Florida Citrus Sports

Legal name: Florida Citrus Sports Ventures Inc

Nonprofit profile at a glance

EIN
854333226
IRS 990 coverage
2021–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-N 2020
Location
Orlando, FL, US
Phone
407.423.2476
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$26,213,931
Expenses
$23,355,547
Assets
$10,060,179
Liabilities
$6,347,822

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

44 people listed

Executive titles in this filing

  • SHARON LINE CLARY (PRESIDENT)
  • BRIAN COMES (PRESIDENT-ELECT)
  • WAYNE SHEFFIELD (VICE PRESIDENT)
  • JOE DOHER (VICE PRESIDENT)
  • DOUG GEHRET (VICE PRESIDENT)
  • JIM HUNTER (VICE PRESIDENT)

Highest reported compensation

  • STEVE HOGAN (CEO): $896,310 total reported compensation
  • CLARK SHANNON (CCO): $318,833 total reported compensation
  • MATTHEW REPCHAK (CMO): $294,315 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Florida Citrus Sports is a not-for-profit event management organization dedicated to positively impacting the Orlando region while enhancing the quality of life in Central Florida through world-class events.

What it reported doing in 2024

In cooperation with Florida citrus sports events, a related tax-exempt organization, Florida citrus sports ventures sponsors the support for the annual Florida cup/fc series international soccer tournament. This event hosts soccer clubs from all over the world to compete. The event provides national exposure to the central Florida community as well as the other host cities involved.Florida citrus sports ventures, inc hosted the 2025 nfl pro bowl in orlando. Hosting the event provides national exposure to the central Florida community and helps drive economic impact in the region. The contract to host the game concludes following the 2025 event.

Operating model

Revenue model
Other-operating. 86% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 68
  • Accountability: 86
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 97.6%; rating input score 98
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.9%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 44.1% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 48.8% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 90th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 87% of revenue deployed · 97.6% of spending went to programs
  • Governance: 34 of 34 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $22.8M in reported program spending
  • Leadership: top reported pay $896K · 44 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.