Overview
What is Paramount Arts Centre?
The Paramount Arts Centre, situated in Aurora, Illinois (specifically at 8 EAST GALENA 230), is a renowned nonprofit organization that has made it its mission to promote and advertise theatrical events. Their ultimate goal is to foster an appreciation for the performing and visual arts within their community. As the highest quality Broadway producing house in the Chicago area, the Paramount Theatre strives to provide a wide range of theatrical performances that are accessible for individuals from varying age groups and socio-economic backgrounds. By introducing the magic of live theatre across generations, the centre aims to inspire expansive imaginations and broaden perspectives of people and the world. Furthermore, the Paramount Arts Centre contributes to the future stability and growth of Aurora's downtown by being a defining catalyst for personal and community transformation.
Official website here: www.paramountaurora.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Paramount Arts Centre has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a perfect score of 100% in several key areas, including a majority independent board and robust financial oversight, the organization demonstrates a high level of transparency and governance. The overall score is based entirely on its accountability and finance, showcasing its effectiveness in these domains.
One of the standout features of the Paramount Arts Centre is its financial management, evidenced by a low liabilities to assets ratio of just 10.54%. This suggests a solid financial foundation and the ability to sustain operations without excessive debt. Additionally, the organization maintains a program expense ratio of 100%, indicating that all its expenses are allocated towards its mission-driven programs.
While the organization excels in various financial metrics, potential donors and stakeholders may want to consider how the Paramount Arts Centre engages with its community and the outcomes of its programs. However, based on the available data, the nonprofit appears to be diligently managed and well-resourced to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Arts Centre legitimate?
Paramount Arts Centre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Arts Centre 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:
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For more financial information, click here
Official website here: www.paramountaurora.com
What is the mission statement of Paramount Arts Centre?
The Paramount Theatre aspires to be the premier Broadway producing house in its local area, striving for the highest quality productions. It is committed to serving as a catalyst for personal and community transformation by making performing arts accessible to individuals from various age groups and socio-economic backgrounds. The theatre aims to introduce the charm of live theatre across generations, fostering expansive imaginations and broad perspectives of people and the world. Furthermore, it contributes to the future stability and growth of its community, specifically the downtown area.
Official website here: www.paramountaurora.com
Who is the CEO of Paramount Arts Centre?
Jonathan Hylton is the Chair of Paramount Arts Centre.
Official website here: www.paramountaurora.com
What is the revenue of Paramount Arts Centre?
Paramount Arts Centre's revenue in 2022 was $1,508,456.
Official website here: www.paramountaurora.com
Who are the executives of Paramount Arts Centre and what are their salaries?
There 9 volunteers at Paramount Arts Centre.
Here are 9 key members and their salaries:
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Official website here: www.paramountaurora.com
Where can I find the form 990 for Paramount Arts Centre?
Paramount Arts Centre's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paramountaurora.com
Learn more at the official website: www.paramountaurora.com
Mission Statement of Paramount Arts Centre
The Paramount Arts Centre, with a mission to distinguish itself as the premier Broadway producing house in the Chicago area, is committed to serving as a catalyst for personal and community transformation. This esteemed organization aims to make the performing arts accessible to individuals from various age groups and socio-economic backgrounds, fostering an environment where the magic of live theatre can be experienced across generations. By encouraging expansive imaginations and broad views of people and the world, the Paramount Arts Centre strives to inspire and enlighten its audience. Furthermore, this nonprofit contributes to the future stability and growth of its community, demonstrating its dedication to the betterment of its patrons and the world at large.
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Impact
October, 2024
The Paramount Arts Centre plays a crucial role in fostering a vibrant cultural landscape in Aurora, Illinois. By positioning itself as a premier Broadway producing house in the Chicago area, it brings high-quality theatrical performances to the community, enhancing the local arts scene. The Centre's commitment to accessibility ensures that individuals from all ages and socio-economic backgrounds can experience the transformative power of live theatre.
Through its promotion and advertising of theatrical events, the Paramount Arts Centre not only showcases the performing and visual arts but also cultivates a deeper appreciation for these art forms within the community. This effort encourages audiences to engage with the arts, sparking creativity and expanding perspectives on diverse cultures and experiences.
Additionally, the Centre acts as a catalyst for personal and community transformation, enriching the lives of residents while contributing to the economic growth of Aurora's downtown area. By attracting visitors and supporting local businesses, the Paramount Arts Centre enhances the overall vitality and sustainability of the community, making it an essential part of Aurora's social and cultural fabric.
This information is meant to be a general summary of Paramount Arts Centre. 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: $5
- Gross Receipts: $1,508,456
Assets and Liabilities:
- Total Assets: $38,763
- Total Liabilities: $4,089
- Net Assets: $34,674
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Organization Details
Founding Year
1984
Phone
(630) 896-7676Principal Officer
Jonathan Hylton
Main Address
8 EAST GALENA 230, AURORA, IL, 60506
Website
www.paramountaurora.comNTEE Category
Code: A610 - Arts
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