Overview
What is Paramount Theatre Of The Arts Inc?
Paramount Theatre of the Arts Inc, situated in Oakland, California, serves as a historic landmark managed and operated by this nonprofit organization. With a workforce of 77 dedicated individuals, the primary mission of Paramount Theatre of the Arts Inc is to oversee and manage the facility, providing a professionally operated venue for various events, such as concerts and performances by the Oakland Ballet, throughout the fiscal year. The nonprofit's activities revolve around maintaining and showcasing this cultural landmark, contributing to the rich artistic heritage of Oakland.
Official website here: www.paramounttheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Paramount Theatre Of The Arts Inc has achieved a remarkable 96% rating from Charity Navigator, indicating strong accountability and financial health. The charity's score reflects a robust commitment to transparency, with a perfect score in various governance and financial metrics, including a fully independent board and comprehensive financial audits.
The organization boasts an impressive program expense ratio of 91.50%, suggesting that a significant portion of its resources is directed toward fulfilling its mission rather than administrative costs. The presence of policies for conflict of interest, whistleblowing, and document retention further enhances its credibility and operational integrity.
While the performance is commendable, it is important for potential supporters to consider the charity's overall impact in its specific area of focus. However, based on the financial data alone, Paramount Theatre Of The Arts Inc demonstrates a solid foundation and commitment to responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Theatre Of The Arts Inc legitimate?
Paramount Theatre Of The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Theatre Of The 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: $821,073
For more financial information, click here
Official website here: www.paramounttheatre.com
What is the mission statement of Paramount Theatre Of The Arts Inc?
The Paramount Theatre of the Arts Inc's mission is centered around managing and operating a historic theater. Specifically, their aim is to maintain and oversee the Paramount Theatre, a landmark in California, ensuring it serves as a professionally operated venue for various events such as concerts and ballet performances. The organization's role is to manage this historical facility for the city of Oakland, providing a platform for the production of events throughout the fiscal year.
Official website here: www.paramounttheatre.com
Who is the CEO of Paramount Theatre Of The Arts Inc?
Margaret Grover is the Chairperson of Paramount Theatre Of The Arts Inc.
Official website here: www.paramounttheatre.com
What is the revenue of Paramount Theatre Of The Arts Inc?
Paramount Theatre Of The Arts Inc's revenue in 2022 was $5,039,030.
Official website here: www.paramounttheatre.com
Who are the executives of Paramount Theatre Of The Arts Inc and what are their salaries?
The average compensation at Paramount Theatre Of The Arts Inc during 2022 was $10,663. There are 77 employees and 23 volunteers at Paramount Theatre Of The Arts Inc.
Here are 9 key members and their salaries:
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- Compensation: $150,000
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- Other: $23,068
- Compensation: $120,000
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- Other: $18,171
Official website here: www.paramounttheatre.com
Where can I find the form 990 for Paramount Theatre Of The Arts Inc?
Paramount Theatre Of The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paramounttheatre.com
Learn more at the official website: www.paramounttheatre.com
Mission Statement of Paramount Theatre Of The Arts Inc
Paramount Theatre of the Arts Inc, as a renowned organization, is dedicated to managing and operating the Paramount Theatre of the Arts, a historic landmark in California. This nonprofit's mission is to preserve and utilize the iconic theatre facility, providing a professional setting for the production of various events, such as concerts and ballet performances. By doing so, Paramount Theatre of the Arts Inc contributes to the cultural landscape, offering a stage for diverse artistic expressions and entertaining the community.
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Impact
July, 2024
Paramount Theatre of the Arts Inc's impact lies in its crucial role in operating and managing the historic California landmark, Paramount Theatre of the Arts in Oakland. By providing a professionally operated facility for events such as concerts and the Oakland Ballet, Paramount Theatre of the Arts Inc contributes significantly to the cultural and artistic landscape of the city. Its mission to preserve and promote this iconic venue helps enhance the community's access to the arts, enriching the lives of both residents and visitors alike.
This information is meant to be a general summary of Paramount Theatre Of The 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: $256,794
- Program Service Revenue: $2,800,424
- Gross Receipts: $5,652,333
Assets and Liabilities:
- Total Assets: $15,083,800
- Total Liabilities: $2,709,332
- Net Assets: $12,374,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT SERVICES
Revenue
$1,895,795
THEATRE, BOX OFFICE, A
Revenue
$360,622
TICKET SURCHARGES
Revenue
$259,402
BEVERAGE AND FOOD SALE
Revenue
$254,203
CONCESSIONS AND TOURS
Revenue
$30,402
Organization Details
Founding Year
1975
Phone
(510) 893-2300Principal Officer
Margaret Grover
Main Address
2025 BROADWAY, OAKLAND, CA, 94612
Website
www.paramounttheatre.comNTEE Category
Code: A610 - Arts
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