Civic Intelligence

Maxwell C King Center for the Performing Arts Inc

EIN 59-2844281 • 501(c)3 • Cocoa, FL

Profile

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.

1519 Clearlake RoadCocoa, FL 32922

kingcenter.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.23x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.26x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$206,197

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$9,066,883

Down $2,042,829 (-18%) from 2024

Liabilities

Up

$2,127,847

Up $132,469 (+6.6%) from 2024

Net Assets

Down

$6,939,036

Down $2,175,298 (-24%) from 2024

Revenue

Down

$8,073,489

Down $1,518,335 (-16%) from 2024

Expenses

Up

$10,305,730

Up $868,936 (+9.2%) from 2024

Net Income

Down

-$2,232,241

Down $2,387,271 (-1540%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $6,323,127Liabilities 2012: $786,811Net Assets 2012: $5,536,3162012Assets 2013: $6,351,537Liabilities 2013: $658,016Net Assets 2013: $5,693,5212013Assets 2014: $7,484,305Liabilities 2014: $961,802Net Assets 2014: $6,522,5032014Assets 2015: $7,936,640Liabilities 2015: $1,077,929Net Assets 2015: $6,858,7112015Assets 2016: $7,711,586Liabilities 2016: $709,908Net Assets 2016: $7,001,6782016Assets 2017: $8,495,379Liabilities 2017: $846,993Net Assets 2017: $7,648,3862017Assets 2018: $9,211,930Liabilities 2018: $744,283Net Assets 2018: $8,467,6472018Assets 2019: $9,544,138Liabilities 2019: $900,152Net Assets 2019: $8,643,9862019Assets 2020: $6,653,096Liabilities 2020: $692,886Net Assets 2020: $5,960,2102020Assets 2021: $7,468,968Liabilities 2021: $1,221,128Net Assets 2021: $6,247,8402021Assets 2022: $10,137,230Liabilities 2022: $1,838,782Net Assets 2022: $8,298,4482022Assets 2023: $10,420,953Liabilities 2023: $1,990,563Net Assets 2023: $8,430,3902023Assets 2024: $11,109,712Liabilities 2024: $1,995,378Net Assets 2024: $9,114,3342024Assets 2025: $9,066,883Liabilities 2025: $2,127,847Net Assets 2025: $6,939,0362025

Highlighted filing

2025

Assets$9,066,883
Liabilities$2,127,847
Net Assets$6,939,036

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $4,391,250Expenses 2012: $4,567,781Net Income 2012: -$176,5312012Revenue 2013: $4,817,943Expenses 2013: $4,747,394Net Income 2013: $70,5492013Revenue 2014: $4,231,164Expenses 2014: $3,957,253Net Income 2014: $273,9112014Revenue 2015: $5,505,170Expenses 2015: $5,119,522Net Income 2015: $385,6482015Revenue 2016: $5,739,749Expenses 2016: $5,495,436Net Income 2016: $244,3132016Revenue 2017: $4,326,968Expenses 2017: $4,122,349Net Income 2017: $204,6192017Revenue 2018: $6,001,749Expenses 2018: $5,655,888Net Income 2018: $345,8612018Revenue 2019: $6,159,166Expenses 2019: $6,252,936Net Income 2019: -$93,7702019Revenue 2020: $5,249,693Expenses 2020: $8,044,166Net Income 2020: -$2,794,4732020Revenue 2021: $1,092,228Expenses 2021: $1,942,480Net Income 2021: -$850,2522021Revenue 2022: $8,368,626Expenses 2022: $5,476,715Net Income 2022: $2,891,9112022Revenue 2023: $7,169,300Expenses 2023: $7,464,388Net Income 2023: -$295,0882023Revenue 2024: $9,591,824Expenses 2024: $9,436,794Net Income 2024: $155,0302024Revenue 2025: $8,073,489Expenses 2025: $10,305,730Net Income 2025: -$2,232,2412025

Highlighted filing

2025

Revenue$8,073,489
Expenses$10,305,730
Net Income-$2,232,241

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.07$2.13$6.94$8.07$10.3$2.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$2.00$9.11$9.59$9.44$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$1.99$8.43$7.17$7.46$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$1.84$8.30$8.37$5.48$2.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.47$1.22$6.25$1.09$1.94$0.85
2020Summary only. Only limited summary data is available for this year.$6.65$0.69$5.96$5.25$8.04$2.79
2019Summary only. Only limited summary data is available for this year.$9.54$0.90$8.64$6.16$6.25$0.09
2018Summary only. Only limited summary data is available for this year.$9.21$0.74$8.47$6.00$5.66$0.35
2017Summary only. Only limited summary data is available for this year.$8.50$0.85$7.65$4.33$4.12$0.20
2016Summary only. Only limited summary data is available for this year.$7.71$0.71$7.00$5.74$5.50$0.24
2015Summary only. Only limited summary data is available for this year.$7.94$1.08$6.86$5.51$5.12$0.39
2014Summary only. Only limited summary data is available for this year.$7.48$0.96$6.52$4.23$3.96$0.27
2013Summary only. Only limited summary data is available for this year.$6.35$0.66$5.69$4.82$4.75$0.07
2012Summary only. Only limited summary data is available for this year.$6.32$0.79$5.54$4.39$4.57$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.5
Gross Receipts
$9,599,668
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,361,072$6,591,898▼ $1,769,174
Savings and Temporary Cash Investments-$231,980-
Accounts Receivable$165,249$164,634▼ $615
Inventories for Sale or Use$28,859$29,723▲ $864
Pledges and Grants Receivable$25,000$0▼ $25,000
Prepaid Expenses and Deferred Charges$15,626$11,007▼ $4,619
Cash and Non-Interest-Bearing Accounts$1,651,328$2,500▼ $1,648,828
Total Assets$11,109,712$9,066,883▼ $2,042,829
Other Assets Total$862,578$2,035,141▲ $1,172,563
Liabilities
Deferred Revenue$1,316,950$1,679,330▲ $362,380
Accounts Payable and Accrued Expenses$678,428$438,812▼ $239,616
Other Liabilities$0$9,705▲ $9,705
Total Liabilities$1,995,378$2,127,847▲ $132,469
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,914,334$5,739,036▼ $2,175,298
Net Assets With Donor Restrictions$1,200,000$1,200,000→ $0
Total Net Assets Fund Balance$9,114,334$6,939,036▼ $2,175,298
Total Liabilities and Net Assets / Fund Balance$11,109,712$9,066,883▼ $2,042,829

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,523,595--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,229,873$737,224▲ $794,449$1,116,169$6,591,898
2023$4,857,674$569,117▲ $850,865-$6,229,873
2022$4,701,536-▲ $469,207$270,233$4,857,674
2021$5,380,814-▼ $631,599$900$4,701,536
2020$4,934,375-▲ $1,257,390$773,369$5,380,814
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert PapkeGeneral ManagerFT$156,601$49,596$206,197

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlantic Professional AudioAudio Visual Solutions825 SUNSHINE LANE, Altamonte Springs, FL 32714$313,014
Asm Global Melbourne LLCMgmt / Consulting / Operations300 CONSHOHOCKEN STATE RD, West Conshohocken, PA 19428$219,265
Pro Audio Visual INCAudio Visual Solutions6413 PINECASTLE BLVD STE 1, Orlando, FL 32809$109,660
Revenue and Support

Revenue Composition

Contributions and Grants
$130,765
Program Service Revenue
$6,920,296
Investment Income
$767,474
Other Revenue
$254,954
All Other Contributions
$130,765
Change in Net Assets
$-2,232,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,073,489
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,482,064
Total Revenue per Audited Statements
$9,555,553
Total Revenue per Form 990
$8,073,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,795,660
Grants and Similar Amounts Paid$2,742,820
Salaries, Compensation, and Employee Benefits$1,767,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,742,820--$2,742,820
Fees for Services Other$1,419,510$1,600-$1,421,110
Other Salaries and Wages$1,192,177$20,910-$1,213,087
Advertising$221,531$910-$222,441
Current Officers, Directors, Trustees, and Key Employees$208,935--$208,935
Office Expenses$180,207$5,252-$185,459
Other Employee Benefits$172,728$5,044-$177,772
Payroll Taxes$148,966$1,697-$150,663
Information Technology$95,892--$95,892
Insurance$81,895--$81,895
Fees for Service Investment Mgmnt Fees$54,863--$54,863
Travel$36,086--$36,086
Fees for Services Accounting$19,117$2,500-$21,617
Pension Plan Contributions$13,939$2,854-$16,793
Other Expenses$4,167$28,923-$4,167
Total Functional Expenses$10,235,054$70,676$0$10,305,730

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,597,710
Expenses per Audited Statements$10,305,730
Total Expenses per Form 990$10,305,730
Expenses Not Reported on Form 990$1,291,980
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eastern Florida State CollegeCocoa, FL-Renovations to the Maxwell C. King Center$2,742,820
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$9,705
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The center's operations are managed by asm global melbourne, llc ("asm global"), a venue and event management company. Asm global provides professional management and consulting services, including operations and marketing services, for the center's facility.

Form 990, Part VI, Section B, Line 11B

Audited financial statements and irs 990 tax returns are presented as an agenda item to the king center board of directors for review and acceptance at a designated board meeting. Further, section 1004.70 of florida statutes requires final review and approval by eastern florida state college district board of trustees.

Form 990, Part VI, Section B, Line 12C

Board members are asked to sign and comply with the king center conflict of interest policy statement at the beginning of each year.

Form 990, Part VI, Section C, Line 19

Financial statements, governing documents and policy statements are made available to the public via the king center administrative office.

Filing and Contact Details

Filer

Filer Name
Maxwell C King Center for the
EIN
59-2844281
Phone
3214337030
Address
1519 CLEARLAKE ROAD, COCOA, FL 32922

Signing Officer

Name
Laura Maxwell
Title
VP Operations
Phone
3214337030
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Maxwell
Formed
1987
Legal Domicile
Fl
Voting Board Members
19
Independent Board Members
19
Employees
199
Volunteers
201

Preparer

Firm
Cri Advisors LLC
Address
7506 LYNX WAY SUITE 201, MELBOURNE, FL 32940
Preparer
Roman G Carraway CPA
Phone
3212550088
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractual services: program service expenses 851,939. Management and general expenses 0. Fundraising expenses 0. Total expenses 851,939. Architectural fees: program service expenses 430. Management and general expenses 0. Fundraising expenses 0. Total expenses 430. Artist fees: program service expenses 173,859. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,859. Other professional fees: program service expenses 5,284. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,284. Other service fees: program service expenses 28,990. Management and general expenses 1,600. Fundraising expenses 0. Total expenses 30,590. Sabo service fees: program service expenses 120,518. Management and general expenses 0. Fundraising expenses 0. Total expenses 120,518. Merchant fees: program service expenses 238,490. Management and general expenses 0. Fundraising expenses 0. Total expenses 238,490.

Financial Statement Notes

PART V, LINE 4:

The king center endowment is designated to subsidize operating losses of the center and assist with capital needs of the facility.

PART X, LINE 2:

The center is exempt from income taxes under section 501(c)(3) of the u.s. Internal revenue code and has been determined to be an organization, which is not a private foundation. Contributions to the center are qualified as deductions for charitable contributions. The center follows the accounting guidance for uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities.

Raw XML AppendixShowing 400 of 737 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE 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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IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT PAPKE
IRS990/Form990PartVIISectionAGrp/PersonNm1ANTHONY J CATANESE
IRS990/Form990PartVIISectionAGrp/PersonNm2TOM MOLNAR
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN W BIERBRUNNER
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTINE LANCE
IRS990/Form990PartVIISectionAGrp/PersonNm5LAURA MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES H RICHEY JD
IRS990/Form990PartVIISectionAGrp/PersonNm7CAROL CRAIG
IRS990/Form990PartVIISectionAGrp/PersonNm8DARCIA JONES FRANCEY
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL GRIEVES
IRS990/Form990PartVIISectionAGrp/PersonNm10RITA MORENO
IRS990/Form990PartVIISectionAGrp/PersonNm11GREGORY WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm12HOWIE DOROUGH
IRS990/Form990PartVIISectionAGrp/PersonNm13SCOTT D WIDERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN CURTIN
IRS990/Form990PartVIISectionAGrp/PersonNm15G MITCHELL VARNES JR
IRS990/Form990PartVIISectionAGrp/PersonNm16WINSTON E SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm17NANCY DWYER
IRS990/Form990PartVIISectionAGrp/PersonNm18THOMAS FOX
IRS990/Form990PartVIISectionAGrp/PersonNm19ROBERT J NABERHAUS III
IRS990/Form990PartVIISectionAGrp/PersonNm20DEBBIE HARRIS CALDWELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO/VP OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER (PRESIDENT EFSC)
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/InsuranceGrp/ProgramServicesAmt081895
IRS990/InsuranceGrp/TotalAmt081895
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO 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.
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IRS990/NetAssetsOrFundBalancesEOYAmt06939036
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IRS990/NetIncomeOrLossGrp/ExclusionAmt036255
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0180207
IRS990/OfficeExpensesGrp/TotalAmt0185459
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0EVENT RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0986
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128923
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IRS990/OtherExpensesGrp/ProgramServicesAmt195575
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IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES & FEES
IRS990/ProgramServiceRevenueGrp/Desc1CONCESSSIONS / CATERING
IRS990/ProgramServiceRevenueGrp/Desc2CO-PRODUCTION OF SHOWS
IRS990/ProgramServiceRevenueGrp/Desc3HANDLING FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1475789
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt382707
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1666211
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2274485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt382707
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0190422
IRS990/ProgSrvcAccomActy2Grp/Desc0DURING 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02742820
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02742820
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0473858
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0476123

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