Special Olympics Hawaii Inc

“The form 990 is reviewed by the treasurer and ceo prior to finalization, and subsequently provided to all board members prior to filing.”

“It is monitored through regular meetings of the board of directors, and reviewed by the executive committee of the board on a quarterly basis.”

“Compensation of the president and ceo is reviewed by the executive committee of the board, who utilizes criteria within their own companies, as well as information collected from an independent survey done every two years by the national association of special olympics professionals, which is a salary survey of all 51 us programs, collected and compiled by an independent non-special olympics global management consulting firm, the hay group in philadelphia.”

“Compensation of other key employees is reviewed by the president and ceo, who utilizes information from the above-named salary survey as well as performance, and the funds available for salary increases.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public in its annual report guidestar.org and upon request.”

“In 2021, special olympics hawaii continued to be impacted by covid-19. We continued to provide virtual programming and competitions throughout 2021. When restrictions lifted, we took advantage of the opportunities and held in person practices and events as well as local competitions. We held a one day bocce festival in july 2021 and a comeback games on december 4th at our new site with bocce and swimming. These two in person competition opportunities were critical for our community who have been impacted by the lack of in person team activities and training, and socialization. Many athletes and families were still hesitant to travel and were cautious about the return to group activities. In person fund raising events were smaller and in some cases cancelled.”

“Donated services -141,267 prior year restatement -193,394 total -334,661 the organization restated its previously issued financial statements as of and for the year ended december 31, 2020 to reflect a change in the application of contribution recognition principles to certain grants received from special olympics, inc. And county governments. Accounting principles generally accepted in the united states of america require not-for-profit organizations to determine whether a contribution contains donor-imposed conditions or donor-imposed restrictions. In connection with a review of its revenues and support, management has determined certain stipulations constitute barriers which management believes are more accurately accounted for as donor-imposed conditions rather than donor-imposed restrictions. As a result, management elected to restate its statement of financial position as of december 31, 2020 and its statements of activities and cash flows for the year then ended. The effect was a reduction in net assets as of december 31, 2020 of 193,394.”