Special Olympics New York Inc
- Assets
- $8.3m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 74
- Location
- Albany, NY
- Founding
- 04/1970
- Data as of
- 12/2023
- EIN
- 23-7061382
Organization Overview
Special Olympics New York Inc is located in Albany, NY. The organization was established in 1970. 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, Special Olympics New York Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics New York 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 12/2023, Special Olympics New York Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $14.1m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND CONDUCT ATHLEITC INSTRUCTION AND COMPETITION FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAMES AND COMPETITIONS: SONY PROVIDED TRAINING AND COMPETITION SPORT SEASONS (WINTER, SUMMER, AND FALL). THE INDIVIDUALS SERVED BY SONY RANGE IN AGE FROM 2 YEARS TO 90 YEARS AND HAVE BEEN DIAGNOSED WITH AN INTELLECTUAL DISABILITY OR A COGNITIVE DELAY. COMPETITIONS ARE HELD IN NINE REGIONS AROUND THE STATE. ATHLETES ADVANCE FROM LOCAL COMPETITION TO REGIONAL, SUPER-REGIONAL, AND STATEWIDE COMPETITIONS IN EACH OF THE THREE SEASONS WITH POTENTIAL ADVANCEMENT TO NATIONAL AND WORLD GAMES AVAILABLE IN ALL 23 SPORTS. SONY HOSTED 178 COMPETITIVE EVENTS FOR A TOTAL OF 217,008 REGIONAL SERVICE HOURS, 69,024 STATE GAMES SERVICE HOURS, AND 2,202,406 PUBLIC SCHOOL SERVICE HOURS IN THE 2023 PROGRAM YEAR.
ATHLETES TRAINING: SONY ATHLETES TRAIN WITH COACHES AND CERTIFIED VOLUNTEERS FOR A TOTAL OF 2,293,694 SERVICE HOURS. SONY PROVIDED SERVICE TO ATHLETES ACROSS MULTIPLE INITIATIVES. ATHLETES WERE TRAINED AND EDUCATED IN THE FOLLOWING TRADITIONAL SPORTS DURING 2022 (ALL IN ATHLETE NUMBERS): ALPINE SKIING 261, ATHLETICS (TRACK & FIELD) 26,461; BASKETBALL 15,583; BOCCE 12,387; BOWLING 19,434; CYCLING - 71; CROSS COUNTRY RUNNING 52; CROSS COUNTRY SKIING 34; EQUESTRIAN - 109; FIGURE SKATING - 56; FITNESS 4,579; FL:AG FOOTBALL 834; FLOOR HOCKEY 9357; FLOORBALL 370; SOCCER 14,050; GOLF 1,763; GYMNASTICS - 96; MATP 989; POWER LIFTING - 203; SNOW BOARDING - 15; SNOW SHOEING - 349; SOFTBALL 3,243; SWIMMING 1,147; TENNIS 1,140; VOLLEYBALL 2,474; E SPORTS 124;YOUNG ATHLETES 2,991; PROJECT UNIFY ATHLETES 6,214, PARTNERS 4,808.
ATHLETE AND COACH'S EDUCATION AND HEALTH SERVICES: THE SONY 'HEALTHYATHLETES' PROGRAM OFFERED 1,618 HEALTH SCREENINGS THAT PROVIDED THEMWITH THE OPPORTUNITY TO MEET WITH HEALTH PROFESSIONALS ACROSS MULTIPLEDISCIPLINES INCLUDING: HEARING, DENTAL, OPTOMETRY, NUTRITION,OCCUPATIONAL THERAPY, PODIATRY, FITNESS, NUTRITION AND PHYSICAL THERAPYFOR THE PURPOSE OF EVALUATION AND CONSULTATION. SONY OFFERED AN'ATHLETE LEADERSHIP' PROGRAM FOR ATHLETES WHO ARE GAINING SKILLS ASPUBLIC SPEAKERS BY SHARING OUR SPECIAL OLYMPICS MOVEMENT THROUGH PUBLICOUTLETS. SONY ENGAGES A TOTAL OF 20,675 VOLUNTEERS; 5,818 WHO AREFORMALLY CERTIFIED AS COACHES. IN 2023, SONY HELD 881 VOLUNTEERTRAINING SESSIONS FOR A TOTAL OF 8,820 TRAINING HOURS. ALL CERTIFIED PERSONNEL RECEIVE A GENERAL ORIENTATION, A BACKGROUND CHECK, AND SPECIALIZED PROTECTIVE BEHAVIOR TRAINING. EACH CERTIFIED VOLUNTEER IS RECERTIFIED EVERY 3 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ceylane Meyers-Ruff Chair | OfficerTrustee | 0.5 | $0 |
Kan Kotecha Director | Trustee | 0.5 | $0 |
Todd Nelson Director | Trustee | 0.5 | $0 |
James Rosenstock Vice Chair | OfficerTrustee | 0.5 | $0 |
Adam Merino Treasurer | OfficerTrustee | 0.5 | $0 |
Kerri E Neifield Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,387,800 |
| Related organizations | $0 |
| Government grants | $1,647,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,073,691 |
| Noncash contributions included in lines 1a–1f | $185,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,109,229 |
| Total Program Service Revenue | $0 |
| Investment income | $203,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,568 |
| Net Income from Fundraising Events | $1,283,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $77,372 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,681,166 |
| 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. | $385,545 |
| Compensation of current officers, directors, key employees. | $35,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,563,197 |
| Pension plan accruals and contributions | $142,653 |
| Other employee benefits | $443,568 |
| Payroll taxes | $385,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,635 |
| Fees for services: Accounting | $33,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,707 |
| Fees for services: Other | $347,048 |
| Advertising and promotion | $0 |
| Office expenses | $71,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $701,653 |
| Travel | $116,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,714 |
| Payments to affiliates | $160,605 |
| Depreciation, depletion, and amortization | $129,011 |
| Insurance | $294,904 |
| All other expenses | $342,402 |
| Total functional expenses | $14,083,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,656 |
| Savings and temporary cash investments | $1,083,720 |
| Pledges and grants receivable | $1,620,206 |
| 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 | $236,372 |
| Net Land, buildings, and equipment | $368,767 |
| Investments—publicly traded securities | $2,122,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,465,023 |
| Total assets | $8,276,390 |
| Accounts payable and accrued expenses | $850,224 |
| Grants payable | $0 |
| Deferred revenue | $250,557 |
| 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 | $1,550,000 |
| Other liabilities | $2,523,970 |
| Total liabilities | $5,174,751 |
| Net assets without donor restrictions | $3,009,103 |
| Net assets with donor restrictions | $92,536 |
| 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 | $8,276,390 |