Overview
What is Special Olympics Entertainment Corporation?
Special Olympics Entertainment Corporation (SOEC) is a subsidiary of the charity, Special Olympics, Inc., situated in Washington, D.C. The primary role of SOEC is to support and serve its parent organization, with a focus on celebrating the World Games, marking SOI's 50th anniversary, and promoting inclusion. In celebration of these milestones, SOEC is planning to produce a documentary that highlights these themes. Anticipating profits from the distribution of this documentary, SOEC intends to distribute dividends to the charity, which will further contribute to funding grants for SOI and other initiatives aligned with its mission. SOEC's purpose is to solely benefit Special Olympics, Inc., by supporting, performing services, and continually operating for its advantage.
Is Special Olympics Entertainment Corporation legitimate?
Special Olympics Entertainment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Olympics Entertainment Corporation 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
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What is the mission statement of Special Olympics Entertainment Corporation?
The Special Olympics Entertainment Corporation's mission is primarily focused on supporting and providing services for Special Olympics, Inc. This corporation operates exclusively for the benefit of the main organization. In celebration of Special Olympics' 50th anniversary and the theme of inclusion, the corporation is producing a documentary about these topics. The documentary serves as a record of the World Games and its participants. It is anticipated that the corporation will earn royalties from the distribution of this documentary, which will then be used to pay dividends to the charity, if profits allow. The charity, in turn, utilizes these dividends to make grants to Special Olympics and to make expenditures in support of activities furthering Special Olympics' exempt purposes.
Who is the CEO of Special Olympics Entertainment Corporation?
Timothy Shriver Phd is the President/Director of Special Olympics Entertainment Corporation.
What is the revenue of Special Olympics Entertainment Corporation?
Special Olympics Entertainment Corporation's revenue in 2022 was $0.
Who are the executives of Special Olympics Entertainment Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $180,508
- Other: $23,327
Where can I find the form 990 for Special Olympics Entertainment Corporation?
Special Olympics Entertainment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Special Olympics Entertainment Corporation
Special Olympics Entertainment Corporation (SOEC) is dedicated to supporting, serving, and operating exclusively for the benefit of Special Olympics, Inc. This nonprofit organization has a mission to contribute to the celebrations and initiatives of Special Olympics. In honor of the World Games' 50th anniversary and the theme of inclusion, SOEC is producing a documentary that will serve as a record of the event and its participants. The documentary's primary purpose is to showcase the World Games and its participants. It is anticipated that SOEC will generate royalties from the distribution of this documentary. Consequently, SOEC will distribute dividends, to the extent of its profits, to Special Olympics, Inc. These profits will then be utilized by the charity to make grants to Special Olympics and to support activities that align with its exempt purposes.
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Impact
October, 2024
Special Olympics Entertainment Corporation (SOEC) has a profound impact on the celebration and promotion of inclusion through various initiatives that support Special Olympics, Inc. Its efforts are particularly highlighted by the production of a documentary commemorating the World Games and the 50th anniversary of Special Olympics. This documentary aims to serve as a historical record of the Games and its participants, showcasing the power of sports in fostering acceptance and celebration of diversity.
By creating compelling content around these significant milestones, SOEC not only amplifies the voices of athletes but also raises awareness about the importance of inclusion. The anticipated royalties from the documentary’s distribution create a sustainable revenue stream, allowing SOEC to contribute dividends to Special Olympics, Inc. This financial support plays a vital role in funding programs and activities that align with the mission of promoting respect and dignity for individuals with intellectual disabilities.
Through its initiatives, SOEC underscores the value of recreational activities in enhancing community engagement and fostering a supportive environment for athletes, ultimately leading to a more inclusive society.
This information is meant to be a general summary of Special Olympics Entertainment Corporation. 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.
Assets and Liabilities:
- Total Assets: $785,469
- Total Liabilities: $0
- Net Assets: $785,469
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Organization Details
Founding Year
2019
Phone
(202) 824-0228Principal Officer
Timothy Shriver Phd
Main Address
2600 VIRGINIA AVE NW, WASHINGTON, DC, 20037
NTEE Category
Code: N12 - Recreation
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