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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.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.

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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: August 3, 2016
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 16,000 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, 2014, Special Olympics Missouri's program expenses were:

Olympic-style Competition and Trainings:$5,529,979
 
Total Program Expenses:$5,529,979

Governance

Chief Executive Officer:Mark C Musso, President/CEO
CEO Compensation:$169,138
Chair of the Board:Phil Cook
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 19% of related contributions. (Related contributions, which totaled $5,736,054, 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, 2014:

Income
 Sponsorships$195,537
  Special Events$2,491,700
  Other Income$176,627
  Contributions$76,441
  Change in Value-Life Insurance$623
  Grants and Trusts$347,203
  Net Assets Released from Restrictions$263,097
  Investment Income$241,849
  In-Kind Contributions$2,241,728
  Direct Marketing$383,445
 Total Income:$6,418,250
 
Expenses  % of total
Expenses
 Programs:$5,529,979 80.70%
 Fund Raising:$1,117,298 16.31%
 Administrative:$204,931 2.99%
 Total Expenses:$6,852,208
 
Excess of Income over Expenses$-433,958
Beginning Net Assets$4,568,822
Ending Net Assets:$5,446,118
Total Assets$5,854,150
Total Liabilities$408,032

Report as of August 26, 2015 11:37
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