HISTORIC PARAMOUNT THEATRE INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- HISTORIC PARAMOUNT THEATRE INC (EIN 06-1672774)
- Tax period
- 2022-04-01 to 2023-03-31
- Filed
- 2024-01-29
- IRS object ID
- 202400299349300615
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-01-29T08:22:17-06:00 | ReturnTs |
| Tax Period End | 2023-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752570775 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Borden Duffel PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 South Leggett Dr | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79605 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061672774 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Historic Paramount Theatre Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HIST | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress Street | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George P Levesque | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 3256769620 | PhoneNum |
| Signature | 2024-01-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | George P | PersonFirstNm |
| Person Last | Levesque | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Sharmon L Daley CPA | PreparerPersonNm |
| PTIN | P00541889 | PTIN |
| Phone | 3256731040 | PhoneNum |
| Preparation | 2024-01-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | George Levesque | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress St | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,350,667 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | paramount-abilene.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | The mission is to manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 60 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $683,245 | PYContributionsGrantsAmt |
| CY Contributions Grants | $569,153 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $288,641 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $765,976 | CYProgramServiceRevenueAmt |
| PY Investment Income | $143 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,664 | CYInvestmentIncomeAmt |
| PY Other Revenue | $962 | PYOtherRevenueAmt |
| CY Other Revenue | $1,169 | CYOtherRevenueAmt |
| PY Total Revenue | $972,991 | PYTotalRevenueAmt |
| CY Total Revenue | $1,349,962 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $443,447 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $535,730 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $7,745 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $307,605 | PYOtherExpensesAmt |
| CY Other Expenses | $564,106 | CYOtherExpensesAmt |
| PY Total Expenses | $751,052 | PYTotalExpensesAmt |
| CY Total Expenses | $1,099,836 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $221,939 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $250,126 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $869,981 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,183,954 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $20,957 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $91,945 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $849,024 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,092,009 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $964,142 | ExpenseAmt |
| Revenue | $779,072 | RevenueAmt |
| Desc | Manage and preserve the Historic Paramount Theatre so that it might | Desc |
| Total Program Service Expenses | $964,142 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 60 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | George P Levesque | PersonNm |
| Phone | 3256769620 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 352 Cypress St | AddressLine1Txt |
| City | Abilene | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79601 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| L Doty | |||||||
| Chair | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| J Duncan | |||||||
| Chair Elect | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S Stovall | |||||||
| Treasurer | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S Harper | |||||||
| Secretary | 2 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| M Mercer | |||||||
| Past Chair | 1 | 0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| T Graves | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| E Greenlee | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| T Gutierrez | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| C Hatcher | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| M Hunt | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| A Kasselman | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| J Lester | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| F McMillan | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| O Ortiz | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| A Schlagel | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| R Sutphen | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| L Wilkinson | |||||||
| Director | 1 | 0 | Yes (X) | $0 | $0 | $0 | |
| G Levesque | |||||||
| Ex Director | 40 | 0 | $103,855 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $103,855 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | None | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $569,153 | AllOtherContributionsAmt |
| Noncash Contributions | $1,000 | NoncashContributionsAmt |
| Total Contributions | $569,153 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Theatre Rental | 711110 | $254,284 | $254,284 |
| Theatre Productions | 711110 | $266,905 | $266,905 |
| Movie Ticket Sales | 711110 | $58,149 | $58,149 |
| Concession Stand | 711110 | $186,638 | $186,638 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $765,976 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,737 | TotalRevenueColumnAmt |
| Exclusion | $1,737 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,632 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $705 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $11,927 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,927 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,927 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous | Desc |
| Business | 711110 | BusinessCd |
| Total Revenue Column | $1,169 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,169 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,169 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,349,962 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $779,072 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,737 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,728 | TotalAmt |
| Program Services | $83,783 | ProgramServicesAmt |
| Management And General | $15,709 | ManagementAndGeneralAmt |
| Fundraising | $5,236 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,221 | TotalAmt |
| Program Services | $286,811 | ProgramServicesAmt |
| Management And General | $24,088 | ManagementAndGeneralAmt |
| Fundraising | $1,322 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,689 | TotalAmt |
| Program Services | $17,523 | ProgramServicesAmt |
| Management And General | $1,969 | ManagementAndGeneralAmt |
| Fundraising | $197 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,742 | TotalAmt |
| Program Services | $50,724 | ProgramServicesAmt |
| Management And General | $15,351 | ManagementAndGeneralAmt |
| Fundraising | $667 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,350 | TotalAmt |
| Program Services | $28,145 | ProgramServicesAmt |
| Management And General | $3,882 | ManagementAndGeneralAmt |
| Fundraising | $323 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,290 | TotalAmt |
| Management And General | $8,290 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,227 | TotalAmt |
| Program Services | $8,227 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,670 | TotalAmt |
| Program Services | $113,558 | ProgramServicesAmt |
| Management And General | $12,112 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,265 | TotalAmt |
| Program Services | $2,265 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,928 | TotalAmt |
| Program Services | $35,943 | ProgramServicesAmt |
| Management And General | $8,985 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,795 | TotalAmt |
| Program Services | $13,795 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Movie/Prodctn/Rental Exp | $265,873 | $265,873 | |
| Operating Exp & Supplies | $60,521 | $23,429 | $37,092 |
| Dues & Subscriptions | $32,968 | $32,968 | |
| Miscellaneous Expenses | $1,569 | $1,098 | $471 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,099,836 | TotalAmt |
| Program Services | $964,142 | ProgramServicesAmt |
| Management And General | $127,949 | ManagementAndGeneralAmt |
| Fundraising | $7,745 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $346,734 | BOYAmt |
| EOY | $395,502 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,305 | BOYAmt |
| EOY | $27,337 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,168 | BOYAmt |
| EOY | $29,390 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $858,366 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $367,405 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $255,304 | BOYAmt |
| EOY | $490,961 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,470 | BOYAmt |
| EOY | $240,764 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $869,981 | BOYAmt |
| EOY | $1,183,954 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,331 | BOYAmt |
| EOY | $7,609 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,626 | BOYAmt |
| EOY | $62,272 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $22,064 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,957 | BOYAmt |
| EOY | $91,945 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $561,004 | BOYAmt |
| EOY | $801,949 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,020 | BOYAmt |
| EOY | $290,060 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $849,024 | BOYAmt |
| EOY | $1,092,009 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $869,981 | BOYAmt |
| EOY | $1,183,954 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $250,126 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $1,000 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$8,141 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $263,922 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $283,553 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $351,733 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $683,245 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $569,153 | CurrentTaxYearAmt |
| Total | $2,151,606 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $361,654 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $407,789 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $140,721 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $288,641 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $765,976 | CurrentTaxYearAmt |
| Total | $1,964,781 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $625,576 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $691,342 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $492,454 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $971,886 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,335,129 | CurrentTaxYearAmt |
| Total | $4,116,387 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $4,116,387 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $794 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $673 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $193 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $143 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,737 | CurrentTaxYearAmt |
| Total | $3,540 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $794 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $673 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $193 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $143 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,737 | CurrentTaxYearAmt |
| Total | $3,540 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $380 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $961 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $195 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $962 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,169 | CurrentTaxYearAmt |
| Total | $3,667 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $626,750 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $692,976 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $492,842 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $972,991 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,338,035 | CurrentTaxYearAmt |
| Total | $4,123,594 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99830 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99850 | PublicSupportPY509Pct |
| Investment Income CY | 0.00090 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00050 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Section B, Line 12 Other Income | FormAndLineReferenceDesc |
| Explanation | Amount represents gift card activation fees. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $203,470 | BeginningYearBalanceAmt |
| Contributions | $25,300 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,298 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,843 | AdministrativeExpensesAmt |
| End Year Balance | $220,629 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $146,079 | BeginningYearBalanceAmt |
| Contributions | $55,150 | ContributionsAmt |
| Investment Earnings Or Losses | $3,970 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,729 | AdministrativeExpensesAmt |
| End Year Balance | $203,470 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $103,494 | BeginningYearBalanceAmt |
| Contributions | $200 | ContributionsAmt |
| Investment Earnings Or Losses | $43,421 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $1,036 | AdministrativeExpensesAmt |
| End Year Balance | $146,079 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,559 | BeginningYearBalanceAmt |
| Contributions | $106,200 | ContributionsAmt |
| Investment Earnings Or Losses | -$10,295 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $970 | AdministrativeExpensesAmt |
| End Year Balance | $103,494 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,498 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $124 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $63 | AdministrativeExpensesAmt |
| End Year Balance | $8,559 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Endowment Balance EOY | 1.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $345,354 | OtherCostOrOtherBasisAmt |
| Depreciation | $55,963 | DepreciationAmt |
| Book Value | $289,391 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $414,898 | OtherCostOrOtherBasisAmt |
| Depreciation | $258,273 | DepreciationAmt |
| Book Value | $156,625 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $98,114 | OtherCostOrOtherBasisAmt |
| Depreciation | $53,169 | DepreciationAmt |
| Book Value | $44,945 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $490,961 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Operating Lease Right-of-Use Asset | $20,135 |
| Paramount Theatre Memorial Fund - Community Foundation | $23,692 |
| Paramount Theatre Reserve Fund - Community Foundation | $196,937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $240,764 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Operating Lease Liability | Desc |
| Amt | $22,064 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,064 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,342,821 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,341,821 | RevenueSubtotalAmt |
| Other Revenues Not Included | $8,141 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $8,141 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,349,962 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,099,836 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,099,836 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,099,836 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | The endowment funds will be used to provide organizational s |
| Schedule D, Part X, Line 2 | For the year ended March 31, 2023, management has determined that there are no material uncertain tax positions. |
| Schedule D, Part XI, Line 4b Other | Amount represents decrease in Beneficial Interest in Assets Held by Others. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 11b | A copy of the Form 990 was presented to the Board of Directors prior to submission. |
| Form 990, Part VI, Line 12c | Every Board member is required to submit a signed conflict of interest statement to be reviewed for potential conflicts. |
| Form 990, Part VI, Line 15a | Compensation is reviewed by the Board of Directors annually. |
| form 990, Part VI, Line 10 | Each year the Paramount has an independent audit that is presented to the Board for approval. Governing documents are held at 352 Cypress St., Abilene,TX. Available upon request. |
| Form 990, Part XI, Line 9 | Amount represents decrease in Beneficial Interest in Assets Held by Others. |