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PARAMOUNT ARTS CENTER, INC.

Company Details

Name: PARAMOUNT ARTS CENTER, INC.
Legal type: Kentucky Corporation
Status: Active
Standing: Good
Profit or Non-Profit: Non-profit
File Date: 01 Sep 1989 (36 years ago)
Organization Date: 01 Sep 1989 (36 years ago)
Last Annual Report: 28 Jun 2024 (10 months ago)
Organization Number: 0262731
Industry: Miscellaneous Services
Number of Employees: Medium (20-99)
ZIP code: 41101
City: Ashland, Summitt, Westwood
Primary County: Boyd County
Principal Office: 1300-1322 WINCHESTER AVENUE, ASHLAND, KY 41101
Place of Formation: KENTUCKY

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PARAMOUNT ARTS CENTER, INC. CBS BENEFIT PLAN 2023 611181883 2024-12-30 PARAMOUNT ARTS CENTER, INC. 4
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2020-02-01
Business code 711100
Sponsor’s telephone number 6063240007
Plan sponsor’s address 1300 WINCHESTER AVE, ASHLAND, KY, 41101

Plan administrator’s name and address

Administrator’s EIN 846429706
Plan administrator’s name JOSEPH HSU
Plan administrator’s address 464 CHENAULT RD, FRANKFORT, KY, 40601
Administrator’s telephone number 5026954700

Signature of

Role Plan administrator
Date 2024-12-30
Name of individual signing JOSEPH HSU
Valid signature Filed with authorized/valid electronic signature
PARAMOUNT ARTS CENTER, INC. CBS BENEFIT PLAN 2022 611181883 2023-12-27 PARAMOUNT ARTS CENTER, INC. 3
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2020-02-01
Business code 711100
Sponsor’s telephone number 6063240007
Plan sponsor’s address 1300 WINCHESTER AVE, ASHLAND, KY, 41101

Plan administrator’s name and address

Administrator’s EIN 846429706
Plan administrator’s name SHAWNA BURTON
Plan administrator’s address 464 CHENAULT RD, FRANKFORT, KY, 40601
Administrator’s telephone number 5026954700

Signature of

Role Plan administrator
Date 2023-12-27
Name of individual signing SHAWNA BURTON
Valid signature Filed with authorized/valid electronic signature
PARAMOUNT ARTS CENTER, INC. CBS BENEFIT PLAN 2021 611181883 2022-12-29 PARAMOUNT ARTS CENTER, INC. 2
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2020-02-01
Business code 711100
Sponsor’s telephone number 6063240007
Plan sponsor’s address 1300 WINCHESTER AVE, ASHLAND, KY, 41101

Plan administrator’s name and address

Administrator’s EIN 846429706
Plan administrator’s name SHAWNA BURTON
Plan administrator’s address 464 CHENAULT RD, FRANKFORT, KY, 40601
Administrator’s telephone number 5026954700

Signature of

Role Plan administrator
Date 2022-12-29
Name of individual signing SHAWNA BURTON
Valid signature Filed with authorized/valid electronic signature
PARAMOUNT ARTS CENTER, INC. CBS BENEFIT PLAN 2020 611181883 2021-12-14 PARAMOUNT ARTS CENTER, INC. 5
File View Page
Three-digit plan number (PN) 501
Effective date of plan 2020-02-01
Business code 711100
Sponsor’s telephone number 6063240007
Plan sponsor’s address 1300 WINCHESTER AVE, ASHLAND, KY, 41101

Plan administrator’s name and address

Administrator’s EIN 846429706
Plan administrator’s name SHAWNA BURTON
Plan administrator’s address 464 CHENAULT RD, FRANKFORT, KY, 40601
Administrator’s telephone number 5026954700

Signature of

Role Plan administrator
Date 2021-12-14
Name of individual signing SHAWNA BURTON
Valid signature Filed with authorized/valid electronic signature
PARAMOUNT ARTS CENTER, INC. CBS BENEFIT PLAN 2019 611181883 2020-12-23 PARAMOUNT ARTS CENTER, INC. 5
Three-digit plan number (PN) 501
Effective date of plan 2020-02-01
Business code 711100
Sponsor’s telephone number 6063240007
Plan sponsor’s address 1300 WINCHESTER AVE, ASHLAND, KY, 41101

Plan administrator’s name and address

Administrator’s EIN 846429706
Plan administrator’s name KELLY WOLF
Plan administrator’s address 464 CHENAULT RD, FRANKFORT, KY, 40601
Administrator’s telephone number 5026954700

Signature of

Role Plan administrator
Date 2020-12-23
Name of individual signing KELLY WOLF
Valid signature Filed with authorized/valid electronic signature

President

Name Role
William Boykin President

Secretary

Name Role
Chuck Charles Secretary

Treasurer

Name Role
Mike Hobbs Treasurer

Vice President

Name Role
Roger Hall Vice President

Director

Name Role
LARRY A. COLLEY Director
SANDY BALL Director
NORMAN N. BOULAY Director
William Boykin Director
Chuck Charles Director
Roger Hall Director
MYRA D. RAICHE Director
EDWARD B. RENNEKER Director

Incorporator

Name Role
GILLARD B. JOHNSON, III Incorporator

Registered Agent

Name Role
HOLLY CANFIELD Registered Agent

Licenses

Department License Number License Type / Line of Authority Status Issue Date Effective Date Inactive Date Expiry Date Address
Department of Charitable Gaming EXE0002861 Exempt Organization Inactive-Expired - - - - Ashland, BOYD, KY
Department of Charitable Gaming ORG0000582 Organization Active - - - 2026-03-24 Ashland, BOYD, KY
Department of Alcoholic Beverage Control 010-QHS-186615 Qualified Historic Site License Active 2024-05-24 2021-10-13 - 2025-06-30 1300 Winchester Ave, Ashland, Boyd, KY 41101

Assumed Names

Name Status Expiration Date
PARAMOUNT WOMANS ASSOCIATION Active 2027-03-14
PAC PRODUCTION Inactive 2017-09-20

Filings

Name File Date
Annual Report 2024-06-28
Reinstatement 2023-10-30
Reinstatement Certificate of Existence 2023-10-30
Reinstatement Approval Letter Revenue 2023-10-30
Administrative Dissolution 2023-10-04
Annual Report 2022-04-01
Certificate of Assumed Name 2022-03-14
Annual Report 2021-02-10
Annual Report 2020-08-24
Registered Agent name/address change 2019-06-07

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
61-1181883 Corporation Unconditional Exemption 1300 WINCHESTER AVE, ASHLAND, KY, 41101-7554 1990-12
In Care of Name % EDWARD B RENNER JR
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-06
Asset 5,000,000 to 9,999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Jun
Asset Amount 5902007
Income Amount 3231938
Form 990 Revenue Amount 3220738
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 202206
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 202106
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 202006
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 201906
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 201806
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 201706
Filing Type E
Return Type 990
File View File
Organization Name PARAMOUNT ARTS CENTER INC
EIN 61-1181883
Tax Period 201606
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5399167000 2020-04-05 0457 PPP 1300 Winchester Ave, ASHLAND, KY, 41101-7554
Loan Status Date 2021-03-17
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 80910
Loan Approval Amount (current) 80910
Undisbursed Amount 0
Franchise Name -
Lender Location ID 57732
Servicing Lender Name Peoples Bank
Servicing Lender Address 138 Putnam St, MARIETTA, OH, 45750-2923
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address ASHLAND, BOYD, KY, 41101-7554
Project Congressional District KY-05
Number of Employees 10
NAICS code 711190
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 57732
Originating Lender Name Peoples Bank
Originating Lender Address MARIETTA, OH
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 81577.51
Forgiveness Paid Date 2021-02-19

Government Spending

Branch Date of Service Fiscal Year Cabinet Department Classification Item Name Amount
Executive 2024-08-14 2025 Tourism, Arts and Heritage Cabinet Kentucky Arts Council Fin Assist/Non-State Agencies Grants-In-Aid Federal 7301.5
Executive 2023-09-27 2024 Tourism, Arts and Heritage Cabinet Kentucky Arts Council Fin Assist/Non-State Agencies Grants-In-Aid Federal 8456

Sources: Kentucky Secretary of State