Civic Intelligence

Light the Tower Collective

990EZ • Fiscal year 2023 • EIN 88-3320065

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 12, 2024

Organization Profilelightthetowercollective.com
1415 North LocustDenton, TX 76201

(940) 368-2447

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

3rd percentile

-249%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-75%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $132,010 (-100%) from 2022

Net Assets

Down

$0

Down $132,010 (-100%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin3rd percentile

Revenue

Down

$53,096

Down $158,074 (-75%) from 2022

Expenses

Up

$185,106

Up $105,946 (+134%) from 2022

Net Income

Down

-$132,010

Down $264,020 (-200%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$150K$100K$50K$0Assets 2022: $132,010Liabilities 2022: $0Net Assets 2022: $132,0102022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities-
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2022: $211,170Expenses 2022: $79,160Net Income 2022: $132,0102022Revenue 2023: $53,096Expenses 2023: $185,106Net Income 2023: -$132,0102023

Highlighted filing

2023

Revenue$53,096
Expenses$185,106
Net Income-$132,010
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 12, 2024
Return Version
2023v5.0
Gross Receipts
$53,096
Mission and Program Overview

Mission

Light the Tower is a collective to provide payments to student athletes at the University of North Texas pursuant to the new NCAA guideline for paying players for use of their Name, Image or Likeness (NIL).

Program Services

DescriptionGrantsExpenses
Light the Tower made NIL payments to 40 athletes totaling $160,807 during 2023.-$184,738
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan SmithDirectorPT$0--
Don LovelaceDirectorPT$0--
Jim McNattPresidentPT$0--
Julie AndersonTreasurerPT$0--
Earl DobsonDirectorPT$0--
Lance WhiteDirectorPT$0--
Randy HudsonDirectorPT$0--
Dillon LovelaceDirectorPT$0--
Chris McDadeDirectorPT$0--
Craig RobertsonVice PresidentPT$0--
Diann HuberSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Light The Tower Collective
EIN
88-3320065
Phone
9403682447
Address
1415 North Locust, Denton, TX 76201

Signing Officer

Name
Julie Anderson
Title
Treasurer
Signed
2024-04-12
Discuss with paid preparer
Yes

Preparer

Firm
Anderson Spector & Co PC
Address
222 E McKinney Ste 100, Denton, TX 76201
Preparer
Roy P Anderson CPA
Phone
9405660512
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.3

“| Donee's Name: Rubin Jones | Cash Amount Given: $7000”

Grants and Similar Amounts Paid In Excess of $5,000.4

“| Donee's Name: Tyler Perry | Cash Amount Given: $10000”

Grants and Similar Amounts Paid In Excess of $5,000.5

“| Donee's Name: Aaron Scott | Cash Amount Given: $7000”

Grants and Similar Amounts Paid In Excess of $5,000.6

“| Donee's Name: Other Athletes 5k | Cash Amount Given: $126807”

Other Expenses.1001

“Advertising and Promotion $45”

Other Expenses.1003

“Information Technology $368”

Other Expenses.1

“Merchant Fees - Donations $5357”

Other Expenses.3

“Donor Gifts $433”

Raw XML Appendix201 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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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076201
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Dan Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Don Lovelace
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jim McNatt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Julie Anderson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Earl Dobson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Lance White
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Randy Hudson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Dillon Lovelace
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Chris McDade
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Craig Robertson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Diann Huber
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06203
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Light the Tower is a collective to provide payments to student athletes at the University of North Texas pursuant to the new NCAA guideline for paying players for use of their Name, Image or Likeness (NIL).
IRS990EZ/PrintingPublicationsPostageAmt0596
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Light the Tower made NIL payments to 40 athletes totaling $160,807 during 2023.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0184738
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0185106
IRS990EZ/TotalProgramServiceExpensesAmt0184738
IRS990EZ/TotalRevenueAmt053096
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0lightthetowercollective.com
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt053096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0211170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0264266
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0247621
IRS990ScheduleA/SubstantialContributorsTotAmt016645
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt053096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0211170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0264266
IRS990ScheduleA/TotalSupportAmt0264266
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0None
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash Only
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01415 North Locust
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Denton
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
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IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Light the Tower Collective distributed all its funds to student athletes as a part of winding up. No assets of any kind were distributed at termination.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch N, Part III, Additional Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Rubin Jones | Cash Amount Given: $7000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: Tyler Perry | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Donee's Name: Aaron Scott | Cash Amount Given: $7000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Donee's Name: Other Athletes 5k | Cash Amount Given: $126807
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising and Promotion $45
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Information Technology $368
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Merchant Fees - Donations $5357
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Donor Gifts $433
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Grants and Similar Amounts Paid In Excess of $5,000.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Grants and Similar Amounts Paid In Excess of $5,000.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Julie Anderson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Light The Tower Collective
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0883320065
ReturnHeader/Filer/PhoneNum09403682447
ReturnHeader/Filer/USAddress/AddressLine1Txt01415 North Locust
ReturnHeader/Filer/USAddress/CityNm0Denton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752186131
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Anderson Spector & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 E McKinney Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Denton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076201
ReturnHeader/PreparerPersonGrp/PhoneNum09405660512
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roy P Anderson CPA
ReturnHeader/ReturnTs02024-04-12T13:00:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Julie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Anderson
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$53,096
Expenses
$185,106
Net income
-$132,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.53$1.85$1.32
2022Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$2.11$0.79$1.32