2025-11-17T10:14:50-06:00 2024-12-31 WITHUMSMITHBROWNPC 200 S ORANGE AVESTE 1200 ORLANDO FL 328013400 990 2024-01-01 453340920 SPECIAL OLYMPICS FLORIDA FOUNDATION INC % SHERRY WHEELOCK SPEC 3522439536 1915 Don Wickham Drive Clermont FL 34711 Sherry Wheelock President 3522439536 2025-11-17 true true ERIK A HALLUSKA CPA P01954172 4078491569 2024 2025-03-06 01:10:19Z Sherry Wheelock 1915 Don Wickham Drive Clermont FL 34711 727034 false X N/A X 2011 FL Supporting organization to Special Olympics Florida, Inc. To receive, hold, manage and invest funds to benefit Special Olympics Florida, Inc. 6 5 0 5 0 0 0 0 0 0 249798 279396 0 0 249798 279396 350000 699013 0 0 0 0 0 0 79754 87190 79754 437190 778767 -187392 -499371 8383738 8330963 333699 368078 8050039 7962885 X SUPPORTING ORGANIZATION TO SPECIAL OLYMPICS FLORIDA, INC. TO RECEIVE, HOLD, MANAGE AND INVEST FUNDS TO BENEFIT SPECIAL OLYMPICS FLORIDA, INC. false false 699013 699013 0 To receive, hold, manage, invest and distribute funds to benefit Special Olympics Florida, Inc. 699013 true false false false false false false false false true true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true false false X SHERRY WHEELOCK 3522439536 1915 DON WICKMAN DRIVE Clermont FL 34711 Sherry Wheelock President 2.0 40.0 X X 0 272701 46964 Emery Gainey BOARD CHAIR 1.0 3.0 X 0 0 0 BRAD SINGH DIRECTOR 1.0 0.0 X 0 0 0 YVONNE JOHNSON DIRECTOR 1.0 2.0 X 0 0 0 DAVID CATO DIRECTOR 1.0 2.0 X 0 0 0 GARY HOWZE DIRECTOR 1.0 2.0 X 0 0 0 0 272701 46964 0 false true false 0 0 0 243975 243975 0 0 0 0 0 483059 447638 35421 35421 0 35421 0 0 0 0 0 0 0 0 0 0 279396 0 279396 699013 699013 0 0 0 0 0 0 0 0 0 34379 34379 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK PROCESSING FEES 45375 0 45375 778767 699013 0 79754 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8383738 8330963 0 0 0 0 0 0 0 0 8383738 8330963 0 0 333699 368078 0 0 0 0 0 0 0 0 0 0 0 0 0 0 333699 368078 X 7995812 7902106 54227 60779 8050039 7962885 8383738 8330963 -499371 412217 X false true X true false X X 1 SPECIAL OLYMPICS FLORIDA INC 237181560 7 false 699013 0 1 699013 0 true false false false false false false false false false false false false false false true 54227 6783 231 60779 50000 4440 213 54227 50000 50000 1.00000 false true true 0 0 X Form 990, Part V, Line 4 The Organization's endowments consist of two donor-restricted endowments established for different purposes which are included in net assets with donor restrictions in the consolidated statement of financial position at December 31, 2024. The Organization's foundation endowment was established for the purpose of supporting year-round sports training, competitions, and health care for the Organization's athletes. The principal (or "corpus") on this endowment will not be spent, however, income earned on the investment will be used to fund operations of the Organization. In accordance with the endowment agreement, a 5% annual distribution will be made and continue annually. At December 31, 2024, the endowment account earned $6,552 in earnings net of expenses. The Organization's building maintenance endowment was established for the purpose of maintaining the Organization's operating facilities. The principal (or "corpus") on this endowment will not be spent; however, income earned on the investment will be used to fund operations of the Organization. Form 990, Part X, Line 2 SPECIAL OLYMPICS FLORIDA FOUNDATION, INC. IS A are not-for-profit organizations exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code. Accordingly, no provision for income taxes is reflected in the accompanying consolidated financial statements. Accounting principles generally accepted in the United States of America prescribe requirements for the recognition of income taxes in consolidated financial statements, and the amounts recognized are affected by income tax positions taken by the Organization in its tax returns. The Organization's status as an exempt Organization is defined as an income tax position under these requirements. While management believes it has complied with the Internal Revenue Code, the sustainability of some income tax positions taken by the Organization in its tax retuns may be uncertain. There are minimum thresholds of likelihood that uncertain tax positions are required to meet before being recognized in the consolidated financial statements. Management does not believe that the Organization has any material uncertain tax positions at December 31, 2024. In the event interest and penalties were due relating to an unsustainable tax position, they would be treated as a component of income tax expense. false Special Olympics Florida Inc 1915 Don Wickham Dr Clermont FL 34711 237181560 501(c)(3) 699013 Programs 1 0 false false false false false false false false false Sherry Wheelock President 0 210431 0 61000 0 1270 0 30500 0 16464 0 319665 0 0 Form 990, Part 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. Form 990, Part VI, Line 12c Policy is annually reviewed and signed by the Board of Director members of the Organization. Form 990, Part 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. FORM 990, PART VI, LINE 19 The Organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Special Olympics Florida Inc 1915 Don Wickman Dr Clermont FL 34711 237181560 Sport disabil FL 501(c)(3) 7 SOFL false false true false false false false false false false false false false false false false false false false true Special Olympics Florida Inc B & S 699013 Cash