MAXWELL C KING CENTER FOR THE PERFORMING ARTS INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MAXWELL C KING CENTER FOR THE PERFORMING ARTS INC (EIN 59-2844281)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2021-12-15
- IRS object ID
- 202133499349301728
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-12-15T04:51:41-00:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592844281 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Maxwell C King Center for the Performing Arts Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAXW | BusinessNameControlTxt |
| Phone | 3214337030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1519 Clearlake Road | AddressLine1Txt |
| City | Cocoa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32922 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mark C Cherry | PersonNm |
| Person Title | VP OperationsCFO | PersonTitleTxt |
| Phone | 3214337030 | PhoneNum |
| Signature | 2021-11-29 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Mark C | PersonFirstNm |
| Person Last | Cherry | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Mark C Cherry | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1519 Clearlake Road | AddressLine1Txt |
| City | Cocoa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32922 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,092,228 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | Yes (true) | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | KINGCENTER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 140 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $800,084 | PYContributionsGrantsAmt |
| CY Contributions Grants | $74,291 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,230,456 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $868,344 | CYProgramServiceRevenueAmt |
| PY Investment Income | $209,593 | PYInvestmentIncomeAmt |
| CY Investment Income | $130,177 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,560 | PYOtherRevenueAmt |
| CY Other Revenue | $19,416 | CYOtherRevenueAmt |
| PY Total Revenue | $5,249,693 | PYTotalRevenueAmt |
| CY Total Revenue | $1,092,228 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,363,931 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $888,392 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,680,235 | PYOtherExpensesAmt |
| CY Other Expenses | $1,054,088 | CYOtherExpensesAmt |
| PY Total Expenses | $8,044,166 | PYTotalExpensesAmt |
| CY Total Expenses | $1,942,480 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,794,473 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$850,252 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,653,096 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,468,968 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $692,886 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,221,128 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,960,210 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,247,840 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $216,472 | ExpenseAmt |
| Grant | $5,491 | GrantAmt |
| Revenue | $39,124 | RevenueAmt |
| Desc | During fiscal year 2020-2021, the Center finished their renovation of the main entrance, lobby and Crown Club areas. Additionally, the Center also upgraded the wireless microphone system to improve sound quality needed to meet the growing demands of the industry and to improve the show experience for the patron | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,000 | ExpenseAmt |
| Grant | $20,000 | GrantAmt |
| Desc | The Theatre for Youth was awarded the Rakonto Grant featuring the voices of the County Heroes. It was created in partnership with the Brevard Achievement Center and the Center. It was a project to tell the powerful, personal stories of Brevard County residents giving back to their community regardless of their personal challenges and different abilites. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,575,824 | ExpenseAmt |
| Grant | $39,860 | GrantAmt |
| Revenue | $718,015 | RevenueAmt |
| Desc | The King Center 2020-2021 season offered 25 main stage events. Unfortunately, due to the COVID-19 pandemic, shows were still being either postponed or cancelled making this another smaller season for the Center. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,812,296 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eastern Florida State College | PersonNm |
| Phone | 3214337030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1519 Clearlake Road | AddressLine1Txt |
| City | Cocoa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32922 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt |
|---|---|---|---|---|---|---|---|
| Anthony J Catanese | |||||||
| Chair | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Tom Molnar | |||||||
| Vice-Chair | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Pam Gatto | |||||||
| Treasurer | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Kim Vice | |||||||
| Secretary | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| James H Richey JD | |||||||
| President of Eastern Florida State College | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | 035.00 |
| Rick Balda | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Charles Clemente | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Carol Craig | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Darcia Jones Francey | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael Grieves | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Henry Lonski | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Rita Moreno | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| William C Potter | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Gregory Watson | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Steven Wm Bierbrunner | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael J Coleman | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Howie Dorough | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael Gaich | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Christine Lance | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| G Melvin Mills | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Ted Peters | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Winston Scott | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Scott D Widerman | |||||||
| Member | 003.00 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $74,291 | AllOtherContributionsAmt |
| Total Contributions | $74,291 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Ticket Sales | 711190 | $273,535 | $273,535 |
| Show Settlements Sales | 711190 | $263,522 | $263,519 |
| Sponsors | 711190 | $250,000 | $250,000 |
| Concessions | 711190 | $27,477 | $27,477 |
| Facility Rental | 711190 | $53,810 | $53,810 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $868,344 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $130,177 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $130,177 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,416 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,416 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $19,416 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,092,228 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,017,934 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $694,283 | TotalAmt |
| Program Services | $694,283 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,906 | TotalAmt |
| Program Services | $15,906 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,058 | TotalAmt |
| Program Services | $134,058 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,145 | TotalAmt |
| Program Services | $44,145 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,805 | TotalAmt |
| Management And General | $7,805 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,000 | TotalAmt |
| Management And General | $13,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,582 | TotalAmt |
| Program Services | $37,582 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $409,690 | TotalAmt |
| Program Services | $325,690 | ProgramServicesAmt |
| Management And General | $84,000 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,186 | TotalAmt |
| Program Services | $44,186 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,809 | TotalAmt |
| Program Services | $68,809 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,789 | TotalAmt |
| Program Services | $2,789 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,647 | TotalAmt |
| Program Services | $2,647 | ProgramServicesAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,379 | TotalAmt |
| Management And General | $25,379 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Event Related Expenses | $146,939 | $146,939 |
| Capital Outlay | $216,472 | $216,472 |
| Repair Maintenance | $64,267 | $64,267 |
| Membership Dues | $512 | $512 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,011 | TotalAmt |
| Program Services | $14,011 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,942,480 | TotalAmt |
| Program Services | $1,812,296 | ProgramServicesAmt |
| Management And General | $130,184 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $733 | BOYAmt |
| EOY | $2,953 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,162,613 | BOYAmt |
| EOY | $1,290,154 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,490 | BOYAmt |
| EOY | $22,677 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,747 | BOYAmt |
| EOY | $22,333 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,782 | BOYAmt |
| EOY | $20,198 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,928 | BOYAmt |
| EOY | $39,066 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,055,803 | BOYAmt |
| EOY | $6,071,587 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,653,096 | BOYAmt |
| EOY | $7,468,968 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,407 | BOYAmt |
| EOY | $268,517 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,479 | BOYAmt |
| EOY | $952,611 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $692,886 | BOYAmt |
| EOY | $1,221,128 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,760,210 | BOYAmt |
| EOY | $5,047,840 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,200,000 | BOYAmt |
| EOY | $1,200,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,960,210 | BOYAmt |
| EOY | $6,247,840 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,653,096 | BOYAmt |
| EOY | $7,468,968 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$850,252 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,137,882 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $154,276 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $214,153 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $76,919 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $800,084 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,291 | CurrentTaxYearAmt |
| Total | $1,319,723 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $154,276 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $214,153 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $76,919 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $800,084 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,291 | CurrentTaxYearAmt |
| Total | $1,319,723 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,319,723 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $181,555 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $197,903 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $244,240 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $209,593 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,177 | CurrentTaxYearAmt |
| Total | $963,468 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $48,857 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $32,071 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,804 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,560 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,416 | CurrentTaxYearAmt |
| Total | $128,708 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,411,899 | TotalSupportAmt |
| Public Support CY170 | 0.54720 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Facts And Circumstances Test | Part II Section B Line 10 Reimbursment of closed escrow account, mailing and processing fees. | FactsAndCircumstancesTestTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,934,375 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,257,390 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $773,369 | OtherExpendituresAmt |
| Administrative Expenses | $37,582 | AdministrativeExpensesAmt |
| End Year Balance | $5,380,814 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,424,225 | BeginningYearBalanceAmt |
| Contributions | $355,310 | ContributionsAmt |
| Investment Earnings Or Losses | $280,941 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,099,047 | OtherExpendituresAmt |
| Administrative Expenses | $27,054 | AdministrativeExpensesAmt |
| End Year Balance | $4,934,375 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,512,522 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $478,755 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $539,950 | OtherExpendituresAmt |
| Administrative Expenses | $27,102 | AdministrativeExpensesAmt |
| End Year Balance | $7,424,225 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,819,142 | BeginningYearBalanceAmt |
| Contributions | $76,291 | ContributionsAmt |
| Investment Earnings Or Losses | $644,419 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $27,330 | AdministrativeExpensesAmt |
| End Year Balance | $7,512,522 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,186,591 | BeginningYearBalanceAmt |
| Contributions | $62,359 | ContributionsAmt |
| Investment Earnings Or Losses | $594,110 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $23,918 | AdministrativeExpensesAmt |
| End Year Balance | $6,819,142 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.78000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.22000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal income taxes | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,252,331 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,137,882 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $22,221 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,160,103 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,092,228 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,092,228 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,964,701 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $22,221 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $22,221 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,942,480 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,942,480 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| V 4 | The King Center endowment is designated to subsidize operating losses of the center and assist with capital needs of the facility. |
| X 2 | The Center is exempt from federal and state income tax under section 501c3 of the Internal Revenue Code. Therefore, only income from business unrelated to the Centers charitable purpose is subject to federal or state income tax. Effective July 1, 2009, the Center implemented the accounting guidance for uncertainty in income taxes using the provisions of Financial Accounting Standard Boards FASB ASC 740 Income Taxes. Using that guidance, tax position initially needs to be recognized in the financial statements when it is more-than-not the position will be sustained upon examination by tax authorities. As of June 30, 2021, the Center had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the Center had no interest and penalties realted to income taxes. With few exceptions, the Center is no longer subject to U.S. federal, state and local income tax examinations by tax authorities before 2014. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| Form 990, Part IX, Line 11g | Service fees included in this category are artist fees for performers, union labor costs for stage technicians, architectural fees for capital projects, fees associated with ticket processing and other professional services provided by artist management in support of events and the 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 III, Line 3 | Then Centers 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 Centers facility. |
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