Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $1.1M paid to officers and key staff.
Elizabeth Frazier’s $374K as Executive Director is at the 98th percentile of top reported officer pay among 3395 $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 · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Elizabeth Frazier | $373,981 | $203,305 | $200,364 | $169,386 | $41,537 |
| Jassen Cullimore | $195,340 | $148,715 | $117,200 | — | — |
| Mathieu Garon | $192,057 | $144,984 | $109,111 | — | — |
| Sarah Costello | $150,281 | — | — | — | — |
| Joshua Dreith | $141,314 | — | — | — | — |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Invests resources and leadership to advance Tampa Bay's people.
Questions for Lightning Foundation INC
Your first name shows with your question. Lightning Foundation INC answers here, for everyone.
Know this org? Add your story
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…
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.3M | $5.2M |
| Total assetsLn 16 | $4.4M | $5.7M |
| LiabilitiesLn 26 | $293K | $909K |
| Net assetsLn 32 | $4.1M | $4.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3.6M | $3.6M | ||
| Pay of current officers, directors and key staffLn 5 | $323K | $82K | $242K | |
| Pay of disqualified personsLn 6 | $1.8M | $368K | $1.4M | |
| Payroll taxesLn 10 | $138K | $138K | ||
| Management feesLn 11a | $500K | $500K | ||
| Accounting feesLn 11c | $80K | $80K | ||
| Advertising and promotionLn 12 | $167K | $167K | ||
| OccupancyLn 16 | $185K | $185K | ||
| TravelLn 17 | $89K | $89K | ||
| Other expenses (24a–d)Ln 24 | $1.2M | $1.2M | ||
| All other expensesLn 24e | $506K | $312K | $194K | |
| Total functional expensesLn 25 | $8.6M | $6.2M | $2.4M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $9.2M | $8.6M | $632K | $4.8M | 990 PDF |
| FY2024 | $5.6M | $5.1M | $481K | $4.1M | 990 PDF |
| FY2023 | $5.4M | $5.0M | $438K | $3.7M | 990 PDF |
| FY2022 | $7.1M | $3.3M | $3.8M | $3.3M | 990 PDF |
| FY2021 | $3.1M | $2.5M | $611K | −$571K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $9,225,093 revenue, 12 lines filed
Part VI · Governance 1 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $9,225,093 across 7 lines filed
Part IX · Statement of functional expenses $8,593,364 across 11 lines filed
Part X · Balance sheet $5,682,728 assets, 13 lines filed
Part XI · Reconciliation of net assets $4,774,192 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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