Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Fantasy of Lights Basketball Tournament
EIN 20-1531286 • 501(c)3 • Iowa Park, TX
Profile
Fostering youth sports competition
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$0
Down $13,111 (-100%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$0
Down $13,111 (-100%) from 2023
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$13,111
Down $56,433 (-81%) from 2023
Net Income
-
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- -
- Net assets
- $0
- Revenue
- -
- Expenses
- $13,111
- Net income
- -
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2023 to May 31, 2024
- Signed
- May 21, 2025
- Return Version
- 2023v6.0
Mission and Program Overview
Mission
Fostering youth sports competition
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FROM THE AREA TO HELP THEM TO ACHIEVE THEIR EDUCATIONAL GOALS. THE ORGANIZATION ALSO MAKES CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS THAT PROVIDE SERVICE THROUGHTOUT THE COMMUNITY. MANY OF THE ORGANIZATIONS ACTIVITIES INVOLVE THE WELFARE AND EDUCATION OF THE YOUTH THROUGHOUT THE AREA. | - | $12,116 |
| TO ORGANIZE, PROMOTE AND ADMINISTER A BASKETBALL TOURNAMENT FOR THE FIVE STATE AREA OF TEXAS, OKLAHOMA, ARKANSAS, LOUISIANA, AND NEW MEXICO. THE GOAL OF THE TOURNAMENT IS TO PROVIDE AN OPPORTUNITY FOR ATHLETIC COMPETITION BETWEEN TEAMS AND THE DEVELOPMENT OF SPORTSMANSHIP AMONG THE STUDENTS AND SCHOOLS THAT PARTICIPATE IN THE TOURNAMENT. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CARMEN LOZIPONE | President | - | $0 | - | - |
| BRENT SPRAY | Vice Pres | - | $0 | - | - |
| BRANDON BAXTER | Vice Pres | - | $0 | - | - |
| TERRY SHELTON | Sec-Trea | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Fantasy of Lights
- EIN
- 20-1531286
- Phone
- 9405925395
- Address
- 1312 SUNSET, IOWA PARK, TX 76367
Signing Officer
- Name
- Carmen Lozipone
- Title
- President
- Phone
- 9405925395
- Signed
- 2025-05-21
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Tugman & Cox Pc
- Address
- 308 SOUTH AVE D, BURKBURNETT, TX 76354
- Preparer
- Douglas D Cox
- Phone
- 9405692244
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses gym mgmt/scholarships 12,116 total 12,116”
Form 990-ez, Part III, Line 28
“To organize, promote and administer a basketball tournament for the five state area of texas, oklahoma, arkansas, louisiana, and new mexico. The goal of the tournament is to provide an opportunity for athletic competition between teams and the development of sportsmanship among the students and schools that participate in the tournament.”
Form 990-ez, Part III, Line 31
“To provide scholarships to high school students from the area to help them to achieve their educational goals. The organization also makes contributions to charitable organizations that provide service throughtout the community. Many of the organizations activities involve the welfare and education of the youth throughout the area.”
Raw XML Appendix134 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9407612549 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5451 OLD FRIBERG RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WICHITA FALLS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 13111 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 0 |
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| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 13111 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 13111 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CARMEN LOZIPONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BRENT SPRAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BRANDON BAXTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TERRY SHELTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SEC-TREA |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12116 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | FOSTERING YOUTH SPORTS COMPETITION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO ORGANIZE, PROMOTE AND ADMINISTER A BASKETBALL TOURNAMENT FOR THE FIVE STATE AREA OF TEXAS, OKLAHOMA, ARKANSAS, LOUISIANA, AND NEW MEXICO. THE GOAL OF THE TOURNAMENT IS TO PROVIDE AN OPPORTUNITY FOR ATHLETIC COMPETITION BETWEEN TEAMS AND THE DEVELOPMENT OF SPORTSMANSHIP AMONG THE STUDENTS AND SCHOOLS THAT PARTICIPATE IN THE TOURNAMENT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FROM THE AREA TO HELP THEM TO ACHIEVE THEIR EDUCATIONAL GOALS. THE ORGANIZATION ALSO MAKES CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS THAT PROVIDE SERVICE THROUGHTOUT THE COMMUNITY. MANY OF THE ORGANIZATIONS ACTIVITIES INVOLVE THE WELFARE AND EDUCATION OF THE YOUTH THROUGHOUT THE AREA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 12116 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 13111 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 12116 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FANTASYOFLIGHTS.ORG |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 34856 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44678 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 632 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 48001 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 128167 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 128183 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 128167 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 34856 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44678 |
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| IRS990ScheduleA/TotalSupportAmt | 0 | 128167 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | SEE ATTACHED |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | THE ANNUAL TOURNAMENT HAD BEEN DISCONTINUED THE PREVIOUS YEAR. THE SMALL AMOUNT OF REMAINING FUNDS WAS DONATED TO THE SCHOOL DISTRICTS THAT HAD PREVIOUSLY PARTICIPATED WITH THE TOURNAMENT. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE N |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES GYM MGMT/SCHOLARSHIPS 12,116 TOTAL 12,116 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TO ORGANIZE, PROMOTE AND ADMINISTER A BASKETBALL TOURNAMENT FOR THE FIVE STATE AREA OF TEXAS, OKLAHOMA, ARKANSAS, LOUISIANA, AND NEW MEXICO. THE GOAL OF THE TOURNAMENT IS TO PROVIDE AN OPPORTUNITY FOR ATHLETIC COMPETITION BETWEEN TEAMS AND THE DEVELOPMENT OF SPORTSMANSHIP AMONG THE STUDENTS AND SCHOOLS THAT PARTICIPATE IN THE TOURNAMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FROM THE AREA TO HELP THEM TO ACHIEVE THEIR EDUCATIONAL GOALS. THE ORGANIZATION ALSO MAKES CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS THAT PROVIDE SERVICE THROUGHTOUT THE COMMUNITY. MANY OF THE ORGANIZATIONS ACTIVITIES INVOLVE THE WELFARE AND EDUCATION OF THE YOUTH THROUGHOUT THE AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CARMEN LOZIPONE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9405925395 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-21 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FANTASY OF LIGHTS |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | BASKETBALL TOURNAMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FANT |
| ReturnHeader/Filer/EIN | 0 | 201531286 |
| ReturnHeader/Filer/PhoneNum | 0 | 9405925395 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1312 SUNSET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | IOWA PARK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 76367 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 205767781 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | TUGMAN & COX PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 308 SOUTH AVE D |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BURKBURNETT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 76354 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9405692244 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-21 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DOUGLAS D COX |
| ReturnHeader/ReturnTs | 0 | 2025-05-29T12:34:02-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-05-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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