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Nonprofit · EIN 36-3189061

PARAMOUNT ARTS CENTRE INC

Tax-exempt · AURORA, IL 60506

Financials

$1.5M$1.5M2023$2.4M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of PARAMOUNT ARTS CENTRE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,365,103$2,365,125-$22$39,336$4,699$34,637
December 31, 2023990$1,529,843$1,529,858-$15$39,358$4,699$34,659
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,417,382
Program service revenue
$0
Investment income
$2
Net income from fundraising events
-$52,281
Other revenue
-$52,281

Expenses

Grants and similar amounts paid
$2,365,101
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,365,101
Management and general (functional)
$24

Balance sheet and other

Total assets, start of year
$39,358
Total assets, end of year
$39,336
Total liabilities, end of year
$4,699
Net assets, end of year
$34,637
Net assets with donor restrictions
$34,637
Gross receipts
$2,822,728
Employees
0
Volunteers
9
Year formed
1984
State of legal domicile
IL

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GINA MOGAVICE CHAIR
Trustee or director, Officer
1$0
JONATHAN HYLTONCHAIR
Trustee or director, Officer
1$0
JOHN SAVAGETREASURER
Trustee or director, Officer
1$0
MIKE BAUMSECRETARY
Trustee or director, Officer
1$0
CHRISTINE GOERLICH-WEBERDIRECTOR
Trustee or director
1$0
HON PETER GROMETERDIRECTOR
Trustee or director
1$0
CYNTHIA LATIMERDIRECTOR
Trustee or director
1$0
KEVIN FITZPATRICKDIRECTOR
Trustee or director
1$0
TIM HOPPADIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
GINA MOGAVICE CHAIR
Trustee or director, Officer
1$0
JONATHAN HYLTONCHAIR
Trustee or director, Officer
1$0
JOHN SAVAGETREASURER
Trustee or director, Officer
1$0
MIKE BAUMSECRETARY
Trustee or director, Officer
1$0
CHRISTINE GOERLICH-WEBERDIRECTOR
Trustee or director
1$0
HON PETER GROMETERDIRECTOR
Trustee or director
1$0
CYNTHIA LATIMERDIRECTOR
Trustee or director
1$0
KEVIN FITZPATRICKDIRECTOR
Trustee or director
1$0
TIM HOPPADIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
8 E GALENA BLVD STE 230, AURORA, IL 60506-4161
In care of
% CAROL MARIE OMARARRAH
Principal officer (990 for 2024)
JONATHAN HYLTON, 8 EAST GALENA 230, AURORA, IL 60506
Signed the 990
GINA MOGA, VICE CHAIR
Phone
(630) 896-7676
Return prepared by
SIKICH LLC

Mission

PARAMOUNT THEATRE IS COMMITTED TO BEING A DEFINING CATALYST FOR PERSONAL AND COMMUNITY TRANSFORMATION BY: MAKING THE PERFORMING ARTS ACCESSIBLE FOR EVERY AGE AND SOCIO-ECONOMIC BACKGROUND, INTRODUCING THE MAGIC OF LIVE THEATRE ACROSS GENERATIONS TO ENCOURAGE EXPANSIVE IMAGINATIONS AND BROAD VIEWS OF PEOPLE AND THE WORLD, AND CONTRIBUTING TO THE FUTURE STABILITY GROWTH OF AURORA'S DOWNTOWN

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTION AND ADVERTISING OF THEATRICAL EVENTS AT THE PARAMOUNT ARTS CENTRE, AURORA, ILLINOIS IN ORDER TO DEVELOP AN APPRECIATION FOR THE PERFORMING AND VISUAL ARTS.
    Expenses $2,365,101 · grants $2,365,101

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3189061
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
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$39,336
Income (IRS master file)
$2,822,728

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,365,103$2,365,125$39,336XML
990December 2023$1,529,843$1,529,858$39,358XML
990December 2022$1,508,456$1,508,451$38,763IRS
990December 2021–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 36-3189061).

Questions about PARAMOUNT ARTS CENTRE INC

What is the EIN of PARAMOUNT ARTS CENTRE INC?
The employer identification number (EIN) of PARAMOUNT ARTS CENTRE INC is 36-3189061.
Is PARAMOUNT ARTS CENTRE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to PARAMOUNT ARTS CENTRE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PARAMOUNT ARTS CENTRE 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 CENTRE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PARAMOUNT ARTS CENTRE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PARAMOUNT ARTS CENTRE INC?
The 990 for the year ended December 31, 2024 names JONATHAN HYLTON.
Who are the officers and directors of PARAMOUNT ARTS CENTRE INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does PARAMOUNT ARTS CENTRE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,365,103, expenses of $2,365,125 and total assets of $39,336 at year end.

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