Paramount Hudson Valley Arts FY2020 filing

Tax-deductible

Peekskill, NY501(c)(3)Arts & CultureEIN 46-4031449Revenue $308K in FY2020

On file with the IRSparamounthudsonvalleyarts.org1008 Brown St, 10566-3606 · Peekskill, NYTax-exempt since Dec 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is organized exclusively for charitable, religious, education and scientific purposes to provide diverse programs for cultural enrichment and Arts-in-education through the performing Arts for the benefit of the communities in and adjacent to northern westchester and southern putnam counties in new york state.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$35K 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 6
filings with a surplus
Average surplus $135K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
-65% vs prior year
Spent
$296K
To programs
67%
Net assets
$263K
By yearFY2019–FY2024
Revenue
$308K
FY2020▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2019$873K
FY2020$308K
FY2021$1.2M
FY2022$1.4M
FY2023$2.2M
FY2024$3.4M
Expenses
$296K
FY2020▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2019$648K
FY2020$296K
FY2021$679K
FY2022$1.5M
FY2023$2.1M
FY2024$3.3M
Net assets
$263K
FY2020▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2019$250K
FY2020$263K
FY2021$793K
FY2022$689K
FY2023$706K
FY2024$813K

From the FY2020 Form 990 · 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 Dec 2015.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $198K Management & general 33% · $98K

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

8 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$19,500Pt VII · Sec A
Treasurer
$15,836Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Abigail Adams’s $51K as President is at the 5th percentile of top reported officer pay among 3925 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2020FY2019
Abigail Adams$51,100$19,500$25,850
Sharon Dipalo—$15,836—

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.

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Enriches communities through performing arts programs and arts-in-education initiatives.

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Provided by the organization

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3 programs · $53K · in their own filed words · FY2020
01

"sinbad"sinbad brings his standup comedy to the paramount stage again for a night of good clean fun and laughter.

$27Kprogram expense
02

"laurie berkner" a concert for the whole family. Laurie berkner has been a professional musician since 1992 . Critics widely acknowledge laurie's major contribution toward launching what is now dubbed the progressive "kindie rock" movement - I.E. Less saccharine, more rocking music that is not dumbed down for children.

$20Kprogram expense
03

"lez zeppelin"lez zeppelin, the new york city-based all-girl band has gained worldwide critical acclaim for the musicianship, passion and gender-bending audacity they bring to the music of led zeppelin.

$6Kprogram 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
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Fees for servicesLn 2g$224K
Gifts and grantsLn 1h$57K
Other incomeLn 4–11$28K
Money outPt IX
$296K
Ln 25
Programscol B$198K
Managementcol C$98K
Owns and owesPt X
$263K
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$273K
LiabilitiesLn 26$11K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Fees for servicesLn 2g$224K
Other incomeLn 4–11$28K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
Land, buildings, equipmentLn 10c$56K
Total assetsLn 16$273K
LiabilitiesLn 26$11K
Net assetsLn 32$263K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
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$233K$217K
Land, buildings, equipmentLn 10c$71K$56K
Total assetsLn 16$305K$273K
LiabilitiesLn 26$55K$11K
Net assetsLn 32$250K$263K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$35K
Other salaries and wagesLn 7$31K$16K$15K
Payroll taxesLn 10$5K$2K$3K
Legal feesLn 11b$14K$14K
Other fees for servicesLn 11g$15K$9K$6K
Advertising and promotionLn 12$22K$20K$2K
Office expensesLn 13$2K$619$1K
Conferences, conventions and meetingsLn 19$775$775
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$11K$5K$7K
Other expenses (24a–d)Ln 24$123K$117K$6K
All other expensesLn 24e$20K$13K$7K
Total functional expensesLn 25$296K$198K$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$3.3M$107K$813K 990 PDF
FY2023 $2.2M$2.1M$40K$706K 990 PDF
FY2022 $1.4M$1.5M−$104K$689K 990 PDF
FY2021 $1.2M$679K$531K$793K 990 PDF
FY2020 Viewing $308K$296K$12K$263K 990 PDF
FY2019 $873K$648K$225K$250K 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 $308,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,450$56,535
I-9 Program service revenuePrior year $729,138$223,504
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $88,287$28,271
I-12 Total revenuePrior year $872,875$308,310
I-13 Grants and similar amounts paidPrior year $3,200$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $125,492$71,704
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $519,176$224,133
I-18 Total expensesPrior year $647,868$295,837
I-19 Revenue less expensesPrior year $225,007$12,473
Part VI · Governance 7 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $308,310 across 5 lines filed
VIII-1f All other contributions, gifts and grants$56,535
VIII-1h Total contributions, gifts and grants$56,535
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,504$223,504
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,271$28,271
VIII-12 Total revenueRelated to mission $251,775 · Unrelated business $0 · Excluded from tax $0$308,310
Part IX · Statement of functional expenses $295,837 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $35,336$35,336
IX-7 Other salaries and wagesPrograms $15,808 · Management $15,407$31,215
IX-10 Payroll taxesPrograms $1,731 · Management $3,422$5,153
IX-11b Legal feesManagement $13,725$13,725
IX-11g Other fees for servicesPrograms $9,368 · Management $6,000$15,368
IX-12 Advertising and promotionPrograms $19,770 · Management $2,311$22,081
IX-13 Office expensesPrograms $619 · Management $1,481$2,100
IX-19 Conferences, conventions and meetingsManagement $775$775
IX-22 Depreciation, depletion and amortizationPrograms $15,000$15,000
IX-23 InsurancePrograms $4,581 · Management $6,720$11,301
IX-24 Other expenses (24a–d)Programs $117,359 · Management $6,072$123,431
IX-24e All other expensesPrograms $13,410 · Management $6,942$20,352
IX-25 Total functional expensesPrograms $197,646 · Management $98,191 · Fundraising $0$295,837
Part X · Balance sheet $273,277 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $233,340$217,027
X-9 Prepaid expenses and deferred chargesStart of year $870$0
X-10c Land, buildings and equipment, netStart of year $71,250$56,250
X-16 Total assetsStart of year $305,460$273,277
X-25 Other liabilitiesStart of year $5,385$29
X-26 Total liabilitiesStart of year $55,385$10,729
X-32 Total net assets or fund balancesStart of year $250,075$262,548
X-33 Total liabilities and net assetsStart of year $305,460$273,277
Part XI · Reconciliation of net assets $262,548 net assets at year end
XI-1 Total revenue$308,310
XI-2 Total expenses$295,837
XI-3 Revenue less expenses$12,473
XI-4 Net assets at start of year$250,075
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$262,548

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

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