Overview
What is Somo Endowment Fund Inc?
Somo Endowment Fund Inc, a supporting organization established by Special Olympics Missouri, Inc., is based in Jefferson City, Missouri. Their primary mission is to raise funds for Special Olympics Missouri, enabling them to deliver short-term sports training and athletic competition services to approximately 6,249 athletes across the state. The long-term goal is to establish a sustainable foundation that will continue to support Special Olympics Missouri and its athletes in the future. To achieve this, the organization has significantly expanded its capacity through a state-of-the-art Training for Life Campus (TLC), which opened in 2018. Spanning 16.5 acres, the TLC includes indoor facilities, an outdoor training field, and trail, with plans to add softball, bocce, tennis courts, and a Let's Play Plaza on the remaining nine acres. The Somo Endowment Fund Inc's primary role is to strengthen and support Special Olympics Missouri, Inc., ensuring that their athletes have the resources and opportunities to thrive.
Official website here: www.somo.org
Is Somo Endowment Fund Inc legitimate?
Somo Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somo Endowment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.somo.org
What is the mission statement of Somo Endowment Fund Inc?
The Somo Endowment Fund Inc, established as a supporting organization by Special Olympics Missouri Inc, primarily functions to raise funds on behalf of the latter. This is aimed at helping Special Olympics Missouri Inc meet both short-term objectives, such as providing sports training and athletic competition services to its athletes across the state, and long-term goals, like establishing a sustainable foundation to support the organization and its athletes in the future. Following the establishment of a state-of-the-art Training for Life Campus in Jefferson City, the fund has significantly increased its capacity to serve individuals, attracting more athletes to participate in the program. The campus, which includes indoor facilities, an outdoor training field, and a trail, opened in August 2018, with plans to add softball, bocce, tennis courts, and a LETR plaza on the remaining nine acres.
Official website here: www.somo.org
Who is the CEO of Somo Endowment Fund Inc?
Larry Linthacum is the Board Member - Immediate Past President of Somo Endowment Fund Inc. The CEO's salary of Somo Endowment Fund Inc is $0 and their total compensation is $78,531.
Official website here: www.somo.org
What is the revenue of Somo Endowment Fund Inc?
Somo Endowment Fund Inc's revenue in 2022 was $109,950.
Official website here: www.somo.org
Who are the executives of Somo Endowment Fund Inc and what are their salaries?
Here are 9 key members and their salaries (Somo Endowment Fund Inc's CEO's salary is $0 and their total compensation is $78,531):
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- Related: $91,000
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- Related: $78,531
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Official website here: www.somo.org
Where can I find the form 990 for Somo Endowment Fund Inc?
Somo Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somo.org
Learn more at the official website: www.somo.org
Mission Statement of Somo Endowment Fund Inc
Somo Endowment Fund Inc, a supporting organization established by Special Olympics Missouri, Inc., has a mission to aid its parent organization in achieving its goals. The primary objective of Somo Endowment Fund Inc is to raise funds for Special Olympics Missouri, Inc., enabling them to provide sports training and athletic competition services to their athletes across the state. Beyond meeting short-term objectives, Somo Endowment Fund Inc aims to establish a robust foundation that will support Special Olympics Missouri, Inc., and its athletes in the long term.
To accomplish this, Somo Endowment Fund Inc has significantly expanded the capacity of Special Olympics Missouri, Inc., by constructing a state-of-the-art training facility called the Training for Life Campus (TLC). This 34,000 square-foot campus, located on 16.5 acres in Jefferson City, is strategically situated to serve the needs of the 6,249 Special Olympics Missouri, Inc., athletes and many more who have yet to join the program. The campus, which opened in August 2018, includes indoor facilities and an outdoor training field and trail. The remaining nine acres of the property will eventually include softball, bocce, and tennis courts, as well as a LETR Plaza.
In summary, Somo Endowment Fund Inc serves as a vital supporting organization for Special Olympics Missouri, Inc., providing financial resources to help meet its short-term goals of offering sports training and athletic competition services to its athletes, and setting the stage for a long-term foundation that will continue to support the organization and its athletes in the years to come. The opening of the TLC facility in Jefferson City is a testament to Somo Endowment Fund Inc's commitment to furthering the mission of Special Olympics Missouri, Inc., and ensuring that its athletes have access to the best training facilities and opportunities available.
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Impact
October, 2024
Somo Endowment Fund Inc plays a crucial role in enhancing the capabilities of Special Olympics Missouri, Inc. by raising funds that directly support athletes across the state. The foundation significantly contributes to both the immediate and long-term goals of Special Olympics Missouri, enabling the provision of sports training and competitive opportunities for individuals with intellectual disabilities.
The establishment of the Training for Life Campus (TLC) in Jefferson City marks a transformative development in this mission. With a 34,000 square-foot facility and 16.5 acres of land, the TLC serves as a central hub for over 6,249 athletes, offering state-of-the-art indoor and outdoor training facilities. This investment not only accommodates the current needs of athletes but also aims to engage even more participants who are not yet involved in the program.
By expanding its infrastructure and resources, Somo Endowment Fund Inc ensures that athletes have access to quality training, competition, and recreational activities. The future development plans for additional sports facilities, including softball, bocce, and tennis courts, reflect an ongoing commitment to fostering sportsmanship and inclusion within the community. This dedicated effort creates a lasting impact, empowering athletes and providing them with opportunities to excel in their athletic pursuits.
This information is meant to be a general summary of Somo Endowment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $83
- Gross Receipts: $109,950
Assets and Liabilities:
- Total Assets: $355,036
- Total Liabilities: $1,000
- Net Assets: $354,036
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Organization Details
Founding Year
2005
Phone
(573) 635-1660Principal Officer
Larry Linthacum
Main Address
305 SPECIAL OLYMPICS DRIVE, JEFFERSON CITY, MO, 65101
Website
www.somo.orgNTEE Category
Code: N117 - Recreation
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