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l efile GRAPHIC pint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

Form990 Return o f Organization Exempt F r om Income Tax OMB No 1545-0047Under section 501(c), 527, or4947(a)(1) o f the I n t e r n a l Revenue Code ( except black l u n g

benefit trust or private fou n d at ion ) 2007D e p a r t m e n t o f th e T r e a s u r y Open to PublicI n t e r n a l Revenue S e r v i c e -The o r g a n i z a t i o n may have to use a copy of this r et ur n to s at is fy s t at e r e po rt i ng requirementsA Fo r the 2007 calendar year, o r tax year beginning 07-01-2007 and ending 06-30-2008B Check i f a p p l i c a b l e1ddress chang eFName chang e1n i t i a l r e t u r nF_ F i n a l r e t u r n( - Amended r e t u r n

Ple a seuse IR S

C Name o f organizationTHE PALACE THEATER GROUP IN C

D Employer identification number02-0620399label o r

print o r Number and s t r e e t ( o r P 0 bo x i f mail i s n o t del ive r ed t o s t r e e t address ) Room/ s u i t e E Telephone numbertype . See 10 0 EAST MAIN STREETSpecific (203 ) 755-8483In s t r uc - C i t y or town, s t a t e or country, and ZIP + 4 I F Accounting met hod ( - Cash Fc c r u a lt ion s . WATERBURY, CT 06702 ( - Other ( s p e c i f y ) 0 -

F_ A p p l i c a t i o n pending* S ec t i on 5 01 ( c) ( 3) o r g a n iz a t i o ns and 4947(a)(1) nonexempt charitable

trusts must at t ach a completed Schedule A (Form 990 o r 990-EZ).

G Website :1 - WWWPALACETHEATERCTORGI O r g a n i z a t i o n type (check only o n e ) 1 - F9!+ 501(c) (3 ) - 4 ( i n s e r t no ) (- 4947(a)(1) o r F_ 527K Check here 1 - 1f t h e o r ga n iz a ti o n i s no t a 509(a)(3) supporting organization and i t s gross r e c e i p t s ar e

normally n o t mor e than 25,000 A r e t u r n is no t r e q u i r e d , but i f t h e o r ga n iz a ti o n choos es t o f i l e a r e t u r n ,be sure t o f i l e a complete r e t u r n

L Gross rec e ipts Add lines 6b, 8b, 9b, and 10b to l i n e 12 - 7,064,278

H a n d I ar e no t applicable to section 52 7 organizationsH(a) I s t h i s a group r e t u r n f o r a f f i l i a t e s ? F_ Ye s FoH(b) I f "Yes" enter number o f a f f i l i a t e s 0 -H(c) Ar e a l l a f f i l i a t e s included? Fes Fo

( I f " No , " a tt ac h a l i s t Se e i n s t r u c t i o n s )H(d) I s t h i s a separate r e t u r n f i l e d by an organization

covered by a g r o up r u l i n g ? ( - Ye s FoI Group Exemption Number 0 -M Check - 1f t h e o r ga n iz a ti o n is n o t r e q u i r e d t o

attach Sch B (F orm 990, 990-EZ, o r 990-PF)KCVCIIuC Cx C115C5 d11U %.lldll C9 11 1 mctN55Ci5 (I F ruiiu DdId11GC5 JCCL//C 1//5LrUGL1J//5.

1a

Contributions, g i f t s , grants, an d similar amounts receivedContributions t o d o no r a d vi s e d funds la

b Di r e ct public support (n ot i n c l ud ed on l i n e 1 a ) . lb 680,594c Indirect public support (not included on l i n e 1a ) . 1cd Government c on t r ibu t io n s ( g ra n ts ) (n ot i n c l ud ed o n l i n e 1a ) ld 593,726e T o t a l ( a d d lines la through 1d) (cash $ 1,274,320 noncash $ ) le 1,274,320

2 Program s e r v i c e revenue i nc luding government f e e s and contracts ( fr om Pa rt V I I , l i n e 93) 2 4,993,7943 Membership dues an d assessments 34 I n t e r e s t on savings and temporary cash investments 4 93,8275 D iv i de n ds a n d interest from securities 5

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Form 990 (2007) Page 2Statement of Al l organizations must complete column (A ) Columns (B), (C), and (D) are required for sectionFunctional Expenses 501(c)(3) and (4 ) organizations and section 4947(a)(1) nonexempt charitable trusts but optional

f o r others (See the instructions.)Do not include amounts reported on line

6b , 8b , 9b , 1Ob, or 16 of Part I . (A ) Total(B ) Program

s e r v i c e s(C ) Management

and general (D ) Fundraising

22a Grants paid from donor advised funds (attach Schedule)(cash $ noncash $I f t h i s amount i n cl u de s f o r ei g n g r an t s, check here F 22a

22b Other grants and allocations (attach schedule)(cash $ noncash $I f t h i s amount i n cl u de s f o r ei g n g r a n t s , check here - fl 22b

23 S p e c i f i c assistance t o i n d i v i d u a l s (attach schedule) 2324 B e ne f it s p a id t o o r f o r members (attach schedule) 2425a Compensation of current officers, directors, key employees

etc Listed in Part V-A (attach schedule) 25a 194, 499 48, 042 98, 416 48, 041b Compensation o f former o f f i c e r s , directors, key employees

etc l i s t e d i n Part V-B (attach schedule) 25bc Compensation and other distributions not icluded above to

disqualified persons (as defined under section 4958(f)(1)) andpersons described in section 4958(c)(3)(B) (attach schedule) 25c

26 Salaries and wages of employees not includedon lines 25a, b and c 26 558, 744 413, 607 58, 596 86,541

27 Pension plan contributions not included onlines 25a, b and c 27

28 Employee benefits not included on lines25a - 27 28 79,422 48, 889 16, 441 14, 092

29 Payroll taxes 29 77,312 47,160 16, 236 13, 91630 Professional fundraising fees 3031 Accounting fees 31 17, 400 17, 40032 Legal fees 32 10,547 10, 54733 Supplies 33 39,122 25,382 13,74034 Telephone . . . . . . . . . . 34 13,849 8, 448 2, 908 2, 49335 Postage and shipping 35 24,330 19, 031 2, 853 2, 44636 Occupancy 36 715, 096 715, 09637 Equipment rental and maintenance 37 25,322 25, 32238 Printing and publications 3839 Travel 39 10, 952 10, 95240 Conferences, conventions, and meetings 40 452 452

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Form 990 (2007) Page 3f iii Statement of Program Service Accomplishments (See the instructions.)Form 990 i s available f o r public i nsp ecti on and, f o r some people, serves as the primary o r sole source o f information about a particularorganization How the pub l ic p er ce iv es a n organization i n s uc h c a se s may be determined by the information presented on i t s returnTherefore, please make sure the return i s complete a nd a ccura te a nd f u l l y describes, i n Part I I I , the organization's programs a ndaccom plishmentsWhat i s the organization's primary exempt purpose? 0- To generate a positive artistic, cultural, educational,

social and financial impact i n the Greater Waterburyarea by operating and maintaining the PalaceTheater

A ll organizations must describe their exempt purpose achievements in a clear and concise manner S ta t e t he number of clients served,p u bl i ca t io ns i ss ue d, e tc Discuss achievements that a re not measurable (Section 501(c)(3) and (4 ) organizations and 4947(a)(1) nonexemptcharitable trusts must also enter the amount of grants and allocations to others )

Program ServiceExpenses

(Required for 501(c)(3) and(4 ) orgs , and 4947(a)(1)

trusts, b u t o p ti on a l forothers

a PRODUCTION OF VARIOUS PLAYS AND SHOWS TO PROMOTE INTEREST In THE THEATRE ARTSLOCATED IN THE GREATER WATERBURY AREA

(Grants and allocations $ ) I f this amount includes foreign grants, check here F- 6,101,999b

(Grants and allocations $ ) I f t h i s amount includes foreign grants, check here F-c

(Grants and allocations $ ) I f t h i s amount includes foreign grants, check here F-d

(Grants and allocations $ ) I f t h i s amount includes foreign grants, check here - F-e Other p r o g ra m services (attach schedule)

(Grants and allocations $ ) I f t h i s amount includes foreign grants, check here F-f Total of Program Service Expenses ( sh ou l d e qu a l l i n e 44, column (B), Program services) 6,101,999

Form 990 (2007)

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Form 990 (2007) Page 4

Balance Sheets (See th e instructions.)Note : Where required, attached schedules and amounts within the description (A ) (B )

column s ho ul d b e f o r end-of-year amounts o n l y . Beginning o f year En d o f year45 Cash-non-interest-bearing 6 ,541 45 7,27546 Savings and temporary cash investments 2 ,0 5 5 , 12 2 46 1,948,873

47a Accounts receivable 47a 109,202b Less allowance for doubtful accounts 47b 67 ,36 6 47c 109,202

48a Pledges receivable . . . . . 48a 5 74 , 75 7b Less allowance for doubtful accounts 48b 5 3 ,000 794,501 48c 5 21 , 75 7

49 Grants receivable 495 0a Receivables from current a nd f or mer o f f i c e r s , directors, trustees, and

ke y employees (attach schedule) 5 0ab Receivables f r om other disqualified persons ( a s defined under section

4958(c)(3)(B) (attach schedule) 50b5 1 a Other notes and loans receivable (attachschedule) . . . . . . 5 1 a

a ' b Less a ll ow ance f o r doubtful accounts 51b 5 1 c52 Inventories for sale or use 9,869 52 10,27753 Prepaid expenses and deferred charges 108,741 53 99, 4 4 554a Investments-publicly-traded securities 0 - Cost FFMV 1 60 ,396 54a 230,167

b Investments-other securities (attach schedule) - f l Cost FFMV 344,786 54b 99 533,5865 5 a Investments-land, buildings, and

equipment basis . . . . . 55ab Less accumulated depreciation (attach

schedule) . . . . . . . 55b 5 5 c5 6 Investments-other (attach schedule) 5 657a Land, buildings, and equipment basis 57a 8 4 9 , 4 4 9

b Less accumulated depreciation (attachschedule) . . . . . . . 57b 1 5 5 ,882 682,749 57c 19 6 93 , 5 6 7

58 Other assets, including program-related investments(describe 0 -

58

59 Total assets (must equal l i n e 74) Add lines 45 through 58 . 4,230,071 59 4 , 1 5 4 , 1 4 9

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Form 990 (2007) Page 5Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (Seethe instructions. )

a Total revenue, gains, and other support per a udited financial statements a 2,446,476b Amounts included on l i n e a bu t not on Part I , l i n e 121 Net unrealized gains on investments bl -77,1482 Donated services and use of facilities b2 259,7503 Recoveries of p rio r year grants b34 Other (specify)

b4Add lines blthrough b4 . . . . . . . . . . . . . . . . . . . . b 182,602

c Subtract l i n e bfrom l i n e a . c 2,263,874d Amounts included on Part I , l i n e 12, bu t not on l i n e a

1 Investment expenses not included on Part I , l i n e6b . dl

2 Other (specify)d2 4,524,800

Add lines dl and d2 . . . . . . . . . . . . . . . . . . . . . d 182,602e Total revenue (Part I , l i n e 12) Add lines c and 6,788,674

d . eReconciliation of Expenses p er Audited Financial Statements With Expenses p er Return

a Total expenses and losses per a udited financial statements a 2,526,536b Amounts included on l i n e a bu t not on Part I , l i n e 171 Donated services and use of facilities bl 259,7502 P rior year adjustments r e po r te d o n Part I , l i n e

20 b23 Losses reported on Part I , l i n e

20 b34 Other (specify)

b4Add lines blthrough b4 . . . . . . . . . . . . . . . . . . . . b 259,750

c Subtract l i n e bfrom l i n e a . c 2,266,786d Amounts included on Part I , l i n e 17, bu t not on l i n e a :

1 Investment expenses not included on Part I , l i n e6b . dl

2 Other (specify) d2 4,524,800Add lines dl and d2 . . . . . . . . . . . . . . . . . . . . . d 4,524,800

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Form 990 (2007) Page 6Current Officers , Directors , Trustees , and Key Employees (continued) Yes No

75a Enter the t o t a l number o f o f f i c e r s , directors, an d trustees permitted t o vote on organization business a t boardmeetings . . . . . . . . . . . . . . . . . . . . . 0 - 20

b Are any officers, directors, trustees, or key employees listed i n Form 990, Part V -A , or highest compensatedemployees l i s t e d i n Schedule A, Part I , o r highest compensated professional an d other independentcontractors l i s t e d i n Schedule A, Part II-A o r II-B, related t o each other through family o r businessrelationships? I f "Yes," attach a statement that i d e n t i f i e s the individuals an d explains the relationship(s) . 75 b No

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V -A , or highest compensatedemployees l i s t e d i n Schedule A, Part I , o r highest compensated professional an d other independentcontractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whethertax exempt o r taxable, that are related t o the organization? Se e the instructions f o r the d e f i n i t i o n o f "related 75c Noorganization"I f "Yes," attach a statement that includes the information described i n th e instructions

d Does the organization have a written c o n f l i c t o f interest policy? 75d YesFormer Officers , Directors , Trustees, and Key Employees That Received Compensation or OtherBenefits ( I f an y f orm er o f f i c e r , director, trustee, or ke y employee received compensation or other benefits(described below) during th e year, l i s t that person below an d enter th e amount of compensation or otherbenefits i n th e appropriate column. See th e Instructions.)

(A) Name and address (B ) Loans an d Advances (C ) Compensation( I f not p a i d enter - 0 -(D) Contributions t o

employee b e n e f i t plansan d deferred compensation

plans( E ) Expense account and

other allowances

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Form 990 (2007) Page 7Other Information (continued) Ye s No

82a D id th e organization receive donated services o r the use o f materials, equipment, o r f a c i l i t i e s a t no charge o ra t substantially less than f a i r r e n t a l value? 82a Yes

b I f " Y e s , " y ou may i n d i c a t e the value o f these items here Do not i n c l u d e t h i s amount as revenuei n P a r t I or as an expense i n P a r t I I (See i n s t r u c t i o n s i n P a r t I I I ) 82b 259,750

83a Did th e organization comply w ith t he p ub l ic inspection requirements for returns and exemption applications? 83a Yesb D id th e organization comply with the disclosure requirements r e l a t i n g t o quid pro qu o contributions? 83 b Yes

84 a Did the organization s o l i c i t any contributions o r g i f t s that were not tax deductible? . 84 a Nob I f "Yes," d i d the organization include with every solicitation an express statement that such contributions o r

g i f t s were not tax deductible? 84 b85 501(c)(4), ( 5 ) , or(6) organizations, a Were substantially a ll dues nondeductible by members ? . . . . . . 85a

b D id th e organization make only in-house lobbying expenditures o f $2,000 o r less? . 85 bI f "Yes," was answered t o either 85a o r 85b, do not complete 85c through 85h below unless the organizationreceived a waiver f o r proxy tax owed the p r i o r year

c Dues assessments, and similar amounts from members . . . . . . 85 cd Section 162(e) lobbying and political expenditures 85de Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85ef Taxable amount o f lobbying and p o l i t i c a l expenditures ( l i n e 85d less 85e) . 85 fg Does th e organization elect to pay th e section 6033(e) tax on th e amount on l i n e 85f7 . 85gh I f section 6033(e)(1)(A) dues notices were sent, does th e organization agree to add th e amount on l i n e 85fto i t s

reasonable estimate o f dues allocable t o nondeductible lobbying and p o l i t i c a l expenditures f o r the following taxyear? 85h

86 501(c)(7) orgs. Enter a Initiation fees and capital contri b utions included on l i n e 12 86ab Gross receipts, included on l i n e 12, f o r public use o f club f a c i l i t i e s . . . . 86 b

87 501(c)(12) orgs. Enter a Gross income from members or shareholders . . . 87ab G r oss i nc om e f r om oth er sour ces (D o not net amounts due o r paid t o other

sources against amounts due o r received from them ) . . . . . . 87 b88a At any time during th e y ear , did th e organization own a 50% or greater interest in a taxable corporation or

partnership, or an entity disregarded as separate from th e organization under Regulations sections 301 7701-2and 301 7701-3'' I f "Yes," complete Par t I X 88a N o

b A t any time during the year, d i d the organization directly o r indirectly ow n a controlled entity within the meaningof section 512(b)(13)'' I f yes complete Part XI

88b N o89a 501(c)(3) organizations Enter Amount of tax imposed on th e organization during th e year under

s e c t i o n 4911 0 - 0 , s e c t i o n 4912 0 - 0 , s e c t i o n 4955 0 - 0

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Form 990 (2007) Page 8Other Information (continued) Ye s No

c At any time during the calendar year, d i d the organization maintain an o f f i c e outside o f the United States? 91 c NoI f "Yes," enter the name o f the foreign country 0 -

92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 i n l i e u of Form 1041-Check here . Fand enter th e amount of tax-exempt interest received or accrued during th e tax year . 92

Anal y sis of Income - Producing Activities (See th e instructions,Note : Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by s e c t i o n 512, 513, or 5 14 ( E )

Related o rBusiness (B) Exclusion (0) exempt f u n c t i o ncode Amount code Amount income

93 Program service revenuea PROGRAM EVENTS REVENUE 4,993,794bcdef Medicare/Medicaid paymentsg Fees and contracts from government agencies

94 Membership dues and assessments . .95 I n t e r e s t on savings and temporary cash investments 14 93,82796 Dividends and interest from securities . .97 Net r e n t a l income o r (loss) from r e a l estate

a debt-financed propertyb non debt-financed property 3 0 202,553

98 Net r e n t a l income or ( l o s s ) from personal property99 Other investment income100 Gain or ( l o s s ) from s a l es o f assets other than inventory101 Net income or (loss) from special events102 Gross profit or (loss) from sales of inventory 03 231,124103 Other revenue a PLAYBILL ADVERTISING

NET 541800 -10,855

b MISCELLANEOUS INCOME 01 3,911Cde

104 Subtotal (add columns (B), (D), and (E)) -10, 85 5 5 3 1, 415 4, 993 ,794

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Form 990 (2007) Page 9Linformation Regarding Transfers To and From Controlled Entities Complete only i f th e organization i sa controlling organization as defined i n section 512(b)(13)

Yes No106 Did the reporting organization make any transfers to a controlled entity as defined i n section 512(b)(13) of

th e Code? i f "Yes," complete th e schedule below for each controlled entity

(A)Name and address of each

controlled entity(B )

Employer IdentificationNumber

(C)Description of

transfer

[D )Amount of transfer

ab

Totals

Yes No107 Did the reporting organization receive any transfers from a controlled entity as defined i n section 512(b)(13) of

th e Code? i f "Yes," complete th e schedule below for each controlled entity

(A)Name and address of each

controlled entity(B )

Employer IdentificationNumber

(C)Description of

transfer

[D )Amount of transfer

abc

Totals

108 Did th e organization have a binding written contract i n effect on August 17 , 2006 covering the interests, rents,royalties and annuities described i n question 107 above?

Yes No

Under p en a lt i es o f p er ju ry , I declare t h a t I have examined t h i s r e t u r n , i n c l u d i n g accompanying schedules and statements, and to the best o f my knowledgeand b e l i e f , i t i s t r ue , c o r re c t , and complete Declaration o f preparer (other than o f f i c e r ) i s b as ed on a l l information o f which preparer has any knowledge

PleaseSign S i g n a t u r e o f o f f i c e rHere don p or te r D Ir ec t o r o f Finance

Type or p r i n t name and t i t l e

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078SCHEDULE A Organization Exempt Under Section 5 0 1 ( c ) ( 3 ) OMB No 1545-0047( Fo r m 9 90 o r ( Except Private Foundation ) and Section 501(e), 501(f), 501(k),501(n ), o r 4947( a)(1) Nonexempt Charit able Trust 20090EZ) Supplementary Information-(See separ a t e instructions.)D e p a r t m e n t o f t h e T r e a s u r y 0, MUST be completed by the above organizations and attached t o their Form 990 o r 990-EZI n t e r n a l Revenue S e r v i c eName of the o r g a n i z a t i o nTHE PALACE THEATER GROUP IN C

Employ er identification number02-0620399

Compensation of t he Fi v e Highest Paid Employees Other Than O f f i c e rs, D i r e c t o rs, and Trustees(S e e Dane 1 of the instructions. L i s t e a c h o ne. I f t he re a re n o n e . e n te r " No n e. ")

( d ) C o nt r ib u ti o ns t o e m p l o y e e ( e) E x pe ns e(a ) Name a nd a dd re ss o f e a c h employee ( b ) T i t l e a nd a ve ra g e hours ( c ) Compensation b e n e f i t p l a n s & d e f e r r e d a c c ount and otherpaid more than $ 50,000 pe r week devoted to positi o n c o m p e n s a t i o n allowancesn at al ie l a w lo r100 EAST MAIN STREET d e v e l officer37 50 59,390 0 0WATERBURY,CT 06702david flowers100 EAST MAIN STREET tech d i r e c t o r37 50 57,359 0 414WATERBURY,CT 06702v a n e s s a l o g a n100 east main stre e t dir of edcomm37 50 51,273 0 307waterbury , CT 06702

Total number o f other e mp l o y e e s paid ov er$50,000 1 1 1 . 1 0niiCF_M Compensation o f t he Fi v e Highest Paid Independent Contractors f or Professional Services

(S e e page 2 of the instructions. L i s t e a c h o n e (whether individual or firms). I f t he re a re n o n e, e nte r"None." )(a ) Name and address of each independent contractor paid more than $50,000 (b) Type of s e r v i c e (c ) CompensationNone

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Schedule A (Form 990 or 990-EZ) 2007 Page 2

Statements About Activities (See page 2 of th e instructions . ) Yes No1 During t he y ea r, has the organization attempted t o influence n a ti on a l, s ta te , o r l o ca l l e gi s l a ti o n, include a n y a tt em pt

t o influence public o pi ni on o n a legislative matter o r referendum? I f " Ye s, " e nt er the t o t a l expenses paid o r incurred i nconnection w it h t he l o b b y i n g activities 1 1 1 1 $ (Must equa l amounts on l i n e 38 , P art VI-A, or l i n eiofPartVl-B) 1 NoOrganizations that made an election under section 501(h) b y f i l i n g Form 5768 must complete Part VI-A Otherorg a nizatio ns checking "Yes" must complete Part VI-B AND att ach a statement giving a detailed description of th elobbying activities

2 During t he y ea r, has t he o rg a ni za t io n , e it he r directly o r i n di re c tl y , engaged i n a n y o f the following acts with a n ysubstantial contributors, trustees, directors, o f f i c e r s , creators, ke y employees, o r members o f t h e i r families, o r witha n y taxable organization with w hic h a n y such person i s a f f i l i a t e d as a n o f f i c e r , director, trustee, majority owner, o rprincipal beneficiary? ( I f the a nswer t o a n y question is "Yes,"attach a detailed statement explaining the transactions.)

a Sale, exchange, or leasing property? 2a Nob Lending o f money o r other extension o f credit? 2 b Noc Furnishing o f goods, services, o r f a c i l i t i e s ? 2c Nod Payment of compensation (or payment or reimbursement of expenses i f more than $1,000)7 J 2d Yese Transfer of any part of it s income or assets? 2e No

3a D id th e organization make grants f o r scholarships, fellowships, student loans, etc ' ' ( I f "Yes," a tta ch a n explanationof how th e org a nizatio n determines t h a t r e ci pi e n ts qualify to receive payments 3a No

b Di d th e org a nizatio n have a section 403(b) a n n u i t y p l an fo r it s employees? 3b Yesc D id th e orga n ization receive o r hold a n easement f o r conservation purposes, including easements t o preserve open

space, the environment , h i s t o r i c land areas o r structures? I f "Yes" attach a detailed statement 3c Nod Di d the organization provide credit cou nsel in g, deb t management, credit r e p a i r , o r debt negotiation services? 3d No

4a D id th e organization maintain a n y donor advised funds? If"Yes," complete l i n e s 4b through 4g If"No," complete l i n e s4f and 4g 4a No

b Di d the organization make a n y taxable distributions under section 49667 4bc Di d the organization make a distribution t o a donor, donor advisor, o r related person? 4cd Enter the t o t a l number o f donor advised funds owned a t the en d o f the ta x year

e Enter the aggregate value o f assets held i n a l l donor advised funds owned a t the en d o f the ta x year

f Enter the t o t a l number o f separate funds o r accounts owned a t the en d o f the ta x year (excluding donoradvised f u nd s i nc lu de d on l i n e 4d) where donors have the r i g h t t o provide advice on the distribution o r 1 1 1 1 . 0investment o f amounts i n such funds o r accounts

g Enter the aggregate value o f assets held i n a l l funds o r accounts i nc lu de d o n l i n e 4f a t the en d o f the ta xyear 1 1 1 1 . 0Schedule A Form 990 or 990-EZ 2007

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Schedule A (Form 990 o r 990-EZ) 2007 Page 3Reason for Non-Private Foundation Status (See pages 4 through 7 of th e instructions.)

I c e r t i f y that the organization i s not a private foundation because i t i s (Please check only ONE applicable box5 1 A church, convention o f churches, o r association o f churches Section 170(b)(1)(A)(i)6 1 A school Section 1 7 0( b) (1 ) (A )( ii ) ( A ls o complete Part V )7 1 A hospital or a cooperative hospital s er v i ce orga n iz a ti o n Section 170(b)(1)(A)(iii)8 1 A federal, state, or local government or governmental unit Section 170(b)(1)(A)(v)9 1 A medical research organization operated i n conjunction with a hospital Section 170 (b)(1)(A)(iii) Enter the hospital's name, city,

and state 1 1 1 1 1 1

10 1 A n organization operated for t he benef it of a college or university owned or operated by a governmental unitSection 170(b)(1)(A)(iv) (Also complete the Support Schedule i n Part IV-A)

11a 1 An organization that normally receives a substantial part of i t s support from a governmental un it o r from the general publicSection 170(b)(1)(A)(vi) (Also complete the Support Schedule i n Part IV-A)

11b 1 A community trust Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A)12 F A n organization that normally receives (1 ) more than 331/3% of i ts support from contributions, membership fees, and gross

receipts from activities related to it s charitable, etc , functions-subject to certain exceptions, and (2) no more than 331/3% ofi t s support from gross investment income and unrelated business taxable income (less section 511 tax) from businessesacquired by th e organization after June 30 , 1975 See section 509(a)(2) (Also complete th e Support Schedule in Part IV-A

13 fl An organization that i s not controlled by any disqualified persons (other than foundation managers) and otherwise meets therequirements of section 509(a)(3) Check th e box that describes the type of supporting organizationfl Type I fl Type I I fl Type II I - Functionally Integrated fl Type II I - Other

Provide th e following information about the s up p o rted organizations. (see page 7 of th e instructions.)

( a)Name ( s) of supported organization ( s)

(b)Employer

identificationnumber

(c)Type of

organization( described i n

lines 5 through12 above or

(d)Is the supported

organization listed i n thesupporting organization'sgoverning documents?

(e)Amount ofsupport?

IRC section) Yes No

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Schedule A (Form 990 o r 990-EZ) 2007 Page 4Support Schedule (Complete only i f y ou checked a bo x on l i n e 10, 11, o r 12 ) Use cash method ofaccounting.

Note : You may us e the worksheet i n the instructions f o r converting from the accrual t o the cash method o f accounting.Calendar year ( or fiscal year beginning i n ) o k . (a) 2006 ( b) 2005 (c) 2004 (d) 2003 ( e) Total15 Gifts, grants , and contributions received (Do n ot 1,897,863 2,632,422 947,756 915,000 6,393,041include unusual grants Se e l i n e 2816 Membership fees received 017 Gross receipts from admissions , merchandise

sold or services performed , or furnishing of 3,989,029 922,555 846,471 5,758,055f a c i l i t i e s i n an y activity that i s related t o theorganization s charitable, etc , purpose

18 Gross income from interest , dividends, amountsrecei v ed from payments on securities loans(section 512 ( a)(5)), rents, royalties , and 65,496 13,804 4,617 83,917unrelated business taxable income ( less section511 taxes ) from businesses acquired by theorganization after June 3 0 , 1975

19 Net income from unrelated business activities 0not included i n l i n e 1820 Tax revenues levied f o r the organization s benefit

an d either paid t o i t o r expended on i t s 0behalf2 1 The value o f services o r f a c i l i t i e s furnished t othe organization by a governmental u n i t withoutcharge Do n ot include the value of services or 73,750 28,327 102,077f a c i l i t i e s generally furnished t o the public withoutcharge

22 Other income Attach a schedule Do n ot include 18 69 4 3 48 4 22 17 8gain o r ( loss) from sale o f capital assets , , ,23 Total o f li n es 15 through 22 6,044,832 3,572,265 1,827,171 915,000 12,359,26824 Line 23 minus l i n e 17 2,055,803 2,649,710 980,700 915,000 6,601,21325 Enter 1 % of l i n e 23 60,448 35,723 18,272 9,15026 Organizations described on lines 10 or 11 : a Enter 2% of amount i n column ( e ), l i n e 24 26a

b Prepare a l i s t f o r your records t o show the name o f an d amount contributed by each person (otherthan a governmental u n i t o r publicly supported organization ) whose t o t a l g if ts f or 2002 through2005 exceeded the amount shown i n l i n e 26a Do not f i l e this l i s t with your return. Enter the t o t a lo f a l l these excess amounts I l k ' 26 b 0

c Total support for section 509(a ) ( 1) test Enter l i n e 24 , column ( e) ^ 26cd Add Amounts from column ( e ) f o r l i n e s 18 19

22 26b ' 26de Public support ( l i n e 26c minus l i n e 26d total) 26ef Public support percentage ( l i n e 26 e ( n umerat or ) divided by l i n e 26 c (denominator)) 26 f

27 Organ iz ati on s described on l i n e 12 : a For amounts included i n l i n e s 15, 16, an d 17 that were received from a "disqualified person,"prepare a l i s t f o r your records t o show the name o f , an d t o t a l amounts received i n each year from, each "disqualified person

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Schedule A (Form 990 o r 990-EZ) 2007 Page 5Private School Questionnaire (See page 7 of the instructions.)( To be comp leted ONLY b y schools that checked th e box on line 6 i n Part IV )

29 Does the organization have a racially nondiscriminatory policy toward students by statement i n i t s charter, bylaws, Yes Noother governing instrument, or i n a resolution of i t s governing body? 29

30 Does the organization include a statement o f i t s r a c i a l l y nondiscriminatory policy toward students i n a l l i t sbrochures, catalogues, and other written communications with the public dealing with student admissions,programs, and scholarships? 30

31 Has the organization publicized i t s racially nondiscriminatory policy through newspaper or broadcast media duringthe period o f solicitation f o r students, o r during the registration period i f i t has no solicitation program, i n a wa ythat makes the policy known t o a l l parts o f the general community i t serves? 31I f "Yes," please describe, i f "No," please explain ( I f y ou n eed more space, attach a separate statement

32 Does the organization maintain the followinga Records indicating the r a c i a l composition o f the student body, f a c u l t y , an d administrative s t a f f ? 32 ab Records documenting that scholarships and other financial assistance are awarded on r a c i a l l y nondiscriminatorybasis? 32 bc Copies o f a l l catalogues, brochures, announcements, an d other written communications t o the public dealing

with student admissions, programs, and scholarships? 32 cd Copies o f a l l material used by the organization o r on i t s behalf t o s ol i c it contributions? 32 d

I f you answered "No" t o an y o f the above, please explain ( I f y ou n eed more space, attach a separate statement

33 Does the organization discriminate by race i n any way with respect to

a Students' r ig ht s o r privileges? 33a

b Admissions policies? 133b

c Employment o f faculty o r administrative s t a f f ? 133c

d Scholarships o r other f i n a n c i a l assistance? 133d

e Educational policies? 133e

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Schedule A (Form 990 o r 990-EZ) 2007 Page 6Lobbying Expenditures by Electing Public Charities (See page 9 of th e instructions.)(T o be completed ONLY by an e l i g i b l e organization that f i l e d Form 5768)

Check ^ a 1 i f t h e o r g a n i z a t i o n belongs t o a n a f f i l i a t e d group Check ^ b 1 i f you checked " a " and " l i m i t e d c o n t r o l " p ro vi s i o n s a p pl yLimits on Lobbying Expenditures ( a ) ( b )Togroup o be completed

(The term "expenditures" means amounts paid o r incurred t o t a l s f o r a l l electingorganizations36 Total lobbying expenditures to influence public opinion ( grassroots lobbying) 3637 Total lobbying expenditures t o influence a legislative body ( direct lobbying) 3738 Total lobbying expenditures ( add lines 36 and 37) 3839 Other exempt purpose expenditures 3940 Total exempt purpose expenditures ( add lines 38 and 39) 4041 Lobbying nontaxable amount Enter the amount from the following table-

I f the amount on l i n e 40 is - The lobbying nontaxable amount is -Not over $500,000 20% o f the amount on l i n e 40O ver $500,000 but n ot ov er $1,000,000 $100,000 p l u s 15% of the excess over $500,000Over $1,000,000 but n ot ov er $1,500,000 $ 175,000 p l u s 10% of the excess over $1,000,000 41Over $1,500,000 but n ot o ve r $ 17 ,00 0, 000 $ 22 5, 00 0 p l u s 5% o f the excess over $1,500,000Over $17,000,000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of l i n e 41) 4243 Subtract l i n e 42 from l i n e 36 Enter -0 - i f l i n e 42 i s more than l i n e 36 4344 Subtract l i n e 41 from l i n e 38 Enter -0 - i f l i n e 41 i s more than l i n e 38 44

Caution : If there i s an amount on either line 43 or line 44, you must f i l e Form 4720.4-Year Averaging Period Under Section 501(h)

(Some organizations that made a section 501(h) election do not have t o complete a l l o f the f i v e columns belowSe e the instructions f o r l i n e s 45 through 50 on page 11 o f the instructions )

Lobbying Expenditures During 4-Year Averaging Period

Calendaryear ( orfiscal year beginning i n ) ^

(a)2007

(b )2006

(c)2005

(d)2004

(e)Total

45 Lobbying nontaxable amount

46 Lobbying ceiling amount (150% of l i n e 45(e))

47 Total lobbying expenditures

48 Grassroots nontaxable amount

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Schedule A (Form 990 or 990-EZ) 2007 Page 7Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations (See page 12 of the instructions.)

51 Di d t h e r ep or t i n g organizat io n d ir ec t ly o r i n di r ec t ly engage i n any of t h e f ol lo wi n g wi t h any o t h e r o r gan iza t i o n described i n section501(c) of the Code (other than s e c t i o n 50 1(c)(3) o r ga n iza t i o n s ) or i n s e c t i o n 527, relating t o p ol i ti c al organizations?

a Transfers from t h e r ep or t i n g organizat io n to a noncharitable exempt organizat io n of Yes No( i ) Cash( i i ) Other assets

b Other transactions

51a(i) Noa(ii) No

( i ) Sales o r exchanges o f assets with a noncharitable exempt organization b ( i ) No( i i ) Purc hase s o f assets from a noncharitable exempt organization b ( i i ) No

( i i i ) Rental o f f a c i l i t i e s , equipment, o r other assets b ( i i i ) No(iv) Reimbursement arrangements b(iv) No(v ) Loans or loan guarantees b(v ) No( v i ) Performan ce o f services o r membership o r fundraising solicitations b(vi) No

c Sharing o f f a c i l i t i e s , equipment, mailing l i s t s , other a s set s , o r paid employees c Nod I f th e answer t o an y o f th e above i s "Yes," complete the following s ched ule Column ( b ) s h ou l d al way s show th e f a i r market value o f th e

goods, o t he r as s et s , o r s e rv i c es g iv en b y t he r ep or ti n g organization I f th e organization received less than f a i r market value n an ytransaction o r sharing arrangement, show i n c o l u m n ( d ) th e value o f th e goods, other a s set s , o r s e rv i c es r ec e iv ed

52 a I s th e organization directly o r indirectly a f f i l i a t e d w i t h, o r related t o, on e o r more tax-exempt organizationsdescribed i n s e c t i o n 501(c) of th e Code (other than s e c t i o n 501(c)(3)) or i n s e c t i o n 527' l k ^ f l Yes F No

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

4562 -FY OMB No 1545-Depreciation a nd AmortizationForm (Including I n f o r m a t i o n on Listed Property) 2007D e p a r t m e n t o f t h e T r e a s u r yI n t e r n a l Revenue S e r v i c e AttachmentSee separate i n s t r u c t i o n s . 1 1 1 1 1 Attach to your tax r e t u r n . Sequence No 67Name(s) shown on r e tur n Business o r a ct i vi ty to which this form r e l at e s Identifying numberTHE PALACE THEATER GROUP INC

F o r m 990 Page 2 02-0620399Election To Expense Certain Property Under Section 179Note ; I f y o u have a n y l i s t e d p ro p er t y , comp l e t e Part V be f o re you comp l e t e Part I .

1 Maximum amount See t he ins tru c tio ns fo r a h i g h e r limit fo r c e r t a i n businesses 1 125,0002 To ta l cost of s e c t i o n 179 p r o p e r ty placed i n s e r v i c e ( se e i n st r uc t i o ns ) 23 Threshold cost of s e c t i o n 179 p r o p e r ty b efo re r e d u c t i o n i n l i m i ta ti o n 3 500,0004 Reduction i n l i m i ta ti o n Subtract l i n e 3 from l i n e 2 I f z e r o o r l ess, e n t e r -0 - 45 D o lla r limitation f o r ta x ye a r S ubt r ac t l i n e 4 f ro m l i n e 1 I f zero o r l e s s , enter -0 - I f married f i l i n g

s e p a r a t e l y , see ins tru c tio ns 5

(a ) Description of p r o p e r ty6

(b) Cost ( bu si n e ss u se ( c ) E le c te d c o stonly)

7 Li st e d p r o p e r ty Enter t h e amount from l i n e 29 78 To t al e l ec t ed cost of s e c t i o n 179 p r o p e r ty Add amounts i n column ( c ) , lines 6 and 79 Te nt at iv e de duc t io n E nt er th e smaller o f l i n e 5 o r l i n e 810 Carryover of d i s a l l o w e d deduction from l i n e 13 of your 2006 Form 4562FY11 Business i n c o m e l i m i t a t i o n E nt er t he s ma l le r o f business i n c o m e (not l e s s than z e r o ) or l i n e 5 (see i n s t r u c t i o n s )12 Section 179 expense deduction Add lines 9 and 1 0, bu t do n o t e n t e r more than l i n e 1113 Car ry o v e r o f disallowed deduction t o 2008 Add l i n e s 9 a nd 10, less l i n e 1 2 13Note : Do not use Part II o r Part III below f o r listed pro perty . Instead use Part V .FNISTU Special Depreciation Allowance and Other De preciation ( Do not include l i s t e d pro14 S pe c i al d ep re c i at i o n a l l o w a nc e f o r q u a l i f i e d property (other than l i s t e d property) placed i n service during th e

ta x year (see instructions)15 Property subject to section 1 6 8( f )( 1 ) e l e c ti o n16 Other depreciation (i n cl ud i n a ACRS)

r t y ) (See ins tru c tio ns ;

58,089rT.TZWM MACRS Depreciation ( Do not include l i s t e d property.) (See Instructions.)

Section A

89101112

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Form 4562-FY ( 2007) Page 2Listed Property (Include automobiles, certain other vehicles, c e l l u l a r telephones, certain computers, andproperty used f o r entertainment, recreation, or amusement.)Note : Fo r any vehicle for which you ar e using the sta n da r d m il eag e rate or deducting lease expense,complete only 2 4a, 2 4b, columns ( a ) through ( c ) of Section A, a l l o f Section B , and Section C i f applicable.

Section A-Depreciation and Other Information ( Caution : See the instructions for l i m i t s for passencier automobiles.)24a Do y ou h av e evidence t o support the business / investment u se c l ai me d? rYesrNo 24b I f "Yes , " i s the evidence written? rYesrNo

( a ) (b) Business/ (d) B a s i s f o r depreciation ( f ) (g) (h) E l e c t e dType o f property ( l i s t Date placed i n investment Cost or other (business/investment Recovery Method/ Depreciation/ s e c t i o n 17 9v e h i c l e s f i r s t ) s e r v i c e use b a s i s use o n l y ) p e r i o d Convention deduction c o s tpercentage25 S p e c i a l depreciation allowance f o r q u al if i ed li s t ed property placed i n s e r v i c e during the tax y ea r a nd u sed more than

50% i n a q u al if ie d business use (see i n s t r u c t i o n s ) 2526 Property used more than 50% i n a qualified business use

%%%

27 Property used 50% or less i n a qualified business use0 / 0 S / L -% S / L -% S / L -

28 Add amounts i n column ( h ) , lines 25 through 27 Enter here and on l i n e 21 , page 1 2829 Add amounts i n column ( i ) , l i n e 26 Enter here and on l i n e 7, page 1 29

Section B-Information on Use of VehiclesComplete t h i s section f o r vehicles used by a sole proprietor, partner, o r other more than 5% owner," o r related personI f yo u provided v e h i c l e s t o your employees, f i r s t answer the questions i n Section C t o see i f yo u meet an exception t o completing t h i s s e c t i o n f o r those v e h i c l e s30 Total business/investment miles d ri ve n d ur ing the (a)Vehicle 1

(b)Vehicle 2

( c )Vehicle 3

(d)Vehicle 4

(e)Vehicle 5

( f )Vehicle 6year ( do not include commuting miles)

31 Total commuting m il e s d r iv e n during th e year32 Total other personal(noncommuting) miles driven33 T ot al m il es d ri ve n d ur in g th e year Add lines 30

through 32 .34Was th e vehicle available fo r personal use Yes No Yes No Yes No Yes No Yes No Yes No

during off-duty hours?35 Was the vehicle used primarily by a more than 5%

owner o r related person?36Is another vehicle available f o r personal u s e ' s

Section C-Questions for Employers Who Provide Vehicles for Use by Their EmployeesA nswer these questions t o determine i f yo u meet an exception t o completing Section B f o r vehicles used by e mp l oy ee s w h o ar e no t more than5% owners o r related persons (see instructions)

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Additional Data

Software ID:Software Version:

EIN: 02 -0620399Name : THE PALACE THEATER GROUP INC

Form 990 , Part II , Line 43 - Other expenses not covered above ( itemize):Do not include amounts reported on line

6b, 8b, 9b , 10b, or 16 of Part I . ( A) Total( B) Program

services(C ) Managementand general

( D) Fundraising

a MISCELLANEOUS 43a 12,248 12,248

b DUES & SUBSCRIPTIONS 43b 3,003 3,003

c INSURANCE 43c 94,289 30,134 61,270 2,885

d MARKETING 43d 258,168 178,400 21,376 58,392

e CONSULTA NT 43e 19,972 19,972f PROPERTY TAXES 43f 7,124 7,124

g PROGRAM EXPENSES 43g 4,524,800 4,524,800

h STRATEGIC PLAN GRANT EXPENSES 43h 46,846 46,846

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Form 990, Part V-A - Current O f f i c e r s , D i r e c t o r s , Trustees, and Key Employees:( D) Contributions to(B ) T it l e and average ( C) Compensation (E) Expenseemployee b en efit(A ) Name an d address hours pe r week devoted ( I f n ot p ai d , e n t e r - 0 - a c c o u n t an d o t h e rp la n s & deferredto position ) a l l o w a n c e scompensation p l a n s

FRANK TAVERA EXECUTIVE DIRECTOR100 EAST MAIN STREET 145,107 0 47337 50WATERBURY,CT 06702DONALD PORTER DIRECTOR OF100 EAST MAIN STREET FINANCE 48,919 0 0WATERBURY,CT 06702 37 50TIMOTHY MOYNAHAN DIRECTOR100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702DAVID FERRARO s u r e r100 EAST MAIN STREET 0 0 00

5 0 0wATERBURY,CT 06702

MARK YANARELLA DIRECTOR100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702FRANK BURGIO DIRECTOR100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702SANDY VIGLIOTTI SENICH Chairman100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702John Tobin Vice Chair100 EAST MAIN STREET 0 0 0

0 50wATERBURY,CT 06702CAROLYN FCICCHETTI Di r e c t or100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702Peter Baker Di r e c t or100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702

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Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:( D) Contributions to(B ) Title and average ( C) Compensation (E) Expenseemployee benefit(A) Name an d address hours pe r week devoted ( I f n ot p aid , enter - 0 - account an d otherplans & deferredto position ) allowancescompensation plans

JOSEPH GUGLIOTTI Director100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702JOHN MAIA

Director100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702BARBARA MORCEY Director100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702Robert Dezinno Director100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702PAUL PERNEREWSKI SECRETARY100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702WILLIAM PIZZUTO Director100 EAST MAIN STREET 0 0 00wATERBURY,CT 06702JAMES SMITH TOR100 EAST MAIN STREET 050 0 0 0wATERBURY,CT 06702

RALPH CORBO DIRECTOR100 EAST MAIN STREET 0 0 00 50WATERBURY,CT 06702

LEONARD MECCA DIRECTOR100 EAST MAIN STREET 0 0 00 50WATERBURY,CT 06702David Geremia dIRECTOR100 EAST MAIN STREET 0 0 00 50wATERBURY,CT 06702

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Form 990, Part V-A - Current O f f i c e r s , D i r e c t o r s , Trustees, and Key Employees:(B ) T it l e and average ( C) Compensation (D ) Contributions to (E) Expense

(A ) Name an d address hours pe r week devoted ( I f no t p ai d , enter - 0 - employee b enefit account an d o t h e rto position ) plans & deferred a l l o w a n c e scompensation p l a n s

Peter Jacoby dIRECTO R100 EAST MAIN STREET 0 50 0 0 0wATERBURY,CT 06702John Zinno

dIRECTOR100 EAST MAIN STREET 0 50 0 0 0wATERBURY,CT 06702

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l e f i l e GRAPHIC p r i n t - DO NOT PROCESS As F i l e d Data - DLN: 93490364001078

TY 2007 Investments - S e c u r i t i e s S c h e d u l e

Name : THE PALACE THEATER GROUP I N CE I N : 02-0620399

D e s c r i p t i o n Book Value Cost/FMVMUTUAL FUNDS 533,586 F

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

TY 2007 Land e t c . ScheduleName : THE PALACE THEATER GROUP INC

EIN: 02-0620399

Category / Item Cost / Other Basis Accumulated Depreciation Book Valuef u r n i t u r e an d f i x t u r e s 149,628 26,003 123,625equipment 97,078 35,057 62,021computer software 45,560 27,789 17,771b u i l d i n g improvements 557,183 67,033 490,150

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

TY 2007 Other Changes i n Ne t Assets Schedule

Name : THE PALACE THEATER GROUP INCEIN: 02-0620399

Description AmountU n r e a l i z e d Gains ( l o s s ) -77,148

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

TY 2007 Other ExpensesNot Included Schedule

Name : THE PALACE THEATER GROUP INCEIN: 02-0620399

Description AmountPROGRAM EVENT EXPENSES 4,524,800

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

TY 2007 Other L i a b i l i t i e s Schedule

Name : THE PALACE THEATER GROUP INCEIN: 02-0620399

Description Begi n n i ng of Year Amount End of Year AmountC a p i t a l Fund 290,313 405,767

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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

TY 2007 Other RevenuesNot Included Schedule

Name : THE PALACE THEATER GROUP INCEIN: 02-0620399

Description AmountPROGRAM EVENT EXPENSES 4,524,800

efile GRAPHIC - Filed Data - DLN: 93490364001078

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l p rint PROCESS

TY 2007 Sales Of Inve ntory Schedule

Name : THE PALACE THEATER GROUP IN CEIN: 02-0620399

Cat egory Gross Sales Cost of Goods Sold Net ( Gross Sales MinusCost of Goods Sold)CONCESSION 284,517 113,505 171,012WAMS 250,000 89,038 160,962PARKING 62,396 27,390 35,006OTHER 58,099 32,993 25,106

efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490364001078

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l

TY 2007 Other Income Schedule

Name : THE PALACE THEATER GROUP INCEIN: 02-0620399

Description 2006 2005 2004 2003 TotalMiscellaneous 18,694 3,484 22,178