2023-05-12T16:24:58-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2022-01-01 050377867 SPECIAL OLYMPICS RHODE ISLAND INC SPEC 4013494900 370 GEORGE WASHINGTON HIGHWAY SMITHFIELD RI 02917 EDWIN PACHECO PRESIDENT & CEO 4013494900 2023-05-11 1 EDWIN PACHECO 999009999 0 DANIELLE NIHILL P01350943 7819821001 2023-05-09 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWIN PACHECO 370 GEORGE WASHINGTON HIGHWAY SMITHFIELD RI 02917 2092636 0 X N/A X 1978 RI TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. 20 20 13 2127 0 0 1462749 1338212 150218 108457 1350 15170 549105 508234 2163422 1970073 0 0 0 0 1040547 1168094 0 0 465906 674218 690264 1714765 1858358 448657 111715 5432600 5408399 283845 337764 5148755 5070635 TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. 0 0 1108332 108457 TO PROVIDE YEAR-ROUND SPORTS TRAINING $ ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. 1108332 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 17 0 1 13 1 0 0 0 0 0 1 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X EDWIN PACHECO 4013494900 370 GEORGE WASHINGTON HIGHWAY SMITHFIELD RI 02917 DENNIS DEJESUS RETIRED 72022 FORMER PRESIDENT & CEO 40.00 X 90639 0 15000 EDWIN PACHECO HIRED 52022 PRESIDENT & CEO 40.00 X 94904 0 8125 STACI KOLB CHAIRMAN 2.00 X X 0 0 0 ROBIN MOSES VICE CHAIRMAN 2.00 X X 0 0 0 TIM RISHTON TREASURER 2.00 X X 0 0 0 CHRIS EDEN SECRETARY 2.00 X X 0 0 0 LARRY LASALA PAST CHAIRMAN 2.00 X X 0 0 0 ROB BATISTA DIRECTOR 2.00 X 0 0 0 KEVIN COLMAN DIRECTOR 2.00 X 0 0 0 ALLISON GRAY DIRECTOR 2.00 X 0 0 0 AMIRA JACKSON DIRECTOR 2.00 X 0 0 0 DAVID LICCIARDI DIRECTOR 2.00 X 0 0 0 BO MATHEWS DIRECTOR 2.00 X 0 0 0 MICHAEL BULLOCK DIRECTOR 2.00 X 0 0 0 JIM GILCREAST DIRECTOR 2.00 X 0 0 0 JACK HAYES DIRECTOR 2.00 X 0 0 0 ELWOOD JOHNSON DIRECTOR 2.00 X 0 0 0 TOM MAGGIACOMO DIRECTOR 2.00 X 0 0 0 ANTONIO MOREIRA DIRECTOR 2.00 X 0 0 0 STEPHANIE PALLADINI DIRECTOR 2.00 X 0 0 0 CIA TUCCI DIRECTOR 2.00 X 0 0 0 DR AMITY RUBEOR DIRECTOR 2.00 X 0 0 0 185543 0 23125 0 0 0 0 0 59836 337650 940726 1338212 YOUTH SPORTS PROGRAM 624100 108457 108457 108457 15170 15170 630797 59836 122563 508234 508234 1970073 108457 0 523404 203043 117765 24365 60913 780318 435429 139846 205043 114577 52062 29673 32842 70156 35078 21047 14031 28576 14288 5715 8573 11877 11877 4900 2127 380 2393 29853 24623 5230 123277 72274 15748 35255 22230 17084 5146 130418 96375 1234 32809 28354 14177 5671 8506 66345 39807 2654 23884 26710 13580 5252 7878 PROFESSIONAL SERVICES 123094 87975 11295 23824 SUPPLIES 70123 70098 25 OTHER EXPENSES 17317 8934 3574 4809 MISCELLANEOUS EXPENSES 7190 6656 534 1858358 1108332 284120 465906 1241540 1448541 104774 105551 137371 130142 3720 34441 3015877 904471 2165165 2111406 1780030 1578318 5432600 5408399 53794 89578 230051 248186 283845 337764 X 4892431 4854766 256324 215869 5148755 5070635 5432600 5408399 111715 -189835 0 X 0 1 X 1 0 X 2155283 1976095 2083722 2162072 1338212 9715384 2155283 1976095 2083722 2162072 1338212 9715384 9715384 34786 39247 26302 1349 3293 104977 9820361 0.98930 0.98770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44483 -6563 37920 41083 3400 44483 36141 4942 41083 26420 9721 36141 21280 5140 519 519 26420 1.00000 0 0 771075 771075 1871355 590602 1280753 325185 265607 59578 48262 48262 0 2111406 LIABILITY FOR TEAM FUNDS 248186 248186 X 2253572 -189835 485211 295376 1958196 11877 11877 1970073 2331692 485211 485211 1846481 11877 11877 1858358 PART X, LINE 2: SPECIAL OLYMPICS RHODE ISLAND, INC. IS ORGANIZED AS A RHODE ISLAND NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE ORGANIZATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: IN KIND EXPENSES FUNDRAISING EXPENSES PART X FASB ASC 470 FOOTNOTE NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS PROVIDED UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). THE INTERNAL REVENUE SERVICE (IRS) HAS CLASSIFIED THE AGENCY AS A TAX-EXEMPT ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF MANAGEMENT AND GENERAL EXPENSES. 0 TORCH RUN 190648 5928 184720 42627 PENQUIN PLUNGE 90501 90501 9511 5 409484 53908 355576 70425 690633 59836 630797 122563 122563 508234 THOMAS MAGGIACOMO BOARD MEMBER 5407 THE ORGANIZATION PURCHASES INSURANCE THROUGH AN AGENCY (MAGGIACOMO INSURANCE COMPANY) 100% OWNED BY THE BOARD MEMBER. THIS TRANSACTION IS APPROVED BY THE BOARD OF DIRECTORS. 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW CONDUCTED BY MANAGEMENT AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION (SORI) ANNUALLY REVIEWS AND REMINDS BOARD MEMBERS AND STAFF ABOUT THESE POLICIES. INDIVIDUALS ARE INSTRUCTED TO REPORT ANY AND ALL INSTANCES THAT MAY BE IN CONFLICT AND/OR REQUIRE PUBLIC REPORTING. ADDITIONALLY, THE CODE OF CONDUCT AND THE ORGANIZATION'S BYLAWS ARE REVIEWED AND SIGNED BY ALL BOARD MEMBERS AND STAFF. WITHIN THE BYLAWS, ARTICLE III, SECTION 17 AND SECTION 18 SPEAK TO THE CONFLICT OF INTEREST POLICY. THIS IS OVERSEEN BY THE PRESIDENT OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE CEO IS HIRED BY A TWO-THIRDS (2/3) VOTE OF THE FULL BOARD OF DIRECTORS AND REPORTS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ANNUALLY APPRAISES THE PERFORMANCE OF THE CEO AT PERIODS NOT TO EXCEED FIFTEEN (15) MONTHS. COMPENSATION IS ASSESSED ANNUALLY BY THE BOARD OF DIRECTORS. A REVIEW OF THE CEO WAS COMPLETED ON MARCH 9, 2023. FORM 990, PART VI, SECTION C, LINE 19 THE 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR REVIEW UPON REQUEST.