HISTORIC PARAMOUNT THEATRE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- HISTORIC PARAMOUNT THEATRE INC (EIN 06-1672774)
- Tax period
- 2023-04-01 to 2024-03-31
- Filed
- 2025-02-14
- IRS object ID
- 202510459349300931
- Schema version
- 2023v6.0
- 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 | 2025-02-14T14:52:53-05:00 | ReturnTs |
| Tax Period End | 2024-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472687081 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Roberts & McGee CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 104 Pine Street Suite 710 | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-04-01 | 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 | 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 Direc | PersonTitleTxt |
| Phone | 3256769620 | PhoneNum |
| Signature | 2025-02-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stacey L McGee | PreparerPersonNm |
| PTIN | P00236663 | PTIN |
| Phone | 3257019502 | PhoneNum |
| Preparation | 2025-02-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,537,948 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | https://www.paramountabilene.com/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | Our mission is to manage and promote the Historic Paramount Theatre to benefit the citizens of Abilene, Texas and the sourrounding area. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 52 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $569,153 | PYContributionsGrantsAmt |
| CY Contributions Grants | $459,995 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $765,976 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,071,264 | CYProgramServiceRevenueAmt |
| PY Investment Income | $13,664 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,084 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,169 | PYOtherRevenueAmt |
| CY Other Revenue | $2,605 | CYOtherRevenueAmt |
| PY Total Revenue | $1,349,962 | PYTotalRevenueAmt |
| CY Total Revenue | $1,537,948 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $535,730 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $647,058 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $15,534 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $564,106 | PYOtherExpensesAmt |
| CY Other Expenses | $1,074,949 | CYOtherExpensesAmt |
| PY Total Expenses | $1,099,836 | PYTotalExpensesAmt |
| CY Total Expenses | $1,722,007 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $250,126 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$184,059 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,183,954 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,000,832 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $91,945 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $205,025 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,092,009 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $795,807 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Our mission is to manage and promote the Historic Paramount Theatre to benefit the citizens of Abilene, Texas and the sourrounding area. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,526,904 | ExpenseAmt |
| Revenue | $1,528,460 | RevenueAmt |
| Desc | In managing and preserving the Historic Paramount Theatre to benefit the citizens of Abilene, Texas and the surrounding areas, we provide the annual Paramount Film Series and other special film series; our 24FPS International Short Film Festival; Paramount Productions: live theatrical experiences featuring youth, amateur, and professional artists on our landmark stage; facility rentals for live theatre, touring shows, concerts, film screenings, fundraisers, special events, and weddings; and we provide a home for a wide range of local and regional arts and educational organizations, including Abilene Ballet Theatre, the Abilene Opera Association, the Abilene Community Band, and Celebration Singers. | Desc |
| Total Program Service Expenses | $1,526,904 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | 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 | Yes (true) | 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 | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 52 | 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 | Yes (true) | 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 Levesque | PersonNm |
| Phone | 3256769620 | PhoneNum |
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 |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| George Levesque | |||||||
| Executive Director | 40.00 | 0.00 | Yes (X) | $112,906 | $0 | $0 | |
| Jay Lester | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Forrest McMillan | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Melody Hunt | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Joe Biles | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Lynn Wilkinson | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Bourdon Wooten | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Omar Ortiz | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Andrea Smiddy-Schlagel | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Jasmine McCabe-Gossett | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Matt Mercer | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Casey Hatcher | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Tiffany Gutierrez | |||||||
| Director | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Jeff Duncan | |||||||
| Chair | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Leah Doty | |||||||
| Past Chair | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Steve Stovall | |||||||
| Vice Chair Chair Elect | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Edward Greenlee | |||||||
| Treasurer | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Sandra Harper | |||||||
| Secretary | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $112,906 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $459,995 | AllOtherContributionsAmt |
| Total Contributions | $459,995 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Theatre Rental | 711110 | $247,675 | $247,675 |
| Theatre Productions | 711110 | $537,202 | $537,202 |
| Movie Ticket Sales | 711110 | $71,477 | $71,477 |
| Concession Stand | 711110 | $214,910 | $214,910 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,071,264 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,084 | TotalRevenueColumnAmt |
| Exclusion | $4,084 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 711110 | BusinessCd |
| Total Revenue Column | $2,605 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,605 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,605 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,537,948 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,073,869 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,084 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,001 | TotalAmt |
| Program Services | $92,001 | ProgramServicesAmt |
| Management And General | $17,250 | ManagementAndGeneralAmt |
| Fundraising | $5,750 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,616 | TotalAmt |
| Program Services | $338,631 | ProgramServicesAmt |
| Management And General | $26,421 | ManagementAndGeneralAmt |
| Fundraising | $1,564 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,193 | TotalAmt |
| Program Services | $111,523 | ProgramServicesAmt |
| Management And General | $14,279 | ManagementAndGeneralAmt |
| Fundraising | $2,391 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,248 | TotalAmt |
| Program Services | $33,305 | ProgramServicesAmt |
| Management And General | $3,377 | ManagementAndGeneralAmt |
| Fundraising | $566 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,205 | TotalAmt |
| Management And General | $12,205 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,526 | TotalAmt |
| Program Services | $5,263 | ProgramServicesAmt |
| Fundraising | $5,263 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,061 | TotalAmt |
| Program Services | $199,187 | ProgramServicesAmt |
| Management And General | $18,874 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,096 | TotalAmt |
| Program Services | $5,096 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,785 | TotalAmt |
| Program Services | $156,628 | ProgramServicesAmt |
| Management And General | $39,157 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,735 | TotalAmt |
| Program Services | $20,234 | ProgramServicesAmt |
| Management And General | $2,501 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Special Event Costs | $345,324 | $345,324 | |
| Movie Costs | $61,513 | $61,513 | |
| Concession Stand Costs | $67,608 | $67,608 | |
| Supplies | $29,970 | $20,979 | $8,991 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,126 | TotalAmt |
| Program Services | $69,612 | ProgramServicesAmt |
| Management And General | $36,514 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,722,007 | TotalAmt |
| Program Services | $1,526,904 | ProgramServicesAmt |
| Management And General | $179,569 | ManagementAndGeneralAmt |
| Fundraising | $15,534 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $395,502 | BOYAmt |
| EOY | $273,140 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,337 | BOYAmt |
| EOY | $14,009 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,390 | BOYAmt |
| EOY | $20,964 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,006,500 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $696,910 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $490,961 | BOYAmt |
| EOY | $309,590 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $240,764 | BOYAmt |
| EOY | $383,129 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,183,954 | BOYAmt |
| EOY | $1,000,832 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,609 | BOYAmt |
| EOY | $23,272 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,272 | BOYAmt |
| EOY | $28,200 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,064 | BOYAmt |
| EOY | $153,553 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,945 | BOYAmt |
| EOY | $205,025 | 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 | $801,949 | BOYAmt |
| EOY | $761,657 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,060 | BOYAmt |
| EOY | $34,150 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,092,009 | BOYAmt |
| EOY | $795,807 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,183,954 | BOYAmt |
| EOY | $1,000,832 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$184,059 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $21,577 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$133,720 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | 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 |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $283,553 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $351,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $683,245 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $569,153 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $459,995 | CurrentTaxYearAmt |
| Total | $2,347,679 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $407,789 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $140,721 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $288,641 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $765,976 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,074,264 | CurrentTaxYearAmt |
| Total | $2,677,391 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $691,342 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $492,454 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $971,886 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,335,129 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,534,259 | CurrentTaxYearAmt |
| Total | $5,025,070 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $5,025,070 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $673 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $193 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $143 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,084 | CurrentTaxYearAmt |
| Total | $6,830 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $673 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $193 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $143 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,084 | CurrentTaxYearAmt |
| Total | $6,830 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $961 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $195 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $962 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,169 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,605 | CurrentTaxYearAmt |
| Total | $5,892 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $692,976 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $492,842 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $972,991 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,338,035 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,540,948 | CurrentTaxYearAmt |
| Total | $5,037,792 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99750 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99830 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
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
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $15,931 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $220,629 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $23,430 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,341 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $1,852 | AdministrativeExpensesAmt |
| End Year Balance | $229,866 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $203,470 | BeginningYearBalanceAmt |
| Contributions | $25,300 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,298 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,843 | AdministrativeExpensesAmt |
| End Year Balance | $220,629 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 | $1,723 | AdministrativeExpensesAmt |
| End Year Balance | $203,476 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.97000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.03000 | PrmnntEndowmentBalanceEOYPct |
| 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 | $459,027 | OtherCostOrOtherBasisAmt |
| Depreciation | $346,369 | DepreciationAmt |
| Book Value | $112,658 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $500,056 | OtherCostOrOtherBasisAmt |
| Depreciation | $350,541 | DepreciationAmt |
| Book Value | $149,515 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $47,417 | OtherCostOrOtherBasisAmt |
| Book Value | $47,417 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $309,590 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Operating Lease Right of Use Assets | $152,263 |
| Lease Deposit | $1,000 |
| Ben Int in Assets Held by Others | $229,866 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $383,129 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Operating Lease Liability | Desc |
| Amt | $153,553 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $153,553 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,559,525 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $21,577 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $21,577 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,537,948 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,537,948 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,722,007 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,722,007 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,722,007 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Footnote for uncertain tax position under FIN 48 (Part X) | FormAndLineReferenceDesc |
| Explanation | For the year ended March 31, 2024, Historic Paramount Theatre, Inc. did not identify any uncertain tax positions; therefore, no provision for uncertain tax provisions has been reported. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 governing body review Part VI line 11 | A draft of Form 990 is provided to board members for review prior to filing. |
| Conflict of interest policy compliance Part VI line 12c | Board members are required to submit a signed conflict of interest statement to be reviewed annually for potential conflicts. |
| CEO executive director top management comp Part VI line 15a | Executive compensation is reviewed and approved by the board of directors annually. |
| Governing documents etc available to public Part VI line 19 | Governing documents are made available upon request. Reasonable fees may be charged for providing non-electronic printed copies. |
| Part XI response or note to any line in Part XI | A prior period adjustment was recorded to amortize leasehold improvements over the shorter of the lease term or estimated useful life. |
Comments