The Appleton Cultural Center Inc
- Assets
- $760.4k
- Revenue
- $13.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 59-2242706
Organization Overview
The Appleton Cultural Center Inc is located in Ocala, FL. The organization was established in 2008. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appleton Cultural Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Appleton Cultural Center Inc generated $13.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVERAL THOUSAND PEOPLE WERE SERVED IN CARRYING OUT THE EXEMPT PURPOSE WHICH IS TO BRING OPPORTUNITIES TO ENHANCE THE UNDERSTANDING AND APPRECIATION OF THE WORLD OF CULTURE THROUGH ART AND AESTHETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Prince Sec/treas | OfficerTrustee | 1 | $0 |
Dr Jim Henningsen President | OfficerTrustee | 1 | $0 |
Joyce Brancato Director | Trustee | 1 | $0 |
Dr Mark Paugh Director | Trustee | 1 | $0 |
Christopher Knife Director | Trustee | 1 | $0 |
Dr Jillian Ramsammy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $13,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $8,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $751,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,436 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $760,436 |
| Total liabilities and net assets/fund balances | $760,436 |
Endowment Analysis
| Beg. Balance | $600,000 |
| Earnings | -$36,138 |
| Other Expense | $36,138 |
| Ending Balance | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
Friends Of The Uffizi Gallery Inc Palm Beach, FL | $431,458 | $549,429 |
Jacksonville Symphony Foundationinc Jacksonville, FL | $11,614,969 | $1,244,585 |