Overview
What is Special Olympics Florida Foundation Inc?
Special Olympics Florida Foundation Inc, located at 1915 Don Wickham Drive, Clermont, Florida 34711, serves as a supporting organization for Special Olympics Florida, Inc. Its primary purpose is to manage, invest, and distribute funds to benefit the main organization. This nonprofit's role is essential in aiding Special Olympics Florida, Inc., contributing to its overall mission and operations. By receiving, holding, and strategically investing funds, the Foundation plays a crucial role in supporting the programs and initiatives that enhance the lives of individuals with intellectual disabilities through sports and athletic opportunities offered by Special Olympics Florida, Inc.
Is Special Olympics Florida Foundation Inc legitimate?
Special Olympics Florida Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Olympics Florida Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Special Olympics Florida Foundation Inc?
The Special Olympics Florida Foundation Inc serves as a supporting organization for Special Olympics Florida, Inc. Its primary mission is to collect, manage, and invest funds with the aim of benefiting the main organization. The foundation's activities are geared towards providing financial support to Special Olympics Florida, Inc. Its objective is to utilize the collected funds to contribute positively to the overall operations and objectives of Special Olympics Florida, Inc. The foundation does not directly engage in sports activities or provide direct services, but its role is crucial in providing the necessary financial support for the main organization to fulfill its mission of empowering individuals with intellectual disabilities through sports.
Who is the CEO of Special Olympics Florida Foundation Inc?
Sherry Wheelock is the President of Special Olympics Florida Foundation Inc.
What is the revenue of Special Olympics Florida Foundation Inc?
Special Olympics Florida Foundation Inc's revenue in 2022 was -$554,275.
Who are the executives of Special Olympics Florida Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $247,755
- Other: $40,632
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- Other: $0
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Where can I find the form 990 for Special Olympics Florida Foundation Inc?
Special Olympics Florida Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Special Olympics Florida Foundation Inc
Special Olympics Florida Foundation Inc serves as a supporting organization for Special Olympics Florida, Inc. Its primary mission is to receive, manage, and invest funds to benefit the main organization. The foundation's role is to ensure that Special Olympics Florida, Inc. has the necessary financial resources to fulfill its mission of providing sports training and athletic competition opportunities for individuals with intellectual disabilities. By managing and investing funds effectively, the foundation aims to enhance the overall impact and reach of Special Olympics Florida, Inc. in promoting inclusion, equality, and empowerment among its participants.
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Impact
October, 2024
Special Olympics Florida Foundation Inc plays a crucial role in enhancing the lives of individuals with intellectual disabilities through athletic competition and recreational opportunities. By managing and investing funds specifically to benefit Special Olympics Florida, the foundation ensures that athletes have access to quality training, events, and resources that empower them to achieve their personal bests.
The foundation's financial support enables a wide range of programs that foster inclusion, friendship, and self-confidence among athletes, which are essential components of a healthy and active lifestyle. Through its commitment to providing opportunities for participation in sports, the foundation not only enhances athletic skills but also promotes social interaction, teamwork, and community engagement.
In Clermont, Florida, and beyond, the foundation's impact is felt as it helps create a vibrant environment where individuals with intellectual disabilities can thrive, showcasing their abilities and challenging societal perceptions. The ongoing efforts to secure and allocate funds significantly contribute to the overall mission of creating a more inclusive society through the power of sports and recreation.
This information is meant to be a general summary of Special Olympics Florida Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$604,275
- Gross Receipts: $9,422,403
Assets and Liabilities:
- Total Assets: $8,004,162
- Total Liabilities: $307,819
- Net Assets: $7,696,343
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Organization Details
Founding Year
2011
Phone
(352) 243-9536Principal Officer
Sherry Wheelock
Main Address
1915 Don Wickham Drive, Clermont, FL, 34711
NTEE Category
Code: N112 - Recreation
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