HISTORIC PARAMOUNT THEATRE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- HISTORIC PARAMOUNT THEATRE INC (EIN 06-1672774)
- Tax period
- 2021-04-01 to 2022-03-31
- Filed
- 2022-11-22
- IRS object ID
- 202223269349300882
- Schema version
- 2021v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-22T14:02:53-06:00 | ReturnTs |
| Tax Period End | 2022-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752570775 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Borden Duffel PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 South Leggett Dr | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79605 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061672774 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Historic Paramount Theatre Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HIST | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress Street | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George P Levesque | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 3256769620 | PhoneNum |
| Signature | 2022-11-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | George P | PersonFirstNm |
| Person Last | Levesque | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Sharmon L Daley CPA | PreparerPersonNm |
| PTIN | P00541889 | PTIN |
| Phone | 3256731040 | PhoneNum |
| Preparation | 2022-11-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | George Levesque | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress St | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $972,991 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | paramount-abilene.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | The mission is to manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 55 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $351,733 | PYContributionsGrantsAmt |
| CY Contributions Grants | $683,245 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $140,721 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $288,641 | CYProgramServiceRevenueAmt |
| PY Investment Income | $193 | PYInvestmentIncomeAmt |
| CY Investment Income | $143 | CYInvestmentIncomeAmt |
| PY Other Revenue | $195 | PYOtherRevenueAmt |
| CY Other Revenue | $962 | CYOtherRevenueAmt |
| PY Total Revenue | $492,842 | PYTotalRevenueAmt |
| CY Total Revenue | $972,991 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $293,243 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $443,447 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $11,062 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $181,134 | PYOtherExpensesAmt |
| CY Other Expenses | $307,605 | CYOtherExpensesAmt |
| PY Total Expenses | $474,377 | PYTotalExpensesAmt |
| CY Total Expenses | $751,052 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,465 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $221,939 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $641,192 | TotalAssetsBOYAmt |
| Total Assets EOY | $869,981 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $23,348 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,957 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $617,844 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $849,024 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $644,907 | ExpenseAmt |
| Revenue | $289,603 | RevenueAmt |
| Desc | Manage and preserve the Historic Paramount Theatre so that it might | Desc |
| Total Program Service Expenses | $644,907 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 55 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George P Levesque | PersonNm |
| Phone | 3256769620 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress St | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| M Mercer | |||||||
| Chair | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| L Doty | |||||||
| Chair Elect | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| J Duncan | |||||||
| Treasurer | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| O Ortiz | |||||||
| Secretary | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S Lamb | |||||||
| Past Chair | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| T Graves | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| E Greenlee | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| T Gutierrez | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| S Harper | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| C Hatcher | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| M Hunt | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| A Kasselman | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| F McMillan | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| A Schlagel | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| S Stovall | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| R Sutphen | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| L Wilkinson | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| G Levesque | |||||||
| Ex Director | 40 | 0 | $86,088 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $86,088 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | None | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Government Grants | $183,505 | GovernmentGrantsAmt |
| All Other Contributions | $499,740 | AllOtherContributionsAmt |
| Noncash Contributions | $7,000 | NoncashContributionsAmt |
| Total Contributions | $683,245 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Theatre Rental | 711110 | $104,836 | $104,836 |
| Theatre Productions | 711110 | $65,018 | $65,018 |
| Movie Ticket Sales | 711110 | $48,557 | $48,557 |
| Concession Stand | 711110 | $70,230 | $70,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $288,641 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143 | TotalRevenueColumnAmt |
| Exclusion | $143 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 711110 | BusinessCd |
| Total Revenue Column | $962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $962 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $962 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $972,991 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $289,603 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $143 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,637 | TotalAmt |
| Program Services | $73,310 | ProgramServicesAmt |
| Management And General | $13,746 | ManagementAndGeneralAmt |
| Fundraising | $4,581 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,715 | TotalAmt |
| Program Services | $220,709 | ProgramServicesAmt |
| Management And General | $22,473 | ManagementAndGeneralAmt |
| Fundraising | $1,533 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,916 | TotalAmt |
| Program Services | $63,853 | ProgramServicesAmt |
| Management And General | $12,377 | ManagementAndGeneralAmt |
| Fundraising | $4,686 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,179 | TotalAmt |
| Program Services | $22,776 | ProgramServicesAmt |
| Management And General | $3,141 | ManagementAndGeneralAmt |
| Fundraising | $262 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,624 | TotalAmt |
| Management And General | $7,624 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,670 | TotalAmt |
| Program Services | $1,670 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,228 | TotalAmt |
| Program Services | $56,060 | ProgramServicesAmt |
| Management And General | $11,168 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,206 | TotalAmt |
| Program Services | $25,765 | ProgramServicesAmt |
| Management And General | $6,441 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,359 | TotalAmt |
| Program Services | $12,359 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Movie/Prodctn/Rental Exp | $126,599 | $126,599 | |
| Operating Exp & Supplies | $35,176 | $18,465 | $16,711 |
| Dues & Subscriptions | $20,071 | $20,071 | |
| Miscellaneous Expenses | $4,672 | $3,270 | $1,402 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $751,052 | TotalAmt |
| Program Services | $644,907 | ProgramServicesAmt |
| Management And General | $95,083 | ManagementAndGeneralAmt |
| Fundraising | $11,062 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $347,738 | BOYAmt |
| EOY | $346,734 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $582 | BOYAmt |
| EOY | $10,305 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,756 | BOYAmt |
| EOY | $54,168 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $696,307 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $441,003 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,037 | BOYAmt |
| EOY | $255,304 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,079 | BOYAmt |
| EOY | $203,470 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $641,192 | BOYAmt |
| EOY | $869,981 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,698 | BOYAmt |
| EOY | $5,331 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,650 | BOYAmt |
| EOY | $15,626 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,348 | BOYAmt |
| EOY | $20,957 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $422,659 | BOYAmt |
| EOY | $561,004 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,185 | BOYAmt |
| EOY | $288,020 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $617,844 | BOYAmt |
| EOY | $849,024 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $641,192 | BOYAmt |
| EOY | $869,981 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $221,939 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $7,000 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $2,241 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $253,384 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $263,922 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $283,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $351,733 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $683,245 | CurrentTaxYearAmt |
| Total | $1,835,837 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $375,022 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $361,654 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $407,789 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $140,721 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $288,641 | CurrentTaxYearAmt |
| Total | $1,573,827 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $628,406 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $625,576 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $691,342 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $492,454 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $971,886 | CurrentTaxYearAmt |
| Total | $3,409,664 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $3,409,664 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $794 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $673 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $193 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $143 | CurrentTaxYearAmt |
| Total | $1,865 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $794 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $673 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $193 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $143 | CurrentTaxYearAmt |
| Total | $1,865 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $697 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $961 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $195 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $962 | CurrentTaxYearAmt |
| Total | $3,195 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $629,165 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $626,750 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $692,976 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $492,842 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $972,991 | CurrentTaxYearAmt |
| Total | $3,414,724 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99850 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99840 | PublicSupportPY509Pct |
| Investment Income CY | 0.00050 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00060 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Section B, Line 12 Other Income | FormAndLineReferenceDesc |
| Explanation | Amount represents gift card activation fees. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $146,079 | BeginningYearBalanceAmt |
| Contributions | $55,150 | ContributionsAmt |
| Investment Earnings Or Losses | $3,970 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,729 | AdministrativeExpensesAmt |
| End Year Balance | $203,470 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $103,494 | BeginningYearBalanceAmt |
| Contributions | $200 | ContributionsAmt |
| Investment Earnings Or Losses | $43,421 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,036 | AdministrativeExpensesAmt |
| End Year Balance | $146,079 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,559 | BeginningYearBalanceAmt |
| Contributions | $106,200 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,295 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $970 | AdministrativeExpensesAmt |
| End Year Balance | $103,494 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,498 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $124 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $63 | AdministrativeExpensesAmt |
| End Year Balance | $8,559 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,561 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $999 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $62 | AdministrativeExpensesAmt |
| End Year Balance | $8,498 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Endowment Balance EOY | 1.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $103,199 | OtherCostOrOtherBasisAmt |
| Depreciation | $45,758 | DepreciationAmt |
| Book Value | $57,441 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $473,319 | OtherCostOrOtherBasisAmt |
| Depreciation | $320,096 | DepreciationAmt |
| Book Value | $153,223 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $119,789 | OtherCostOrOtherBasisAmt |
| Depreciation | $75,149 | DepreciationAmt |
| Book Value | $44,640 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $255,304 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Paramount Theatre Memorial Fund - Community Foundation | $24,337 |
| Paramount Theatre Reserve Fund - Community Foundation | $179,133 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $203,470 | TotalBookValueOtherAssetsAmt |
| Total Rev Etc Audited Fincl Stmt | $982,232 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $7,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,241 | OtherRevenueAmt |
| Revenue Not Reported | $9,241 | RevenueNotReportedAmt |
| Revenue Subtotal | $972,991 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $972,991 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $751,052 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $751,052 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $751,052 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | The endowment funds will be used to provide organizational s |
| Schedule D, Part X, Line 2 | For the year ended March 31, 2022, management has determined that there are no material uncertain tax positions. |
| Schedule D, Part XI, Line 2d - Other | Amount represents increase in Beneficial Interest in Assets Held by Others. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 11b | A copy of the Form 990 was presented to the Board of Directors prior to submission. |
| Form 990, Part VI, Line 12c | Every Board member is required to submit a signed conflict of interest statement to be reviewed for potential conflicts. |
| Form 990, Part VI, Line 15a | Compensation is reviewed by the Board of Directors annually. |
| Form 990, Part VI, Line 19 | Each year the Paramount has an independent audit that is presented to the Board for approval. Governing documents are held at 352 Cypress St., Abilene,TX. Available upon request. |
| Form 990, Part XI, Line 9 | Amount represents increase in Beneficial Interest in Assets Held by Others. |