Form 990 for tax year 2022
Filed by HISTORIC PARAMOUNT THEATRE INC.
Totals
- Total revenue
- $1,349,962
- Total expenses
- $1,099,836
- Contributions and grants received
- $569,153
- Grants paid
- $0
- Program service revenue
- $765,976
- Investment income
- $13,664
- Other revenue
- $1,169
- Total assets, end of year
- $1,183,954
- Total liabilities, end of year
- $91,945
- Net assets or fund balances, end of year
- $1,092,009
- Program services expenses (Part IX)
- $964,142
- Management and general expenses
- $127,949
- Fundraising expenses
- $7,745
- Program service expenses (Part III)
- $964,142
Program services were 87.7% 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.
-
1f · All other contributions, gifts and grants
$569,153
-
1g · Noncash contributions included above
$1,000
-
2a · Program service revenue: Theatre Rental
total $254,284 · related or exempt $254,284
-
2b · Program service revenue: Theatre Productions
total $266,905 · related or exempt $266,905
-
2c · Program service revenue: Movie Ticket Sales
total $58,149 · related or exempt $58,149
-
2d · Program service revenue: Concession Stand
total $186,638 · related or exempt $186,638
-
3 · Investment income
total $1,737 · excluded $1,737
-
7a · Gross sales of assets other than inventory
other assets $12,632
-
7b · Less cost or other basis and sales expenses
other assets $705
-
7c · Gain or loss
other assets $11,927
-
7d · Net gain or loss
total $11,927 · related or exempt $11,927
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Miscellaneous
total $1,169 · related or exempt $1,169
-
11e · Other revenue, total
$1,169
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $104,728 · program services $83,783 · management and general $15,709 · fundraising $5,236
-
7 · Other salaries and wages
total $312,221 · program services $286,811 · management and general $24,088 · fundraising $1,322
-
8 · Pension plan contributions
total $19,689 · program services $17,523 · management and general $1,969 · fundraising $197
-
9 · Other employee benefits
total $66,742 · program services $50,724 · management and general $15,351 · fundraising $667
-
10 · Payroll taxes
total $32,350 · program services $28,145 · management and general $3,882 · fundraising $323
-
11c · Fees: accounting
total $8,290 · management and general $8,290
-
12 · Advertising and promotion
total $8,227 · program services $8,227
-
16 · Occupancy
total $125,670 · program services $113,558 · management and general $12,112
-
19 · Conferences, conventions and meetings
total $2,265 · program services $2,265
-
22 · Depreciation, depletion and amortization
total $44,928 · program services $35,943 · management and general $8,985
-
23 · Insurance
total $13,795 · program services $13,795
-
24a · Other expenses: Movie/Prodctn/Rental Exp
total $265,873 · program services $265,873
-
24b · Other expenses: Operating Exp & Supplies
total $60,521 · program services $23,429 · management and general $37,092
-
24c · Other expenses: Dues & Subscriptions
total $32,968 · program services $32,968
-
24d · Other expenses: Miscellaneous Expenses
total $1,569 · program services $1,098 · management and general $471
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $346,734 · end of year $395,502
-
4 · Accounts receivable
beginning of year $10,305 · end of year $27,337
-
9 · Prepaid expenses and deferred charges
beginning of year $54,168 · end of year $29,390
-
10a · Land, buildings and equipment: cost or other basis
$858,366
-
10b · Land, buildings and equipment: accumulated depreciation
$367,405
-
10c · Land, buildings and equipment, net
beginning of year $255,304 · end of year $490,961
-
15 · Other assets
beginning of year $203,470 · end of year $240,764
-
17 · Accounts payable and accrued expenses
beginning of year $5,331 · end of year $7,609
-
19 · Deferred revenue
beginning of year $15,626 · end of year $62,272
-
25 · Other liabilities
end of year $22,064
-
27 · Net assets without donor restrictions
beginning of year $561,004 · end of year $801,949
-
28 · Net assets with donor restrictions
beginning of year $288,020 · end of year $290,060
Mission and programs · 2022
Mission
Manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas.
Activities or mission (Part I)
The mission is to manage and preserve the Historic Paramount Theatre so that it might benefit the citizens of Abilene and the surrounding areas.
-
Manage and preserve the Historic Paramount Theatre so that it might
Expenses $964,142 · Revenue $779,072
As filed on the 2022 return.
Listed in Part VII
-
L Doty
Chair
- Total calculated
- $0
- Hours/week
- 2
-
J Duncan
Chair Elect
- Total calculated
- $0
- Hours/week
- 1
-
S Stovall
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
S Harper
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
M Mercer
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
T Graves
Director
- Total calculated
- $0
- Hours/week
- 1
-
E Greenlee
Director
- Total calculated
- $0
- Hours/week
- 1
-
T Gutierrez
Director
- Total calculated
- $0
- Hours/week
- 1
-
C Hatcher
Director
- Total calculated
- $0
- Hours/week
- 1
-
M Hunt
Director
- Total calculated
- $0
- Hours/week
- 1
-
A Kasselman
Director
- Total calculated
- $0
- Hours/week
- 1
-
J Lester
Director
- Total calculated
- $0
- Hours/week
- 1
-
F McMillan
Director
- Total calculated
- $0
- Hours/week
- 1
-
O Ortiz
Director
- Total calculated
- $0
- Hours/week
- 1
-
A Schlagel
Director
- Total calculated
- $0
- Hours/week
- 1
-
R Sutphen
Director
- Total calculated
- $0
- Hours/week
- 1
-
L Wilkinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
G Levesque
Ex Director
- Total calculated
- $103,855
- From this org
- $103,855
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400299349300615
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.