Nonprofit · EIN 99-2756946
PARAMOUNT INSTITUTE OF COSMETIC ARTS INC
Tax-exempt · BELMONT, NC 28012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $363,322 | $96,762 | $266,560 | $1,592,263 | $1,121,685 | $470,578 |
| December 31, 2024 | 990 | $222,991 | $18,973 | $204,018 | $625,345 | $421,327 | $204,018 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $315,013
- Program service revenue
- $48,309
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Depreciation
- $48,323
- Program services (functional)
- $90,215
- Management and general (functional)
- $6,547
Balance sheet and other
- Total assets, start of year
- $625,345
- Total assets, end of year
- $1,592,263
- Total liabilities, end of year
- $1,121,685
- Net assets, end of year
- $470,578
- Land, buildings and equipment
- $1,562,390
- Net assets without donor restrictions
- $470,578
- Gross receipts
- $363,322
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2024
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRESTON A WILSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DEANA S KISER | SECRETARY Officer | 5 | $0 |
| SOMER N WILSON | BOARD MEMBER Officer | 2 | $0 |
| RACHEL A GUFFEY | BOARD MEMBER Officer | 2 | $0 |
| KRISTEN C FOREHAND | BOARD MEMBER Officer | 2 | $0 |
| MARY J WOODRING | BOARD MEMBER Officer | 2 | $0 |
| JONATHAN R BRADLEY | BOARD MEMBER Officer | 2 | $0 |
| DANIEL S BRENNEMAN | BOARD MEMBER Officer | 2 | $0 |
| JACINDA L JACOBS | BOARD MEMBER Officer | 2 | $0 |
| DERRICK J JACOBS | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRESTON A WILSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DEANA S KISER | SECRETARY Officer | 5 | $0 |
| SOMER N WILSON | BOARD MEMBER Officer | 2 | $0 |
| RACHEL A GUFFEY | BOARD MEMBER Officer | 2 | $0 |
| KRISTEN C FOREHAND | BOARD MEMBER Officer | 2 | $0 |
| MARY J WOODRING | BOARD MEMBER Officer | 2 | $0 |
| JONATHAN R BRADLEY | BOARD MEMBER Officer | 2 | $0 |
| DANIEL S BRENNEMAN | BOARD MEMBER Officer | 2 | $0 |
| JACINDA L JACOBS | BOARD MEMBER Officer | 2 | $0 |
| DERRICK J JACOBS | BOARD MEMBER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1624, BELMONT, NC 28012-1624
- In care of
- % DEANA KISER
- Signed the 990
- DEANA KISER, SECRETARY
- Phone
- (704) 363-4179
- Return prepared by
- Lethcoe Tax & Accounting Inc
Mission
IT IS OUR DESIRE AS PROFESSIONALS IN THE COSMETOLOGY INDUSTRY TO EDUCATE, SHARE THE INDUSTRY KNOWLEDGE THAT WE HAVE LEARNED OVER THE PAST 20 YEARS, AND PREPARE THOSE INDIVIDUALS THAT WANT A CAREER IN COSMETOLOGY ARTS.
Program accomplishments
- PURCHASED A BUILDING FOR A NEW COSMETIC SCHOOL. PLANS TO BEGIN RENOVATIONS SOON AND HAVE STATE BOARD APPROVED TO OPEN THE DOORS BY MID 2025.Expenses $90,215
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-2756946
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $1,592,263
- Income (IRS master file)
- $363,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $363,322 | $96,762 | $1,592,263 | XML |
| 990 | December 2024 | $222,991 | $18,973 | $625,345 | 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 99-2756946).
Questions about PARAMOUNT INSTITUTE OF COSMETIC ARTS INC
- What is the EIN of PARAMOUNT INSTITUTE OF COSMETIC ARTS INC?
- The employer identification number (EIN) of PARAMOUNT INSTITUTE OF COSMETIC ARTS INC is 99-2756946.
- Is PARAMOUNT INSTITUTE OF COSMETIC ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to PARAMOUNT INSTITUTE OF COSMETIC ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT INSTITUTE OF COSMETIC 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 INSTITUTE OF COSMETIC ARTS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARAMOUNT INSTITUTE OF COSMETIC ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of PARAMOUNT INSTITUTE OF COSMETIC ARTS INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PARAMOUNT INSTITUTE OF COSMETIC ARTS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $363,322, expenses of $96,762 and total assets of $1,592,263 at year end.
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