MAXWELL C KING CENTER FOR THE PERFORMING ARTS INC

EIN: 592844281 501(c)(3) Arts, Culture & Humanities

COCOA, FL

Total Revenue
$8,073,489
Total Expenses
$10,305,730
Total Assets
$9,066,883
Net Assets
$6,939,036
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
FL
Principal Officer
LAURA MAXWELL
Phone
3214337030
Tax Period
2024-07-01 to 2025-06-30

MAXWELL C KING CENTER FOR THE PERFORMING ARTS INC, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $10.3M exceeded revenue, resulting in a 28% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $7,492,234 Revenue: $6,759,733

THE CENTER'S 2024-2025 SEASON OFFERED 77 MAIN STAGE EVENTS. THE CENTER ALSO PRESENTED A FREE CONCERT AGAIN THAT WAS PRESENTED BY THE BREVARD SYMPHONY ORCHESTRA TO ENGAGE THE COMMUNITY IN THE CULTURAL...

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THE CENTER'S 2024-2025 SEASON OFFERED 77 MAIN STAGE EVENTS. THE CENTER ALSO PRESENTED A FREE CONCERT AGAIN THAT WAS PRESENTED BY THE BREVARD SYMPHONY ORCHESTRA TO ENGAGE THE COMMUNITY IN THE CULTURAL ARTS PROGRAM.

Program 2
Expenses: $2,742,820

DURING FISCAL YEAR 2024-2025, THE CENTER PURCHASED A NEW FRONT-OF-HOUSE CONSOLE WITH A STAGE BOX TO ENHANCE THE AUDIENCE SOUND WHILE ALSO ENHANCING THE SETUP FOR THE ARTIST. THE CENTER ALSO UNDERWENT...

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DURING FISCAL YEAR 2024-2025, THE CENTER PURCHASED A NEW FRONT-OF-HOUSE CONSOLE WITH A STAGE BOX TO ENHANCE THE AUDIENCE SOUND WHILE ALSO ENHANCING THE SETUP FOR THE ARTIST. THE CENTER ALSO UNDERWENT CONSTRUCTION FOR THE BACK-OF-HOUSE WHICH INCLUDED CONVERTING THE KITCHEN TO A FULL-SERVICE KITCHEN, ADDING ADDITIONS TO THE PATRONS' RESTROOMS, RENOVATING THE ROTUNDA SPACE, THE BACKSTAGE STUDIO SPACE, THE GROUP RESTROOMS/DRESSING ROOMS, AND THE GREEN ROOM AND PATIO.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $130,765
Program Service Revenue $6,920,296
Investment Income $767,474
Other Revenue $254,954
TOTAL REVENUE $8,073,489

Expense Breakdown

Grants Paid $2,742,820
Salaries & Benefits $1,767,250
Fundraising Expenses $0
Program Expenses $10,235,054
Other Expenses $5,795,660
TOTAL EXPENSES $10,305,730

Year-over-Year Comparison

2024 2023 Change
Revenue $8,073,489 $9,591,824 -0.2%
Expenses $10,305,730 $9,436,794 +0.1%
Net Income $-2,232,241 $155,030 -15.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
199
Volunteers
201

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT PAPKE GENERAL MANAGER 40.00
Highest
$156,601 $49,596 $206,197
ANTHONY J CATANESE CHAIR 5.00
Officer Director
$0 $0 $0
TOM MOLNAR VICE-CHAIR 5.00
Officer Director
$0 $0 $0
STEVEN W BIERBRUNNER TREASURER 5.00
Officer Director
$0 $0 $0
CHRISTINE LANCE SECRETARY 5.00
Officer Director
$0 $0 $0
LAURA MAXWELL CFO/VP OPERATIONS 5.00
Officer
$0 $0 $0
JAMES H RICHEY JD MEMBER (PRESIDENT EFSC) 3.00
Director
$0 $0 $0
CAROL CRAIG MEMBER 3.00
Director
$0 $0 $0
DARCIA JONES FRANCEY MEMBER 3.00
Director
$0 $0 $0
MICHAEL GRIEVES MEMBER 3.00
Director
$0 $0 $0
RITA MORENO MEMBER 3.00
Director
$0 $0 $0
GREGORY WATSON MEMBER 3.00
Director
$0 $0 $0
HOWIE DOROUGH MEMBER 3.00
Director
$0 $0 $0
SCOTT D WIDERMAN MEMBER 3.00
Director
$0 $0 $0
BRIAN CURTIN MEMBER 3.00
Director
$0 $0 $0
G MITCHELL VARNES JR MEMBER 3.00
Director
$0 $0 $0
WINSTON E SCOTT MEMBER 3.00
Director
$0 $0 $0
NANCY DWYER MEMBER 3.00
Director
$0 $0 $0
THOMAS FOX MEMBER 3.00
Director
$0 $0 $0
ROBERT J NABERHAUS III MEMBER 3.00
Director
$0 $0 $0
DEBBIE HARRIS CALDWELL MEMBER 3.00
Director
$0 $0 $0
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
2025 $8,073,489 $10,305,730 $9,066,883 $-2,232,241
2024 $9,591,824 $9,436,794 $11,109,712 $155,030
2023 $7,169,300 $7,464,388 $10,420,953 $-295,088
2022 $8,368,626 $5,476,715 $10,137,230 $2,891,911
2021 $1,092,228 $1,942,480 $7,468,968 $-850,252
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