nonprofit logo

Palace Theatre Trust

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

EIN: 237356019 ✦ Manchester, NH ✦ Designated as a 501(c)(3)

Overview

What is Palace Theatre Trust?

Palace Theatre Trust is a nonprofit organization situated in Manchester, New Hampshire, with an address at 80 Hanover Street, 03101. Their primary mission is to enrich the cultural landscape of the region by offering a wide array of exceptional live performances and educational opportunities for patrons, artists, children, and people of all ages. The trust hosts a diverse selection of events, including in-house produced musical theater, top-name entertainment, non-profit fundraising events, and community events rentals. Approximately 120,000 patrons attend over 252 performances and events annually. The trust also has a strong commitment to youth by offering the Palace Theatre/Forever Emma Studios Youth Initiatives. These initiatives allow more than 19,000 children to participate in theatrical productions through vacation camps, specialized acting companies, and vocal, dancing, or acting classes. In addition to live performances, Palace Theatre Trust serves as a community resource by providing a broad range of high-quality professional and community performances, along with educational opportunities for performers and audiences of all ages. The trust's workforce consists of 84 dedicated individuals.


Official website here: www.palacetheatre.org

Is Palace Theatre Trust legitimate?

Palace Theatre Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palace Theatre Trust 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: $137,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,806,012

For more financial information, click here


Official website here: www.palacetheatre.org

What is the mission statement of Palace Theatre Trust?

The Palace Theatre Trust's mission is to enrich the cultural life of its community by serving as a resource through the stewardship of a historic theater. This is achieved by providing a wide array of live, high-quality professional and community performances, as well as educational opportunities for performers and audiences of all ages. The trust's activities include presenting top-name entertainment, hosting non-profit fundraising events, and offering rental facilities for various community events. Additionally, the Palace Theatre Trust has a strong focus on youth, with youth performing arts programs being an integral part of its initiatives. Over 19,000 children participate in theatrical productions through vacation camps, specialized acting companies, and vocal, dancing, or acting classes. Furthermore, more than 900 youth from grades 2-12 have the opportunity to perform in a Palace production.


Official website here: www.palacetheatre.org

Who is the CEO of Palace Theatre Trust?

Peter Ramsey is the Ceo of Palace Theatre Trust. The CEO's salary of Palace Theatre Trust is $188,674 and their total compensation is $248,287.


Official website here: www.palacetheatre.org

What is the revenue of Palace Theatre Trust?

Palace Theatre Trust's revenue in 2022 was $8,795,217.


Official website here: www.palacetheatre.org

Who are the executives of Palace Theatre Trust and what are their salaries?

The average compensation at Palace Theatre Trust during 2022 was $23,133. There are 84 employees and 120 volunteers at Palace Theatre Trust.

Here are 25 key members and their salaries (Palace Theatre Trust's CEO's salary is $188,674 and their total compensation is $248,287):

    Peter Ramsey (Ceo) [Trustee/Director]
  • Compensation: $188,674
  • Related: $0
  • Other: $59,613

    • J Michael Perrella (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Atty David Eby (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Laprade (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Blais (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Baines (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernesto Burden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Carelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Covey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Demers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sylvio Dupuis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Gamache (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Graham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Houlis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Macneil (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Camille Madden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roland Martin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharron Mccarthy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Mckinney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Mcquaid Cote (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lucia A Merritt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Holly Mintz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Atty Jennifer Parent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Reed (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Skelton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.palacetheatre.org

    Where can I find the form 990 for Palace Theatre Trust?

    The Palace Theatre Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.palacetheatre.org

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

    Mission Statement of Palace Theatre Trust

    The Palace Theatre Trust, a renowned nonprofit organization, is dedicated to enriching the cultural landscape of its community by serving as a valuable resource. This is achieved through the meticulous stewardship of the historic Palace Theatre. The Palace Theatre Trust accomplishes this mission by offering a diverse array of high-quality live performances for patrons, artists, children, and people of all ages. This encompasses in-house produced live professional musical theatre, top-notch presenting entertainment, non-profit fundraising events, and community rentals for various events.

    In addition to live performances, the Palace Theatre Trust provides educational opportunities for both performers and audiences. These educational opportunities cater to individuals of all ages, fostering a sense of engagement and learning within the community. The organization's commitment to education is evident in its youth performing arts programs, which have seen over 19,000 children participate in theatrical productions through vacation camps, specialized acting companies, and vocal, dancing, or acting classes.

    By offering a wide range of live performances and educational opportunities, the Palace Theatre Trust plays a significant role in enriching the cultural life of its community. It serves as a beacon of creativity and inspiration, providing a platform for both established and emerging artists while nurturing the next generation of performers.

    Impact

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




    Thursday, August 15, 2024

    The impact of Palace Theatre Trust is significant in enriching the region's cultural life and serving as a community resource through its stewardship of the historic Palace Theatre. By offering a diverse selection of extremely high-quality live performances and educational opportunities for patrons, artists, children, and people of all ages, the Palace Theatre plays a vital role in the cultural landscape of the community.

    Approximately 120,000 patrons attended over 252 performances and events hosted by the Palace Theatre, showcasing the widespread appeal and influence of its programs. The youth performing arts programs organized by the Palace Theatre have also had a profound impact, with over 19,000 children participating in theatrical productions through vacation camps, acting classes, and specialized acting companies. Furthermore, more than 900 youth in grades 2-12 have had the opportunity to perform in Palace Theatre productions, providing valuable experience and nurturing young talent in the arts.

    Through its mission to enrich the region's cultural life and provide access to high-quality performances and educational opportunities, Palace Theatre Trust stands out as a crucial contributor to the community's artistic vibrancy and growth.





    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: $270,210
  • Program Service Revenue: $3,737,676
  • Gross Receipts: $9,860,422

    • Assets and Liabilities:
  • Total Assets: $15,190,873
  • Total Liabilities: $3,214,661
  • Net Assets: $11,976,212
  • Programs

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

    SHOW REVENUE

    Revenue

    $2,916,188

    HISTORIC FEE

    Revenue

    $351,289

    YOUTH THEATRE FEES

    Revenue

    $314,102

    ADVERTISING INCOME

    Revenue

    $78,192

    RENTS

    Revenue

    $77,905

    Organization Details

    Founding Year

    1974

    Principal Officer

    Peter Ramsey

    Main Address

    80 HANOVER STREET, MANCHESTER, NH, 03101

    NTEE Category

    Code: A610 - Arts

    If you are a representative of Palace Theatre Trust 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.