Overview
What is Paramount Center Inc?
Paramount Center Inc, based in Rutland, Vermont, serves as a community-focused performing arts center. The organization operates by presenting a diverse range of theatrical performances, showcasing various artistic expressions. Moreover, it extends its facilities to other community organizations, fostering their educational initiatives and broadening exposure to the performing arts. With a team of 25 dedicated individuals, Paramount Center Inc plays a significant role in enriching the local cultural scene and fostering community engagement.
Official website here: www.paramountvt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Paramount Center Inc has received a two-star rating from Charity Navigator, scoring 69% overall. The high percentage of independent board members reflects strong governance, which is a significant strength for the organization. However, the nonprofit's lack of financial transparency, evidenced by missing financial statements and policies related to conflict of interest and whistleblowing, raises concerns about accountability.
While the organization has a solid program expense ratio of 76.59%, indicating a healthy focus on programmatic activities, the absence of key financial documents diminishes its credibility. The liabilities to assets ratio is favorable at 14.10%, which suggests that the organization is managing its debts well. Nonetheless, the missing policies and documentation highlight areas for improvement in governance and public trust.
Overall, while Paramount Center Inc demonstrates effective governance and a commitment to its programs, it must address its financial transparency and policy deficiencies to enhance its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Center Inc legitimate?
Paramount Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Center 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: $88,138
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,284
For more financial information, click here
Official website here: www.paramountvt.org
What is the mission statement of Paramount Center Inc?
Paramount Center Inc operates a community-based performing arts center, serving as a platform for diverse theatrical performances. Its primary mission is to foster education and exposure to the performing arts. The center achieves this by producing a wide range of performances and making its facilities available for other community organizations to conduct their own educational programs. This approach aims to enrich the local community by providing a platform for artistic expression and learning.
Official website here: www.paramountvt.org
Who is the CEO of Paramount Center Inc?
Eric Mallette is the Executive Dir. of Paramount Center Inc.
Official website here: www.paramountvt.org
What is the revenue of Paramount Center Inc?
Paramount Center Inc's revenue in 2022 was $2,634,651.
Official website here: www.paramountvt.org
Who are the executives of Paramount Center Inc and what are their salaries?
The average compensation at Paramount Center Inc during 2022 was $10,337. There are 25 employees and 120 volunteers at Paramount Center Inc.
Here are 15 key members and their salaries:
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Official website here: www.paramountvt.org
Where can I find the form 990 for Paramount Center Inc?
Paramount Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paramountvt.org
Learn more at the official website: www.paramountvt.org
Mission Statement of Paramount Center Inc
Paramount Center Inc, a nonprofit organization, is dedicated to operating a community-based performing arts center. Its mission is twofold: firstly, it produces a diverse array of theatrical performances, thereby offering a rich cultural experience to the community. Secondly, Paramount Center Inc makes its theatre facility available for other community organizations, enabling them to provide educational programs and boost exposure to the performing arts. In essence, Paramount Center Inc serves as a catalyst for the growth and enrichment of the local performing arts scene, fostering learning and appreciation for various theatrical genres.
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Impact
October, 2024
Paramount Center Inc has significantly enriched the cultural landscape of Rutland, Vermont, by operating a vibrant community-based performing arts center. Through a diverse array of theatrical performances, it has engaged audiences and showcased local talent, fostering a deeper appreciation for the arts within the community. Additionally, by offering its theatre facility to various local organizations, Paramount Center Inc has facilitated educational opportunities and increased exposure to performing arts, allowing for a broader range of artistic expressions and community involvement. This commitment not only enhances the local cultural fabric but also promotes collaboration and creativity among community members, ensuring that the arts remain an integral part of Rutland's identity.
This information is meant to be a general summary of Paramount Center 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 2022.
- Investment Income: $8,086
- Program Service Revenue: $921,193
- Gross Receipts: $2,641,355
Assets and Liabilities:
- Total Assets: $4,350,370
- Total Liabilities: $313,618
- Net Assets: $4,036,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATRE OPERATIONS
Revenue
$921,193
Organization Details
Founding Year
1984
Phone
(802) 775-0570Principal Officer
Eric Mallette
Main Address
30 CENTER STREET, RUTLAND, VT, 05701
Website
www.paramountvt.orgNTEE Category
Code: A61 - Arts
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