Better Business Bureau Report for
Special Olympics Virginia

Better Business Bureau Report issued July 2011
Better Business Bureau Report expires July 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Special Olympics Virginia
Address: 3212 Skipwith Road, Suite 100
  Richmond, VA 23294
Phone: 804-346-5544
Web Address: http://www.specialolympicsva.org
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Better Business Bureau Comments

Year, State Incorporated: 1983, Virginia
Affiliates: None
Stated Purpose: To provide year-round sports training and athletic competition in a variety of Olympic-type sports for all 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 friendship with their families, other Special Olympics athletes and the community.

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Evaluation Conclusions

               

Special Olympics Virginia (SOV) meets the 20 Standards for Charity Accountability.
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Programs

               

Special Olympics Virginia hosts nearly 2,000 area and local sports competitions each year, as well as six state-level competitions. Special Olympics also holds numerous fundraisers throughout the state each year, including the Polar Plunge, the Plane Pull and the year-round Law Enforcement Torch Run.

For the fiscal year ended December 31, 2010, SOV's program expenses were:

  
All Program Services 5,910,342
Total Program Expenses: $5,910,342
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Governance

               

Chief Executive : Richard P. Jeffrey, III, President
Compensation*:
 $129,577

Chair of the Board: Donnie Knowlson
Chair's Profession / Business Affiliation: Senior Vice President Sales & Marketing at Virginia Farm Bureau Insurance Services

Board Size: 24

Paid Staff Size: 35

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, telephone, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, cause-related marketing
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $6,904,055, are donations received as a result of fund raising activities.)
SOV incurred joint costs of $566,459 for informational materials and activities that included fund raising materials. Of those costs $282,489 was allocated to program expenses, $283,970 was allocated to fund raising expenses, and $ was allocated to administrative expenses.
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               


Source of Funds  
Contributed services & materials 2,497,057
Telemarketing campaigns 1,141,489
Benefits events (net) 1,040,819
Law Enforcement Torch Run contributions 424,992
Corporate contributions 423,002
Individual contributions 412,287
Direct mail campaigns 288,508
Foundation contributions 244,931
Service club & organization contributions 202,983
Gain on investments 160,905
Affiliated national benefits 118,756
Workplace campaign contributions 109,231
Investment income 92,026
Miscellaneous 2,418
Total Income $7,159,404


chart



Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 11%  Administrative: 3% 

Total income   $7,159,404
  Program expenses $5,910,342
  Fund raising expenses 721,774
  Administrative expenses 208,563
 
Total expenses   $6,840,679
Income in Excess of Expenses   318,725
Beginning net assets   5,581,036
Ending net assets   5,899,761
Total liabilities   210,972
Total assets   $6,110,733


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This report is not to be used for fund raising or promotional purposes.

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