The Paramount Theater of Charlottesville Inc

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

“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.”

“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.”

“No staff members are officers of the organization. The aggregate budget for all staff salaries is approved by the board of directors.”

“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.”

“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.”

“Community access: the mary reese community access fund was established to ensure that all members of our community have access to the arts this fund allows us to provide outreach and scholarships to students and members of our community, offer discounted rates for space rentals to nonprofit organizations, and host free events for the public. Throughout the 2018-2019 year, the paramount also welcomed 1,381 community members from more than 70 non- profits with complimentary tickets to 77 events nearly 38 local nonprofit organizations hosted performances, speakers, and events that were supported by thousands of event attendees. The community access program also helps support the paramount in opening its doors for select events at no charge to the public. In 2018 - 2019, the paramount hosted 51 free community events such free community events that give back to the public and connect our community serve as an integral part of the theater's mission. In addition to the performances noted, the paramount theater provided 30 historical tours of the building, which over 235 participants enjoyed free of charge. Additionally, the paramount continued to offer a full season of the metropolitan opera live in hd series, other educational screenings, many free community events, and other live broadcast events of community significance. Approximately 50 local nonprofit organizations presented a wide range of performing arts, educational, civic and fundraising events at the theater at a discounted rental rate. In addition to its own events and those of its renters, the paramount is an economic generator, bringing vital dining and retail traffic to charlottesville's downtown pedestrian mall. In a recent 2017 americans for the arts study, it was calculated that patrons of the paramount, on average, spend an additional 30 above the cost of each ticket on food, travel, lodging, etc. With approximately 100,000+ patrons annually, this translates to a local impact of 3+ million in local spending. The estimated total spending by cultural audiences in charlottesville is 61 million per year, meaning the paramount accounts for 5% of annual local spending.”

“In 2019, the paramount theater of charlottesville, inc. And affiliate restated beginning net assets to record health insurance reimbursement and credit card fees in the proper period.”