Special Olympics New Jersey Inc
- Assets
- $19.6m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 49
- Location
- Lawrenceville, NJ
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 23-7448729
Organization Overview
Special Olympics New Jersey Inc is located in Lawrenceville, NJ. The organization was established in 1983. 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 New Jersey Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics New Jersey 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 New Jersey Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $6.5m 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
TO PROVIDE YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN SHARING GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL OLYMPICS NEW JERSEY PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN 24 SPORTS TO MORE THAN 20,000 INDIVIDUALS WITH INTELLECTUAL DISABILITIES THROUGHOUT THE STATE. MORE THAN 265 COMPETITIONS ARE CONDUCTED ANNUALLY. OTHER PROGRAMS INCLUDE UNIFIED CHAMPION SCHOOLS, ENGAGING SCHOOLS AND YOUTH LEADERS TO PROMOTE SOCIAL INCLUSION THROUGH DISABILITY AWARENESS AND UNIFIED SPORTS ACTIVITIES; THE YOUNG ATHLETES PROGRAM TO PROMOTE PRE-SPORTS SKILLS IN CHILDREN TWO AND A HALF TO SEVEN; ATHLETE EMPOWERMENT PROGRAMS SUCH AS THE ATHLETE INPUT COUNCIL, ATHLETE UNIVERSITY AND ATHLETE GLOBAL MESSENGER; CAMP SHRIVER, A FREE SUMMER SPORTS CAMP; HEALTH AND WELLNESS PROGRAMS PROVIDING FREE MEDICAL SCREENINGS AND EDUCATION; AND COLLEGE UNIFIED SPORTS, PARTNERING COLLEGE-AGED ATHLETES WITH COLLEGE STUDENTS ON THE SAME TEAM, AT COLLEGES AROUND THE STATE. ALL PROGRAMS ARE FREE TO REGISTERED ATHLETES AND THEIR FAMILIES.GENUINE JERSEY PRIDE DEFINES SPECIAL OLYMPICS NEW JERSEY AND CELEBRATES THE IMPACT WE HAVE ON ALL WHO PARTICIPATE AS WELL AS THOSE PRIVILEGED TO WITNESS THE MAGIC EVERY TIME AN ATHLETE WITH AN INTELLECTUAL DISABILITY TAKES THE FIELD, SCORES A GOAL, ACHIEVES A PERSONAL BEST TIME OR SIMPLY EXPERIENCES THE JOY OF PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Andersen President And CEO | Officer | 40 | $244,546 |
Carmen Bannon Chief Program Development | 40 | $151,592 | |
William Deponte Chief Program Development | 40 | $139,000 | |
Jason Schubert Sr. Dir. Of Le Sponsorship | 40 | $124,866 | |
Carolyn Morano Member | 40 | $109,616 | |
Diane Paraskevas Sr. Di.r Of Corp. Developm | 40 | $106,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,310,584 |
| Related organizations | $0 |
| Government grants | $1,768,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,020,961 |
| Noncash contributions included in lines 1a–1f | $207,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,099,910 |
| Total Program Service Revenue | $0 |
| Investment income | $132,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $652,781 |
| Net Income from Fundraising Events | -$397,350 |
| Net Income from Gaming Activities | $23,736 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,511,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,351 |
| 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. | $350,576 |
| Compensation of current officers, directors, key employees. | $14,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,604,500 |
| Pension plan accruals and contributions | $166,903 |
| Other employee benefits | $674,350 |
| Payroll taxes | $237,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $133,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,594 |
| Advertising and promotion | $837,378 |
| Office expenses | $114,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,734 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,945 |
| Insurance | $116,052 |
| All other expenses | $120,033 |
| Total functional expenses | $6,508,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,844,030 |
| Pledges and grants receivable | $508,317 |
| 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 | $204,996 |
| Net Land, buildings, and equipment | $4,432,056 |
| Investments—publicly traded securities | $10,533,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,598 |
| Total assets | $19,561,319 |
| Accounts payable and accrued expenses | $623,001 |
| Grants payable | $0 |
| Deferred revenue | $503,746 |
| 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 | $1,126,747 |
| Net assets without donor restrictions | $18,434,572 |
| 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 | $19,561,319 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Special Olympics New Jersey Inc has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
I J & Mary Larosa Memorial Foundation Inc Lincoln Park, NJ PURPOSE: TO PROVIDE SPORTS TRAININGAND ATHLETIC COMPETITION TOCHILDREN AND ADULTS WITH INTELLECTUAL ISSUES | $200 |
The Miller Family Foundation Inc South Orange, NJ PURPOSE: GENERAL CONTRIBUTION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Olympics New York Inc Albany, NY | $6,197,099 | $8,184,813 |
Special Olympics Pennsylvania Inc Norristown, PA | $10,787,138 | $6,873,918 |
Special Olympics New Jersey Inc Lawrenceville, NJ | $19,561,319 | $8,511,480 |
Delaware Special Olympics Inc Newark, DE | $3,135,489 | $2,043,458 |
Miracle League Of Northampton County Palmer, PA | $777,556 | $94,413 |
North Jersey Navigators Inc Bayonne, NJ | $37,206 | $0 |
Be The Best Sport Inc Port Washington, NY | $22,641 | $0 |
Association Of Blind Athletes Of Nj Inc Belmar, NJ | $66,987 | $0 |
Friends To Friends Export, PA | $5,092 | $0 |
Wheelchair Sports Federation Inc Middle Village, NY | $45,864 | $0 |
Western Pennylvania Special Hockey Association Pittsburgh, PA | $150,419 | $2,614 |
Hunterdon Outreach Programs Flemington, NJ | $25,342 | $0 |