Overview
What is The Paramount Theater Of Charlottesville Inc?
The Paramount Theater of Charlottesville Inc, located at 215 E Main Street, Charlottesville, Virginia, is a nonprofit performing arts center dedicated to serving diverse community audiences. Established in a restored historic venue, the theater has welcomed over 1.3 million visitors since its reopening in 2004, hosting a variety of events such as live performances, movies, educational programs, and community events. The theater has experienced a significant increase in attendance since the COVID-19 pandemic has subsided, with a goal to host over 250 events and welcome more than 75,000 attendees this season. The Paramount's mission is to educate, enchant, enrich, and enlighten through the power of arts, providing high-quality programming and accessibility for the artistic and charitable benefit of the entire community while driving economic vitality for Charlottesville, Albemarle, and the Central Virginia region. The theater employs 30 individuals, committed to ensuring safe and diverse entertainment for all guests, staff, and volunteers, serving as a beacon of inspiration to the local and visiting community.
Official website here: www.theparamount.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Paramount Theater of Charlottesville Inc has received an impressive Four-Star rating from Charity Navigator, highlighting its strong accountability and financial practices. The organization scored 96% overall, with its rating reflecting a sole focus on accountability and finance, which signifies a robust commitment to transparency and responsible management of funds.
Key strengths of the organization include a fully independent board, with all eight members meeting the criteria for independence. Additionally, the financial oversight is well-managed, as demonstrated by a strong audit and oversight committee, and the absence of any material diversion of assets. Furthermore, the organization has established comprehensive policies regarding conflicts of interest, whistleblowing, and document retention.
While the financial practices are commendable, the data does not point out any specific limitations regarding program effectiveness or community impact, as the focus of the rating is primarily on financial accountability. Overall, the Paramount Theater of Charlottesville Inc demonstrates a high level of integrity and responsibility in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Paramount Theater Of Charlottesville Inc legitimate?
The Paramount Theater Of Charlottesville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Paramount Theater Of Charlottesville Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $217,747
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,133,607
For more financial information, click here
Official website here: www.theparamount.net
What is the mission statement of The Paramount Theater Of Charlottesville Inc?
The Paramount Theater of Charlottesville Inc's mission is centered around enriching and educating the community through the arts. This nonprofit organization aims to provide high-quality programming, fostering a sense of accessibility and artistic benefit for its entire community. Furthermore, the theater contributes to economic vitality in its region by hosting a variety of events, including live performances, movies, and community gatherings. Since its reopening in 2004, the theater has welcomed over 1.3 million visitors, with attendance gradually increasing as the COVID-19 pandemic subsides. The Paramount Theater continues to serve as a cultural hub, committing to offering safe and diverse entertainment for its guests, staff, and volunteers, ultimately acting as a source of inspiration for its local and visiting community.
Official website here: www.theparamount.net
What is the revenue of The Paramount Theater Of Charlottesville Inc?
The Paramount Theater Of Charlottesville Inc's revenue in 2024 was $3,743,554.
Official website here: www.theparamount.net
Who are the executives of The Paramount Theater Of Charlottesville Inc and what are their salaries?
The average compensation at The Paramount Theater Of Charlottesville Inc during 2024 was $33,784. There are 40 employees and 169 volunteers at The Paramount Theater Of Charlottesville Inc.
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- Compensation: $107,078
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- Compensation: $67,119
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Official website here: www.theparamount.net
Where can I find the form 990 for The Paramount Theater Of Charlottesville Inc?
The Paramount Theater Of Charlottesville Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.theparamount.net
Learn more at the official website: www.theparamount.net
Mission Statement of The Paramount Theater Of Charlottesville Inc
The Paramount Theater of Charlottesville Inc is a nonprofit organization with a mission to educate, enchant, enrich, and enlighten the community through the power of the arts. This historic entity strives to provide high-quality programming and accessibility, benefiting a wide range of audiences while stimulating economic vitality in Charlottesville, Albemarle, and the Central Virginia region. Since reopening in 2004, the Paramount Theater has welcomed over 1.3 million visitors to various events, including live performances, movies, and community events. Despite the impact of the COVID-19 pandemic, the theater has continued to attract guests and is on track to host over 250 events with more than 75,000 attendees this season. The Paramount Theater serves as a community hub, offering diverse entertainment options and committing to the safety and inclusivity of its guests, staff, and volunteers.
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Impact
August, 2024
The Paramount Theater of Charlottesville Inc has had a significant impact on the community by providing high-quality programming and accessibility to the arts. Since reopening in 2004, the theater has welcomed over 1.3 million visitors to a wide range of events including live performances, movies, guided tours, meetings, and free community events. Even in the face of challenges like the COVID-19 pandemic, the theater has remained a beacon of inspiration, hosting over 250 events with more than 75,000 attendees in the current season. The Paramount Theater continues to serve as Charlottesville's "living room," offering safe and diverse entertainment options for all guests, staff, and volunteers. It plays a vital role in driving economic vitality for the Charlottesville, Albemarle, and the central Virginia region, enriching the community through the power of the arts.
This information is meant to be a general summary of The Paramount Theater Of Charlottesville Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $53,808
- Program Service Revenue: $2,432,786
- Gross Receipts: $3,795,661
Assets and Liabilities:
- Total Assets: $2,248,840
- Total Liabilities: $464,579
- Net Assets: $1,784,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE RELATED REVENUE
Revenue
$2,432,786
Organization Details
Founding Year
2004
Principal Officer
Julie A Montross
Website
www.theparamount.netNTEE Category
Code: A60 - Arts
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