Fantasy Of Lights Basketball Tournament Inc
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Iowa Park, TX
- Founding
- 10/2004
- Data as of
- 05/2022
- EIN
- 20-1531286
Organization Overview
Fantasy Of Lights Basketball Tournament Inc is located in Iowa Park, TX. The organization was established in 2004. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fantasy Of Lights Basketball Tournament Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Fantasy Of Lights Basketball Tournament Inc generated $42.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $46.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Baxter Vice Pres | 0 | $0 | |
Brent Spray Vice Pres | 0 | $0 | |
Terry Shelton Sec-Trea | 0 | $0 | |
Carmen Lozipone President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,478 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,065 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,632 |
| Total expenses | $46,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,795 |
| Other assets | $0 |
| Total assets | $47,795 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,795 |
Peer Organizations
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|---|---|---|
Fab44 Basketball Little Rock, AR | $330,408 | $643,978 |
3 The Harden Way Inc Houston, TX | $336,712 | $584,859 |
Katy Youth Basketball Inc Katy, TX | $227,732 | $452,078 |
Texas Tar Heels Basketball Academy Inc Lewisville, TX | $61,936 | $350,622 |
Austin Lady Magic Austin, TX | $23,821 | $302,214 |
Elite Youth Proskills Basketball Mckinney, TX | $241,998 | $146,130 |
Red River Athletic Conference Inc Waco, TX | $52,838 | $226,033 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |
Westlake Youth Basketball Association Austin, TX | $248,792 | $229,746 |
D-1 Prospects Inc San Antonio, TX | $2,390 | $0 |
Onecrew Fulshear, TX | $0 | $154,536 |
Texas Association Of Basketball Coaches Inc Sugarland, TX | $333,522 | $284,944 |