Civic Intelligence

The Paramount Theater of Charlottesville Inc

EIN 20-1562018 • 501(c)3 • Charlottesville, VA

Profile

The mission of the paramount theater of charlottesville, inc. Is to operate the restored historic paramount theater, located in downtown charlottesville, va for the artistic, educational, and charitable benefit of its community, including the entire central virginia.

215 E Main StreetCharlottesville, VA 22902

www.theparamount.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.38x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.23x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$133,848

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,239,121

Up $361,473 (+19%) from 2023

Liabilities

Up

$849,816

Up $165,311 (+24%) from 2023

Net Assets

Up

$1,389,305

Up $196,162 (+16%) from 2023

Revenue

Up

$3,743,554

Up $353,130 (+10%) from 2023

Expenses

Down

$3,547,392

Down $408,202 (-10%) from 2023

Net Income

Up

$196,162

Up $761,332 (+135%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $250,957Liabilities 2011: $733,426Net Assets 2011: -$482,4692011Assets 2012: $298,369Liabilities 2012: $612,100Net Assets 2012: -$313,7312012Assets 2013: $469,484Liabilities 2013: $713,488Net Assets 2013: -$244,0042013Assets 2014: $386,893Liabilities 2014: $203,692Net Assets 2014: $183,2012014Assets 2015: $419,544Liabilities 2015: $340,095Net Assets 2015: $79,4492015Assets 2016: $492,068Liabilities 2016: $416,603Net Assets 2016: $75,4652016Assets 2017: $592,658Liabilities 2017: $354,755Net Assets 2017: $237,9032017Assets 2018: $758,915Liabilities 2018: $387,369Net Assets 2018: $371,5462018Assets 2019: $1,007,860Liabilities 2019: $580,622Net Assets 2019: $427,2382019Assets 2020: $857,167Liabilities 2020: $673,107Net Assets 2020: $184,0602020Assets 2021: $1,595,025Liabilities 2021: $1,009,201Net Assets 2021: $585,8242021Assets 2022: $2,248,840Liabilities 2022: $464,579Net Assets 2022: $1,784,2612022Assets 2023: $1,877,648Liabilities 2023: $684,505Net Assets 2023: $1,193,1432023Assets 2024: $2,239,121Liabilities 2024: $849,816Net Assets 2024: $1,389,3052024

Highlighted filing

2024

Assets$2,239,121
Liabilities$849,816
Net Assets$1,389,305

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,170,6562011Expenses 2012: $1,721,7902012Expenses 2013: $2,248,9762013Revenue 2014: $2,585,057Expenses 2014: $2,157,852Net Income 2014: $427,2052014Revenue 2015: $2,547,146Expenses 2015: $2,575,217Net Income 2015: -$28,0712015Revenue 2016: $2,337,660Expenses 2016: $2,341,644Net Income 2016: -$3,9842016Revenue 2017: $2,706,675Expenses 2017: $2,544,237Net Income 2017: $162,4382017Revenue 2018: $2,790,113Expenses 2018: $2,656,470Net Income 2018: $133,6432018Revenue 2019: $2,633,216Expenses 2019: $2,590,199Net Income 2019: $43,0172019Revenue 2020: $3,225,051Expenses 2020: $3,468,229Net Income 2020: -$243,1782020Revenue 2021: $1,967,019Expenses 2021: $1,565,255Net Income 2021: $401,7642021Revenue 2022: $3,822,333Expenses 2022: $2,623,896Net Income 2022: $1,198,4372022Revenue 2023: $3,390,424Expenses 2023: $3,955,594Net Income 2023: -$565,1702023Revenue 2024: $3,743,554Expenses 2024: $3,547,392Net Income 2024: $196,1622024

Highlighted filing

2024

Revenue$3,743,554
Expenses$3,547,392
Net Income$196,162

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.85$1.39$3.74$3.55$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.68$1.19$3.39$3.96$0.57
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.46$1.78$3.82$2.62$1.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$1.01$0.59$1.97$1.57$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.67$0.18$3.23$3.47$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.58$0.43$2.63$2.59$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.39$0.37$2.79$2.66$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.35$0.24$2.71$2.54$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.42$0.08$2.34$2.34$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.34$0.08$2.55$2.58$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.20$0.18$2.59$2.16$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.71$0.24$2.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.61$0.31$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.73$0.48$2.17
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 28, 2023
Return Version
2021v4.0
Gross Receipts
$3,898,691
Mission and Program Overview

Mission

The mission of the paramount theater of charlottesville, inc. Is to operate the restored historic paramount theater, located in downtown charlottesville, va for the artistic, educational, and charitable benefit of its community, including the entire central virginia area.

The mission of the historic nonprofit paramount theater is to educate, enchant, enrich, and enlighten through the power of the arts by providing high-quality programming and accessibility for the artistic and charitable benefit of our entire community while driving economic vitality for charlottesville, albemarle, and the central virginia region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,234,657$1,934,141▲ $699,484
Land, Buildings, and Equipment, Net$189,367$175,402▼ $13,965
Accounts Receivable$27,151$42,917▲ $15,766
Prepaid Expenses and Deferred Charges$111,456$37,022▼ $74,434
Pledges and Grants Receivable$15,037$36,903▲ $21,866
Inventories for Sale or Use$17,357$22,455▲ $5,098
Total Assets$1,595,025$2,248,840▲ $653,815
Liabilities
Unsecured Notes Loans Payable$323,900--
Deferred Revenue$434,070$311,215▼ $122,855
Accounts Payable and Accrued Expenses$115,219$122,996▲ $7,777
Other Liabilities$136,012$30,368▼ $105,644
Total Liabilities$1,009,201$464,579▼ $544,622
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$582,574$1,784,261▲ $1,201,687
Net Assets With Donor Restrictions$3,250--
Total Net Assets Fund Balance$585,824$1,784,261▲ $1,198,437
Total Liabilities and Net Assets / Fund Balance$1,595,025$2,248,840▲ $653,815

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,402$271,902$447,304
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Christine S EureExecutive Di$100,361$25,090$125,451
Laura WilsonDirector of$95,734$23,933$119,667
Taylor L CashwellDirector of$66,997$16,749$83,746

Board Members and Trustees

NameTitle
Carolyn RaineyChair
Adrienne WoodardDirector
Amanda JonesDirector
Barbara SiegDirector
Cecile ForteDirector
Chris HoldenDirector
Craig LittlepageDirector
Elizabeth LevacaDirector
Elsie ThompsonDirector
Gary TaylorDirector
Greg GrahamDirector
Jackie BradleyDirector
John PritzlaffDirector
John SteeleDirector
Katie HenryDirector
Lynn BrownDirector
Mj Abbitt-sushkaDirector
Rob JiranekDirector
Sheldon AndersonDirector
Sherri MooreDirector
Sterling H FrankDirector
Will TrinkleDirector
Julie a MontrossExecutive Di
David T GiesImmediate Pa
Laurie TurnerMember-at-la
Pamela EdmondsMember-at-la
Kenneth ShevlinSecretary
Cary TurnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,616,616
Program Service Revenue
$1,225,499
Investment Income
$651
Other Revenue
$-20,433
All Other Contributions
$963,764
Change in Net Assets
$1,198,437

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,822,333
Total Revenue per Audited Statements
$3,822,333
Total Revenue per Form 990
$3,822,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,343,078
Salaries, Compensation, and Employee Benefits$1,280,818
Total Fundraising Expense$324,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,648$63,608$157,056$808,312
Current Officers, Directors, Trustees, and Key Employees$152,726$16,569$39,903$209,198
Occupancy$153,161$15,648$19,112$187,921
Other Employee Benefits$113,563$20,919$20,828$155,310
Payroll Taxes$56,717$6,141$14,720$77,578
Office Expenses$13,446$1,227$22,887$37,560
Pension Plan Contributions$24,336$2,738$3,346$30,420
Other Expenses$25,290$130$30,971$25,290
Depreciation Depletion$18,190$893$2,623$21,706
Information Technology$16,279$881$1,077$18,237
Fees for Services Accounting$12,546$1,158$1,415$15,119
Insurance$6,334$664$811$7,809
Conferences and Meetings$4,913$289$392$5,594
Fees for Services Other$3,761$7-$3,768
All Other Expenses$-11,839$97$119$-11,623
Total Functional Expenses$2,164,071$135,380$324,445$2,623,896

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,623,896
Total Expenses per Audited Statements$2,623,896
Total Expenses per Form 990$2,623,896
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,358
Fundraising Gross Income$43,015
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Grand Marquee G$262,814$43,015-$43,015
Total Events$262,814$43,015$76,358$-33,343
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Paramount Foundation$30,368
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 will be reviewed by members of the executive committee before filing.

Form 990, Page 6, Part VI, Line 12C

Directors are required to review and sign an annual conflict of interest statement. Also, all employees must sign the conflict of interest policy upon hiring.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is established in position's compensation package, executed upon the hire date of the executive director. Any changes made to the executive director's salary require review and recommendation by the board chair, and are subsequently considered and voted on by the full board through the budget approval process.

Form 990, Page 6, Part VI, Line 15B

The aggregate budget for all staff salaries is approved by the board of directors. The salary for the director of finance is included with, and follows the same compensation process as, all other staff.

Form 990, Page 6, Part VI, Line 19

The paramount makes its governing documents and conflict of interest policy available to the public upon request. Its form 990 is made available to the public upon request and on guidestar's website.

Filing and Contact Details

Filer

Filer Name
The Paramount Theater of
EIN
20-1562018
Phone
4349791922
Address
215 E MAIN STREET, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Julie a Montross
Title
Executive Director
Phone
4349791922
Signed
2023-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie a Montross
Formed
2004
Legal Domicile
Va
Voting Board Members
28
Independent Board Members
28
Employees
30
Volunteers
170

Preparer

Firm
Robinson Farmer Cox Associates
Address
530 WESTFIELD RD, CHARLOTTESVILLE, VA 22901-1726
Preparer
Michael E Lupton
Phone
4349738314
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the historic nonprofit paramount theater is to educate, enchant, enrich, and enlighten through the power of the arts by providing high-quality programming and accessibility for the artistic and charitable benefit of our entire community while driving economic vitality for charlottesville, albemarle, and the central virginia region.

Form 990, Page 2, Part III, Line 4A

Theater/production: the paramount theater of charlottesville, virginia is a nonprofit performing arts center dedicated to presenting a wide range of education, arts, civic and entertainment events for diverse community audiences in the restored historic paramount theater. Since it re-opened in 2004, the paramount has welcomed more than 1.3 million visitors to thousands of events including live performances, movies, high-definition screenings and broadcasts, guided historic tours, meetings, and free community events. The paramount has seen a great increase of attendees since the covid-19 pandemic has waned. We have not seen a complete recovery resembling the numbers from fiscal 2019, but the theater is on track to host over 250 events with more than 75,000 total attendees this season. The 91-year-old historic paramount theater continues to serve as "charlottesville's living room," as the theater's staff and board are committed to providing safe and diverse entertainment for all guests, staff, and volunteers as it continues to serve as a beacon of inspiration to the entire local and visiting community.

Form 990, Page 2, Part III, Line 4B

Arts education: the arts education program presents school-day educational performances for students in grades pre-k through 12 from central virginia to experience live performing arts in the historic paramount theater. We are committed to offering programming that is artistically rich, social emotional relevant, and reflects diverse cultures and races, and we hold steadfast to our goal to ensure access for all area youth. Programming often includes master classes, pre-show lectures, artist q&a sessions, and in-school workshops with guest artists to deepen the overall experience. All programming connects to virginia standards of learning as well as social emotional learning standards and includes study guides. While the pandemic prevented the paramount from welcoming our school communities in person during 2021- 22 to experience live arts education performances, we remained committed to keeping the arts and magic alive in the hearts and minds of our school age audience members through high quality and accessible arts education experiences. We were excited to continue sharing with educators and school communities a robust curated collection of arts education virtual resources. This included artistic and educational innovations of artists and partner organizations who have graced our very own stage and "virtually" opening doors to experiencing music, theater, dance, and more. There were opportunities for live engagement with artists through q&a's and workshops to enhance and enrich classroom learning, whether remote or in- person, in meaningful and accessible ways. Finally, our summer youth theater residency returned in june 2022 after a two-year hiatus due to the pandemic. This week-long theater residency brings two professional teaching artists to collaborate with dozens of local students (ages 6 - 16) in mounting and performing a full-scale musical production on the paramount's stage, for all the community to enjoy.

Form 990, Page 2, Part III, Line 4C

Community access: the mary p. Reese community access fund (mprcaf) was established to ensure that all members of our community have access to the arts in the historic paramount theater. Each year, the paramount partners with more than 70 area agencies and nonprofit groups such as alzheimer's association, big brothers big sisters, boys and girls club, georgia's friends, international neighbors, united way readykids, as well as school groups and many other community organizations to offer complimentary tickets to all paramount- presented events. In addition, the mprcaf provides nonprofit organizations with the ability to utilize theater space at a discounted rate. Each year dozens of local nonprofit organizations host performances, speakers, and events to further their respective missions. Among these groups are the virginia film festival, festival of the book, light house studio, literacy volunteers, charlottesville band, charlottesville opera, uva's office for diversity, equity, and inclusion, and many more. The mprcaf also makes it possible to host free community events each year, such as uva sporting events, historic tours, or community appreciation events honoring local educators or peer not for profit organizations. Lastly, the mprcaf helps ensure an accessible environment with open captioning, interpreters, and sensory-friendly programming. Despite covid and its implications during 2021-22, our mission to educate, enchant, enrich, and enlighten was unwavering through our community access program, and we received truly heartwarming feedback from participating community partners to tell us so: "the paramount has been so good to all of us, through thick and thin you have helped to make our lives normal again, whenever that may be. We are grateful." - community partner liaison, thomas jefferson adult & career education (tjace@pvcc). "thank you so much for continuously sharing these opportunities and opening the doors of the paramount to the residents of georgia's friends and to so many other organizations trying to make a difference. We are so incredibly grateful for your kindness and generosity" - community partner liaison, georgia's friends, inc.

Raw XML AppendixShowing 400 of 635 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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