South Florida Sports Foundation Inc is located in Miami Gardens, FL. The organization was established in 1996. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Sports 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 12/2023, South Florida Sports Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 10.7% 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.
Since 2014, South Florida Sports Foundation Inc has awarded 268 individual grants totaling $10,860,718. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO SUPPORT HEALTH, EDUCATION, AND VOLUNTEERISM IN SOUTH FLORIDA, AND TO IMPROVE THE LIVES OF PEOPLE AND COMMUNITIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE FOUNDATION SUPPORTS VARIOUS COMMUNITY PROGRAMS AND ORGANIZATIONS CONSISTENT WITH ITS MISSION (I.E., TO SUPPORT HEALTH, EDUCATION, AND VOLUNTEERISM IN SOUTH FLORIDA, AND TO IMPROVE THE LIVES OF PEOPLE AND COMMUNITIES IN NEED). EXAMPLES OF INITIATIVES AND PROGRAMS SUPPORTED BY THE FOUNDATION INCLUDE, BUT ARE NOT LIMITED TO, 5,000 ROLE MODELS, YWCA, AND BIG BROTHERS.HURRICANE RELIEF - HURRICANE SEASON IS FROM JUNE - DECEMBER EACH YEAR. THE SOUTH FLORIDA REGION AND ITS CARIBBEAN NEIGHBORS ARE AT RISK OF DAMAGE SHOULD A HURRICANE HIT. THIS FUND HELPS THE MIAMI DOLPHINS TO ASSIST IN THE RESTORATION OF COMMUNITIES THAT HAVE BEEN IMPACTED BY A HURRICANE.SOCIAL JUSTICE - THE MIAMI DOLPHINS' GOAL IS TO LEVEL THE PLAYING FIELD THROUGH THE POWER OF TEAMWORK TO INSPIRE A HEALTHIER, MORE EDUCATED AND UNITED SOUTH FLORIDA COMMUNITY. WE BELIEVE IT IS IMPORTANT TO BE INCLUSIVE OF THE DIVERSITY AND AWARE OF THE INTERSECTIONS THAT MAKE UP SOUTH FLORIDA, UNITING GROUPS OF DIFFERENT RACES, GENDERS, SEXUAL ORIENTATIONS, IDENTITIES, ABILITIES AND FAITH AROUND THE POWER OF FOOTBALL. THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO STUDENTS NOMINATED BY MIAMI-DADE COUNTY SCHOOLS IN SUPPORT OF THESE GOALS.NFL GRANTS DISBURSEMENTS - GRANTS RECEIVED FROM THE NFL FOUNDATION PARTIALLY FUND COACH OF THE WEEK, ATHLETIC TRAINERS, PLAY 60, VOLUNTEER PROGRAM, HOMETOWN HUDDLE, CRUCIAL CATCH, SOCIAL JUSTICE, SALUTE TO SERVICE AND SOCIAL RESPONSIBILITY. THE FOUNDATION MANAGES AND DISBURSES FUNDS TO SUPPORT PROGRAMMING IN THE COMMUNITY. COMMUNITY PROGRAMS - MIAMI DOLPHINS SPONSORSHIP DEALS THAT HAVE A COMMUNITY COMPONENT (COMMUNITY RELATIONS OR YOUTH PROGRAMS), HAVE THEIR ALLOTTED FUNDS DEPOSITED INTO THIS ACCOUNT FOR USE TO FULFILL THE CONTRACTED COMMUNITY EVENTS.NAT MOORE ENDOWMENT SCHOLARSHIP FUND - THE NAT MOORE SCHOLARSHIP ENDOWMENT WILL PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS FROM HIGH SCHOOLS IN MIAMI-DADE, BROWARD, PALM BEACH AND MONROE COUNTIES. NO RESTRICTION IS PLACED ON THE STUDENT'S CHOICE OF SCHOOL OR DISCIPLINE OF STUDY. THE NUMBER OF SCHOLARSHIPS AWARDED IS BASED ON THE FUNDING AVAILABLE AND THE NUMBER OF QUALITY APPLICATIONS RECEIVED. THE SCHOLARSHIPS ARE PRIMARILY DISTRIBUTED DIRECTLY TO COLLEGES OVER FOUR YEARS, WHICH HELPS TO ENSURE THAT THE STUDENT REMAINS IN SCHOOL. THE 2023 NMEF RECIPIENT AWARD AMOUNT IS $125,000 AND WILL BE DISBURSED IN INCREMENTS OF $2,500 PER YEAR FOR FOUR (4) YEARS. THE TOTAL NMEF SCHOLARSHIPS DISBURSED IN 2023 FOR 2020-2023 SCHOLARSHIP RECIPIENTS TOTALS $87,500.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen M Ross Director | Trustee | 0.5 | $0 |
Tom Garfinkel Director | Trustee | 1 | $0 |
Stuart Miller Director | Trustee | 0.5 | $0 |
Jeffrey Peck Director | Trustee | 0.5 | $0 |
Al Dotson Director | Trustee | 0.5 | $0 |
Christopher Clements Treasurer / VP | Officer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $263,913 |
Related organizations | $900,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $304,519 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,432 |
Total Program Service Revenue | $0 |
Investment income | $395,129 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$66,161 |
Net Income from Fundraising Events | -$252,273 |
Net Income from Gaming Activities | $802,334 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,385,677 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,168,027 |
Grants and other assistance to domestic individuals. | $113,390 |
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 | $411,716 |
Pension plan accruals and contributions | $14,476 |
Other employee benefits | $30,104 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,176 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $92,649 |
Advertising and promotion | $0 |
Office expenses | $16,010 |
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 | $246,738 |
Total functional expenses | $2,477,295 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,534,987 |
Savings and temporary cash investments | $169,715 |
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 | $2,357,178 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,489 |
Total assets | $4,066,369 |
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 | $233,093 |
Total liabilities | $233,093 |
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 | $3,833,276 |
Total liabilities and net assets/fund balances | $4,066,369 |
Over the last fiscal year, South Florida Sports Foundation Inc has awarded $1,145,252 in support to 35 organizations.
Grant Recipient | Amount |
---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: DONATION | $300,000 |
UNIVERSITY OF MIAMI KIDZ NEUROSCIENCE PURPOSE: DONATION | $75,000 |
NICKLAUS CHILDREN'S HOSPITAL PURPOSE: DONATION | $250,000 |
BAPTIST HEALTH FOUNDATION PURPOSE: DONATION | $50,000 |
5000 ROLE MODELS OF EXCELLENCE PURPOSE: SOCIAL JUSTICE DONATED ITEMS (LAPTOPS) | $53,649 |
5000 ROLE MODELS OF EXCELLENCE PURPOSE: SOCIAL JUSTICE DONATION | $35,000 |