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EIN 61-1181883

Paramount Arts Center

IRS 501(c) type
501(c)(3)
Num. employees
13
City
Ashland
State
Kentucky
Year formed
1989
Most recent tax filings
2023-06-01
NTEE code, primary
A61: Performing Arts Centers
Description
The Paramount Arts Center, Inc. maintains and operations a performing Arts theater to provide for, promote and encourage appreciation, participation and education in the fine Arts. Paramount Arts Center, Inc. maintains and operates the Paramount theatre to provide for, promote and encourage appreciation, participation and education in the fine Arts. Maintains and operates the Paramount Arts theatre to provide for, promote and encourage appreciation, participation and education in the fine Arts.
Total revenues
$3,220,738
2023
Total expenses
$3,821,065
2023
Total assets
$5,902,007
2023
Num. employees
13
2023

Program areas at Paramount Arts Center

The Paramount Arts Center, Inc. maintains and operations a performing Arts theater to provide for, promote and encourage appreciation, participation and education in the fine Arts.

Who funds Paramount Arts Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Eastern Kentucky Public HealthHealthy Homes$30,000
Foundation for the Tri-State Community$8,000
AmazonSmile FoundationGeneral Support$22

Personnel at Paramount Arts Center

NameTitleCompensation
Michael HobbsTreasurer$0
Mike HobbsPast Treasurer

Financials for Paramount Arts Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$808,939
Program services$2,322,860
Investment income and dividends$410
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$85,994
Net gain from sale of non-inventory assets$0
Net income from fundraising events$2,535
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,220,738

Form 990s for Paramount Arts Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-10990View PDF
2021-062022-04-14990View PDF
2020-062021-05-05990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
August 7, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
October 25, 2023
Received grants
Identified 2 new grant, including a grant for $14,000 from King's Daughters Medical Center / Ashland Hospital Corporation (KDMC)
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $8,700 from King's Daughters Medical Center / Ashland Hospital Corporation (KDMC)
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsPerforming arts centersTheatersCharities
Issues
Arts, cultural, and humanities
Characteristics
Fundraising eventsReceives government fundingEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
PO Box 1546
Ashland, KY 41105
Metro area
Huntington-Ashland, WV-KY-OH
County
Boyd County, KY
Website URL
paramountartscenter.com/ 
Phone
(606) 324-2175
Facebook page
Paramount-Arts-Center 
Twitter profile
@paramountjoe 
IRS details
EIN
61-1181883
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A61: Performing Arts Centers
NAICS code, primary
711110: Theater Companies and Dinner Theaters
Parent/child status
Independent
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