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Nonprofiteer
← SPECIAL OLYMPICS WEST VIRGINIA INC

Form 990 for tax year 2023

Filed by SPECIAL OLYMPICS WEST VIRGINIA INC.

Totals

Total revenue
$924,671
Total expenses
$842,139
Contributions and grants received
$322,647
Grants paid
$0
Program service revenue
$408,900
Investment income
$47,125
Other revenue
$145,999
Total assets, end of year
$2,353,601
Total liabilities, end of year
$119,390
Net assets or fund balances, end of year
$2,234,211
Program services expenses (Part IX)
$755,717
Management and general expenses
$62,144
Fundraising expenses
$24,278
Program service expenses (Part III)
$755,717

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $25,075

  • 1f · All other contributions, gifts and grants

    $297,572

  • 2a · Program service revenue: CHAPTER INCOME

    total $250,367 · related or exempt $250,367

  • 2b · Program service revenue: UNIFIED CHAMPION SCHOO

    total $94,361 · related or exempt $94,361

  • 2c · Program service revenue: GAMES REVENUE

    total $64,172 · related or exempt $64,172

  • 3 · Investment income

    total $47,125 · excluded $47,125

  • 8a · Fundraising events: gross income

    $207,434

  • 8b · Fundraising events: direct expenses

    $62,933

  • 8c · Net income from fundraising events

    total $144,501 · excluded $144,501

  • 11a · Other revenue: OTHER REVENUE

    total $1,498 · related or exempt $1,498

  • 11e · Other revenue, total

    $1,498

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $238,186 · program services $204,840 · management and general $18,340 · fundraising $15,006

  • 9 · Other employee benefits

    total $42,081 · program services $36,190 · management and general $3,366 · fundraising $2,525

  • 10 · Payroll taxes

    total $19,044 · program services $16,378 · management and general $1,524 · fundraising $1,142

  • 11g · Fees: other

    total $33,367 · program services $1,001 · management and general $32,032 · fundraising $334

  • 13 · Office expenses

    total $2,476 · program services $2,352 · management and general $74 · fundraising $50

  • 16 · Occupancy

    total $24,872 · program services $21,390 · management and general $1,990 · fundraising $1,492

  • 17 · Travel

    total $1,117 · program services $1,072 · management and general $28 · fundraising $17

  • 22 · Depreciation, depletion and amortization

    total $8,443 · program services $7,261 · management and general $675 · fundraising $507

  • 23 · Insurance

    total $24,167 · program services $20,784 · management and general $1,933 · fundraising $1,450

  • 24a · Other expenses: CHAPTER EXPENSES

    total $251,445 · program services $251,445 · management and general $0 · fundraising $0

  • 24b · Other expenses: UNIFIED CHAMPION SCHOOL

    total $77,769 · program services $77,769 · management and general $0 · fundraising $0

  • 24c · Other expenses: HOUSING AND MEALS

    total $60,059 · program services $59,699 · management and general $180 · fundraising $180

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $21,297 · program services $20,701 · management and general $298 · fundraising $298

  • 24e · All other expenses

    total $37,816 · program services $34,835 · management and general $1,704 · fundraising $1,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,062,951 · end of year $693,178

  • 2 · Savings and temporary cash investments

    beginning of year $909,346 · end of year $1,369,557

  • 3 · Pledges and grants receivable

    beginning of year $460 · end of year $460

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,794 · end of year $2,796

  • 10a · Land, buildings and equipment: cost or other basis

    $58,135

  • 10b · Land, buildings and equipment: accumulated depreciation

    $57,138

  • 10c · Land, buildings and equipment, net

    beginning of year $2,113 · end of year $997

  • 11 · Investments: publicly traded securities

    beginning of year $197,960 · end of year $210,791

  • 15 · Other assets

    beginning of year $94,961 · end of year $75,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,721 · end of year $12,722

  • 19 · Deferred revenue

    beginning of year $11,427 · end of year $27,067

  • 25 · Other liabilities

    beginning of year $98,589 · end of year $79,601

  • 27 · Net assets without donor restrictions

    beginning of year $2,138,848 · end of year $2,234,211

Mission and programs · 2023

Mission

PROMOTION OF PHYSICAL FITNESS, SPORTS TRAINING, AND ATHLETIC COMPETITION FOR MENTALLY CHALLENGED CITIZENS OF WEST VIRGINIA.

Activities or mission (Part I)

TO PROVIDE AND PROMOTE PHYSICAL FITNESS, SPORTS TRAINING, AND ATHLETIC COMPETITION FOR MENTALLY CHALLENGED CITIZENS IN WEST VIRGINIA.

  • THE ORGANIZATION PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-STYLE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES (MANY OF WHOM ALSO HAVE PHYSICAL DISABILITIES) GIVING THEM THE ABILITY TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE AND EXPERIENCE JOY. THE ORGANIZATION PROVIDES FIVE (5) STATE GAMES AND NEARLY 60 LOCAL COMPETITIONS INVOLVING 19 SPORTS WHICH BENEFITS APPROXIMATELY 4,000 SPECIAL OLYMPICS WEST VIRGINIA ATHELETES IN 33 COUNTIES. THE ORGANIZATION PROGRAMMING IS SUPPORTED BY A NETWORK OF MORE THAN 3,400 COMMUNITY VOLUNTEERS.

    Expenses $755,717 · Revenue $410,398

As filed on the 2023 return.

Listed in Part VII

  • Allison Warner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Praveen Srinivasan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alisa Lively

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Gizzi

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kennie Bass

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Clark

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ann Richards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chris Rockenstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tasha Carrico

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zach Goad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Chapman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Ferguson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chad Pack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Glenna Ragle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Hundley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gregory J Corbett

    CEO/ DIRECTOR

    Total calculated
    $170,119
    From this org
    $140,119
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,119
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $0
    Filer's total
    $170,119

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SPECIAL OLYMPICS INC

    501 (C) (3) · TO PROVIDE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES · DC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349311939

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