Special Olympics Tennessee Inc
- Assets
- $6.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Nashville, TN
- Founding
- 01/1974
- Data as of
- 12/2021
- EIN
- 23-7348136
Organization Overview
Special Olympics Tennessee Inc is located in Nashville, TN. The organization was established in 1974. 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 Tennessee Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Tennessee 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 Tennessee Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% 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
PROVIDES STATEWIDE YEAR-ROUND TRAINING AND COMPETITIONS FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS TENNESSEE OFFERS TRAINING AND COMPETITION IN 17 DIFFERENT SPORTS THROUGHOUT THE YEAR. THE PROGRAM INCLUDES 32 AREA PROGRAMS MANAGED BY VOLUNTEER LEADERSHIP TEAMS THAT ENCOMPASS ALL COUNTIES IN THE STATE OF TENNESSEE. COMBINED, THESE AREA PROGRAMS REACH MORE THAN 16,500 REGISTERED ATHLETES EACH YEAR. IN LOCAL COMMUNITIES, ATHLETES ARE RECRUITED, TRAINED, AND PROVIDED LOCAL COMPETITION OPPORTUNITIES. EIGHT STATE-LEVEL GAMES AND TOURNAMENTS, WHICH INCLUDE ALL 17 OF THE SPORTS, ARE CONDUCTED ANNUALLY. USA NATIONAL GAMES AND WORLD GAMES ARE HELD EVERY FOUR YEARS, ALTERNATING EVERY TWO YEARS BETWEEN SUMMER AND WINTER GAMES. IN ADDITION TO 'TRADITIONAL' SPECIAL OLYMPICS SPORTS, 'UNIFIED SPORTS' DIVISIONS ARE OFFERED IN 8 SPORTS WHEREBY ATHLETES WITH AND WITHOUT DISABILITIES PLAY AS TEAMMATES. THIS 'INCLUSION' PROGRAM FOSTERS UNDERSTANDING, ACCEPTANCE AND FRIENDSHIPS AS THE PLAYERS PRACTICE, TRAVEL AND COMPETE TOGETHER. ADDITIONALLY, SPECIAL OLYMPICS TODAY CONDUCTS HEALTHY ATHLETES ACTIVITIES INCLUDING SCREENING PROGRAMS IN VISION (ATHLETES ARE GIVEN GLASSES IF NEEDED), DENTAL AND HEARING SCREENINGS (ALL PROGRAMS ARE DONATED BY PROFESSIONAL ORGANIZATIONS), AND FITNESS AND NUTRITIONAL EDUCATION. 'ATHLETE LEADERSHIP' PROGRAMS CONDUCTED BY SPECIAL OLYMPICS EMPOWER ATHLETES BY OFFERING OPPORTUNITIES TO BECOME COACHES THEMSELVES THROUGH CERTIFIED COACHES TRAINING SCHOOLS, PUBLIC SPEAKERS TRAINING, AND SERVING ON LOCAL MANAGEMENT TEAMS AS WELL AS THE STATE'S BOARD OF DIRECTORS. UNIFIED CHAMPION SCHOOLS IS SPECIAL OLYMPICS TENNESSEE'S 'YOUTH MOVEMENT' IN PUBLIC AND PRIVATE SCHOOLS WHICH BRINGS TOGETHER STUDENTS WITH AND WITHOUT DISABILITIES TO ADVOCATE FOR GREATER COMMUNITY INCLUSION OF ALL PERSONS WITH DISABILITIES. SPECIAL OLYMPICS TENNESSEE CURRENTLY HAS 38 SANCTIONED UNIFIED CHAMPION SCHOOLS WITHIN TENNESSEE. SPECIAL OLYMPICS TENNESSEE ALSO OFFERS A YOUNG ATHLETES PROGRAM FOR FAMILIES WITH CHILDREN AGES 2 TO 12 YEARS WHICH INTRODUCES BASIC SPORT SKILLS, LIKE RUNNING, KICKING AND THROWING. YOUNG ATHLETES OFFERS FAMILIES, TEACHERS, CAREGIVERS AND PEOPLE FROM THE COMMUNITY THE CHANCE TO SHARE THE JOY OF SPORTS WITH ALL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam R Germek President | Officer | 40 | $115,000 |
Elizabeth West Mccreary Chairman | OfficerTrustee | 10 | $0 |
Ken Youngstead Treasurer | OfficerTrustee | 1 | $0 |
Terry Saharski Secretary | OfficerTrustee | 1 | $0 |
Hayley Wielgus Vice Chair | OfficerTrustee | 1 | $0 |
Josh Corey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $257,395 |
| Related organizations | $0 |
| Government grants | $298,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,792,121 |
| Noncash contributions included in lines 1a–1f | $13,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,348,488 |
| Total Program Service Revenue | $0 |
| Investment income | $16,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,201 |
| Net Income from Fundraising Events | -$35,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,335,647 |
| 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. | $141,022 |
| Compensation of current officers, directors, key employees. | $4,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,508 |
| Payroll taxes | $53,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,044 |
| Advertising and promotion | $0 |
| Office expenses | $69,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,191 |
| Travel | $20,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,020 |
| Interest | $0 |
| Payments to affiliates | $30,674 |
| Depreciation, depletion, and amortization | $20,522 |
| Insurance | $56,939 |
| All other expenses | $22,056 |
| Total functional expenses | $1,510,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,679 |
| Savings and temporary cash investments | $1,166,061 |
| Pledges and grants receivable | $227,173 |
| Accounts receivable, net | $131,722 |
| 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 | $30,959 |
| Net Land, buildings, and equipment | $60,072 |
| Investments—publicly traded securities | $3,433,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,204 |
| Total assets | $6,325,051 |
| Accounts payable and accrued expenses | $96,574 |
| Grants payable | $0 |
| Deferred revenue | $67,954 |
| 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 | $164,528 |
| Net assets without donor restrictions | $6,002,023 |
| Net assets with donor restrictions | $158,500 |
| 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 | $6,325,051 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Tennessee Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Stan & Suzanne St Pierre Foundation Franklin, TN PURPOSE: DONATION FOR OPERATIONS-RETARDED | $200 |
Endowment Analysis
| Beg. Balance | $124,208 |
| Earnings | $13,635 |
| Admin Expense | $840 |
| Other Expense | $5,800 |
| Ending Balance | $131,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Virginia Inc Richmond, VA | $13,473,653 | $5,499,279 |
Special Olympics Missouri Jefferson City, MO | $19,734,066 | $4,592,039 |
Special Olympics Georgia Inc Norcross, GA | $24,685,674 | $4,133,165 |
Special Olympics North Carolina Inc Morrisville, NC | $11,145,607 | $5,201,297 |
Special Olympics Kentucky Inc Frankfort, KY | $5,775,822 | $3,582,891 |
Special Olympics Tennessee Inc Nashville, TN | $6,325,051 | $2,335,647 |
Arkansas Special Olympics Inc Little Rock, AR | $3,761,039 | $1,128,239 |
Disabled Athlete Sports Association Saint Peters, MO | $1,368,797 | $778,512 |
Alabama Special Olympics Inc Montgomery, AL | $1,354,032 | $692,504 |
Bridge Ii Sports Durham, NC | $872,732 | $731,888 |
Special Olympics Mississippi Inc Jackson, MS | $762,546 | $705,650 |
Nashville Dolphins Nashville, TN | $598,745 | $480,669 |