BETA

LIGHTNING BASKETBALL INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
LIGHTNING BASKETBALL INC (EIN 11-3633046)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-15
IRS object ID
201913199349321396
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-15T17:04:52-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Barry J Charles CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 Liberty Street Suite 1020AAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10281ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113633046EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lightning Basketball IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIGHBusinessNameControlTxt
Phone5162924956PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line145 Cherry Valley AveAddressLine1Txt
CityWest HempsteadCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11552ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJames M FoxPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone5162924956PhoneNum
Signature2019-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBarry J CharlesPreparerPersonNm
PTINP00626511PTIN
Phone2128455050PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.96.183.15IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-15IPDt
IP Tm18:01:20IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id2E8091F6D9FB2062E774B46667736DB9030F5373AtSubmissionCreationDeviceId
At Submission Filing Device Id2E8091F6D9FB2062E774B46667736DB9030F5373AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJames M FoxPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line145 Cherry Valley AveAddressLine1Txt
CityWest HempsteadCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11552ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,447,975GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.longislandlightning.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionLong Island Lightning is an organization that is devoted to children, ages 9-17, and their development of basketball skills.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$338,686PYContributionsGrantsAmt
CY Contributions Grants$247,827CYContributionsGrantsAmt
PY Program Service Revenue$1,118,443PYProgramServiceRevenueAmt
CY Program Service Revenue$1,200,148CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,457,129PYTotalRevenueAmt
CY Total Revenue$1,447,975CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,572,519PYOtherExpensesAmt
CY Other Expenses$1,503,561CYOtherExpensesAmt
PY Total Expenses$1,572,519PYTotalExpensesAmt
CY Total Expenses$1,503,561CYTotalExpensesAmt
PY Revenues Less Expenses-$115,390PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$55,586CYRevenuesLessExpensesAmt
Total Assets BOY$0TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$35,376TotalLiabilitiesBOYAmt
Total Liabilities EOY$90,962TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$35,376NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$90,962NetAssetsOrFundBalancesEOYAmt
MissionLong Island Lightning is an organization that is devoted to children, ages 9-17, and their development of basketball skills.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescWe have compiled in excess of 240 teams (approximately 2,700 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. Tutoring was provided to struggling students so that the balance between basketball success and academics is not compromised.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$1,503,561ExpenseAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$1,503,561TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,503,561TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Long Island LightningBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5162924956PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line145 Cherry Valley AvenueAddressLine1Txt
CityWest HempsteadCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11552ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
James M Fox
Executive Director & CFO20.00Yes (X)$0$0$0
Rosemary Nies
Vice President20.00Yes (X)$0$0$0
Bruce Eiber
Secretary10.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$247,827AllOtherContributionsAmt
Total Contributions$247,827TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPlayer RegistrationDesc
Business900099BusinessCd
Total Revenue Column$1,200,148TotalRevenueColumnAmt
Related Or Exempt Func Income$1,200,148RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,200,148TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,447,975TotalRevenueColumnAmt
Related Or Exempt Func Income$1,200,148RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Tournament Registration$732,297$732,297
Team Travel$305,121$305,121
Gym Rentals$207,847$207,847
Coaching Expenses$101,778$101,778

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$156,518TotalAmt
Program Services$156,518ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,503,561TotalAmt
Program Services$1,503,561ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$7,798BOYAmt
EOY$71,797EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$27,578BOYAmt
EOY$19,165EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$35,376BOYAmt
EOY$90,962EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$35,376BOYAmt
EOY-$90,962EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$35,376BOYAmt
EOY-$90,962EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$55,586ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,419,751CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,973,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,380,386CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,472,724CurrentTaxYearMinus1YearAmt
Current Tax Year$1,447,975CurrentTaxYearAmt
Total$7,694,780TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,419,751CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,973,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,380,386CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,472,724CurrentTaxYearMinus1YearAmt
Current Tax Year$1,447,975CurrentTaxYearAmt
Total$7,694,780TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$7,694,780PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,419,751CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,973,944CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,380,386CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,472,724CurrentTaxYearMinus1YearAmt
Current Tax Year$1,447,975CurrentTaxYearAmt
Total$7,694,780TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonJames FoxPersonNm
Relationship With OrgExecutive DirectorRelationshipWithOrgTxt
Loan PurposeTo fund deficitLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$7,798OriginalPrincipalAmt
Balance Due$71,797BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written Agreement0WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$71,797TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bThe form was reviewed by the officers together with the organization's accountant.
Form 990, Part VI, Section C, line 19The organization's govening documents, conflict of interest policy and financial statements are all maintained in the offices at the facility and are available upon request.
Form 990, Part VII Contact Addresses for Officers, Directors, EtcJames M. Fox - 22 Ring Lane, Levittown, NY 11756. Rosemary Nies - 75 Haven Lane, Levittown, NY 11756. Bruce Eiber - 10 Hilldale Drive, Searingtown, NY 11550.
Form 990, Part IX, line 24eInsurance: Program service expenses 83,804. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,804. Uniforms and Equipment: Program service expenses 26,154. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,154. Advertising and Promotion: Program service expenses 23,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,439. Office Expenses: Program service expenses 11,858. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,858. Bank Charges: Program service expenses 7,590. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,590. Telephone: Program service expenses 3,673. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,673.

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