Special Olympics Virginia Inc

EIN: 541013637 501(c)(3) Recreation & Sports

Richmond, VA

Total Revenue
$8,172,533
Total Expenses
$6,996,915
Total Assets
$18,838,336
Net Assets
$15,997,229
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Phone
8043465544
Tax Period
2024-01-01 to 2024-12-31

Special Olympics Virginia Inc, founded in 1975, is a community nonprofit in the Recreation & Sports sector that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $7.0M left a modest 14% surplus.

Mission

SPECIAL OLYMPICS VIRGINIA, INC. IS A NONSTOCK CORPORATION THAT PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES AT NO COST TO THE ATHLETES OR THEIR FAMILIES. THE ORGANIZATION (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $1,173,016 Revenue: $0

EACH YEAR, SPECIAL OLYMPICS VIRGINIA ATHLETES SHOWCASE THEIR SKILLS AT FIVE SIGNATURE STATE-LEVEL EVENTS: THE XPERIENCE TENNIS CHAMPIONSHIPS, SPEED SKATING CHAMPIONSHIPS, BASKETBALL CHAMPIONSHIPS...

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EACH YEAR, SPECIAL OLYMPICS VIRGINIA ATHLETES SHOWCASE THEIR SKILLS AT FIVE SIGNATURE STATE-LEVEL EVENTS: THE XPERIENCE TENNIS CHAMPIONSHIPS, SPEED SKATING CHAMPIONSHIPS, BASKETBALL CHAMPIONSHIPS, SUMMER GAMES AND FALL CHAMPIONSHIPS. HELD SEASONALLY THROUGHOUT THE YEAR, THESE COMPETITIONS BRING TOGETHER ATHLETES, UNIFIED PARTNERS AND VOLUNTEERS FROM ACROSS THE COMMONWEALTH FOR UNFORGETTABLE MOMENTS OF SPORT AND INCLUSION. OUR LARGEST EVENT, SUMMER GAMES, IS NOTHING SHORT OF LEGENDARY. IN JUNE 2024, MORE THAN 1300 DEDICATED VOLUNTEERS BRAVED THE RICHMOND HEAT TO SUPPORT 1181 ATHLETES AND UNIFIED PARTNERS COMPETING IN SWIMMING, SOFTBALL, TRACK & FIELD, BOWLING AND TENNIS. ADDITIONALLY, DURING THE GAMES, ATHLETES RECEIVED FREE SCREENINGS AND TREATMENT IN VISION, HEARING, DENTAL CARE AND FITNESS, THANKS TO THE HEALTHY ATHLETES PROGRAM. THE COMPETITION YEAR BEGAN IN JANUARY WITH THE XPERIENCE TENNIS CHAMPIONSHIPS AND SPEED SKATING (CONTINUED ON SCHEDULE O)

Program 2
Expenses: $745,089 Revenue: $0

AREA PROGRAMS: SPECIAL OLYMPICS VIRGINIA HAS SUB-DIVIDED THE STATE INTO 32 GEOGRAPHIC AREA PROGRAMS IN ORDER TO REACH AS MANY PEOPLE WITH INTELLECTUAL DISABILITIES AS POSSIBLE. THESE PROGRAMS...

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AREA PROGRAMS: SPECIAL OLYMPICS VIRGINIA HAS SUB-DIVIDED THE STATE INTO 32 GEOGRAPHIC AREA PROGRAMS IN ORDER TO REACH AS MANY PEOPLE WITH INTELLECTUAL DISABILITIES AS POSSIBLE. THESE PROGRAMS GENERALLY CONTAIN SEVERAL CITIES AND COUNTIES. THE VOLUNTEERS IN THESE AREAS RAISE FUNDS FOR THEIR AREA, DECIDE WHAT ACTIVITIES TO OFFER IN THEIR AREA, AND GENERALLY ARE THE GRASSROOTS PROVIDER OF SPECIAL OLYMPICS VIRGINIA SERVICES. THESE EVENTS PROVIDE AN OPPORTUNITY FOR ATHLETES TO DISPLAY THEIR CAPABILITIES AND INSPIRE PEOPLE IN THEIR COMMUNITIES AND ELSEWHERE TO OPEN THEIR HEARTS TO A WIDER WORLD OF HUMAN TALENTS AND POTENTIAL. IN ADDITION, REGULAR PHYSICAL ACTIVITY IS EXTREMELY IMPORTANT TO PEOPLE WITH INTELLECTUAL DISABILITIES, WHO FACE SIGNIFICANT CHALLENGES IN ACCESSING QUALITY HEALTH CARE AND OBTAINING OPPORTUNITIES THAT PROMOTE FITNESS AND WELLNESS, RESULTING IN PRONOUNCED HEALTH DISPARITIES AND REDUCED LIFE EXPECTANCY.

Program 3
Expenses: $506,890 Revenue: $0

SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS (UCS) PROGRAM USES SPORTS TO DEVELOP SCHOOL COMMUNITIES WHERE YOUTH ARE AGENTS OF CHANGE, FOSTERING RESPECT, DIGNITY AND ADVOCACY FOR PEOPLE WITH...

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SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS (UCS) PROGRAM USES SPORTS TO DEVELOP SCHOOL COMMUNITIES WHERE YOUTH ARE AGENTS OF CHANGE, FOSTERING RESPECT, DIGNITY AND ADVOCACY FOR PEOPLE WITH DISABILITIES. IN COLLABORATION WITH SCHOOL SYSTEMS ACROSS VIRGINIA, THE VIRGINIA HIGH SCHOOL LEAGUE AND THE VIRGINIA DEPARTMENT OF EDUCATION, THE GOAL IS TO INSPIRE THE FIRST UNIFIED GENERATION. UCS IS AIMED AT PROMOTING SOCIAL INCLUSION THROUGH INTENTIONALLY PLANNED AND IMPLEMENTED ACTIVITIES AFFECTING SYSTEMS-WIDE CHANGE. WITH SPORTS AS THE FOUNDATION, THE THREE COMPONENT MODEL - INCLUSIVE SPORTS, INCLUSIVE YOUTH LEADERSHIP OPPORTUNITIES, AND WHOLE SCHOOL ENGAGEMENT - OFFERS A UNIQUE COMBINATION OF EFFECTIVE ACTIVITIES THAT EQUIP YOUNG PEOPLE WITH TOOLS AND TRAINING TO CREATE SPORTS, CLASSROOM AND SCHOOL CLIMATES OF ACCEPTANCE. THESE ARE SCHOOL CLIMATES WHERE STUDENTS WITH DISABILITIES FEEL WELCOME AND ARE ROUTINELY INCLUDED IN, AND FEEL A PART OF, ALL ACTIVITIES, OPPORTUNITIES AND FUNCTIONS. IN VIRGINIA, WE HAVE 555 ENGAGED SCHOOLS IN 59 JURISDICTIONS, AND 17,500 YOUTH INVOLVED IN UNIFIED SPORTS PROGRAMMING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,971,554
Program Service Revenue $0
Investment Income $629,883
Other Revenue $-428,904
TOTAL REVENUE $8,172,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,306,064
Fundraising Expenses $755,329
Program Expenses $5,730,873
Other Expenses $3,690,851
TOTAL EXPENSES $6,996,915

Year-over-Year Comparison

2024 2023 Change
Revenue $8,172,533 $6,408,163 +0.3%
Expenses $6,996,915 $6,012,391 +0.2%
Net Income $1,175,618 $395,772 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
43
Volunteers
7000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$201,620
Total Directors
20
$201,620
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID E THOMASON OFFICER - PRESIDENT & CEO 40.0
Officer Director
$179,191 $22,429 $201,620
DR JOY CAVAGNARO OFFICER - PAST CHAIR 1.0
Officer Director
$0 $0 $0
ELLIOT ELIADES OFFICER - SECRETARY 1.0
Officer Director
$0 $0 $0
KELLY MORTENSEN OFFICER - TREASURER 1.0
Officer Director
$0 $0 $0
MICHAEL SAXON OFFICER - CHAIR 1.0
Officer Director
$0 $0 $0
AMY WOLFE DIRECTOR 1.0
Director
$0 $0 $0
ANDREA MANN DIRECTOR 1.0
Director
$0 $0 $0
BILL BODDIE JR DIRECTOR 1.0
Director
$0 $0 $0
BRIGID KLEIN DIRECTOR 1.0
Director
$0 $0 $0
CAPT JILL MILLS DIRECTOR 1.0
Director
$0 $0 $0
CHELSEA GAUGHRAN DIRECTOR 1.0
Director
$0 $0 $0
CHRIS HALL DIRECTOR 1.0
Director
$0 $0 $0
DANNY MEYER DIRECTOR 1.0
Director
$0 $0 $0
DR MARCELLE DAVIS DIRECTOR 1.0
Director
$0 $0 $0
JIM KUZNAR DIRECTOR 1.0
Director
$0 $0 $0
JOEL MARTIN DIRECTOR 1.0
Director
$0 $0 $0
MARC A TATE DIRECTOR 1.0
Director
$0 $0 $0
OLGA WOLTMAN DIRECTOR 1.0
Director
$0 $0 $0
RICK PALMIERI DIRECTOR 1.0
Director
$0 $0 $0
SHER DAVID DECATUR DIRECTOR 1.0
Director
$0 $0 $0
DAVE PAWLOWSKI VP - SPORTS, FITNESS & HEALTH 40.0
Highest
$117,536 $9,557 $127,093
HOLLY CLAYTOR VICE PRESIDENT, DEVELOPMENT AND COMMUNICATIONS 40.0
Highest
$110,439 $9,057 $119,496
KIM D'ERRICO VP - FINANCE & ADMINISTRATION 40.0
Highest
$126,300 $10,994 $137,294
ROY ZEIDMAN SENIOR VP - MARKETING & DEVELOPMENT 40.0
Highest
$158,913 $20,807 $179,720
VAL REINFORD VP - LOCAL PROGRAM SERVICES 40.0
Highest
$108,428 $9,057 $117,485
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,172,533 $6,996,915 $18,838,336 $1,175,618
2023 $6,408,163 $6,012,391 $16,696,692 $395,772
2022 $6,911,807 $5,390,369 $15,848,620 $1,521,438
2021 $5,499,279 $4,162,524 $13,473,653 $1,336,755
2020 $4,833,027 $3,960,234 $11,537,224 $872,793
2019 $5,325,648 $4,918,879 $10,497,130 $406,769
2018 $5,164,883 $4,788,952 $9,405,036 $375,931
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