Special Olympics West Virginia Inc
- Assets
- $1.8m
- Revenue
- $900.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Hurricane, WV
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 55-0596975
Organization Overview
Special Olympics West Virginia Inc is located in Hurricane, WV. The organization was established in 1980. 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 West Virginia Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics West Virginia 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 West Virginia Inc generated $900.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $509.0k during the year ending 12/2021. 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
TO PROVIDE AND PROMOTE PHYSICAL FITNESS, SPORTS TRAINING, AND ATHLETIC COMPETITION FOR MENTALLY CHALLENGED CITIZENS IN WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-STYLE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES (MANY OF WHOM ALSO HAVE PHYSICAL DISABILITIES) GIVING THEM THE ABILITY TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE AND EXPERIENCE JOY. THE ORGANIZATION PROVIDES FIVE (5) STATE GAMES AND NEARLY 60 LOCAL COMPETITIONS INVOLVING 19 SPORTS WHICH BENEFITS APPROXIMATELY 4,000 SPECIAL OLYMPICS WEST VIRGINIA ATHELETES IN 33 COUNTIES. THE ORGANIZATION PROGRAMMING IS SUPPORTED BY A NETWORK OF MORE THAN 3,400 COMMUNITY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Corbett Ceo/ Director | Officer | 40 | $77,188 |
Aaron Gizzi Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Clark Vice Chair | OfficerTrustee | 2 | $0 |
Ann Richards Chairman | OfficerTrustee | 2 | $0 |
Michael Black Board Member | Trustee | 1 | $0 |
Praveen Srinivasan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $643,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,504 |
| Total Program Service Revenue | $95,594 |
| Investment income | $12,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $88,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,862 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,955 |
| Payroll taxes | $12,221 |
| 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 | $28,000 |
| Advertising and promotion | $0 |
| Office expenses | $42,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,890 |
| Travel | $7,453 |
| 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 | $1,619 |
| Insurance | $20,980 |
| All other expenses | $23,951 |
| Total functional expenses | $509,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,834 |
| Savings and temporary cash investments | $756,848 |
| Pledges and grants receivable | $460 |
| 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 | $2,795 |
| Net Land, buildings, and equipment | $3,346 |
| Investments—publicly traded securities | $61,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $470,851 |
| Total assets | $1,774,385 |
| Accounts payable and accrued expenses | $9,612 |
| Grants payable | $0 |
| Deferred revenue | $16,956 |
| 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 | $84,820 |
| Total liabilities | $111,388 |
| Net assets without donor restrictions | $1,662,997 |
| Net assets with donor restrictions | $0 |
| 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 | $1,774,385 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Special Olympics West Virginia Inc has recieved totaling $1,254,337.
| Awarding Organization | Amount |
|---|---|
Special Olympics Inc Washington, DC PURPOSE: PROGRAM ASSISTANCE | $1,056,807 |
Special Olympics Inc Washington, DC PURPOSE: PROGRAM ASSISTANCE | $189,510 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,210 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $590 |
Difference One Step At A Time Corp Columbia, MO PURPOSE: TOWARDS OUR CAUSE. AN ADAPTIVE PROGRAM OUR ORGANIZATION FUNDRAISED FOR. | $220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Pennsylvania Inc Norristown, PA | $10,787,138 | $6,873,918 |
Special Olympics Maryland Inc Baltimore, MD | $8,323,539 | $6,213,114 |
Special Olympics Virginia Inc Richmond, VA | $13,473,653 | $5,499,279 |
Special Olympics Ohio Inc Columbus, OH | $10,315,553 | $4,556,418 |
Special Olympics Kentucky Inc Frankfort, KY | $5,775,822 | $3,582,891 |
Adaptive Sports Program Of Ohio Wooster, OH | $418,103 | $705,586 |
Special Olympics West Virginia Inc Hurricane, WV | $1,774,385 | $900,862 |
Miracle League Of Northampton County Palmer, PA | $777,556 | $94,413 |
Baltimore Area Special Hockey Inc Parkville, MD | $436,232 | $0 |
Maryland Senior Olympics Commission Ltd Wheaton, MD | $134,320 | $0 |
Miracle League Of Harford County Forest Hill, MD | $759,957 | $81,564 |
Friends To Friends Export, PA | $5,092 | $0 |