Civic Intelligence

Special Olympics Florida Foundation Inc.

990 • Fiscal year 2017 • EIN 45-3340920

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 03, 2018

Organization ProfileN/A
1915 Don Wickham DriveClermont, FL 34711

(352) 243-9536

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.80x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

47th percentile

2.1%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

77th percentile

$204,564

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 54.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$9,589,259

Up $1,052,681 (+12%) from 2016

Net Assets

Up

$9,289,259

Up $752,681 (+8.8%) from 2016

Liabilities

Up

$300,000

Up $300,000 from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin47th percentile

Revenue

Up

$376,193

Up $192,888 (+105%) from 2016

Expenses

Up

$368,180

Up $304,808 (+481%) from 2016

Net Income

Down

$8,013

Down $111,920 (-93%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $2,500Net Assets 2011: $2,5002011Assets 2012: $1,059,590Liabilities 2012: $0Net Assets 2012: $1,059,5902012Assets 2013: $1,105,313Liabilities 2013: $0Net Assets 2013: $1,105,3132013Assets 2014: $8,609,434Liabilities 2014: $1,100Net Assets 2014: $8,608,3342014Assets 2015: $8,448,497Liabilities 2015: $3,874Net Assets 2015: $8,444,6232015Assets 2016: $8,536,578Liabilities 2016: $0Net Assets 2016: $8,536,5782016Assets 2017: $9,589,259Liabilities 2017: $300,000Net Assets 2017: $9,289,2592017Assets 2018: $8,398,721Liabilities 2018: $36,148Net Assets 2018: $8,362,5732018Assets 2019: $8,882,196Liabilities 2019: $44,174Net Assets 2019: $8,838,0222019Assets 2020: $9,128,278Liabilities 2020: $144,680Net Assets 2020: $8,983,5982020Assets 2021: $9,976,679Liabilities 2021: $984,956Net Assets 2021: $8,991,7232021Assets 2022: $8,004,162Liabilities 2022: $307,819Net Assets 2022: $7,696,3432022Assets 2023: $8,383,738Liabilities 2023: $333,699Net Assets 2023: $8,050,0392023Assets 2024: $8,330,963Liabilities 2024: $368,078Net Assets 2024: $7,962,8852024

Highlighted filing

2017

Assets$9,589,259
Liabilities$300,000
Net Assets$9,289,259
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $2,5002011Expenses 2012: $7,6362012Revenue 2013: $41,859Expenses 2013: $8,093Net Income 2013: $33,7662013Revenue 2014: $20,670Expenses 2014: $9,329Net Income 2014: $11,3412014Revenue 2015: $382,688Expenses 2015: $67,612Net Income 2015: $315,0762015Revenue 2016: $183,305Expenses 2016: $63,372Net Income 2016: $119,9332016Revenue 2017: $376,193Expenses 2017: $368,180Net Income 2017: $8,0132017Revenue 2018: $231,794Expenses 2018: $346,150Net Income 2018: -$114,3562018Revenue 2019: $242,864Expenses 2019: $750,144Net Income 2019: -$507,2802019Revenue 2020: $161,967Expenses 2020: $464,256Net Income 2020: -$302,2892020Revenue 2021: $223,527Expenses 2021: $840,276Net Income 2021: -$616,7492021Revenue 2022: -$554,275Expenses 2022: $389,460Net Income 2022: -$943,7352022Revenue 2023: $249,798Expenses 2023: $437,190Net Income 2023: -$187,3922023Revenue 2024: $279,396Expenses 2024: $778,767Net Income 2024: -$499,3712024

Highlighted filing

2017

Revenue$376,193
Expenses$368,180
Net Income$8,013
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 3, 2018
Return Version
2017v2.2
Gross Receipts
$376,193
Mission and Program Overview

Mission

Supporting organization to Special

Supporting organization to special olympics florida, inc. To receive, hold, manage and invest funds to benefit special olympics florida, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,535,578$9,588,259▲ $1,052,681
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Total Assets$8,536,578$9,589,259▲ $1,052,681
Liabilities
Grants Payable-$300,000-
Total Liabilities$0$300,000▲ $300,000
Net Assets / Fund Balance
Unrestricted Net Assets$8,536,578$9,289,259▲ $752,681
Total Net Assets Fund Balance$8,536,578$9,289,259▲ $752,681
Total Liabilities and Net Assets / Fund Balance$8,536,578$9,589,259▲ $1,052,681
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
Sherry WheelockPresident/CEO$204,564$204,564

Board Members and Trustees

NameTitle
Chris KingChair
Dawn Giebler MilnerDirector
George ForteDirector
Ron FulopDirector
Sherry Wheelock-
Mike PetramaloSecretary
Joe DzalukTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$376,193
Other Revenue
$0
Change in Net Assets
$8,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,193
Revenue Not Reported on Form 990
$744,668
Total Revenue per Audited Statements
$1,120,861
Total Revenue per Form 990
$376,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$68,180
Total Fundraising Expense$68,180
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Fees for Service Investment Mgmnt Fees$0$0$68,180$68,180
Total Functional Expenses$300,000$0$68,180$368,180

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$368,180
Total Expenses per Audited Statements$368,180
Total Expenses per Form 990$368,180
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Special Olympics Florida IncClermont, FL501(c)3Programs$300,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Special Olympics Florida Foundation Inc
EIN
45-3340920
Phone
3522439536
Address
1915 Don Wickham Drive, Clermont, FL 34711

Signing Officer

Name
Sherry Wheelock
Title
President
Phone
3522439536
Signed
2018-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherry Wheelock
Formed
2011
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Reeder & Associates PA
Address
3339 W Bearss Avenue, Tampa, FL 33618
Preparer
Rick Reeder CPA
Phone
8139085310
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“All financial information required on the form 990 is accumulated by management. The draft of the form 990 is distributed to the board members to review.”

Pt VI, Line 12C

“Policy is anually reviewed and signed by the Board of Director members of the Organization.”

Pt VI, Line 15A

“An annual compensation survey is compiled using NFP compensation information obtained from the local business and recruiting firms is compared; no salaried officers at this time but the CEO of related Organization is board member.”

Financial Statement Notes

Pt X, Line 2

“The organization believes that their income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on the organization's financial condition, change in net assets or cash flows. Accordingly, the organization has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at december 31, 2017.the organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes they are no longer subject to income tax examinations for fiscal years ending prior to december 31, 2014.the organization's policies are to classify income tax related interest and penalties in interest expense and other expenses, respectively.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All financial information required on the form 990 is accumulated by management. The draft of the form 990 is distributed to the board members to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Policy is anually reviewed and signed by the Board of Director members of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An annual compensation survey is compiled using NFP compensation information obtained from the local business and recruiting firms is compared; no salaried officers at this time but the CEO of related Organization is board member.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Special Olympics florida
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Special Olympics Florida Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237181560
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (c) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01915 Don Wickman Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Clermont
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd034711
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0300000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Special Olympics Florida Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0s
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08536578
IRS990/TotalAssetsEOYAmt09589259
IRS990/TotalAssetsGrp/BOYAmt08536578
IRS990/TotalAssetsGrp/EOYAmt09589259
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt068180
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0368180
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0300000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0300000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08536578
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09289259
IRS990/TotalOtherCompensationAmt026750
IRS990/TotalProgramServiceExpensesAmt0300000
IRS990/TotalRevenueGrp/ExclusionAmt0376193
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0376193
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08536578
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09589259
IRS990/TotReportableCompRltdOrgAmt0177814
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08536578
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09289259
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01915 Don Wickman Drive
IRS990/USAddress/CityNm0Clermont
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034711
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERRY WHEELOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03522439536
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Special Olympics Florida Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPEC
ReturnHeader/Filer/EIN0453340920
ReturnHeader/Filer/PhoneNum03522439536
ReturnHeader/Filer/USAddress/AddressLine1Txt01915 Don Wickham Drive
ReturnHeader/Filer/USAddress/CityNm0Clermont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034711
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DF4DDB8B82625C53E1378E51AE397AFFA64BB467
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DF4DDB8B82625C53E1378E51AE397AFFA64BB467
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.196.153.14
ReturnHeader/FilingSecurityInformation/IPDt02018-08-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:13:38
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Reeder & Associates PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03339 W Bearss Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08139085310
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICK REEDER CPA
ReturnHeader/ReturnTs02018-08-22T15:14:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,589,259
Liabilities
$300,000
Net assets
$9,289,259
Revenue
$376,193
Expenses
$368,180
Net income
$8,013
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.33$0.37$7.96$0.28$0.78$0.50
2023Detailed filing. Detailed filing data is available for this year.$8.38$0.33$8.05$0.25$0.44$0.19
2022Detailed filing. Detailed filing data is available for this year.$8.00$0.31$7.70$0.55$0.39$0.94
2021Detailed filing. Detailed filing data is available for this year.$9.98$0.98$8.99$0.22$0.84$0.62
2020Detailed filing. Detailed filing data is available for this year.$9.13$0.14$8.98$0.16$0.46$0.30
2019Detailed filing. Detailed filing data is available for this year.$8.88$0.04$8.84$0.24$0.75$0.51
2018Detailed filing. Detailed filing data is available for this year.$8.40$0.04$8.36$0.23$0.35$0.11
2017Detailed filing. Detailed filing data is available for this year.$9.59$0.30$9.29$0.38$0.37$0.01
2016Detailed filing. Detailed filing data is available for this year.$8.54$0.00$8.54$0.18$0.06$0.12
2015Detailed filing. Detailed filing data is available for this year.$8.45$0.00$8.44$0.38$0.07$0.32
2014Summary only. Only limited summary data is available for this year.$8.61$0.00$8.61$0.02$0.01$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.04$0.01$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00