Civic Intelligence

Paramount Arts Center Inc.

990 • Fiscal year 2019 • EIN 61-1181883

Jul 01, 2018 to Jun 30, 2019 • Filed on May 05, 2020

Organization ProfilePARAMOUNTARTSCENTER.COM

View Organization Page

PO Box 1546Ashland, KY 41105-1546

(606) 324-2175

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.28x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.22x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

18th percentile

-11%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

18th percentile

-4.3%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-5.8%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$6,733,756

Down $304,396 (-4.3%) from 2018

Net Assets

Down

$4,869,346

Down $151,468 (-3.0%) from 2018

Liabilities

Down

$1,864,410

Down $152,928 (-7.6%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin18th percentile

Revenue

Down

$1,534,243

Down $95,322 (-5.8%) from 2018

Expenses

Down

$1,698,375

Down $23,814 (-1.4%) from 2018

Net Income

Down

-$164,132

Down $71,508 (-77%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$10M$5.0M$0Assets 2011: $8,352,649Liabilities 2011: $1,718,939Net Assets 2011: $6,633,7102011Assets 2012: $8,788,834Liabilities 2012: $2,442,900Net Assets 2012: $6,345,9342012Assets 2013: $8,569,303Liabilities 2013: $2,451,839Net Assets 2013: $6,117,4642013Assets 2014: $7,999,576Liabilities 2014: $2,327,128Net Assets 2014: $5,672,4482014Assets 2015: $7,613,634Liabilities 2015: $2,372,166Net Assets 2015: $5,241,4682015Assets 2016: $7,334,361Liabilities 2016: $2,251,715Net Assets 2016: $5,082,6462016Assets 2017: $7,317,127Liabilities 2017: $2,221,277Net Assets 2017: $5,095,8502017Assets 2018: $7,038,152Liabilities 2018: $2,017,338Net Assets 2018: $5,020,8142018Assets 2019: $6,733,756Liabilities 2019: $1,864,410Net Assets 2019: $4,869,3462019Assets 2020: $6,503,217Liabilities 2020: $2,011,158Net Assets 2020: $4,492,0592020Assets 2021: $6,501,760Liabilities 2021: $2,517,157Net Assets 2021: $3,984,6032021Assets 2022: $6,341,407Liabilities 2022: $2,347,853Net Assets 2022: $3,993,5542022Assets 2023: $5,902,007Liabilities 2023: $2,476,050Net Assets 2023: $3,425,9572023Assets 2024: $5,594,538Liabilities 2024: $1,710,826Net Assets 2024: $3,883,7122024

Highlighted filing

2019

Assets$6,733,756
Liabilities$1,864,410
Net Assets$4,869,346
Open 2019 Filing

Operations Trend

Revenue Growth26th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,009,7022011Expenses 2012: $2,001,6002012Revenue 2013: $1,767,519Expenses 2013: $1,992,004Net Income 2013: -$224,4852013Revenue 2014: $1,645,573Expenses 2014: $2,114,776Net Income 2014: -$469,2032014Revenue 2015: $1,885,863Expenses 2015: $2,316,942Net Income 2015: -$431,0792015Revenue 2016: $1,471,684Expenses 2016: $1,624,618Net Income 2016: -$152,9342016Revenue 2017: $1,673,680Expenses 2017: $1,687,537Net Income 2017: -$13,8572017Revenue 2018: $1,629,565Expenses 2018: $1,722,189Net Income 2018: -$92,6242018Revenue 2019: $1,534,243Expenses 2019: $1,698,375Net Income 2019: -$164,1322019Revenue 2020: $1,565,685Expenses 2020: $1,946,723Net Income 2020: -$381,0382020Revenue 2021: $855,969Expenses 2021: $1,433,826Net Income 2021: -$577,8572021Revenue 2022: $4,086,756Expenses 2022: $4,074,276Net Income 2022: $12,4802022Revenue 2023: $3,220,738Expenses 2023: $3,821,065Net Income 2023: -$600,3272023Revenue 2024: $4,233,376Expenses 2024: $3,787,291Net Income 2024: $446,0852024

Highlighted filing

2019

Revenue$1,534,243
Expenses$1,698,375
Net Income-$164,132
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 5, 2020
Return Version
2018v3.2
Gross Receipts
$1,860,596
Mission and Program Overview

Mission

The paramount arts center, inc. Maintains and operations a performing arts theater to provide for, promote and encourage appreciation, participation and education in the fine arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,212,633$5,948,902▼ $263,731
Cash and Non-Interest-Bearing Accounts$409,975$329,004▼ $80,971
Intangible Assets$54,825$52,442▼ $2,383
Accounts Receivable$8,238$51,925▲ $43,687
Prepaid Expenses and Deferred Charges$58,325$50,428▼ $7,897
Savings and Temporary Cash Investments$45,028$40,339▼ $4,689
Inventories for Sale or Use$13,390$15,275▲ $1,885
Total Assets$7,038,152$6,733,756▼ $304,396
Other Assets Total$235,738$245,441▲ $9,703
Liabilities
Other Liabilities$1,684,220$1,589,215▼ $95,005
Deferred Revenue$273,205$165,912▼ $107,293
Accounts Payable and Accrued Expenses$59,913$109,283▲ $49,370
Total Liabilities$2,017,338$1,864,410▼ $152,928
Net Assets / Fund Balance
Unrestricted Net Assets$4,615,719$4,505,493▼ $110,226
Temporarily Rstr Net Assets$226,078$184,336▼ $41,742
Permanently Rstr Net Assets$179,017$179,517▲ $500
Total Net Assets Fund Balance$5,020,814$4,869,346▼ $151,468
Total Liabilities and Net Assets / Fund Balance$7,038,152$6,733,756▼ $304,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,518,065$5,424,561$10,942,626
Equipment$280,837$377,234$658,071
Land$150,000-$150,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$310,066$500▲ $17,187$7,815$319,938
2017$297,930$2,805▲ $21,905$12,574$310,066
2016$269,094$50▲ $28,786-$297,930
2015$277,940$500▼ $3,978$5,368$269,094
2014$318,552$1,000▲ $90$41,702$277,940
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Stuart WebbPresident
April PerryDirector
Bill BoykinDirector
Blake GillumDirector
Brett MattisonDirector
Brooke SeasorDirector
Bruce VanhornDirector
Chris PullenDirector
Chuck CharlesDirector
Dr Kim KefferDirector
Howard HarrisonDirector
John ClarkDirector
John StewartDirector
Kathy LaymanDirector
Lance MccomisDirector
Larry CainesDirector
Leon BriggsDirector
Lloyd HudsonDirector
Mark MaynardDirector
Mark StrotherDirector
Mary Kay Mcginnis-ruarkDirector
Rannie CooperDirector
Rocky AdkinsDirector
Roger HallDirector
Sandy KeetonDirector
Tamme GrubbDirector
Michael HobbsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$567,332
Program Service Revenue
$693,677
Investment Income
$5,264
Other Revenue
$267,970
All Other Contributions
$341,773
Change in Net Assets
$-164,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,534,243
Revenue Not Reported on Form 990
$339,017
Total Revenue per Audited Statements
$1,873,260
Total Revenue per Form 990
$1,534,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,283,677
Salaries, Compensation, and Employee Benefits$414,698
Total Fundraising Expense$14,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$345,016-$345,016
Depreciation Depletion$286,758$2,384-$289,142
Occupancy$88,323--$88,323
Other Employee Benefits-$69,682-$69,682
Advertising$53,290-$7,768$61,058
Interest-$56,875-$56,875
Insurance$53,312--$53,312
Other Expenses$490,650$47,845$72,361$47,845
Office Expenses$4,879$21,620$6,816$33,315
Fees for Services Other-$33,090-$33,090
All Other Expenses$79,296$51,198$-162,470$-31,976
Total Functional Expenses$1,056,508$627,710$14,157$1,698,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,022,344
Total Expenses per Form 990$1,698,375
Expenses per Audited Statements$1,695,991
Expenses Not Reported on Form 990$326,353
Expenses Not Reported on Financial Statements$2,384
Other Expense Adjustments$2,384
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$432,228
Fundraising Direct Expenses$290,930
Gaming Gross Income$76,000
Gaming Direct Expenses$35,423
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival of Tre$107,811$107,811$47,204$60,607
Oyo$57,139$57,139$67,091$-9,952
Total Events$432,228$432,228$290,930$141,298
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$1,430,000
Other Liabilities$159,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is reviewed by an officer of the board and the executive director prior to filing.”

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

“The organization has a written conflict of interest policy. Conflicts of interest are reported on a situational basis and are consistently monitored and enforced in regards to the policy.”

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

“All compensation is reviewed and approved by the board of directors and the executive director.”

Form 990, Page 6, Part VI, Line 19

“The organization makes governing documents, policies, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Paramount Arts Center Inc
EIN
61-1181883
Phone
6063242175
Address
PO BOX 1546, ASHLAND, KY 41105-1546

Signing Officer

Name
Michael Hobbs
Title
Treasurer
Phone
6063243175
Signed
2020-05-05

Organization Details

Principal Officer
Michael Hobbs
Formed
1989
Legal Domicile
Ky
Voting Board Members
27
Independent Board Members
27
Employees
11
Volunteers
91

Preparer

Firm
Kelley Galloway Smith Goolsby Psc
Address
1200 CORPORATE COURT PO BOX 990, ASHLAND, KY 41105-0990
Preparer
Michael D Robinson CPA
Phone
6063291811
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers help the paramount with fundraising events through committee work, event coordnation, paramount woman's association. The paramount also has several volunteers that work as ushers during entertainment events in the theater.”

Form 990, Part XI, Line 9

“Net change in beneficial interest in assets held b 12,664”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Special event expenses included in net special events 326,353 net change in beneficial interest in assets held by others 12,664”

Schedule D, Page 4, Part XII, Line 2D

“Special events expense included in revenue 326,353”

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 2,384”

Raw XML AppendixShowing 400 of 611 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt059913
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0109283
IRS990/AccountsReceivableGrp/BOYAmt08238
IRS990/AccountsReceivableGrp/EOYAmt051925
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS.
IRS990/AdvertisingGrp/FundraisingAmt07768
IRS990/AdvertisingGrp/ProgramServicesAmt053290
IRS990/AdvertisingGrp/TotalAmt061058
IRS990/AllOtherContributionsAmt0341773
IRS990/AllOtherExpensesGrp/FundraisingAmt0-162470
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt051198
IRS990/AllOtherExpensesGrp/ProgramServicesAmt079296
IRS990/AllOtherExpensesGrp/TotalAmt0-31976
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KAREN LANDES
IRS990/BooksInCareOfDetail/PhoneNum06063242175
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1546
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0PO BOX 1546
IRS990/BooksInCareOfDetail/USAddress/CityNm0ASHLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd041105
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0409975
IRS990/CashNonInterestBearingGrp/EOYAmt0329004
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0567332
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05264
IRS990/CYOtherExpensesAmt01283677
IRS990/CYOtherRevenueAmt0267970
IRS990/CYProgramServiceRevenueAmt0693677
IRS990/CYRevenuesLessExpensesAmt0-164132
IRS990/CYSalariesCompEmpBnftPaidAmt0414698
IRS990/CYTotalExpensesAmt01698375
IRS990/CYTotalFundraisingExpenseAmt014157
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01534243
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0273205
IRS990/DeferredRevenueGrp/EOYAmt0165912
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02384
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0286758
IRS990/DepreciationDepletionGrp/TotalAmt0289142
IRS990/Desc0THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01056508
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt033090
IRS990/FeesForServicesOtherGrp/TotalAmt033090
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/PersonNm0BLAKE GILLUM
IRS990/Form990PartVIISectionAGrp/PersonNm1TAMME GRUBB
IRS990/Form990PartVIISectionAGrp/PersonNm2ROCKY ADKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm4LARRY CAINES
IRS990/Form990PartVIISectionAGrp/PersonNm5LLOYD HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm6CHUCK CHARLES
IRS990/Form990PartVIISectionAGrp/PersonNm7ROGER HALL
IRS990/Form990PartVIISectionAGrp/PersonNm8HOWARD HARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm9SANDY KEETON
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL HOBBS
IRS990/Form990PartVIISectionAGrp/PersonNm11KATHY LAYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12BRETT MATTISON
IRS990/Form990PartVIISectionAGrp/PersonNm13LANCE MCCOMIS
IRS990/Form990PartVIISectionAGrp/PersonNm14DR KIM KEFFER
IRS990/Form990PartVIISectionAGrp/PersonNm15BILL BOYKIN
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm17STUART WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm18BROOKE SEASOR
IRS990/Form990PartVIISectionAGrp/PersonNm19RANNIE COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm20LEON BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm21MARK STROTHER
IRS990/Form990PartVIISectionAGrp/PersonNm22BRUCE VANHORN
IRS990/Form990PartVIISectionAGrp/PersonNm23MARK MAYNARD
IRS990/Form990PartVIISectionAGrp/PersonNm24MARY KAY MCGINNIS-RUARK
IRS990/Form990PartVIISectionAGrp/PersonNm25APRIL PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm26CHRIS PULLEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0290930
IRS990/FundraisingGrossIncomeAmt0432228
IRS990/GamingActivitiesInd0true
IRS990/GamingDirectExpensesAmt035423
IRS990/GamingGrossIncomeAmt076000
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GovernmentGrantsAmt0215559
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01860596
IRS990/GrossRentsGrp/RealAmt086095
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt027
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt053312
IRS990/InsuranceGrp/TotalAmt053312
IRS990/IntangibleAssetsGrp/BOYAmt054825
IRS990/IntangibleAssetsGrp/EOYAmt052442
IRS990/InterestGrp/ManagementAndGeneralAmt056875
IRS990/InterestGrp/TotalAmt056875
IRS990/InventoriesForSaleOrUseGrp/BOYAmt013390
IRS990/InventoriesForSaleOrUseGrp/EOYAmt015275
IRS990/InvestmentIncomeGrp/ExclusionAmt05264
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05264
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt07
IRS990/LandBldgEquipAccumDeprecAmt05801795
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06212633
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05948902
IRS990/LandBldgEquipCostOrOtherBssAmt011750697
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05020814
IRS990/NetAssetsOrFundBalancesEOYAmt04869346
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0141298
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt040577
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt040577
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt086095
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt086095
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt088323
IRS990/OccupancyGrp/TotalAmt088323
IRS990/OfficeExpensesGrp/FundraisingAmt06816
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021620
IRS990/OfficeExpensesGrp/ProgramServicesAmt04879
IRS990/OfficeExpensesGrp/TotalAmt033315
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0235738
IRS990/OtherAssetsTotalGrp/EOYAmt0245441
IRS990/OtherChangesInNetAssetsAmt012664
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt069682
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069682
IRS990/OtherExpensesGrp/Desc0SERIES AND SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1OTHER EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc2FACILITY
IRS990/OtherExpensesGrp/Desc3SOFTWARE SUPPORT
IRS990/OtherExpensesGrp/FundraisingAmt089682
IRS990/OtherExpensesGrp/FundraisingAmt172361
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047845
IRS990/OtherExpensesGrp/ProgramServicesAmt0490650
IRS990/OtherExpensesGrp/TotalAmt0490650
IRS990/OtherExpensesGrp/TotalAmt189682
IRS990/OtherExpensesGrp/TotalAmt272361
IRS990/OtherExpensesGrp/TotalAmt347845
IRS990/OtherLiabilitiesGrp/BOYAmt01684220
IRS990/OtherLiabilitiesGrp/EOYAmt01589215
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0345016
IRS990/OtherSalariesAndWagesGrp/TotalAmt0345016
IRS990/PartialLiquidationInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0179017
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0179517
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058325
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050428
IRS990/PrincipalOfficerNm0MICHAEL HOBBS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERIES/SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1CHAIRHOLDERS
IRS990/ProgramServiceRevenueGrp/Desc2CONCESSIONS
IRS990/ProgramServiceRevenueGrp/Desc3MERCHANDISE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0603929
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt133980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt233485
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0603929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322283
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0577358
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04896
IRS990/PYOtherExpensesAmt01324455
IRS990/PYOtherRevenueAmt0286074
IRS990/PYProgramServiceRevenueAmt0761237
IRS990/PYRevenuesLessExpensesAmt0-92624
IRS990/PYSalariesCompEmpBnftPaidAmt0397734
IRS990/PYTotalExpensesAmt01722189
IRS990/PYTotalRevenueAmt01629565
IRS990/ReconcilationRevenueExpnssAmt0-164132
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt010000
IRS990/RentalIncomeOrLossGrp/RealAmt086095
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0751531
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045028
IRS990/SavingsAndTempCashInvstGrp/EOYAmt040339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0567332
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0577357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0502257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0416807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0497959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02561712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091359
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt091982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0116930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt087989
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt089604
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0477864
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01201905
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84280
IRS990ScheduleA/PublicSupportPY170Pct00.86240
IRS990ScheduleA/PublicSupportTotal170Amt02561712
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0567332
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0577357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0502257

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,733,756
Liabilities
$1,864,410
Net assets
$4,869,346
Revenue
$1,534,243
Expenses
$1,698,375
Net income
-$164,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$1.71$3.88$4.23$3.79$0.45
2023Summary only. Only limited summary data is available for this year.$5.90$2.48$3.43$3.22$3.82$0.60
2022Summary only. Only limited summary data is available for this year.$6.34$2.35$3.99$4.09$4.07$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.50$2.52$3.98$0.86$1.43$0.58
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$2.01$4.49$1.57$1.95$0.38
2019Detailed filing. Detailed filing data is available for this year.$6.73$1.86$4.87$1.53$1.70$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$2.02$5.02$1.63$1.72$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$2.22$5.10$1.67$1.69$0.01
2016Detailed filing. Detailed filing data is available for this year.$7.33$2.25$5.08$1.47$1.62$0.15
2015Summary only. Only limited summary data is available for this year.$7.61$2.37$5.24$1.89$2.32$0.43
2014Detailed filing. Detailed filing data is available for this year.$8.00$2.33$5.67$1.65$2.11$0.47
2013Summary only. Only limited summary data is available for this year.$8.57$2.45$6.12$1.77$1.99$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$2.44$6.35$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.35$1.72$6.63$2.01