Civic Intelligence

Lightning Basketball Inc.

990 • Fiscal year 2017 • EIN 11-3633046

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 26, 2018

Organization Profilewww.longislandlightning.com
45 Cherry Valley AveWest Hempstead, NY 11552

(516) 292-4956

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-7.9%

Higher net margin than 18% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

5.6%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $80,014 (-100%) from 2016

Net Assets

Down

-$35,376

Down $115,390 (-144%) from 2016

Liabilities

Up

$35,376

Up $35,376 from 2016

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin18th percentile

Revenue

Up

$1,457,129

Up $76,743 (+5.6%) from 2016

Expenses

Up

$1,572,519

Up $253,282 (+19%) from 2016

Net Income

Down

-$115,390

Down $176,539 (-289%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200K-$400KAssets 2010: $4,574Liabilities 2010: $0Net Assets 2010: $4,5742010Assets 2011: $15,542Liabilities 2011: $0Net Assets 2011: $15,5422011Assets 2012: $20,869Liabilities 2012: $0Net Assets 2012: $20,8692012Assets 2013: $43,316Liabilities 2013: $0Net Assets 2013: $43,3162013Assets 2014: $0Liabilities 2014: $4,443Net Assets 2014: -$4,4432014Assets 2015: $18,865Liabilities 2015: $0Net Assets 2015: $18,8652015Assets 2016: $80,014Liabilities 2016: $0Net Assets 2016: $80,0142016Assets 2017: $0Liabilities 2017: $35,376Net Assets 2017: -$35,3762017Assets 2018: $0Liabilities 2018: $90,962Net Assets 2018: -$90,9622018Assets 2019: $0Liabilities 2019: $225,770Net Assets 2019: -$225,7702019Assets 2020: $7,809Liabilities 2020: $232,078Net Assets 2020: -$224,2692020Assets 2021: $12,742Liabilities 2021: $212,078Net Assets 2021: -$199,3362021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$0
Liabilities$35,376
Net Assets-$35,376
Open 2017 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $902,5412010Expenses 2011: $1,136,3212011Expenses 2012: $1,072,8712012Revenue 2013: $1,444,131Expenses 2013: $1,421,684Net Income 2013: $22,4472013Revenue 2014: $1,419,751Expenses 2014: $1,467,510Net Income 2014: -$47,7592014Revenue 2015: $1,608,266Expenses 2015: $1,584,958Net Income 2015: $23,3082015Revenue 2016: $1,380,386Expenses 2016: $1,319,237Net Income 2016: $61,1492016Revenue 2017: $1,457,129Expenses 2017: $1,572,519Net Income 2017: -$115,3902017Revenue 2018: $1,447,975Expenses 2018: $1,503,561Net Income 2018: -$55,5862018Revenue 2019: $1,449,251Expenses 2019: $1,499,629Net Income 2019: -$50,3782019Revenue 2020: $279,175Expenses 2020: $278,625Net Income 2020: $5502020Revenue 2021: $1,304,966Expenses 2021: $1,279,032Net Income 2021: $25,9342021Revenue 2022: $1,632,155Expenses 2022: $1,829,698Net Income 2022: -$197,5432022

Highlighted filing

2017

Revenue$1,457,129
Expenses$1,572,519
Net Income-$115,390
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 26, 2018
Return Version
2017v2.3
Gross Receipts
$1,457,129
Mission and Program Overview

Mission

Long island lightning is an organization that is devoted to children, ages 9-17, and their development of basketball skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$80,014--
Loans From Officers Directors-$7,798-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$80,014$-35,376▼ $115,390
Total Assets$80,014$0▼ $80,014
Liabilities
Unsecured Notes Loans Payable-$27,578-
Total Liabilities$0$35,376▲ $35,376
Net Assets / Fund Balance
Total Net Assets Fund Balance$80,014$-35,376▼ $115,390
Total Liabilities and Net Assets / Fund Balance$80,014$0▼ $80,014
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Rosemary NiesVice President
James M FoxExecutive Director
Bruce EiberSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$338,686
Program Service Revenue
$1,118,443
Investment Income
$0
Other Revenue
$0
All Other Contributions
$338,686
Change in Net Assets
$-115,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,572,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$319,611--$319,611
Other Expenses$203,794--$203,794
Total Functional Expenses$1,572,519$0$0$1,572,519
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$7,798-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The form was reviewed by the officers together with the organization's accountant.”

Form 990, Part VI, Section C, line 19

“The organization's govening documents, conflict of interest policy and financial statements are all maintained in the offices at the facility and are available upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“James M. Fox - 22 Ring Lane, Levittown, NY 11756. Rosemary Nies - 75 Haven Lane, Levittown, NY 11756. Bruce Eiber - 10 Hilldale Drive, Searingtown, NY 11550.”

Filing and Contact Details

Filer

Filer Name
Lightning Basketball Inc
EIN
11-3633046
Phone
5162924956
Address
45 Cherry Valley Ave, West Hempstead, NY 11552

Signing Officer

Name
James M Fox
Title
Executive Director
Phone
5162924956
Signed
2018-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Fox
Formed
1993
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Barry J Charles CPA
Address
225 Liberty Street Suite 1020A, New York, NY 10281
Preparer
Barry J Charles
Phone
2128455050
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

“Uniforms and Equipment: Program service expenses 164,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 164,954. Insurance: Program service expenses 79,111. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,111. Office Expenses: Program service expenses 35,366. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,366. Bank Charges: Program service expenses 20,557. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,557. Advertising and Promotion: Program service expenses 12,822. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,822. Telephone: Program service expenses 6,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,801.”

Raw XML Appendix308 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form was reviewed by the officers together with the organization's accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's govening documents, conflict of interest policy and financial statements are all maintained in the offices at the facility and are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2James M. Fox - 22 Ring Lane, Levittown, NY 11756. Rosemary Nies - 75 Haven Lane, Levittown, NY 11756. Bruce Eiber - 10 Hilldale Drive, Searingtown, NY 11550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Uniforms and Equipment: Program service expenses 164,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 164,954. Insurance: Program service expenses 79,111. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,111. Office Expenses: Program service expenses 35,366. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,366. Bank Charges: Program service expenses 20,557. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,557. Advertising and Promotion: Program service expenses 12,822. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,822. Telephone: Program service expenses 6,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,801.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII Contact Addresses for Officers, Directors, Etc
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-26
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ReturnHeader/Filer/PhoneNum05162924956
ReturnHeader/Filer/USAddress/AddressLine1Txt045 Cherry Valley Ave
ReturnHeader/Filer/USAddress/CityNm0West Hempstead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011552
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02E8091F6D9FB2062E774B46667736DB9030F5373
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02E8091F6D9FB2062E774B46667736DB9030F5373
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.96.183.15
ReturnHeader/FilingSecurityInformation/IPDt02018-07-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:20:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barry J Charles CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 Liberty Street Suite 1020A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010281
ReturnHeader/PreparerPersonGrp/PhoneNum02128455050
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barry J Charles
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-07T16:18:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$35,376
Net assets
-$35,376
Revenue
$1,457,129
Expenses
$1,572,519
Net income
-$115,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$1.63$1.83$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.21$0.20$1.30$1.28$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.23$0.22$0.28$0.28$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.23$0.23$1.45$1.50$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.09$0.09$1.45$1.50$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.04$0.04$1.46$1.57$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.00$0.08$1.38$1.32$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$1.61$1.58$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.42$1.47$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$1.44$1.42$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$1.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.90