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Nonprofiteer
← SOUTH FLORIDA SPORTS FOUNDATION INC

Form 990 for tax year 2023

Filed by SOUTH FLORIDA SPORTS FOUNDATION INC.

Totals

Total revenue
$2,385,677
Total expenses
$2,477,295
Contributions and grants received
$1,468,432
Grants paid
$1,281,417
Program service revenue
$0
Investment income
$328,968
Other revenue
$588,277
Total assets, end of year
$4,066,369
Total liabilities, end of year
$233,093
Net assets or fund balances, end of year
$3,833,276
Program services expenses (Part IX)
$1,833,851
Management and general expenses
$415,296
Fundraising expenses
$228,148
Program service expenses (Part III)
$1,833,851

Program services were 74.0% 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.

  • 1c · Fundraising events

    $263,913

  • 1d · Related organizations

    $900,000

  • 1f · All other contributions, gifts and grants

    $304,519

  • 3 · Investment income

    total $395,129 · excluded $395,129

  • 7a · Gross sales of assets other than inventory

    securities $743,237

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

    securities $809,398

  • 7c · Gain or loss

    securities -$66,161

  • 7d · Net gain or loss

    total -$66,161 · excluded -$66,161

  • 8a · Fundraising events: gross income

    $488,060

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

    $263,913

  • 8b · Fundraising events: direct expenses

    $740,333

  • 8c · Net income from fundraising events

    total -$252,273 · excluded -$252,273

  • 9a · Gaming: gross income

    $1,446,059

  • 9b · Gaming: direct expenses

    $643,725

  • 9c · Net income from gaming

    total $802,334 · unrelated business $1,446,059 · excluded -$643,725

  • 11a · Other revenue: LICENSE TAGS

    total $34,113 · excluded $34,113

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $4,103 · excluded $4,103

  • 11e · Other revenue, total

    $38,216

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,168,027 · program services $1,168,027

  • 2 · Grants to domestic individuals

    total $113,390 · program services $113,390

  • 7 · Other salaries and wages

    total $411,716 · program services $123,515 · management and general $82,343 · fundraising $205,858

  • 8 · Pension plan contributions

    total $14,476 · program services $4,343 · management and general $2,895 · fundraising $7,238

  • 9 · Other employee benefits

    total $30,104 · program services $9,031 · management and general $6,021 · fundraising $15,052

  • 11c · Fees: accounting

    total $24,176 · management and general $24,176

  • 11g · Fees: other

    total $92,649 · management and general $92,649

  • 13 · Office expenses

    total $16,010 · management and general $16,010

  • 24a · Other expenses: TAXES AND LICENSES

    total $191,202 · management and general $191,202

  • 24b · Other expenses: MEAL PROGRAM

    total $168,807 · program services $168,807

  • 24e · All other expenses

    total $246,738 · program services $246,738

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,782,899 · end of year $1,534,987

  • 2 · Savings and temporary cash investments

    beginning of year $54,890 · end of year $169,715

  • 11 · Investments: publicly traded securities

    beginning of year $2,190,873 · end of year $2,357,178

  • 15 · Other assets

    beginning of year $21,988 · end of year $4,489

  • 25 · Other liabilities

    beginning of year $125,756 · end of year $233,093

  • 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 $3,924,894 · end of year $3,833,276

Mission and programs · 2023

Mission

TO SUPPORT HEALTH, EDUCATION, AND VOLUNTEERISM IN SOUTH FLORIDA, AND TO IMPROVE THE LIVES OF PEOPLE AND COMMUNITIES IN NEED.

Activities or mission (Part I)

SEE SCHEDULE OTO SUPPORT HEALTH, EDUCATION, AND VOLUNTEERISM IN SOUTH FLORIDA, AND TO IMPROVE THE LIVES OF PEOPLE AND COMMUNITIES IN NEED.

  • 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.

    Expenses $1,833,851 · Grants $1,281,417

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN M ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TOM GARFINKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STUART MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • JEFFREY PECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • AL DOTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRISTOPHER CLEMENTS

    TREASURER / VP

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MYLES PISTORIUS

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MARC WEINROTH

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349322819

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