Nonprofit · EIN 59-3542305
LIGHTNING FOUNDATION INC
Tax-exempt · TAMPA, FL 33602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,225,093 | $8,593,364 | $631,729 | $5,682,728 | $908,536 | $4,774,192 |
| June 30, 2024 | 990 | $5,619,664 | $5,138,750 | $480,914 | $4,379,203 | $236,740 | $4,142,463 |
| June 30, 2023 | 990 | $5,417,268 | $4,979,594 | $437,674 | $3,939,302 | $277,753 | $3,661,549 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,121,628
- Program service revenue
- $1,735,098
- Investment income
- $114,807
- Net income from fundraising events
- $645,176
- Net income from gaming
- $608,384
- Other revenue
- $1,253,560
Expenses
- Grants and similar amounts paid
- $3,635,942
- Compensation of officers, directors and key employees
- $323,104
- Salaries, compensation and benefits (total)
- $2,221,382
- Professional fundraising fees
- $0
- Accounting fees
- $79,680
- Occupancy
- $184,891
- Travel
- $89,361
- Program services (functional)
- $6,185,474
- Management and general (functional)
- $2,407,890
Balance sheet and other
- Total assets, start of year
- $4,435,851
- Total assets, end of year
- $5,682,728
- Total liabilities, end of year
- $908,536
- Net assets, end of year
- $4,774,192
- Net assets without donor restrictions
- $4,774,192
- Gross unrelated business income
- $608,384
- Gross receipts
- $10,471,023
- Employees
- 93
- Volunteers
- 100
- Year formed
- 1998
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH FRAZIER | EXECUTIVE DIRECTOR Officer | 40 | $373,981 | $32,358 |
| JASSEN CULLIMORE | DIRECTOR OF HOCKEY DEVELOPMENT Highest-paid employee | 40 | $195,340 | $32,680 |
| MATHIEU GARON | ASSISTANT HOCKEY DIRECTOR, COMMUNITY & HOCKEY DEVE Highest-paid employee | 40 | $192,057 | $31,261 |
| JOSHUA DREITH | DIRECTOR OF COMMUNITY & HOCKEY DEVELOPMENT Highest-paid employee | 30 | $141,314 | $30,026 |
| SARAH COSTELLO | DIRECTOR, LIGHTNING FOUNDATION & COMMUNITY EVENTS Highest-paid employee | 30 | $150,281 | $10,491 |
| CRAIG SHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF VINIK | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JENNIFER LIPSCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE OSTROVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIEN BRISEBOIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PENNY VINIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE GRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY FEASTER | SECRETARY Officer | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH FRAZIER | EXECUTIVE DIRECTOR Officer | 40 | $203,305 |
| JASSEN CULLIMORE | DIRECTOR OF COMMUNITY HOCKEY & DEVELOPMENT Highest-paid employee | 1 | $148,715 |
| MATHIEU GARON | ASST. DIRECTOR OF COMMUNITY HOCKEY & DEVELOPMENT Highest-paid employee | 1 | $144,984 |
| CRAIG SHER | DIRECTOR Trustee or director | 1 | $0 |
| JEFF VINIK | CHAIRMAN Trustee or director | 1 | $0 |
| JULIEN BRISEBOIS | DIRECTOR Trustee or director | 1 | $0 |
| PENNY VINIK | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GRIGGS | DIRECTOR Trustee or director | 1 | $0 |
| JAY FEASTER | SECRETARY Officer | 5 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH FRAZIER | EXECUTIVE DIRECTOR Officer | 40 | $200,364 |
| JASSEN CULLIMORE | DIRECTOR OF COMMUNITY HOCKEY & DEVELOPMENT Highest-paid employee | 1 | $117,200 |
| MATHIEU GARON | ASST. DIRECTOR OF COMMUNITY HOCKEY & DEVELOPMENT Highest-paid employee | 1 | $109,111 |
| CRAIG SHER | DIRECTOR Trustee or director | 1 | $0 |
| JEFF VINIK | CHAIRMAN Trustee or director | 1 | $0 |
| JULIEN BRISEBOIS | DIRECTOR Trustee or director | 1 | $0 |
| PENNY VINIK | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GRIGGS | DIRECTOR Trustee or director | 1 | $0 |
| JAY FEASTER | SECRETARY Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 401 CHANNELSIDE DR, TAMPA, FL 33602-5400
- In care of
- % DOUG RIEFLER
- Principal officer (990 for 2024)
- ELIZABETH FRAZIER, 401 CHANNELSIDE DR, TAMPA, FL 33602
- Signed the 990
- ELIZABETH FRAZIER, EXECUTIVE DIRECTOR
- Phone
- (813) 301-6500
- Return prepared by
- DELOITTE TAX LLP
Mission
THE LIGHTNING FOUNDATION IS DEDICATED TO INVESTING ITS RESOURCES AND LEADERSHIP FOR THE ENRICHMENT OF THE PEOPLE OF TAMPA BAY, FOCUSING ON MEETING BASIC HUMAN NEEDS AND ENHANCING LIVES.
Program accomplishments
- 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 ITEMS AND PLAYER EXPERIENCES TO NON-PROFITS THROUGHOUT TAMPA BAY FOR VARIOUS CHARITY AUCTIONS AND RAFFLES. PLAYER TICKET PROGRAM - THE GOAL OF THIS PROGRAM IS TO POSITIVELY MATCH PLAYERS WITH AN OUTSTANDING LOCAL NON-PROFIT ORGANIZATION(S) AND TO ALLOW CLIENTS AND VOLUNTEERS OF THE NON-PROFIT THE OPPORTUNITY TO SEE LIGHTNING HOCKEY LIVE. DIFFERENT TICKET PACKAGES ARE AVAILABLE FOR PLAYERS TO PURCHASE AT DIFFERENT PRICE POINTS PER CHARGE. THE LIGHTNING FOUNDATION HOSTS CHARITY EVENTS WITH OUR PLAYERS INCLUDING COOPS CATCH FOR KIDS (PEDIATRIC CANCER) AND THE PLAYER CHARITY HOLIDAY PARTY (CHILDREN'S CANCER CENTER OR A KIDS PLACE). USF PARTNERSHIP - THE LIGHTNING FOUNDATION PROVIDES A FINANCIAL COMMITMENT TO THE USF SPORTS MANAGEMENT AND ENTERTAINMENT PROGRAM IN THE USF COLLEGE OF BUSINESS. THE LIGHTNING FOUNDATION HAS AN EMPLOYEE VOLUNTEER PROGRAM CONTRIBUTING (VOLUNTEER) HOURS ACROSS OUR REGION THROUGH OUR GENEROUS EMPLOYEES.(C.H.A.R.G.E.) PROGRAM WHICH ENCOURAGES THE LIGHTNING FAMILY TO VOLUNTEER A MINIMUM OF 4,000 HOURS ANNUALLY AT A VARIETY OF NON-PROFITS WITHOUT FAIL. THE TAMPA BAY LIGHTING, ALONG WITH PROUD PARTNERS MICROLUMEN AND THE MAKE A WISH FOUNDATION, HAVE PROGRAMMING SPONSORS INCLUDING A WISH EXPERIENCE PROGRAM. THE PROGRAM FEATURED EIGHT DATES THROUGHOUT THE SEASON DURING WHICH THE BOLTS AND MICROLUMEN HOSTED A MAKE A WISH FAMILY FOR THE GAME WITH UNFORGETTABLE, UNIQUE EXPERIENCES AS WELL AS MOSAIC GOALS FOR FOOD PROGRAM WHICH DONATES FUNDING TO THE LOCAL BANK THAT CORRELATES TO THE NUMBER OF GOALS SCORED DURING THE SEASON. LICENSE PLATES - THE LIGHTNING FOUNDAITON AND FLORIDA SPORTS FOUNDATION PARTNER TO CREATE A UNIQUE OPPORTUNITY FOR FANS TO PURCHASE A SPECIALTY TAMPA BAY LIGHTNING LICENSE PLATE TAG, WITH A PORTION OF THE PROCEEDS FROM EACH TAG BENEFITTING THE LIGHTNING FOUNDATION.Expenses $5,225,234 · grants $3,635,942 · revenue $449,466
- 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. WHILE ALL LIGHTNING MADE PROGRAMS UTILIZE USA HOCKEY'S AMERICAN DEVELOPMENT MODEL TO FOCUS ON BASIC SKILL DEVELOPMENT, EACH PROGRAM EXUDES ITS OWN UNIQUE EXPERIENCE WHILE ENHANCING VARIOUS ASPECTS OF A PLAYER'S GAME. LIGHTNING MADE CLINICS ARE FOCUSED ON THE ENTRY LEVEL HOCKEY PLAYER, WITH AN EMPHASIS ON THE ABSOLUTE FUNDAMENTALS. THE LIGHTNING MADE ALUMNI SERIES IS DIRECTED AT THE BEGINNER TO INTERMEDIATE HOCKEY PLAYER WHO IS LOOKING FOR HELP ON CERTAIN ASPECTS OF HIS OR HER GAME INCLUDING DEFENSIVE SKILLS, OFFENSIVE AND STICK HANDLING SKILLS, AND GOALTENDING. THE LIGHTNING MADE SUMMER AND HOLIDAY CAMPS TARGET HOCKEY PLAYERS OF ALL SKILL LEVELS WHO ARE LOOKING TO ROUND OUT THEIR OVERALL GAME. THE LIGHTNING MADE ELITE DEVELOPMENT PROGRAM (EDP) IS AN ELITE PROGRAM TARGETED AT THE HIGHER CALIBER HIGH SCHOOL AGE PLAYER AND IS DESIGNED TO PROVIDE THAT PLAYER AN ADVANCED LEVEL OF TRAINING AND THE OPPORTUNITY FOR NATIONAL AND INTERNAL EXPOSURE IN ORDER TO ADVANCE TO THE NEXT LEVEL OF PLAY. ALL PROGRAMS UTILIZE USA HOCKEY CERTIFIED COACHES AND INSTRUCTORS, INCLUDING TAMPA BAY LIGHTNING ALUMNI AS WELL AS OTHER FORMER PROFESSIONAL AND COLLEGIATE HOCKEY PLAYERS.Expenses $941,425 · revenue $1,285,632
- 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. THE LIGHTNING HONORS A COMMUNITY HERO AT EACH OF THE LIGHTNING'S 41 REGULAR SEASON HOME GAMES AND AWARDS A $25,000 CHECK TO A NON-PROFIT CHARITY OF THE HERO'S CHOICE. THE PROGRAM IS ADMINISTERED IN COLLABORATION WITH THE VINIK FAMILY FOUNDATION, THE DOUGLAS AND JULIEA OSTROVER FOUNDATION, AND THE MARC AND JENNIFER LIPSCHULTZ FAMILY FOUNDATION.Expenses $18,815
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3542305
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,682,728
- Income (IRS master file)
- $10,471,023
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,225,093 | $8,593,364 | $5,682,728 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,619,664 | $5,138,750 | $4,379,203 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,417,268 | $4,979,594 | $3,939,302 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $7,122,611 | $3,327,348 | $3,863,407 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 59-3542305).
Questions about LIGHTNING FOUNDATION INC
- What is the EIN of LIGHTNING FOUNDATION INC?
- The employer identification number (EIN) of LIGHTNING FOUNDATION INC is 59-3542305.
- Is LIGHTNING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LIGHTNING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIGHTNING FOUNDATION 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 FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIGHTNING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIGHTNING FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ELIZABETH FRAZIER.
- Who are the officers and directors of LIGHTNING FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 5 received compensation from the organization, the highest $373,981 (ELIZABETH FRAZIER, EXECUTIVE DIRECTOR).
- How much revenue does LIGHTNING FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,225,093, expenses of $8,593,364 and total assets of $5,682,728 at year end.
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