Special Olympics Kentucky Inc
- Assets
- $5.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Frankfort, KY
- Founding
- 07/1980
- Data as of
- 12/2021
- 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 12/2021, Special Olympics Kentucky Inc employed 23 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 12/2021, Special Olympics Kentucky Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.0m 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 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Orthymeyer Finance Chair | OfficerTrustee | 2 | $0 |
Joe Doren Develop Chair | OfficerTrustee | 2 | $0 |
Byron Largen Board Chair | OfficerTrustee | 2 | $0 |
Tracy Roberts Governance Chai | OfficerTrustee | 2 | $0 |
Mike Coomes Board Member | Trustee | 2 | $0 |
Sott Maloy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $252,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,153,074 |
| Noncash contributions included in lines 1a–1f | $35,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,405,560 |
| Total Program Service Revenue | $387,687 |
| Investment income | $51,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,230 |
| Net Income from Fundraising Events | $599,572 |
| Net Income from Gaming Activities | $66,145 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,582,891 |
| 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. | $122,322 |
| Compensation of current officers, directors, key employees. | $40,366 |
| Compensation to disqualified persons | $661,381 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,371 |
| Payroll taxes | $61,508 |
| 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 | $5,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,939 |
| 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 | $50,166 |
| Insurance | $56,709 |
| All other expenses | $90,123 |
| Total functional expenses | $1,971,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,690,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,630 |
| 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 | $16,842 |
| Net Land, buildings, and equipment | $606,578 |
| Investments—publicly traded securities | $2,233,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,775,822 |
| Accounts payable and accrued expenses | $60,968 |
| Grants payable | $0 |
| Deferred revenue | $131,910 |
| 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 | $194,024 |
| Net assets without donor restrictions | $5,581,798 |
| 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 | $5,775,822 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Special Olympics Kentucky Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Creech Family Foundation Inc Lexington, KY PURPOSE: GENERAL FUND | $2,000 |
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Illinois Normal, IL | $11,863,338 | $11,507,076 |
Special Olympics Virginia Inc Richmond, VA | $13,473,653 | $5,499,279 |
Special Olympics Missouri Jefferson City, MO | $19,734,066 | $4,592,039 |
Special Olympics Ohio Inc Columbus, OH | $10,315,553 | $4,556,418 |
Indiana Special Olympics Inc Indianapolis, IN | $12,294,417 | $4,728,854 |
Special Olympics Kentucky Inc Frankfort, KY | $5,775,822 | $3,582,891 |
Special Olympics Tennessee Inc Nashville, TN | $6,325,051 | $2,335,647 |
Disabled Athlete Sports Association Saint Peters, MO | $1,368,797 | $778,512 |
Dare2tri Paratriathlon Club Chicago, IL | $1,076,155 | $703,352 |
Adaptive Sports Program Of Ohio Wooster, OH | $418,103 | $705,586 |
Special Olympics West Virginia Inc Hurricane, WV | $1,774,385 | $900,862 |
Nashville Dolphins Nashville, TN | $598,745 | $480,669 |