Nonprofit · EIN 58-1837080
THE PARAMOUNT FOUNDATION
Tax-exempt · BRISTOL, TN 37620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $2,044,761 | $2,307,789 | -$263,028 | $2,137,037 | $718,699 | $1,418,338 |
| June 30, 2024 | 990 | $1,817,274 | $1,824,315 | -$7,041 | $2,431,099 | $749,702 | $1,681,397 |
| June 30, 2023 | 990 | $2,184,470 | $2,096,636 | $87,834 | $2,500,662 | $811,925 | $1,688,737 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $332,829
- of which government grants
- $59,500
- Program service revenue
- $1,628,361
- Investment income
- $22,059
- Net rental income
- $56,512
- Net income from fundraising events
- $5,000
- Other revenue
- $61,512
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $340,703
- Salaries, compensation and benefits (total)
- $367,562
- Professional fundraising fees
- $0
- Accounting fees
- $18,450
- Occupancy
- $21,239
- Travel
- $8,730
- Depreciation
- $159,092
- Program services (functional)
- $2,018,495
- Management and general (functional)
- $262,455
- Fundraising (functional)
- $26,839
Balance sheet and other
- Total assets, start of year
- $2,431,099
- Total assets, end of year
- $2,137,037
- Total liabilities, end of year
- $718,699
- Net assets, end of year
- $1,418,338
- Land, buildings and equipment
- $1,212,082
- Net assets without donor restrictions
- $1,370,314
- Net assets with donor restrictions
- $48,024
- Gross receipts
- $2,044,761
- Employees
- 25
- Volunteers
- 25
- Year formed
- 1989
- State of legal domicile
- TN
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 |
|---|---|---|---|
| SARAH BETH CARTER | INTERIN EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $52,470 |
| MARY BETH RAINERO | DIRECTOR Trustee or director | 5 | $0 |
| MATTHEW RIGGINS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JON LUTTRELL | DIRECTOR Trustee or director | 5 | $0 |
| ELISE TAYLOR | SECRETARY Trustee or director, Officer | 5 | $0 |
| LOGAN MCCABE | DIRECTOR Trustee or director | 5 | $0 |
| PAUL CONCO | DIRECTOR Trustee or director | 5 | $0 |
| ROB SIMIS | DIRECTOR Trustee or director | 5 | $0 |
| ED BALABAN | PAST PRESIDENT Trustee or director | 5 | $0 |
| TRACIE JONES | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 5 | $0 |
| SHIRLEY CARRIER | DIRECTOR Trustee or director | 5 | $0 |
| DAVID GRACE | DIRECTOR Trustee or director | 5 | $0 |
| BARBARA SMITH | DIRECTOR Trustee or director | 5 | $0 |
| MATT BOLAS | DIRECTOR Trustee or director | 5 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY GRAHAM | DIRECTOR Trustee or director | 5 | $0 |
| SAM HALL | TREASURER Trustee or director, Officer | 5 | $0 |
| TY WARREN | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER HAYES | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $66,391 |
| MARY BETH RAINERO | DIRECTOR Trustee or director | 5 | $0 |
| MATTHEW RIGGINS | DIRECTOR Trustee or director | 5 | $0 |
| ETTA NICEWONDER | DIRECTOR EMERITUS Trustee or director | 5 | $0 |
| JON LUTTRELL | DIRECTOR Trustee or director | 5 | $0 |
| ELISE TAYLOR | SECRETARY Trustee or director, Officer | 5 | $0 |
| LOGAN MCCABE | DIRECTOR Trustee or director | 5 | $0 |
| PAUL CONCO | DIRECTOR Trustee or director | 5 | $0 |
| ROB SIMIS | EMERITUS Trustee or director | 5 | $0 |
| ED BALABAN | PAST PRESIDENT Trustee or director | 5 | $0 |
| TRACIE JONES | TREASURER Trustee or director, Officer | 5 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 5 | $0 |
| SHIRLEY CARRIER | DIRECTOR Trustee or director | 5 | $0 |
| DAVID GRACE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| BARBARA SMITH | DIRECTOR Trustee or director | 5 | $0 |
| MATT BOLAS | DIRECTOR Trustee or director | 5 | $0 |
| KELLY GRAHAM | DIRECTOR Trustee or director | 5 | $0 |
| SAM HALL | DIRECTOR Trustee or director | 5 | $0 |
| BLAKE RAY | DIRECTOR Trustee or director | 5 | $0 |
| TY WARREN | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER HAYES | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $74,959 |
| CAROL TRAMMELL | DIRECTOR Trustee or director | 5 | $0 |
| MARY BETH RAINERO | DIRECTOR Trustee or director | 5 | $0 |
| MATTHEW RIGGINS | DIRECTOR Trustee or director | 5 | $0 |
| RUTH KING | DIRECTOR EMERITUS Trustee or director | 5 | $0 |
| ETTA NICEWONDER | DIRECTOR EMERITUS Trustee or director | 5 | $0 |
| JON LUTTRELL | DIRECTOR Trustee or director | 5 | $0 |
| ELISE TAYLOR | DIRECTOR Trustee or director | 5 | $0 |
| LOGAN MCCABE | DIRECTOR Trustee or director | 5 | $0 |
| PAUL CONCO | DIRECTOR Trustee or director | 5 | $0 |
| ROB SIMIS | DIRECTOR Trustee or director | 5 | $0 |
| ED BALABAN | PRESIDENT Trustee or director | 5 | $0 |
| TRACIE JONES | SECRETARY Trustee or director | 5 | $0 |
| JEFF JONES | DIRECTOR Trustee or director | 5 | $0 |
| SHIRLEY CARRIER | DIRECTOR Trustee or director | 5 | $0 |
| SCOTT PEAK | TREASURER Trustee or director | 5 | $0 |
| DAVID GRACE | VICE PRESIDENT Trustee or director | 5 | $0 |
| BARBARA SMITH | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 518 STATE ST, BRISTOL, TN 37620-5910
- Principal officer (990 for 2024)
- MATTHEW RIGGINS, 518 STATE STREET, BRISTOL, TN 37620
- Signed the 990
- WILLIAM FLETCHER, EXECUTIVE DIRECTOR
- Phone
- (423) 274-8920
- Return prepared by
- OLINGER & ASSOCIATES PLLC
Mission
PRESERVATION AND RESTORATION OF THE PARAMOUNT THEATER, WHICH IS ON THE NATIONAL REGISTER OF HISTORIC PLACES.
Program accomplishments
- PROVIDING ARTISTIC AND MUSICAL PERFORMANCES TO THE GENERAL PUBLIC TO ENHANCE AND EXPAND THE APPRECIATION OF THE ARTS IN THE BRISTOL AND SURROUNDING AREAS.Expenses $2,018,495 · revenue $1,711,932
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
- 58-1837080
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,137,037
- Income (IRS master file)
- $2,044,761
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,023,361 | $2,241,396 | $2,137,037 | IRS |
| 990 | June 2024 | $1,817,274 | $1,824,315 | $2,431,099 | XML |
| 990 | June 2023 | $2,184,470 | $2,096,636 | $2,500,662 | XML |
| 990 | June 2022 | $3,301,489 | $2,303,423 | $2,156,757 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 58-1837080).
Questions about THE PARAMOUNT FOUNDATION
- What is the EIN of THE PARAMOUNT FOUNDATION?
- The employer identification number (EIN) of THE PARAMOUNT FOUNDATION is 58-1837080.
- Is THE PARAMOUNT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE PARAMOUNT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PARAMOUNT FOUNDATION 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 THE PARAMOUNT FOUNDATION 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 THE PARAMOUNT FOUNDATION 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 THE PARAMOUNT FOUNDATION?
- The 990 for the year ended June 30, 2025 names MATTHEW RIGGINS.
- Who are the officers and directors of THE PARAMOUNT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $52,470 (SARAH BETH CARTER, INTERIN EXECUTIVE DIRECTOR).
- How much revenue does THE PARAMOUNT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,044,761, expenses of $2,307,789 and total assets of $2,137,037 at year end.
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