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BBB Reliability Report for

Special Olympics Missouri



This BBB Accredited Charity meets all 20 Standards for Charity Accountability and is a Seal Holder.
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Name: Special Olympics Missouri
Phone: (573) 635-1660
Address: 1001 Diamond Ridge, Suite 800
Jefferson City, MO 65109-1486
Website: www.somo.org
Report Expiration Date: July 28, 2015
Original Business Start Date: January 1971
Principal: Mark Musso, President & CEO
Type of Business: Charity - Human Services (i.e. assistance to individuals & families)
BBB Accreditation: This organization is a BBB Accredited Charity.

Stated Purpose

"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."


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. Special Olympics Missouri meets all voluntary Standards for Charity Accountability.


BBB Charity Seal Participation

Charities that meet the Standards for Charity Accountability are eligible to participate in BBB Wise Giving Alliance Charity Seal program. The seal, which can be displayed on the charity's web site and in printed materials, helps inform the public that the charity meets these standards. This organization participates in this program.


Programs

Through year round sports, Special Olympics Missouri improves the physical fitness and health of individuals with intellectual disabilities. Twenty-one 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 17,000 children and adults with intellectual disabilities participate. Through year round sports, 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 year ended December 31, 2013, Special Olympics Missouri's program expenses were:

Olympic-style Competition and Trainings:$6,843,030
 
Total Program Expenses:$6,843,030

Governance

Chief Executive Officer:Mark C Musso, President/CEO
CEO Compensation:$162,504
Chair of the Board:Randy Reddick
Chair's Profession / Business Affiliation:Shop 'n Save - Retired
Board Size:20
Paid Staff Size:35 Full Time.

Fund Raising

Method(s) Used:print advertisements, radio, invitations to fund raising events, television, grant proposals, direct mail

Fund raising costs were 13% of related contributions. (Related contributions, which totaled $6,542,313 are donations received as a result of fund raising activities.)


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.


Financial

According to Special Olympics Missouri's audited financial statements for the year ended December 31, 2013:

Income
 Sponsorships$167,508
  Special Events$2,251,132
  Other Income$117,823
  Contributions$158,103
  Change in Value-Life Insurance$556
  Grants and Trusts$399,412
  Net Assets Released from Restrictions$173,815
  Investment Income$348,539
  In-Kind Contributions$3,132,461
  Direct Marketing$433,697
 Total Income:$7,183,046
 
Expenses  % of total
Expenses
 Programs:$6,843,030 87.36%
 Fund Raising:$827,596 10.57%
 Administrative:$162,405 2.07%
 Total Expenses:$7,833,031
 
Excess of Income over Expenses$-649,985
Beginning Net Assets$4,480,111
Ending Net Assets:$4,568,822
Total Assets$5,032,904
Total Liabilities$464,082

Report as of March 31, 2015 15:22
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