Nonprofit · EIN 61-1181883
PARAMOUNT ARTS CENTER INC
Tax-exempt · ASHLAND, KY 41101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $733,888 | $2,914,053 | -$2,180,165 | $1,635,284 | $616,271 | $1,019,013 |
| June 30, 2024 | 990 | $4,233,376 | $3,787,291 | $446,085 | $5,594,538 | $1,710,826 | $3,883,712 |
| June 30, 2023 | 990 (amended) | $3,507,776 | $4,096,433 | -$588,657 | $5,861,368 | $2,423,741 | $3,437,627 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $731,547
- of which government grants
- $175,691
- Program service revenue
- $1,762,824
- Investment income
- -$1,926,967
- Net rental income
- $9,033
- Net gain from sales of assets
- -$1,937,191
- Net income from fundraising events
- $157,451
- Other revenue
- $166,484
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $534,565
- Salaries, compensation and benefits (total)
- $612,108
- Professional fundraising fees
- $0
- Occupancy
- $117,978
- Program services (functional)
- $1,917,959
- Management and general (functional)
- $955,942
- Fundraising (functional)
- $40,152
Balance sheet and other
- Total assets, start of year
- $5,594,538
- Total assets, end of year
- $1,635,284
- Total liabilities, end of year
- $616,271
- Net assets, end of year
- $1,019,013
- Net assets without donor restrictions
- $653,385
- Net assets with donor restrictions
- $365,628
- Gross receipts
- $5,671,079
- Employees
- 68
- Volunteers
- 100
- Year formed
- 1989
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL BOYKIN | CHAIRPERSON Trustee or director, Officer | – | $0 |
| LEON BRIGGS | VICE CHAIRPE Trustee or director, Officer | – | $0 |
| MICHAEL HOBBS | TREASURER Trustee or director, Officer | – | $0 |
| SYDNEY KEETON | DIRECTOR Trustee or director | – | $0 |
| JAMES KING | DIRECTOR Trustee or director | – | $0 |
| MARY KAY MCGINNIS-RUARK | DIRECTOR Trustee or director | – | $0 |
| LANCE MCCOMIS | DIRECTOR Trustee or director | – | $0 |
| AUTUMN MCFANN | SECRETARY Trustee or director, Officer | – | $0 |
| JUSTIN PRUITT | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL BOYKIN | DIRECTOR Trustee or director | – | $0 |
| LEON BRIGGS | DIRECTOR Trustee or director | – | $0 |
| CHUCK CHARLES | DIRECTOR Trustee or director | – | $0 |
| BRANDY CLARK | DIRECTOR Trustee or director | – | $0 |
| ROGER HALL | DIRECTOR Trustee or director | – | $0 |
| MICHAEL HOBBS | TREASURER Trustee or director | – | $0 |
| LLOYD HUDSON | DIRECTOR Trustee or director | – | $0 |
| SYDNEY KEETON | DIRECTOR Trustee or director | – | $0 |
| JAMES KING | DIRECTOR Trustee or director | – | $0 |
| MARY KAY MCGINNIS-RUARK | DIRECTOR Trustee or director | – | $0 |
| ALICE MARTIN | DIRECTOR Trustee or director | – | $0 |
| LANCE MCCOMIS | DIRECTOR Trustee or director | – | $0 |
| JUSTIN PRUITT | DIRECTOR Trustee or director | – | $0 |
| BROOKE SEASOR | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL BOYKIN | DIRECTOR Trustee or director | – | $0 |
| LEON BRIGGS | DIRECTOR Trustee or director | – | $0 |
| CHUCK CHARLES | DIRECTOR Trustee or director | – | $0 |
| BRANDY CLARK | DIRECTOR Trustee or director | – | $0 |
| ROGER HALL | DIRECTOR Trustee or director | – | $0 |
| MICHAEL HOBBS | TREASURER Trustee or director | – | $0 |
| LLOYD HUDSON | DIRECTOR Trustee or director | – | $0 |
| SYDNEY KEETON | DIRECTOR Trustee or director | – | $0 |
| JAMES KING | DIRECTOR Trustee or director | – | $0 |
| MARY KAY MCGINNIS-RUARK | DIRECTOR Trustee or director | – | $0 |
| ALICE MARTIN | DIRECTOR Trustee or director | – | $0 |
| LANCE MCCOMIS | DIRECTOR Trustee or director | – | $0 |
| JUSTIN PRUITT | DIRECTOR Trustee or director | – | $0 |
| BROOKE SEASOR | DIRECTOR Trustee or director | – | $0 |
| CYNTHIA WISEMAN | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1300 WINCHESTER AVE, ASHLAND, KY 41101-7554
- In care of
- % EDWARD B RENNER JR
- Principal officer (990 for 2024)
- HOLLY CANFIELD, PO BOX 1546, ASHLAND, KY 41105
- Signed the 990
- HOLLY CANFIELD, EXECUTIVE DIRECTOR
- Phone
- (606) 385-2119
- Website
- PARAMOUNTARTSCENTER.COM
- Return prepared by
- KELLEY GALLOWAY SMITH GOOLSBY PSC
Mission
THE PARAMOUNT ARTS CENTER, INC. MAINTAINS AND OPERATES A PERFORMING ARTS THEATER TO PROVIDE FOR, PROMOTE AND ENCOURAGE APPRECIATION, PARTICIPATION AND EDUCATION IN THE FINE ARTS.
Program accomplishments
- 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.Expenses $1,917,959 · revenue $1,762,175
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1181883
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $1,635,284
- Income (IRS master file)
- $5,671,079
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $733,888 | $2,914,053 | $1,635,284 | IRS |
| 990 | June 2024 | $4,233,376 | $3,787,291 | $5,594,538 | IRS |
| 990 | June 2023 | $3,507,776 | $4,096,433 | $5,861,368 | XML |
| 990 | June 2022 | $4,086,756 | $4,074,276 | $6,341,407 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1181883).
Questions about PARAMOUNT ARTS CENTER INC
- What is the EIN of PARAMOUNT ARTS CENTER INC?
- The employer identification number (EIN) of PARAMOUNT ARTS CENTER INC is 61-1181883.
- Is PARAMOUNT ARTS CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to PARAMOUNT ARTS CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT ARTS CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARAMOUNT ARTS CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARAMOUNT ARTS CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PARAMOUNT ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 names HOLLY CANFIELD.
- Who are the officers and directors of PARAMOUNT ARTS CENTER INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does PARAMOUNT ARTS CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $733,888, expenses of $2,914,053 and total assets of $1,635,284 at year end.
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