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Nonprofiteer
← PARAMOUNT HERITAGE FOUNDATION INC

Form 990 for tax year 2024

Filed by PARAMOUNT HERITAGE FOUNDATION INC.

Totals

Total revenue
$1,100,322
Total expenses
$945,345
Contributions and grants received
$479,032
Grants paid
$0
Program service revenue
$480,974
Investment income
$0
Other revenue
$140,316
Total assets, end of year
$2,772,094
Total liabilities, end of year
$331,144
Net assets or fund balances, end of year
$2,440,950
Program services expenses (Part IX)
$945,345
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$945,345

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $88,160

  • 1f · All other contributions, gifts and grants

    $390,872

  • 2a · Program service revenue: PROGRAM FEES

    total $275,383 · related or exempt $275,383

  • 2b · Program service revenue: MERCHANDISE

    total $197,441 · related or exempt $197,441

  • 2c · Program service revenue: RENTAL INCOME

    total $8,150 · related or exempt $8,150

  • 8a · Fundraising events: gross income

    $140,163

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $140,163 · excluded $140,163

  • 9a · Gaming: gross income

    $4,477

  • 9b · Gaming: direct expenses

    $4,324

  • 9c · Net income from gaming

    total $153 · related or exempt $153

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $402,181 · program services $402,181

  • 9 · Other employee benefits

    total $11,229 · program services $11,229

  • 10 · Payroll taxes

    total $33,869 · program services $33,869

  • 11c · Fees: accounting

    total $7,600 · program services $7,600

  • 11g · Fees: other

    total $168 · program services $168

  • 12 · Advertising and promotion

    total $6,260 · program services $6,260

  • 13 · Office expenses

    total $4,693 · program services $4,693

  • 16 · Occupancy

    total $139,330 · program services $139,330

  • 17 · Travel

    total $7,457 · program services $7,457

  • 20 · Interest

    total $3,355 · program services $3,355

  • 22 · Depreciation, depletion and amortization

    total $156,993 · program services $156,993

  • 24a · Other expenses: COST OF MERCHANDISE

    total $69,562 · program services $69,562

  • 24b · Other expenses: CONTRACT LABOR

    total $20,705 · program services $20,705

  • 24c · Other expenses: DUES & MEMBERSHIPS

    total $20,360 · program services $20,360

  • 24d · Other expenses: FESTIVAL OF TREES EXPEN

    total $16,046 · program services $16,046

  • 24e · All other expenses

    total $45,537 · program services $45,537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $851,424 · end of year $584,132

  • 4 · Accounts receivable

    beginning of year $28,480 · end of year $20,968

  • 9 · Prepaid expenses and deferred charges

    beginning of year -$10,696 · end of year -$9,882

  • 10a · Land, buildings and equipment: cost or other basis

    $5,439,403

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,660,902

  • 10c · Land, buildings and equipment, net

    beginning of year $1,389,739 · end of year $1,778,501

  • 12 · Investments: other securities

    beginning of year $243,366 · end of year $176,132

  • 15 · Other assets

    beginning of year $182,382 · end of year $222,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,557 · end of year -$2,636

  • 19 · Deferred revenue

    beginning of year $182,382 · end of year $222,243

  • 23 · Secured mortgages and notes payable

    beginning of year $132,182 · end of year $111,537

  • 27 · Net assets without donor restrictions

    beginning of year $1,886,341 · end of year $2,038,950

  • 28 · Net assets with donor restrictions

    beginning of year $469,233 · end of year $402,000

Mission and programs · 2024

Mission

PROMOTION OF THE ARTS AND ENTERTAINMENT THROUGH THE RESTORATION AND OPERATION OF A HISTORICAL THEATRE. ALSO, TO PROVIDE FACILITIES FOR LITERARY, EDUCATIONAL, CULTURAL AND CHARITABLE ORGANIZATIONS TO CONDUCT THEATRICAL PRESENTATIONS OF VARIOUS THEATRE TROUPS, DANCE COMPANIES, WELL KNOWN ORCHESTRAS, MUSICAL ENSEMBLES AND OTHER FORMS OF ARTISTIC ENTERTAINMENT TO PROMOTE THE AWARENESS AND APPRECIATION FOR SUCH ENDEAVORS THROUGHOUT THE COMMUNITY AS A WHOLE. TO FURTHER PROMOTE AND ENCOURAGE SUCH ORGANIZATIONS AND TO RAISE FUNDS FOR THE SUPPORT AND MAINTENANCE OF SUCH FACILITIES, OTHER ORGANIZATIONS AND THEIR ACTIVITIES FOR THE BENEFIT OF THE PUBLIC.

Activities or mission (Part I)

PROMOTION OF THE ARTS AND ENTERTAINMENT GENRE THROUGH THE RESTORATION AND OPERATION OF AN HISTORICAL THEATRE. ALSO, TO PROVIDE FACILITIES FOR LITERARY, EDUCATIONAL, CULTURAL AND CHARITABLE ORGANIZATIONS TO CONDUCT THEATRICAL PRESENTATIONS OF VARIOUS THEATRE TROUPS, DANCE COMPANIES, WELL KNOWN ORCHESTRAS, MUSICAL ENSEMBLES AND OTHER FORMS OF ARTISTIC ENTERTAINMENT TO PROMOTE THE AWARENESS AND APPRECIATION FOR SUCH ENDEAVORS THROUGH THE COMMUNITY AS A WHOLE. TO FURTHER PROMOTE AND ENCOURAGE SUCH ORGANIZATIONS AND TO RAISE FUNDS FOR THE SUPPORT AND MAINTENANCE OF SUCH FACILITIES, OTHER ORGANIZATIONS AND THEIR ACTIVITIES FOR THE BENEFIT OF THE PUBLIC.

  • PROMOTION AND BROADCASTING TO THE PUBLIC, KNOWLEDGE, APPRECIATION, PRACTICE AND PERFORMANCE OF ENTERTAINMENT AND THE ARTS THROUGH THE RESTORATION AND OPERATION OF AN HISTORICAL THEATRE.

  • Expenses $945,345 · Revenue $481,127

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANN HARDACRE NA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KAY ANDERSON NA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DEBORAH ANDIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • REBECCA CHAPPELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • PETE HEUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DARLA SALLEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KRISTIN LENNIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JANE LOOSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KYLE PIERCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DAVID EICKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TAFFANIE MCGHEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • EVAN MCCULLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DENISE MILLER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • LAINE RICKER-PATTERSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • MARY GAMACHE

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • BRIANA MCLAUGHLIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • RICHARD M JORN

    EXECUTIVE DIRECTOR

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $85,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 July 2025
IRS schema version
2024v5.2
Source object
202542039349300149

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