Canton Palace Theater Association
- Assets
- $2.0m
- Revenue
- $869.8k
- Investments
- $49.1k
- Employees
- 13
- Location
- Canton, OH
- Founding
- 12/1979
- Data as of
- 06/2023
- EIN
- 34-1286663
Organization Overview
Canton Palace Theater Association is located in Canton, OH. The organization was established in 1979. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Canton Palace Theater Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Palace Theater Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Canton Palace Theater Association generated $869.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $982.9k during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CANTON PALACE THEATRE ASSOCIATION MAINTAINS THE ARCHITECTURAL INTEGRITY OF ITS HISTORIC THEATRE AND PARTNERS WITH OTHERS TO PRESENT CULTURAL, ENTERTAINMENT, AND EDUCATIONAL EXPERIENCES FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Herberghs Chairperson | OfficerTrustee | 1 | $0 |
Ryan Ford Director | Trustee | 1 | $0 |
Jonathan Crawford Interim Treasurer | OfficerTrustee | 2 | $0 |
James Fye Executive Vice Chairperson | OfficerTrustee | 1 | $0 |
Heather Null Director | Trustee | 1 | $0 |
Julie Renner Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fred Olivieri Construction Company Construction | 6/29/19 | $257,635 |
Rt Hampton Plumbing & Heating Inc Construction | 6/29/19 | $102,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $24,984 |
| Membership dues | $58,965 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,375 |
| Noncash contributions included in lines 1a–1f | $34,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,324 |
| Total Program Service Revenue | $606,067 |
| Investment income | $433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $869,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,250 |
| Compensation of current officers, directors, key employees. | $17,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,443 |
| Pension plan accruals and contributions | $1,488 |
| Other employee benefits | $4,645 |
| Payroll taxes | $23,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $748 |
| Fees for services: Accounting | $9,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,704 |
| Advertising and promotion | $84,994 |
| Office expenses | $29,071 |
| Information technology | $6,872 |
| Royalties | $0 |
| Occupancy | $112,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,601 |
| Interest | $4,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,241 |
| Insurance | $2,019 |
| All other expenses | $5,460 |
| Total functional expenses | $982,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,461,695 |
| Investments—publicly traded securities | $1,505 |
| Investments—other securities | $49,139 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,767 |
| Total assets | $2,005,125 |
| Accounts payable and accrued expenses | $57,834 |
| Grants payable | $0 |
| Deferred revenue | $32,780 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,767 |
| Total liabilities | $249,381 |
| Net assets without donor restrictions | $1,652,002 |
| Net assets with donor restrictions | $103,742 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,005,125 |