Iowa Special Olympics Inc
- Assets
- $5.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Grimes, IA
- Founding
- 12/1977
- Data as of
- 12/2023
- EIN
- 51-0176029
Organization Overview
Iowa Special Olympics Inc is located in Grimes, IA. The organization was established in 1977. 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, Iowa Special Olympics Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Special Olympics 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 12/2023, Iowa Special Olympics Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
SPORTS TRAINING AND ATHLETIC COMPETITION FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAMES AND COMPETITION PROVIDES OLYMPIC STYLE TRAINING AND COMPETITION IN TWENTY-THREE DIFFERENT SPORTS THROUGHT THE YEAR FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
YOUNG ATHLETES PLAY DAYS ARE AN INTRODUCTION TO SPECIAL OLYMPICS. CHILDREN PARTICIPATE IN ELEVEN DIFFERENT ACTIVITIES, REPRESENTING ELEVEN DIFFERENT SPORTS OFFERED BY SPECIAL OLYMPICS. THE PROGRAM HELPS INCREASE THE YOUNG CHILDREN'S STRENGTH AND COORDINATION FOR SPORTS WHILE INTRODUCING THEM TO GROUP PLAY, COOPERATION, AND AWARENESS OF RULES.MOTOR ACTIVITY TRAINING INTRODUCE TEAM SPORTS ADAPTED FOR THE SEVERE AND PROFOUND AS WELL AS THOSE WHO ARE UNABLE TO PARTICIPATE IN THE TRADITIONAL SPECIAL OLYMPICS PROGRAMS. ACTIVITIES, SUCH AS BOCCE, RAMP BOWLING, BALLOON VOLLEYBALL, TEAM BASKETBALL, BASKETBALL SHOOT, BATTING, BALL DARTS, GOLF, SHOT PUT, RACE WALK, AND WALL PASS ARE MODIFIED TO ALLOW YOUTH AND ADULTS TO PARTICIPATE IN A TEAM OR AS AN INDIVIDUAL. VOLUNTEERS AND SWITCH ACTIVATED EQUIPMENT ARE ON SITE TO ASSIST THE ATHLETES AS THEY PARTICIPATE IN EACH EVENT.ATHLETE LEADERSHIP PROVIDES AN EDUCATION PROGRAM TO TRAIN INDIVIDUALS WITH INTELLECTUAL DISABILITIES IN LITERACY, LEADERSHIP, AND SPEAKING SKILLS.
UNIFIED CHAMPION SCHOOLS BRINGS TOGETHER ATHLETES WITH AND WITHOUT INTELLECTUAL DISABILITIES THROUGH EDUCATION, SPORTS, AND YOUTH LEADERSHIP TO PROVIDE THEM WITH THE KNOWLEDGE, ATTITUDES AND SKILLS NECESSARY TO CREATE AND SUSTAIN SCHOOL COMMUNITIES THAT PROMOTE ACCEPTANCE AND RESPECT.
HEALTHY ATHLETES IS A PROGRAM DESIGNED TO HELP SPECIAL OLYMPICS ATHLETES IMPROVE THEIR HEALTH AND FITNESS. THIS CAN LEAD TO A BETTER SPORTS EXPERIENCE AND IMPROVED WELL-BEING. ATHLETES RECEIVE A VARIETY OF HEALTH SERVICES THROUGH CLINICS CONDUCTED IN WELCOMING ENVIRONMENTS AT SPECIAL OLYMPICS COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Cunningham Chair | OfficerTrustee | 0.5 | $0 |
Mary Buscher Secretary | OfficerTrustee | 0.5 | $0 |
Jack Ohle Treasurer | OfficerTrustee | 0.5 | $0 |
Jason Follett Vice Chair | OfficerTrustee | 0.5 | $0 |
Michael Baca Director | Trustee | 0.5 | $0 |
Matt Decklever Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $599,580 |
| Related organizations | $0 |
| Government grants | $743,216 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,467,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,810,002 |
| Total Program Service Revenue | $104,854 |
| Investment income | $86,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,337 |
| Net Income from Fundraising Events | -$85,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,952,325 |
| 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. | $166,373 |
| Compensation of current officers, directors, key employees. | $26,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,528 |
| Pension plan accruals and contributions | $30,011 |
| Other employee benefits | $90,278 |
| Payroll taxes | $78,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,782 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,692 |
| Office expenses | $70,452 |
| Information technology | $36,961 |
| Royalties | $0 |
| Occupancy | $79,067 |
| Travel | $41,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,359 |
| Interest | $0 |
| Payments to affiliates | $46,237 |
| Depreciation, depletion, and amortization | $133,331 |
| Insurance | $48,084 |
| All other expenses | $151,944 |
| Total functional expenses | $3,354,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,034 |
| Savings and temporary cash investments | $1,887,407 |
| Pledges and grants receivable | $125,574 |
| Accounts receivable, net | $0 |
| 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 | $15,487 |
| Net Land, buildings, and equipment | $1,615,258 |
| Investments—publicly traded securities | $1,046,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,602 |
| Total assets | $5,004,217 |
| Accounts payable and accrued expenses | $169,704 |
| 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 | $169,704 |
| Net assets without donor restrictions | $4,553,337 |
| Net assets with donor restrictions | $281,176 |
| 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 | $5,004,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Illinois Normal, IL | $15,446,457 | $16,417,969 |
Special Olympics Minnesota Inc Minneapolis, MN | $13,442,317 | $10,481,322 |
Special Olympics Wisconsin Inc Madison, WI | $9,609,383 | $4,993,290 |
Special Olympics Missouri Jefferson City, MO | $21,781,439 | $6,674,597 |
Iowa Special Olympics Inc Grimes, IA | $5,004,217 | $2,952,325 |
Special Olympics Nebraska Inc Omaha, NE | $5,203,901 | $3,096,644 |
Special Olympics South Dakota Inc Sioux Falls, SD | $5,489,274 | $1,455,008 |
2026 Special Olympics Usa Games St Paul, MN | $2,554,542 | $2,727,899 |
Disabled Athlete Sports Association Saint Peters, MO | $1,308,890 | $924,864 |
Dare2tri Paratriathlon Club Chicago, IL | $1,105,416 | $950,691 |
Roll With It Saint Cloud, MN | $49,681 | $0 |