2026-09-23T10:05:48-04:00 2026-03-31 332632898 ROBERTS & MCGEE CPA PLLC 104 PINE ST STE 408 ABILENE TX 79601 990 2025-04-01 061672774 HISTORIC PARAMOUNT THEATRE INC HIST 3256769620 352 CYPRESS STREET ABILENE TX 79601 JENNI TRIETSCH CFO/ACTING EXEC. OFF 3256769620 2026-09-22 STACEY L MCGEE CPA P00236663 3257019502 2026-09-23 2025 JENNI TRIETSCH 352 CYPRESS STREET ABILENE TX 79601 1995473 false X PARAMOUNTABILENE.COM X 2002 TX OUR MISSION IS TO MANAGE AND PROMOTE THE HISTORIC PARAMOUNT THEATRE TO BENEFIT THE CITIZENS OF ABILENE, TEXAS AND THE SURROUNDING AREA. 17 17 59 16 0 1011420 998681 1061716 742817 2586 1553 1173 173372 2076895 1916423 0 0 645703 673278 0 28276 935226 1488429 1580929 2161707 495966 -245284 1490843 1342807 171002 234839 1319841 1107968 OUR MISSION IS TO MANAGE AND PROMOTE THE HISTORIC PARAMOUNT THEATRE TO BENEFIT THE CITIZENS OF ABILENE, TEXAS AND THE SURROUNDING AREA. false false 1861437 742817 IN MANAGING AND PRESERVING THE HISTORIC PARAMOUNT THEATRE TO BENEFIT THE CITIZENS OF ABILENE, TEXAS AND THE SURROUNDING AREAS, WE PROVIDE THE ANNUAL PARAMOUNT FILM SERIES AND OTHER SPECIAL FILM SERIES; PARAMOUNT PRODUCTIONS; LIVE THEATRICAL EXPEREINCES FEATURING YOUTH, AMATEUR, AND PROFESSIONAL ARTISTS ON OUR LANDMARK STAGE; FACILITY RENTALS FOR LIVE THEATRE, TOURING SHOWS, CONCERTS, FILM SCREENINGS, FUNDRAISERS, SPECIAL EVENTS, AND WEDDINGS; AND WE HOST A WIDE RANGE OF LOCAL AND REGIONAL ARTS AND EDUCATIONAL ORGANIZATIONS, INCLUDING ABILENE BALLET THEATRE, ABILENE OPERA ASSOCIATION, ABILENE COMMUNITY BAND, AND CELEBRATION SINGERS. 1861437 true true false false false false false true false true true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 12 0 true 59 true false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true false false X JENNI TRIETSCH 3256769620 352 CYPRESS STREET ABILENE TX 79601 GEORGE LEVESQUE EXECUTIVE DI 40.00 X 125517 0 25448 JENNI TRIETSCH CFO/ACTING E 40.00 X 1673 0 1334 JOE BILES DIRECTOR 1.00 X 0 0 0 PRESTON CURRY DIRECTOR 1.00 X 0 0 0 JEFF DUNCAN TREASURER 1.00 X X 0 0 0 CASEY HATCHER DIRECTOR 1.00 X 0 0 0 MELODY HUNT CHAIR 1.00 X X 0 0 0 JAY LESTER DIRECTOR 1.00 X 0 0 0 GABBY MALLET DIRECTOR 1.00 X 0 0 0 CHRIS MONTOYA DIRECTOR 1.00 X 0 0 0 AMANDA O'CONNOR DIRECTOR 1.00 X 0 0 0 OMAR ORTIZ DIRECTOR 1.00 X 0 0 0 SHELLY SANDERS DIRECTOR 1.00 X 0 0 0 KATELYN SCOTT DIRECTOR 1.00 X 0 0 0 AMANDA SMIDDY-SCHLAGEL DIRECTOR 1.00 X 0 0 0 STEVE STOVALL PAST CHAIR 1.00 X X 0 0 0 RONALYN SUTPHEN VICE CHAIR 1.00 X X 0 0 0 BOURDON WOOTEN DIRECTOR 1.00 X 0 0 0 MARK ZACHARY SECRETARY 1.00 X X 0 0 0 127190 26782 1 false true false 998681 998681 THEATRE PRODUCTIONS 711110 433056 433056 THEATRE RENTAL 711110 261305 261305 MOVIE TICKET SALES 711110 48456 48456 742817 1553 1553 223746 79050 144696 144696 OTHER INCOME 711110 28676 28676 28676 1916423 916189 1553 148637 101510 40783 6344 366015 308356 55587 2072 19838 15000 4449 389 98029 74125 21984 1920 40759 32460 7632 667 13775 13775 14620 14620 33769 16885 16884 40278 28194 12084 178000 157749 20251 11774 11774 793229 775251 17978 27113 24131 2982 EVENT AND MOVIE COSTS 288682 288682 BANK AND CREDIT CARD FEES 59545 59545 DUES AND SUBSCRIPTIONS 26439 26439 PARKING 1080 756 324 125 125 2161707 1861437 271994 28276 208492 226227 19265 18458 24470 28425 2227650 1552435 895314 675215 343302 394482 1490843 1342807 45092 35002 13500 60526 112410 139311 171002 234839 X 1172495 886954 147346 221014 1319841 1107968 1490843 1342807 X -245284 33411 X false true X true false X 683245 569153 459995 1011420 998681 3722494 288641 765976 1074264 1061716 995239 4185836 971886 1335129 1534259 2073136 1993920 7908330 7908330 143 1737 4084 2586 1553 10103 143 1737 4084 2586 1553 10103 962 1169 2605 1172 28676 34584 972991 1338035 1540948 2076894 2024149 7953017 0.99440 0.99770 0.00000 0.00000 X PART III, LINE 12 34,584 SUPPLEMENTAL INFORMATION IN 2025, THE ORGANIZATION RECEIVED A 23,625 REFUND OF 2020 PAYROLL TAXES INCLUDED HERE. OTHER AMOUNTS FOR THE CURRENT AND PRIOR YEARS INCLUDE SMALL SALES OF CHRISTMAS ORNAMENTS TO SUPPORTERS OF THE THEATRE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18431 X false 232514 36335 7929 2924 257996 229866 13106 8050 2408 232514 220629 23430 12341 1852 229866 203470 25300 -6298 1843 220629 146079 55150 3970 1723 203476 0.97700 0.02300 true false 1355413 1079903 275510 853806 472532 381274 18431 18431 675215 BEN. INT. IN ASSETS HELD BY OTHERS 257996 OPERATING RIGHT OF USE LEASE ASSET 135486 OTHER ASSET 1000 394482 OPERATING LEASE LIABILITY 139311 139311 X 2028884 33411 79050 112461 1916423 1916423 2240757 79050 79050 2161707 2161707 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE ESTABLISHED TO PROVIDE FUNDING FOR THE PARAMOUNT'S OPERATIONS. SCHEDULE D, PAGE 3, PART X THE PARAMOUNT IS A NONPROFIT PUBLICLY SUPPORTED ORGANIZATION, AS DEFINED IN SECION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECITON 501(A) OF THE IRC. FOR THE YEAR ENDED MARCH 31, 2026, THE PARAMOUNT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS; THEREFORE, NO TAX PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN REPORTED. SCHEDULE D, PAGE 4, PART XI, LINE 2D CONCESSION STAND EXPENSES 79,050 SCHEDULE D, PAGE 4, PART XII, LINE 2D CONCENSSION STAND EXPENSES 79,050 false false false false false false false false false GEORGE LEVESQUE EXECUTIVE DIRECTOR 125517 25448 150965 FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO SUBMIT A SIGNED CONFLICT OF INTEREST STATEMENT TO BE REVIEWED ANNUALLY FOR POTENTIAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. REASONABLE FEES MAY BE CHARGED FOR PROVIDING NON-ELECTRIC PRINTED COPIES. FORM 990, PART XI, LINE 9 CONCESSION STAND EXPENSES 79,050 CONCENSSION STAND EXPENSES -79,050 DUE TO A CHANGE IN THE LEADERSHIP OF THE ORGANIZATION, THE TAX RETURN WAS NOT FILED TIMELY AND AN EXTENSION WAS NOT PREPARED BY THE ORIGINAL DUE DATE. THE HISTORIC PARAMOUNT THEATRE TAKES SERIOUSLY THEIR RESPONSIBILITY TO TIMELY FILE ALL REQUIRED IRS FILINGS AND HAS AN EXCELLENT RECORD OF TIMELY FILING IN THE PAST. THIS WAS A ONE-TIME OVERSIGHT DUE TO THE CHANGE IN LEADERSHIP WITH THE ENTITY. WE WILL ENSURE IN THE FUTURE THAT ALL REQUIRED FILINGS ARE TIMELY FILED. THE HISTORIC PARAMOUNT THEATRE IS A SMALL ENTITY THAT WORLS HARD TO USE EVERY DOLLAR FOR THE BENEFIT OF THE ENTITY'S EXEMPT PURPOSE. WE RESPECTFULLY REQUEST THAT ANY ASSESSED PENALTY BE ABATED FOR REASONABLE CAUSE. THANK YOU FOR YOUR CONSIDERATION.