SPECIAL OLYMPICS NORTH CAROLINA INC

EIN: 561149607 501(c)(3)

MORRISVILLE, NC

Total Revenue
$6,015,826
Total Expenses
$6,529,922
Total Assets
$11,703,331
Net Assets
$10,771,897
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NC
Principal Officer
KEITH L FISHBURNE
Phone
9197197662
Tax Period
2023-01-01 to 2023-12-31

SPECIAL OLYMPICS NORTH CAROLINA INC, founded in 1971, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF SPECIAL OLYMPICS IS 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.

Program Service Accomplishments

Program 1
Expenses: $4,676,094

SPECIAL OLYMPICS NORTH CAROLINA, INC. (THE ORGANIZATION OR SONC) IS A NONPROFIT CORPORATION AUTHORIZED AND ACCREDITED BY SPECIAL OLYMPICS, INCORPORATED (SOI). THE ORGANIZATION WAS ESTABLISHED IN 1971...

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SPECIAL OLYMPICS NORTH CAROLINA, INC. (THE ORGANIZATION OR SONC) IS A NONPROFIT CORPORATION AUTHORIZED AND ACCREDITED BY SPECIAL OLYMPICS, INCORPORATED (SOI). THE ORGANIZATION WAS ESTABLISHED IN 1971 TO IMPROVE THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF CITIZENS WITH INTELLECTUAL DISABILITIES THROUGH SUCCESSFUL EXPERIENCES IN SPORTS TRAINING, HEALTH PROGRAMS AND COMPETITIONS. BASED ON INFORMATION COLLECTED FOR THE SPECIAL OLYMPICS 2023 GLOBAL ATHLETE CENSUS, SONC INVOLVED 34,387 ATHLETES AND UNIFIED PARTNERS (THOSE WITHOUT INTELLECTUAL DISABILITIES) THROUGHOUT NORTH CAROLINA IN 20 SPORTS WITH 526 EVENTS SUPPORTED BY 2,326 CERTIFIED COACHES. SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS RESULTED IN ACTIVITIES FOR 17,984 STUDENTS IN 581 SCHOOLS THROUGHOUT THE STATE. IN OUR WORK TO IMPROVE THE HEALTH OF SPECIAL OLYMPICS ATHLETES, 13,182 PARTICIPANTS WERE INVOLVED IN PARTNER UP POWER UP, A MULTI-WEEK HEALTH EDUCATION AND FITNESS PROGRAM DONE AT HOME OR IN THE CLASSROOM.

Program 2
Expenses: $1,034,968 Revenue: $35,865

THE 2023 YEAR WAS ONE OF 95% REENGAGEMENT FOR SPECIAL OLYMPICS NORTH CAROLINA IN TERMS OF THE IMPLEMENTATION OF THE SPECIAL OLYMPICS MISSION BECAUSE OF THE COVID-19 PANDEMIC THAT BEGAN IN NORTH...

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THE 2023 YEAR WAS ONE OF 95% REENGAGEMENT FOR SPECIAL OLYMPICS NORTH CAROLINA IN TERMS OF THE IMPLEMENTATION OF THE SPECIAL OLYMPICS MISSION BECAUSE OF THE COVID-19 PANDEMIC THAT BEGAN IN NORTH CAROLINA IN MARCH 2020. A FEW LOCAL PROGRAMS (COUNTY) SPRING GAMES WERE NOT HELD IN 2023 SIMPLY DUE TO VOLUNTEER LEADERSHIP CHANGES. IN-PERSON TRAININGS AND COMPETITION EVENTS RETURNED TO THE LEVEL OF 2019 PARTICIPATION. SOME ASPECTS OF VIRTUAL OPTIONS CONTINUE WITH SCHOOLS BECAUSE OF THE POPULARITY OF HAVING ONLINE SESSIONS CONDUCTED FOR THE BENEFIT OF STUDENTS THROUGHOUT THE STATE. SEVERAL OUT-OF-STATE SPORTS EVENTS HAD SONC ATHLETES COMPETING IN EVENTS FEATURING SOFTBALL, GOLF, POWERLIFTING, AND BOWLING TO NAME A FEW.

Program 3
Expenses: $133,180

IN A TYPICAL YEAR, SPECIAL OLYMPICS RELIES ON THE ENERGY, EXPERTISE, AND COMMITMENT OF OVER 43,000 VOLUNTEERS EACH YEAR TO CARRY OUT YEAR-ROUND SPORTS TRAINING, COMPETITION, AND HEALTH/WELLNESS...

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IN A TYPICAL YEAR, SPECIAL OLYMPICS RELIES ON THE ENERGY, EXPERTISE, AND COMMITMENT OF OVER 43,000 VOLUNTEERS EACH YEAR TO CARRY OUT YEAR-ROUND SPORTS TRAINING, COMPETITION, AND HEALTH/WELLNESS OPPORTUNITIES FOR NEARLY 40,000 REGISTERED ATHLETES. SPECIAL OLYMPICS RECRUITS VOLUNTEERS OF ALL AGES, BACKGROUNDS, AND AVAILABILITY TO SERVE ROLES THAT INCLUDE EVENT PLANNING, ATHLETE OUTREACH, COORDINATION OF LOGISTICS, SPORT DEVELOPMENT TEAM MEMBERS, RECRUITMENT OF OTHER VOLUNTEERS, UNIFIED CHAMPION SCHOOLS, HEALTH INITIATIVES, AND MUCH MORE. VOLUNTEER COACHES ARE ESSENTIAL TO PROVIDING QUALITY EXPERIENCES FOR PARTICIPATING ATHLETES, AND THROUGH THE SPECIAL OLYMPICS NORTH CAROLINA COACHES' CERTIFICATION PROCESS THESE VOLUNTEERS ARE TRAINED TO MEET THE UNIQUE NEEDS OF PEOPLE WITH INTELLECTUAL DISABILITIES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,476,900
Program Service Revenue $0
Investment Income $271,133
Other Revenue $1,267,793
TOTAL REVENUE $6,015,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,328,288
Fundraising Expenses $389,870
Program Expenses $5,844,242
Other Expenses $4,201,634
TOTAL EXPENSES $6,529,922

Year-over-Year Comparison

2023 2022 Change
Revenue $6,015,826 $6,481,860 -0.1%
Expenses $6,529,922 $5,125,787 +0.3%
Net Income $-514,096 $1,356,073 -1.4%
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
15
Independent Members
15
Employees
43
Volunteers
43000

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
$207,395
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN SMITH VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHIQUANA DANCY CHAIR 1.00
Officer Director
$0 $0 $0
ALLEN OLIVER TREASURER 1.00
Officer Director
$0 $0 $0
JASON ARMSTRONG BOARD MEMBER 1.00
Director
$0 $0 $0
DERAN COE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HEVEY BOARD MEMBER 1.00
Director
$0 $0 $0
RICK LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK CURRAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY MERKL BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE NORDEEN BOARD MEMBER 1.00
Director
$0 $0 $0
GREG TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
JASON ANSON SECRETARY 1.00
Officer Director
$0 $0 $0
ANNIE TANE BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE PACKER BOARD MEMBER 1.00
Director
$0 $0 $0
JIM TRIANDIFLOU BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH L FISHBURNE PRESIDENT/CEO 40.00
Officer
$187,000 $20,395 $207,395
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,015,826 $6,529,922 $11,703,331 $-514,096
2022 $6,481,860 $5,125,787 $11,529,329 $1,356,073
2021 $5,201,297 $3,000,034 $11,145,607 $2,201,263
2020 $3,712,828 $3,052,176 $8,739,212 $660,652
2019 $5,146,781 $4,912,367 $7,438,002 $234,414
2018 $5,116,781 $4,962,878 $6,472,549 $153,903
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