Historic Paramount Theatre Inc

Organization Overview

Historic Paramount Theatre Inc is located in Abilene, TX. The organization was established in 2003. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Historic Paramount Theatre Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Paramount Theatre Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Historic Paramount Theatre Inc generated $973.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $751.1k during the year ending 03/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION IS TO MANAGE AND PRESERVE THE HISTORIC PARAMOUNT THEATRE SO THAT IT MIGHT BENEFIT THE CITIZENS OF ABILENE AND THE SURROUNDING AREAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGE AND PRESERVE THE HISTORIC PARAMOUNT THEATRE SO THAT IT MIGHT


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Board, Officers & Key Employees

Name (title)Compensation
G Levesque
Ex Director
$86,088
M Mercer
Chair
$0
L Doty
Chair Elect
$0
J Duncan
Treasurer
$0
O Ortiz
Secretary
$0
S Lamb
Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $183,505
All other contributions, gifts, grants, and similar amounts not included above$499,740
Noncash contributions included in lines 1a–1f $7,000
Total Revenue from Contributions, Gifts, Grants & Similar$683,245
Total Program Service Revenue$288,641
Investment income $143
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $972,991

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Historic Paramount Theatre Inc has recieved totaling $59,796.

Awarding OrganizationAmount
The Robison Excelsior Foundation

Abilene, TX

PURPOSE: CHARITABLE

$35,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$19,796
Guitar Family Foundation

Abilene, TX

PURPOSE: FILM SERIES SPONSORSHIP

$4,000
Barber Foundation

Abilene, TX

PURPOSE: SUPPORT FOR OPERATIONS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$146,079
Earnings$3,970
Admin Expense$1,729
Net Contributions$55,150
Ending Balance$203,470

Peer Organizations

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