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Paramount Arts Centre INC FY2020 filing

Tax-deductible

Aurora, IL501(c)(3)Arts & CultureEIN 36-3189061Revenue $2.1M in FY2020

On file with the IRSparamountaurora.com8 E Galena Blvd Ste 230, 60506-4161 · Aurora, ILTax-exempt since Oct 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Paramount theatre seeks to be the highest quality broadway producing house in the chicago area.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average surplus $27 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $158K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$2.1M
To programs
100%
Net assets
$35K
By yearFY2020–FY2024
Revenue
$2.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.1M
FY2021$1.1M
FY2022$1.5M
FY2023$1.5M
FY2024$2.4M
Expenses
$2.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.1M
FY2021$1.1M
FY2022$1.5M
FY2023$1.5M
FY2024$2.4M
Net assets
$35K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$35K
FY2021$35K
FY2021$35K
FY2022$35K
FY2023$35K
FY2024$35K

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

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1982.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Gina Moga
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Baum
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Savage
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Paramount Arts Centre 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 15aNo

Programs and updates

Produces high-quality Broadway shows in the Chicago area.

Questions for Paramount Arts Centre INC

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2019
01

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.

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Community Foundation of the Fox River ValleyFY2025$133K
Greenstate Credit UnionFY2025$25K
The Gendell Family Foundation INCFY2025$500
Total grants receivedfrom 3 funders$158K
See all 3 funders →
Grants paid · 3 grants · $6.0M · 2019–2024
Aurora Civic Center AuthorityFY2024$2,365,101
Aurora Civic Center AuthorityFY2023$1,529,838
Aurora Civic Center AuthorityFY2019$2,103,256

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$8K
Investment incomeLn 3$18
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$2K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$27K
Fundraising eventsLn 1c$30K
Investment incomeLn 3$18
Other incomeLn 4–11$8K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$2K
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$36K$37K
Total assetsLn 16$36K$37K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$35K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.1M$2.1M
Total functional expensesLn 25$2.1M$2.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.4M−$22$35K 990 PDF
FY2023 $1.5M$1.5M−$15$35K 990 PDF
FY2022 $1.5M$1.5M$5$35K 990 PDF
FY2021 $1.1M$1.1M$151$35K 990 PDF
FY2020 Viewing $2.1M$2.1M$18$35K 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 (6 parts)
Part I · Summary $2,103,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,375,963$2,094,761
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18$18
I-11 Other revenuePrior year −$692$8,495
I-12 Total revenuePrior year $2,375,289$2,103,274
I-13 Grants and similar amounts paidPrior year $2,375,271$2,103,256
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47$0
I-18 Total expensesPrior year $2,375,318$2,103,256
I-19 Revenue less expensesPrior year −$29$18
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,103,274 across 8 lines filed
VIII-1c Fundraising events$30,394
VIII-1d Related organizations$102,467
VIII-1e Government grants$26,938
VIII-1f All other contributions, gifts and grants$1,934,962
VIII-1h Total contributions, gifts and grants$2,094,761
VIII-3 Investment incomeExcluded from tax $18$18
VIII-8 Net income from fundraising eventsExcluded from tax $8,495$8,495
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,513$2,103,274
Part IX · Statement of functional expenses $2,103,256 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $2,103,256$2,103,256
IX-25 Total functional expensesPrograms $2,103,256 · Management $0 · Fundraising $0$2,103,256
Part X · Balance sheet $37,117 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $36,470$37,117
X-16 Total assetsStart of year $36,470$37,117
X-25 Other liabilitiesStart of year $1,831$2,460
X-26 Total liabilitiesStart of year $1,831$2,460
X-28 Net assets with donor restrictionsStart of year $34,639$34,657
X-32 Total net assets or fund balancesStart of year $34,639$34,657
X-33 Total liabilities and net assetsStart of year $36,470$37,117
Part XI · Reconciliation of net assets $34,657 net assets at year end
XI-1 Total revenue$2,103,274
XI-2 Total expenses$2,103,256
XI-3 Revenue less expenses$18
XI-4 Net assets at start of year$34,639
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,657

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

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