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Nonprofiteer
← ORLANDO MAGIC YOUTH FOUNDATION INC

Form 990 for tax year 2024

Filed by ORLANDO MAGIC YOUTH FOUNDATION INC.

Totals

Total revenue
$3,031,017
Total expenses
$1,664,697
Contributions and grants received
$3,484,358
Grants paid
$1,245,000
Program service revenue
$0
Investment income
$0
Other revenue
-$453,341
Total assets, end of year
$2,856,460
Total liabilities, end of year
$190,142
Net assets or fund balances, end of year
$2,666,318
Program services expenses (Part IX)
$1,495,699
Management and general expenses
$135,408
Fundraising expenses
$33,590
Program service expenses (Part III)
$1,495,699

Program services were 89.8% 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

    $2,835,288

  • 1f · All other contributions, gifts and grants

    $649,070

  • 8a · Fundraising events: gross income

    $571,201

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

    $2,835,288

  • 8b · Fundraising events: direct expenses

    $1,145,956

  • 8c · Net income from fundraising events

    total -$574,755 · excluded -$574,755

  • 9a · Gaming: gross income

    $267,955

  • 9b · Gaming: direct expenses

    $146,541

  • 9c · Net income from gaming

    total $121,414 · unrelated business $121,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,245,000 · program services $1,245,000

  • 5 · Compensation of officers, directors and key employees

    total $151,960 · program services $106,372 · management and general $30,392 · fundraising $15,196

  • 7 · Other salaries and wages

    total $183,940 · program services $128,758 · management and general $36,788 · fundraising $18,394

  • 11c · Fees: accounting

    total $27,105 · management and general $27,105

  • 13 · Office expenses

    total $10,892 · management and general $10,892

  • 14 · Information technology

    total $15,304 · management and general $15,304

  • 17 · Travel

    total $7,088 · management and general $7,088

  • 24a · Other expenses: GRANT/AWARDS COSTS

    total $15,569 · program services $15,569

  • 24b · Other expenses: MEALS

    total $7,439 · management and general $7,439

  • 24c · Other expenses: TAXES & LICENSES

    total $400 · management and general $400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053,906 · end of year $2,648,960

  • 4 · Accounts receivable

    beginning of year $317,181 · end of year $175,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $32,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,089 · end of year $188,142

  • 19 · Deferred revenue

    beginning of year $0 · end of year $2,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,299,998 · end of year $2,666,318

Mission and programs · 2024

Mission

THE ORLANDO MAGIC YOUTH FOUNDATION IS COMMITTED TO HELPING EVERY CHILD IN CENTRAL FLORIDA REALIZE THEIR FULL POTENTIAL, ESPECIALLY THOSE MOST AT RISK, BY SUPPORTING PROGRAMS AND PARTNERSHIPS THAT EMPOWER FAMILIES AND CHANGE LIVES. ALL ACTIVITIES ARE FUNDRAISING ACTIVITIES.

Activities or mission (Part I)

THE ORLANDO MAGIC YOUTH FOUNDATION IS COMMITTED TO HELPING EVERY CHILD IN CENTRAL FLORIDA REALIZE THEIR FULL POTENTIAL, ESPECIALLY THOSE MOST AT RISK, BY SUPPORTING PROGRAMS AND PARTNERSHIPS THAT EMPOWER FAMILIES AND CHANGE LIVES. MOST SIGNIFICANT ACTIVITIES: FUNDRAISING, WINE FESTIVAL, GOLF TOURNAMENT AND AUCTION.

  • GRANTS MADE TO ORGANIZATIONS THAT ALIGN WITH OMYF'S MISSION.

    Expenses $1,495,699 · Grants $1,245,000 · Revenue $3,031,017

As filed on the 2024 return.

Listed in Part VII

  • MARIBETH BISIENERE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • DANIEL DEVOS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • MICHELLE DEVOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • WILLIAM DUPONT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • CHARLIE FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • JIM FRITZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • JOEL GLASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • CHRIS HELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LINDA LANDMAN GONZALEZ

    PRESIDENT, SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • DEREK LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ALEX MARTINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • BEENA PARIKH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • BELVIN PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • THOMAS RUGGIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • SHELLY WILKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELLA DEVOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LAURA CUTCHENS

    EXECUTIVE DIRECTOR

    Total calculated
    $151,960
    From this org
    $151,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,326
    Bonus
    $34,794
    Other
    $840
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,960

  • LARISSA SANDERS

    DEVELOPMENT DIRECTOR

    Total calculated
    $108,515
    From this org
    $108,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

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

The filer's explanations (Part III)

PART I, LINE 5
THE FOUNDATION PROVIDES INCENTIVE COMPENSATION PROGRAMS THAT ARE VARIABLE CASH COMPENSATION PROGRAMS TO PROVIDE EMPLOYEES EARNINGS OPPORTUNITIES IN ADDITION TO BASE PAY. THESE VARIABLE COMPENSATION COMPONENTS RECOGNIZE, AND REWARD BASED ON INDIVIDUAL AND ORGANIZATION PERFORMANCE. PAYMENT UNDER THESE PROGRAMS ARE REALIZED WHEN THE ORGANIZATION MEETS AND ACHIEVES ITS ANNUAL PERFORMANCE TARGETS FOR THE YEAR.
PART I, LINE 6
THE FOUNDATION PROVIDES INCENTIVE COMPENSATION PROGRAMS THAT ARE VARIABLE CASH COMPENSATION PROGRAMS TO PROVIDE EMPLOYEES EARNINGS OPPORTUNITIES IN ADDITION TO BASE PAY. THESE VARIABLE COMPENSATION COMPONENTS RECOGNIZE, AND REWARD BASED ON INDIVIDUAL AND ORGANIZATION PERFORMANCE. PAYMENT UNDER THESE PROGRAMS ARE REALIZED WHEN THE ORGANIZATION MEETS AND ACHIEVES ITS ANNUAL PERFORMANCE TARGETS FOR THE YEAR.
PART I, LINE 7
THE FOUNDATION PROVIDES INCENTIVE COMPENSATION PROGRAMS THAT ARE VARIABLE CASH COMPENSATION PROGRAMS TO PROVIDE EMPLOYEES EARNINGS OPPORTUNITIES IN ADDITION TO BASE PAY. THESE VARIABLE COMPENSATION COMPONENTS RECOGNIZE, AND REWARD BASED ON INDIVIDUAL AND ORGANIZATION PERFORMANCE. PAYMENT UNDER THESE PROGRAMS ARE REALIZED WHEN THE ORGANIZATION MEETS AND ACHIEVES ITS ANNUAL PERFORMANCE TARGETS FOR THE YEAR.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 March 2026
IRS schema version
2024v5.5
Source object
202611079349301006

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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