Special Olympics North Carolina Inc
- Assets
- $11.5m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Morrisville, NC
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 56-1149607
Organization Overview
Special Olympics North Carolina Inc is located in Morrisville, NC. 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 12/2022, Special Olympics North Carolina Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics North Carolina 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 12/2022, Special Olympics North Carolina Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS AIMS TO COMBINE HIGH QUALITY SPORTS WITH A WIDE AUDIENCE, AND BE A DRIVING FORCE FOR SOCIAL INCLUSION OF PEOPLE WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS NORTH CAROLINA, INC. (THE ORGANIZATION OR SONC) IS A NONPROFIT CORPORATION AUTHORIZED AND ACCREDITED BY SPECIAL OLYMPICS, INCORPORATED (SOI). THE ORGANIZATION WAS ESTABLISHED IN 1971 TO IMPROVE THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF CITIZENS WITH INTELLECTUAL DISABILITIES THROUGH SUCCESSFUL EXPERIENCES IN SPORTS TRAINING, HEALTH PROGRAMS AND COMPETITIONS. BASED ON INFORMATION COLLECTED FOR THE SPECIAL OLYMPICS 2022 GLOBAL ATHLETE CENSUS, SONC INVOLVED 39,906 ATHLETES, 10,938 UNIFIED PARTNERS (THOSE WITHOUT INTELLECTUAL DISABILITIES) THROUGHOUT NORTH CAROLINA IN 20 SPORTS WITH 405 EVENTS SUPPORTED BY 1,405 CERTIFIED COACHES. SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS RESULTED IN ACTIVITIES FOR 21,406 STUDENTS IN 588 SCHOOLS THROUGHOUT THE STATE. IN OUR WORK TO IMPROVE THE HEALTH OF SPECIAL OLYMPICS ATHLETES, 17,451 PARTICIPANTS WERE INVOLVED IN PARTNER UP POWER UP, A MULTI-WEEK HEALTH EDUCATION AND FITNESS PROGRAM DONE AT HOME OR IN THE CLASSROOM.
THE 2022 YEAR WAS ONE OF REENGAGEMENT FOR SPECIAL OLYMPICS NORTH CAROLINA IN TERMS OF THE IMPLEMENTATION OF THE SPECIAL OLYMPICS MISSION BECAUSE OF THE COVID-19 PANDEMIC THAT BEGAN IN NORTH CAROLINA IN MARCH 2020. A MIXTURE OF VIRTUAL AND AT-HOME ACTIVITIES OCCURRED AS WELL AS IN-PERSON SPORTS INVITATIONALS AND THE SONC FALL TOURNAMENT BEING CONDUCTED. IN ADDITION, SONC SENT A DELEGATION OF NEARLY 100 TO THE SPECIAL OLYMPICS USA GAMES IN ORLANDO, FL. SPECIAL PRECAUTIONS WERE TAKEN INTO ACCOUNT FOR THE HEALTH SAFETY OF ALL ATHLETES AND VOLUNTEERS.
IN A TYPICAL YEAR, SPECIAL OLYMPICS RELIES ON THE ENERGY, EXPERTISE, AND COMMITMENT OF OVER 43,000 VOLUNTEERS EACH YEAR TO CARRY OUT YEAR-ROUND SPORTS TRAINING, COMPETITION, AND HEALTH/WELLNESS OPPORTUNITIES FOR NEARLY 40,000 REGISTERED ATHLETES. SPECIAL OLYMPICS RECRUITS VOLUNTEERS OF ALL AGES, BACKGROUNDS, AND AVAILABILITY TO SERVE ROLES THAT INCLUDE EVENT PLANNING, ATHLETE OUTREACH, COORDINATION OF LOGISTICS, SPORT DEVELOPMENT TEAM MEMBERS, RECRUITMENT OF OTHER VOLUNTEERS, UNIFIED CHAMPION SCHOOLS, HEALTH INITIATIVES, AND MUCH MORE. VOLUNTEER COACHES ARE ESSENTIAL TO PROVIDING QUALITY EXPERIENCES FOR PARTICIPATING ATHLETES, AND THROUGH THE SPECIAL OLYMPICS NORTH CAROLINA COACHES' CERTIFICATION PROCESS THESE VOLUNTEERS ARE TRAINED TO MEET THE UNIQUE NEEDS OF PEOPLE WITH INTELLECTUAL DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Mclean Jr Vice Chair | OfficerTrustee | 1 | $0 |
Chiquana Dancy Chair | OfficerTrustee | 1 | $0 |
Allen Oliver Treasurer | OfficerTrustee | 1 | $0 |
James Bullard Board Member | Trustee | 1 | $0 |
Perry Flynn Board Member | Trustee | 1 | $0 |
Janet Presson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,552 |
| Membership dues | $0 |
| Fundraising events | $561,000 |
| Related organizations | $0 |
| Government grants | $17,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,745,500 |
| Noncash contributions included in lines 1a–1f | $131,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,342,208 |
| Total Program Service Revenue | $0 |
| Investment income | $202,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,204 |
| Net Income from Fundraising Events | $821,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,481,860 |
| 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. | $185,222 |
| Compensation of current officers, directors, key employees. | $18,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,564,954 |
| Pension plan accruals and contributions | $29,645 |
| Other employee benefits | $130,565 |
| Payroll taxes | $130,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,446 |
| Fees for services: Accounting | $60,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,924 |
| Fees for services: Other | $93,300 |
| Advertising and promotion | $75,026 |
| Office expenses | $493,144 |
| Information technology | $52,769 |
| Royalties | $0 |
| Occupancy | $419,027 |
| Travel | $181,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,698 |
| Interest | $660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,013 |
| Insurance | $90,761 |
| All other expenses | $31,028 |
| Total functional expenses | $5,125,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,341,555 |
| Savings and temporary cash investments | $128,658 |
| Pledges and grants receivable | $335,552 |
| Accounts receivable, net | $207,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,651 |
| Prepaid expenses and deferred charges | $65,181 |
| Net Land, buildings, and equipment | $97,412 |
| Investments—publicly traded securities | $5,759,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,562 |
| Total assets | $11,529,329 |
| Accounts payable and accrued expenses | $193,893 |
| 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 | $650,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $844,844 |
| Net assets without donor restrictions | $10,481,666 |
| Net assets with donor restrictions | $202,819 |
| 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 | $11,529,329 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Virginia Inc Richmond, VA | $16,696,692 | $6,408,163 |
Special Olympics North Carolina Inc Morrisville, NC | $11,529,329 | $6,481,860 |
Special Olympics South Carolina Lexington, SC | $8,405,390 | $5,239,398 |
Special Olympics Georgia Inc Norcross, GA | $27,790,072 | $6,279,672 |
Special Olympics Tennessee Inc Brentwood, TN | $6,923,537 | $3,478,416 |
Bridge Ii Sports Durham, NC | $824,170 | $941,661 |
Notus Sports Greenville, SC | $26,637 | $380,881 |
Nashville Dolphins Nashville, TN | $904,185 | $440,568 |
Soar Special Recreation Of The Lowcountry Inc Hilton Head Island, SC | $257,066 | $238,194 |
Mcminnville Special Games Mcminnville, TN | $0 | $0 |
Adaptive Expeditions Charleston, SC | $50,939 | $0 |
Recing Crew North Augusta, SC | $1,034,297 | $830,699 |
Special Populations Tennis Program Inc Roswell, GA | $205,553 | $0 |
Abilities Tennis Association Of North Carolina Raleigh, NC | $271,794 | $181,790 |