Form 990 for tax year 2022
Filed by MAXWELL C KING CENTER FOR THE PERFORMING ARTS INC.
Totals
- Total revenue
- $7,169,300
- Total expenses
- $7,464,388
- Contributions and grants received
- $332,075
- Grants paid
- $0
- Program service revenue
- $6,501,208
- Investment income
- $109,667
- Other revenue
- $226,350
- Total assets, end of year
- $10,420,953
- Total liabilities, end of year
- $1,990,563
- Net assets or fund balances, end of year
- $8,430,390
- Program services expenses (Part IX)
- $6,964,645
- Management and general expenses
- $499,743
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,964,645
Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$44,865
-
1f · All other contributions, gifts and grants
$287,210
-
2a · Program service revenue: TICKET SALES & FEES
total $5,459,090 · related or exempt $5,459,090
-
2b · Program service revenue: CONCESSSIONS
total $654,966 · related or exempt $654,966
-
2c · Program service revenue: CO-PRODUCTION OF SHOWS
total $288,656 · related or exempt $288,656
-
2d · Program service revenue: OTHER EVENTS
total $98,496 · related or exempt $98,496
-
3 · Investment income
total $250,967 · excluded $250,967
-
6a · Gross rents
real property $201,588
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $201,588
-
6d · Net rental income or loss
total $201,588 · excluded $201,588
-
7a · Gross sales of assets other than inventory
securities $526,483
-
7b · Less cost or other basis and sales expenses
securities $667,783
-
7c · Gain or loss
securities -$141,300
-
7d · Net gain or loss
total -$141,300 · excluded -$141,300
-
10a · Gross sales of inventory
$23,441
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $23,441 · related or exempt $23,441
-
11a · Other revenue: MISC
total $1,321 · related or exempt $1,321
-
11e · Other revenue, total
$1,321
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,600,751 · program services $1,581,402 · management and general $19,349
-
8 · Pension plan contributions
total $33,979 · program services $31,662 · management and general $2,317
-
9 · Other employee benefits
total $200,405 · program services $190,395 · management and general $10,010
-
10 · Payroll taxes
total $127,178 · program services $125,681 · management and general $1,497
-
11c · Fees: accounting
total $28,350 · management and general $28,350
-
11f · Fees: investment management
total $43,841 · program services $42,835 · management and general $1,006
-
11g · Fees: other
total $1,096,707 · program services $1,012,198 · management and general $84,509
-
12 · Advertising and promotion
total $251,599 · program services $250,629 · management and general $970
-
13 · Office expenses
total $209,204 · program services $207,939 · management and general $1,265
-
14 · Information technology
total $2,628 · program services $2,628
-
17 · Travel
total $20,823 · program services $20,823
-
23 · Insurance
total $94,489 · program services $67 · management and general $94,422
-
24a · Other expenses: EVENT RELATED EXPENSES
total $3,240,002 · program services $3,240,002
-
24b · Other expenses: MINOR EQUIPMENT/REPAIRS
total $453,817 · program services $198,817 · management and general $255,000
-
24c · Other expenses: MISC
total $29,926 · program services $29,926
-
24d · Other expenses: REPAIR & MAINTENANCE
total $23,298 · program services $22,250 · management and general $1,048
-
24e · All other expenses
total $7,391 · program services $7,391
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,031,219 · end of year $2,042,516
-
2 · Savings and temporary cash investments
beginning of year $1,673,523 · end of year $1,830,903
-
3 · Pledges and grants receivable
beginning of year $6,250 · end of year $19,865
-
4 · Accounts receivable
beginning of year $88,136 · end of year $186,041
-
8 · Inventories for sale or use
beginning of year $20,465 · end of year $32,954
-
9 · Prepaid expenses and deferred charges
beginning of year $37,389 · end of year $41,559
-
11 · Investments: publicly traded securities
beginning of year $5,280,248 · end of year $6,242,678
-
15 · Other assets
beginning of year $0 · end of year $24,437
-
17 · Accounts payable and accrued expenses
beginning of year $598,319 · end of year $325,792
-
19 · Deferred revenue
beginning of year $1,240,463 · end of year $1,664,771
-
27 · Net assets without donor restrictions
beginning of year $7,098,448 · end of year $7,230,390
-
28 · Net assets with donor restrictions
beginning of year $1,200,000 · end of year $1,200,000
Mission and programs · 2022
Mission
TO IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS OF BREVARD COUNTY THROUGH CULTURAL, EDUCATIONAL, RECREATIONAL AND COMMUNITY ARTS PROGRAMS BY PROVIDING ACCESS TO HIGH QUALITY CHALLENGING AND DIVERSE TOURING AND LOCAL PERFORMING ARTS EVENTS.
Activities or mission (Part I)
THE KING CENTER PROVIDED CULTURAL ENRICHMENT FOR BREVARD COUNTY RESIDENTS BY SPONSORING THEATRICAL PERFORMANCES AS WELL AS MAKING THE FACILITY AVAILABLE TO LOCAL PERFORMING ART GROUPS.
-
THE THEATRE FOR YOUTH OUTREACH (TFYO) OFFERED 6 PROGRAMS DURING FISCAL YEAR 2022-2023. THE TFYO CONTINUES TO NURTURE THE RELATIONSHIP WITH BREVARD COUNTY PUBLIC SCHOOL SYSTEM BY OFFERING AFFORDABLE AND COMPLIMENTARY TICKETS TO UNDER PRIVILEGED SCHOOL AGED CHILDREN AND PROFESSIONAL DEVELOPMENT WORKSHOPS FOR LOCAL EDUCATORS.
Expenses $76,733 · Revenue $66,620
-
DURING FISCAL YEAR 2022-2023, THE CENTER PURCHASED NEW MAIN STAGE LIGHTS, PHASE MODULE AND FOG MACHINE TO UPGRADE THE PATRON'S SHOW EXPERIENCE. THEY ALSO REPLACED THE STRUCTURAL STEEL SUPPORT SYSTEM FOR THE SPEAKERS ABOVE THE MAIN STAGE.
Expenses $167,778 · Revenue $296,576
-
THE CENTER'S 2022-2023 SEASON OFFERED 110 MAIN STAGE EVENTS. THIS WAS 17 MORE SHOWS FROM THE PREVIOUS YEAR. THE CENTER ALSO PRESENTED A FREE CONCERT PRESENTED BY THE BREVARD SYMPHONY ORCHESTRA TO ENGAGE THE COMMUNITY IN THE CULTURAL ARTS PROGRAMS.
Expenses $6,720,134 · Revenue $6,162,774
As filed on the 2022 return.
Listed in Part VII
-
Anthony J CataneseANTHONY J CATANESE
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Tom MolnarTOM MOLNAR
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Steven Wm BierbrunnerSTEVEN WM BIERBRUNNER
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
James H Richey JDJAMES H RICHEY JD
PRESIDENT OF EFSC
- Total calculated
- $0
- Hours/week
- 5
-
Carol CraigCAROL CRAIG
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Darcia Jones FranceyDARCIA JONES FRANCEY
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Michael GrievesMICHAEL GRIEVES
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Rita MorenoRITA MORENO
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Gregory WatsonGREGORY WATSON
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Howie DoroughHOWIE DOROUGH
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Christine LanceCHRISTINE LANCE
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Scott D WidermanSCOTT D WIDERMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Brian CurtinBRIAN CURTIN
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Don FarnsworthDON FARNSWORTH
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mitch VarnesMITCH VARNES
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Stephanie Moss DandridgeSTEPHANIE MOSS DANDRIDGE
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Nancy DwyerNANCY DWYER
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Thomas FoxTHOMAS FOX
MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Laura MaxwellLAURA MAXWELL
CFO/VP OPERATIONS
- Total calculated
- $0
- Hours/week
- 5
-
Winston E ScottWINSTON E SCOTT
DISTRICT BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 5
-
Robert PapkeROBERT PAPKE
GENERAL MANAGER
- Total calculated
- $164,047
- From this org
- $126,000
- From related orgs
- $0
- Other
- $38,047
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,000
- Bonus
- $0
- Other
- $0
- Deferred
- $3,780
- Nontaxable benefits
- $34,267
- Filer's total
- $164,047
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420839349300702
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