Maine Special Olympics

“Area accreditation is reviewed and approved by special olympics of maine board of directors. Each area is required to maintain a committee made up of the following members: area/county coordinator, treasurer, fundraising chairperson, public education chairperson, volunteer chairperson, training coordinator, games chairperson. Area committees are responsible for reporting financial information monthly to the state office.”

“Form 990 is reviewed by the finance committee, which reports to the board any concerns or findings noted during the review process.”

“It is the policy of the board that the existence of any of the interests described in the policy shall be disclosed on a timely basis and always before any transaction is consummated. It shall be the continuing responsibility of board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures.”

“The executive committee does an annual evaluation of the ceo; salary is based on the outcome of the evaluation and national salary surveys.”

“The governing documents of special olympics maine are made available upon request.”

“In-kind contributions recorded in the audited financial statements in accordance with gaap for not-for-profit organizations consist of medical services, and use of facilities, lodging, food and other items. The total of such contributions amounted to 542,067 and all, except 78,225, was allocated to program service expense. Per irs regulations these amounts have not been reported on the organizations form 990.”

“Special olympics maine conducts several state level competitions annually in 22 olympic-style sports. Among these are summer and winter games, which are 3-day, 2-night events hosting 1,500 and 500 athletes respectively - regional soccer and basketball events (6 total), equestrian, aquatics, bocce, motor activities, golf, and tennis competitions in various locations around the state. On an annual basis, our program serves over 4,000 different athletes. In addition, there are more than 45 competitive events offered at the local or area level. Our program also offers a statewide comprehensive "coaches education system" to train volunteer coaches and event volunteers, who in turn, train our athletes in the many sports we offer. 2020 season post winter games was cacneled due to covid-19 restrictions.”

“Raffle prize 27,310 cost of goods sold 6,199 direct fundraise event costs 11,012 raffle prize -27,310 cost of goods sold -6,199 direct fundraise event cost -11,012 depreciation book/tax -815 total -815”