Nonprofit · EIN 74-1774711
PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC
Tax-exempt · AUSTIN, TX 78767
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,776,170 | $85,498 | $1,690,672 | $14,449,023 | $11,893 | $14,437,130 |
| September 30, 2024 | 990 | $1,688,656 | $72,281 | $1,616,375 | $12,762,342 | $16,333 | $12,746,009 |
| September 30, 2023 | 990 | $1,677,473 | $49,765 | $1,627,708 | $11,151,834 | $23,122 | $11,128,712 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $414
- Net gain from sales of assets
- $292
- Net income from sales of inventory
- $1,775,756
- Other revenue
- $1,775,756
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $85,498
Balance sheet and other
- Total assets, start of year
- $12,762,342
- Total assets, end of year
- $14,449,023
- Total liabilities, end of year
- $11,893
- Net assets, end of year
- $14,437,130
- Land, buildings and equipment
- $360,122
- Net assets without donor restrictions
- $14,425,867
- Net assets with donor restrictions
- $11,263
- Gross receipts
- $2,083,825
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1915
- State of legal domicile
- TX
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| H JAMES RITTS III | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $373,100 | $20,550 |
| SANDRA HILL | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $203,632 | $16,407 |
| HAL KATZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHARON FRANCIA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB ELLIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| H JAMES RITTS III | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $380,631 | $9,664 |
| SANDRA HILL | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $195,119 | $9,677 |
| HAL KATZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHARON FRANCIA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB ELLIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| H JAMES RITTS III | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $328,032 | $9,942 |
| SANDRA HILL | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $178,484 | $9,087 |
| HAL KATZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHARON FRANCIA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB ELLIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1566, AUSTIN, TX 78767-1566
- Principal officer (990 for 2024)
- H JAMES RITTS, PO BOX 1566, AUSTIN, TX 78767
- Signed the 990
- SANDRA HILL, CHIEF FINANCIAL OFFICER
- Phone
- (512) 472-2901
- Website
- WWW.AUSTINTHEATRE.ORG
- Return prepared by
- MAXWELL LOCKE & RITTER LLP
Mission
WE'RE HERE TO INSPIRE GENERATIONS. WE CONNECT PEOPLE AND STRENGTHEN COMMUNITY BY SHOWCASING UNFORGETTABLE PERFORMANCES ACROSS GENRES, PROVIDING LIFE-CHANGING ARTS EDUCATION PROGRAMS, AND DREAMING UP MAGICAL EXPERIENCES IN ICONIC VENUES THAT ANCHOR AND DEFINE DOWNTOWN AUSTIN.
Program accomplishments
- ORIGINALLY OPENED AS A VAUDEVILLE HOUSE IN 1915, THE HISTORIC PARAMOUNT THEATRE HAS BEEN A SECOND HOME FOR GENERATIONS OF AUSTINITES TO GATHER, CONNECT, AND GET INSPIRED. THE THEATRE IS STILL A CORNERSTONE OF THE AUSTIN ARTS SCENE TODAY. THIS ARCHITECTURAL TREASURE OFFERS STUNNING ORIGINAL FEATURES STILL INTACT AND IN USE, INCREDIBLE ACOUSTICS FOR LIVE PERFORMANCE, AND CAPABILITIES TO SCREEN FILMS IN DIGITAL, 70MM, AND 35MM. WHILE HUNDREDS OF SHOWS ARE PRESENTED HERE EVERY YEAR, THE THEATRE IS SO MUCH MORE THAN A VENUE. OVER 15,000 CENTRAL TEXAS STUDENTS VISIT THE THEATRE ANNUALLY THROUGH PARAMOUNT EDUCATION PROGRAMS; THE ATA PRODUCED MOONTOWER JUST FOR LAUGHS FESTIVAL IS HELD HERE EVERY APRIL, ONE OF THE LARGEST COMEDY FESTIVALS IN THE NATION; IT HOSTS THE STAR-STUDDED WORLD PREMIERES OF SXSW, AUSTIN FILM FESTIVAL, AND BEYOND; PROGRAMS THE SUMMER CLASSIC FILM SERIES, NOW IN ITS 49TH YEAR; PARTNERS WITH 100+ LOCAL ORGANIZATIONS TO REMOVE ECONOMIC BARRIERS TO ACCESSING THE ARTS THROUGH COMMUNITY PROGRAMS; AND WORKS WITH EXPERTS TO ENSURE THE CAREFUL PRESERVATION OF AUSTIN HISTORY. THE PARAMOUNT IS ONE OF ONLY 20 THEATRES LEFT IN THE COUNTRY OVER 100 YEARS OLD AND STILL IN USE AS A VENUE.Expenses $85,498 · revenue $1,775,756
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 74-1774711
- 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
- 1975
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A610)
- Assets (IRS master file)
- $14,449,023
- Income (IRS master file)
- $2,083,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,776,170 | $85,498 | $14,449,023 | XML |
| 990 | September 2024 | $1,688,656 | $72,281 | $12,762,342 | XML |
| 990 | September 2023 | $1,677,473 | $49,765 | $11,151,834 | XML |
| 990 | September 2022 | $1,041,143 | $49,548 | $9,514,865 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 74-1774711).
Questions about PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC
- What is the EIN of PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC?
- The employer identification number (EIN) of PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC is 74-1774711.
- Is PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT THEATRE FOR THE PERFORMING ARTS 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 THEATRE FOR THE PERFORMING ARTS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC?
- The 990 for the year ended September 30, 2025 names H JAMES RITTS.
- Who are the officers and directors of PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PARAMOUNT THEATRE FOR THE PERFORMING ARTS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,776,170, expenses of $85,498 and total assets of $14,449,023 at year end.
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