Special Olympics Minnesota Inc
- Assets
- $9.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Minneapolis, MN
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 41-1228157
Organization Overview
Special Olympics Minnesota Inc is located in Minneapolis, MN. 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 Minnesota Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Minnesota 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 Minnesota Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $5.1m 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
OFFERS PEOPLE WITH INTELLECTUAL DISABILITIES YEAR-ROUND SPORTS TRAINING AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS AND TRAINING: SEE SCHEDULE O FOR MORE INFORMATION.
HEALTH AND LEADERSHIP: SEE SCHEDULE O FOR MORE INFORMATION.
YOUTH AND SCHOOLS: SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dorn President/ceo | Officer | 40 | $163,501 |
William Fish Executive VP Of Developmen | 40 | $145,707 | |
Michael Kane VP Of Sports And Education | 40 | $115,434 | |
Greg Vanselow Vice President Operations | 40 | $102,063 | |
Melissa Holmes VP Of Finance | Officer | 40 | $99,956 |
Emily Peterson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,852,958 |
| Related organizations | $0 |
| Government grants | $1,463,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,544,241 |
| Noncash contributions included in lines 1a–1f | $21,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,860,838 |
| Total Program Service Revenue | $1,375 |
| Investment income | $158,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$244,900 |
| Net Income from Gaming Activities | $15,125 |
| Net Income from Sales of Inventory | $4,292 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,797,730 |
| 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. | $299,757 |
| Compensation of current officers, directors, key employees. | $239,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,921,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $275,534 |
| Payroll taxes | $158,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246 |
| Fees for services: Accounting | $60,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,276 |
| Fees for services: Investment Management | $22,478 |
| Fees for services: Other | $68,704 |
| Advertising and promotion | $119,219 |
| Office expenses | $99,636 |
| Information technology | $102,161 |
| Royalties | $0 |
| Occupancy | $338,860 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,133 |
| Interest | $0 |
| Payments to affiliates | $96,195 |
| Depreciation, depletion, and amortization | $195,532 |
| Insurance | $64,498 |
| All other expenses | $84,954 |
| Total functional expenses | $5,063,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,549,165 |
| Savings and temporary cash investments | $10 |
| Pledges and grants receivable | $234,395 |
| 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 | $42,419 |
| Prepaid expenses and deferred charges | $630,399 |
| Net Land, buildings, and equipment | $1,022,164 |
| Investments—publicly traded securities | $4,309,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $886,139 |
| Total assets | $9,674,309 |
| Accounts payable and accrued expenses | $516,348 |
| Grants payable | $0 |
| Deferred revenue | $44,364 |
| 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 | $674,527 |
| Total liabilities | $1,235,239 |
| Net assets without donor restrictions | $7,443,165 |
| Net assets with donor restrictions | $995,905 |
| 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 | $9,674,309 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Minnesota Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Deluxe Corporation Foundation Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $135,111 |
| Earnings | $18,042 |
| Net Contributions | $517,500 |
| Ending Balance | $670,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Minnesota Inc Minneapolis, MN | $9,674,309 | $6,797,730 |
Special Olympics Wisconsin Inc Madison, WI | $8,613,408 | $4,761,500 |
Iowa Special Olympics Inc Grimes, IA | $4,645,673 | $2,114,209 |
Special Olympics South Dakota Inc Sioux Falls, SD | $5,536,001 | $1,899,087 |
Lions United Fitness Center Mendota Heights, MN | $12,857 | $0 |
Roll With It Saint Cloud, MN | $51,657 | $0 |