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← SPECIALLY FIT FOUNDATION CORPORATION

Form 990 for tax year 2024

Filed by SPECIALLY FIT FOUNDATION CORPORATION.

Totals

Total revenue
$2,987,153
Total expenses
$2,720,557
Contributions and grants received
$64,491
Grants paid
$0
Program service revenue
$2,952,101
Investment income
-$27,354
Other revenue
-$2,085
Total assets, end of year
$2,115,056
Total liabilities, end of year
$764,739
Net assets or fund balances, end of year
$1,350,317
Program services expenses (Part IX)
$2,597,796
Management and general expenses
$122,019
Fundraising expenses
$742
Program service expenses (Part III)
$2,597,796

Program services were 95.5% 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.

  • 1c · Fundraising events

    $3,727

  • 1f · All other contributions, gifts and grants

    $60,764

  • 2a · Program service revenue: MEDICAID PAYMENTS

    total $2,137,711 · related or exempt $2,137,711

  • 2b · Program service revenue: TUITION INCOME

    total $594,808 · related or exempt $594,808

  • 2c · Program service revenue: HOME & COMP SERV ROOM & BOARD

    total $187,502 · related or exempt $187,502

  • 2d · Program service revenue: CDC PLUS APD

    total $12,000 · related or exempt $12,000

  • 2e · Program service revenue: SPORTS INCOME

    total $10,229 · related or exempt $10,229

  • 2f · All other program service revenue

    total $9,851 · related or exempt $9,851

  • 7a · Gross sales of assets other than inventory

    other assets $32,531

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

    other assets $59,885

  • 7c · Gain or loss

    other assets -$27,354

  • 7d · Net gain or loss

    total -$27,354 · related or exempt -$27,354

  • 8a · Fundraising events: contributions included on line 1c

    $3,727

  • 8b · Fundraising events: direct expenses

    $2,278

  • 8c · Net income from fundraising events

    total -$2,278

  • 11a · Other revenue: CASH BACK REWARDS

    total $193 · related or exempt $193

  • 11e · Other revenue, total

    $193

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · program services $60,000

  • 7 · Other salaries and wages

    total $1,023,302 · program services $1,023,302

  • 10 · Payroll taxes

    total $57,275 · program services $57,275

  • 11c · Fees: accounting

    total $5,228 · management and general $5,228

  • 11g · Fees: other

    total $244,558 · program services $229,364 · management and general $15,194

  • 12 · Advertising and promotion

    total $10,704 · management and general $10,704

  • 13 · Office expenses

    total $15,596 · program services $3,619 · management and general $11,977

  • 14 · Information technology

    total $17,201 · program services $10,238 · management and general $6,963

  • 16 · Occupancy

    total $769,183 · program services $769,183

  • 17 · Travel

    total $11,707 · program services $11,707

  • 19 · Conferences, conventions and meetings

    total $7,369 · management and general $7,369

  • 20 · Interest

    total $4,626 · management and general $4,626

  • 23 · Insurance

    total $67,630 · program services $22,856 · management and general $44,774

  • 24a · Other expenses: GROUP HOME PROGRAM EXP

    total $160,553 · program services $160,553

  • 24b · Other expenses: VEHICLE AND MAINTENANCE

    total $78,415 · program services $78,415

  • 24c · Other expenses: SFA SPORTS PROGRAM EXP

    total $69,702 · program services $69,702

  • 24d · Other expenses: SFA ACADEMY PROGRAM EXP

    total $51,084 · program services $51,084

  • 24e · All other expenses

    total $66,424 · program services $50,498 · management and general $15,184 · fundraising $742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $850,017 · end of year $1,072,691

  • 9 · Prepaid expenses and deferred charges

    end of year $3,718

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

    $1,036,938

  • 10c · Land, buildings and equipment, net

    beginning of year $1,089,823 · end of year $1,036,938

  • 15 · Other assets

    beginning of year $1,709 · end of year $1,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,520 · end of year $15,021

  • 23 · Secured mortgages and notes payable

    beginning of year $838,308 · end of year $735,000

  • 24 · Unsecured notes and loans payable

    end of year $14,718

  • 27 · Net assets without donor restrictions

    beginning of year $1,094,721 · end of year $1,350,317

Mission and programs · 2024

Mission

THE MISSION OF SPECIALLY FIT FOUNDATION IS TO INSPIRE LIFELONG LEARNING, TO PROVIDE SOCIALIZATION OPPORTUNITIES, AND TO AMPLIFY KNOWLEDGE OF HEALTH AND FITNESS TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES THROUGH FAITH, FITNESS, AND FAMILY. AT OUR ACADEMY, WE RECOGNIZE THAT EACH STUDENT HAS THEIR OWN UNIQUE DESTINY. IN AN EFFORT TO ASSIST THEM ALONG THE WAY, WE PROVIDE WAYS FOR THEM TO REACH THEIR FULL POTENTIAL BY HELPING THEM EXPLORE AND DISCOVER WHAT THEY WERE CREATED TO DO. WE HAVE MANY COMMUNITY PARTNERSHIPS THAT ARE BEING UTILIZED TO PROVIDE SERVICES, INCLUDING TAMPA GENERAL HOSPITAL, BAYCARE HEALTH HUB, OLIVE HEALTH, VALOR FITNESS, HILLSBOROUGH COUNTY PARKS & RECREATION AND PLANT CITY PARKS & RECREATION. MOTTO "FIND A WAY". WE PROVIDE SERVICES SUCH AS SPECIAL OLYMPICS TRAINING, WEEKLY WORKOUT CLASSES, HOUSING FOR INDIVIDUALS WITH DISABILITIES, JOB-SHADOWING OPPORTUNITIES, HEALTH CARE, JOB OPPORTUNITIES AND A FARM THAT GIVES ANIMAL THERAPY. WE HAVE THE LARGEST SPECIAL OLYMPICS

  • ONE OF OUR BIGGEST ACCOMPLISHMENTS IN 2024 WAS EXPANDING SPECIALLY FIT TO SERVE EVEN MORE INDIVIDUALS WITH DISABILITIES, PROVIDING GREATER ACCESS TO FITNESS, EDUCATION, AND COMMUNITY SUPPORT. THROUGH THIS EXPANSION, WE ENHANCED OUR GROUP HOME SERVICES, GREW OUR ADAPTIVE ATHLETIC PROGRAMS, AND STRENGTHENED OUR PRIVATE HIGH SCHOOLS IMPACTENSURING THAT MORE STUDENTS HAD THE OPPORTUNITY TO EARN AN ACCREDITED DIPLOMA WHILE PURSUING THEIR PASSIONS. SEEING THE LIVES WEVE CHANGED AND THE BARRIERS WEVE BROKEN HAS BEEN INCREDIBLY REWARDING, AND ITS JUST THE BEGINNING OF WHATS TO COME.

    Expenses $2,597,796 · Revenue $2,952,101

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark S Oliver Jr

    PRESIDENT

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    52

  • David Thomas

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Shanna Horace

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Leigh Weaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Matthew Truman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Matthew Lee McClellan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.0
Source object
202541289349303309

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