Delaware Special Olympics Inc
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Newark, DE
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 23-7162877
Organization Overview
Delaware Special Olympics Inc is located in Newark, DE. The organization was established in 1972. 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, Delaware Special Olympics Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Special Olympics 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, Delaware Special Olympics Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
SPECIAL OLYMPICS PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHELTIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN EIGHT YEARS OF AGE OR OLDER AND ADULTS WITH INTELLECTUAL DISABILITY (OR OTHER SIGNIFICNT LEARNING OR VOCATIONAL PROBLEMS), 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
SPONSOR OF VARIOUS ATHLETIC EVENTS FOR THE BENEFIT OF THE INTELLECTUALLY AND PHYSICALLY DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann M Grunert Exec. Director | Trustee | 40 | $107,500 |
Steve Cason Secretary | OfficerTrustee | 5 | $0 |
Ruth Lavelle Treasurer | OfficerTrustee | 5 | $0 |
Rob Coupe President Elect | OfficerTrustee | 5 | $0 |
Katherine Dickinson ESQ President | OfficerTrustee | 5 | $0 |
Christie Longo Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,641 |
| Related organizations | $256,599 |
| Government grants | $409,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,201,268 |
| Total Program Service Revenue | $0 |
| Investment income | $31,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,731 |
| Net Income from Fundraising Events | $757,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,043,458 |
| 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. | $123,505 |
| Compensation of current officers, directors, key employees. | $2,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,993 |
| Payroll taxes | $55,587 |
| 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 | $9,261 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,665 |
| Office expenses | $27,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,479 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,734 |
| Interest | $0 |
| Payments to affiliates | $24,588 |
| Depreciation, depletion, and amortization | $21,367 |
| Insurance | $19,786 |
| All other expenses | $87,398 |
| Total functional expenses | $1,457,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $937,576 |
| Savings and temporary cash investments | $1,568,160 |
| Pledges and grants receivable | $107,128 |
| Accounts receivable, net | $155,977 |
| 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 | $19,610 |
| Net Land, buildings, and equipment | $347,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,135,489 |
| Accounts payable and accrued expenses | $17,367 |
| 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 | $0 |
| Total liabilities | $17,367 |
| Net assets without donor restrictions | $3,018,122 |
| Net assets with donor restrictions | $100,000 |
| 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 | $3,135,489 |
Grants Recieved
Over the last fiscal year, we have identified 44 grants that Delaware Special Olympics Inc has recieved totaling $524,233.
| Awarding Organization | Amount |
|---|---|
Special Olympics Inc Washington, DC PURPOSE: PROGRAM ASSISTANCE | $379,624 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $50,000 |
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $38,353 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $14,200 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: DELAWARE'S LEG OF THE TRUCK CONVOY TO BENEFIT SPECIAL OLYMPICS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Pennsylvania Inc Norristown, PA | $10,787,138 | $6,873,918 |
Special Olympics New Jersey Inc Lawrenceville, NJ | $19,561,319 | $8,511,480 |
Special Olympics Maryland Inc Baltimore, MD | $8,323,539 | $6,213,114 |
Delaware Special Olympics Inc Newark, DE | $3,135,489 | $2,043,458 |
Miracle League Of Northampton County Palmer, PA | $777,556 | $94,413 |
North Jersey Navigators Inc Bayonne, NJ | $37,206 | $0 |
Baltimore Area Special Hockey Inc Parkville, MD | $436,232 | $0 |
Maryland Senior Olympics Commission Ltd Wheaton, MD | $134,320 | $0 |
Miracle League Of Harford County Forest Hill, MD | $759,957 | $81,564 |
Association Of Blind Athletes Of Nj Inc Belmar, NJ | $66,987 | $0 |
Friends To Friends Export, PA | $5,092 | $0 |
Western Pennylvania Special Hockey Association Pittsburgh, PA | $150,419 | $2,614 |