Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Fantasy of Lights
990EZ • Fiscal year 2019 • 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
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Balance Sheet
Assets
Down$57,396
Down $3,063 (-5.1%) from 2018
Net Assets
Down$57,396
Down $3,063 (-5.1%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$40,893
Down $2,535 (-5.8%) from 2018
Expenses
Up$43,956
Up $6,678 (+18%) from 2018
Net Income
Down-$3,063
Down $9,213 (-150%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2018 to May 31, 2019
- Signed
- Aug 16, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $40,893
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. | - | $43,206 |
| 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
- 2019-08-16
- 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 1,130 office 64 hotel rooms subsidies sch 8,108 officiating, & gym mgmt 17,178 other expenses of tournam 13,135 scholarships 1,200 shirts & trophies 946 total 41,761”
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 Appendix137 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 | 60459 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 57396 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3063 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 750 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 60459 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 57396 |
| IRS990EZ/GrossReceiptsAmt | 0 | 40893 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 23 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 60459 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 57396 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 60459 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 57396 |
| 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 | 41761 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | FOSTERING YOUTH SPORTS COMPETITION |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1445 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 40870 |
| 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 | 43206 |
| 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 | 43956 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 43206 |
| IRS990EZ/TotalRevenueAmt | 0 | 40893 |
| 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 | 40870 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 43424 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 24780 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51046 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 52027 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 212147 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 84321 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 212147 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 40870 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 43424 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 24780 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51046 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 52027 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 212147 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 212147 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING AND PROMOTION 1,130 OFFICE 64 HOTEL ROOMS SUBSIDIES SCH 8,108 OFFICIATING, & GYM MGMT 17,178 OTHER EXPENSES OF TOURNAM 13,135 SCHOLARSHIPS 1,200 SHIRTS & TROPHIES 946 TOTAL 41,761 |
| 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 | 2019-02-21 02:37:17Z |
| 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 | 2019-08-16 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 7DD2B39456CB59AEA4CBD3A4B9242964831D03B0 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 50B527FFA3362D95ED9C95CB7614ABB0CE09B9F2 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 52.38.98.93 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-08-28 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:08:04 |
| 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 | 2019-08-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DOUGLAS D COX |
| ReturnHeader/ReturnTs | 0 | 2019-08-28T13:08:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-05-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $57,396
- Liabilities
- -
- Net assets
- $57,396
- Revenue
- $40,893
- Expenses
- $43,956
- Net income
- -$3,063