HISTORIC PARAMOUNT THEATRE INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- HISTORIC PARAMOUNT THEATRE INC (EIN 06-1672774)
- Tax period
- 2019-04-01 to 2020-03-31
- Filed
- 2020-12-10
- IRS object ID
- 202023459349301227
- Schema version
- 2019v5.0
- 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 | 2020-12-10T20:45:19-06:00 | ReturnTs |
| Tax Period End | 2020-03-31 | 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 | 2019-04-01 | 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 |
| 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 |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George Levesque | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Signature | 2020-10-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Sharmon Daley CPA | PreparerPersonNm |
| PTIN | P00541889 | PTIN |
| Phone | 3256731040 | PhoneNum |
| Preparation | 2020-10-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $692,976 | 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 | 47 | TotalEmployeeCnt |
| Total Volunteers | 60 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $263,922 | PYContributionsGrantsAmt |
| CY Contributions Grants | $283,553 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $361,654 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $407,789 | CYProgramServiceRevenueAmt |
| PY Investment Income | $794 | PYInvestmentIncomeAmt |
| CY Investment Income | -$1,305 | CYInvestmentIncomeAmt |
| PY Other Revenue | $380 | PYOtherRevenueAmt |
| CY Other Revenue | $961 | CYOtherRevenueAmt |
| PY Total Revenue | $626,750 | PYTotalRevenueAmt |
| CY Total Revenue | $690,998 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $352,263 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $371,071 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,804 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $269,491 | PYOtherExpensesAmt |
| CY Other Expenses | $283,838 | CYOtherExpensesAmt |
| PY Total Expenses | $621,754 | PYTotalExpensesAmt |
| CY Total Expenses | $654,909 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,996 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $36,089 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $541,063 | TotalAssetsBOYAmt |
| Total Assets EOY | $571,182 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $23,093 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $25,188 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $517,970 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $545,994 | 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 | $559,188 | ExpenseAmt |
| Revenue | $408,750 | RevenueAmt |
| Desc | Manage and preserve the Historic Paramount Theatre so that it might | Desc |
| Total Program Service Expenses | $559,188 | 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 | false | 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 | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 47 | 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 |
| 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 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 |
|---|---|---|---|---|---|---|---|
| J Lester | |||||||
| Chair | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S Lamb | |||||||
| Chair Elect | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| T Graves | |||||||
| Treasurer | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| M Mercer | |||||||
| Secretary | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| C Etter | |||||||
| Past Chair | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| L Biebighauser | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| L Doty | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| P Garcia | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| T Gutierrez | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| L Haynes | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| H Jaklewicz | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| F McMillan | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| S Mutiso | |||||||
| 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 | |
| E Greenlee | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| L Wilkinson | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| G Levesque | |||||||
| Exec Director | 40 | 0 | $80,780 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $80,780 | 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) |
|---|---|---|
| All Other Contributions | $283,553 | AllOtherContributionsAmt |
| Noncash Contributions | $3,200 | NoncashContributionsAmt |
| Total Contributions | $283,553 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Theatre Rental | 711110 | $116,054 | $116,054 |
| Theatre Productions | 711110 | $144,085 | $144,085 |
| Movie Ticket Sales | 711110 | $58,651 | $58,651 |
| Concession Stand | 711110 | $88,999 | $88,999 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $407,789 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $673 | TotalRevenueColumnAmt |
| Exclusion | $673 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,978 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$1,978 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,978 | TotalRevenueColumnAmt |
| Exclusion | -$1,978 | 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 | $961 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $961 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $961 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $690,998 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $408,750 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | -$1,305 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,040 | TotalAmt |
| Program Services | $63,232 | ProgramServicesAmt |
| Management And General | $11,856 | ManagementAndGeneralAmt |
| Fundraising | $3,952 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,421 | TotalAmt |
| Program Services | $191,606 | ProgramServicesAmt |
| Management And General | $19,760 | ManagementAndGeneralAmt |
| Fundraising | $1,055 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,064 | TotalAmt |
| Program Services | $45,598 | ProgramServicesAmt |
| Management And General | $10,895 | ManagementAndGeneralAmt |
| Fundraising | $571 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,546 | TotalAmt |
| Program Services | $19,615 | ProgramServicesAmt |
| Management And General | $2,705 | ManagementAndGeneralAmt |
| Fundraising | $226 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,090 | TotalAmt |
| Management And General | $7,090 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,265 | TotalAmt |
| Program Services | $18,265 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,933 | TotalAmt |
| Program Services | $36,316 | ProgramServicesAmt |
| Management And General | $9,617 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,373 | TotalAmt |
| Program Services | $2,373 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,848 | TotalAmt |
| Program Services | $23,878 | ProgramServicesAmt |
| Management And General | $5,970 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,658 | TotalAmt |
| Program Services | $14,658 | ProgramServicesAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,671 | TotalAmt |
| Program Services | $143,647 | ProgramServicesAmt |
| Management And General | $22,024 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $654,909 | TotalAmt |
| Program Services | $559,188 | ProgramServicesAmt |
| Management And General | $89,917 | ManagementAndGeneralAmt |
| Fundraising | $5,804 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $359,795 | BOYAmt |
| EOY | $270,881 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,441 | BOYAmt |
| EOY | $11,634 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,650 | BOYAmt |
| EOY | $20,770 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $544,735 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $380,332 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,618 | BOYAmt |
| EOY | $164,403 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,559 | BOYAmt |
| EOY | $103,494 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $541,063 | BOYAmt |
| EOY | $571,182 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,993 | BOYAmt |
| EOY | $9,088 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,100 | BOYAmt |
| EOY | $16,100 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,093 | BOYAmt |
| EOY | $25,188 | 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 | $423,672 | BOYAmt |
| EOY | $392,247 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,298 | BOYAmt |
| EOY | $153,747 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $517,970 | BOYAmt |
| EOY | $545,994 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $541,063 | BOYAmt |
| EOY | $571,182 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $36,089 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $3,200 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$11,265 | 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 | $161,470 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $172,653 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $253,384 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $263,922 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $283,553 | CurrentTaxYearAmt |
| Total | $1,134,982 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $299,930 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $294,041 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $375,022 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $361,654 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $407,789 | CurrentTaxYearAmt |
| Total | $1,738,436 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $461,400 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $466,694 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $628,406 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $625,576 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $691,342 | CurrentTaxYearAmt |
| Total | $2,873,418 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $2,873,418 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $80 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $62 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $794 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $673 | CurrentTaxYearAmt |
| Total | $1,659 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $80 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $62 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $794 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $673 | CurrentTaxYearAmt |
| Total | $1,659 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $461,480 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $466,744 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $628,468 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $626,370 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $692,015 | CurrentTaxYearAmt |
| Total | $2,875,077 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99940 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99960 | PublicSupportPY509Pct |
| Investment Income CY | 0.00060 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00040 | 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
| 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 | $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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,823 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $792 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $54 | AdministrativeExpensesAmt |
| End Year Balance | $7,561 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,039 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$167 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $49 | AdministrativeExpensesAmt |
| End Year Balance | $6,823 | 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 | $35,438 | DepreciationAmt |
| Book Value | $67,761 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $334,448 | OtherCostOrOtherBasisAmt |
| Depreciation | $284,451 | DepreciationAmt |
| Book Value | $49,997 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $107,088 | OtherCostOrOtherBasisAmt |
| Depreciation | $60,443 | DepreciationAmt |
| Book Value | $46,645 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $164,403 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $682,933 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $3,200 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$11,265 | OtherRevenueAmt |
| Revenue Not Reported | -$8,065 | RevenueNotReportedAmt |
| Revenue Subtotal | $690,998 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $690,998 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $654,909 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $654,909 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $654,909 | 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, 2020, management has determined that there are no material uncertain tax positions. |
| Schedule D, Part XI, Line 2d - Other - | Amount represents decrease 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 | Decrease in Beneficial Interest in Assets Held by Others |
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