Overview
What is Special Olympics New Mexico Inc?
Special Olympics New Mexico Inc, with its headquarters in Albuquerque, New Mexico, serves as a vital platform for 3700 individuals with intellectual disabilities. The nonprofit organization offers year-round training and competitions in 12 diverse sports, allowing participants to engage at both the area and state levels. Despite the challenges posed by COVID-19, Special Olympics New Mexico Inc managed to conduct two face-to-face competitions and provide virtual programming, encompassing fitness challenges, social engagement activities, and wellness programs. A total of 1,699 athletes and 93 certified coaches took part in these initiatives. Moreover, the organization extended its reach to schools across New Mexico, offering Unified Sports opportunities for over 600 students. With a dedicated workforce of 18 employees, Special Olympics New Mexico Inc is committed to fostering a supportive environment for individuals with intellectual disabilities, empowering them to participate in and excel in sports.
Official website here: www.sonm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
Special Olympics New Mexico Inc has received an impressive Four-Star rating from Charity Navigator, indicating high organizational effectiveness and financial health. The charity excels particularly in accountability and finance, scoring a perfect 100%. They have an independent board consisting of 18 members, and their financial oversight mechanisms are robust, with no report of asset diversion, showcasing strong governance practices.
The organization demonstrates a solid commitment to programmatic spending, with 73.59% of expenses directed towards their programs. This reflects their dedication to fulfilling their mission of providing athletic opportunities for individuals with intellectual disabilities. Additionally, their fundraising efficiency is commendable, allowing more funds to reach the intended beneficiaries.
However, there are some areas for improvement noted in the equity strategies score, which stands at 83 out of 100. While their feedback collection processes have received a perfect score, the organization could enhance its equity policies and data practices, as reflected in the lower scores for equity data and processes. Overall, Special Olympics New Mexico Inc stands as a well-managed nonprofit with a strong focus on accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Special Olympics New Mexico Inc legitimate?
Special Olympics New Mexico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Special Olympics New Mexico Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $129,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $714,072
For more financial information, click here
Official website here: www.sonm.org
What is the mission statement of Special Olympics New Mexico Inc?
Special Olympics New Mexico Inc's mission is to provide year-round sports training and competitive opportunities in various Olympic-style sports for children and adults with intellectual disabilities. Their objective is to empower these individuals through sports, fostering inclusivity and promoting their overall well-being. Despite the challenges posed by COVID-19, Special Olympics New Mexico managed to offer sports training and virtual programming, including fitness challenges, social engagement activities, and wellness programs, to over 1,699 athletes and 93 certified coaches. The organization also extends its reach to schools, offering Unified Sports opportunities to over 600 students throughout New Mexico.
Official website here: www.sonm.org
Who is the CEO of Special Olympics New Mexico Inc?
Randy Mascorella is the Chairman of Special Olympics New Mexico Inc.
Official website here: www.sonm.org
What is the revenue of Special Olympics New Mexico Inc?
Special Olympics New Mexico Inc's revenue in 2022 was $2,091,728.
Official website here: www.sonm.org
Who are the executives of Special Olympics New Mexico Inc and what are their salaries?
The average compensation at Special Olympics New Mexico Inc during 2022 was $46,853. There are 18 employees at Special Olympics New Mexico Inc.
Here are 18 key members and their salaries:
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- Compensation: $116,142
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- Other: $13,139
Official website here: www.sonm.org
Where can I find the form 990 for Special Olympics New Mexico Inc?
Special Olympics New Mexico Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sonm.org
Learn more at the official website: www.sonm.org
Mission Statement of Special Olympics New Mexico Inc
Special Olympics New Mexico, in its mission, provides year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with mental challenges, often referred to as intellectual disabilities. The organization's primary goal is to offer these individuals an opportunity to engage in regular sports training and participate in competitions at the area and state levels, fostering a sense of achievement and inclusion. Due to the ongoing COVID-19 pandemic, Special Olympics New Mexico had to adapt its services, offering only two face-to-face competitions alongside virtual programming. This included fitness challenges, social engagement activities, and wellness programs, which were attended by 1,699 special Olympics athletes and 93 certified coaches. Furthermore, the organization extended its reach into schools across New Mexico, offering unified sports opportunities to over 600 students, promoting inclusion and understanding within the community.
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Impact
July, 2024
Special Olympics New Mexico Inc's impact is significant in providing year-round sports training and athletic competition opportunities for children and adults with intellectual disabilities. They offer 3700 individuals with intellectual disabilities the chance to train and compete in 12 sports at the area and state levels. Despite the challenges posed by COVID-19, Special Olympics New Mexico was able to provide virtual programming along with limited face-to-face competitions, engaging 1,699 athletes and 93 certified coaches. Additionally, they offered Unified Sports opportunities in schools to over 600 students across New Mexico, promoting social inclusion and sports participation.
This information is meant to be a general summary of Special Olympics New Mexico Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,421
- Program Service Revenue: $115,921
- Gross Receipts: $2,281,238
Assets and Liabilities:
- Total Assets: $2,795,842
- Total Liabilities: $32,674
- Net Assets: $2,763,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$115,921
Organization Details
Founding Year
1977
Phone
(505) 856-0342Principal Officer
Randy Mascorella
Main Address
6600 PALOMAS NE SUITE 207, ALBUQUERQUE, NM, 87109
Website
www.sonm.orgNTEE Category
Code: N70 - Recreation
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