Preservation and restoration of the Paramount theater, which is on the national register of historic places.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$80K 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

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $122K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$553K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+712% vs prior year
Spent
$2.3M
To programs
91%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$3.3M
FY2022▲ +712%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$407K
FY2022$3.3M
FY2023$2.2M
FY2024$1.8M
FY2025$2.0M
Expenses
$2.3M
FY2022▲ +293%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$586K
FY2022$2.3M
FY2023$2.1M
FY2024$1.8M
FY2025$2.2M
Net assets
$1.6M
FY2022▲ +165%
Tap a bar for its year
Net assets by fiscal year
FY2020$692K
FY2021$606K
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2025$1.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1989.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $2.1M Management & general 9% · $202K Fundraising 0% · $9K

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

19 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$79,649Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2020
Jennifer Hayes—$66,391$74,959$79,649—
Miles Marek————$78,000
Sarah Beth Carter$52,470————

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 The Paramount Foundation 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

Preserves and restores a historic theater listed on the National Register.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2021
01

Providing artistic and musical performances to the general public to enhance and expand the appreciation of the artsin the bristol and surrounding region.

$2.1Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$36K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.1M
Managementcol C$202K
Fundraisingcol D$9K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$854K
Total assetsLn 16$2.2M
LiabilitiesLn 26$553K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$870
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$2K
Other incomeLn 4–11$36K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$809K
Cash and savings togetherLn 1–2$854K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$2.2M
LiabilitiesLn 26$553K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 525
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$324K$854K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.6M$2.2M
LiabilitiesLn 26$1.0M$553K
Net assetsLn 32$606K$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$408K$360K$40K$8K
Payroll taxesLn 10$35K$31K$3K$680
Accounting feesLn 11c$17K$8K$9K
Other fees for servicesLn 11g$147$147
Advertising and promotionLn 12$106K$106K
OccupancyLn 16$139K$118K$21K
TravelLn 17$4K$4K
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$157K$157K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$1.4M$1.3M$81K$217
Total functional expensesLn 25$2.3M$2.1M$202K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.2M−$218K$1.4M 990 PDF
FY2024 $1.8M$1.8M−$7K$1.7M 990 PDF
FY2023 $2.2M$2.1M$88K$1.7M 990 PDF
FY2022 Viewing $3.3M$2.3M$998K$1.6M 990 PDF
FY2021 $407K$586K−$180K$606K 990 PDF
FY2020 $1.8M$1.8M$53K$692K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,301,489 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,370$1,586,177
I-9 Program service revenuePrior year $7,184$1,676,945
I-10 Investment incomePrior year $1,568$2,217
I-11 Other revenuePrior year $6,709$36,150
I-12 Total revenuePrior year $406,831$3,301,489
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $178,223$442,453
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $408,160$1,860,970
I-18 Total expensesPrior year $586,383$2,303,423
I-19 Revenue less expensesPrior year −$179,552$998,066
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,301,489 across 8 lines filed
VIII-1e Government grants$1,176,047
VIII-1f All other contributions, gifts and grants$410,130
VIII-1g Noncash contributions (included above)$870
VIII-1h Total contributions, gifts and grants$1,586,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,676,945$1,676,945
VIII-3 Investment incomeRelated to mission $2,217$2,217
VIII-6 Net rental income or lossRelated to mission $36,150$36,150
VIII-12 Total revenueRelated to mission $1,715,312 · Unrelated business $0 · Excluded from tax $0$3,301,489
Part IX · Statement of functional expenses $2,303,423 across 11 lines filed
IX-7 Other salaries and wagesPrograms $359,857 · Management $39,825 · Fundraising $7,965$407,647
IX-10 Payroll taxesPrograms $30,726 · Management $3,400 · Fundraising $680$34,806
IX-11c Accounting feesPrograms $8,000 · Management $8,797$16,797
IX-11g Other fees for servicesManagement $147$147
IX-12 Advertising and promotionPrograms $105,527$105,527
IX-16 OccupancyPrograms $118,290 · Management $20,875$139,165
IX-17 TravelManagement $3,726$3,726
IX-20 InterestManagement $19,087$19,087
IX-22 Depreciation, depletion and amortizationPrograms $156,603$156,603
IX-23 InsuranceManagement $24,659$24,659
IX-24 Other expenses (24a–d)Programs $1,313,550 · Management $81,492 · Fundraising $217$1,395,259
IX-25 Total functional expensesPrograms $2,092,553 · Management $202,008 · Fundraising $8,862$2,303,423
Part X · Balance sheet $2,156,757 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $118,238$44,918
X-2 Savings and temporary cash investmentsStart of year $205,577$809,154
X-4 Accounts receivable$274
X-8 Inventories for sale or useStart of year $1,583$1,583
X-9 Prepaid expenses and deferred chargesStart of year $9,500$2,690
X-10c Land, buildings and equipment, netStart of year $1,286,443$1,298,138
X-16 Total assetsStart of year $1,621,341$2,156,757
X-17 Accounts payable and accrued expensesStart of year $35,612$48,310
X-19 Deferred revenueStart of year $550,811$90,632
X-26 Total liabilitiesStart of year $1,015,397$552,747
X-27 Net assets without donor restrictionsStart of year $581,899$1,528,265
X-28 Net assets with donor restrictionsStart of year $24,045$75,745
X-32 Total net assets or fund balancesStart of year $605,944$1,604,010
X-33 Total liabilities and net assetsStart of year $1,621,341$2,156,757
Part XI · Reconciliation of net assets $1,604,010 net assets at year end
XI-1 Total revenue$3,301,489
XI-2 Total expenses$2,303,423
XI-3 Revenue less expenses$998,066
XI-4 Net assets at start of year$605,944
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,604,010

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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