Civic Intelligence

Olsa Lightning Inc

990EZ • Fiscal year 2015 • EIN 45-3152812

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 24, 2016

Organization Profileolsalightning.org
PO Box 2411Bridgeview, IL 60455

(708) 422-9402

Siviq Scores

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

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

47th percentile

2.1%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

86th percentile

$28,484

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 36.3% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

77th percentile

30%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$6,471

Up $1,477 (+30%) from 2014

Net Assets

Up

$4,855

Up $1,676 (+53%) from 2014

Liabilities

Down

$1,616

Down $199 (-11%) from 2014

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin47th percentile

Revenue

Up

$78,433

Up $8,511 (+12%) from 2014

Expenses

Up

$76,757

Up $6,581 (+9.4%) from 2014

Net Income

Up

$1,676

Up $1,930 (+760%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$15K$10K$5.0K$0-$5.0KAssets 2014: $4,994Liabilities 2014: $1,815Net Assets 2014: $3,1792014Assets 2015: $6,471Liabilities 2015: $1,616Net Assets 2015: $4,8552015Assets 2016: $11,667Liabilities 2016: $1,8352016Assets 2017: $10,744Liabilities 2017: $1,701Net Assets 2017: $9,0432017Assets 2018: $12,979Liabilities 2018: $3,837Net Assets 2018: $9,1422018Assets 2019: $0Liabilities 2019: $859Net Assets 2019: -$8592019

Highlighted filing

2015

Assets$6,471
Liabilities$1,616
Net Assets$4,855
Open 2015 Filing

Operations Trend

Revenue Growth65th percentile

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

$150K$100K$50K$0-$50KRevenue 2014: $69,922Expenses 2014: $70,176Net Income 2014: -$2542014Revenue 2015: $78,433Expenses 2015: $76,757Net Income 2015: $1,6762015Revenue 2016: $73,930Expenses 2016: $68,953Net Income 2016: $4,9772016Revenue 2017: $86,057Expenses 2017: $86,846Net Income 2017: -$7892017Revenue 2018: $104,260Expenses 2018: $104,161Net Income 2018: $992018Revenue 2019: $69,578Expenses 2019: $79,579Net Income 2019: -$10,0012019

Highlighted filing

2015

Revenue$78,433
Expenses$76,757
Net Income$1,676
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 24, 2016
Return Version
2015v2.1
Gross Receipts
$81,721
Mission and Program Overview

Mission

Education and personal development of children

Program Services

DescriptionGrantsExpenses
OLSA Lightning Inc was formed for the purpose of a year-round developmental and competitive age-group swimming program for youths ages five through eighteen. The mission of OLSA Lightning is to teach swim techniques at all levels-$24,365
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wally ForsytheCoaching DirectorPT$28,484-$28,484
Linda ForsythePresident-DirectorPT$0--
Robin JankiewiczVice President-DirectorPT$0--
Erin SheehanSecretary-DirectorPT$0--
Diane ErinTreasurer-DirectorPT$0--
Mike ErinMeet DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
OLSA Lightning Inc
EIN
45-3152812
Address
PO Box 2411, Bridgeview, IL 60455

Signing Officer

Name
Linda Forsythe
Title
President
Signed
2016-06-24
Discuss with paid preparer
Yes

Preparer

Firm
Richard Bock
Address
3590 Deerfield Rd, Riverwoods, IL 60015
Preparer
Richard Bock
Phone
8474205816
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 2,274”

Form 990-EZ, Part I, Line 16, Other Expenses

“Insurance 254”

Form 990-EZ, Part I, Line 16, Other Expenses

“Fees 999”

Form 990-EZ, Part I, Line 16, Other Expenses

“IL use tax 467”

Form 990-EZ, Part I, Line 16, Other Expenses

“Advertising 1,403”

Form 990-EZ, Part I, Line 16, Other Expenses

“Program Expenses 24,365”

Form 990-EZ, Part I, Line 16, Other Expenses

“Other 1,750”

Form 990-EZ, Part II, Line 26, Liabilities

“Accounts Payable Beginning of year 698, End of year 0”

Form 990-EZ, Part II, Line 26, Liabilities

“Other Payables Beginning of year 1,045, End of year 912”

Form 990-EZ, Part II, Line 26, Liabilities

“FUTA payable Beginning of year 72, End of year 704”

Raw XML Appendix169 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0Linda Forsythe
CompensationExplanation/CompensationExplanationGrp/PersonNm1Robin Jankiewicz
CompensationExplanation/CompensationExplanationGrp/PersonNm2Erin Sheehan
CompensationExplanation/CompensationExplanationGrp/PersonNm3Diane Erin
CompensationExplanation/CompensationExplanationGrp/PersonNm4Mike Erin
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt1Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt2Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt3Volunteer
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt4Volunteer
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Linda Forsythe
IRS990EZ/BooksInCareOfDetail/PhoneNum07084229402
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 2411
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bridgeview
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0604552411
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04994
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06471
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt01681
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01676
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0180
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04994
IRS990EZ/Form990TotalAssetsGrp/EOYAmt06471
IRS990EZ/FundraisingGrossIncomeAmt01887
IRS990EZ/GrossProfitLossSlsOfInvntryAmt01895
IRS990EZ/GrossReceiptsAmt081721
IRS990EZ/GrossSalesOfInventoryAmt03576
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt03179
IRS990EZ/NetAssetsOrFundBalancesEOYAmt04855
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt03179
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt04855
IRS990EZ/OccupancyRentUtltsAndMaintAmt03198
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5005.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt428484
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Linda Forsythe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Robin Jankiewicz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Erin Sheehan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Diane Erin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Wally Forsythe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Mike Erin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer-Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Coaching Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Meet Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt031512
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Education and personal development of children
IRS990EZ/PrintingPublicationsPostageAmt01961
IRS990EZ/ProgramServiceRevenueAmt076258
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OLSA Lightning Inc was formed for the purpose of a year-round developmental and competitive age-group swimming program for youths ages five through eighteen. The mission of OLSA Lightning is to teach swim techniques at all levels
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt024365
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt039906
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt01607
IRS990EZ/SpecialEventsNetIncomeLossAmt0280
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01815
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01616
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt076757
IRS990EZ/TotalProgramServiceExpensesAmt024365
IRS990EZ/TotalRevenueAmt078433
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0olsalightning.org
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt081721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt073044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0154765
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0154765
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt081721
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt073044
IRS990ScheduleA/Total509Grp/TotalAmt0154765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt081721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt073044
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0154765
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Supplies 2,274
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance 254
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fees 999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IL use tax 467
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising 1,403
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Expenses 24,365
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other 1,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Payable Beginning of year 698, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Payables Beginning of year 1,045, End of year 912
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FUTA payable Beginning of year 72, End of year 704
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda Forsythe
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLSA Lightning Inc
ReturnHeader/Filer/BusinessNameControlTxt0OLSA
ReturnHeader/Filer/EIN0453152812
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2411
ReturnHeader/Filer/USAddress/CityNm0Bridgeview
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060455
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard Bock
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03590 Deerfield Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Riverwoods
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08474205816
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard Bock
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-06-24T08:19:48-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,471
Liabilities
$1,616
Net assets
$4,855
Revenue
$78,433
Expenses
$76,757
Net income
$1,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.70$0.80$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.09$1.04$1.04$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.09$0.86$0.87$0.01
2016Summary only. Only limited summary data is available for this year.$0.12$0.02$0.74$0.69$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.02$0.05$0.78$0.77$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.03$0.70$0.70$0.00