HISTORIC PARAMOUNT THEATRE INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
HISTORIC PARAMOUNT THEATRE INC (EIN 06-1672774)
Tax period
2025-04-01 to 2026-03-31
Filed
2026-09-23
IRS object ID
202642669349300114
Schema version
2025v4.0
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

FieldValueIRS element (for citing)
Return2026-09-23T10:05:48-04:00ReturnTs
Tax Period End2026-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN332632898PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERTS & MCGEE CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1104 PINE ST STE 408AddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061672774EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HISTORIC PARAMOUNT THEATRE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHISTBusinessNameControlTxt
Phone3256769620PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1352 CYPRESS STREETAddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNI TRIETSCHPersonNm
Person TitleCFO/ACTING EXEC. OFFPersonTitleTxt
Phone3256769620PhoneNum
Signature2026-09-22SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTACEY L MCGEE CPAPreparerPersonNm
PTINP00236663PTIN
Phone3257019502PhoneNum
Preparation2026-09-23PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJENNI TRIETSCHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1352 CYPRESS STREETAddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,995,473GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPARAMOUNTABILENE.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO MANAGE AND PROMOTE THE HISTORIC PARAMOUNT THEATRE TO BENEFIT THE CITIZENS OF ABILENE, TEXAS AND THE SURROUNDING AREA.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee59TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,011,420PYContributionsGrantsAmt
CY Contributions Grants$998,681CYContributionsGrantsAmt
PY Program Service Revenue$1,061,716PYProgramServiceRevenueAmt
CY Program Service Revenue$742,817CYProgramServiceRevenueAmt
PY Investment Income$2,586PYInvestmentIncomeAmt
CY Investment Income$1,553CYInvestmentIncomeAmt
PY Other Revenue$1,173PYOtherRevenueAmt
CY Other Revenue$173,372CYOtherRevenueAmt
PY Total Revenue$2,076,895PYTotalRevenueAmt
CY Total Revenue$1,916,423CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$645,703PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$673,278CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$28,276CYTotalFundraisingExpenseAmt
PY Other Expenses$935,226PYOtherExpensesAmt
CY Other Expenses$1,488,429CYOtherExpensesAmt
PY Total Expenses$1,580,929PYTotalExpensesAmt
CY Total Expenses$2,161,707CYTotalExpensesAmt
PY Revenues Less Expenses$495,966PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$245,284CYRevenuesLessExpensesAmt
Total Assets BOY$1,490,843TotalAssetsBOYAmt
Total Assets EOY$1,342,807TotalAssetsEOYAmt
Total Liabilities BOY$171,002TotalLiabilitiesBOYAmt
Total Liabilities EOY$234,839TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,319,841NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,107,968NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO MANAGE AND PROMOTE THE HISTORIC PARAMOUNT THEATRE TO BENEFIT THE CITIZENS OF ABILENE, TEXAS AND THE SURROUNDING AREA.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,861,437ExpenseAmt
Revenue$742,817RevenueAmt
DescIN 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; PARAMOUNT PRODUCTIONS; LIVE THEATRICAL EXPEREINCES 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 HOST A WIDE RANGE OF LOCAL AND REGIONAL ARTS AND EDUCATIONAL ORGANIZATIONS, INCLUDING ABILENE BALLET THEATRE, ABILENE OPERA ASSOCIATION, ABILENE COMMUNITY BAND, AND CELEBRATION SINGERS.Desc
Total Program Service Expenses$1,861,437TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee59EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJENNI TRIETSCHPersonNm
Phone3256769620PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1352 CYPRESS STREETAddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
GEORGE LEVESQUE
EXECUTIVE DI40.00Yes (X)$125,517$0$25,448
JENNI TRIETSCH
CFO/ACTING E40.00Yes (X)$1,673$0$1,334
JOE BILES
DIRECTOR1.00$0$0$0Yes (X)
PRESTON CURRY
DIRECTOR1.00$0$0$0Yes (X)
JEFF DUNCAN
TREASURER1.00Yes (X)$0$0$0Yes (X)
CASEY HATCHER
DIRECTOR1.00$0$0$0Yes (X)
MELODY HUNT
CHAIR1.00Yes (X)$0$0$0Yes (X)
JAY LESTER
DIRECTOR1.00$0$0$0Yes (X)
GABBY MALLET
DIRECTOR1.00$0$0$0Yes (X)
CHRIS MONTOYA
DIRECTOR1.00$0$0$0Yes (X)
AMANDA O'CONNOR
DIRECTOR1.00$0$0$0Yes (X)
OMAR ORTIZ
DIRECTOR1.00$0$0$0Yes (X)
SHELLY SANDERS
DIRECTOR1.00$0$0$0Yes (X)
KATELYN SCOTT
DIRECTOR1.00$0$0$0Yes (X)
AMANDA SMIDDY-SCHLAGEL
DIRECTOR1.00$0$0$0Yes (X)
STEVE STOVALL
PAST CHAIR1.00Yes (X)$0$0$0Yes (X)
RONALYN SUTPHEN
VICE CHAIR1.00Yes (X)$0$0$0Yes (X)
BOURDON WOOTEN
DIRECTOR1.00$0$0$0Yes (X)
MARK ZACHARY
SECRETARY1.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$127,190TotalReportableCompFromOrgAmt
Total Other Compensation$26,782TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$998,681AllOtherContributionsAmt
Total Contributions$998,681TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
THEATRE PRODUCTIONS711110$433,056$433,056
THEATRE RENTAL711110$261,305$261,305
MOVIE TICKET SALES711110$48,456$48,456
FieldValueIRS element (for citing)
Total Program Service Revenue$742,817TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,553TotalRevenueColumnAmt
Exclusion$1,553ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$223,746GrossSalesOfInventoryAmt
Cost Of Goods Sold$79,050CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$144,696TotalRevenueColumnAmt
Related Or Exempt Func Income$144,696RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business711110BusinessCd
Total Revenue Column$28,676TotalRevenueColumnAmt
Related Or Exempt Func Income$28,676RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$28,676OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,916,423TotalRevenueColumnAmt
Related Or Exempt Func Income$916,189RelatedOrExemptFuncIncomeAmt
Exclusion$1,553ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$148,637TotalAmt
Program Services$101,510ProgramServicesAmt
Management And General$40,783ManagementAndGeneralAmt
Fundraising$6,344FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$366,015TotalAmt
Program Services$308,356ProgramServicesAmt
Management And General$55,587ManagementAndGeneralAmt
Fundraising$2,072FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$19,838TotalAmt
Program Services$15,000ProgramServicesAmt
Management And General$4,449ManagementAndGeneralAmt
Fundraising$389FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$98,029TotalAmt
Program Services$74,125ProgramServicesAmt
Management And General$21,984ManagementAndGeneralAmt
Fundraising$1,920FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$40,759TotalAmt
Program Services$32,460ProgramServicesAmt
Management And General$7,632ManagementAndGeneralAmt
Fundraising$667FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,775TotalAmt
Management And General$13,775ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$14,620TotalAmt
Management And General$14,620ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$33,769TotalAmt
Program Services$16,885ProgramServicesAmt
Fundraising$16,884FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$40,278TotalAmt
Program Services$28,194ProgramServicesAmt
Management And General$12,084ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$178,000TotalAmt
Program Services$157,749ProgramServicesAmt
Management And General$20,251ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$11,774TotalAmt
Program Services$11,774ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$793,229TotalAmt
Program Services$775,251ProgramServicesAmt
Management And General$17,978ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$27,113TotalAmt
Program Services$24,131ProgramServicesAmt
Management And General$2,982ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EVENT AND MOVIE COSTS$288,682$288,682
BANK AND CREDIT CARD FEES$59,545$59,545
DUES AND SUBSCRIPTIONS$26,439$26,439
PARKING$1,080$756$324

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$125TotalAmt
Program Services$125ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,161,707TotalAmt
Program Services$1,861,437ProgramServicesAmt
Management And General$271,994ManagementAndGeneralAmt
Fundraising$28,276FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$208,492BOYAmt
EOY$226,227EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$19,265BOYAmt
EOY$18,458EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$24,470BOYAmt
EOY$28,425EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,227,650LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,552,435LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$895,314BOYAmt
EOY$675,215EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$343,302BOYAmt
EOY$394,482EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,490,843BOYAmt
EOY$1,342,807EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$45,092BOYAmt
EOY$35,002EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$13,500BOYAmt
EOY$60,526EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$112,410BOYAmt
EOY$139,311EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$171,002BOYAmt
EOY$234,839EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,172,495BOYAmt
EOY$886,954EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$147,346BOYAmt
EOY$221,014EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,319,841BOYAmt
EOY$1,107,968EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,490,843BOYAmt
EOY$1,342,807EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$245,284ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$33,411NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$683,245CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$569,153CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$459,995CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,011,420CurrentTaxYearMinus1YearAmt
Current Tax Year$998,681CurrentTaxYearAmt
Total$3,722,494TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$288,641CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$765,976CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,074,264CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,061,716CurrentTaxYearMinus1YearAmt
Current Tax Year$995,239CurrentTaxYearAmt
Total$4,185,836TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$971,886CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,335,129CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,534,259CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,073,136CurrentTaxYearMinus1YearAmt
Current Tax Year$1,993,920CurrentTaxYearAmt
Total$7,908,330TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$7,908,330PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$143CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,737CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,084CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,586CurrentTaxYearMinus1YearAmt
Current Tax Year$1,553CurrentTaxYearAmt
Total$10,103TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$143CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,737CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,084CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,586CurrentTaxYearMinus1YearAmt
Current Tax Year$1,553CurrentTaxYearAmt
Total$10,103TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$962CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,169CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,605CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,172CurrentTaxYearMinus1YearAmt
Current Tax Year$28,676CurrentTaxYearAmt
Total$34,584TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$972,991CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,338,035CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,540,948CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,076,894CurrentTaxYearMinus1YearAmt
Current Tax Year$2,024,149CurrentTaxYearAmt
Total$7,953,017TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99440PublicSupportCY509Pct
Public Support PY5090.99770PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1234,584
SUPPLEMENTAL INFORMATIONIN 2025, THE ORGANIZATION RECEIVED A 23,625 REFUND OF 2020 PAYROLL TAXES INCLUDED HERE. OTHER AMOUNTS FOR THE CURRENT AND PRIOR YEARS INCLUDE SMALL SALES OF CHRISTMAS ORNAMENTS TO SUPPORTERS OF THE THEATRE.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$18,431AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$232,514BeginningYearBalanceAmt
Investment Earnings Or Losses$36,335InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,929GrantsOrScholarshipsAmt
Administrative Expenses$2,924AdministrativeExpensesAmt
End Year Balance$257,996EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$229,866BeginningYearBalanceAmt
Investment Earnings Or Losses$13,106InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,050GrantsOrScholarshipsAmt
Administrative Expenses$2,408AdministrativeExpensesAmt
End Year Balance$232,514EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$220,629BeginningYearBalanceAmt
Investment Earnings Or Losses$23,430InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,341GrantsOrScholarshipsAmt
Administrative Expenses$1,852AdministrativeExpensesAmt
End Year Balance$229,866EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$203,470BeginningYearBalanceAmt
Contributions$25,300ContributionsAmt
Investment Earnings Or Losses-$6,298InvestmentEarningsOrLossesAmt
Administrative Expenses$1,843AdministrativeExpensesAmt
End Year Balance$220,629EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$146,079BeginningYearBalanceAmt
Contributions$55,150ContributionsAmt
Investment Earnings Or Losses$3,970InvestmentEarningsOrLossesAmt
Administrative Expenses$1,723AdministrativeExpensesAmt
End Year Balance$203,476EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.97700BoardDesignatedBalanceEOYPct
Term Endowment Balance EOY0.02300TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,355,413InvestmentCostOrOtherBasisAmt
Depreciation$1,079,903DepreciationAmt
Book Value$275,510BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$853,806InvestmentCostOrOtherBasisAmt
Depreciation$472,532DepreciationAmt
Book Value$381,274BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$18,431InvestmentCostOrOtherBasisAmt
Book Value$18,431BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$675,215TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
BEN. INT. IN ASSETS HELD BY OTHERS$257,996
OPERATING RIGHT OF USE LEASE ASSET$135,486
OTHER ASSET$1,000
FieldValueIRS element (for citing)
Total Book Value Other Assets$394,482TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASE LIABILITYDesc
Amt$139,311Amt
FieldValueIRS element (for citing)
Total Liability$139,311TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,028,884TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$33,411NetUnrealizedGainsInvstAmt
Other Revenue$79,050OtherRevenueAmt
Revenue Not Reported$112,461RevenueNotReportedAmt
Revenue Subtotal$1,916,423RevenueSubtotalAmt
Total Revenue Per Form990$1,916,423TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,240,757TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$79,050OtherExpensesIncludedAmt
Expenses Not Reported$79,050ExpensesNotReportedAmt
Expenses Subtotal$2,161,707ExpensesSubtotalAmt
Total Expenses Per Form990$2,161,707TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4ENDOWMENT FUNDS ARE ESTABLISHED TO PROVIDE FUNDING FOR THE PARAMOUNT'S OPERATIONS.
SCHEDULE D, PAGE 3, PART XTHE PARAMOUNT IS A NONPROFIT PUBLICLY SUPPORTED ORGANIZATION, AS DEFINED IN SECION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECITON 501(A) OF THE IRC. FOR THE YEAR ENDED MARCH 31, 2026, THE PARAMOUNT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS; THEREFORE, NO TAX PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN REPORTED.
SCHEDULE D, PAGE 4, PART XI, LINE 2DCONCESSION STAND EXPENSES 79,050
SCHEDULE D, PAGE 4, PART XII, LINE 2DCONCENSSION STAND EXPENSES 79,050

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGEORGE LEVESQUEPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$125,517BaseCompensationFilingOrgAmt
Nontaxable Benefits Filing Org$25,448NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$150,965TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CBOARD MEMBERS ARE REQUIRED TO SUBMIT A SIGNED CONFLICT OF INTEREST STATEMENT TO BE REVIEWED ANNUALLY FOR POTENTIAL CONFLICTS.
FORM 990, PAGE 6, PART VI, LINE 15AEXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. REASONABLE FEES MAY BE CHARGED FOR PROVIDING NON-ELECTRIC PRINTED COPIES.
FORM 990, PART XI, LINE 9CONCESSION STAND EXPENSES 79,050 CONCENSSION STAND EXPENSES -79,050

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationDUE TO A CHANGE IN THE LEADERSHIP OF THE ORGANIZATION, THE TAX RETURN WAS NOT FILED TIMELY AND AN EXTENSION WAS NOT PREPARED BY THE ORIGINAL DUE DATE. THE HISTORIC PARAMOUNT THEATRE TAKES SERIOUSLY THEIR RESPONSIBILITY TO TIMELY FILE ALL REQUIRED IRS FILINGS AND HAS AN EXCELLENT RECORD OF TIMELY FILING IN THE PAST. THIS WAS A ONE-TIME OVERSIGHT DUE TO THE CHANGE IN LEADERSHIP WITH THE ENTITY. WE WILL ENSURE IN THE FUTURE THAT ALL REQUIRED FILINGS ARE TIMELY FILED. THE HISTORIC PARAMOUNT THEATRE IS A SMALL ENTITY THAT WORLS HARD TO USE EVERY DOLLAR FOR THE BENEFIT OF THE ENTITY'S EXEMPT PURPOSE. WE RESPECTFULLY REQUEST THAT ANY ASSESSED PENALTY BE ABATED FOR REASONABLE CAUSE. THANK YOU FOR YOUR CONSIDERATION.ExplanationTxt

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