Nonprofit · EIN 11-3633046
LIGHTNING BASKETBALL INC
Tax-exempt · LEVITTOWN, NY 11756
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,838,639 | $2,104,737 | -$266,098 | $0 | $0 | $0 |
| December 31, 2023 | 990 | $1,912,345 | $1,688,050 | $224,295 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $237,453
- Program service revenue
- $1,601,186
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $202,507
- Salaries, compensation and benefits (total)
- $276,852
- Professional fundraising fees
- $0
- Program services (functional)
- $1,697,529
- Management and general (functional)
- $407,208
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $1,838,639
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES M FOX | EXECUTIVE DIRECTOR & CFO Trustee or director | 20 | $0 |
| JAMES P FOX | ASSOCIATE DIRECTORS Trustee or director | 20 | $0 |
| KAREN CAMMER | ASSOCIATE DIRECTORS Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES M FOX | EXECUTIVE DIRECTOR & CFO Trustee or director | 20 | $0 |
| JAMES P FOX | ASSOCIATE DIRECTORS Trustee or director | 20 | $0 |
| KAREN CAMMER | ASSOCIATE DIRECTORS Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 22 RING LN, LEVITTOWN, NY 11756-2623
- In care of
- % JAMES M FOX
- Principal officer (990 for 2024)
- JAMES M FOX, 22 RING LANE, LEVITTOWN, NY 11756
- Signed the 990
- JAMES M FOX, EXECUTIVE DIRECTOR
- Phone
- (516) 292-4956
- Website
- WWW.LONGISLANDLIGHTNING.COM
- Return prepared by
- COWAN SPINOSO & BOOTH LLC
Mission
LONG ISLAND LIGHTNING IS AN ORGANIZATION THAT IS DEVOTED TO CHILDREN, AGES 9-17, AND THEIR DEVELOPMENT OF BASKETBALL SKILLS.
Program accomplishments
- 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. TUTORING WAS PROVIDED TO STRUGGLING STUDENTS SO THAT THE BALANCE BETWEEN BASKETBALL SUCCESS AND ACADEMICS IS NOT COMPROMISED.Expenses $1,697,529 · revenue $1,601,186
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3633046
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N62)
- Income (IRS master file)
- $1,838,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,838,639 | $2,104,737 | $0 | IRS |
| 990 | December 2023 | $1,912,345 | $1,688,050 | $0 | IRS |
| 990 | December 2022 | $1,632,155 | $1,829,698 | $0 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3633046).
Questions about LIGHTNING BASKETBALL INC
- What is the EIN of LIGHTNING BASKETBALL INC?
- The employer identification number (EIN) of LIGHTNING BASKETBALL INC is 11-3633046.
- Is LIGHTNING BASKETBALL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to LIGHTNING BASKETBALL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIGHTNING BASKETBALL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIGHTNING BASKETBALL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIGHTNING BASKETBALL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIGHTNING BASKETBALL INC?
- The 990 for the year ended December 31, 2024 names JAMES M FOX.
- Who are the officers and directors of LIGHTNING BASKETBALL INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LIGHTNING BASKETBALL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,838,639, expenses of $2,104,737 and total assets of $0 at year end.
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