Special Olympics Minnesota Inc

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.

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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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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Special Olympics Minnesota Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Deluxe Corporation Foundation

Cleveland, OH

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$135,111
Earnings$18,042
Net Contributions$517,500
Ending Balance$670,653

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