The Paramount Foundation

Organization Overview

The Paramount Foundation is located in Bristol, TN. The organization was established in 1989. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Paramount Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Foundation 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 06/2022, Paramount Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 19.6% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVATION AND RESTORATION OF THE PARAMOUNT THEATER,WHICH IS ON THE NATIONAL REGISTER OF HISTORIC PLACES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ARTISTIC AND MUSICAL PERFORMANCES TO THE GENERAL PUBLIC TO ENHANCE AND EXPAND THE APPRECIATION OF THE ARTSIN THE BRISTOL AND SURROUNDING REGION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jennifer Hayes
Executive Director
$79,649
Scott Peak
Treasurer
$0
David Grace
Vice President
$0
Barbara Smith
Secretary
$0
Carol Trannell
Director
$0
Mary Beth Rainero
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,176,047
All other contributions, gifts, grants, and similar amounts not included above$410,130
Noncash contributions included in lines 1a–1f $870
Total Revenue from Contributions, Gifts, Grants & Similar$1,586,177
Total Program Service Revenue$1,676,945
Investment income $2,217
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $36,150
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 $3,301,489

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Paramount Foundation has recieved totaling $43,692.

Awarding OrganizationAmount
Mcglothlin Foundation

Bristol, VA

PURPOSE: UPDATE STAGE AREA ELECTRICAL AND OFFICE AREA

$35,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$8,673
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$19
View Grant Recipient Profile

Create an account to unlock the data you need.

or