Civic Intelligence

Paramount Hudson Valley Arts Inc

990EZ • Fiscal year 2017 • EIN 46-4031449

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

1008 Brown StreetPeekskill, NY 10566

(914) 649-5606

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

77th percentile

$6,700

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

119%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$12,244

Up $1,233 (+11%) from 2016

Net Assets

Up

$12,244

Up $1,233 (+11%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$46,543

Up $25,259 (+119%) from 2016

Expenses

Up

$43,252

Up $30,796 (+247%) from 2016

Net Income

Down

$3,291

Down $5,537 (-63%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $11,011Net Assets 2016: $11,0112016Assets 2017: $12,244Liabilities 2017: $0Net Assets 2017: $12,2442017Assets 2018: $25,122Liabilities 2018: $54Net Assets 2018: $25,0682018Assets 2019: $305,460Liabilities 2019: $55,385Net Assets 2019: $250,0752019Assets 2020: $273,277Liabilities 2020: $10,729Net Assets 2020: $262,5482020Assets 2021: $805,349Liabilities 2021: $12,288Net Assets 2021: $793,0612021Assets 2022: $860,892Liabilities 2022: $171,502Net Assets 2022: $689,3902022Assets 2023: $1,156,028Liabilities 2023: $449,784Net Assets 2023: $706,2442023Assets 2024: $1,308,915Liabilities 2024: $496,051Net Assets 2024: $812,8642024

Highlighted filing

2017

Assets$12,244
Liabilities$0
Net Assets$12,244

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $21,284Expenses 2016: $12,456Net Income 2016: $8,8282016Revenue 2017: $46,543Expenses 2017: $43,252Net Income 2017: $3,2912017Revenue 2018: $215,316Expenses 2018: $202,492Net Income 2018: $12,8242018Revenue 2019: $872,875Expenses 2019: $647,868Net Income 2019: $225,0072019Revenue 2020: $308,310Expenses 2020: $295,837Net Income 2020: $12,4732020Revenue 2021: $1,209,226Expenses 2021: $678,713Net Income 2021: $530,5132021Revenue 2022: $1,354,967Expenses 2022: $1,458,638Net Income 2022: -$103,6712022Revenue 2023: $2,163,008Expenses 2023: $2,122,884Net Income 2023: $40,1242023Revenue 2024: $3,384,033Expenses 2024: $3,277,328Net Income 2024: $106,7052024

Highlighted filing

2017

Revenue$46,543
Expenses$43,252
Net Income$3,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$46,543
Mission and Program Overview

Mission

Paramount hudson valley arts (phva)'s mission is to provide quality performing arts and arts education programs to the diverse and under-served community of peekskill and northern westchester county. We endeavor to establish accessible and professional arts programming in theater, film, music, and fine arts for schools, universities, centers for seniors, and health programs. We provide internships, technical training, theater related workshops, master classes, and seminars in art administration. We sponsor, produce, present, promote, and collaborate in the presentation of music concerts, plays, art exhibitions, and special events to benefit the community and regional social welfare of peekskill, northern westchester, putnam, rockland, orange, and dutchess counties.

The Corporation is organized exclusively for charitable, religious, education and scientific purposes to provide diverse programs for cultural enrichment and arts-in-education through the performing arts for the benefit of the communities in and adjacent to northern Westchester and southern Putnam Counties in New York State. A significant portion of such activities will be conducted at the Paramount Hudson Valley Theater in Peekskill, New York (the "Paramount"). The Paramount has a longstanding tradition of serving schools and the community with quality performances. The Corporation will utilize this tradition and enhance educational programming, partnering with schools and organizations to serve the diverse community. Programming will include workshops, master classes and talkbacks as well as main stage productions of theater, dance and music.

Program Services

DescriptionGrantsExpenses
Louie Lanza family foundation grant : Given to PHVA for children's programming and education: 6000 kids came through the Paramount from May through November for 5 productions as listed:Ralph's World. Dirty Socks, Imagination Movers, Charlottes Web, Tim and the Space Cadets: Each show brought in 450 to 1100 kids from local schools which included Peekskill middle and High School, Van Cort Elementary School, Peekskill Elementary, Boces programs throughout Dutchess, Putnam and Westchester Counties. In addition to the formal DOE schools we brought in ( sought out ) other low income low performance schools in the Northern Westchester area. All shows were simple and extremely entertaining musical performances. ( suitable for all ages between 3-12 years of age.$25,000$25,000
Entergy Grant: General operations grant and was used for some theatre rental and payroll for administration fees. It also paid for Shakespeare in the schools and then a full production of "Comedy of Errors" done by Hudson Valley Shakespeare whereby they sent 4 teachers / actors into 4 schools : Peekskill HS, Middle School, Van Court Elementary and Yorktown. The artists would give tutorials to the kids about language, historical context and narrative descriptions. Upon completion of these visits the fuller production would be the end-goal. All students were invited to visit the theatre for the full scale production. Not only was Shakespeare entirely accessible but was also given a current context for the show.$10,000$2,930
Pat Cohler is a donation to our org. for supplemental programming having to do with artists fee for service ( ie. The underground Railroad and Harriet Tubman done by Virginia Rep ( cost $3700) In all cases we either did the shows for free or a token payment of less than $5.$4,000$6,521
NYSCA grant : Was used to underwrite a commission of an adaptation for the stage of "Native Son" After the play was written we brought in a resident theatre company to workshop the production ( Esperance Theatre Company) After rehearsals and rewrites we performed a staged reading of the piece as a backer's audition and exposure for live audience, and possibly to move it to Broadway. All seating was on the stage and interactive presentation was well received/It played for three such performances and was rewritten three times .$2,000$3,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ABIGAIL ADAMSEducationPT$6,700-$6,700
MONA SMITHDevelopment-$0--
JULIE LEIBELDevelopment-$0--
NAT PRINTICEBod-$0--
CHRIS EDWARDSBod-$0--
KEN MILLERBod-$0--
JON WILSONBod-$0--
FRED OSBORNEBod-$0--
JOHN SMITH AMATOEdFT$0--
Filing and Contact Details

Filer

Filer Name
Paramount Hudson Valley Arts Inc
EIN
46-4031449
Phone
9146495606
Address
1008 BROWN STREET, PEEKSKILL, NY 10566

Signing Officer

Name
John Smith Amato
Title
CFO
Phone
9147390039
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
O'Hagan Financial Management
Address
116 Radio Circle Dr Ste 201, Mount Kisco, NY 10549
Preparer
DONNA M O'HAGANCPA
Phone
9142423661
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: BANK FEES. Amount: 182. Description: PARKING & TOLLS. Amount: 57. Description: MARKETING. Amount: 163. Description: OFFICE EXPENSES. Amount: 33. Description: MEALS & ENTERTAINMNET @ 50%. Amount: 207. Description: PROGRAM SERVICE EXPENSES. Amount: 32175. Total to Form 990-EZ, line 16: 32817.

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

Description: PRIOR PERIOD ADJUSTMENT. Amount: -1852. Description: 50% MEALS & ENTERTAINMENT DISSALLOWED. Amount: -206. Total to Form 990-EZ, line 20: -2058.

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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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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits