The Friends of the Palace Theater logo

The Friends of the Palace Theater

Public charity · Grantmaker Hilo, HI EIN: 99-0352607 Website

Provide cultural and educational events and restore an historic building.

The Friends of the Palace Theater at a glance

In short: The Friends of the Palace Theater reported $3K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.

Grants paid (2024)
$2,670 — reported as a total on the IRS filing, without an itemized list
-54.1% vs 2023
Total assets
$1,130,335
-2.9% vs 2023
Revenue (2024)
$1,016,837
-6.1% vs 2023
Net investment income (2024)
$358
-90.1% vs 2023
Expenses (2024)
$1,088,428
+5.6% vs 2023
Latest 990 filing
Form 990, 2024 View filing

Data from IRS Form 990, 2024; updated October 2026.

Who The Friends of the Palace Theater funds

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Pahoa

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K0 grants2019 0 grants2020 0 grants2021 0 grants2022 1 grant2023 Total only2024

From 2023 to 2024, annual grant giving ranged from $3K (2024) to $6K (2023). In 2024 it reported $3K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Chaperone Film LLC Pahoa, HISupport$5,818
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$1,130,335$1,016,837$1,088,428$2,670Total only$358
2023$1,163,698$1,082,641$1,030,708$5,8181$3,624
2022$1,118,683$833,414$823,783——$56
2021$1,232,387$596,074$401,676——$69
2020$995,025$732,234$374,888——$21
2019$440,362$601,360$537,996——$40

"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.

About The Friends of the Palace Theater

Based on IRS filings

The Friends of the Palace Theater is a public charity focused on Arts, Culture & Humanities, based in Hilo, HI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it reported $3K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $358.

Leadership & Key People

Officers and directors from IRS filings

The Friends of the Palace Theater is led by Jeffrey L. Davis, President & Vice President since 2024 (on filings since 2022); 1 of 11 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Jeffrey L. Davis

    President & Vice President

    Director → Vice President, 2023

    Vice President → President & Vice President, 2024

    On filings since 2022

    7.5 hrs/week

    No compensation reported

  • Genevieve Aiona

    Director

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Steve Peyton

    Director

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Dana Butler

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Russell Ruderman

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Jason Green

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Marcia Prose

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Phillips Payson

    Executive Di

    On filings since 2019

    40 hrs/week

    $30K (2019) → $63K (2024)

  • Beth Block

    Secretary

    Director → Secretary, 2020

    On filings since 2019

    2.5 hrs/week

    No compensation reported

  • Susan Starkey Hendricks

    Treasurer

    On filings since 2019

    2.5 hrs/week

    No compensation reported

  • Wendy Peskin

    Past President

    President → Past President, 2024

    On filings since 2019

    7.5 hrs/week

    No compensation reported

Former officers (9)
  • Former: Larry Reitzer (2019–2022) — Vice President
  • Former: Deborah Kimball PhD (2020–2022) — Director
  • Former: David Currier (2022) — Director
  • Former: Amber Lopez (2019–2020) — Director
  • Former: Kris Speegle (2020) — Director
  • Former: Bruce McCutcheon (2019) — Secretary
  • Former: Deborah Kimball-Robinson PhD (2019) — Director
  • Former: Robin Worley (2019) — Executive Di
  • Former: Tam Hunt (2019) — Director

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Phillips Payson — Executive Di: $63KPhillips PaysonExecutive Di$63K

The highest reported compensation on the 2024 filing was $63K, to Phillips Payson (Executive Di).

Frequently asked questions about The Friends of the Palace Theater

How much does The Friends of the Palace Theater give each year?

The Friends of the Palace Theater reported $3K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it gave $6K across 1 grant.

How large is The Friends of the Palace Theater?

The Friends of the Palace Theater reported $1.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.0M.

What is The Friends of the Palace Theater?

The Friends of the Palace Theater is a public charity focused on Arts, Culture & Humanities, based in Hilo, HI. It holds $1.1M in total assets as of 2024.

Where does The Friends of the Palace Theater operate?

The Friends of the Palace Theater has awarded grants in Hawaii.

What is The Friends of the Palace Theater's EIN?

The Friends of the Palace Theater's EIN (Employer Identification Number) is 99-0352607. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990 filings.

Data update history

(4)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS September 10, 2020)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS October 29, 2024)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS August 15, 2025)
  4. IRS filings on file for fiscal years 2020–2024

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Cite this profile

Grantable. (2026). The Friends of the Palace Theater funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/the-friends-of-the-palace-theater-morg_b95bcd92ae924866b4acbaea7353ef67

BibTeX
@misc{grantable_990352607_2026,
  author       = {{Grantable}},
  title        = {{The Friends of the Palace Theater funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/the-friends-of-the-palace-theater-morg_b95bcd92ae924866b4acbaea7353ef67},
  note         = {Accessed 2026-10-08. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from The Friends of the Palace Theater's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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