Civic Intelligence

Special Olympics North Carolina Inc

EIN 56-1149607 • 501(c)3 • Morrisville, NC

View Organization Page

Profile

The mission of special olympics is to provide year-round sports training and athletic competition in a variety of olympic-type sports for children and adults with intellectual disabilities, giving them continuing opportunities 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.

2200 Gateway Centre Blvd 201Morrisville, NC 27560

www.sonc.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.11x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

28th percentile

-2.9%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$211,314

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

35th percentile

0.3%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$11,734,404

Up $31,073 (+0.3%) from 2023

Liabilities

Down

$758,861

Down $172,573 (-19%) from 2023

Net Assets

Up

$10,975,543

Up $203,646 (+1.9%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin28th percentile

Revenue

Up

$6,909,234

Up $893,408 (+15%) from 2023

Expenses

Up

$7,107,898

Up $577,976 (+8.9%) from 2023

Net Income

Up

-$198,664

Up $315,432 (+61%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $4,420,820Liabilities 2011: $249,708Net Assets 2011: $4,171,1122011Assets 2012: $5,121,993Liabilities 2012: $304,714Net Assets 2012: $4,817,2792012Assets 2013: $5,598,551Liabilities 2013: $306,305Net Assets 2013: $5,292,2462013Assets 2014: $5,765,118Liabilities 2014: $306,765Net Assets 2014: $5,458,3532014Assets 2015: $5,716,473Liabilities 2015: $315,870Net Assets 2015: $5,400,6032015Assets 2016: $6,399,437Liabilities 2016: $438,298Net Assets 2016: $5,961,1392016Assets 2017: $6,883,222Liabilities 2017: $473,348Net Assets 2017: $6,409,8742017Assets 2018: $6,472,549Liabilities 2018: $472,030Net Assets 2018: $6,000,5192018Assets 2019: $7,438,002Liabilities 2019: $446,333Net Assets 2019: $6,991,6692019Assets 2020: $8,739,212Liabilities 2020: $290,598Net Assets 2020: $8,448,6142020Assets 2021: $11,145,607Liabilities 2021: $313,361Net Assets 2021: $10,832,2462021Assets 2022: $11,529,329Liabilities 2022: $844,844Net Assets 2022: $10,684,4852022Assets 2023: $11,703,331Liabilities 2023: $931,434Net Assets 2023: $10,771,8972023Assets 2024: $11,734,404Liabilities 2024: $758,861Net Assets 2024: $10,975,5432024

Highlighted filing

2024

Assets$11,734,404
Liabilities$758,861
Net Assets$10,975,543
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,498,991Expenses 2011: $4,262,446Net Income 2011: $236,5452011Revenue 2012: $4,837,189Expenses 2012: $4,260,303Net Income 2012: $576,8862012Revenue 2013: $4,500,307Expenses 2013: $4,296,064Net Income 2013: $204,2432013Revenue 2014: $4,609,288Expenses 2014: $4,395,006Net Income 2014: $214,2822014Revenue 2015: $4,826,304Expenses 2015: $4,566,270Net Income 2015: $260,0342015Revenue 2016: $4,898,357Expenses 2016: $4,509,509Net Income 2016: $388,8482016Revenue 2017: $4,690,854Expenses 2017: $4,726,674Net Income 2017: -$35,8202017Revenue 2018: $5,116,781Expenses 2018: $4,962,878Net Income 2018: $153,9032018Revenue 2019: $5,146,781Expenses 2019: $4,912,367Net Income 2019: $234,4142019Revenue 2020: $3,712,828Expenses 2020: $3,052,176Net Income 2020: $660,6522020Revenue 2021: $5,201,297Expenses 2021: $3,000,034Net Income 2021: $2,201,2632021Revenue 2022: $6,481,860Expenses 2022: $5,125,787Net Income 2022: $1,356,0732022Revenue 2023: $6,015,826Expenses 2023: $6,529,922Net Income 2023: -$514,0962023Revenue 2024: $6,909,234Expenses 2024: $7,107,898Net Income 2024: -$198,6642024

Highlighted filing

2024

Revenue$6,909,234
Expenses$7,107,898
Net Income-$198,664
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,734,404
Liabilities
$758,861
Net assets
$10,975,543
Revenue
$6,909,234
Expenses
$7,107,898
Net income
-$198,664
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.7$0.76$11.0$6.91$7.11$0.20
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.93$10.8$6.02$6.53$0.51
2022Detailed filing. Detailed filing data is available for this year.$11.5$0.84$10.7$6.48$5.13$1.36
2021Detailed filing. Detailed filing data is available for this year.$11.1$0.31$10.8$5.20$3.00$2.20
2020Detailed filing. Detailed filing data is available for this year.$8.74$0.29$8.45$3.71$3.05$0.66
2019Detailed filing. Detailed filing data is available for this year.$7.44$0.45$6.99$5.15$4.91$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.47$0.47$6.00$5.12$4.96$0.15
2017Detailed filing. Detailed filing data is available for this year.$6.88$0.47$6.41$4.69$4.73$0.04
2016Detailed filing. Detailed filing data is available for this year.$6.40$0.44$5.96$4.90$4.51$0.39
2015Summary only. Only limited summary data is available for this year.$5.72$0.32$5.40$4.83$4.57$0.26
2014Summary only. Only limited summary data is available for this year.$5.77$0.31$5.46$4.61$4.40$0.21
2013Summary only. Only limited summary data is available for this year.$5.60$0.31$5.29$4.50$4.30$0.20
2012Summary only. Only limited summary data is available for this year.$5.12$0.30$4.82$4.84$4.26$0.58
2011Summary only. Only limited summary data is available for this year.$4.42$0.25$4.17$4.50$4.26$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$8,040,235
Mission and Program Overview

Mission

The mission of special olympics is to provide year-round sports training and athletic competition in a variety of olympic-type sports for children and adults with intellectual disabilities, giving them continuing opportunities 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.

Special olympics aims to combine high quality sports with a wide audience, and be a driving force for social inclusion of people with intellectual disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,404,635$7,034,169▲ $629,534
Cash and Non-Interest-Bearing Accounts$3,498,616$3,463,448▼ $35,168
Savings and Temporary Cash Investments$249,190$275,234▲ $26,044
Pledges and Grants Receivable$595,055$167,523▼ $427,532
Accounts Receivable$267,017$152,345▼ $114,672
Land, Buildings, and Equipment, Net$130,014$142,817▲ $12,803
Inventories for Sale or Use$43,676$73,783▲ $30,107
Prepaid Expenses and Deferred Charges$52,702$71,471▲ $18,769
Total Assets$11,703,331$11,734,404▲ $31,073
Other Assets Total$462,426$353,614▼ $108,812
Liabilities
Accounts Payable and Accrued Expenses$407,167$410,622▲ $3,455
Mortgage Notes Payable Secured by Investment Property$524,267$348,239▼ $176,028
Total Liabilities$931,434$758,861▼ $172,573
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,235,897$10,607,725▲ $371,828
Net Assets With Donor Restrictions$536,000$367,818▼ $168,182
Total Net Assets Fund Balance$10,771,897$10,975,543▲ $203,646
Total Liabilities and Net Assets / Fund Balance$11,703,331$11,734,404▲ $31,073

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$139,812$254,321$394,133
Leasehold Improvements$3,005$26,725$29,730
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith L FishburnePresident/CEOFT$190,596$20,718$211,314

Board Members and Trustees

NameTitle
Chiquana DancyChair
Ken SmithVice Chair
Annie TaneBoard Member
Deran CoeBoard Member
Dr Tim TaftBoard Member
Ellen CarrollBoard Member
Greg TaylorBoard Member
Jason AnsonBoard Member
Jason ArmstongBoard Member
Jim TriandiflouBoard Member
Katie NordeenBoard Member
Leslie PackerBoard Member
Lewis McleanBoard Member
Mark CurranBoard Member
Perry FlynnBoard Member
Phil GruberBoard Member
Rick LewisBoard Member
Kelly MerklSecretary
Allen OliverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,794,731
Program Service Revenue
$0
Investment Income
$379,197
Other Revenue
$1,735,306
All Other Contributions
$2,609,188
Change in Net Assets
$-198,664

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory153$132,644Market Value Per Vendor
Other Non Cash Contri Table87$43,785Market Value Per Ven
Other Non Cash Contri Table9$32,316Market Value Per Ven
Other Non Cash Contri Table44$26,409Market Value Per Ven
Other Non Cash Contri Table4$9,078Market Value Per Ven
Other Non Cash Contri Table10$7,892Market Value Per Ven
Other Non Cash Contri Table1$3,762Market Value Per Ven
Other Non Cash Contri Table4$1,750Market Value Per Ven
Other Non Cash Contri Table1$300Market Value Per Ven
Total Noncash Contributions313$257,936-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,866,916
Revenue Not Reported on Financial Statements
$42,318
Revenue Not Reported on Form 990
$2,886,327
Total Revenue per Audited Statements
$9,753,243
Total Revenue per Form 990
$6,909,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,540,777
Salaries, Compensation, and Employee Benefits$2,567,121
Total Fundraising Expense$396,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,586,436$194,011$183,942$1,964,389
Occupancy$595,109$14,528$3,231$612,868
Travel$354,506$997$4,627$360,130
Office Expenses$304,990$13,210$6,125$324,325
Current Officers, Directors, Trustees, and Key Employees$63,394$21,131$126,788$211,313
Other Employee Benefits$142,285$25,235$17,329$184,849
Payroll Taxes$124,165$16,098$22,537$162,800
Fees for Services Other$127,872$5,846$8,184$141,902
Insurance$124,953--$124,953
All Other Expenses$108,537$3,397$550$112,484
Other Expenses$97,604$76$1,536$97,604
Fees for Services Accounting-$68,875-$68,875
Advertising$63,276-$4,340$67,616
Information Technology$46,204$4,476$6,267$56,947
Depreciation Depletion$44,725--$44,725
Pension Plan Contributions$30,620$6,575$6,575$43,770
Fees for Service Investment Mgmnt Fees-$42,318-$42,318
Fees for Services Lobbying$5,039$741$25$5,805
Conferences and Meetings$4,135--$4,135
Interest$2,435--$2,435
Total Functional Expenses$6,292,135$419,128$396,635$7,107,898

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,549,597
Total Expenses per Form 990$7,107,898
Expenses per Audited Statements$7,065,580
Expenses Not Reported on Form 990$2,484,017
Expenses Not Reported on Financial Statements$42,318
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,409,667
Fundraising Direct Expenses$755,881
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Torch Run$1,846,941$1,396,941$402,212$994,729
Over the Edge$184,266$148,266$25,097$123,169
Total Events$2,970,667$2,409,667$755,881$1,653,786
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board of directors will review the form 990 during the organization's board meeting. In addition, their cpa will be present to answer any questions.”

Form 990, Part VI, Section B, Line 12C

“Sonc implements an annual review of conflict of interest among employees and members of its governing board. Each board and staff member completes a form detailing any related party interests or potential conflicts of interest. Related party transactions are disclosed appropriately.”

Form 990, Part VI, Section B, Line 15A

“The governing board for sonc authorizes the compensation for the organization's president/ceo. The board uses comparative data, generally among nonprofits and specifically among special olympics organizations throughout the country, to determine the appropriate range. Other factors include performance, tenure, and available funding. The organization does not have any other officers or key employees that are compensated.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, annual audited financial statements, and form 990 are made available to the public through access on the organization's website at www.sonc.net. These items are also available upon request, in person, and/or by mail. The organization's governing documents, conflicts of interest policy, and financial statements are also accessible at www.charitynavigator.org. The current form 990 is accessible at or through www.guidestar.org and www.charitynavigator.org.”

Filing and Contact Details

Filer

Filer Name
Special Olympics North Carolina Inc
EIN
56-1149607
Phone
9197197662
Address
2200 GATEWAY CENTRE BLVD 201, MORRISVILLE, NC 27560

Signing Officer

Name
Keith L Fishburne
Title
President/CEO
Phone
9197197662
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith L Fishburne
Formed
1971
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
50
Volunteers
20,000

Preparer

Firm
Mpcompany Llp
Address
4600 MARRIOTT DRIVE SUITE 300, RALEIGH, NC 27612
Preparer
Martha Register-futrell
Phone
9198369200
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 46,711. Direct fundraising costs 755,881.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 46,711. Direct fundraising expenses 755,881.”

Raw XML AppendixShowing 400 of 695 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0SPECIAL OLYMPICS NORTH CAROLINA, INC. (THE ORGANIZATION OR SONC) IS A NONPROFIT CORPORATION AUTHORIZED AND ACCREDITED BY SPECIAL OLYMPICS, INCORPORATED (SOI). THE ORGANIZATION WAS ESTABLISHED IN 1971 TO IMPROVE THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL DEVELOPMENT OF CITIZENS WITH INTELLECTUAL DISABILITIES THROUGH SUCCESSFUL EXPERIENCES IN SPORTS TRAINING, HEALTH PROGRAMS AND COMPETITIONS BASED ON INFORMATION COLLECTED FOR THE SPECIAL OLYMPICS 2024 GLOBAL ATHLETE CENSUS, SONC INVOLVED 52,591 ATHLETES AND UNIFIED PARTNERS (THOSE WITHOUT INTELLECTUAL DISABILITIES) THROUGHOUT NORTH CAROLINA IN 20 SPORTS WITH 641 EVENTS SUPPORTED BY 1337 COACHES. SPECIAL OLYMPICS UNIFIED CHAMPION SCHOOLS RESULTED IN ACTIVITIES FOR 32,304 STUDENTS IN 535 SCHOOLS THROUGHOUT THE STATE. IN SONC'S WORK TO IMPROVE THE HEALTH OF SPECIAL OLYMPICS ATHLETES, 15,894 PARTICIPANTS WERE INVOLVED IN SO GOOD, A MULTI-WEEK HEALTH EDUCATION AND FITNESS PROGRAM DONE AT HOME OR IN THE CLASSROOM.
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IRS990/Form990PartVIISectionAGrp/PersonNm1CHIQUANA DANCY
IRS990/Form990PartVIISectionAGrp/PersonNm2ALLEN OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm3ANNIE TANE
IRS990/Form990PartVIISectionAGrp/PersonNm4DERAN COE
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON ARMSTONG
IRS990/Form990PartVIISectionAGrp/PersonNm6RICK LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK CURRAN
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLY MERKL
IRS990/Form990PartVIISectionAGrp/PersonNm9KATIE NORDEEN
IRS990/Form990PartVIISectionAGrp/PersonNm10GREG TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm11JASON ANSON
IRS990/Form990PartVIISectionAGrp/PersonNm12LESLIE PACKER
IRS990/Form990PartVIISectionAGrp/PersonNm13DR TIM TAFT
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM TRIANDIFLOU
IRS990/Form990PartVIISectionAGrp/PersonNm15LEWIS MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm16PHIL GRUBER
IRS990/Form990PartVIISectionAGrp/PersonNm17PERRY FLYNN
IRS990/Form990PartVIISectionAGrp/PersonNm18ELLEN CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm19KEITH L FISHBURNE
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IRS990/MissionDesc0THE MISSION OF SPECIAL OLYMPICS IS TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES 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.
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IRS990/OtherExpensesGrp/Desc0HOUSING, MEALS, AND ENT
IRS990/OtherExpensesGrp/Desc1UNIFORMS AND EQUIPMENT
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IRS990/PrincipalOfficerNm0KEITH L FISHBURNE
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IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL OLYMPICS NORTH CAROLINA EXPERIENCED A STRONG RETURN TO IN-PERSON ACTIVITIES, REFLECTING A RENEWED COMMITMENT TO ITS MISSION FOLLOWING THE CHALLENGES OF THE PANDEMIC. MOST LOCAL PROGRAMS SUCCESSFULLY HELD SPRING GAMES, WITH A FEW EXCEPTIONS DUE TO CHANGES IN VOLUNTEER LEADERSHIP. ATHLETE PARTICIPATION IN TRAINING AND COMPETITION HAS RETURNED TO PRE-PANDEMIC LEVELS, AND VIRTUAL OPTIONS CONTINUE TO BE EMBRACED BY SCHOOLS ACROSS THE STATE, OFFERING GREATER ACCESSIBILITY AND ENGAGEMENT. ADDITIONALLY, ATHLETES REPRESENTED THE STATE IN VARIOUS OUT-OF-STATE COMPETITIONS ACROSS MULTIPLE SPORTS, SHOWCASING THEIR SKILLS AND SPORTSMANSHIP.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01256413
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt074718
IRS990/ProgSrvcAccomActy3Grp/Desc0IN A TYPICAL YEAR, SPECIAL OLYMPICS RELIES ON THE ENERGY, EXPERTISE, AND COMMITMENT OF OVER 43,000 VOLUNTEERS EACH YEAR TO CARRY OUT YEAR-ROUND SPORTS TRAINING, COMPETITION, AND HEALTH/WELLNESS OPPORTUNITIES FOR NEARLY 40,000 REGISTERED ATHLETES. SPECIAL OLYMPICS RECRUITS VOLUNTEERS OF ALL AGES, BACKGROUNDS, AND AVAILABILITY TO SERVE ROLES THAT INCLUDE EVENT PLANNING, ATHLETE OUTREACH, COORDINATION OF LOGISTICS, SPORT DEVELOPMENT TEAM MEMBERS, RECRUITMENT OF OTHER VOLUNTEERS, UNIFIED CHAMPION SCHOOLS, HEALTH INITIATIVES, AND MUCH MORE. VOLUNTEER COACHES ARE ESSENTIAL TO PROVIDING QUALITY EXPERIENCES FOR PARTICIPATING ATHLETES, AND THROUGH THE SPECIAL OLYMPICS NORTH CAROLINA COACHES' CERTIFICATION PROCESS THESE VOLUNTEERS ARE TRAINED TO MEET THE UNIQUE NEEDS OF PEOPLE WITH INTELLECTUAL DISABILITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt050772
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