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Nonprofiteer
← PARAMOUNT ARTS CENTRE INC

Form 990 for tax year 2022

Filed by PARAMOUNT ARTS CENTRE INC.

Totals

Total revenue
$1,508,456
Total expenses
$1,508,451
Contributions and grants received
$1,287,239
Grants paid
$1,508,451
Program service revenue
$0
Investment income
$5
Other revenue
$221,212
Total assets, end of year
$38,763
Total liabilities, end of year
$4,089
Net assets or fund balances, end of year
$34,674
Program services expenses (Part IX)
$1,508,451
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,508,451

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.

  • 1c · Fundraising events

    $100,887

  • 1f · All other contributions, gifts and grants

    $1,186,352

  • 1g · Noncash contributions included above

    $4,509

  • 3 · Investment income

    total $5 · excluded $5

  • 8a · Fundraising events: gross income

    $221,212

  • 8a · Fundraising events: contributions included on line 1c

    $100,887

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $221,212 · excluded $221,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,508,451 · program services $1,508,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,268 · end of year $38,763

  • 25 · Other liabilities

    beginning of year $2,604 · end of year $4,089

  • 28 · Net assets with donor restrictions

    beginning of year $34,664 · end of year $34,674

Mission and programs · 2022

Mission

PARAMOUNT THEATRE IS COMMITTED TO BEING A DEFINING CATALYST FOR PERSONAL AND COMMUNITY TRANSFORMATION BY: MAKING THE PERFORMING ARTS ACCESSIBLE FOR EVERY AGE AND SOCIO-ECONOMIC BACKGROUND, INTRODUCING THE MAGIC OF LIVE THEATRE ACROSS GENERATIONS TO ENCOURAGE EXPANSIVE IMAGINATIONS AND BROAD VIEWS OF PEOPLE AND THE WORLD, AND CONTRIBUTING TO THE FUTURE STABILITY GROWTH OF AURORA'S DOWNTOWN

Activities or mission (Part I)

PARAMOUNT THEATRE SEEKS TO BE THE HIGHEST QUALITY BROADWAY PRODUCING HOUSE IN THE CHICAGO AREA.

  • PROMOTION AND ADVERTISING OF THEATRICAL EVENTS AT THE PARAMOUNT ARTS CENTRE, AURORA, ILLINOIS IN ORDER TO DEVELOP AN APPRECIATION FOR THE PERFORMING AND VISUAL ARTS.

    Expenses $1,508,451 · Grants $1,508,451

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gina Moga

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Hylton

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Savage

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mike Baum

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Christine Goerlich-Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Peter Grometer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Latimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Hoppa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • AURORA CIVIC CENTER AUTHORITY

    $0

    PROMOTION OF THEATRICAL EVENTS AT THE PARAMOUNT ARTS CENTRE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AUORA CIVIC CENTER AUTHORITY

    501(C)(1) · PERFORMING ARTS · IL

  • PARAMOUNT ARTS CENTRE ENDOWMENT FUND

    501(C)(3) · PERFORMING ARTS · IL

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349327330

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