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Nonprofiteer
← SPECIAL OLYMPICS VERMONT

Form 990 for tax year 2022

Filed by SPECIAL OLYMPICS VERMONT.

Totals

Total revenue
$1,019,864
Total expenses
$938,888
Contributions and grants received
$1,066,008
Grants paid
$9,240
Program service revenue
$0
Investment income
$14,149
Other revenue
-$60,293
Total assets, end of year
$2,371,165
Total liabilities, end of year
$455,866
Net assets or fund balances, end of year
$1,915,299
Program services expenses (Part IX)
$498,048
Management and general expenses
$245,390
Fundraising expenses
$195,450
Program service expenses (Part III)
$498,048

Program services were 53.0% 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.

  • 1c · Fundraising events

    $665,860

  • 1e · Government grants (contributions)

    $13,867

  • 1f · All other contributions, gifts and grants

    $386,281

  • 1g · Noncash contributions included above

    $9,731

  • 3 · Investment income

    total $8,565 · related or exempt $8,565

  • 7a · Gross sales of assets other than inventory

    securities $47,673

  • 7b · Less cost or other basis and sales expenses

    securities $42,089

  • 7c · Gain or loss

    securities $5,584

  • 7d · Net gain or loss

    total $5,584 · related or exempt $5,584

  • 8a · Fundraising events: gross income

    $18,004

  • 8a · Fundraising events: contributions included on line 1c

    $665,860

  • 8b · Fundraising events: direct expenses

    $78,354

  • 8c · Net income from fundraising events

    total -$60,350 · excluded -$59,798

  • 11a · Other revenue: OTHER INCOME

    total $57 · related or exempt $57

  • 11e · Other revenue, total

    $57

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,240 · program services $9,240

  • 5 · Compensation of officers, directors and key employees

    total $147,617 · program services $29,523 · management and general $73,809 · fundraising $44,285

  • 7 · Other salaries and wages

    total $337,588 · program services $236,200 · management and general $39,837 · fundraising $61,551

  • 8 · Pension plan contributions

    total $11,756 · program services $8,355 · management and general $1,288 · fundraising $2,113

  • 9 · Other employee benefits

    total $43,016 · program services $27,394 · management and general $7,142 · fundraising $8,480

  • 10 · Payroll taxes

    total $36,779 · program services $20,534 · management and general $8,315 · fundraising $7,930

  • 11b · Fees: legal

    total $1,749 · management and general $1,749

  • 11c · Fees: accounting

    total $23,500 · management and general $23,500

  • 11g · Fees: other

    total $42,237 · program services $26,363 · management and general $2,101 · fundraising $13,773

  • 12 · Advertising and promotion

    total $6,910 · program services $907 · management and general $5,398 · fundraising $605

  • 13 · Office expenses

    total $15,142 · program services $8,454 · management and general $3,423 · fundraising $3,265

  • 14 · Information technology

    total $13,593 · program services $7,589 · management and general $3,073 · fundraising $2,931

  • 16 · Occupancy

    total $70,716 · program services $39,481 · management and general $15,987 · fundraising $15,248

  • 17 · Travel

    total $45,406 · program services $31,385 · management and general $7,352 · fundraising $6,669

  • 19 · Conferences, conventions and meetings

    total $1,350 · management and general $1,350

  • 21 · Payments to affiliates

    total $20,598 · program services $10,299 · fundraising $10,299

  • 22 · Depreciation, depletion and amortization

    total $13,273 · program services $7,410 · management and general $3,001 · fundraising $2,862

  • 23 · Insurance

    total $14,792 · program services $8,258 · management and general $3,344 · fundraising $3,190

  • 24a · Other expenses: COMPETITION & EVENTS

    total $39,470 · program services $23,871 · management and general $3,608 · fundraising $11,991

  • 24b · Other expenses: BANK, CREDIT CARD & OTHER

    total $26,376 · program services $2,785 · management and general $23,333 · fundraising $258

  • 24c · Other expenses: MISCELLANEOUS

    total $17,780 · management and general $17,780

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,028,310 · end of year $1,344,739

  • 2 · Savings and temporary cash investments

    beginning of year $278,498 · end of year $279,186

  • 3 · Pledges and grants receivable

    beginning of year $369,242 · end of year $117,223

  • 4 · Accounts receivable

    end of year $54,678

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,385 · end of year $13,484

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

    $223,477

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

    $215,360

  • 10c · Land, buildings and equipment, net

    beginning of year $21,390 · end of year $8,117

  • 11 · Investments: publicly traded securities

    beginning of year $220,957 · end of year $182,591

  • 15 · Other assets

    end of year $371,147

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,899 · end of year $33,511

  • 19 · Deferred revenue

    beginning of year $30,500 · end of year $47,573

  • 25 · Other liabilities

    end of year $374,782

  • 27 · Net assets without donor restrictions

    beginning of year $1,768,611 · end of year $1,849,192

  • 28 · Net assets with donor restrictions

    beginning of year $112,772 · end of year $66,107

Mission and programs · 2022

Mission

SPECIAL OLYMPICS VERMONT (SOVT) CONTRIBUTES TO THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL DEVELOPMENT OF INDIVIDUALS WITH INTELLECTUAL DISABILITIES PRIMARILY THROUGH ATHLETIC TRAINING AND COMPETITIONS. WE PROVIDE A BROAD VARIETY OF PROGRAMMING TO SUPPORT HOLISTIC WELL-BEING, WITH A FOCUS ON YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY, AND PARTICIPATE IN THE SHARING OF GIFTS, SKILLS AND FRIENDSHIPS WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.

Activities or mission (Part I)

SPECIAL OLYMPICS VERMONT (SOVT) CONTRIBUTES TO THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF INDIVIDUALS WITH INTELLECTUAL DISABILITIES PRIMARILY THROUGH ATHLETIC TRAINING AND COMPETITIONS.

  • TO ACCOMPLISH ITS MISSION, SPECIAL OLYMPICS VERMONT: CONTRIBUTES TO THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. THROUGH SUCCESSFUL EXPERIENCES IN COMMUNITY ENGAGEMENT, PERSONAL WELLNESS, AND SPORTS, OUR ATHLETES GAIN CONFIDENCE AND BUILD POSITIVE SELF-IMAGES, WHICH FOLLOW THEM INTO THEIR HOMES, CLASSROOMS, JOBS AND COMMUNITIES. THROUGH THE WORK OF DEDICATED STAFF AND NEARLY 1,000 GENEROUS VOLUNTEERS ANNUALLY, SOVT CONDUCTS A VARIETY OF ACTIVITIES IN SUPPORT OF ITS MISSION.

    Expenses $498,048 · Grants $9,240

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MELISSA SHEA

    PRESIDENT &

    Total calculated
    $147,617
    From this org
    $133,190
    From related orgs
    $0
    Other
    $14,427
    Hours/week
    40

  • JAY NUNN

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • DAKOTA BRIZENDINE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • AMY WOOD

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • ASHLEY SANDY

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • DR STEPHEN CONTOMPASIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VIRGINIA MERRIAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KYLE NICHOLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOBBY TORNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PEGGY DAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RILEY DICKIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SEAN FAHEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAETON ORTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ED TOWNLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARY SARACHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LISA KEYSAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIE CROSIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KENDRA KENNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SEAN MCMANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349304663

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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