Invests resources and leadership to advance Tampa Bay's people.
For fiscal year 2024 it reported $9.2M in revenue, $8.6M in expenses, and $4.8M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$8.6M
Pt IX · Ln 25
Net assets
$4.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $632K
Where spending went · Part IX cols B–D
72%
28%
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -20% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$9.2M
FY2024▲ +64%
$9.2M$4.6M$0
FY2021FY2024
Expenses
$8.6M
FY2024▲ +67%
$8.6M$4.3M$0
FY2021FY2024
Total assets
$5.7M
FY2024▲ +30%
$5.7M$2.8M$0
FY2021FY2024
Total liabilities
$909K
FY2024▲ +284%
$2.3M$1.2M$0
FY2021FY2024
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$8.6M
Pt IX · Ln 25
Net assets
$4.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$632K
Total assetsPt X · Ln 16$5.7M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 41
Mission & Programs · Part III
Where the work happens
3 program services account for $6.2M of program spending, described in the organization's own filed words · FY2024.
01
The lightning foundation is pleased to support hundreds of different non-profits and programs each year throughout the community that benefit those in need. A few examples are listed here: the lightning foundation purchases of charity event sponsorships and tables at dozens of non-profits each year, and also donates over 2,000 signed…
$5.2Mprogram expense
02
Hockey Camps & Leagues
Lightning made hockey is designed to give youth hockey players of all ages and skill levels the opportunity to experience, learn, and enjoy the game of hockey through a series of camps, clinics, and leagues held year-round.
$941Kprogram expense
03
Lightning Community Heroes
Lightning owner jeff vinik, along with his wife penny, launched the community heroes initiatives at the beginning of the 2011-12 season to distribute $10m to deserving non-profits throughout the tampa bay community.
Elizabeth Frazier’s $374K as Executive Director
is at the 98th percentile of top reported officer pay among 3393 $1–10M education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Elizabeth Frazier · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $374K · Total expenses $8.6M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.2M · Total expenses $8.6M
26%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
72%
—
—
Overhead ratio
28%
—
—
Revenue growth
64%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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