Special Olympics Inc

“Timothy p shriver, director and chairman, and bobby shriver, director and mark shriver, director have a family relationship.”

“The special olympics federal form 990 is prepared by an external firm, rsm, and reviewed internally by senior management. After which, it is submitted by the chief financial officer and chief legal officer to the board of directors' audit and risk committee for review and approval. The final federal form 990 is sent to each board member by email prior to filing with the internal revenue service.”

“Special olympics' conflict of interest policy applies to all special olympics directors, officers, and employees and requires the avoidance of the appearance of a conflict as well as actual conflicts. Potential or actual conflicts are dealt with according to whether the conflict involves a director or ceo (in which case the matter is submitted to the board of directors) or involves another officer or employee (in which case the matter is submitted to the ceo). Violations may result in sanctions up to termination. Each spring, special olympics asks each officer, director, trustee, and key employee to complete and sign a questionnaire that includes a copy of the special olympics conflict of interest policy, an acknowledgment that the recipient has read the policy, confirmation that the recipient complied with the policy during the preceding year and up to the date of completing the questionnaire, a statement that the recipient has no conflicts to report or has reported them on the questionnaire, and an undertaking to promptly advise the ceo of special olympics upon becoming aware of any conflict. No special olympics director, officer, or employee who has a conflict of interest may vote or otherwise participate in any final deliberation or decision on behalf of special olympics regarding any contract, transaction, or other matter in which the director, officer, or employee has a conflict.”

“Special olympics' bylaws provide that the board of directors compensation committee shall, subject to approval of the board of directors, annually review, set, and document the reasonableness of the total compensation (including benefits and deferred compensation) for the chair (if compensated) and the chief executive officer, and review, approve, and document the total compensation (including benefits and deferred compensation) for the senior executives who report directly to the chief executive officer. At least once every two years, the compensation committee presents to the board of directors a written evaluation of the chief executive officer's performance. No member of the board of directors who receives compensation from special olympics serves on the compensation committee. In 2023, compensation of the chief executive office and each position reporting to the chief executive officer was reviewed and approved by the compensation committee based on 2022 performance. Positions currently reporting to the chief executive officer are: chief legal officer, chief financial officer, chief information & technology officer, chief health officer, chief of health operations, chief human resources officer, senior vp of leadership and organizational development, chief of government relations, chief of communications, development & marketing, chief of regional & program operations, chief of games & competition, and chief of global youth & education. Special olympics international's compensation committee uses a market analysis of the compensation and benefits packages provided to executives of comparable organizations. This review is used as benchmarking information for determining the market value of positions.”

“Special olympics makes its articles of incorporation, bylaws, general rules, and conflict of interest policy documents available to the public on its website at www.specialolympics.org and upon request for the same period of disclosure as set forth in section 6104(d).”

“Special olympics has accredited programs in the united states and many foreign countries. These are separate entities with boards of directors and management teams. Special olympics' control over these entities is indirect in that regard. Special olympics exerts influence over the activities of these entities in terms of the general rules, compliance with which is required for accreditation and via grant agreements for funds sent to these entities.”

“Foreign currency translation -209,338.”