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← PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC

Form 990 for tax year 2023

Filed by PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC.

Totals

Total revenue
$1,688,656
Total expenses
$72,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$419
Other revenue
$1,688,237
Total assets, end of year
$12,762,342
Total liabilities, end of year
$16,333
Net assets or fund balances, end of year
$12,746,009
Program services expenses (Part IX)
$72,281
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$72,281

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

Listed in Part VII

  • HAL KATZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SHARON FRANCIA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BOB ELLIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • H JAMES RITTS III

    EXECUTIVE DIRECTOR

    Total calculated
    $390,295
    From this org
    $0
    From related orgs
    $380,631
    Other
    $9,664
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,558 related
    Bonus
    $0 + $71,073 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,664 related
    Filer's total
    $0 + $390,295 related

  • SANDRA HILL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $204,796
    From this org
    $0
    From related orgs
    $195,119
    Other
    $9,677
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,619 related
    Bonus
    $0 + $16,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,677 related
    Filer's total
    $0 + $204,796 related

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

The filer's explanations (Part III)

PART I, LINE 3
PROCESS USED BY RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE RELATED ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE PRESIDENT OF THE AUSTIN THEATRE ALLIANCE (ATA) BOARD AND ITS EXECUTIVE COMMITTEE REVIEW EVALUATIONS COMPLETED BY THE BOARD MEMBERS AND KEY MANAGEMENT PRIOR TO MAKING RECOMMENDATIONS THAT ARE SUBJECT TO APPROVAL BY THE FULL ATA BOARD.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202512279349301926

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