Special Olympics Alaska Inc
- Assets
- $9.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Anchorage, AK
- Founding
- 08/1981
- Data as of
- 12/2021
- EIN
- 92-0057197
Organization Overview
Special Olympics Alaska Inc is located in Anchorage, AK. The organization was established in 1981. 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 Alaska Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Alaska 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 Alaska Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS ALASKA, INC. WAS FORMED IN 1974 UNDER THE GUIDANCE AND APPROVAL OF SPECIAL OLYMPICS, INC. THE ORGANIZATION SERVES INDIVIDUALS WITH INTELLECTUAL DISABILITIES THROUGH YEAR ROUND SPORTS TRAINING, CONDITIONING AND ATHLETIC COMPETITION.
Describe the Organization's Program Activity:
SPORTS TRAINING AND COMPETITION INCLUDES ALL FUNCTIONS NECESSARY TO PROVIDE CONTINUING OPPORTUNITIES FOR ATHLETES TO DEVELOP PHYSICAL FITNESS, TO DEMONSTRATE COURAGE, TO EXPERIENCE JOY AND TO PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Perles President & CEO | Officer | 40 | $124,008 |
Sarah Arts Vice Pres/coo | Officer | 40 | $100,807 |
Adolf Zeman Secretary | OfficerTrustee | 3 | $0 |
Tony French Treasurer | OfficerTrustee | 3 | $0 |
Geoff Lundfelt Imm. Past Chair | OfficerTrustee | 3 | $0 |
Katherine Burrill Chair Elect | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,235 |
| Related organizations | $0 |
| Government grants | $458,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,575 |
| Total Program Service Revenue | $0 |
| Investment income | $41,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,319 |
| Net Income from Fundraising Events | $473,839 |
| Net Income from Gaming Activities | $62,020 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,721,576 |
| 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. | $250,807 |
| Compensation of current officers, directors, key employees. | $12,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,059 |
| Pension plan accruals and contributions | $27,320 |
| Other employee benefits | $44,042 |
| Payroll taxes | $53,633 |
| Fees for services: Management | $57,773 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,713 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,526 |
| Office expenses | $13,496 |
| Information technology | $18,785 |
| Royalties | $0 |
| Occupancy | $64,941 |
| Travel | $29,847 |
| 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 | $309,415 |
| Insurance | $25,894 |
| All other expenses | -$8,269 |
| Total functional expenses | $1,378,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,410 |
| Savings and temporary cash investments | $685,644 |
| Pledges and grants receivable | $1,667 |
| Accounts receivable, net | $0 |
| 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 | $31,909 |
| Net Land, buildings, and equipment | $6,602,285 |
| Investments—publicly traded securities | $1,940,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,334,554 |
| Accounts payable and accrued expenses | $16,504 |
| Grants payable | $0 |
| Deferred revenue | $101,843 |
| 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 | $4,662 |
| Total liabilities | $123,009 |
| Net assets without donor restrictions | $8,450,558 |
| Net assets with donor restrictions | $760,987 |
| 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 | $9,334,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Alaska Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Perles Family Foundation Inc Th Ave Fl New York, NY PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $917,008 |
| Earnings | $11,037 |
| Net Contributions | $79,305 |
| Other Expense | $45,935 |
| Ending Balance | $961,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Bogus Basin Recreational Association Inc Boise, ID | $46,317,887 | $20,708,902 |
Apa-The Engineered Wood Association Tacoma, WA | $20,196,458 | $14,789,025 |
Central Bering Sea Fishermens Association St Paul Island, AK | $143,186,710 | $29,049,738 |
Overlake Golf And Country Club Medina, WA | $29,417,112 | $12,082,027 |
New Avenues For Youth Inc Portland, OR | $21,649,284 | $12,304,238 |
Sand Point Country Club Inc Seattle, WA | $22,457,177 | $10,030,449 |
Waverley Country Club Portland, OR | $15,287,232 | $9,034,980 |
Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
Associated Recreation Council Seattle, WA | $11,269,949 | $12,986,573 |
Portland Golf Club Portland, OR | $13,576,929 | $9,879,957 |
Broadmoor Golf Club Seattle, WA | $17,865,105 | $8,643,094 |