The Central Florida Sports Commission Inc
- Assets
- $2.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Orlando, FL
- Founding
- 11/1993
- Data as of
- 09/2023
- EIN
- 59-3152788
Organization Overview
The Central Florida Sports Commission Inc is located in Orlando, FL. The organization was established in 1993. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Central Florida Sports Commission Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Sports Commission 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 09/2023, Central Florida Sports Commission Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.2m during the year ending 09/2023. While expenses have increased by 6.6% per year over the past 8 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
THE CENTRAL FLORIDA SPORTS COMMISSION IS A NON PROFIT, PRIVATE ORGANIZATION CREATED TO ATTRACT INTERNATIONAL, NATIONAL, AND REGIONAL EVENTS AND SPORTS-RELATED BUSINESS AND ACTIVITY TO THE CENTRAL FLORIDA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER ORLANDO SPORTS COMMISSION (GO SPORTS) BRINGS WORLD-CLASS SPORTING EVENTS TO OUR REGION (ORANGE, OSCEOLA, LAKE & SEMINOLE COUNTIES AND THE CITY OF ORLANDO) WHICH BRINGS RESIDENTS AND VISITORS TOGETHER, BOOSTS OUR LOCAL ECONOMY, AND DRIVES AWARENESS OF OUR DESTINATION. SINCE 1993, WE HAVE WELCOMED MORE THAN 1,450 REGIONAL EVENTS IN DOZENS OF SPORTS WITH A TOTAL ECONOMIC IMPACT EXCEEDING $1.9 BILLION. THROUGHOUT THE PANDEMIC, GO SPORTS HAS CONTINUED TO WORK WITH OUR REGIONAL STAKEHOLDERS TO COLLABORATE, AGGREGATE IMPORTANT INFORMATION AND SOLICIT, CREATE AND SECURE SPORTING EVENTS TO SUPPORT THE ONGOING RECOVERY THROUGHOUT OUR COMMUNITIES. AS WE LOOK TO THE FUTURE, WE ARE CONFIDENT THAT IMPACT FROM SPORTS RELATED TRAVEL WILL HELP REVITALIZE OUR TOURISM ECONOMY AND ENHANCE OUR QUALITY OF LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Carmody Legal Counsel | Trustee | 3 | $0 |
Faron Kelley Past Chair | OfficerTrustee | 3 | $0 |
Michael Forde Executive Board | Trustee | 2 | $0 |
Craig Borkon Executive Board | Trustee | 2 | $0 |
Jackie Hayter Executive Board | Trustee | 2 | $0 |
Jordan Clark Executive Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $889,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,374,541 |
| Total Program Service Revenue | $3,942,131 |
| Investment income | $2,818 |
| 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 | $5,323,647 |
| 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. | $254,442 |
| Compensation of current officers, directors, key employees. | $47,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,521 |
| Pension plan accruals and contributions | $29,845 |
| Other employee benefits | $70,632 |
| Payroll taxes | $58,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,733 |
| Advertising and promotion | $83,695 |
| Office expenses | $23,449 |
| Information technology | $8,092 |
| Royalties | $0 |
| Occupancy | $6,147 |
| Travel | $15,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,767 |
| Insurance | $34,136 |
| All other expenses | $72,175 |
| Total functional expenses | $5,214,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589,215 |
| 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 | $316,048 |
| Net Land, buildings, and equipment | $10,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,433 |
| Total assets | $1,957,143 |
| Accounts payable and accrued expenses | $1,433,546 |
| Grants payable | $0 |
| Deferred revenue | $225,833 |
| 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 | $1,659,379 |
| Net assets without donor restrictions | $297,764 |
| 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 | $1,957,143 |