Lightning Basketball INC FY2022 filing

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Long island Lightning is an organization that is devoted to children, ages 9-17, and their development of Basketball skills.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $43K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+25% vs prior year
Spent
$1.8M
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$1.6M
FY2022▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$279K
FY2021$1.3M
FY2022$1.6M
FY2023$1.9M
FY2024$1.8M
Expenses
$1.8M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$279K
FY2021$1.3M
FY2022$1.8M
FY2023$1.7M
FY2024$2.1M
Net assets
$0
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$224K
FY2021−$199K
FY2022$0
FY2023$0
FY2024$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.8M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director & CFO
$0Pt VII · Sec A
Associate Directors
$0Pt VII · Sec A
Associate Directors
$0Pt VII · Sec A
See Lightning Basketball INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Develops basketball skills for children aged 9-17.

Questions for Lightning Basketball INC

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1 program · $1.8M · in their own filed words · FY2022
01

We have compiled in excess of 240 teams (approximately 2700 boys and girls) who were selected after conducting open tryouts which were advertised in newspapers and local sports facilities. Each team played approximately 30-40 games in tournaments held throughout the united states.

$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$497K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.8M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$497K
Fees for servicesLn 2g$1.1M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Total assetsLn 16$13K$0
LiabilitiesLn 26$212K$0
Net assetsLn 32−$199K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$164K$164K$0$0
Payroll taxesLn 10$74K$74K$0$0
Other expenses (24a–d)Ln 24$1.1M$1.1M$0$0
All other expensesLn 24e$517K$517K$0$0
Total functional expensesLn 25$1.8M$1.8M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 29, 2026 $1.8M$2.1M−$266K$0 990 PDF
FY2023Filed with the IRS Apr 29, 2026 $1.9M$1.7M$224K$0 990 PDF
FY2022 ViewingFiled with the IRS Sep 1, 2023 $1.6M$1.8M−$198K$0 990 PDF
FY2021Filed with the IRS Aug 17, 2022 $1.3M$1.3M$26K−$199K 990 PDF
FY2020Filed with the IRS Aug 27, 2021 $279K$279K$550−$224K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,632,155 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $467,404$497,257
I-9 Program service revenuePrior year $837,562$1,134,898
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,304,966$1,632,155
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $207,352$238,528
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,071,680$1,591,170
I-18 Total expensesPrior year $1,279,032$1,829,698
I-19 Revenue less expensesPrior year $25,934−$197,543
Part VI · Governance 1 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,632,155 across 4 lines filed
VIII-1f All other contributions, gifts and grants$497,257
VIII-1h Total contributions, gifts and grants$497,257
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,134,898
VIII-12 Total revenueRelated to mission $1,134,898 · Unrelated business $0 · Excluded from tax $0$1,632,155
Part IX · Statement of functional expenses $1,829,698 across 4 lines filed
IX-7 Other salaries and wagesPrograms $164,100 · Management $0 · Fundraising $0$164,100
IX-10 Payroll taxesPrograms $74,428 · Management $0 · Fundraising $0$74,428
IX-24 Other expenses (24a–d)Programs $1,074,634 · Management $0 · Fundraising $0$1,074,634
IX-24e All other expensesPrograms $516,536 · Management $0 · Fundraising $0$516,536
IX-25 Total functional expensesPrograms $1,829,698 · Management $0 · Fundraising $0$1,829,698
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $12,742$0
X-26 Total liabilitiesStart of year $212,078$0
X-32 Total net assets or fund balancesStart of year −$199,336$0
X-33 Total liabilities and net assetsStart of year $12,742$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,632,155
XI-2 Total expenses$1,829,698
XI-3 Revenue less expenses−$197,543
XI-4 Net assets at start of year−$199,336
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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