Civic Intelligence

The Paramount Theater of Charlottesville Inc

990 • Fiscal year 2024 • EIN 20-1562018

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 17, 2025

215 E Main StreetCharlottesville, VA 22902

(434) 979-1922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.38x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 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.

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

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

2024 filings • 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.

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

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

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

Assets

Up

$2,239,121

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

Net Assets

Up

$1,389,305

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

Liabilities

Up

$849,816

Up $165,311 (+24%) 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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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 across loaded years, with this 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
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 17, 2025
Return Version
2023v6.0
Gross Receipts
$3,795,661
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$1,380,723$1,917,051▲ $536,328
Land, Buildings, and Equipment, Net$159,697$167,667▲ $7,970
Prepaid Expenses and Deferred Charges$61,430$60,687▼ $743
Accounts Receivable$223,238$50,240▼ $172,998
Pledges and Grants Receivable$36,641$29,082▼ $7,559
Inventories for Sale or Use$15,919$14,394▼ $1,525
Total Assets$1,877,648$2,239,121▲ $361,473
Liabilities
Deferred Revenue$575,681$556,753▼ $18,928
Accounts Payable and Accrued Expenses$101,513$269,010▲ $167,497
Other Liabilities$7,311$24,053▲ $16,742
Total Liabilities$684,505$849,816▲ $165,311
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,193,143$1,389,305▲ $196,162
Total Net Assets Fund Balance$1,193,143$1,389,305▲ $196,162
Total Liabilities and Net Assets / Fund Balance$1,877,648$2,239,121▲ $361,473

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$167,667$317,994$485,661
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie a MontrossExecutive DiPT$107,078$26,770$133,848
Taylor L CashwellDirector ofPT$67,119$16,780$83,899

Board Members and Trustees

NameTitle
Sterling FrankChair
Adrienne WoodardDirector
Barbara SiegDirector
Chris HoldenDirector
Craig LittlepageDirector
David T GiesDirector
Donna PlasketDirector
Gary TaylorDirector
Jackie BradleyDirector
John PritzlaffDirector
John SteeleDirector
Ken ShevlinDirector
Mark HahnDirector
Mary DaltonDirector
Mj Abbitt-sushkaDirector
Quinton HarrellDirector
Sam UppalaDirector
Sherri MooreDirector
Carolyn RaineyImmediate Pa
Amanda JonesMember-at-la
Carla HallmanMember-at-la
Lorenzo DickersonMember-at-la
Pamela EdmondsMember-at-la
Patti CarySecretary
Dave PaulsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,271,052
Program Service Revenue
$2,432,786
Investment Income
$53,808
Other Revenue
$-14,092
All Other Contributions
$1,022,157
Change in Net Assets
$196,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,743,554
Revenue Not Reported on Form 990
$44,020
Total Revenue per Audited Statements
$3,787,574
Total Revenue per Form 990
$3,743,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,863,478
Salaries, Compensation, and Employee Benefits$1,683,914
Total Fundraising Expense$340,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$863,891$79,916$189,800$1,133,607
Current Officers, Directors, Trustees, and Key Employees$158,955$17,420$41,372$217,747
Occupancy$214,219--$214,219
Other Employee Benefits$134,692$14,761$35,057$184,510
Payroll Taxes$76,046$8,334$19,793$104,173
Pension Plan Contributions$32,030$3,510$8,337$43,877
Office Expenses$41,581-$1,477$43,058
Depreciation Depletion$24,103-$694$24,797
Fees for Services Accounting$20,811--$20,811
Other Expenses$17,739$19$83$17,739
Information Technology$14,151--$14,151
Conferences and Meetings$13,754-$21$13,775
Fees for Services Other$12,441-$202$12,643
Insurance$9,826--$9,826
All Other Expenses$-1,402--$-1,402
Total Functional Expenses$3,083,201$123,960$340,231$3,547,392

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,591,412
Expenses per Audited Statements$3,547,392
Total Expenses per Form 990$3,547,392
Expenses Not Reported on Form 990$44,020
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,107
Fundraising Gross Income$17,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$187,670$17,375$52,107$-34,732
Total Events$187,670$17,375$52,107$-34,732
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$24,053
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 1A

Authority delegated to committee explanation the executive committee shall have and exercise the authority of the board to act on behalf of the paramount in any matter permitted by law whenever the board is not in session.

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 finanace 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
Dave Paulson
Title
Treasurer
Phone
4349791922
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie a Montross
Formed
2004
Legal Domicile
Va
Voting Board Members
25
Independent Board Members
25
Employees
40
Volunteers
169

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. From july 2023 to june 2024, it hosted 282 events with 106,387 total attendees. Since it re-opened in 2004, the paramount has welcomed more than 1.5 million visitors to thousands of events including live performances, movies, hd screenings and broadcasts, guided historic tours, meetings, and free community events. The 93-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 and reflects diverse cultures and races, and we hold steadfast to our mission of ensuring access for all area youth. Students from all schools, income levels, and backgrounds come together at the paramount, uniquely bridging a broad spectrum of participants to share in a common experience. Our programming can include q&a with performers, in-school workshops, masterclasses, multi-day artist residencies, and collaborative opportunities with local artists. All programming aligns with virginia standards of learning as well as social emotional learning standards and includes study guides. The 2023 -24 arts education season presented 12 live educational performances to 9,687 students and educators from area public, private, and home school groups. All participating students and teachers received subsidized ticket pricing, with 2,119 students receiving free admission based on their eligibility for the federal free and reduced public school meals program. The feedback from educators and students about these arts education experiences is overwhelmingly positive and appreciative, from the educational value and diverse content to the level of quality and artistry with each production. Post performance surveys were completed by 100 teachers and over 200 handwritten thank you letters and artwork from students were joyfully received. Financial assistance ensures all students can experience field trips to the paramount, which are a big highlight for teachers and students - and for many on show days, become "the best days ever" "one of my students said at the end of the show 'i love the paramount theater' this is a student who has never been to the theater and does not have the means to be able to come on her own. The donors provided this opportunity for her. Another student said, 'this is the best day of my life' this experience provided our students with background knowledge and memories they will take with them for a lifetime" 4th grade teacher, johnson elementary school "thank you for an incredible experience of musical enlightenment and cultural exchange with drum tao. Our entire 5th grade student body attended this event, and it was everything an arts field experience should be and more. The generous financial assistance that was provided enabled us to fulfill our mission of exposing students to live performance of such high caliber and relevance to their lives. This experience was profound and will be remembered by our students beyond their time at walker school. We thank you." aaron eichorst, fine & performing arts coordinator, charlottesville city schools "trips to the paramount are a highlight for students and teachers each year. Everything is always so perfect thank you for providing financial aid to title one schools. Our kids learned a lot and it was perfect with our unit on geography. The sign language and mixture of english and spanish was so great the crowd interaction and multiple learning modalities kept their engagement the entire time and they were actually disappointed when it was over." 2nd grade teacher, greer elementary school

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

Community access: the mary p. Reese community access fund (mprcaf) was established to ensure all members of our community have access to the arts. The paramount theater partners with dozens of area agencies and nonprofit groups such as big brothers big sisters, boys & girls club of central virginia, community attention foster families, habitat for humanity, innisfree, international neighbors, irc, paraderest, readykids, the women's initiative, as well as school groups and many other community organizations to offer complimentary tickets to all paramount presented events. This fiscal year, 624 community members from 54 nonprofits received complimentary tickets to 87 events. In addition, 32 local nonprofit organizations hosted a wide range of performances, speakers, and fundraising events at the paramount theater, subsidized by the mprcaf, and further supported by thousands of event attendees. Among these groups were the virginia film festival, festival of the book, light house studio, literacy volunteers, charlottesville ballet, charlottesville band, charlottsville chamber music festival, charlottesville opera, uva's office for diversity, equity, and inclusion, and many more. The mprcaf also helps make it possible to host free community events each year, including movie screenings, historical theater tours, and live sporting events on the big screen; and to ensure an accessible environment with open captioning, interpreters, and sensory- friendly programming. During this period, we welcomed 1,195 members of our community and beyond for 37 free events. The paramount theater's dedication to expanding and deepening engagement with all pockets of the community is unwavering through the mprcaf. We received heartwarming feedback from participating community partners to share its impact: "we thank the paramount for donating these community outreach tickets to our veteran community. We had such a magnificent time at the event the generosity of the paramount and its genuine care for all pockets of our community is greatly appreciated" community access ticket recipient, paraderest "we love having the paramount as a community partner and are always excited about your offerings to our matches thank you for this partnership and opportunity to work together to strengthen community." executive director, big brothers big sisters of the central blue ridge "thank you for your continued generosity and everything you do for the community and for georgia's friends what you all are doing has such a huge impact on our residents. It is such a fantastic resource for us to offer our residents - knowing they have a "safe" space to utilize where they can feel a bit of normalcy and not have to worry about triggers is such a relief. We truly appreciate your kindness and generosity and our continued partnership with the paramount." community access liaison, georgia's friends "a very big thank you for believing in this concert and making it happen it was a tremendous event for classical music in charlottesville and sitting in the main hall for the second half i saw so many elated audience members. So many came up to thank me, so i want to thank you so much and for all that you do to support and uplift our community through the arts and access to it" raphael bell, co-founder & co-artistic director, charlottesville chamber music festival

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-AT-LA
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER-AT-LA
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER-AT-LA
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER-AT-LA
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR OF
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IRS990/MissionDesc0THE 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.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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