Paramount Center INC FY2020 filing

Tax-deductible

Rutland, VT501(c)(3)Since 1984EIN 22-2528303

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Operated a community based performing arts center through production of a wide variety of theatrical performances and provided the theatre facility for use by other community organizations to provide education and increased exposure to the performing arts.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $452K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $81K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$248K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
Spent
$1.6M
To programs
78%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$1.9M
FY2020
Revenue by fiscal year
FY2020$1.9M
FY2021$1.0M
FY2022$2.6M
FY2023$2.0M
FY2024$2.7M
FY2024$3.0M
Expenses
$1.6M
FY2020
Expenses by fiscal year
FY2020$1.6M
FY2021$827K
FY2022$1.4M
FY2023$1.8M
FY2024$2.3M
FY2024$2.1M
Net assets
$2.6M
FY2020
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$4.0M
FY2023$4.2M
FY2024$4.6M
FY2024$5.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.2M Management & general 19% · $309K Fundraising 2% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$130,860Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Bruce Bouchard Until 122020—————$130,860
Eric Mallette$123,734$112,672$102,790—$67,783—
Eric Mallette 21———$88,138——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Paramount Center INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents diverse theatrical performances and offers its venue for community arts education.

Provided by the organization

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1 program · $1.2M · in their own filed words · FY2019
01

Operated a community based performing arts center through production of a wide variety of theatrical performances and provided the theatre facility for use by other community organizations to provide education and increased exposure to the performing arts.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$433K
Other incomeLn 4–11$228K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$309K
Fundraisingcol D$33K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$610K
Total assetsLn 16$2.8M
LiabilitiesLn 26$248K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$433K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$2K
Other incomeLn 4–11$228K
Gains on assetsLn 7$0
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$610K
SavingsLn 2$0
Cash and savings togetherLn 1–2$610K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$2K
Total assetsLn 16$2.8M
LiabilitiesLn 26$248K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 534
VolunteersI 6120
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$168K$610K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.2M$2.2M
Total assetsLn 16$2.4M$2.8M
LiabilitiesLn 26$52K$248K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$131K$98K$33K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$222K$222K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$15K$11K$4K
Payroll taxesLn 10$32K$24K$8K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$750$250
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$1K$425
Advertising and promotionLn 12$13K$9K$3K
Office expensesLn 13$7K$5K$2K
Information technologyLn 14$6K$5K$2K
RoyaltiesLn 15$0
OccupancyLn 16$45K$33K$11K
TravelLn 17$174$131$43
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$786$590$196
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$151K$114K$38K
InsuranceLn 23$27K$20K$7K
Other expenses (24a–d)Ln 24$921K$691K$230K
All other expensesLn 24e$15K$11K$4K
Total functional expensesLn 25$1.6M$1.2M$309K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$2.3M$366K$4.6M 990 PDF
FY2023 $2.0M$1.8M$182K$4.2M 990 PDF
FY2022 $2.6M$1.4M$1.2M$4.0M 990 PDF
FY2021 $1.0M$827K$221K$2.8M 990 PDF
FY2020 Viewing $1.9M$1.6M$266K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,854,560 across 11 lines filed
VIII-1b Membership dues$84,431
VIII-1f All other contributions, gifts and grants$348,360
VIII-1h Total contributions, gifts and grants$432,791
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,191,899$1,191,899
VIII-3 Investment incomeExcluded from tax $1,796$1,796
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $94,774$94,774
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $133,300$133,300
VIII-12 Total revenueRelated to mission $133,300 · Excluded from tax $1,288,469$1,854,560
Part IX · Statement of functional expenses $1,588,165 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $98,145 · Fundraising $32,715$130,860
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $221,896$221,896
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,195 · Management $3,732$14,927
IX-10 Payroll taxesPrograms $24,079 · Management $8,026$32,105
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $750 · Management $250$1,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,276 · Management $425$1,701
IX-12 Advertising and promotionPrograms $9,459 · Management $3,153$12,612
IX-13 Office expensesPrograms $5,202 · Management $1,734$6,936
IX-14 Information technologyPrograms $4,668 · Management $1,556$6,224
IX-15 Royalties$0
IX-16 OccupancyPrograms $33,461 · Management $11,154$44,615
IX-17 TravelPrograms $131 · Management $43$174
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $590 · Management $196$786
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $113,540 · Management $37,846$151,386
IX-23 InsurancePrograms $20,128 · Management $6,709$26,837
IX-24 Other expenses (24a–d)Programs $690,913 · Management $230,303$921,216
IX-24e All other expensesPrograms $11,169 · Management $3,721$14,890
IX-25 Total functional expensesPrograms $1,246,602 · Management $308,848 · Fundraising $32,715$1,588,165
Part X · Balance sheet $2,814,048 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $168,353$609,960
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,181,615$2,202,587
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,500$1,501
X-16 Total assetsStart of year $2,351,468$2,814,048
X-25 Other liabilitiesStart of year $31,344$93,498
X-26 Total liabilitiesStart of year $51,930$248,115
X-27 Net assets without donor restrictionsStart of year $2,254,074$2,402,731
X-28 Net assets with donor restrictionsStart of year $45,464$163,202
X-32 Total net assets or fund balancesStart of year $2,299,538$2,565,933
X-33 Total liabilities and net assetsStart of year $2,351,468$2,814,048
Part XI · Reconciliation of net assets $2,565,933 net assets at year end
XI-1 Total revenue$1,854,560
XI-2 Total expenses$1,588,165
XI-3 Revenue less expenses$266,395
XI-4 Net assets at start of year$2,299,538
XI-10 Net assets at end of year$2,565,933

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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