Skip to content
Nonprofiteer
← SPECIAL OLYMPICS NORTH CAROLINA INC

Form 990 for tax year 2022

Filed by SPECIAL OLYMPICS NORTH CAROLINA INC.

Totals

Total revenue
$6,481,860
Total expenses
$5,125,787
Contributions and grants received
$5,342,208
Grants paid
$0
Program service revenue
$0
Investment income
$291,898
Other revenue
$847,754
Total assets, end of year
$11,529,329
Total liabilities, end of year
$844,844
Net assets or fund balances, end of year
$10,684,485
Program services expenses (Part IX)
$4,496,136
Management and general expenses
$249,584
Fundraising expenses
$380,067
Program service expenses (Part III)
$4,496,136

Program services were 87.7% 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.

  • 1a · Federated campaigns

    $18,552

  • 1c · Fundraising events

    $561,000

  • 1e · Government grants (contributions)

    $17,156

  • 1f · All other contributions, gifts and grants

    $4,745,500

  • 1g · Noncash contributions included above

    $131,489

  • 3 · Investment income

    total $202,694 · excluded $202,694

  • 7a · Gross sales of assets other than inventory

    securities $7,315,806

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

    securities $7,226,602

  • 7c · Gain or loss

    securities $89,204

  • 7d · Net gain or loss

    total $89,204 · related or exempt -$3,324 · excluded $92,528

  • 8a · Fundraising events: gross income

    $1,524,184

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

    $561,000

  • 8b · Fundraising events: direct expenses

    $702,394

  • 8c · Net income from fundraising events

    total $821,790 · excluded $821,790

  • 10a · Gross sales of inventory

    $62,326

  • 10b · Cost of goods sold

    $36,362

  • 10c · Net income from sales of inventory

    total $25,964 · related or exempt $25,964

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,222 · program services $55,567 · management and general $18,522 · fundraising $111,133

  • 7 · Other salaries and wages

    total $1,564,954 · program services $1,343,722 · management and general $86,150 · fundraising $135,082

  • 8 · Pension plan contributions

    total $29,645 · program services $26,148 · management and general $1,643 · fundraising $1,854

  • 9 · Other employee benefits

    total $130,565 · program services $100,831 · management and general $8,920 · fundraising $20,814

  • 10 · Payroll taxes

    total $130,118 · program services $104,198 · management and general $7,776 · fundraising $18,144

  • 11b · Fees: legal

    total $3,446 · program services $862 · management and general $2,584

  • 11c · Fees: accounting

    total $60,275 · management and general $60,275

  • 11f · Fees: investment management

    total $31,924 · management and general $31,924

  • 11g · Fees: other

    total $93,300 · program services $81,917 · management and general $3,126 · fundraising $8,257

  • 12 · Advertising and promotion

    total $75,026 · program services $65,456 · fundraising $9,570

  • 13 · Office expenses

    total $493,144 · program services $481,528 · management and general $11,616

  • 14 · Information technology

    total $52,769 · program services $43,908 · management and general $2,892 · fundraising $5,969

  • 16 · Occupancy

    total $419,027 · program services $389,884 · management and general $11,639 · fundraising $17,504

  • 17 · Travel

    total $181,452 · program services $181,228 · fundraising $224

  • 19 · Conferences, conventions and meetings

    total $15,698 · management and general $50 · fundraising $15,648

  • 20 · Interest

    total $660 · program services $528 · management and general $40 · fundraising $92

  • 22 · Depreciation, depletion and amortization

    total $39,013 · program services $39,013

  • 23 · Insurance

    total $90,761 · program services $87,924 · management and general $851 · fundraising $1,986

  • 24a · Other expenses: HOUSING, MEALS, AND ENT

    total $602,828 · program services $596,730 · management and general $873 · fundraising $5,225

  • 24b · Other expenses: UNIFORMS AND EQUIPMENT

    total $564,546 · program services $564,409 · management and general $137 · fundraising $0

  • 24c · Other expenses: AWARDS AND OPPORTUNITIE

    total $233,896 · program services $222,565 · management and general $519 · fundraising $10,812

  • 24d · Other expenses: SOI ASSESSMENT

    total $96,490 · program services $96,490

  • 24e · All other expenses

    total $31,028 · program services $13,228 · management and general $47 · fundraising $17,753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,349,891 · end of year $4,341,555

  • 2 · Savings and temporary cash investments

    beginning of year $31,413 · end of year $128,658

  • 3 · Pledges and grants receivable

    beginning of year $103,379 · end of year $335,552

  • 4 · Accounts receivable

    beginning of year $370,811 · end of year $207,875

  • 8 · Inventories for sale or use

    beginning of year $30,572 · end of year $37,651

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,239 · end of year $65,181

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

    $335,288

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

    $237,876

  • 10c · Land, buildings and equipment, net

    beginning of year $75,034 · end of year $97,412

  • 11 · Investments: publicly traded securities

    beginning of year $7,098,787 · end of year $5,759,883

  • 15 · Other assets

    beginning of year $37,481 · end of year $555,562

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,216 · end of year $193,893

  • 23 · Secured mortgages and notes payable

    end of year $650,951

  • 24 · Unsecured notes and loans payable

    beginning of year $12,470

  • 25 · Other liabilities

    beginning of year $146,675

  • 27 · Net assets without donor restrictions

    beginning of year $10,650,802 · end of year $10,481,666

  • 28 · Net assets with donor restrictions

    beginning of year $181,444 · end of year $202,819

Mission and programs · 2022

Mission

THE MISSION OF SPECIAL OLYMPICS IS TO PROVIDE 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 A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES, AND THE COMMUNITY.

Activities or mission (Part I)

SPECIAL OLYMPICS AIMS TO COMBINE HIGH QUALITY SPORTS WITH A WIDE AUDIENCE, AND BE A DRIVING FORCE FOR SOCIAL INCLUSION OF PEOPLE WITH INTELLECTUAL DISABILITIES.

  • SPECIAL OLYMPICS NORTH CAROLINA, INC. (THE ORGANIZATION OR SONC) IS A NONPROFIT CORPORATION AUTHORIZED AND ACCREDITED BY SPECIAL OLYMPICS, INCORPORATED (SOI). THE ORGANIZATION WAS ESTABLISHED IN 1971 TO IMPROVE THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF CITIZENS WITH INTELLECTUAL DISABILITIES THROUGH SUCCESSFUL EXPERIENCES IN SPORTS TRAINING, HEALTH PROGRAMS AND COMPETITIONS. BASED ON INFORMATION COLLECTED FOR THE SPECIAL OLYMPICS 2022 GLOBAL ATHLETE CENSUS, SONC INVOLVED 39,906 ATHLETES, 10,938 UNIFIED PARTNERS (THOSE WITHOUT INTELLECTUAL DISABILITIES) THROUGHOUT NORTH CAROLINA IN 20 SPORTS WITH 405 EVENTS SUPPORTED BY 1,405 CERTIFIED COACHES. SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS RESULTED IN ACTIVITIES FOR 21,406 STUDENTS IN 588 SCHOOLS THROUGHOUT THE STATE. IN OUR WORK TO IMPROVE THE HEALTH OF SPECIAL OLYMPICS ATHLETES, 17,451 PARTICIPANTS WERE INVOLVED IN PARTNER UP POWER UP, A MULTI-WEEK HEALTH EDUCATION AND FITNESS PROGRAM DONE AT HOME OR IN THE CLASSROOM.

    Expenses $4,051,787 · Revenue $22,640

  • THE 2022 YEAR WAS ONE OF REENGAGEMENT FOR SPECIAL OLYMPICS NORTH CAROLINA IN TERMS OF THE IMPLEMENTATION OF THE SPECIAL OLYMPICS MISSION BECAUSE OF THE COVID-19 PANDEMIC THAT BEGAN IN NORTH CAROLINA IN MARCH 2020. A MIXTURE OF VIRTUAL AND AT-HOME ACTIVITIES OCCURRED AS WELL AS IN-PERSON SPORTS INVITATIONALS AND THE SONC FALL TOURNAMENT BEING CONDUCTED. IN ADDITION, SONC SENT A DELEGATION OF NEARLY 100 TO THE SPECIAL OLYMPICS USA GAMES IN ORLANDO, FL. SPECIAL PRECAUTIONS WERE TAKEN INTO ACCOUNT FOR THE HEALTH SAFETY OF ALL ATHLETES AND VOLUNTEERS.

    Expenses $412,860

  • IN A TYPICAL YEAR, SPECIAL OLYMPICS RELIES ON THE ENERGY, EXPERTISE, AND COMMITMENT OF OVER 43,000 VOLUNTEERS EACH YEAR TO CARRY OUT YEAR-ROUND SPORTS TRAINING, COMPETITION, AND HEALTH/WELLNESS OPPORTUNITIES FOR NEARLY 40,000 REGISTERED ATHLETES. SPECIAL OLYMPICS RECRUITS VOLUNTEERS OF ALL AGES, BACKGROUNDS, AND AVAILABILITY TO SERVE ROLES THAT INCLUDE EVENT PLANNING, ATHLETE OUTREACH, COORDINATION OF LOGISTICS, SPORT DEVELOPMENT TEAM MEMBERS, RECRUITMENT OF OTHER VOLUNTEERS, UNIFIED CHAMPION SCHOOLS, HEALTH INITIATIVES, AND MUCH MORE. VOLUNTEER COACHES ARE ESSENTIAL TO PROVIDING QUALITY EXPERIENCES FOR PARTICIPATING ATHLETES, AND THROUGH THE SPECIAL OLYMPICS NORTH CAROLINA COACHES' CERTIFICATION PROCESS THESE VOLUNTEERS ARE TRAINED TO MEET THE UNIQUE NEEDS OF PEOPLE WITH INTELLECTUAL DISABILITIES.

    Expenses $31,489

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

Listed in Part VII

  • Lewis McLean Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Chiquana Dancy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Allen Oliver

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Bullard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Perry Flynn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Presson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Colin Jorsch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hevey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Merkl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Harry Stafford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Anson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Catrina Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Annie Tane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Packer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ken Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Nordeen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Triandiflou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith L Fishburne

    PRESIDENT/CEO

    Total calculated
    $185,222
    From this org
    $179,827
    From related orgs
    $0
    Other
    $5,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,827
    Bonus
    $0
    Other
    $0
    Deferred
    $5,395
    Nontaxable benefits
    $0
    Filer's total
    $185,222

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 · Approval by the board or 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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202321329349304687

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

The source document this was parsed from is served over the API, which is where bulk and document access live.