Special Olympics Massachusetts Inc
- Assets
- $19.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Marlborough, MA
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 23-7242294
Organization Overview
Special Olympics Massachusetts Inc is located in Marlborough, MA. The organization was established in 1990. 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 Massachusetts Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Massachusetts 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 Massachusetts Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.5m 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
TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETICS COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES OF ALL AGES BY PROVIDING THEM WITH CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, PREPARE FOR ENTRY INTO SCHOOL AND COMMUNITY PROGRAMS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIPS WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES, THEIR PEERS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT 2021, SPECIAL OLYMPICS MASSACHUSETTS CONTINUED TO BUILD BACK BETTER. THE ORGANIZATION USED THE BEST OF ITS PROGRAMMING LEADING UP TO THE PANDEMIC COMBINED WITH THE BEST OF ITS VIRTUAL PROGRAMMING DURING THE PANDEMIC, TO BUILD A SLATE OF PROGRAMMING OFFERINGS BOTH IN PERSON AND VIRTUALLY. THROUGH THIS CREATIVITY THE ORGANIZATION AND WITH THE ASSISTANCEOF 4,772 VOLUNTEERS, IN 2021, SPECIAL OLYMPICS MASSACHUSETTS PROVIDED TRAINING AND COMPETITION IN 16 INDIVIDUAL AND TEAM SPORTS AND STAGED 512 ATHLETICS EVENTS. THESE EVENTS INVOLVED 9,957 CHILDREN AND ADULTS WITH AND WITHOUT INTELLECTUAL DISABILITIES. THE ORGANIZATION OFFERS A PROGRAM TO ENGAGE THE WHOLE SCHOOL IN SPORTS, LEADERSHIP AND EDUCATION PROGRAMS. THE SPORTS PROGRAM IS KNOWN AS UNIFIED SPORTS, A PROGRAM WHICH STUDENTS WITH AND WITHOUT DISABILITIES TRAIN AND COMPETE SIDE BY SIDE ON THE SAME TEAM. THE LEADERSHIP PROGRAMS INVOLVED YOUTH ORGANIZING SPORTING AND EDUCATION EVENTS SUCH AS A TRACK & FIELD MEET OR AN ANTI-BULLYING CAMPAIGN AIMED AT EDUCATING STUDENTS TO BE RESPECTFUL AND INCLUSIVE TO ALL. IN 2021, THE ORGANIZATION MAINTAINED A PARTNERSHIP WITH THE MASSACHUSETTS INTERSCHOLASTICATHLETIC ASSOCIATION (MIAA) AND THE MASSACHUSETTS ASSOCIATION OF STUDENT COUNCILS (MASC) TO HELP GROW OUR SCHOOL PROGRAMS ACROSS THE STATE. IN 2021, SPECIAL OLYMPICS MASSACHUSETTS LAUNCHED A GATEWAY CITY INITIATIVE TO BRING INCLUSIVE SPORTS PROGRAMMING TO SCHOOLS IN THE BOSTON AND LAWRENCE SCHOOLS DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Mcmahon President And CEO | Officer | 40 | $212,312 |
Stephen Huftalen Evp Of Development And Mar | 40 | $105,463 | |
Clinton Rowe CFO | Officer | 40 | $84,785 |
Eric Spindt Chair | OfficerTrustee | 5 | $0 |
Richard Mcdonald Vice Chair | OfficerTrustee | 5 | $0 |
Julie Santosus Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,468,229 |
| Related organizations | $0 |
| Government grants | $341,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,546,746 |
| Noncash contributions included in lines 1a–1f | $15,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,356,375 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $138,912 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $483,599 |
| Net Income from Fundraising Events | -$190,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,082,720 |
| 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. | $316,367 |
| Compensation of current officers, directors, key employees. | $145,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,439,829 |
| Pension plan accruals and contributions | $51,588 |
| Other employee benefits | $121,899 |
| Payroll taxes | $146,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,158 |
| Office expenses | $0 |
| Information technology | $69,375 |
| Royalties | $0 |
| Occupancy | $190,513 |
| Travel | $22,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,102 |
| Interest | $134,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,391 |
| Insurance | $74,540 |
| All other expenses | $68,705 |
| Total functional expenses | $3,526,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,555,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $451,341 |
| 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 | $27,872 |
| Net Land, buildings, and equipment | $6,755,105 |
| Investments—publicly traded securities | $8,259,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,259,559 |
| Total assets | $19,308,984 |
| Accounts payable and accrued expenses | $180,072 |
| Grants payable | $0 |
| Deferred revenue | $95,205 |
| Tax-exempt bond liabilities | $3,148,041 |
| 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 | $3,423,318 |
| Net assets without donor restrictions | $15,775,189 |
| Net assets with donor restrictions | $110,477 |
| 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 | $19,308,984 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Special Olympics Massachusetts Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Shribman Family Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Easthampton Savings Foundation Easthampton, MA PURPOSE: EXEMPT PURPOSE | $500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics New York Inc Albany, NY | $6,197,099 | $8,184,813 |
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 |
Special Olympics New Hampshire Inc Concord, NH | $2,850,174 | $1,776,197 |
Special Olympics Vermont South Burlington, VT | $1,935,782 | $1,179,354 |
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 |
Be The Best Sport Inc Port Washington, NY | $22,641 | $0 |
Aaron Zenus Foundation Hopedale, MA | $100,803 | $0 |