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 Vulnerability Assessment (Tuckman-Chang)

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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

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.

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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 $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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Financial Health Indicators

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Liquidity & Cash Position

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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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