Friends Of The Palace Theater

Organization Overview

Friends Of The Palace Theater is located in Hilo, HI. The organization was established in 2002. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Friends Of The Palace Theater employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Palace Theater 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 12/2021, Friends Of The Palace Theater generated $596.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $401.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE CULTURAL AND EDUCATIONAL EVENTS AND RESTORE A HISTORIC BUILDING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CULTURAL EVENTS (FILMS, PLAYS, HULA PERFORMANCES, CONCERTS) FOR THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Phillips Payson
Executive Di
$44,968
Wendy Peskin
President
$0
Larry Reitzer
Vice Preside
$0
Susan Starkey Hendricks
Treasurer
$0
Beth Block
Secretary
$0
Deborah Kimball PHD
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $330,552
All other contributions, gifts, grants, and similar amounts not included above$149,541
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$480,093
Total Program Service Revenue$115,912
Investment income $69
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 $596,074

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Friends Of The Palace Theater has recieved totaling $49,620.

Awarding OrganizationAmount
Historic Hawaii Foundation

Honolulu, HI

PURPOSE: REHABILITATION OF HISTORIC THEATER

$39,000
Atherton Family Foundation

Honolulu, HI

PURPOSE: PROTECTING THE HILO PALACE THEATER

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$620
View Grant Recipient Profile

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