Better Business Bureau Report for
Special Olympics Missouri, Inc.

Better Business Bureau Report issued December 2011
Better Business Bureau Report expires December 2012


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 Missouri, Inc.
Address: 1001 Diamond Ridge, Suite 800
  Jefferson City, MO 65109
Phone: 573-635-1660
Web Address: www.somo.org
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Better Business Bureau Comments

Year, State Incorporated: 1971, Missouri
Affiliates: SOMO Endowment Fund, Inc.
Stated Purpose: "exists 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."

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Evaluation Conclusions

               

Special Olympics Missouri, Inc. (SOMO) meets the 20 Standards for Charity Accountability.
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Programs

               

Through year round sports, Special Olympics Missouri improves the physical fitness and health of individuals with intellectual disabilities.•21 Olympic-type sports offered, divisioned by age and ability-Athletes train for a sport for 8 weeks prior to a competition.•Competition on local, area, district, state, national and international levels.•More than 15,000 children and adults with intellectual disabilities participate. Through year round sports, its athletes gain the confidence to succeed in school, work and in their communities.•Self confidence has increased in 87% of athlete survey respondents.*•Job performance has stayed the same or increased in 92% of athlete survey respondents.`•More than half of the athletes have jobs, compared to only 10% of the population with mental disabilities who are not in Special Olympics—•Platform for building communities of acceptance and respect through the joy of sports.

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

  
Olympic-style Competition and Trainings 5,312,991
Total Program Expenses: $5,312,991
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Governance

               

Chief Executive : Mark C Musso, President/CEO
Compensation*:
 $129,454

Chair of the Board: Randy Boehm
Chair's Profession / Business Affiliation: University of Missouri Health Care

Board Size: 20

Paid Staff Size: 27

*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, invitations to fund raising events, print advertisements, television, radio, grant proposals
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $6,433,608, are donations received as a result of fund raising activities.)
SOMO incurred joint costs of $255,597 for informational materials and activities that included fund raising materials. Of those costs $108,166 was allocated to program expenses, $147,431 was allocated to fund raising 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

               

The following information is based on SOMO's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
In-Kind Contributions 2,795,078
Special Events 1,925,773
Direct Marketing 727,750
Contributions 452,943
Grants and Trusts 379,851
Pledges Released from Restrictions 226,124
Other Income 219,729
Investment Income 154,185
Sponsorships 152,213
Gain on Sale of Asset 3,653
Change in Value-Life Insurance 938
Total Income $7,038,237


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Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 16%  Administrative: 3% 

Total income   $7,038,237
  Program expenses $5,312,991
  Fund raising expenses 1,057,155
  Administrative expenses 197,588
 
Total expenses   $6,567,734
Income in Excess of Expenses   470,503
Beginning net assets   2,651,626
Ending net assets   3,082,940
Total liabilities   769,321
Total assets   $3,852,261


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