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Corsicanas Palace Theatre

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Performing Arts Centers (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported an excess benefit transaction
An excess benefit transaction is one in which a tax-exempt organization inappropriately enriches or overpays a related person. That might include, for example, embezzlement or other kinds of fraud. Organizations must report these transactions on Schedule L upon discovering them.
Reported a significant diversion of assets
Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

Summary charts: organization finances over time

Revenue
$276k (2023)

Expenses
$464k (2023)

Total Assets
$43.4k (2023)

Total Liabilities
$117k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,196
Expenses
$464,441
Net Income
-$188,245
Net Assets
-$73,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,369
38.2%
Program Services $93,531
33.9%
Investment Income $10,005
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $67,291
24.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,372
Total Liabilities $116,777
Net Assets -$73,405
Other
Reported an excess benefit transaction
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Hm Davenport (Director) $0 $0 $0
Kay Cook (Director) $0 $0 $0
Kristin Maupin Hays (Director) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Sandra Huffman (Director) $0 $0 $0
Tim Brady (Director) $0 $0 $0
Fred Biltz (Director) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
Malinda Veldman (President) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0
David Timmerman (Past President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$426,643
Expenses
$409,228
Net Income
$17,415
Net Assets
$114,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $310,920
72.9%
Program Services $86,127
20.2%
Investment Income $10,000
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,596
4.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $132,805
Total Liabilities $17,965
Net Assets $114,840
Compensation
Key Employees and Officers Compensation Related Other
Hm Davenport (Director) $0 $0 $0
Kay Cook (Director) $0 $0 $0
Kristin Maupin Hays (Director) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Sandra Huffman (Director) $0 $0 $0
Tim Brady (Director) $0 $0 $0
Fred Biltz (Director) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
Malinda Veldman (Vice President) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0
David Timmerman (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,204
Expenses
$302,009
Net Income
-$74,805
Net Assets
$97,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,633
72.9%
Program Services $30,280
13.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $31,291
13.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,845
Total Liabilities $420
Net Assets $97,425
Compensation
Key Employees and Officers Compensation Related Other
Hm Davenport (Director) $0 $0 $0
Kay Cook (Director) $0 $0 $0
Kristin Maupin Hays (Director) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Sandra Huffman (Director) $0 $0 $0
Tim Brady (Director) $0 $0 $0
Fred Biltz (Director) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
Malinda Veldman (Vice President) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0
David Timmerman (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$332,890
Expenses
$247,456
Net Income
$85,434
Net Assets
$172,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $253,267
76.1%
Program Services $83,956
25.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,333
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $174,075
Total Liabilities $1,845
Net Assets $172,230
Compensation
Key Employees and Officers Compensation Related Other
Kristin Maupin Hays (Director) $0 $0 $0
Hm Davenport (Director) $0 $0 $0
Kay Cook (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Malinda Veldman (Vice President) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Mark Rash (Director) $0 $0 $0
David Timmerman (President) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
Fred Biltz (Past President) $0 $0 $0
Sandra Huffman (Director) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$331,003
Expenses
$319,365
Net Income
$11,638
Net Assets
$86,796
Notable Sources of Revenue Percent of Total Revenue
Contributions $132,874
40.1%
Program Services $174,117
52.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $24,012
7.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $127,540
Total Liabilities $40,744
Net Assets $86,796
Compensation
Key Employees and Officers Compensation Related Other
Mark Rash (Director) $0 $0 $0
Kay Cook (Director) $0 $0 $0
Hm Davenport (Director) $0 $0 $0
Kristin Maupin Hays (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Malinda Veldman (Vice President) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
David Timmerman (President) $0 $0 $0
Fred Biltz (Past President) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0
Sandra Huffman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$356,229
Expenses
$322,367
Net Income
$33,862
Net Assets
$75,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $228,805
64.2%
Program Services $113,305
31.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $14,119
4.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $99,132
Total Liabilities $23,974
Net Assets $75,158
Compensation
Key Employees and Officers Compensation Related Other
Mark Rash (Director) $0 $0 $0
Tim Brady (Director) $0 $0 $0
Hm Davenport (Director) $0 $0 $0
Kristin Maupin Hays (Director) $0 $0 $0
Liz Kingman (Director) $0 $0 $0
Margie Taylor (Director) $0 $0 $0
Malinda Veldman (Director) $0 $0 $0
Rob Glass (Treasurer) $0 $0 $0
David Timmerman (Vice President) $0 $0 $0
Fred Biltz (President) $0 $0 $0
Donna Rogers (Secretary) $0 $0 $0
Suzanne Smith (Past President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,909
Expenses
$291,924
Net Income
-$20,015
Net Assets
$41,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,567
55.4%
Program Services $110,965
40.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $10,377
3.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,310
Total Liabilities $32,014
Net Assets $41,296
Compensation
Key Employees and Officers Compensation Related Other
Rob Glass (Treasurer) $0 $0 $0
Lloyd Huffman (Technical Director) $0 $0 $0
Mark Rash (Past President) $0 $0 $0
Fred Biltz (Vice President) $0 $0 $0
Carolyn Yates (Secretary) $0 $0 $0
Suzanne Smith (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$302,599
Expenses
$259,730
Net Income
$42,869
Net Assets
$61,311
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,891
53.2%
Program Services $134,082
44.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $7,626
2.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $61,311
Total Liabilities $0
Net Assets $61,311
Compensation
Key Employees and Officers Compensation Related Other
Rob Glass (Past President) $0 $0 $0
Lloyd Huffman (Technical Director) $0 $0 $0
Mark Rash (President) $0 $0 $0
Monty Trimble (Treasurer) $0 $0 $0
Carolyn Yates (Secretary) $0 $0 $0
Suzanne Smith (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,673
Expenses
$275,882
Net Income
-$33,209
Net Assets
$18,442
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,529
54.2%
Program Services $100,132
41.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $11,012
4.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,842
Total Liabilities $26,400
Net Assets $18,442
Compensation
Key Employees and Officers Compensation Related Other
Rob Glass (Chairman) $0 $0 $0
Lloyd Huffman (Technical Director) $0 $0 $0
Mark Rash (Vice President) $0 $0 $0
Monty Trimble (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,178
Expenses
$239,420
Net Income
$77,758
Net Assets
$51,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,812
66.1%
Program Services $95,956
30.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $11,410
3.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $77,134
Total Liabilities $25,483
Net Assets $51,651
Compensation
Key Employees and Officers Compensation Related Other
Liz Kingman (President) $0 $0 $0
Rob Glass (Vice President) $0 $0 $0
Carolyn Yates (Secretary) $0 $0 $0
Monty Trimble (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,462
Expenses
$246,644
Net Income
-$25,182
Net Assets
-$26,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,236
57.9%
Program Services $78,961
35.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $14,265
6.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,862
Total Liabilities $55,969
Net Assets -$26,107

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,359
Expenses
$260,666
Net Income
$22,693
Net Assets
-$925
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,057
42.7%
Program Services $152,208
53.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $10,094
3.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,201
Total Liabilities $25,126
Net Assets -$925

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,600
Expenses
$253,873
Net Income
-$32,273
Net Assets
-$23,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $110,432
49.8%
Program Services $92,443
41.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $18,725
8.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,508
Total Liabilities $74,126
Net Assets -$23,618

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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