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Nonprofit · EIN 71-0666671

ARKANSAS SPECIAL OLYMPICS INC

Tax-exempt · N LITTLE ROCK, AR 72114

Financials

$1.8M$1.9M2023$5M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of ARKANSAS SPECIAL OLYMPICS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,029,699$2,099,486$2,930,213$7,196,934$674,059$6,522,875
December 31, 2023990$1,816,461$1,904,489-$88,028$3,418,644$42,571$3,376,073
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,921,930
of which government grants
$3,597,510
Program service revenue
$52,465
Investment income
$119,614
Net gain from sales of assets
$17,452
Net income from fundraising events
-$93,219
Other revenue
-$64,310

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$149,162
Other salaries and wages
$538,822
Salaries, compensation and benefits (total)
$815,104
Professional fundraising fees
$0
Accounting fees
$21,791
Occupancy
$60,369
Travel
$58,221
Depreciation
$7,646
Program services (functional)
$1,737,800
Management and general (functional)
$219,361
Fundraising (functional)
$142,325

Balance sheet and other

Total assets, start of year
$3,418,644
Total assets, end of year
$7,196,934
Total liabilities, end of year
$674,059
Net assets, end of year
$6,522,875
Land, buildings and equipment
$1,951,656
Publicly traded securities
$2,211,008
Net assets without donor restrictions
$4,657,490
Net assets with donor restrictions
$1,865,385
Gross receipts
$5,621,295
Employees
15
Volunteers
25,000
Year formed
1970
State of legal domicile
AR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TERRI WEIREXECUTIVE DIRECTOR
Officer
40$124,929$24,233
ROSS RIDOUTBOARD CHAIRMAN
Trustee or director, Officer
1$0$0
BRIAN WALLACEVICE BOARD CHAIRMAN
Trustee or director, Officer
1$0$0
JAY CLEVENGERFINANCE CHAIRMAN
Trustee or director, Officer
1$0$0
SHARON JOHNSONSECRETARY
Trustee or director, Officer
1$0$0
JOHN FOURNIERPAST BOARD CHAIRMAN
Trustee or director, Officer
1$0$0
FERDINAND FELIZCOBOARD MEMBER
Trustee or director
1$0$0
ROY ANDERLEBOARD MEMBER
Trustee or director
1$0$0
DR VALARIE HILSONBOARD MEMBER
Trustee or director
1$0$0
JERRY BRIDGESBOARD MEMBER
Trustee or director
1$0$0
BRINDA GARRETTBOARD MEMBER
Trustee or director
1$0$0
RAUL DALLASBOARD MEMBER
Trustee or director
1$0$0
DR CHARLIE GREENBOARD MEMBER
Trustee or director
1$0$0
KARA NEWMANBOARD MEMBER
Trustee or director
1$0$0
AMY ANDERSONBOARD MEMBER
Trustee or director
1$0$0
6 more people on this return
NameTitleHours / weekCompensation
DR JAMES HUNTBOARD MEMBER
Trustee or director
1$0
NICK MATTHEWSBOARD MEMBER
Trustee or director
1$0
LISA MUNDYBOARD MEMBER
Trustee or director
1$0
AMY PRICEBOARD MEMBER
Trustee or director
1$0
MARY JANE RUSSELLDIRECTOR EMERITUS
Trustee or director
1$0
SARAH SEALYDIRECTOR EMERITUS
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
TERRI WEIREXECUTIVE DIRECTOR
Officer
40$118,766$17,952
JOHN FOURNIERCHAIR
Trustee or director, Officer
1$0$0
ROSS RIDOUTVICE CHAIR
Trustee or director, Officer
1$0$0
FERDINAND FELIZCOFINANCE CHAIR
Trustee or director, Officer
1$0$0
BRIAN WALLACESECRETARY
Trustee or director, Officer
1$0$0
DONNA MOREYIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
ROY ANDERLEBOARD MEMBER
Trustee or director
1$0$0
DR VALARIE HILSONBOARD MEMBER
Trustee or director
1$0$0
JERRY BRIDGESBOARD MEMBER
Trustee or director
1$0$0
JAY CLEVENGERBOARD MEMBER
Trustee or director
1$0$0
BRINDA GARRETTBOARD MEMBER
Trustee or director
1$0$0
RAUL DALLASBOARD MEMBER
Trustee or director
1$0$0
DR CHARLIE GREENBOARD MEMBER
Trustee or director
1$0$0
KARA NEWMANBOARD MEMBER
Trustee or director
1$0$0
NICK LASKERBOARD MEMBER
Trustee or director
1$0$0
SHARON JOHNSONBOARD MEMBER
Trustee or director
1$0$0
JOEY WIGGINSBOARD MEMBER
Trustee or director
1$0$0
SARAH SEALYDIRECTOR EMERITUS
Trustee or director
1$0$0
JAMES COUCHBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2115 MAIN ST, N LITTLE ROCK, AR 72114-2835
Principal officer (990 for 2024)
TERRI WEIR, 601 ROCK STREET, LITTLE ROCK, AR 722022538
Signed the 990
TERRI WEIR, EXECUTIVE DIRECTOR
Phone
(501) 771-0222
Return prepared by
LANDMARK PLC CPAS

Mission

TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR ALL 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.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED YEAR ROUND SPORTS TRAINING AND COMPETITIONS IN TWENTY OLYMPIC TYPE SPORTS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES. ALSO OFFERED ADDITIONAL PROGRAMS FOR ATHLETES' DEVELOPMENT AND FITNESS, INCLUDING: "HEALTHY HEARING" WHICH PROVIDED FREE HEARING SCREENINGS; "SPECIAL SMILES" WHICH OFFERED FREE DENTAL SCREENINGS; "OPENING EYES" WHICH PROVIDED FREE VISION SCREENINGS; "FUN FITNESS" WHERE OCCUPATIONAL AND PHYSICAL THERAPISTS MEASURED ATHLETES FLEXIBILITY AND NEED FOR OTHER TREATMENTS; "HEALTH PROMOTION" WHICH PROMOTED A HEALTHER ATHLETE FOR A HEALTHIER LIFESTYLE; AND "PROJECT UNIFY" INITIATIVES WHICH COMBINED SOCIAL, EDUCATIONAL, AND INCLUSIONAL OPPORTUNITIES THROUGH SPORTS.
    Expenses $1,737,800 · revenue $52,465

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0666671
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,196,934
Income (IRS master file)
$5,621,295

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,029,699$2,099,486$7,196,934XML
990December 2023$1,816,461$1,904,489$3,418,644XML
990December 2022$1,615,712$1,715,105$3,314,500IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0666671).

Questions about ARKANSAS SPECIAL OLYMPICS INC

What is the EIN of ARKANSAS SPECIAL OLYMPICS INC?
The employer identification number (EIN) of ARKANSAS SPECIAL OLYMPICS INC is 71-0666671.
Is ARKANSAS SPECIAL OLYMPICS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3).
Are donations to ARKANSAS SPECIAL OLYMPICS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARKANSAS SPECIAL OLYMPICS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARKANSAS SPECIAL OLYMPICS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARKANSAS SPECIAL OLYMPICS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARKANSAS SPECIAL OLYMPICS INC?
The 990 for the year ended December 31, 2024 names TERRI WEIR.
Who are the officers and directors of ARKANSAS SPECIAL OLYMPICS INC?
The 990 for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $124,929 (TERRI WEIR, EXECUTIVE DIRECTOR).
How much revenue does ARKANSAS SPECIAL OLYMPICS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,029,699, expenses of $2,099,486 and total assets of $7,196,934 at year end.

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