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Nonprofiteer
← FLORIDA SPORTS FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by FLORIDA SPORTS FOUNDATION INCORPORATED.

Totals

Total revenue
$7,326,103
Total expenses
$7,747,199
Contributions and grants received
$6,981,299
Grants paid
$3,766,594
Program service revenue
$261,319
Investment income
$83,485
Other revenue
$0
Total assets, end of year
$6,288,352
Total liabilities, end of year
$3,659,444
Net assets or fund balances, end of year
$2,628,908
Program services expenses (Part IX)
$6,792,839
Management and general expenses
$954,360
Fundraising expenses
$0
Program service expenses (Part III)
$6,792,839

Program services were 87.7% 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.

  • 1e · Government grants (contributions)

    $6,710,610

  • 1f · All other contributions, gifts and grants

    $270,689

  • 2a · Program service revenue: TRADE SHOW

    total $204,465 · related or exempt $204,465

  • 2b · Program service revenue: PGM DEVELOP & PROMO

    total $56,854 · related or exempt $56,854

  • 3 · Investment income

    total $83,385 · excluded $83,385

  • 7a · Gross sales of assets other than inventory

    other assets $100

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

    other assets $0

  • 7c · Gain or loss

    other assets $100

  • 7d · Net gain or loss

    total $100 · excluded $100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,766,594 · program services $3,766,594

  • 5 · Compensation of officers, directors and key employees

    total $113,200 · program services $113,200

  • 7 · Other salaries and wages

    total $699,176 · program services $699,176

  • 8 · Pension plan contributions

    total $84,024 · program services $84,024

  • 9 · Other employee benefits

    total $161,161 · program services $161,161

  • 10 · Payroll taxes

    total $76,377 · management and general $76,377

  • 11b · Fees: legal

    total $33,283 · management and general $33,283

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11g · Fees: other

    total $68,278 · management and general $68,278

  • 12 · Advertising and promotion

    total $92,537 · management and general $92,537

  • 13 · Office expenses

    total $38,703 · management and general $38,703

  • 14 · Information technology

    total $68,805 · management and general $68,805

  • 16 · Occupancy

    total $16,879 · management and general $16,879

  • 17 · Travel

    total $168,451 · program services $163,170 · management and general $5,281

  • 19 · Conferences, conventions and meetings

    total $169,681 · management and general $169,681

  • 20 · Interest

    total $47,154 · management and general $47,154

  • 22 · Depreciation, depletion and amortization

    total $296,253 · management and general $296,253

  • 23 · Insurance

    total $32,178 · management and general $32,178

  • 24a · Other expenses: SUNSHINE & FL SENIOR GA

    total $1,098,454 · program services $1,098,454

  • 24b · Other expenses: TAG RELATED

    total $707,060 · program services $707,060

  • 24c · Other expenses: MEMBERSHIP & DUES

    total $5,801 · management and general $5,801

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $493,526 · end of year $1,193,424

  • 2 · Savings and temporary cash investments

    beginning of year $3,961,375 · end of year $575,514

  • 4 · Accounts receivable

    beginning of year $2,422,677 · end of year $3,235,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,644 · end of year $9,256

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

    $366,723

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

    $106,977

  • 10c · Land, buildings and equipment, net

    beginning of year $303,587 · end of year $259,746

  • 15 · Other assets

    beginning of year $1,286,993 · end of year $1,014,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,201,653 · end of year $2,596,371

  • 19 · Deferred revenue

    beginning of year $96,982 · end of year $20,695

  • 25 · Other liabilities

    beginning of year $1,272,517 · end of year $1,042,378

  • 27 · Net assets without donor restrictions

    beginning of year $2,472,380 · end of year $2,628,908

  • 28 · Net assets with donor restrictions

    beginning of year $469,270 · end of year $0

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

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.

  • 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.

    Expenses $6,792,839 · Grants $3,766,594 · Revenue $261,319

As filed on the 2024 return.

Listed in Part VII

  • Angela Suggs

    CEO/PRESIDENT (THRU 10/21/24)

    Total calculated
    $207,711
    From this org
    $172,670
    From related orgs
    $0
    Other
    $35,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,670
    Bonus
    $0
    Other
    $0
    Deferred
    $18,994
    Nontaxable benefits
    $16,047
    Filer's total
    $207,711

  • Edward Price

    VP FINANCE & ADMIN

    Total calculated
    $115,500
    From this org
    $105,000
    From related orgs
    $0
    Other
    $10,500
    Hours/week
    40

  • Jacqueline Hightower

    VICE PRESIDENT OPERATIONS

    Total calculated
    $112,200
    From this org
    $102,000
    From related orgs
    $0
    Other
    $10,200
    Hours/week
    40

  • Maicel Green

    CEO/PRESIDENT (BEGAN 4/2025)

    Total calculated
    $39,663
    From this org
    $30,000
    From related orgs
    $0
    Other
    $9,663
    Hours/week
    40

  • Jesse Biter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Dyer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Feaster

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Flynn

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Gernert

    MEMBER (THRU 03/01/25)

    Total calculated
    $0
    Hours/week
    1

  • Daniel Malasky

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle McGann

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caroline O'Connor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marc Weinroth

    MEMBER

    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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202640699349301629

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