Paramount Center For The Arts is located in St Cloud, MN. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 08/2022, Paramount Center For The Arts employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Center For The Arts 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 08/2022, Paramount Center For The Arts generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF THE ART DISTRICT IN DOWNTOWN ST. CLOUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS: THE 804 SEAT PARAMOUNT THEATRE IS THE GRAND PERFORMANCE STAGE IN CENTRAL MINNESOTA ACCOMMODATING 90,000 PATRONS ANNUALLY. PARAMOUNT CENTER FOR THE ARTS (PCA) PROVIDES SCHEDULING, TICKETING, TECHNICAL CREW, MARKETING, AND FRONT-OF-HOUSE SERVICES FOR THE THEATRE. IN ADDITION TO LOCAL PERFORMING GROUPS, THE PCA PRESENTS A SEASON OF PROFESSIONAL ENTERTAINMENT ON THE PARAMOUNT STAGE BRINGING HIGH QUALITY TOURING ARTISTS TO CENTRAL MINNESOTA. PCA EMPLOYS PROFESSIONALLY TRAINED STAFF TO MANAGE AND PROGRAM THE THEATRE AND VISUAL ARTS. CUSTOMER SERVICE REPRESENTATIVES MANAGE AND OPERATE THE INTERNET-BASED TICKETING SYSTEM, THE CONCESSIONS SERVICE, 3 EXHIBITION SPACES, AND GIFT GALLERY OPERATIONS. PCA MANAGES THE ADMINISTRATIVE OFFICES, INCLUDING SUB-LEASING TO OTHER NONPROFIT ORGANIZATIONS, AND THE TECHNICAL SUPPORT FACILITY LOCATED OFFSITE. PCA ALSO PROVIDES OVERSIGHT, MAINTENANCE AND OPERATION OF THE MECHANICAL SYSTEMS FOR THE HISTORIC FACILITY LOCATED IN DOWNTOWN ST. CLOUD.
VISUAL ARTS: THE VISUAL ARTS STUDIOS WERE CREATED AND OPENED AS PART OF THE 1998 PARAMOUNT THEATRE RENOVATION. THIS WELL-EQUIPPED FACILITY OFFERS CLASSES THROUGHOUT THE YEAR FOR ALL AGES, IN A VARIETY OF MEDIUMS, AND SUMMER ART CAMPS FOR YOUTH. PCA HAS A PARTICULAR STRENGTH IN CERAMICS AND PROVIDES STUDIO FACILITIES AND EQUIPMENT TO THE COMMUNITY AND WOOD-WORKING AND WOOD-TURNING PROGRAMS. THE FACILITY INCLUDES A RETAIL SALES GALLERY THAT REPRESENTS 60 LOCAL AND REGIONAL ARTISTS, A PROFESSIONAL GALLERY AND TWO CASUAL GALLERY SPACES FOR ARTISTS TO SHOW. PCA PROVIDES EMPLOYMENT OPPORTUNITIES FOR WORKING ARTISTS, IN A TEACHING CAPACITY, AND SALES OPPORTUNITIES FOR ARTWORK ON EXHIBITION. PCA OFFERS PROFESSIONAL DEVELOPMENT SEMINARS AND WORKSHOPS FOR WORKING ARTISTS AND ART EDUCATORS; RESIDENCIES AND OTHER SERVICES TO K-12 SCHOOLS; PLUS EDUCATIONAL OUTREACH TO COMMUNITY ORGANIZATIONS AND SCHOOL DISTRICTS AND A FULL CATALOG OF ARTS INSTRUCTIONAL CLASSES TO THE PUBLIC. VISUAL ARTS ACCOMMODATES 22,500 CHILDREN AND ADULTS ANNUALLY. VISUAL ARTS FULLY OPENED IN SPRING 2022.
EDUCATION OUTREACH: THE PARAMOUNT THEATRE IS COMMITTED TO CONNECTING LOCAL ARTISTS WITH THE LARGER COMMUNITY TO ENHANCE AND EXPAND ARTS OPPORTUNITIES AN ACCESS IN CENTRAL MINNESOTA. THESE ACTIVITIES INCLUDE WORKSHOPS FOR CLASSROOM AND ARTS TEACHERS, RESIDENCY PROGRAMS ON AND OFF-SITE FOR SCHOOL AND COMMUNITY ORGANIZATIONS, SENIOR COMMUNITIES, SPECIALIZED COURSES FOR INDIVIDUALS WITH COGNITIVE DISABILITIES AND TEHNICAL OUTREACH SERVICES ASSISTING SCHOOL AND COMMUNITY THEATRES TO MAINTAIN AND MANAGE THEIR LIGHTING AND SOUND EQUIPMENT, AND CONSULTING SERVICES THAT HELP AREA SCHOOLS AND ORGANIZATIONS ACCESS EXPANDED ARTS EXPERIENCES FOR THEIR CLIENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Johnson Executive Director | Officer | 40 | $80,075 |
Cindy O'konek Finance Director | Officer | 40 | $40,686 |
King Banaian Chair | OfficerTrustee | 1 | $0 |
Chris Stalboerger Vice Chair | OfficerTrustee | 1 | $0 |
Elna Bateman Board Member | Trustee | 1 | $0 |
David Deblieck Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $15,100 |
Related organizations | $0 |
Government grants | $867,534 |
All other contributions, gifts, grants, and similar amounts not included above | $328,567 |
Noncash contributions included in lines 1a–1f | $5,500 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,211,201 |
Total Program Service Revenue | $923,029 |
Investment income | $114,777 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $31,759 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $84,846 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,367,012 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $132,759 |
Compensation of current officers, directors, key employees. | $79,997 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $574,370 |
Pension plan accruals and contributions | $12,373 |
Other employee benefits | $16,793 |
Payroll taxes | $56,579 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $26,970 |
Fees for services: Other | $397,938 |
Advertising and promotion | $46,682 |
Office expenses | $134,262 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $160,806 |
Travel | $2,421 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,675 |
Insurance | $12,049 |
All other expenses | $781 |
Total functional expenses | $1,642,233 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $197,587 |
Savings and temporary cash investments | $1,454,507 |
Pledges and grants receivable | $101,332 |
Accounts receivable, net | $18,391 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,066 |
Prepaid expenses and deferred charges | $143,897 |
Net Land, buildings, and equipment | $70,723 |
Investments—publicly traded securities | $3,377,331 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,367,834 |
Accounts payable and accrued expenses | $47,377 |
Grants payable | $0 |
Deferred revenue | $158,836 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $54,225 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $273,466 |
Total liabilities | $533,904 |
Net assets without donor restrictions | $3,123,398 |
Net assets with donor restrictions | $1,710,532 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $5,367,834 |
Over the last fiscal year, we have identified 9 grants that Paramount Center For The Arts has recieved totaling $270,157.
Awarding Organization | Amount |
---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: TO SUPPORT LOCAL AND REGIONAL VISUAL ARTISTS THROUGH THE GALLERY SAINT GERMAIN, AND FOR GENERAL OPERATING SUPPORT | $80,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO SUPPORT LOCAL AND REGIONAL VISUAL ARTISTS THROUGH THE GALLERY SAINT GERMAIN, AND FOR GENERAL OPERATING SUPPORT | $80,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $55,700 |
Central Minnesota Arts Board Foley, MN PURPOSE: PROJECT GRANTS & ORGANIZATIONAL DEVELOPMENT GRANT | $26,000 |
Central Minnesota Arts Board Foley, MN PURPOSE: PROJECT GRANTS | $16,000 |
Central Minnesota Arts Board Foley, MN PURPOSE: PROJECT GRANT | $8,000 |
Organization Name | Assets | Revenue |
---|---|---|
Catholic Charities Of The Diocese Of St Cloud St Cloud, MN | $15,523,133 | $20,074,695 |
Mid Sioux Opportunity Inc Remsen, IA | $5,070,371 | $19,629,808 |
Anoka County Community Action Program Inc Blaine, MN | $29,951,752 | $19,161,857 |
Scott-Carver-Dakota Cap Agency Inc Shakopee, MN | $7,282,978 | $17,833,370 |
Canvas Health Inc Oakdale, MN | $11,355,158 | $16,271,120 |
Lutheran Social Services Of North Dakota Fargo, ND | $25,602,630 | $18,021,352 |
Semcac Inc Rushford, MN | $7,911,283 | $16,344,124 |
West Central Community Action Harlan, IA | $6,400,695 | $14,975,382 |
Public Allies Inc Milwaukee, WI | $11,938,918 | $20,233,234 |
Community Opportunities Inc Carroll, IA | $7,403,210 | $16,342,975 |
Advocap Inc Fond Du Lac, WI | $13,042,883 | $14,075,840 |
Northeast Iowa Comm Action Corp Decorah, IA | $13,828,971 | $13,863,444 |