Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Fantasy of Lights
990EZ • Fiscal year 2016 • EIN 20-1531286
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
44th percentile
Higher net margin than 44% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Flat$56,406
Flat from 2016
Net Assets
$56,406
No earlier filing loaded for comparison.
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Flat$51,447
Flat from 2016
Expenses
Flat$51,013
Flat from 2016
Net Income
Flat$434
Flat from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2015 to May 31, 2016
- Signed
- Aug 1, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $51,447
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. | - | $50,263 |
| 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
- 2016-08-01
- 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 advertising and promotion 630 office 364 donations 200 hotel rooms subsidies sch 6,605 officiating, & gym mgmt 17,850 other expenses of tournam 17,518 scholarships 1,500 shirts & trophies 3,823 total 48,490”
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 Appendix129 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | TERRY SHELTON |
| 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 |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 76305 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 55972 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 56406 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 434 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 750 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 55972 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 56406 |
| IRS990EZ/GrossReceiptsAmt | 0 | 51447 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 55972 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 56406 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 55972 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 56406 |
| 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 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 48490 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | FOSTERING YOUTH SPORTS COMPETITION |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1773 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 51447 |
| 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 | 50263 |
| 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 | 51013 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 50263 |
| IRS990EZ/TotalRevenueAmt | 0 | 51447 |
| 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/CurrentTaxYearAmt | 0 | 51046 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 52027 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 60414 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 65004 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50965 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 279456 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 51447 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 279456 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 51046 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 52027 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 60414 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 65004 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50965 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 279456 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 279456 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING AND PROMOTION 630 OFFICE 364 DONATIONS 200 HOTEL ROOMS SUBSIDIES SCH 6,605 OFFICIATING, & GYM MGMT 17,850 OTHER EXPENSES OF TOURNAM 17,518 SCHOLARSHIPS 1,500 SHIRTS & TROPHIES 3,823 TOTAL 48,490 |
| 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 | 2016-12-15 16:53:06Z |
| 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 | 2016-08-01 |
| 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/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 | 2016-08-01 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DOUGLAS D COX |
| ReturnHeader/ReturnTs | 0 | 2016-08-10T13:47:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-05-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $56,406
- Liabilities
- -
- Net assets
- $56,406
- Revenue
- $51,447
- Expenses
- $51,013
- Net income
- $434