Special Olympics Rhode Island Inc
- Assets
- $5.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Smithfield, RI
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 05-0377867
Organization Overview
Special Olympics Rhode Island Inc is located in Smithfield, RI. The organization was established in 1979. 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 12/2021, Special Olympics Rhode Island Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Rhode Island Inc 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 12/2021, Special Olympics Rhode Island Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Dejesus President & CEO | Officer | 40 | $144,151 |
Larry Lasala Director | OfficerTrustee | 2 | $0 |
Robin Moses Director | OfficerTrustee | 2 | $0 |
Tim Rishton Treasurer | OfficerTrustee | 2 | $0 |
Tom Maggiacomo Director | Trustee | 2 | $0 |
Staci Kolb Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,488 |
| Related organizations | $0 |
| Government grants | $169,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,267,294 |
| Noncash contributions included in lines 1a–1f | $179,974 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,462,749 |
| Total Program Service Revenue | $150,218 |
| Investment income | $1,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $549,105 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,163,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $176,398 |
| Compensation of current officers, directors, key employees. | $19,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,559 |
| Pension plan accruals and contributions | $36,981 |
| Other employee benefits | $107,309 |
| Payroll taxes | $21,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85,875 |
| Office expenses | $12,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,814 |
| Travel | $13,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,145 |
| Insurance | $26,874 |
| All other expenses | $5,508 |
| Total functional expenses | $1,714,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241,540 |
| Savings and temporary cash investments | $104,774 |
| Pledges and grants receivable | $137,371 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,720 |
| Net Land, buildings, and equipment | $2,165,165 |
| Investments—publicly traded securities | $1,780,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,432,600 |
| Accounts payable and accrued expenses | $53,794 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $230,051 |
| Total liabilities | $283,845 |
| Net assets without donor restrictions | $4,892,431 |
| Net assets with donor restrictions | $256,324 |
| 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 | $5,432,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Rhode Island Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The Harry M Miriam C & William C Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,000 |
Endowment Analysis
| Beg. Balance | $41,083 |
| Earnings | $3,400 |
| Ending Balance | $44,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Connecticut Inc Hamden, CT | $12,177,475 | $6,428,679 |
Special Olympics Massachusetts Inc Marlborough, MA | $19,308,984 | $5,082,720 |
Special Olympics Rhode Island Inc Smithfield, RI | $5,432,600 | $2,163,422 |
Boston Bruins Alumni Association Boston, MA | $275,223 | $250,244 |
Adaptive Sports New England Inc Boston, MA | $156,011 | $0 |
Kisoro Childrens Foundation Inc Cambridge, MA | $159,699 | $0 |
Great Blizzards Of Massachusetts Plymouth, MA | $27,537 | $0 |
Aaron Zenus Foundation Hopedale, MA | $100,803 | $0 |