Ocoee Foundation INC FY2022 filing

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To establish, develop, own, maintain and operate hospitals, nursing homes, adult day care facilities, residential assisted living facilities, related health care facilities, and other residential facilities designed to meet the housing, health, personal needs and financial security needs of elderly, disabled, poor, and other special populations (the facilities). Through these facilities, the organization may also provide health care services. All facilities are owned and operated on a non-profit basis. As funds allow, and upon the approval of the board of directors, the organization will make contributions to other organizations exempt from income taxation under section 501(c)(3) of the internal revenue code.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$560K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.9M a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$560K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.9M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 8 voting members
Worth a look: 3 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65.9M
+14% vs prior year
Spent
$62.0M
To programs
93%
Net assets
$35.9M
By yearFY2020–FY2025
Revenue
$65.9M
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$57.0M
FY2021$57.6M
FY2022$65.9M
FY2023$77.8M
FY2024$90.0M
FY2025$98.3M
Expenses
$62.0M
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.2M
FY2021$51.8M
FY2022$62.0M
FY2023$73.0M
FY2024$86.8M
FY2025$95.4M
Net assets
$35.9M
FY2022▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.4M
FY2021$30.4M
FY2022$35.9M
FY2023$40.2M
FY2024$43.7M
FY2025$46.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $57.7M Management & general 7% · $4.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $560K paid to officers and key staff.

Part VII, Section A · reportable compensation
$257,231Pt VII · Sec A
$100,929Pt VII · Sec A
$63,690Pt VII · Sec A
$31,000Pt VII · Sec A
$29,463Pt VII · Sec A
$27,402Pt VII · Sec A
Director
$25,037Pt VII · Sec A
$24,890Pt VII · Sec A

John Sheehan JR’s $376K as President is at the 61st percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Sheehan JR$375,899$261,385$260,336$257,231$255,065$262,492
Lisa Veteto$164,568$170,958————
Billy Hunt$163,531—————
Trudy Erickson—$160,293————
Michael Ward$160,205—————
David Maxwell$157,295$148,992————
Josh Cannon—$150,498————
Brent Fair—$148,510————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ocoee Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates non-profit nursing homes, assisted living facilities, and healthcare centers to provide housing and medical care for elderly, disabled, and low-income individuals.

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1 program · $57.7M · in their own filed words · FY2022
01

Establish, develop, and operate nursing homes, residential assisted living facilities, related health care facilities, and other residential facilities to meet needs of the elderly, disabled, poor, and other special populations.

$57.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$250K
Grants paid · 17 grants · $1.1M · 2020–2025
Broad Street United Methodist ChurchFY2025$15,000
Broad Street Unity CenterFY2024$15,000
Broad Street Unity CenterFY2023$10,000
Cleveland State CommunityFY2022$125,000
Broad Street Unity CenterFY2022$10,000
Broad Street Unity CenterFY2021$10,000
Cleveland State CommunityFY2021$8,000
Cleveland Community FoundationFY2020$13,000
Broad Street Unity CenterFY2020$10,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2023 · $3.5M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$3.5M

The auditor reported no findings.

Year ending Dec 2022 · $1.7M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$1.7M

The auditor reported no findings.

Year ending Dec 2021 · $4.3M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$4.3M

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$65.9M
Ln 12
Fees for servicesLn 2g$61.8M
Gifts and grantsLn 1h$5.5M
Investment incomeLn 3$384K
Money outPt IX
$62.0M
Ln 25
Programscol B$57.7M
Managementcol C$4.3M
Owns and owesPt X
$35.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$61.8M
LiabilitiesLn 26$25.9M
PeoplePt VI, VII
8
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Government grantsLn 1e$5.0M
Noncash giftsLn 1g$458K
Fees for servicesLn 2g$61.8M
Investment incomeLn 3$384K
Gains on assetsLn 7−$2.1M
Total revenueLn 12$65.9M
Assets in detailPt X, end of year
CashLn 1$3.8M
Cash and savings togetherLn 1–2$3.8M
Land, buildings, equipmentLn 10c$46.0M
Other assetsLn 15$1.4M
Total assetsLn 16$61.8M
LiabilitiesLn 26$25.9M
Net assetsLn 32$35.9M
OperationsPt I, VI
EmployeesI 51,799
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$458K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.0M$3.8M
Land, buildings, equipmentLn 10c$42.4M$46.0M
Total assetsLn 16$56.1M$61.8M
LiabilitiesLn 26$25.7M$25.9M
Net assetsLn 32$30.4M$35.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$167K$167K
Pay of current officers, directors and key staffLn 5$560K$560K
Other salaries and wagesLn 7$26.2M$26.2M
Pension plan contributionsLn 8$51K$51K
Other employee benefitsLn 9$1.8M$1.8M$42K
Payroll taxesLn 10$2.0M$2.0M$26K
Management feesLn 11a$3.3M$3.3M
Legal feesLn 11b$98K$98K
Accounting feesLn 11c$575K$540K$34K
Other fees for servicesLn 11g$10.5M$10.4M$79K
Advertising and promotionLn 12$57K$57K
Office expensesLn 13$3.1M$3.1M$24K
Information technologyLn 14$725K$724K$617
OccupancyLn 16$2.1M$2.1M$37K
TravelLn 17$367K$298K$69K
Conferences, conventions and meetingsLn 19$82K$82K
InterestLn 20$215K$114K$101K
Depreciation, depletion and amortizationLn 22$2.1M$2.1M$29K
InsuranceLn 23$744K$742K$2K
Other expenses (24a–d)Ln 24$7.1M$7.1M$2K
All other expensesLn 24e$102K$101K$310
Total functional expensesLn 25$62.0M$57.7M$4.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 19, 2026 $98.3M$95.4M$2.9M$46.2M 990 PDF
FY2024Filed with the IRS Sep 30, 2025 $90.0M$86.8M$3.1M$43.7M 990 PDF
FY2023Filed with the IRS Sep 16, 2024 $77.8M$73.0M$4.8M$40.2M 990 PDF
FY2022 ViewingFiled with the IRS Apr 18, 2023 $65.9M$62.0M$3.9M$35.9M 990 PDF
FY2021Filed with the IRS Jul 15, 2022 $57.6M$51.8M$5.8M$30.4M 990 PDF
FY2020Filed with the IRS Nov 2, 2021 $57.0M$48.2M$8.9M$23.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $65,905,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,693,774$5,483,180
I-9 Program service revenuePrior year $53,764,755$61,772,591
I-10 Investment incomePrior year −$33,938−$1,719,996
I-11 Other revenuePrior year $185,667$370,146
I-12 Total revenuePrior year $57,610,258$65,905,921
I-13 Grants and similar amounts paidPrior year $32,700$167,150
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,627,387$30,617,917
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,134,297$31,178,889
I-18 Total expensesPrior year $51,794,384$61,963,956
I-19 Revenue less expensesPrior year $5,815,874$3,941,965
Part VI · Governance 3 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $65,905,921 across 9 lines filed
VIII-1e Government grants$5,024,867
VIII-1f All other contributions, gifts and grants$458,313
VIII-1g Noncash contributions (included above)$458,313
VIII-1h Total contributions, gifts and grants$5,483,180
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,772,591$61,772,591
VIII-3 Investment incomeExcluded from tax $383,783$383,783
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,103,779−$2,103,779
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $370,146$370,146
VIII-12 Total revenueRelated to mission $60,038,958 · Excluded from tax $383,783$65,905,921
Part IX · Statement of functional expenses $61,963,956 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $167,150$167,150
IX-5 Pay of current officers, directors and key staffManagement $559,642$559,642
IX-7 Other salaries and wagesPrograms $26,157,532$26,157,532
IX-8 Pension plan contributionsPrograms $50,541$50,541
IX-9 Other employee benefitsPrograms $1,771,909 · Management $42,128$1,814,037
IX-10 Payroll taxesPrograms $2,010,034 · Management $26,131$2,036,165
IX-11a Management feesManagement $3,306,050$3,306,050
IX-11b Legal feesPrograms $97,556$97,556
IX-11c Accounting feesPrograms $540,231 · Management $34,271$574,502
IX-11g Other fees for servicesPrograms $10,391,846 · Management $78,826$10,470,672
IX-12 Advertising and promotionPrograms $57,219$57,219
IX-13 Office expensesPrograms $3,108,250 · Management $24,009$3,132,259
IX-14 Information technologyPrograms $723,981 · Management $617$724,598
IX-16 OccupancyPrograms $2,054,747 · Management $37,189$2,091,936
IX-17 TravelPrograms $297,618 · Management $68,883$366,501
IX-19 Conferences, conventions and meetingsPrograms $81,586$81,586
IX-20 InterestPrograms $113,784 · Management $100,868$214,652
IX-22 Depreciation, depletion and amortizationPrograms $2,118,130 · Management $28,520$2,146,650
IX-23 InsurancePrograms $741,948 · Management $2,488$744,436
IX-24 Other expenses (24a–d)Programs $7,066,653 · Management $1,878$7,068,531
IX-24e All other expensesPrograms $101,431 · Management $310$101,741
IX-25 Total functional expensesPrograms $57,652,146 · Management $4,311,810 · Fundraising $0$61,963,956
Part X · Balance sheet $61,804,087 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,033,262$3,760,293
X-3 Pledges and grants receivable$1,376,000
X-4 Accounts receivableStart of year $5,637,570$5,689,385
X-9 Prepaid expenses and deferred chargesStart of year $176,642$197,515
X-10c Land, buildings and equipment, netStart of year $42,393,462$46,026,979
X-14 Intangible assetsStart of year $3,418,926$3,350,418
X-15 Other assetsStart of year $412,038$1,403,497
X-16 Total assetsStart of year $56,071,900$61,804,087
X-17 Accounts payable and accrued expensesStart of year $3,444,649$3,395,708
X-25 Other liabilitiesStart of year $904,764$231,216
X-26 Total liabilitiesStart of year $25,673,517$25,905,333
X-32 Total net assets or fund balancesStart of year $30,398,383$35,898,754
X-33 Total liabilities and net assetsStart of year $56,071,900$61,804,087
Part XI · Reconciliation of net assets $35,898,754 net assets at year end
XI-1 Total revenue$65,905,921
XI-2 Total expenses$61,963,956
XI-3 Revenue less expenses$3,941,965
XI-4 Net assets at start of year$30,398,383
XI-5 Net unrealized gains (losses) on investments$1,558,406
XI-10 Net assets at end of year$35,898,754

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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