2025-04-17T14:58:21-04:00 2023-06-30 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2022-07-01 611181883 PARAMOUNT ARTS CENTER INC PARA 6063242175 PO BOX 1546 ASHLAND KY 411051546 MICHAEL HOBBS TREASURER 6063243175 2025-04-16 false LORI F DEARFIELD CPA P00846508 6063291811 2025-04-17 2022 2025-03-06 01:10:19Z X MICHAEL HOBBS PO BOX 1546 ASHLAND KY 411051546 3522549 false X PARAMOUNTARTSCENTER.COM X 1989 KY THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS. 15 15 13 100 0 1273656 988895 2539416 2292714 2129 31279 271555 194888 4086756 3507776 0 0 461479 596981 0 66351 3612797 3499452 4074276 4096433 12480 -588657 6341407 5861368 2347853 2423741 3993554 3437627 THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS. false false 3015380 2327943 THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATIONS A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS. 3015380 true true false false false false false false false true true false false true true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 69 0 true 13 true false false false false false false false false X 15 15 false false false false false false false true true false false true true true true false true true false false X HOLLY CANFIELD 6063242175 PO BOX 1546 PO BOX 1546 ASHLAND KY 41105 X BILL BOYKIN DIRECTOR X 0 0 0 LEON BRIGGS DIRECTOR X 0 0 0 CHUCK CHARLES DIRECTOR X 0 0 0 BRANDY CLARK DIRECTOR X 0 0 0 ROGER HALL DIRECTOR X 0 0 0 MICHAEL HOBBS TREASURER X 0 0 0 LLOYD HUDSON DIRECTOR X 0 0 0 SYDNEY KEETON DIRECTOR X 0 0 0 JAMES KING DIRECTOR X 0 0 0 MARY KAY MCGINNIS-RUARK DIRECTOR X 0 0 0 ALICE MARTIN DIRECTOR X 0 0 0 LANCE MCCOMIS DIRECTOR X 0 0 0 JUSTIN PRUITT DIRECTOR X 0 0 0 BROOKE SEASOR DIRECTOR X 0 0 0 CYNTHIA WISEMAN DIRECTOR X 0 0 0 false false false 38049 259715 691131 988895 SERIES/SPECIAL EVENTS 1948963 1948963 CONCESSIONS 268665 268665 MERCHANDISE SALES 58988 58988 CHAIRHOLDERS 16098 16098 2292714 34852 34852 85994 85994 85994 85994 3573 -3573 -3573 -3573 120094 11200 108894 3507776 2289141 120846 528370 528370 68611 68611 14678 14678 126890 126890 32841 3281 29560 179119 179119 48210 48210 275293 272909 2384 64625 64625 SERIES AND SPECIAL EVENTS 2089644 2089644 MISCELLANEOUS 192890 137125 55765 SOFTWARE SUPPORT 152161 152161 MAINTENCE 85979 78136 7843 237122 63651 107120 66351 4096433 3015380 1014702 66351 314979 230134 25863 77372 23200 19300 312217 43625 12060648 6838946 5225319 5221702 45290 42908 317167 303699 6341407 5861368 131162 216341 534289 511871 1682402 1695529 2347853 2423741 X 3642493 3129008 351061 308619 3993554 3437627 6341407 5861368 X -588657 32730 X false true X true false X 567332 642444 399458 1273657 988892 3871783 567332 642444 399458 1273657 988892 3871783 3871783 91359 64518 50615 77319 88823 372634 4244417 4527588 0.91220 0.87820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 270511 12737 -25370 308618 325241 500 22009 77239 270511 325657 34 81390 81840 325241 319938 500 17187 7815 325657 310066 2805 21905 12574 319938 true false 150000 150000 11198855 6414848 4784007 711793 424098 287695 5221702 OTHER ASSETS 303699 303699 CAPITAL LEASE OBLIGATION 1020000 LINE OF CREDIT 300000 NOTE PAYABLE 216314 OTHER LIABILITIES 159215 1695529 3522549 14773 14773 3507776 3507776 4111206 14773 14773 4096433 4096433 SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENT EXPENSES INCLUDED IN NET SPECIAL EVENTS 11,200 LOSS ON DISPOSAL OF ASSETS IN EXP 3,573 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSE INCLUDED IN REVENUE 11,200 LOSS ON DISPOSAL OF ASSETS INCL. IN REVENUES 3,573 FESTIVAL OF TRE 120094 120094 11200 120094 120094 11200 11200 108894 FORM 990, PAGE 1, ITEM B THE FORM 990 IS BEING AMENDED DUE TO SIGNIFICANT ADJUSTMENTS MADE AS A RESULT OF THE ANNUAL AUDIT BEING COMPLETED SUCH AS RECORDING DEPRECIATION AND ADJUSTING RECEIVABLES AND PAYABLES TO ACTUAL. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS HELP THE PARAMOUNT WITH FUNDRAISING EVENTS THROUGH COMMITTEE WORK, EVENT COORDNATION, PARAMOUNT WOMAN'S ASSOCIATION. THE PARAMOUNT ALSO HAS SEVERAL VOLUNTEERS THAT WORK AS USHERS DURING ENTERTAINMENT EVENTS IN THE THEATER. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY AN OFFICER OF THE BOARD AND THE EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. CONFLICTS OF INTEREST ARE REPORTED ON A SITUATIONAL BASIS AND ARE CONSISTENTLY MONITORED AND ENFORCED IN REGARDS TO THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A ALL COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 SPECIAL EVENT EXPENSES INCLUDED IN NET SPECIAL EVENTS 11,200 LOSS ON DISPOSAL OF ASSETS IN EXP 3,573 SPECIAL EVENTS EXPENSE INCLUDED IN REVENUE -11,200 LOSS ON DISPOSAL OF ASSETS INCL. IN REVENUES -3,573 NET CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD B 0