Special Olympics New Mexico Inc
- Assets
- $2.8m
- Revenue
- $2.1m
- Investments
- $31.2k
- Employees
- 18
- Location
- Albuquerque, NM
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 85-0268084
Organization Overview
Special Olympics New Mexico Inc is located in Albuquerque, NM. The organization was established in 1980. 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 12/2022, Special Olympics New Mexico Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics New Mexico 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 12/2022, Special Olympics New Mexico Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPECIAL OLYMPICS NEW MEXICO PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH MENTAL CHALLENGES (INTELLECTUAL DISABILITIES).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND COMPETITION - THE SERVICES PROVIDED BY SPECIAL OLYMPICS NEW MEXICO (SONM) IS THAT OF OFFERING 3700 CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES THE OPPORTUNITY TO TRAIN AND COMPETE YEAR-ROUND IN 12 SPORTS AT THE AREA AND STATE LEVEL. DUE TO COVID 19, SPECIAL OLYMPICS WAS ONLY ABLE TO OFFER TWO FACE-TO-FACE COMPETITIONS, AS WELL AS VIRTUAL PROGRAMMING INCLUDING FITNESS CHALLENGES, SOCIAL ENGAGEMENT ACTIVITIES, AND WELLNESS PROGRAMS. 1,699 SPECIAL OLYMPICS ATHLETES PARTICIPATED, AS WELL AS 93 CERTIFIED COACHES. SONM WAS ABLE TO OFFER UNIFIED SPORTS OPPORTUNITIES IN THE SCHOOLS TO OVER 600 STUDENTS THROUGHOUT NEW MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dub Girand Chairman | OfficerTrustee | 2 | $0 |
Warren Ellis 1st Vice Cha | OfficerTrustee | 2 | $0 |
Ryan Danoff 2nd Vice Cha | OfficerTrustee | 2 | $0 |
Dacia Card Treasurer | OfficerTrustee | 2 | $0 |
Kari Graeber Secretary | OfficerTrustee | 2 | $0 |
Valeria Olave Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $131,868 |
| Membership dues | $0 |
| Fundraising events | $371,865 |
| Related organizations | $0 |
| Government grants | $756,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $809,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,069,616 |
| Total Program Service Revenue | $115,921 |
| Investment income | $9,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$109,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,091,728 |
| 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. | $129,281 |
| Compensation of current officers, directors, key employees. | $19,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $714,072 |
| Pension plan accruals and contributions | $19,322 |
| Other employee benefits | $46,883 |
| Payroll taxes | $64,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,984 |
| Advertising and promotion | $0 |
| Office expenses | $65,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,108 |
| Travel | $13,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,054 |
| Insurance | $18,551 |
| All other expenses | $67,535 |
| Total functional expenses | $2,023,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,343 |
| Savings and temporary cash investments | $2,571,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,392 |
| 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 | $14,220 |
| Net Land, buildings, and equipment | $12,258 |
| Investments—publicly traded securities | $55,058 |
| Investments—other securities | $31,151 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,795,842 |
| Accounts payable and accrued expenses | $19,416 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $10,758 |
| Total liabilities | $32,674 |
| Net assets without donor restrictions | $2,763,168 |
| 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 | $2,795,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics Texas Inc San Antonio, TX | $8,722,464 | $11,162,538 |
National Ability Center Park City, UT | $38,811,411 | $14,509,897 |
Special Olympics Arizona Inc Goodyear, AZ | $10,993,338 | $9,056,365 |
Special Olympics Colorado Centennial, CO | $6,998,592 | $6,339,664 |
Adaptive Sports Center Of Crested Butte Inc Crested Butte, CO | $20,924,513 | $4,762,935 |
F R I E N D S Of Broomfield Broomfield, CO | $4,582,193 | $3,387,883 |
Special Olympics Oklahoma Inc Tulsa, OK | $6,930,946 | $2,471,589 |
Special Olympics New Mexico Inc Albuquerque, NM | $2,795,842 | $2,091,728 |
Special Olympics Utah Inc Draper, UT | $1,608,181 | $1,348,258 |
The Mexico Senior Olympics Inc Roswell, NM | $480,153 | $982,890 |
Adaptive Sports Program New Mexico Inc Santa Fe, NM | $221,526 | $282,303 |
The Barn Goodyear, AZ | $111,914 | $0 |
United Rocks Plano, TX | $0 | $0 |