Charity ReviewIssued: May 2014 Expires: May 2016
Special Olympics Virginia
Standards for Charity Accountability
Special Olympics Virginia meets the 20 Standards for Charity Accountability.
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.
Incorporated: 1975 in VA
Also Known As: SOVA
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
CEO: Mr. Richard P. Jeffrey III, President
Board Chair: Mr. John A. Denison Business Affiliation: GrayCo, Inc
Board Size: 24
% of Related Contributions on Fundraising: 8.33%
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.
The following information is based on Special Olympics Virginia Audited Financial Statements for the fiscal year ending Monday, December 31, 2012.
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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