THE APPLETON CULTURAL CENTER INC

EIN: 592242706 501(c)(3) Arts, Culture & Humanities

OCALA, FL

Total Revenue
$31,783
Total Expenses
$6,570
Total Assets
$672,340
Net Assets
$672,340
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
FL
Principal Officer
CHARLES PRINCE
Phone
3528542322
Tax Period
2024-01-01 to 2024-12-31

THE APPLETON CULTURAL CENTER INC, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 79% operating margin.

Mission

THE CORPORATION IS OPERATED EXCLUSIVELY AS A SPONSORING ORGANIZATION UNDER 265.603, FLA. STAT. (2006) AND A DIRECT SUPPORT ORGANIZATION ORGANIZED UNDER 1004.70, FLA. STAT. (2006). AS SUCH, THE CORPORATION IS ORGANIZED AND OPERATED BY THE DISTRICT BOARD OF TRUSTEES OF THE COLLEGE OF CENTRAL FLORIDA. THE CORPORATION RECEIVES, HOLDS, INVESTS AND ADMINISTERS PROPERTY, MAKES EXPENDITURES, AND CONDUCTS, CREATES, PRODUCES OR SPONSORS CULTURAL EXHIBITS, PERFORMANCES OR EVENTS FOR THE BENEFIT OF THE APPLETON MUSEUM OF ART, SUCH PURPOSES BEING ALSO WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 AS SUBSEQUENTLY AMENDED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $31,783
Other Revenue $0
TOTAL REVENUE $31,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,570
Other Expenses $6,570
TOTAL EXPENSES $6,570

Year-over-Year Comparison

2024 2023 Change
Revenue $31,783 $16,581 +0.9%
Expenses $6,570 $5,761 +0.1%
Net Income $25,213 $10,820 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$622,341
Total Directors
5
$1,046,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JAMES HENNINGSEN PRESIDENT 1.00
Officer Director
$0 $77,354 $388,214
CHRISTOPHER KNIFE DIRECTOR 1.00
Director
$0 $57,918 $200,732
DR MARK PAUGH DIRECTOR 1.00
Director
$0 $64,456 $223,027
WILLIAM EDGAR DIRECTOR 1.00
Director
$0 $0 $0
CHARLES PRINCE SEC/TREAS 1.00
Officer Director
$0 $67,304 $234,127
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $31,783 $6,570 $672,340 $25,213
2023 $16,581 $5,761 $646,899 $10,820
2022 $17,867 $89,893 $635,473 $-72,026
2021 $13,766 $4,361 $760,436 $9,405
2020 $9,230 $4,261 $787,169 $4,969
2019 $17,708 $4,011 $770,229 $13,697
2018 $18,165 $29,011 $729,552 $-10,846
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