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Nonprofiteer
← PARAMOUNT HERITAGE FOUNDATION INC

Form 990 for tax year 2023

Filed by PARAMOUNT HERITAGE FOUNDATION INC.

Totals

Total revenue
$962,900
Total expenses
$830,534
Contributions and grants received
$681,640
Grants paid
$0
Program service revenue
$281,260
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,684,695
Total liabilities, end of year
$329,121
Net assets or fund balances, end of year
$2,355,574
Program services expenses (Part IX)
$671,682
Management and general expenses
$102,756
Fundraising expenses
$56,096
Program service expenses (Part III)
$671,682

Program services were 80.9% 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)

    $157,914

  • 1f · All other contributions, gifts and grants

    $523,726

  • 2a · Program service revenue: PROGRAM FEES

    total $147,466 · related or exempt $147,466

  • 2b · Program service revenue: MERCHANDISE

    total $124,434 · related or exempt $124,434

  • 2c · Program service revenue: RENTAL INCOME

    total $9,360 · related or exempt $9,360

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,000 · program services $42,500 · management and general $21,250 · fundraising $21,250

  • 7 · Other salaries and wages

    total $216,654 · program services $173,324 · management and general $43,330

  • 9 · Other employee benefits

    total $2,022 · program services $2,022

  • 10 · Payroll taxes

    total $24,260 · program services $17,660 · management and general $4,965 · fundraising $1,635

  • 11c · Fees: accounting

    total $4,575 · program services $4,575

  • 12 · Advertising and promotion

    total $9,536 · program services $9,536

  • 13 · Office expenses

    total $5,883 · program services $5,883

  • 16 · Occupancy

    total $76,339 · program services $76,339

  • 17 · Travel

    total $5,730 · program services $5,730

  • 20 · Interest

    total $5,069 · program services $5,069

  • 22 · Depreciation, depletion and amortization

    total $132,844 · program services $66,422 · management and general $33,211 · fundraising $33,211

  • 23 · Insurance

    total $46,356 · program services $46,356

  • 24a · Other expenses: COST OF MERCHANDISE

    total $48,077 · program services $48,077

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $37,997 · program services $37,997

  • 24c · Other expenses: FESTIVAL OF TREES EXPEN

    total $33,923 · program services $33,923

  • 24d · Other expenses: CONTRACT LABOR

    total $33,386 · program services $33,386

  • 24e · All other expenses

    total $62,883 · program services $62,883

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $903,741 · end of year $851,424

  • 4 · Accounts receivable

    beginning of year $30,800 · end of year $28,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year -$10,645 · end of year -$10,696

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

    $4,893,648

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

    $3,503,909

  • 10c · Land, buildings and equipment, net

    beginning of year $1,245,693 · end of year $1,389,739

  • 12 · Investments: other securities

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

  • 15 · Other assets

    beginning of year $297,262 · end of year $182,382

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,656 · end of year $13,238

  • 19 · Deferred revenue

    beginning of year $297,262 · end of year $182,382

  • 23 · Secured mortgages and notes payable

    beginning of year $183,677 · end of year $132,182

  • 25 · Other liabilities

    beginning of year $1,609 · end of year $1,319

  • 27 · Net assets without donor restrictions

    beginning of year $1,753,780 · end of year $1,886,341

  • 28 · Net assets with donor restrictions

    beginning of year $401,999 · end of year $469,233

Mission and programs · 2023

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 $671,682 · Revenue $281,260

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Hardacre Na

    EXEC MEMBER

    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

  • Larry Davis

    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

  • Briana McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Amanda Shepherd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gene Ulrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Evan McMullen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Laine Ricker-Patterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Mary Gamache

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Denise Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202402069349300410

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