Special Olympics Louisiana Inc
- Assets
- $2.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Covington, LA
- Founding
- 12/1973
- Data as of
- 12/2023
- EIN
- 72-0706608
Organization Overview
Special Olympics Louisiana Inc is located in Covington, LA. The organization was established in 1973. 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 Louisiana Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Louisiana 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 Louisiana Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 2.7% 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
THE MISSION OF SPECIAL OLYMPICS IS TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR ALL CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, 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
SPORTS, COMPETITION AND TRAINING- THE ORGANIZATION TRAINS VOLUNTEER COACHES IN WORKING WITH SPECIAL NEEDS INDIVIDUALS AND IN SPORT SPECIFIC TRAINING INSTRUCTIONS. ATHLETES PARTICIPATE IN A NUMBER OF THE COMPETITIONS HELD ANNUALLY AT THE LOCAL, PARISH, AREA AND STATE LEVEL, OFFERING COMPETITIVE EVENTS IN MORE THAN 30 SPORTS. EVERY FOUR YEARS, ATHLETES COMPETE IN USA GAMES. EVERY OTHER YEAR, ATHLETES CAN QUALIFY TO COMPETE IN EITHER THE SUMMER WORLD GAMES OR WINTER WORLD GAMES, GIVING THEM FURTHER OPPORTUNITIES TO GROW AND MEET NEW PEOPLE FROM OTHER COUNTRIES AND CULTURES. VARIOUS PROGRAMS INCLUDING UNIFIED CHAMPION SCHOOLS, UNIFIED SPORTS, FITNESS CLUBS, HEALTHY ATHLETES AND THE YOUNG ATHLETES PROGRAM PROMOTE THE HEALTH AND WELL-BEING OF ATHLETES INCLUDING INTERVENTION OF EARLY CHILDHOOD SPORTS DEVELOPMENT.
COMMUNICATIONS & MARKETING- THE ORGANIZATION HAS A GOAL OF TRANSPARENCY AND KEEPING THE PUBLIC INFORMED OF THE SERVICES PROVIDED TO LOUISIANA CITIZENS WITH INTELLECTUAL DISABILITIES. AWARENESS BRINGS ADDITIONAL OPPORTUNITIES TO REACH THE OTHER 130,000 CITIZENS WHO QUALIFY TO PARTICIPATE BUT ARE NOT YET BEING SERVED. THE PUBLIC AWARENESS, IS ACCOMPLISHED THROUGH MULTIPLE NEWSLETTERS, EMAILS, DIRECT CONTACT OF HOMES AND BUSINESSES, ANNUAL REPORTS, AND MEDIA CAMPAIGNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Guzzardo President/ce | Officer | 40 | $175,176 |
Craig Blackburn Director | Trustee | $0 | |
Paul Tanguis CPA Cgma CVA Treasure | OfficerTrustee | $0 | |
Randy Davidson Director | Trustee | $0 | |
Jill Egle Director | Trustee | $0 | |
Steve Jacobs Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,037,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,152,166 |
| Noncash contributions included in lines 1a–1f | $150,696 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,189,592 |
| Total Program Service Revenue | $0 |
| Investment income | $16,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $323,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,565,966 |
| 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. | $175,176 |
| Compensation of current officers, directors, key employees. | $8,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,544 |
| Pension plan accruals and contributions | $43,997 |
| Other employee benefits | $135,922 |
| Payroll taxes | $68,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,971 |
| Advertising and promotion | $14,086 |
| Office expenses | $18,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,742 |
| Travel | $130,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,768 |
| Insurance | $55,751 |
| All other expenses | $12,382 |
| Total functional expenses | $2,287,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,230 |
| 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 | $29,394 |
| Net Land, buildings, and equipment | $50,096 |
| Investments—publicly traded securities | $864,019 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,653 |
| Total assets | $2,441,746 |
| Accounts payable and accrued expenses | $62,687 |
| 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 | $34,821 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $97,508 |
| Net assets without donor restrictions | $1,668,903 |
| Net assets with donor restrictions | $675,335 |
| 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 | $2,441,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Texas Inc San Antonio, TX | $8,722,464 | $11,162,538 |
Special Olympics Louisiana Inc Covington, LA | $2,441,746 | $2,565,966 |
Arkansas Special Olympics Inc Little Rock, AR | $3,418,644 | $1,816,461 |
Special Olympics Mississippi Inc Jackson, MS | $947,390 | $1,058,283 |
United Rocks Plano, TX | $0 | $0 |