Special Olympics Montana Inc
- Assets
- $16.6m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Great Falls, MT
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 81-0367064
Organization Overview
Special Olympics Montana Inc is located in Great Falls, MT. The organization was established in 1995. 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 Montana Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Olympics Montana 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 Montana Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $2.2m 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
THE MISSION OF SPECIAL OLYMPICS IS 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 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
SPECIAL OLYMPICS MONTANA, INC HELD STATE GAME EVENTS FOR PERSONS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Mccarty President | OfficerTrustee | 40 | $105,819 |
Pat Mccraney VP Finance | Officer | 40 | $75,386 |
Bob Norbie Executive Director Of Endo | Officer | 40 | $48,724 |
Darryl Seymour Chairman | OfficerTrustee | 1 | $0 |
Renee Newman Vice Chairman | OfficerTrustee | 1 | $0 |
Michael Combo Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,952 |
| Membership dues | $0 |
| Fundraising events | $302,490 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,910,862 |
| Noncash contributions included in lines 1a–1f | $74,210 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,216,304 |
| Total Program Service Revenue | $205 |
| Investment income | $191,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $544,226 |
| Net Income from Fundraising Events | -$6,831 |
| Net Income from Gaming Activities | $521,228 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,466,285 |
| 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. | $229,928 |
| Compensation of current officers, directors, key employees. | $26,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $970,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,631 |
| Payroll taxes | $101,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,500 |
| Advertising and promotion | $2,686 |
| Office expenses | $116,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,801 |
| Travel | $39,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,653 |
| Interest | $3,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,843 |
| Insurance | $31,316 |
| All other expenses | $20,180 |
| Total functional expenses | $2,163,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,399,789 |
| Savings and temporary cash investments | $266,330 |
| Pledges and grants receivable | $1,710,090 |
| 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 | $19,279 |
| Prepaid expenses and deferred charges | $6,957 |
| Net Land, buildings, and equipment | $256,716 |
| Investments—publicly traded securities | $10,890,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,982 |
| Total assets | $16,598,687 |
| Accounts payable and accrued expenses | $131,844 |
| 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 | $80,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,570 |
| Total liabilities | $327,543 |
| Net assets without donor restrictions | $5,731,023 |
| Net assets with donor restrictions | $10,540,121 |
| 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 | $16,598,687 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Special Olympics Montana Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
James And Chloe Gilman Charitable Foundation Inc Butte, MT PURPOSE: SPONSOR STATE BASKETBALL TOURNAMENT | $2,500 |
Endowment Analysis
| Beg. Balance | $6,919,340 |
| Earnings | $702,623 |
| Net Contributions | $3,398,534 |
| Other Expense | $727,647 |
| Ending Balance | $10,292,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ability Center Park City, UT | $28,886,083 | $8,062,323 |
Special Olympics Colorado Centennial, CO | $5,477,737 | $6,040,325 |
Special Olympics Minnesota Inc Minneapolis, MN | $9,674,309 | $6,797,730 |
Special Olympics Washington Seattle, WA | $9,134,596 | $7,407,915 |
Adaptive Sports Center Of Crested Butte Inc Crested Butte, CO | $19,319,284 | $4,998,660 |