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THE PALACE THEATER GROUP'S MISSION IS TO GENERATE A POSITIVE ARTISTIC, CULTURAL, EDUCATIONAL,SOCIAL AND FINANCIAL IMPACT IN THE GREATER WATERBURY CONNECTICUT AREA BY MAINTAINING THE PALACE THEATER. TO PRESERVE AND OPERATE THE HISTORIC PALACE THEATER AS A PERFORMING ARTS CENTER AND COMMUNITY GATHERING PLACE THAT PROVIDES A FOCAL POINT OF CULTURAL ACTIVITY AND EDUCATIONAL OUTREACH FOR DIVERSE AUDIENCES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6.8M
Program Spending
88%
of total expenses go to program services
Total Contributions
$1.6M
Total Expenses
▼$6.9M
Total Assets
$8.1M
Total Liabilities
▼$1.2M
Net Assets
$6.9M
Officer Compensation
→$314.8K
Other Salaries
$904K
Investment Income
$146.5K
Fundraising
▼$78.9K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $2.8M | No | 2023-02-23 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $6.8M | $1.6M | $6.9M | $8.1M | $6.9M |
| 2022IRS e-File | $4.9M | $1.6M | $4.8M | $7.8M | $6.6M |
| 2021 | $1.7M | $1.1M | $1.4M | $5.2M | $4.1M |
| 2020 | $4.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Frank Tavera | Chief Exec. | 37.5 | $217.7K | $0 | $0 | $217.7K |
| Sandra Rosa | Finance Offi | 37.5 | $88K | $0 | $13.7K | $101.7K |
| Martin Morgado | Chairman | 0.5 | $0 | $0 | $0 | $0 |
| Michael O'Connor | Vice Chair/t | 0.5 | $0 | $0 | $0 | $0 |
| Mary Rosengrant-Chiappalone | Dev. Committ | 0.5 | $0 | $0 | $0 | $0 |
| Jack Senich | Vice Chair | 0.5 | $0 | $0 | $0 | $0 |
| Shae Apland | Marketing Co | 0.5 | $0 | $0 | $0 | $0 |
| Dora Bennett | Secretary | 0.5 | $0 | $0 | $0 | $0 |
Frank Tavera
Chief Exec.
$217.7K
Hrs/Wk
37.5
Compensation
$217.7K
Related Orgs
$0
Other
$0
Sandra Rosa
Finance Offi
$101.7K
Hrs/Wk
37.5
Compensation
$88K
Related Orgs
$0
Other
$13.7K
Martin Morgado
Chairman
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael O'Connor
Vice Chair/t
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mary Rosengrant-Chiappalone
Dev. Committ
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jack Senich
Vice Chair
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Shae Apland
Marketing Co
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Dora Bennett
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Beth Devino | Director | 0.5 | $0 | $0 | $0 | $0 |
| Carolyn Highsmith | Director | 0.5 | $0 | $0 | $0 | $0 |
| Christopher Rempfer | Director | 0.5 | $0 | $0 | $0 | $0 |
| Dave Martin | Director | 0.5 | $0 | $0 | $0 | $0 |
| Dr Peter Jacoby | Past Chairma | 0.5 | $0 | $0 | $0 | $0 |
| Dr Scott Kurtzman | Director |
Beth Devino
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Carolyn Highsmith
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Christopher Rempfer
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $1.4M |
| $4.4M |
| $4.1M |
| $3.2M |
| 2019 | $4.5M | $844.1K | $5M | $4.3M | $3.4M |
| 2018 | $5.5M | $787K | $5.9M | $4.7M | $3.8M |
| 2017 | $5.8M | $2M | $5.2M | $5.3M | $4M |
| 2016 | $4M | $897.5K | $4.3M | $4.3M | $3.3M |
| 2015 | $4.8M | $949K | $4.9M | $4.3M | $3.5M |
| 2014 | $4.5M | $939.2K | $4.5M | $4.5M | $3.6M |
| 2013 | $4.4M | $981.5K | $4.5M | $4.5M | $2.9M |
| 2012 | $4.5M | $916.9K | $4.7M | $4.2M | $2.9M |
| 2011 | $5M | $994.9K | $4.9M | $4.4M | $3.1M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Felix Rodriguez | Director | 0.5 | $0 | $0 | $0 | $0 |
| Giuseppe Pisani | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jc Hopkins | Director | 0.5 | $0 | $0 | $0 | $0 |
| Joseph D'Orso | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kathleen Brochhausen | Director | 0.5 | $0 | $0 | $0 | $0 |
| Lynnette Letsky Piombo | Director | 0.5 | $0 | $0 | $0 | $0 |
| Mary Grace Cavallo | Director | 0.5 | $0 | $0 | $0 | $0 |
| Matthew Tryforos | Director | 0.5 | $0 | $0 | $0 | $0 |
| Sandra Martinez-Mccarthy | Director | 0.5 | $0 | $0 | $0 | $0 |
| Timothy Rourke | Director | 0.5 | $0 | $0 | $0 | $0 |
| Vanessa Aguilar | Director | 0.5 | $0 | $0 | $0 | $0 |
Dave Martin
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Dr Peter Jacoby
Past Chairma
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Dr Scott Kurtzman
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Felix Rodriguez
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Giuseppe Pisani
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jc Hopkins
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Joseph D'Orso
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Brochhausen
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lynnette Letsky Piombo
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mary Grace Cavallo
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Matthew Tryforos
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Sandra Martinez-Mccarthy
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Timothy Rourke
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Vanessa Aguilar
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0