Paramount Heritage Foundation Inc

Organization Overview

Paramount Heritage Foundation Inc is located in Anderson, IN. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Paramount Heritage Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Heritage Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2024, Paramount Heritage Foundation Inc generated $962.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $830.5k during the year ending 06/2024. While expenses have increased by 5.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF THE ARTS AND ENTERTAINMENT GENRE THROUGH THE RESTORATION AND OPERATION OF AN HISTORICAL THEATRE. ALSO, TO PROVIDE FACILITIES FOR LITERARY, EDUCATIONAL, CULTURAL AND CHARITABLE ORGANIZATIONS TO CONDUCT THEATRICAL PRESENTATIONS OF VARIOUS THEATRE TROUPS, DANCE COMPANIES, WELL KNOWN ORCHESTRAS, MUSICAL ENSEMBLES AND OTHER FORMS OF ARTISTIC ENTERTAINMENT TO PROMOTE THE AWARENESS AND APPRECIATION FOR SUCH ENDEAVORS THROUGH THE COMMUNITY AS A WHOLE. TO FURTHER PROMOTE AND ENCOURAGE SUCH ORGANIZATIONS AND TO RAISE FUNDS FOR THE SUPPORT AND MAINTENANCE OF SUCH FACILITIES, OTHER ORGANIZATIONS AND THEIR ACTIVITIES FOR THE BENEFIT OF THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION AND BROADCASTING TO THE PUBLIC, KNOWLEDGE, APPRECIATION, PRACTICE AND PERFORMANCE OF ENTERTAINMENT AND THE ARTS THROUGH THE RESTORATION AND OPERATION OF AN HISTORICAL THEATRE.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Hardacre Na
Exec Member
$0
Kay Anderson Na
Director
$0
Deborah Andis
Director
$0
Rebecca Chappell
Director
$0
Larry Davis
Director
$0
Pete Heuer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $157,914
All other contributions, gifts, grants, and similar amounts not included above$523,726
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$681,640
Total Program Service Revenue$281,260
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $962,900

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