Special Olympics North Dakota Inc

What it reported doing in 2024

Sond is a 501(c)(3) organization incorporated in the state of North Dakota to enable children and adults with intellectual disabilities to become a more accepted and integral part of the communities in which they reside. The programs offered by sond create an environment in which persons with intellectual disabilities will be prepared to participate in the community at large through activities that will (1) better enable them to be independent, productive members of society; (2) assist them in improving their overall health and safety through healthy athlete initiatives and volunteer training/education; (3) eliminate barriers to support and other assistance through community education; (4) enhance individual, family and citizen participation and involvement; and (5) increase economic opportunities to more people with intellectual disabilities. Additionally sond does not, nor cannot, assess any fees to the participants or their families for the programs provided; therefore, financial support from foundations, businesses and individuals is critical to sustaining programs for the people in nd. Education and youth leadership is what supports the year round mission of special olympics and is a large part of the more than 3,000 volunteers involved with the program in a traditional year. Resources put into activities allowed during the year were a critical strategy for creating enlightened and activated youth who can lead today and in the future who can help build stronger civil societies. Targeted training insured that volunteers were provided the resources and direction to participating in providing opportunities for, and changing attitudes towards people with intellectual disabilities.

Financial Efficiency

• Mission deployment rate: 72.2%; rating input score 72
• Program expense ratio: 73.1%; rating input score 73
• Fundraising efficiency: $8.84 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.8%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 2.01; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 60; 60th percentile among comparable filings
• Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 2.3% per year; rating input score 100; 28th percentile among comparable filings
• Revenue growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
• Asset growth: 10.9% per year; rating input score 100; 62nd percentile among comparable filings