Special Olympics Rhode Island Inc
- Assets
- $5.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Smithfield, RI
- Founding
- 02/1979
- Data as of
- 12/2022
- EIN
- 05-0377867
Organization Overview
Special Olympics Rhode Island Inc is located in Smithfield, RI. The organization was established in 1979. 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 Rhode Island Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Rhode Island 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 Rhode Island Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 1.5% 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
TO PROVIDE YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE YEAR-ROUND SPORTS TRAINING $ ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Dejesus Retired 72022 Former President & CEO | Officer | 40 | $90,639 |
Edwin Pacheco Hired 52022 President & CEO | Officer | 40 | $94,904 |
Staci Kolb Chairman | OfficerTrustee | 2 | $0 |
Robin Moses Vice Chairman | OfficerTrustee | 2 | $0 |
Tim Rishton Treasurer | OfficerTrustee | 2 | $0 |
Chris Eden Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,836 |
| Related organizations | $0 |
| Government grants | $337,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $940,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,338,212 |
| Total Program Service Revenue | $108,457 |
| Investment income | $15,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $508,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,970,073 |
| 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. | $203,043 |
| Compensation of current officers, directors, key employees. | $24,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $780,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,577 |
| Payroll taxes | $70,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,877 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,900 |
| Office expenses | $29,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,277 |
| Travel | $22,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,418 |
| Interest | $0 |
| Payments to affiliates | $28,354 |
| Depreciation, depletion, and amortization | $66,345 |
| Insurance | $26,710 |
| All other expenses | $0 |
| Total functional expenses | $1,858,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,541 |
| Savings and temporary cash investments | $105,551 |
| Pledges and grants receivable | $130,142 |
| 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 | $34,441 |
| Net Land, buildings, and equipment | $2,111,406 |
| Investments—publicly traded securities | $1,578,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,408,399 |
| Accounts payable and accrued expenses | $89,578 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $248,186 |
| Total liabilities | $337,764 |
| Net assets without donor restrictions | $4,854,766 |
| Net assets with donor restrictions | $215,869 |
| 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 | $5,408,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 Rhode Island Inc Smithfield, RI | $5,408,399 | $1,970,073 |
Boston Bruins Alumni Association Boston, MA | $191,588 | $209,826 |
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 |
Great Blizzards Of Massachusetts Plymouth, MA | $27,537 | $0 |