Special Olympics Oklahoma Inc
- Assets
- $6.1m
- Revenue
- $2.0m
- Investments
- $164.6k
- Employees
- 13
- Location
- Tulsa, OK
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7174120
Organization Overview
Special Olympics Oklahoma Inc is located in Tulsa, OK. The organization was established in 1972. According to its NTEE Classification (N72) the organization is classified as: Special Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Special Olympics Oklahoma Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Oklahoma Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Special Olympics Oklahoma Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS OKLAHOMA PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC TYPE SPORTS FOR CHILDREN AND ADULTS EIGHT YEARS OF AGE OR OLDER WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUOUS OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY. SPECIAL OLYMPICS WAS FOUNDED IN 1968 BY EUNICE KENNEDY SHRIVER. SPECIAL OLYMPICS OKLAHOMA WAS FOUNDED IN 1969 WITH 20 PARTICIPANTS. TODAY, SOOK OFFERS OVER 140 EVENTS ANNUALLY THROUGHOUT THE STATE TO OVER 11,600 REGISTERED ATHLETES IN 15 DIFFERENT SPORTS. EIGHT OF THE SPORTS OFFERED INCLUDE UNIFIED SPORTS OPPORTUNITIES (PARTNERING ATHLETES WITH AND WITHOUT INTELLECTUAL DISABILITIES ON THE SAME TEAM).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS OKLAHOMA OFFERS 15 OFFICIAL SPORTS INCLUDING TRADITIONAL AND UNIFIED SPORTS. THE SPECIAL OLYMPICS OKLAHOMA PROGRAM BENEFITS 12,100 ATHLETES, AND IS SUPPORTED BY OVER 3,000 VOLUNTEER COACHES AND THOUSANDS OF SPONSORS, DONORS, AND VOLUNTEERS CONDUCTING MORE THAN 175 EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Dewendt CEO | Officer | 40 | $129,466 |
Scott Moore Chairman | OfficerTrustee | 1 | $0 |
Mark Wilmoth Vice Chair | OfficerTrustee | 1 | $0 |
Stephen Bolden Treasurer | OfficerTrustee | 1 | $0 |
Jim Scott Programs | OfficerTrustee | 1 | $0 |
Jennifer Annis Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,961 |
| Related organizations | $0 |
| Government grants | $625,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,137,638 |
| Noncash contributions included in lines 1a–1f | $72,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,914,887 |
| Total Program Service Revenue | $12,821 |
| Investment income | $16,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,953,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,466 |
| Compensation of current officers, directors, key employees. | $12,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,431 |
| Pension plan accruals and contributions | $73,289 |
| Other employee benefits | $53,577 |
| Payroll taxes | $65,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,339 |
| Advertising and promotion | $16,542 |
| Office expenses | $9,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,954 |
| Insurance | $51,029 |
| All other expenses | $50,364 |
| Total functional expenses | $1,366,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,816 |
| Prepaid expenses and deferred charges | $17,502 |
| Net Land, buildings, and equipment | $342,109 |
| Investments—publicly traded securities | $4,557,730 |
| Investments—other securities | $164,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,086 |
| Total assets | $6,097,982 |
| Accounts payable and accrued expenses | $88,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,274 |
| Net assets without donor restrictions | $5,654,122 |
| Net assets with donor restrictions | $355,586 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,097,982 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Oklahoma Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Forbes Foundation Tulsa, OK PURPOSE: SUPPORT OF OKLAHOMA SPECIAL OLYMPICS GAMES | $200 |
Endowment Analysis
| Beg. Balance | $478,312 |
| Earnings | $76,537 |
| Ending Balance | $554,849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Texas Inc San Antonio, TX | $8,195,691 | $10,240,827 |
Special Olympics Colorado Centennial, CO | $5,477,737 | $6,040,325 |
Adaptive Sports Center Of Crested Butte Inc Crested Butte, CO | $19,319,284 | $4,998,660 |
Special Olympics Missouri Jefferson City, MO | $19,734,066 | $4,592,039 |
F R I E N D S Of Broomfield Broomfield, CO | $4,458,542 | $2,913,606 |
Special Olympics Kansas Inc Mission, KS | $2,839,852 | $2,155,644 |
Special Olympics New Mexico Inc Albuquerque, NM | $2,764,108 | $1,921,650 |
Special Olympics Oklahoma Inc Tulsa, OK | $6,097,982 | $1,953,667 |
Arkansas Special Olympics Inc Little Rock, AR | $3,761,039 | $1,128,239 |
The Mexico Senior Olympics Inc Roswell, NM | $395,621 | $942,107 |
Disabled Athlete Sports Association Saint Peters, MO | $1,368,797 | $778,512 |
Adaptive Sports Program New Mexico Inc Santa Fe, NM | $214,549 | $231,838 |