SPECIAL OLYMPICS CONNECTICUT INC

EIN: 237099756 501(c)(3)

HAMDEN, CT

Total Revenue
$7,813,925
Total Expenses
$6,752,044
Total Assets
$15,742,590
Net Assets
$12,979,475
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CT
Principal Officer
MICHAEL B MASON
Phone
2032301201
Tax Period
2024-01-01 to 2024-12-31

SPECIAL OLYMPICS CONNECTICUT INC, founded in 1987, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 14% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,432,377 Revenue: $29,700

SPECIAL OYMPICS CONNECTICUT, INC. (SOCT) PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETICS COMPETITION FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. WE SERVED 13,978 ATHLETES AND PARTNERS...

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SPECIAL OYMPICS CONNECTICUT, INC. (SOCT) PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETICS COMPETITION FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES. WE SERVED 13,978 ATHLETES AND PARTNERS THROUGHOUT THE STATE TRHOUGH LOCAL, REGIONAL AND STATE PROGRAMS. THIS YEAR, SOCT HOSTED 477 TOURNAMENTS AND COMPETITIONS IN 24 DIFFERENT SPORTS. WE PRIDE OURSELVES ON CONTRIBUTING TO THE LIFELONG PHYSICAL, SOCIAL, AND PERSONAL DEVELOPMENT OF INDIVIDUALS WITH INTELECTUAL DISABILITIES IN THE STATE, OFFERING MANY VITAL NON-COMPETITION PROGRAMS SUCH AS UNIFIED SPORTS FITNESS CLUBS, WHICH COMBINE ATHLETES WITH AND WITHOUT INTELLECTUAL DISABILITIES IN THE SAME CLUBS TO PARTICIAPATE IN A VARIETY OF FITNESS ACTIVITIES. THE ATHLETES LEADERSHIP PROGRAM (ALPS), WHICH ALLOWS OUR ATHLETES TO OPPERNUNITEY TO BE TRAINED IN COMMUNICATION AND PRESENTING SKILLS. IN RETURN, SERVE AS SPOKESPERSON FOR THE ORGANIZATION; THE HEALTHY ATHLETES PROGRAM WHICH IS DESIGNED TO HELP OUR ATHLETES IMPROVE THEIR OVERALL HEALTH AND FITNESSBY RECEIVING A VARIETY OF HEALTH SERVICES CONDUCTED BY CERTIFIED CLINICIANS; AND THE YOUNG ATHLETES PROGRAM WHICH FOCUSES ON DEVELOPING GROSS AND FINE MOTOR SKILLS, EYE/HAND COORDINATION AND SKILLS NECESSARY FOR THESE CHILDREN WITH INTELLECTUAL DISABILITIES TO COMPLETE IN SPECIAL COMPETITION ONCE THEY REACH AGE 8. TOTAL DONATED GOODS AND SERVICES OF $2,880,234 SUPPORTED THESE PROGRAMS INTIATIVES.

Program 2
Expenses: $2,019,373 Revenue: $19,650

WINTER GAMES - 481 ATHLETES AND PARTNERS FROM ACROSS THE STATE TRAINED AND COMPLETED IN THE OLYMPICS-STYLE WINTER SPORTS OF SHOWSHOEING, CROSS COUNTRY SKIING, ALPHINE SKIING, SNOWBOARDING, FIGURE AND...

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WINTER GAMES - 481 ATHLETES AND PARTNERS FROM ACROSS THE STATE TRAINED AND COMPLETED IN THE OLYMPICS-STYLE WINTER SPORTS OF SHOWSHOEING, CROSS COUNTRY SKIING, ALPHINE SKIING, SNOWBOARDING, FIGURE AND SPEED SKATING, CURLING, FLOOR HOCKEY, TRADITIONAL BASKETBALL AND GYMNASTICS. ATHLETES ALSO RECEIVED FREE HEALTH PROMOTIONS AND FUN FITNESS SCREENING AS PART OF OUR HEALTHY ATHLETES' PROGRAM. TOTAL DONATED GOODS AND SERVIESS OF $408,783 SUPPORTED THESE INITIATIVES.

Program 3
Expenses: $779,218 Revenue: $92,280

SUMMER GAMES - 1,701 ATHLETES AND PARTNERS FROM ACROSS THE STATE TRAINED AND COMPLETED IN THE OLYMPIC-STYLE SUMMER GAMES SPORTS OF ATHLETICS: TRACK & FIELD, CYCLING, AQUATICS, SOCCER, AND TENNIS...

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SUMMER GAMES - 1,701 ATHLETES AND PARTNERS FROM ACROSS THE STATE TRAINED AND COMPLETED IN THE OLYMPIC-STYLE SUMMER GAMES SPORTS OF ATHLETICS: TRACK & FIELD, CYCLING, AQUATICS, SOCCER, AND TENNIS. ATHLETES ALSO PARTICIPATED IN THE HEALTHY ATHLETES'S PROGRAM, DESIGNED TO HELP IMPROVE THEIR OVERALL CONDUCTED ON-SITE AT SOUTHERN CONNECTICUT STATE UNIVERISTY THROUGHOUT THE DUREATION OF SPORTS COMPETITION IS BROKEN UP INTO 7 MAJOR CATEGORIES; SPECIAL SMILES, HEALTHY HEARING, OPENNING EYES, FUN FITNESS, HEALTHY PROMOTIONS, FIT FIVE, AND FIT FEET. TOTAL DONATED GOODS AND SERVIES OF $270,191 SUPPORTED THESE INITIATIVES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,457,506
Program Service Revenue $200,010
Investment Income $234,782
Other Revenue $-78,373
TOTAL REVENUE $7,813,925

Expense Breakdown

Grants Paid $823,600
Salaries & Benefits $2,863,646
Fundraising Expenses $1,405,673
Program Expenses $4,563,185
Other Expenses $3,064,798
TOTAL EXPENSES $6,752,044

Year-over-Year Comparison

2024 2023 Change
Revenue $7,813,925 $5,296,107 +0.5%
Expenses $6,752,044 $5,485,945 +0.2%
Net Income $1,061,881 $-189,838 -6.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
36
Volunteers
8890

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$425,150
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATHEW S NECCI ESQ BOARD CHAIR, STRATEGIC PLAN TASK FORCE CHAIR, BOAR 2.00
Officer Director
$0 $0 $0
CHARLES MCLAUGHLIN VICE CHAIR, CO-BOARD MGMT CHAIR, PROGRAM COMM., CO 2.00
Officer Director
$0 $0 $0
KEITH JOHNSON FINANCE CHAIR, TREASURER, VIF TASK FORCE, BUILDING 2.00
Officer Director
$0 $0 $0
DONALD L BOWNE DEVELOPMENT COMMITTEE CHAIR, BUILDING TASK FORCE 2.00
Director
$0 $0 $0
EUGINE CARO JR CO-PROGRAM COMMITTEE CHAIR 2.00
Director
$0 $0 $0
ROBERT S GALVID MD HEALTH & WELLNESS COMMITTEE CHAIR 2.00
Director
$0 $0 $0
NICHOLAS SEMINARA BOARD SECRETARY, DEI TASK FORCE, STRTEGIC PLAN TAS 2.00
Officer Director
$0 $0 $0
CLAUDETTE BEAMON HUMAN RESOURCE CHAIR, DEI COMM., BOARD MGMT COMM., 2.00
Director
$0 $0 $0
KATHLEEN HAYES DEI COMMITTEE CHAIR, HUMAN RESOURCE COMM., BUILDIN 2.00
Director
$0 $0 $0
DAVID BREMER DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
JOHN BRODY DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
KIT GEIS DEVELOPMENT COMMITTEE, BUILDING TASK FORCE 2.00
Director
$0 $0 $0
BRETT GLASER DEI COMMITTEE, CIAC UNIFIED SCHOOLS BOARD OF CONTR 2.00
Director
$0 $0 $0
JASON GUYOT DEVELOPMENT COMMITTEE, BUILDING TASK FORCE 2.00
Director
$0 $0 $0
KRISTI KAHN AUDIT/FINANCE COMMITTEE 2.00
Director
$0 $0 $0
LISA KOVLAKAS DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
KIMBERLY MALAN PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
TAHJ MCCALL PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
CHIEF PAUL MELANSON DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
AMY OLDENBURG DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
JOSH PANDOLFI DEVELOPMENT COMMITTEE 2.00
Director
$0 $0 $0
MICHAEL PENDELL PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
SEAN RABINOWITZ DEVELOPMENT COMM., BUILDING TASK FORCE, CIAC UNIFI 2.00
Director
$0 $0 $0
MICHELLE REPASS PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
COLETT RUBIO BOARD MGMT COMM., VIF TASK FORCE, DEI COMMITTEE 2.00
Director
$0 $0 $0
PETER SCOTELLA BOARD MGMT COMM., DEI COMMITTEE, COMMITTEE TASK FO 2.00
Director
$0 $0 $0
RONALD SMITH AUDIT/FINANCE COMMITTEE 2.00
Director
$0 $0 $0
JENNIFER STREET PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
TIZZIANA WEBER PROGRAM COMMITTEE 2.00
Director
$0 $0 $0
MICHAEL B MASON PRESIDENT & CEO 40.00
Officer
$215,098 $30,656 $245,754
AMBER TENCIC CFO & CHIEF DIVERSITY OFFICER 40.00
Officer
$150,072 $29,324 $179,396
CHRISTY MILLER SENIOR DIRECTOR, DONAR IMPACT 40.00
Highest
$121,463 $12,594 $134,057
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,813,925 $6,752,044 $15,742,590 $1,061,881
2023 $5,296,107 $5,485,945 $11,805,113 $-189,838
2022 $5,384,310 $5,280,107 $11,412,303 $104,203
2021 $6,428,679 $3,571,159 $12,177,475 $2,857,520
2020 $4,665,015 $4,138,387 $10,434,437 $526,628
2019 $5,793,393 $5,589,880 $9,445,972 $203,513
2018 $4,919,158 $4,951,024 $8,662,282 $-31,866
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