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← SPECIAL OLYMPICS COLORADO

Form 990 for tax year 2022

Filed by SPECIAL OLYMPICS COLORADO.

What the amendment changed

Compared with the return it replaced , filed 30 June 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$7,406,195 changed to $5,651,207
Total expenses
$7,121,560 changed to $5,366,572
Contributions and grants received
$7,058,010 changed to $5,303,022
Program services expenses
$5,147,413 changed to $3,513,563
Fundraising expenses
$1,218,235 changed to $1,097,097
Program service expenses (Part III)
$5,147,413 changed to $3,513,563

Totals

Total revenue
$5,651,207
Total expenses
$5,366,572
Contributions and grants received
$5,303,022
Grants paid
$0
Program service revenue
$0
Investment income
$49,978
Other revenue
$298,207
Total assets, end of year
$6,713,864
Total liabilities, end of year
$1,911,560
Net assets or fund balances, end of year
$4,802,304
Program services expenses (Part IX)
$3,513,563
Management and general expenses
$755,912
Fundraising expenses
$1,097,097
Program service expenses (Part III)
$3,513,563

Program services were 65.5% 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

    $30,346

  • 1f · All other contributions, gifts and grants

    $5,272,676

  • 1g · Noncash contributions included above

    $110,350

  • 3 · Investment income

    total $49,302 · excluded $49,302

  • 7a · Gross sales of assets other than inventory

    securities $16,469

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

    securities $15,793

  • 7c · Gain or loss

    securities $676

  • 7d · Net gain or loss

    total $676 · excluded $676

  • 8a · Fundraising events: gross income

    $158,839

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

    $30,346

  • 8b · Fundraising events: direct expenses

    $63,439

  • 8c · Net income from fundraising events

    total $95,400 · excluded $95,400

  • 9a · Gaming: gross income

    $569,445

  • 9b · Gaming: direct expenses

    $383,872

  • 9c · Net income from gaming

    total $185,573 · excluded $185,573

  • 10a · Gross sales of inventory

    $69,602

  • 10b · Cost of goods sold

    $52,368

  • 10c · Net income from sales of inventory

    total $17,234 · related or exempt $17,234

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $332,442 · program services $95,955 · management and general $198,105 · fundraising $38,382

  • 7 · Other salaries and wages

    total $2,315,877 · program services $1,576,882 · management and general $248,556 · fundraising $490,439

  • 8 · Pension plan contributions

    total $15,550 · program services $10,588 · management and general $1,669 · fundraising $3,293

  • 9 · Other employee benefits

    total $192,433 · program services $131,028 · management and general $20,653 · fundraising $40,752

  • 10 · Payroll taxes

    total $201,486 · program services $137,192 · management and general $21,625 · fundraising $42,669

  • 11c · Fees: accounting

    total $25,700 · management and general $25,700

  • 11f · Fees: investment management

    total $10,413 · management and general $10,413

  • 11g · Fees: other

    total $9,059 · program services $5,080 · fundraising $3,979

  • 12 · Advertising and promotion

    total $13,631 · program services $5,505 · fundraising $8,126

  • 13 · Office expenses

    total $178,007 · program services $87,438 · management and general $8,975 · fundraising $81,594

  • 14 · Information technology

    total $18,433 · program services $11,676 · management and general $2,907 · fundraising $3,850

  • 16 · Occupancy

    total $449,891 · program services $334,084 · management and general $58,546 · fundraising $57,261

  • 17 · Travel

    total $315,566 · program services $306,631 · management and general $423 · fundraising $8,512

  • 19 · Conferences, conventions and meetings

    total $91,165 · program services $57,872 · management and general $8,019 · fundraising $25,274

  • 21 · Payments to affiliates

    total $85,928 · management and general $85,928

  • 22 · Depreciation, depletion and amortization

    total $57,016 · program services $15,141 · management and general $38,392 · fundraising $3,483

  • 23 · Insurance

    total $59,423 · program services $43,700 · management and general $6,763 · fundraising $8,960

  • 24a · Other expenses: UNIFORMS AND EQUIPMENT

    total $445,941 · program services $444,865 · fundraising $1,076

  • 24b · Other expenses: RECOGNITION

    total $119,281 · program services $76,872 · management and general $1,445 · fundraising $40,964

  • 24c · Other expenses: FEES,PERMITS,AND DUES

    total $118,617 · program services $88,589 · management and general $10,251 · fundraising $19,777

  • 24d · Other expenses: IN-KIND MATERIALS

    total $110,350 · fundraising $110,350

  • 24e · All other expenses

    total $200,363 · program services $84,465 · management and general $7,542 · fundraising $108,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,033 · end of year $282,079

  • 2 · Savings and temporary cash investments

    beginning of year $3,642,144 · end of year $3,892,562

  • 4 · Accounts receivable

    beginning of year $132,593 · end of year $162,235

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,507 · end of year $46,678

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

    $519,617

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

    $361,131

  • 10c · Land, buildings and equipment, net

    beginning of year $185,737 · end of year $158,486

  • 11 · Investments: publicly traded securities

    beginning of year $612,339 · end of year $547,395

  • 15 · Other assets

    beginning of year $715,384 · end of year $1,624,429

  • 17 · Accounts payable and accrued expenses

    beginning of year $485,301 · end of year $415,604

  • 19 · Deferred revenue

    beginning of year $276,623 · end of year $333,960

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,161,996

  • 27 · Net assets without donor restrictions

    beginning of year $3,958,213 · end of year $4,198,119

  • 28 · Net assets with donor restrictions

    beginning of year $757,600 · end of year $604,185

Mission and programs · 2022

Mission

THE MISSION OF SPECIAL OLYMPICS COLORADO (SOCO) 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 FRIENDSHIPS WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES, AND THE COMMUNITY.

Activities or mission (Part I)

THE MISSION OF SPECIAL OLYMPICS COLORADO (SOCO) IS TO PROVIDE YEAR-ROUND SPORTS TRAINING FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.

  • 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 20,000 ATHLETES ACROSS THE STATE. NOT INCLUDED IN PROGRAM EXPENSES ARE $3,537,746 IN DONATED SERVICES AND FACILITIES. THESE DONATED SERVICES INCUDE DAY PASSES TO SKI RESORTS USED IN CONNECTION WITH SOCO'S WINTER SPORTS PROGRAMS, AS WELL AS SERVICES DONATED BY COACHES AND REFEREES.

    Expenses $768,328 · Revenue $17,234

  • 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.

    Expenses $1,219,035

  • 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.

    Expenses $913,220

  • 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.

    Expenses $612,980

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

Listed in Part VII

  • MacKenzie Beauvais-Nikl

    BOARD CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • John Shukie

    BOARD CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Patrick Cowan

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Davinia Lyon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kris Staaf

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sharif Abdelhamid

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Jay Albright

    BOARD MEMBER (THRU 6/21/22)

    Total calculated
    $0
    Hours/week
    2

  • David Carlson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Deatly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Doyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Josh Goldenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jon Herskovits

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Hidalgo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greg Holloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Liz Krupa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alexa Letts

    BOARD MEMBER (THRU 3/31/22)

    Total calculated
    $0
    Hours/week
    2

  • London Lomax

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Phillip Merrill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marta Newhart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Evan Rothstein

    BOARD MEMBER (THRU 9/12/22)

    Total calculated
    $0
    Hours/week
    2

  • Melissa Sachs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tim Sharpe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tony Spurlock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lilie Stoolman

    BOARD MEMBER (THRU 6/21/22)

    Total calculated
    $0
    Hours/week
    2

  • Maya Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Courtney Waite

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mandy Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Megan Scremin

    PRESIDENT AND CEO

    Total calculated
    $191,909
    From this org
    $183,866
    From related orgs
    $0
    Other
    $8,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $28,866
    Other
    $0
    Deferred
    $1,839
    Nontaxable benefits
    $6,204
    Filer's total
    $191,909

  • Becky Kennedy

    CFO

    Total calculated
    $140,533
    From this org
    $128,128
    From related orgs
    $0
    Other
    $12,405
    Hours/week
    40

  • Jan Gordon

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $138,880
    From this org
    $126,040
    From related orgs
    $0
    Other
    $12,840
    Hours/week
    40

  • Chaka Sutton

    CHIEF OUTREACH OFFICER

    Total calculated
    $135,111
    From this org
    $125,825
    From related orgs
    $0
    Other
    $9,286
    Hours/week
    40

  • Erin Medina

    CHIEF STRATEGY OFFICER

    Total calculated
    $118,948
    From this org
    $117,770
    From related orgs
    $0
    Other
    $1,178
    Hours/week
    40

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE HUMAN RESOURCE COMMITTEE DETERMINES BONUS AMOUNTS BASED ON THE PERFORMANCE OF THE ORGANIZATION AND MEETING KEY INDICATORS, ALONG WITH PERSONAL PERFORMANCE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    T · CHARITABLE REMAINDER TRUST · CO

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202422279349303622

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