Special Olympics Kentucky Inc
- Assets
- $7.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Frankfort, KY
- Founding
- 07/1980
- Data as of
- 12/2022
- EIN
- 61-0954571
Organization Overview
Special Olympics Kentucky Inc is located in Frankfort, KY. 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 12/2022, Special Olympics Kentucky Inc employed 28 individuals. This organization is the central organization for a national or regional group of organizations. Special Olympics Kentucky 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 Kentucky Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN & ADULTS WITH INTELLECTUAL DISABILITIES BY GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS/DEMONSTRATE COURAGE/ EXPERIENCE JOY & PARTICIPATE IN A SHARING OF GIFTS/SKILLS/FRIENDSHIP WITH THEIR FAMILIES/OTHER SPECIAL OLYMPICS ATHLETES & THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN & ADULTS WITH INTELLECTUAL DISABILITIES BY GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS/DEMONSTRATE COURAGE/EXPERIENCE JOY & PARTICIPATE IN A SHARING OF GIFTS/SKILLS & FRIENDSHIP WITH THEIR FAMILIES/OTHER SPECIAL OLYMPICS ATHLETES & THE COMMUNITY.
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 |
|---|---|---|---|
Sott Maloy Board Member | Trustee | 2 | $0 |
Kevin Rgenhold Board Member | Trustee | 2 | $0 |
Byron Largen Finance Chair | OfficerTrustee | 2 | $0 |
Joe Doren Develop Chair | OfficerTrustee | 2 | $0 |
Alicia Johnson Board Chair | OfficerTrustee | 2 | $0 |
Dr Priya Chandan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,832,820 |
| Noncash contributions included in lines 1a–1f | $20,197 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,832,820 |
| Total Program Service Revenue | $1,052,613 |
| Investment income | $78,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,132 |
| Net Income from Fundraising Events | $690,131 |
| Net Income from Gaming Activities | $74,354 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,692,011 |
| 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. | $124,572 |
| Compensation of current officers, directors, key employees. | $41,109 |
| Compensation to disqualified persons | $708,551 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,084 |
| Payroll taxes | $56,917 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $99,552 |
| 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 | $48,793 |
| Insurance | $67,363 |
| All other expenses | $83,019 |
| Total functional expenses | $2,752,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,510,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,512 |
| 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 | $48,370 |
| Net Land, buildings, and equipment | $682,223 |
| Investments—publicly traded securities | $2,044,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,488,759 |
| Accounts payable and accrued expenses | $87,344 |
| Grants payable | $0 |
| Deferred revenue | $87,204 |
| 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 | $1,146 |
| Total liabilities | $175,694 |
| Net assets without donor restrictions | $7,313,065 |
| 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 | $7,488,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Illinois Normal, IL | $15,446,457 | $16,417,969 |
Special Olympics Virginia Inc Richmond, VA | $16,696,692 | $6,408,163 |
Special Olympics Ohio Inc Westerville, OH | $10,232,674 | $6,096,982 |
Indiana Special Olympics Inc Indianapolis, IN | $12,397,396 | $5,468,645 |
Special Olympics Missouri Jefferson City, MO | $21,781,439 | $6,674,597 |
Special Olympics Tennessee Inc Brentwood, TN | $6,923,537 | $3,478,416 |
Special Olympics Kentucky Inc Frankfort, KY | $7,488,759 | $4,692,011 |
Disabled Athlete Sports Association Saint Peters, MO | $1,308,890 | $924,864 |
Adaptive Sports Program Of Ohio Wooster, OH | $273,825 | $729,982 |
Special Olympics West Virginia Inc Hurricane, WV | $2,353,601 | $924,671 |
Dare2tri Paratriathlon Club Chicago, IL | $1,105,416 | $950,691 |
Nashville Dolphins Nashville, TN | $904,185 | $440,568 |
Mcminnville Special Games Mcminnville, TN | $0 | $0 |