Florida Sports Foundation Incorporated
- Assets
- $5.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 02/2013
- Data as of
- 06/2021
- EIN
- 45-3113933
Organization Overview
Florida Sports Foundation Incorporated is located in Orlando, FL. The organization was established in 2013. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Sports Foundation Incorporated 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 06/2021, Florida Sports Foundation Incorporated generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Florida Sports Foundation Incorporated has awarded 181 individual grants totaling $18,658,268. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA SPORTS FOUNDATION (FSF), SERVES AS FLORIDA'S LEAD ORGANIZATION IN PROMOTING AND DEVELOPING FLORIDA'S SPORTS INDUSTRY. IN PARTNERSHIP WITH FLORIDA'S SPORTS COMMISSIONS AND OTHER ORGANIZATIONS THROUGHOUT THE STATE, THE MAIN FOCUS OF FSF IS TO PROMOTE AND DEVELOP PROFESSIONAL, AMATEUR AND PARTICIPATORY SPORTS FOR THE CITIZENS OF FLORIDA AND ATTRACT OUT-OF-STATE VISITORS THROUGH SPORTS, THUS CREATING SIGNIFICANT ECONOMIC BENEFIT FOR FLORIDA. FSF PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING GRANTS TO ASSIST COMMUNITIES AND HOST ORGANIZATIONS IN ATTRACTING SPORTS EVENTS, WHICH GENERATE SIGNIFICANT OUT-OF-STATE ECONOMIC IMPACT FOR THE STATE OF FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDA SPORTS FOUNDATION PROVIDED GRANTS TO LOCAL SPORTS COMMISSIONS AND OTHER SPORTS ORGANIZATIONS THROUGHOUT FLORIDA TO ASSIST COMMUNITIES AND HOST ORGANIZATIONS IN ATTRACTING SPORTS EVENTS, WHICH GENERATE SIGNIFICANT OUT-OF-STATE ECONOMIC IMPACT FOR THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Biter Chair | OfficerTrustee | 1 | $0 |
Bill Wickett Grant Committee Chair | OfficerTrustee | 1 | $0 |
Angela Suggs CEO | Officer | 40 | $0 |
Sean Flynn Director | Trustee | 1 | $0 |
Sean Mccaffrey Director | Trustee | 1 | $0 |
Megha Parekh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,937,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,052,376 |
| Total Program Service Revenue | $215,874 |
| Investment income | $6,760 |
| 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 | $5,275,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,943,211 |
| 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 | $0 |
| Fees for services: Accounting | $86,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,185 |
| Advertising and promotion | $23,177 |
| Office expenses | $35,043 |
| Information technology | $46,978 |
| Royalties | $0 |
| Occupancy | $72,000 |
| Travel | $73,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,622 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,146,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,380,292 |
| Savings and temporary cash investments | $2,783,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,314,599 |
| 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 | $24,002 |
| Net Land, buildings, and equipment | $41,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,544,373 |
| Accounts payable and accrued expenses | $334,997 |
| Grants payable | $1,158,926 |
| Deferred revenue | $33,449 |
| 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 | $1,527,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $4,017,001 |
| 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 | $5,544,373 |
Grants Awarded
Over the last fiscal year, Florida Sports Foundation Incorporated has awarded $1,943,211 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $750,000 |
Tampa, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $402,475 |
Miami Lakes, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $225,000 |
Kissimmee, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $107,868 |
PALM BEACH COUNTY SPORTS COMMISSION PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $81,836 |
Orlando, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $63,777 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Sports Foundation Incorporated has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Orange Bowl Committee Inc Miami Lakes, FL | | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Braves Foundation Inc Atlanta, GA | $5,969,688 | $4,170,883 |
Florida Sports Foundation Incorporated Orlando, FL | $5,544,373 | $5,275,010 |
Camp-Younts Foundation Orlando, FL | $47,548,397 | $5,010,079 |
Bert Fish Foundation Inc Deland, FL | $12,492,099 | $91,142 |
Fisher-Crum Foundation Inc Albany, GA | $16,325,649 | $1,999,719 |
B A S E Camp Childrens Cancer Foundation Inc Winter Park, FL | $529,350 | $568,601 |
Parks Foundation Of Miami-Dade Inc Miami, FL | $1,440,735 | $366,768 |
Mountain Brook Sports Park Foundation Birmingham, AL | $801,029 | $205,893 |
More Than Baseball Crystal River, FL | $55,108 | $49,139 |
Martin County Police Athletic League Inc Palm City, FL | $175,010 | $423,861 |
Friends Of Sarasota County Parks Inc Nokomis, FL | $669,029 | $555,979 |
Richard C Hunt Irrevocable Trust 2 Birmingham, AL | $0 | $8,601 |