Overview
What is Paramount Heritage Foundation Inc?
Paramount Heritage Foundation Inc is a nonprofit organization based in Anderson, Indiana. Their primary mission is to promote and celebrate arts and entertainment through the restoration and operation of an historical theatre. They aim to provide facilities for literary, educational, cultural, and charitable organizations to present various theatre troupes, dance companies, orchestras, musical ensembles, and other forms of artistic entertainment. This initiative aims to foster an appreciation for these endeavors within the community as a whole. Additionally, the foundation encourages and supports such organizations by raising funds for their maintenance and activities, benefiting the public. The foundation operates with a team of 12 dedicated individuals.
Official website here: www.andersonparamount.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health for Paramount Heritage Foundation Inc. While the foundation excels in areas such as having an entirely independent board and a strong program expense ratio of 89.85%, several critical governance policies are lacking.
The organization has demonstrated a commitment to proper governance with all board members being independent and no material diversion of assets noted. However, it falls short in implementing essential policies such as a whistleblower policy and a document retention policy. Moreover, the absence of their tax form on their website raises concerns about transparency.
Overall, while Paramount Heritage Foundation Inc shows strengths in financial management and board governance, the missing policies and documentation suggest areas for improvement to enhance accountability and trust with stakeholders. These limitations could impact how potential donors perceive the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Heritage Foundation Inc legitimate?
Paramount Heritage Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Heritage Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,694
For more financial information, click here
Official website here: www.andersonparamount.org
What is the mission statement of Paramount Heritage Foundation Inc?
The Paramount Heritage Foundation Inc's mission is centered around promoting arts and entertainment. They achieve this by restoring and operating a historical theatre, providing facilities for literary, educational, cultural, and charitable organizations to present various theatre troupes, dance companies, orchestras, musical ensembles, and other artistic entertainment. This is done to increase the community's awareness and appreciation for such endeavors. The foundation also works to promote and encourage these organizations, raising funds for their support and maintenance to benefit the public.
Official website here: www.andersonparamount.org
Who is the CEO of Paramount Heritage Foundation Inc?
Randall L Hammel is the Exec Member of Paramount Heritage Foundation Inc.
Official website here: www.andersonparamount.org
What is the revenue of Paramount Heritage Foundation Inc?
Paramount Heritage Foundation Inc's revenue in 2023 was $1,096,022.
Official website here: www.andersonparamount.org
Who are the executives of Paramount Heritage Foundation Inc and what are their salaries?
The average compensation at Paramount Heritage Foundation Inc during 2023 was $20,224. There are 12 employees and 20 volunteers at Paramount Heritage Foundation Inc.
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Official website here: www.andersonparamount.org
Where can I find the form 990 for Paramount Heritage Foundation Inc?
Paramount Heritage Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.andersonparamount.org
Learn more at the official website: www.andersonparamount.org
Mission Statement of Paramount Heritage Foundation Inc
Paramount Heritage Foundation, a nonprofit organization, is dedicated to promoting the arts and entertainment genre. They achieve this mission by restoring and operating a historical theatre. This venue serves as a platform for various literary, educational, cultural, and charitable organizations to present theatrical performances. These performances feature theatre groups, dance companies, renowned orchestras, musical ensembles, and other artistic entertainment forms. The goal is to foster awareness and appreciation for these endeavors within the community as a whole.
To further support and encourage these organizations, Paramount Heritage Foundation raises funds for their activities and the maintenance of the historical theatre. By providing facilities for these organizations, the foundation contributes to the vibrant cultural landscape of the community, offering opportunities for engagement and enjoyment of the arts. Through its efforts, Paramount Heritage Foundation fosters an environment where the arts can thrive and be appreciated by a wide audience.
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Impact
October, 2024
Paramount Heritage Foundation Inc significantly enhances the cultural landscape of Anderson, Indiana, by restoring and operating a historical theatre that serves as a hub for the arts and entertainment. This initiative fosters a vibrant community atmosphere where local and regional theatre troupes, dance companies, orchestras, and other artistic ensembles can present their work, thereby enriching the cultural experience for residents and visitors alike.
Through its programming, the Foundation promotes knowledge and appreciation for various forms of artistic entertainment, ensuring that diverse performances are accessible to the public. The venue not only showcases high-quality performances but also collaborates with literary, educational, and charitable organizations, providing them with a platform to engage the community through theatrical presentations and special events.
By raising funds for the maintenance and support of these facilities and activities, the Foundation plays a crucial role in sustaining the arts within the community. Ultimately, its impact is felt through a heightened awareness and appreciation of the arts, contributing to the community's cultural identity and cohesion.
This information is meant to be a general summary of Paramount Heritage Foundation 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 2023.
- Program Service Revenue: $318,599
- Gross Receipts: $1,096,022
Assets and Liabilities:
- Total Assets: $2,642,983
- Total Liabilities: $487,204
- Net Assets: $2,155,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$222,695
MERCHANDISE
Revenue
$85,784
RENTAL INCOME
Revenue
$10,120
Organization Details
Founding Year
1989
Phone
(765) 642-1234Principal Officer
Randall L Hammel
Main Address
PO BOX 727, ANDERSON, IN, 460150727
Website
www.andersonparamount.orgNTEE Category
Code: A610 - Arts
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