Paramount Hudson Valley Arts
- Assets
- $805.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Peekskill, NY
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 46-4031449
Organization Overview
Paramount Hudson Valley Arts is located in Peekskill, NY. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Hudson Valley 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 12/2021, Paramount Hudson Valley Arts generated $1.2m in total revenue. All expenses for the organization totaled $678.7k during the year ending 12/2021. While expenses have increased by 94.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATION AND SCIENTIFIC PURPOSES TO PROVIDE DIVERSE PROGRAMS FOR CULTURAL ENRICHMENT AND ARTS-IN-EDUCATION THROUGH THE PERFORMING ARTS FOR THE BENEFIT OF THE COMMUNITIES IN AND ADJACENT TO NORTHERN WESTCHESTER AND SOUTHERN PUTNAM COUNTIES IN NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"ALMOST QUEEN"ALMOST QUEEN IS A MUSICAL GROUP DEDICATED TO INTRODUCING COMMUNITIES TO THE MUSIC OF THE ICONIC GROUP "QUEEN", AND TO RAISE AWARENESS FOR AIDS.
"JB SMOOVE"JB SMOOVE IS A MULTI-TALENTED WRITER, COMEDIAN AND ACOTR WHO BRINGS A HILARIOUS AND FRESH PERSPECTIVE ON THE THE ENTERTAINMENT WORLD TO A DIVERSE AUDIENCE.
"BEATLE V. STONES"BEATLES V. STONES PROVIDES A FUN NIGHT FOR FAMILIES BY HIGHLIGHTING AND EXPLORING THE MUSIC OF TWO ICONIC MUSICAL GROUPS.
PARAMOUNT HUDSON VALLEY ARTS 2020 FORM 990 PART III - DESCRIPTION OF OTHER EXEMPT PURPOSE ACCOMPLISHMENTS: AMONG OVER 50 DIFFERENT SHOWS AND PROGRAMS, THE MOST NOTABLE OTHER PROGRAM SERVICES INCLUDED THEATERWORKSUSA'S PRODUCTION OF PETER PAN, BASED ON JOHN CAIRD AND TREVOR NUNN'S 1982 ADAPTATION, WHICH WAS ORIGINALLY DEVELOPED FOR LONDON'S ROYAL SHAKESPEARE COMPANY, AS WELL AS FIRE IN A DARK HOUSE, NUTCRACKER SHORT AND SWEET, DRAMATIST GUILD, GIRL SCOUTS AWARDS, PAUL ROBSON PLAYS. PHV ALSO HOSTS THE PEEKSKILL FILM FESTIVAL (PFF) THAT SCREENS A FIRST-RATE MIX OF FEATURES, SHORTS, DOCUMENTARIES, AND ANIMATION. IN ADDITION TO SHOWCASING THE BEST AND BRIGHTEST IN INDIE FILM, THE PFF PROVIDE WORKSHOPS WITH EMMY-AWARD WINNING ARTISTS AND FILMMAKERS, PARTIES, PANEL DISCUSSIONS, AND AN ENTIRE DAY DEDICATED TO STUDENT FILM.ON MARCH 22, 2020, PHVA WAS CLOSED DUE TO THE "NEW YORK STATE ON PAUSE" EXECUTIVE ORDER, AND SUSPENDED THEIR OPERATIONS UNTIL FURTHER NOTICE. THE ORGANIZATION RESUMED IT'S ACTIVITIES AT THE END OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Adams President | OfficerTrustee | 15 | $0 |
Louie Lanza Chairman | Trustee | 2.3 | $0 |
Nat Prentice Treasurer | Trustee | 1 | $0 |
Fred Romer Secretary | Trustee | 1 | $0 |
Kathy Talbot Director | Trustee | 0.5 | $0 |
Mike Morey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,584 |
| Total Program Service Revenue | $518,874 |
| 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 | $1,209,226 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,913 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,172 |
| Advertising and promotion | $31,842 |
| Office expenses | $7,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,000 |
| Insurance | $7,379 |
| All other expenses | $26,159 |
| Total functional expenses | $678,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $805,349 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,700 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,588 |
| Total liabilities | $12,288 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $793,061 |
| Total liabilities and net assets/fund balances | $805,349 |
Grants Awarded
Over the last fiscal year, Paramount Hudson Valley Arts has awarded $10,015 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: For school performance Legend of Sleepy Hollow | $3,700 |
Richmond, VA PURPOSE: For school performance of Harriet Tubman and the Undergroudn Railroad | $3,600 |
New York, NY PURPOSE: For school performance of Aesops Fables | $2,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paramount Hudson Valley Arts has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |