Nonprofit · EIN 84-4733344
PALACE THEATRE FOUNDATION
Tax-exempt · NEW ORLEANS, LA 70181
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $35,500 | $29,319 | $6,181 | $1,692,975 | $533,063 | $1,159,912 |
| December 31, 2024 | 990-PF | $116,546 | $46,798 | $69,748 | $1,756,261 | $602,530 | $1,153,731 |
| December 31, 2023 | 990-PF | $184,900 | $50,686 | $134,214 | $1,753,561 | $669,578 | $1,083,983 |
| December 31, 2022 | 990-PF | $312,230 | $43,755 | $268,475 | $1,679,932 | $730,163 | $949,769 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $35,500
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $29,319
Balance sheet and other
- Total assets, start of year
- $1,756,261
- Total assets, end of year
- $1,692,975
- Total liabilities, end of year
- $533,063
- Net assets, end of year
- $1,159,912
- Fair market value of assets
- $1,692,975
- Qualifying distributions
- $29,319
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY N SOLOMON 2121 AIRLINE DR STE 400, METAIRIE, LA 70001 | PRESIDENT | 0 | $0 |
| GARY N SOLOMON JR 2121 AIRLINE DR STE 400, METAIRIE, LA 70001 | TREASURER/SE | 0 | $0 |
| JAMES ALFORD JR 126 N BROADWAY, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JAMEY HEWITT 1014 CLEAR CREEK LANE, SUMMIT, MS 39666 | DIRECTOR | 0 | $0 |
| JENNIFER WALLACE 350 RAWLS DRIVE, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY N SOLOMON 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | PRESIDENT | 0 | $0 |
| GARY N SOLOMON JR 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | TREASURER/SE | 0 | $0 |
| JAMES ALFORD JR 126 N BROADWAY, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JAMEY HEWITT 1014 CLEAR CREEK LANE, SUMMIT, MS 39666 | DIRECTOR | 0 | $0 |
| JASON VAN 334 25TH STREET, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JENNIFER WALLACE 350 RAWLS DRIVE, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY N SOLOMON 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | PRESIDENT | 0 | $0 |
| GARY N SOLOMON JR 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | TREASURER/SE | 0 | $0 |
| JAMES ALFORD JR 126 N BROADWAY, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JAMEY HEWITT 1014 CLEAR CREEK LANE, SUMMIT, MS 39666 | DIRECTOR | 0 | $0 |
| JASON VAN 334 25TH STREET, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JENNIFER WALLACE 350 RAWLS DRIVE, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY N SOLOMON 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | PRESIDENT | 2 | $0 |
| GARY N SOLOMON JR 1100 POYDRAS STREET SUITE 100, NEW ORLEANS, LA 70163 | TREASURER/SE | 0 | $0 |
| JAMES ALFORD JR 126 N BROADWAY, MCCOMB, MS 39648 | DIRECTOR | 2 | $0 |
| JAMEY HEWITT 1014 CLEAR CREEK LANE, SUMMIT, MS 39666 | DIRECTOR | 0 | $0 |
| JASON VAN 334 25TH STREET, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
| JENNIFER WALLACE 350 RAWLS DRIVE, MCCOMB, MS 39648 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11270, NEW ORLEANS, LA 70181-1270
- In care of
- % GARY N SOLOMON
- Signed the 990-PF
- GARY N SOLOMON, PRESIDENT
- Phone
- (504) 293-7398
- Website
- WWW.PALACEMCCOMB.COM
- Return prepared by
- CAPFINANCIAL PARTNERS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-4733344
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,692,975
- Income (IRS master file)
- $35,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $35,500 | $29,319 | $1,692,975 | IRS |
| 990-PF | December 2024 | $116,546 | $46,798 | $1,756,261 | XML |
| 990-PF | December 2023 | $184,900 | $50,686 | $1,753,561 | XML |
| 990-PF | December 2022 | $312,230 | $43,755 | $1,679,932 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-4733344).
Questions about PALACE THEATRE FOUNDATION
- What is the EIN of PALACE THEATRE FOUNDATION?
- The employer identification number (EIN) of PALACE THEATRE FOUNDATION is 84-4733344.
- Is PALACE THEATRE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to PALACE THEATRE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PALACE THEATRE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PALACE THEATRE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALACE THEATRE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PALACE THEATRE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PALACE THEATRE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $35,500, expenses of $29,319 and total assets of $1,692,975 at year end.
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