Special Olympics Vermont
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- South Burlington, VT
- Founding
- 06/1973
- Data as of
- 12/2023
- EIN
- 23-7231535
Organization Overview
Special Olympics Vermont is located in South Burlington, VT. The organization was established in 1973. 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 12/2023, Special Olympics Vermont employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Vermont 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 12/2023, Special Olympics Vermont generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $928.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS VERMONT (SOVT) IS PART OF A GLOBAL MOVEMENT THAT WORKS YEAR-ROUND TO FOSTER INCLUSION AND ACCEPTANCE OF PEOPLE WITH INTELLECTUAL DISABILITIES BY USING THE POWER OF SPORT TO SHOWCASE THEIR GIFTS AND ABILITIES. SOVT CONTRIBUTES TO THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL DEVELOPMENT OF PEOPLE WITH INTELLECTUAL DISABILITIES. THROUGH SUCCESSFUL EXPERIENCES IN SPORTS, SOVT ATHLETES GAIN CONFIDENCE AND BUILD POSITIVE SELF-IMAGES, WHICH FOLLOW THEM INTO THEIR HOMES, CLASSROOMS, JOBS, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS VERMONT (SOVT) IS PART OF A GLOBAL MOVEMENT THAT WORKS YEAR-ROUND TO FOSTER INCLUSION AND ACCEPTANCE OF PEOPLE WITH INTELLECTUAL DISABILITIES BY USING THE POWER OF SPORT TO SHOWCASE THEIR GIFTS AND ABILITIES. SOVT CONTRIBUTES TO THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL DEVELOPMENT OF PEOPLE WITH INTELLECTUAL DISABILITIES. THROUGH SUCCESSFUL EXPERIENCES IN SPORTS, SOVT ATHLETES GAIN CONFIDENCE AND BUILD POSITIVE SELF-IMAGES, WHICH FOLLOW THEM INTO THEIR HOMES, CLASSROOMS, JOBS, AND COMMUNITIES. SOVT COORDINATES THE ACTIVITIES OF OVER 1,000 VOLUNTEERS WORKING IN SCHOOLS AND COMMUNITIES THROUGHOUT VERMONT TO HELP RAISE FUNDS AND FULFILL ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Mccaffrey As Of July 2023 President & | Officer | 40 | $59,769 |
Melissa Shea Until June 30 2023 President & | Officer | 40 | $62,302 |
Jay Nunn Chair | OfficerTrustee | 2 | $0 |
Dakota Brizendine Vice Chair | OfficerTrustee | 2 | $0 |
Amy Wood Treasurer | OfficerTrustee | 2 | $0 |
Gary Sarachan Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $749,608 |
| Related organizations | $0 |
| Government grants | $11,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $489,941 |
| Noncash contributions included in lines 1a–1f | $13,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,828 |
| Total Program Service Revenue | $0 |
| Investment income | $32,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,203 |
| Net Income from Fundraising Events | -$103,509 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,188,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,642 |
| 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. | $129,427 |
| Compensation of current officers, directors, key employees. | $64,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,538 |
| Pension plan accruals and contributions | $11,851 |
| Other employee benefits | $46,330 |
| Payroll taxes | $37,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,300 |
| Fees for services: Accounting | $21,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,325 |
| Advertising and promotion | $5,326 |
| Office expenses | $11,504 |
| Information technology | $48,018 |
| Royalties | $0 |
| Occupancy | $64,965 |
| Travel | $42,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,990 |
| Interest | $0 |
| Payments to affiliates | $19,156 |
| Depreciation, depletion, and amortization | $8,118 |
| Insurance | $14,120 |
| All other expenses | $13,534 |
| Total functional expenses | $928,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,915,468 |
| Pledges and grants receivable | $94,390 |
| Accounts receivable, net | $102,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,954 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $217,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $356,208 |
| Total assets | $2,705,796 |
| Accounts payable and accrued expenses | $42,646 |
| Grants payable | $0 |
| Deferred revenue | $105,278 |
| 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 | $359,843 |
| Total liabilities | $507,767 |
| Net assets without donor restrictions | $1,709,995 |
| Net assets with donor restrictions | $488,034 |
| 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 | $2,705,796 |
Grants Awarded
Over the last fiscal year, Special Olympics Vermont has awarded $11,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRATTLEBORO UNION HIGH SCHOOL PURPOSE: SCHOOL FUNDING | $6,440 |
EDMUNDS MIDDLE SCHOOL PURPOSE: SCHOOL FUNDING | $5,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics New York Inc Albany, NY | $8,276,390 | $10,681,166 |
Special Olympics Massachusetts Inc Marlborough, MA | $18,196,669 | $5,614,307 |
Special Olympics New Hampshire Inc Concord, NH | $2,539,807 | $1,862,031 |
Special Olympics Vermont South Burlington, VT | $2,705,796 | $1,188,179 |
Boston Bruins Alumni Association Boston, MA | $191,588 | $209,826 |
American Amputee Soccer Association Stony Brook, NY | $132,166 | $0 |
Adaptive Sports New England Inc Boston, MA | $246,697 | $220,778 |
Kisoro Childrens Foundation Inc Cambridge, MA | $156,796 | $0 |
Aaron Zenus Foundation Hopedale, MA | $137,374 | $0 |
Be The Best Sport Inc Port Washington, NY | $26,770 | $0 |
Great Blizzards Of Massachusetts Plymouth, MA | $27,537 | $0 |
Wheelchair Sports Federation Inc Middle Village, NY | $45,864 | $0 |