Civic Intelligence

Lightning Basketball Inc.

990 • Fiscal year 2021 • EIN 11-3633046

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 03, 2022

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

100th percentile

16.64x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.16x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Net Margin

28th percentile

2.0%

Higher net margin than 28% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Asset Growth

89th percentile

63%

Faster asset growth than 89% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

367%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$12,742

Up $4,933 (+63%) from 2020

Net Assets

Up

-$199,336

Up $24,933 (+11%) from 2020

Liabilities

Down

$212,078

Down $20,000 (-8.6%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin28th percentile

Revenue

Up

$1,304,966

Up $1,025,791 (+367%) from 2020

Expenses

Up

$1,279,032

Up $1,000,407 (+359%) from 2020

Net Income

Up

$25,934

Up $25,384 (+4615%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2021

Assets$12,742
Liabilities$212,078
Net Assets-$199,336
Open 2021 Filing

Operations Trend

Revenue Growth94th 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

2021

Revenue$1,304,966
Expenses$1,279,032
Net Income$25,934
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 3, 2022
Return Version
2021v4.1
Gross Receipts
$1,304,966
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
Loans From Officers Directors$212,078$212,078→ $0
Cash and Non-Interest-Bearing Accounts$7,809$12,548▲ $4,739
Inventories for Sale or Use-$194-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-224,269$-199,336▲ $24,933
Total Assets$7,809$12,742▲ $4,933
Liabilities
Unsecured Notes Loans Payable$20,000--
Total Liabilities$232,078$212,078▼ $20,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$-224,269$-199,336▲ $24,933
Total Liabilities and Net Assets / Fund Balance$7,809$12,742▲ $4,933
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
James P FoxAssociate Directors
Karen CammerAssociate Directors
James M FoxExecutive Director & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$467,404
Program Service Revenue
$837,562
Investment Income
$0
Other Revenue
$0
All Other Contributions
$467,404
Change in Net Assets
$25,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,071,680
Salaries, Compensation, and Employee Benefits$207,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$302,764$0$0$302,764
Other Salaries and Wages$145,195$0$0$145,195
Other Expenses$75,207$0$0$75,207
Payroll Taxes$62,157$0$0$62,157
Total Functional Expenses$1,279,032$0$0$1,279,032
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$212,078$212,078→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
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
2022-08-03
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
5
Volunteers
0

Preparer

Firm
Cowan Spinoso & Booth LLC
Address
47 POST AVENUE, WESTBURY, NY 11590
Preparer
Christopher G Spinoso CPA
Phone
5162684960
Supplemental Narrative

Additional Explanations

Other

“Section ix, line 25, column b - other deductions”

Pt VI, Line 11B

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

Pt VI, Line 19

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

Form 990, Part IX, Line 24E

“Admin/director fees 68105. 68105. 0. 0.”

Form 990, Part IX, Line 24E

“Bank fees 27557. 27557. 0. 0.”

Form 990, Part IX, Line 24E

“Office expenses 91455. 91455. 0. 0.”

Form 990, Part IX, Line 24E

“Uniforms and equip 72801. 72801. 0. 0.”

Form 990, Part IX, Line 24E

“Insurance expense 3914. 3914. 0. 0.”

Form 990, Part IX, Line 24E

“Advertising and promo 7776. 7776. 0. 0.”

Form 990, Part IX, Line 24E

“Consulting fees 12286. 12286. 0. 0.”

Form 990, Part IX, Line 24E

“Commission 18870. 18870. 0. 0.”

Raw XML Appendix343 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/ExplanationTxt0SECTION IX, LINE 25, COLUMN B - OTHER DEDUCTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM WAS REVIEWED BY THE OFFICERS TOGETHER WITH THE ORGANIZATION'S ACCOUNTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVENING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL MAINTAINED INTHE OFFICES AT THE FACILITY AND ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UNIFORMS AND EQUIP 72801. 72801. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ADVERTISING AND PROMO 7776. 7776. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CONSULTING FEES 12286. 12286. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10COMMISSION 18870. 18870. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07809
IRS990/TotalAssetsEOYAmt012742
IRS990/TotalAssetsGrp/BOYAmt07809
IRS990/TotalAssetsGrp/EOYAmt012742
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0467404
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01279032
IRS990/TotalFunctionalExpensesGrp/TotalAmt01279032
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0232078
IRS990/TotalLiabilitiesEOYAmt0212078
IRS990/TotalLiabilitiesGrp/BOYAmt0232078
IRS990/TotalLiabilitiesGrp/EOYAmt0212078
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-224269
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-199336
IRS990/TotalProgramServiceExpensesAmt01279032
IRS990/TotalProgramServiceRevenueAmt0837562
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0837562
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01304966
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012742
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt020000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 CHERRY VALLEY AVE
IRS990/USAddress/CityNm0WEST HEMPSTEAD
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011552
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.LONGISLANDLIGHTNING.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M FOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05162924956
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHTNING BASKETBALL INC
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0113633046
ReturnHeader/Filer/PhoneNum05162924956
ReturnHeader/Filer/USAddress/AddressLine1Txt045 CHERRY VALLEY AVE
ReturnHeader/Filer/USAddress/CityNm0WEST HEMPSTEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011552
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823709526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COWAN SPINOSO & BOOTH LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt047 POST AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011590
ReturnHeader/PreparerPersonGrp/PhoneNum05162684960
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER G SPINOSO CPA
ReturnHeader/ReturnTs02022-08-17T10:40:27-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FOX
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,742
Liabilities
$212,078
Net assets
-$199,336
Revenue
$1,304,966
Expenses
$1,279,032
Net income
$25,934
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
2021Detailed filing. Detailed filing data is available for this year.$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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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