including music, theater, and dance, The Palace enhances the quality of life for residents and visitors alike. Additionally, the center's activities contribute to the economic vitality of the region by attracting audiences, supporting local businesses, and creating opportunities for artists and performers. Overall, The Palace Performing Arts Center Inc plays a vital role in promoting creativity, diversity, and community engagement in Albany.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,155
  • Program Service Revenue: $3,690,573
  • Gross Receipts: $5,301,344

    • Assets and Liabilities:
  • Total Assets: $7,859,988
  • Total Liabilities: $2,987,420
  • Net Assets: $4,872,568
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $3,572,578

    ADVERTISING

    Revenue

    $106,328

    CONTRACT SERVICE

    Revenue

    $11,667

    Organization Details

    Founding Year

    1988

    Principal Officer

    Stephen P Baboulis

    Main Address

    19 CLINTON AVENUE, ALBANY, NY, 12207

    NTEE Category

    Code: A61Z - Arts

    If you are a representative of The Palace Performing Arts Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.