Special Olympics Florida Foundation Inc
- Assets
- $10.0m
- Revenue
- $223.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Clermont, FL
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 45-3340920
Organization Overview
Special Olympics Florida Foundation Inc is located in Clermont, FL. The organization was established in 2012. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Special Olympics Florida Foundation 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, Special Olympics Florida Foundation Inc generated $223.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $840.3k 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
SUPPORTING ORGANIZATION TO SPECIAL OLYMPICS FLORIDA, INC. TO RECEIVE, HOLD, MANAGE AND INVEST FUNDS TO BENEFIT SPECIAL OLYMPICS FLORIDA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE, HOLD, MANAGE,INVEST AND DISTRIBUTE FUNDS TO BENEFIT SPECIAL OLYMPICS FLORIDA, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris King Chairperson | OfficerTrustee | 2 | $0 |
Sherry Wheelock Director And Chief Development Officer | Trustee | 2 | $0 |
Dawn Giebler Milner Director | Trustee | 1 | $0 |
Jim Payne Director | Trustee | 1 | $0 |
Ron Fulop Director | Trustee | 1 | $0 |
Emery Gainey 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 | $223,527 |
| 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 | $223,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750,000 |
| 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 | $90,276 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $840,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $9,976,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,976,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $984,956 |
| 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 | $984,956 |
| Net assets without donor restrictions | $8,991,723 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $9,976,679 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Special Olympics Florida Foundation Inc has recieved totaling $101,320.
| Awarding Organization | Amount |
|---|---|
All Sports Association Inc Fort Walton Beach, FL PURPOSE: TO ENCOURAGE AND SUPPORT YOUTH ATHLETICS. | $50,000 |
Amazin Mets Foundation Inc Flushing, NY PURPOSE: YOUTH ATHLETIC SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $220 |
The@gerald L Nichols And Jacqueline W Nichols Foundation Inc Jacksonville, FL PURPOSE: FURTHER ORGANIZATION'S CHARITABLE NE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Golf Foundation Inc St Augustine, FL | $15,762,400 | $15,410,319 |
The Lpga Foundation Daytona Beach, FL | $9,352,661 | $8,926,297 |
American Junior Golf Foundation Inc Braselton, GA | $19,641,772 | $5,413,953 |
First Tee Of Atlanta Inc Atlanta, GA | $2,807,006 | $1,612,147 |
First Tee Of North Flordia Inc Saint Augustine, FL | $828,458 | $1,796,626 |
Alabama Shakespeare Festival Endowment Tr Montgomery, AL | $55,944,765 | $702,964 |
Atlanta Classic Foundation Inc Duluth, GA | $0 | $0 |
Reef Environmental Education Foundation Incorporated Key Largo, FL | $2,620,574 | $1,900,215 |
Special Olympics Florida Foundation Inc Clermont, FL | $9,976,679 | $223,527 |
Titan Club Inc Bogart, GA | $239,502 | $787,104 |
Friends Of Carrollwood Cultural Center Inc Tampa, FL | $7,203 | $802,379 |
Atlanta Memorial Park Conservancy Inc Atlanta, GA | $447,516 | $641,677 |