Better Business Bureau Report for
Special Olympics Virginia

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires October 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. 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: 1975, 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 (SOVA) 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, 2012, SOVA's program expenses were:

  
Program services 6,826,473
Total Program Expenses: $6,826,473
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Governance

              

Chief Executive : Mr. Richard P. Jeffrey III, President
Compensation*: 

Chair of the Board: John F. "Rick" Meyers, M.D.
Chair's Profession / Business Affiliation: Tuckahoe Orthopaedic Associates

Board Size: 24

Paid Staff Size: 36

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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 8% of related contributions. (Related contributions, which totaled $8,355,053, are donations received as a result of fund raising activities.)
SOVA incurred joint costs of $511,524 for informational materials and activities that included fund raising materials. Of those costs $257,475 was allocated to program expenses and $254,049 was allocated to fund raising expenses.
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Financial

              

The following information is based on SOVA's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Contributed services and materials 3,280,672
Benefit events for Special Olympics Virginia, Inc., net of expenses 1,484,975
Telemarketing campaigns 961,519
Individual contributions 707,109
Corporate contributions 428,636
Law Enforcement Torch Run contributions 426,569
Foundation contributions 358,144
Direct mail campaigns 276,925
Gain (loss) on investments 250,243
Service club and organization contributions 169,776
Affiliated national benefits 168,742
Investment income 108,692
Workplace campaign contributions 91,986
Miscellaneous 1,242
Loss on disposal of property and equipment -168
Total Income $8,715,062


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 9%  Administrative: 3% 

Total income $8,715,062
Program expenses $6,826,473
Fund raising expenses 696,108
Administrative expenses 235,355
Total expenses $7,757,936
Income in Excess of Expenses 957,126
Beginning net assets 6,220,606
Ending net assets 7,177,732
Total liabilities 285,392
Total assets $7,463,124


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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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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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

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