Overview
What is Paramount Theatre For The Performing Arts Inc?
Paramount Theatre For The Performing Arts Inc, established in Austin, Texas, serves as a vibrant cultural hub for generations of locals. Originally opened as a vaudeville house in 1915, the historic theatre has preserved its original features and outstanding acoustics for live performances, while also accommodating digital, 70mm, and 35mm films. The theatre is more than just a venue, as it hosts numerous events annually, including educational programs for over 15,000 Central Texas students. Among these events are the Moontower Just for Laughs Festival, a significant comedy event, and the SXSW, Austin Film Festival, and beyond. The Paramount Theatre also collaborates with local organizations to remove economic barriers to accessing the arts through community programs. As an iconic venue in downtown Austin, it plays a crucial role in connecting people and strengthening community by presenting diverse performances across genres and creating magical experiences.
Official website here: www.austintheatre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Paramount Theatre For The Performing Arts Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The overall score reflects a commitment to transparency and effective governance, with a perfect score in all assessed categories. This organization demonstrates strong oversight through its independent board and comprehensive financial policies.
The theater's board is composed entirely of independent members, showcasing robust governance practices. Additionally, the organization has implemented effective financial oversight mechanisms, including an audit and oversight committee that adds to its credibility. The low liabilities to assets ratio of 0.15% further highlights its solid financial health, allowing it to focus on its mission effectively.
While the organization excels in accountability, there are no noted limitations in the data available. The Paramount Theatre For The Performing Arts Inc appears to be a well-managed entity dedicated to its cause, successfully utilizing its resources to achieve its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Theatre For The Performing Arts Inc legitimate?
Paramount Theatre For The Performing Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Theatre For The Performing Arts 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: $0
For more financial information, click here
Official website here: www.austintheatre.org
What is the mission statement of Paramount Theatre For The Performing Arts Inc?
Paramount Theatre For The Performing Arts Inc's mission is centered around inspiring generations and strengthening community. They achieve this by showcasing a diverse range of performances, providing life-changing arts education programs, and creating magical experiences in iconic venues. These initiatives aim to connect people and foster a sense of community. The theatre also offers opportunities for students through educational programs and collaborates with local organizations to remove economic barriers to arts access. Additionally, it hosts several renowned festivals and events, such as SXSW and Austin Film Festival, and preserves Austin's history by working with experts in its preservation.
Official website here: www.austintheatre.org
Who is the CEO of Paramount Theatre For The Performing Arts Inc?
H James Ritts is the Principal Officer of Paramount Theatre For The Performing Arts Inc.
Official website here: www.austintheatre.org
What is the revenue of Paramount Theatre For The Performing Arts Inc?
Paramount Theatre For The Performing Arts Inc's revenue in 2022 was $1,041,143.
Official website here: www.austintheatre.org
Who are the executives of Paramount Theatre For The Performing Arts Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Related: $446,502
- Other: $8,686
- Compensation: $0
- Related: $174,950
- Other: $8,686
Official website here: www.austintheatre.org
Where can I find the form 990 for Paramount Theatre For The Performing Arts Inc?
Paramount Theatre For The Performing Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austintheatre.org
Learn more at the official website: www.austintheatre.org
Mission Statement of Paramount Theatre For The Performing Arts Inc
Paramount Theatre For The Performing Arts Inc is committed to inspiring generations by connecting people and strengthening communities. They accomplish this by presenting unforgettable performances across various genres, offering life-changing arts education programs, and creating magical experiences in iconic venues that serve as landmarks in downtown areas. The theatre's mission is to act as a second home for individuals, providing a space for generation after generation to gather, connect, and be inspired.
Beyond being a venue for performances, Paramount Theatre For The Performing Arts Inc plays a significant role in the community by providing educational opportunities. Over 15,000 central Texas students visit the theatre annually through Paramount Education Programs, gaining valuable experiences that can impact their lives. The theatre also partners with over 100 local organizations to remove economic barriers to accessing the arts, ensuring that the community has ample opportunities to engage with the arts.
In addition to its educational programs, Paramount Theatre For The Performing Arts Inc hosts several notable events, such as the Austin Moontower Just for Laughs Festival, one of the largest comedy festivals in the nation. The theatre also hosts star-studded world premieres for events like SXSW, Austin Film Festival, and beyond. The Paramount Theatre is a historic treasure, with stunning original features still in use and incredible acoustics for live performances. Its mission to inspire generations and strengthen communities through the arts is evident in its various initiatives and events.
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Impact
July, 2024
Paramount Theatre For The Performing Arts Inc, based in Austin, TX, plays a pivotal role in enriching the local community through its diverse range of performances and education programs. By showcasing unforgettable performances across genres, providing life-changing arts education programs, and hosting iconic events that define downtown Austin, the Paramount Theatre serves as a cultural hub that inspires generations.
The historic Paramount Theatre, which opened in 1915 as a vaudeville house, continues to be a beloved venue for Austinites to gather, connect, and be inspired. Its architectural splendor, excellent acoustics, and versatile capabilities for live performances and film screenings make it a unique and treasured asset in the Austin arts scene.
Furthermore, the Paramount Theatre's impact extends beyond its role as a performance venue. Through its extensive education programs, which bring over 15,000 Central Texas students to the theatre annually, the organization is nurturing the next generation of artists and art appreciators. Additionally, by partnering with over 100 local organizations to promote access to the arts and preserving Austin's cultural heritage, the Paramount Theatre is actively contributing to the vibrancy and community spirit of the city.
As one of the few theatres in the country over 100 years old and still in use, the Paramount Theatre stands as a testament to the enduring power of the arts to unite, inspire, and enrich the lives of all who experience its magic.
This information is meant to be a general summary of Paramount Theatre For The Performing Arts 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: -$676
- Gross Receipts: $1,319,041
Assets and Liabilities:
- Total Assets: $9,514,865
- Total Liabilities: $14,444
- Net Assets: $9,500,421
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Organization Details
Founding Year
1915
Phone
(512) 472-2901Principal Officer
H James Ritts
Main Address
PO BOX 1566, AUSTIN, TX, 78767
Website
www.austintheatre.orgNTEE Category
Code: A610 - Arts
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