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Corsicanas Palace Theatre

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

EIN: 043736523 ✦ Corsicana, TX ✦ Designated as a 501(c)(3)

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Overview

What is Corsicanas Palace Theatre?

The Corsicanas Palace Theatre, located in Corsicana, Texas, serves as a hub for showcasing a diverse range of professional musicians. This nonprofit organization, with a seating capacity of 634, hosts approximately five to six major performances annually, catering to both adults and children. Notable artists like Crystal Gayle, Larry Gatlin, Ronnie Milsap, Vicki Lawrence, and Terry Fator have graced its stage. The theatre's expenses primarily cover artists' fees, travel, lodging, and production costs, while revenue is generated through ticket sales and concessions. The primary mission of the Corsicanas Palace Theatre is to expose the public to various musical genres by inviting professional artists, offering an immersive early 1920s-style theatre experience.


Official website here: www.corsicanapalace.com

Is Corsicanas Palace Theatre legitimate?

Corsicanas Palace Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corsicanas Palace Theatre 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.corsicanapalace.com

What is the mission statement of Corsicanas Palace Theatre?

The Corsicanas Palace Theatre annually showcases a variety of professional musical artists in an early 1920s-style setting, catering to both adults and children. The theatre's primary service involves presenting artists, with five to six major performances each year and numerous additional performances. The theater seats 634 and has hosted artists such as Crystal Gayle, Larry Gatlin, Ronnie Milsap, Vicki Lawrence, and Terry Fator. The expenses cover artists' fees, travel, and lodging, as well as production costs. Revenue is generated through ticket sales and concessions, serving as the means to fulfill the theatre's exempt purpose of exposing the public to different genres of music through professional artists.


Official website here: www.corsicanapalace.com

Who is the CEO of Corsicanas Palace Theatre?

David Timmerman is the President of Corsicanas Palace Theatre.


Official website here: www.corsicanapalace.com

What is the revenue of Corsicanas Palace Theatre?

Corsicanas Palace Theatre's revenue in 2022 was $426,643.


Official website here: www.corsicanapalace.com

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


Here are 12 key members and their salaries:


Hm Davenport (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Maupin Hays (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margie Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Kingman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Huffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Brady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Biltz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Glass (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malinda Veldman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Rogers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Timmerman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.corsicanapalace.com

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

Corsicanas Palace Theatre's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.corsicanapalace.com

Learn more at the official website: www.corsicanapalace.com

Mission Statement of Corsicanas Palace Theatre

The Corsicana Palace Theatre, with its early 1920s style, annually presents a diverse array of professional musical artists to the public. The theatre's mission revolves around showcasing various vocalists, instrumentalists, and musical performances, catering to both adults and children. The venue, seating 634 individuals, has hosted renowned artists such as Crystal Gayle, Larry Gatlin, Ronnie Milsap, Vicki Lawrence, and Terry Fator. The theatre's expenses cover artists' fees, travel, lodging, and production costs, while revenue is generated through ticket sales and concessions. The performances at the Corsicana Palace Theatre serve as a means to expose the public to different genres of music through professional artists, fulfilling its exempt purpose.

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Impact




October, 2024

Corsicana's Palace Theatre serves as a vibrant cultural hub, enriching the local community by providing a diverse array of professional musical performances in a historic setting reminiscent of the early 1920s. With a seating capacity of 634, the theatre hosts five to six major performances each year, along with numerous other events tailored for audiences of all ages. This programming not only showcases a wide range of musical genres but also attracts notable artists, such as Crystal Gayle, Larry Gatlin, Ronnie Milsap, Vicki Lawrence, and Terry Fator, elevating the cultural profile of Corsicana.

The theatre's impact extends beyond entertainment; it fosters community engagement by bringing people together for shared experiences. By exposing the public to various styles of music through professional talent, the Palace Theatre enhances the local arts scene and contributes to the overall cultural richness of Corsicana. The revenue generated from ticket sales and concessions further supports this mission, reinforcing the theatre's role as a key player in promoting the arts and providing high-quality entertainment.




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


Financials

This financial information is from Propublica.

Revenue
$426,643 (2022)
201120122013201420152016201720182019202020212022$0$150k$300k$450k$600k
Expenses
$409,228 (2022)
201120122013201420152016201720182019202020212022$0$150k$300k$450k$600k
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $10,000
  • Program Service Revenue: $86,127
  • Gross Receipts: $451,517

Assets and Liabilities:

  • Total Assets: $132,805
  • Total Liabilities: $17,965
  • Net Assets: $114,840

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Programs

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

TICKET SALESCONCESSION

Revenue

$86,127

Organization Details

Founding Year

2003

Principal Officer

David Timmerman

Main Address

P O BOX 408, CORSICANA, TX, 75151

NTEE Category

Code: A61 - Arts

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