Arkansas Special Olympics Inc
- Assets
- $3.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Little Rock, AR
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 71-0666671
Organization Overview
Arkansas Special Olympics Inc is located in Little Rock, AR. The organization was established in 0000. 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, Arkansas Special Olympics Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas 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 12/2021, Arkansas Special Olympics Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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 EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED YEAR ROUND SPORTS TRAINING AND COMPETITIONS IN TWENTY OLYMPIC TYPE SPORTS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES. ALSO OFFERED ADDITIONAL PROGRAMS FOR ATHLETES' DEVELOPMENT AND FITNESS, INCLUDING: "HEALTHY HEARING" WHICH PROVIDED FREE HEARING SCREENINGS; "SPECIAL SMILES" WHICH OFFERED FREE DENTAL SCREENINGS; "OPENING EYES" WHICH PROVIDED FREE VISION SCREENINGS; "FUN FITNESS" WHERE OCCUPATIONAL AND PHYSICAL THERAPISTS MEASURED ATHLETES FLEXIBILITY AND NEED FOR OTHER TREATMENTS; "HEALTH PROMOTION" WHICH PROMOTED A HEALTHER ATHLETE FOR A HEALTHIER LIFESTYLE; AND "PROJECT UNIFY" INITIATIVES WHICH COMBINED SOCIAL, EDUCATIONAL, AND INCLUSIONAL OPPORTUNITIES THROUGH SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Weir Executive Director | Officer | 40 | $118,789 |
Ferdinand Felizco Finance Chair | OfficerTrustee | 1 | $0 |
John Fournier Chair | OfficerTrustee | 1 | $0 |
Ross Ridout Vice Chair | OfficerTrustee | 1 | $0 |
Donna Morey Immediate Past Chair | OfficerTrustee | 1 | $0 |
Brian Wallace Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $332,907 |
| Related organizations | $0 |
| Government grants | $355,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,390,952 |
| Total Program Service Revenue | $0 |
| Investment income | $62,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$364,358 |
| Net Income from Fundraising Events | $14,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,128,239 |
| 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. | $133,765 |
| Compensation of current officers, directors, key employees. | $73,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $426,506 |
| Pension plan accruals and contributions | $16,256 |
| Other employee benefits | $33,341 |
| Payroll taxes | $41,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $833 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,896 |
| Office expenses | $21,029 |
| Information technology | $27,130 |
| Royalties | $0 |
| Occupancy | $49,279 |
| Travel | $20,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,491 |
| Insurance | $26,545 |
| All other expenses | $178 |
| Total functional expenses | $1,169,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,318 |
| Savings and temporary cash investments | $929,942 |
| Pledges and grants receivable | $32,989 |
| Accounts receivable, net | $17,780 |
| 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 | $0 |
| Net Land, buildings, and equipment | $33,130 |
| Investments—publicly traded securities | $2,156,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $538,292 |
| Total assets | $3,761,039 |
| Accounts payable and accrued expenses | $5,717 |
| Grants payable | $0 |
| Deferred revenue | $16,973 |
| 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 | $22,690 |
| Net assets without donor restrictions | $3,200,057 |
| Net assets with donor restrictions | $538,292 |
| 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 | $3,761,039 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arkansas Special Olympics Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
George Arthur Foundation Little Rock, AR PURPOSE: TO SUPPORT GENERAL OPERATIONS | $200 |
Endowment Analysis
| Beg. Balance | $1,307,598 |
| Earnings | $41,449 |
| Ending Balance | $1,349,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Texas Inc San Antonio, TX | $8,195,691 | $10,240,827 |
Special Olympics Missouri Jefferson City, MO | $19,734,066 | $4,592,039 |
Special Olympics Tennessee Inc Nashville, TN | $6,325,051 | $2,335,647 |
Special Olympics Oklahoma Inc Tulsa, OK | $6,097,982 | $1,953,667 |
Special Olympics Louisiana Inc Covington, LA | $1,858,444 | $1,726,996 |
Arkansas Special Olympics Inc Little Rock, AR | $3,761,039 | $1,128,239 |
Disabled Athlete Sports Association Saint Peters, MO | $1,368,797 | $778,512 |
Special Olympics Mississippi Inc Jackson, MS | $762,546 | $705,650 |
Nashville Dolphins Nashville, TN | $598,745 | $480,669 |
Mcminnville Special Games Mcminnville, TN | $0 | $0 |
Challenged Athletes Playing Equally Murfreesboro, TN | $1 | $0 |