Maine Special Olympics
- Assets
- $10.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 12
- Location
- South Portland, ME
- Founding
- 12/1978
- Data as of
- 12/2023
- EIN
- 01-0355822
Organization Overview
Maine Special Olympics is located in South Portland, ME. The organization was established in 1978. According to its NTEE Classification (N72) the organization is classified as: Special Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Maine Special Olympics employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Special Olympics is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Maine Special Olympics generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS MISSION 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS MAINE CONDUCTS SEVERAL STATE LEVEL COMPETITIONS ANNUALLY IN 22 OLYMPIC-STYLE SPORTS. AMONG THESE ARE SUMMER AND WINTER GAMES, WHICH ARE 3-DAY, 2-NIGHT EVENTS HOSTING 1,500 AND 500 ATHLETES RESPECTIVELY - REGIONAL SOCCER AND BASKETBALL EVENTS (6 TOTAL), EQUESTRIAN, AQUATICS, BOCCE, MOTOR ACTIVITIES, GOLF, AND TENNIS COMPETITIONS IN VARIOUS LOCATIONS AROUND THE STATE. ON AN ANNUAL BASIS, OUR PROGRAM SERVES OVER 5,000 DIFFERENT ATHLETES. IN ADDITION, THERE ARE MORE THAN 70 COMPETITIVE EVENTS OFFERED AT THE LOCAL OR AREA LEVEL. OUR PROGRAM ALSO OFFERS A STATEWIDE COMPREHENSIVE "COACHES EDUCATION SYSTEM" TO TRAIN VOLUNTEER COACHES AND EVENT VOLUNTEERS, WHO IN TURN, TRAIN OUR ATHLETES IN THE MANY SPORTS WE OFFER.
SPECIAL OLYMPICS OWNS AND OPERATES A 5-ACRE FACILITY CALLED "CAMP TALL PINES" - USED PRIMARILY AS A FACILITY FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES TO ENJOY A TRADITIONAL CAMP EXPERIENCE. CAMP TALL PINES HAS A "FORMAL" SUMMER CAMP SEASON - JUNE, JULY, AND AUGUST, AND REMAINS OPEN AND AVAILABLE THE REST OF THE YEAR, TO ANY GROUP, SCHOOL SETTING, FAMILY, WORKPLACE, ETC. WHO SERVES CITIZENS OF MAINE WITH INTELLECTUAL DISABILITIES. THE UP-KEEP, IMPROVEMENTS, STAFFING, AND MAINTENANCE OF THIS FACILITY ARE ALSO THE RESPONSIBILITY OF OUR PROGRAM. THE 2022 SEASON WAS HELD WITH CAPACITY LIMITS FOR SAFETY DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Geelhoed CEO | Officer | 40 | $144,480 |
Justin Beliveau Member | Trustee | 1 | $0 |
Diane Boas Member | Trustee | 1 | $0 |
Michael Burnham Member | Trustee | 1 | $0 |
Brandon Mazer ESQ Vice Chair | OfficerTrustee | 1 | $0 |
Mike Feldman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $739,246 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,012,275 |
| Noncash contributions included in lines 1a–1f | $49,830 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,751,521 |
| Total Program Service Revenue | $74,663 |
| Investment income | $216,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,901 |
| Net Income from Fundraising Events | -$101,381 |
| Net Income from Gaming Activities | $32,270 |
| Net Income from Sales of Inventory | $10,891 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,053,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,832 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,657 |
| Compensation of current officers, directors, key employees. | $60,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,615 |
| Pension plan accruals and contributions | $8,185 |
| Other employee benefits | $64,280 |
| Payroll taxes | $39,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,470 |
| Advertising and promotion | $19,225 |
| Office expenses | $80,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,990 |
| Travel | $30,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,493 |
| Insurance | $26,472 |
| All other expenses | $18,787 |
| Total functional expenses | $1,303,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,454,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $121,851 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,050 |
| Prepaid expenses and deferred charges | $4,363 |
| Net Land, buildings, and equipment | $329,902 |
| Investments—publicly traded securities | $8,669,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,005 |
| Total assets | $10,792,436 |
| Accounts payable and accrued expenses | $81,728 |
| Grants payable | $0 |
| Deferred revenue | $63,049 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,332 |
| Total liabilities | $240,109 |
| Net assets without donor restrictions | $10,552,327 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,792,436 |
Grants Awarded
Over the last fiscal year, Maine Special Olympics has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BATH AREA FAMILY YMCA | | | $10,000 |
DOWN EAST FAMILY YMCA | | | $10,000 |