Special Olympics Colorado
- Assets
- $5.5m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Centennial, CO
- Founding
- 03/1975
- Data as of
- 12/2021
- EIN
- 84-0713739
Organization Overview
Special Olympics Colorado is located in Centennial, CO. The organization was established in 1975. 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 Colorado employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Colorado 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 Colorado generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 6.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SPECIAL OLYMPICS COLORADO (SOCO) IS TO PROVIDE YEAR-ROUND SPORTS TRAINING FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS COLORADO (SOCO) IS A CHAPTER OF SPECIAL OLYMPICS, A GLOBAL ORGANIZATION THAT USES THE SIMPLE PLATFORM OF SPORTS TO EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES (ID). SINCE 1969, SOCO HAS BEEN STRENGTHENING FAMILIES, ATHLETES AND OUR COMMUNITY THROUGH SPORT AND HEALTHY LIVING OPPORTUNITIES AND NOW SERVES MORE THAN 15,995 ATHLETES ACROSS THE STATE. DURING AN UNPRECEDENTED YEAR, ATHLETES ADAPTED TO A NEW NORMAL AND CONTINUED TO ENGAGE IN DOZENS OF WAYS, VIRTUALLY. THROUGH WEEKLY SOCO@HOME PROGRAMMING, NUMEROUS VIRTUAL WELLNESS CHALLENGES, AND A MODIFIED COMPETITION FORMAT, SPECIAL OLYMPICS CO CONTINUED TO PROVIDE ATHLETES WITH DOZENS OF OPPORTUNITIES TO SOCIALIZE, EXERCISE, AND GROW.
SOCO'S UNIFIED CHAMPION SCHOOL STRATEGY IS A SCHOOL-BASED PROGRAM THAT CHANGES SCHOOL CLIMATES TO BE ACCEPTING AND INCLUSIVE OF ALL STUDENTS AND ALL DIFFERENCES THROUGH UNIFIED SPORTS, YOUTH LEADERSHIP AND ENGAGING ALL STUDENTS.
SOCO'S YOUNG ATHLETES PROGRAM IS AN INNOVATIVE SPORTS PLAY PROGRAM FOR CHILDREN AGES 2-7 WITH INTELLECTUAL DISABILITIES AS WELL AS THEIR TYPICALLY DEVELOPING PEERS, DESIGNED TO PROMOTE INCLUSION WHILE INTRODUCING THEM TO THE WORLD OF SPORT, WITH THE GOAL OF PREPARING THEM FOR FUTURE PARTICIPATION IN SPECIAL OLYMPICS SPORTS TRAINING AND COMPETITION.
SOCO'S OTHER PROGRAMS INCLUDE INCLUSIVE HEALTH, WHICH FOCUSES ON IMPROVING THE PHYSICAL AND SOCIAL-EMOTIONAL WELL-BEING OF PEOPLE WITH INTELLECTUAL DISABILITIES BY BROADENING ACCESS AND QUALITY OF CARE IN HEALTH SYSTEMS; THE ATHLETE LEADERSHIP PROGRAM, INCLUDING ALPS UNIVERSITY, WHICH EMPOWERS SOCO'S ATHLETES TO CREATIVE MEANINGFUL SOCIETAL CHANGE; AND OUR VOLUNTEER TRAINING AND MANAGEMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Scremin CEO | Officer | 40 | $173,604 |
Becky Kennedy CFO | Officer | 40 | $121,039 |
Jan Gordon Vp, Law Enforcement Torch Run | 40 | $118,599 | |
Chaka Sutton Sr Vp, Programs | 40 | $117,270 | |
Erin Medina Vp, Programs | 40 | $104,497 | |
John Shukie Board Co-Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,705 |
| Related organizations | $0 |
| Government grants | $475,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,267,828 |
| Noncash contributions included in lines 1a–1f | $894,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,761,233 |
| Total Program Service Revenue | $0 |
| Investment income | $34,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,596 |
| Net Income from Gaming Activities | $141,171 |
| Net Income from Sales of Inventory | $18,751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,040,325 |
| 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. | $312,932 |
| Compensation of current officers, directors, key employees. | $186,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,209,672 |
| Pension plan accruals and contributions | $15,804 |
| Other employee benefits | $170,155 |
| Payroll taxes | $197,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,160 |
| Advertising and promotion | $15,646 |
| Office expenses | $195,244 |
| Information technology | $15,815 |
| Royalties | $0 |
| Occupancy | $360,698 |
| Travel | $92,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,684 |
| Interest | $0 |
| Payments to affiliates | $66,205 |
| Depreciation, depletion, and amortization | $73,794 |
| Insurance | $55,885 |
| All other expenses | $129,037 |
| Total functional expenses | $5,574,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,033 |
| Savings and temporary cash investments | $3,642,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,593 |
| 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 | $48,507 |
| Net Land, buildings, and equipment | $185,737 |
| Investments—publicly traded securities | $612,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $715,384 |
| Total assets | $5,477,737 |
| Accounts payable and accrued expenses | $485,301 |
| Grants payable | $0 |
| Deferred revenue | $276,623 |
| 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 | $761,924 |
| Net assets without donor restrictions | $3,958,213 |
| Net assets with donor restrictions | $757,600 |
| 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 | $5,477,737 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Special Olympics Colorado has recieved totaling $302.
| Awarding Organization | Amount |
|---|---|
Small World Foundation San Jose, CA PURPOSE: TO FURTHER A PRIMARY GOAL OF THE FOUNDATION: TO PROVIDE MONETARY ASSISTANCE TO ORGANIZATIONS THAT PROVIDE ASSISTANCE TO DISADVANTAGED OR UNDERPRIVILEGED YOUTHS, DISADVANTAGED OR DEPENDENT SENIOR CITIZENS OR OTHER ORGANIZATIONS THAT PROVIDE OTHER TYPES OF CHARITABLE AND EDUCATIONAL SERVICES. | $250 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $52 |
Endowment Analysis
| Beg. Balance | $297,754 |
| Earnings | $74,401 |
| Admin Expense | $9,816 |
| Net Contributions | $250,000 |
| Ending Balance | $612,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ability Center Park City, UT | $28,886,083 | $8,062,323 |
Special Olympics Colorado Centennial, CO | $5,477,737 | $6,040,325 |
Special Olympics Arizona Inc Goodyear, AZ | $7,921,552 | $5,818,236 |
Adaptive Sports Center Of Crested Butte Inc Crested Butte, CO | $19,319,284 | $4,998,660 |
F R I E N D S Of Broomfield Broomfield, CO | $4,458,542 | $2,913,606 |
Special Olympics Nebraska Inc Omaha, NE | $5,523,319 | $1,858,843 |
Special Olympics Kansas Inc Mission, KS | $2,839,852 | $2,155,644 |
Special Olympics New Mexico Inc Albuquerque, NM | $2,764,108 | $1,921,650 |
Special Olympics Oklahoma Inc Tulsa, OK | $6,097,982 | $1,953,667 |
The Mexico Senior Olympics Inc Roswell, NM | $395,621 | $942,107 |
Special Olympics Utah Inc Salt Lake City, UT | $1,296,497 | $1,379,753 |
Special Olympics Wyoming Inc Casper, WY | $920,376 | $1,192,951 |