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Nonprofiteer
← SPECIAL OLYMPICS FLORIDA FOUNDATION INC

Form 990 for tax year 2022

Filed by SPECIAL OLYMPICS FLORIDA FOUNDATION INC.

Totals

Total revenue
-$554,275
Total expenses
$389,460
Contributions and grants received
$50,000
Grants paid
$300,000
Program service revenue
$0
Investment income
-$604,275
Other revenue
$0
Total assets, end of year
$8,004,162
Total liabilities, end of year
$307,819
Net assets or fund balances, end of year
$7,696,343
Program services expenses (Part IX)
$300,000
Management and general expenses
$0
Fundraising expenses
$89,460
Program service expenses (Part III)
$300,000

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 3 · Investment income

    total $95,436 · unrelated business $0 · excluded $95,436

  • 7a · Gross sales of assets other than inventory

    securities $9,276,967

  • 7b · Less cost or other basis and sales expenses

    securities $9,976,678

  • 7c · Gain or loss

    securities -$699,711

  • 7d · Net gain or loss

    total -$699,711 · related or exempt $0 · unrelated business $0 · excluded -$699,711

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 11a · Fees: management

    total $89,460 · program services $0 · management and general $0 · fundraising $89,460

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $30,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,976,679 · end of year $8,004,162

  • 18 · Grants payable

    beginning of year $984,956 · end of year $307,819

  • 27 · Net assets without donor restrictions

    beginning of year $8,991,723 · end of year $7,646,343

  • 28 · Net assets with donor restrictions

    end of year $50,000

Mission and programs · 2022

Mission

Supporting organization to Special Olympics Florida, Inc. To receive, hold, manage and invest funds to benefit Special Olympics Florida, Inc.

  • To receive, hold, manage,invest and distribute funds to benefit Special Olympics Florida, Inc.

    Expenses $300,000 · Grants $300,000

As filed on the 2022 return.

Listed in Part VII

  • Sherry Wheelock

    President

    Total calculated
    $288,387
    From this org
    $0
    From related orgs
    $247,755
    Other
    $40,632
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $247,755 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,812 related
    Nontaxable benefits
    $0 + $19,820 related
    Filer's total
    $0 + $288,387 related

  • Chris King

    Chairperson

    Total calculated
    $0
    Hours/week
    2

  • Dawn Giebler Milner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Payne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Fulop

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emery Gainey

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Special Olympics Florida Inc

    501 (c) (3) · Serve adults & children with intellectual disabilities · FL

    Directly controlled by Special Olympics Florida

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202321999349300907

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