Overview
What is Special Olympics Kentucky Inc?
Special Olympics Kentucky Inc, based in Frankfort, Kentucky, is a dedicated nonprofit organization. Its primary focus is to offer year-round sports training and athletic competitions in various Olympic-style sports for children and adults with intellectual disabilities. The organization provides a platform for individuals with these challenges to continually develop physical fitness, demonstrate courage, experience joy, and form valuable relationships with their families, fellow Special Olympics athletes, and the wider community. By offering such opportunities, Special Olympics Kentucky Inc encourages the sharing of gifts, skills, and friendship, ultimately enhancing the lives of those involved. With a team of 28 dedicated individuals, the organization strives to create an inclusive environment where everyone can participate and thrive.
Official website here: www.soky.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Special Olympics Kentucky Inc has achieved a perfect score of 100%, earning it a prestigious Four-Star rating from Charity Navigator. This rating reflects the organization's exceptional performance in accountability and finance, indicating a strong commitment to transparency and effective management of resources.
The nonprofit boasts a fully independent board with 95% independent members and an impressive independent board size of 19. Their financial oversight is robust, with no material diversion of assets and a high program expense ratio of 75.01%, demonstrating a strong focus on using funds for their mission. Additionally, the organization maintains a commendable fundraising efficiency ratio of $0.16, which speaks to their effective cost management.
While the organization shows remarkable strengths, continued vigilance in maintaining these high standards will be crucial as they grow. Overall, Special Olympics Kentucky Inc exemplifies a well-run charity dedicated to its mission of supporting athletes with intellectual disabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Special Olympics Kentucky Inc legitimate?
Special Olympics Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Olympics Kentucky 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: $124,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.soky.org
What is the mission statement of Special Olympics Kentucky Inc?
Special Olympics Kentucky Inc's mission is to offer year-round sports training and competitive events in various Olympic-style sports for children and adults with intellectual disabilities. This organization aims to provide them with ongoing opportunities to enhance physical fitness, display courage, experience joy, and engage in the sharing of talents, skills, and friendships with their families, fellow Special Olympics athletes, and the community. The mission of Special Olympics Kentucky Inc is to create an inclusive environment where these individuals can grow, learn, and form meaningful connections.
Official website here: www.soky.org
Who is the CEO of Special Olympics Kentucky Inc?
Unavailable The CEO's salary of Special Olympics Kentucky Inc is $0 and their total compensation is $0.
Official website here: www.soky.org
What is the revenue of Special Olympics Kentucky Inc?
Special Olympics Kentucky Inc's revenue in 2022 was $4,692,011.
Official website here: www.soky.org
Who are the executives of Special Olympics Kentucky Inc and what are their salaries?
The average compensation at Special Olympics Kentucky Inc during 2022 was $4,449. There are 28 employees and 2967 volunteers at Special Olympics Kentucky Inc.
Here are 27 key members and their salaries (Special Olympics Kentucky Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.soky.org
Where can I find the form 990 for Special Olympics Kentucky Inc?
Special Olympics Kentucky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soky.org
Learn more at the official website: www.soky.org
Mission Statement of Special Olympics Kentucky Inc
Special Olympics Kentucky Inc is dedicated to offering year-round sports training and athletic competitions in a range of Olympic-style sports for children and adults with intellectual disabilities. The organization's mission is to provide them with continuous opportunities to improve their physical fitness, showcase courage, experience joy, and engage in a sharing of skills, gifts, and friendship with their families, fellow Special Olympics athletes, and the wider community. Through these activities, Special Olympics Kentucky Inc aims to empower individuals with intellectual disabilities, offering them a platform to demonstrate their abilities and foster a sense of belonging within their communities.
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Impact
July, 2024
Special Olympics Kentucky Inc has a significant impact by providing year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities. Through these programs, individuals have the opportunity 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.
This information is meant to be a general summary of Special Olympics Kentucky 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: $42,093
- Program Service Revenue: $1,052,613
- Gross Receipts: $5,528,447
Assets and Liabilities:
- Total Assets: $7,488,759
- Total Liabilities: $175,694
- Net Assets: $7,313,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPETITIONS
Revenue
$426,849
SPECIAL PROJECTS
Revenue
$625,764
Organization Details
Founding Year
1974
Phone
(502) 695-8222Main Address
105 LAKEVIEW COURT, FRANKFORT, KY, 40601
Website
www.soky.orgNTEE Category
Code: N72Z - Recreation
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