Special Olympics Florida Inc
- Assets
- $11.1m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 130
- Location
- Clermont, FL
- Founding
- 06/1972
- Data as of
- 12/2023
- EIN
- 23-7181560
Organization Overview
Special Olympics Florida Inc is located in Clermont, FL. The organization was established in 1972. According to its NTEE Classification (N72) the organization is classified as: Special Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Special Olympics Florida Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Florida 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 12/2023, Special Olympics Florida Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $18.7m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PARTICIPATION IN 213 LOCAL COMPETITIONS, 69,453 SPECIAL OLYMPICS ATHLETES FROM FLORIDA HAD AMPLE OPPORTUNITIES TO PRACTICE AND HONE THEIR SKILLS, A 19% GROWTH OVER PRIOR YEAR. WITH 26 DIFFERENT SPORTS BEING OFFERED YEAR-ROUND, THERE IS SOMETHING FOR EVERYONE.
TRAINING OF 69,453 ATHLETES IN FUNCTIONAL SPORTS SKILLS AND RULES WHICH EMPOWER AND ENABLE THEM TO INTERACT WITH THE COMMUNITY. TRAINING TAKES PLACE NOT ONLY AS PART OF THE OLYMPIC TYPE SPORTS OFFERED, BUT ALSO THROUGH OUR UNIFIED SPORTS YOUNG ATHLETES PROGRAM AND ATHLETE LEADERSHIP COURSES TO ENHANCE OUR ATHLETES' OPPORTUNITIES WITHIN OUR COMMUNITY. WHILE PROVIDING THE ATHLETES WITH OPPORTUNITIES TO BUILD MUSCLES AND SHARPEN MOTOR SKILLS, TRAINING ALSO BUILDS SELF-CONFIDENCE AND THE DEVELOPMENT OF SOCIAL SKILLS THAT WILL HELP THEM LIVE A BETTER LIFE.
HEALTHY PROGRAMS - STRIVE TO IMPROVE ATHLETES' WELL-BEING & OVERALL SPORTS EXPERIENCE THROUGH ENHANCEMENT OF HEALTH, WELLNESS & FITNESS INITIATIVES. THROUGH PARTNERSHIPS FITNESS AND WELLNESS PROGRAMS, AS WELL AS ROBUST HEALTHY ATHLETES PROGRAMMING, SOFL IS PAVING THE WAY FOR INCLUSIVE HEALTH. WE OFFER AN APPROACH THAT FOCUSES ON THE WHOLE PERSON WITH AN INTELLECTUAL & DEVELOPMENTAL DISABILITY & PROVIDE INTEGRATED HEALTH CARE & REFERRALS. ATHLETES ARE OFFERED IN EIGHT DISCIPLINES, INCLUDING HEALTH PROMOTION, PHYSICAL EXAMINATIONS, PHYSICAL THERAPY, HEARING, VISION, PODIATRY, MENTAL WELLNESS, AND DENTAL CARE. SOFL TRAINS HEALTHCARE PROVIDERS THROUGHOUT THE STATE, IMPROVING ACCESS TO QUALITY HEALTH CARE YEAR-ROUND FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THEIR OWN COMMUNITIES. DURING 2023, THE PROGRAM PERFORMED 10,626 HEALTH SCREENINGS, A 54% GROWTH OVER PRIOR YEAR, WITH THE ASSISTANCE OF 1,881 HEALTH CARE PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Wheelock President/ceo | Officer | 40 | $261,819 |
Berit Amlie Chief Administrative Officer | Officer | 40 | $185,853 |
Linsey Harris-Smith Chief Development And Marketin | 40 | $147,070 | |
Meghan Lea Mclean Chief Operating Officer | 40 | $151,961 | |
Alan Young Sr. VP Controller | 40 | $136,377 | |
Dolores Newcomb Sr. VP Corporate Partnerships | 40 | $123,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,060,579 |
| Related organizations | $350,000 |
| Government grants | $2,083,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,562,279 |
| Noncash contributions included in lines 1a–1f | $363,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,056,772 |
| Total Program Service Revenue | $0 |
| Investment income | $405,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,709 |
| Net Income from Fundraising Events | $1,865,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,283,005 |
| 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. | $513,889 |
| Compensation of current officers, directors, key employees. | $33,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,082,453 |
| Pension plan accruals and contributions | $358,918 |
| Other employee benefits | $731,899 |
| Payroll taxes | $466,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,030 |
| Fees for services: Accounting | $65,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,403 |
| Advertising and promotion | $174,488 |
| Office expenses | $778,886 |
| Information technology | $56,558 |
| Royalties | $0 |
| Occupancy | $1,930,078 |
| Travel | $781,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,910 |
| Interest | $0 |
| Payments to affiliates | $272,451 |
| Depreciation, depletion, and amortization | $396,265 |
| Insurance | $314,795 |
| All other expenses | $783,236 |
| Total functional expenses | $18,717,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,147,248 |
| Accounts receivable, net | $435,069 |
| 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 | $308,379 |
| Net Land, buildings, and equipment | $1,493,145 |
| Investments—publicly traded securities | $4,666,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,658,258 |
| Total assets | $11,116,122 |
| Accounts payable and accrued expenses | $1,711,602 |
| Grants payable | $0 |
| Deferred revenue | $375,596 |
| 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 | $1,328,990 |
| Total liabilities | $3,416,188 |
| Net assets without donor restrictions | $7,377,728 |
| Net assets with donor restrictions | $322,206 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,116,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Florida Inc Clermont, FL | $11,116,122 | $16,283,005 |
Special Olympics Usa Games 2022 Organizing Committee Orlando, FL | $0 | $5,822,181 |
Special Olympics Georgia Inc Norcross, GA | $27,790,072 | $6,279,672 |
Alabama Special Olympics Inc Montgomery, AL | $978,983 | $930,064 |
Special Populations Tennis Program Inc Roswell, GA | $205,553 | $0 |
Americas Paralympic Commitee Inc Miami, FL | $0 | $0 |