Special Olympics Massachusetts Inc
- Assets
- $18.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 37
- Location
- Marlborough, MA
- Founding
- 05/1990
- Data as of
- 12/2023
- 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 12/2023, Special Olympics Massachusetts Inc employed 37 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 12/2023, Special Olympics Massachusetts Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
YEAR-ROUND INCLUSIVE SPORTS TRAINING AND COMPETITION PROGRAMS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND THEIR PEERS OF ALL AGES PROVIDING THEM WITH CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN THE SHARING OF SKILLS AND FRIENDSHIPS WITH THEIR FAMILIES, OTHER ATHLETES, THEIR PEERS AND THE COMMUNITY. IN 2023, SPECIAL OLYMPICS MASSACHUSETTS PROVIDED PROGRAMMING TO OVER 16,000 PARTICIPANTS THROUGHOUT THE COMMONWEALTH OFFERING OVER 900 COMPETITIONS WITH THE HELP OF OVER 8,000 VOLUNTEERS. SPECIAL OLYMPICS MASSACHUSETTS WILL CONTINUE TO GROW COMMUNITIES OF INCLUSION UNTIL EVERY PARTICIPANT WHO WANTS TO PARTICIPATE CAN IN THEIR COMMUNITY WHERE THEY LIVE, WORK OR PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, SPECIAL OLYMPICS MASSACHUSETTS HAS BUILT BACK TO THE PRE-PANDEMIC PARTICIPANT NUMBERS AND CONTINUES TO BUILD ITS PROGRAMMING ON ALL OF THE STATE'S GATEWAY CITIES. IN 2023, SPECIAL OLYMPICS MASSACHUSETTS PROVIDED TRAINING AND COMPETITION IN 23 INDIVIDUAL AND TEAM SPORTS FOR OVER 16,075 CHILDREN AND ADULTS WITH AND WITHOUT INTELLECTUAL DISABILITIES WITH THE SUPPORT OF 1,189 COACHES. THE ORGANIZATION CONTINUES TO OFFER A PROGRAM CALLED UNIFIED SPORTS TO ENGAGE THE WHOLE SCHOOL AND COMMUNITY IN SPORTS, LEADERSHIP AND EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Mcdonald Chair | OfficerTrustee | 5 | $0 |
Erin Farrell Vice Chair | OfficerTrustee | 5 | $0 |
Peter Bakkala Treasurer | OfficerTrustee | 5 | $0 |
Steven Chao Clerk | OfficerTrustee | 5 | $0 |
Gerry Allen Director | Trustee | 5 | $0 |
Dan Collins Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,483,976 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,382,811 |
| Noncash contributions included in lines 1a–1f | $16,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,866,787 |
| Total Program Service Revenue | $0 |
| Investment income | $234,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,998 |
| Net Income from Fundraising Events | -$586,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,614,307 |
| 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. | $395,222 |
| Compensation of current officers, directors, key employees. | $195,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369,967 |
| Payroll taxes | $185,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,776 |
| Advertising and promotion | $106,384 |
| Office expenses | $0 |
| Information technology | $166,426 |
| Royalties | $0 |
| Occupancy | $200,071 |
| Travel | $70,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,270 |
| Interest | $127,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $613,212 |
| Insurance | $89,706 |
| All other expenses | $128,564 |
| Total functional expenses | $6,259,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $338,942 |
| 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 | $39,162 |
| Net Land, buildings, and equipment | $7,453,829 |
| Investments—publicly traded securities | $9,071,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $854,518 |
| Total assets | $18,196,669 |
| Accounts payable and accrued expenses | $336,989 |
| Grants payable | $0 |
| Deferred revenue | $147,761 |
| Tax-exempt bond liabilities | $2,915,635 |
| 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 | $3,400,385 |
| Net assets without donor restrictions | $14,796,284 |
| 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 | $18,196,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics New York Inc Albany, NY | $8,276,390 | $10,681,166 |
Special Olympics Massachusetts Inc Marlborough, MA | $18,196,669 | $5,614,307 |
Special Olympics Connecticut Inc Hamden, CT | $11,805,113 | $5,296,107 |
Special Olympics New Hampshire Inc Concord, NH | $2,539,807 | $1,862,031 |
Special Olympics Rhode Island Inc Smithfield, RI | $5,408,399 | $1,970,073 |
Special Olympics Vermont South Burlington, VT | $2,705,796 | $1,188,179 |
Boston Bruins Alumni Association Boston, MA | $191,588 | $209,826 |
American Amputee Soccer Association Stony Brook, NY | $132,166 | $0 |
Adaptive Sports New England Inc Boston, MA | $246,697 | $220,778 |
Kisoro Childrens Foundation Inc Cambridge, MA | $156,796 | $0 |
Aaron Zenus Foundation Hopedale, MA | $137,374 | $0 |
Be The Best Sport Inc Port Washington, NY | $26,770 | $0 |
Great Blizzards Of Massachusetts Plymouth, MA | $27,537 | $0 |
Wheelchair Sports Federation Inc Middle Village, NY | $45,864 | $0 |