OLSA Lightning Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, IL
- Founding
- 09/2014
- Data as of
- 12/2019
- EIN
- 45-3152812
Organization Overview
OLSA Lightning Inc is located in Burbank, IL. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. OLSA Lightning 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 12/2019, OLSA Lightning Inc generated $69.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $79.6k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
OLSA LIGHTNING INC WAS FORMED FOR THE PURPOSE OF A YEAR-ROUND DEVELOPMENTAL AND COMPETITIVE AGE-GROUP SWIMMING PROGRAM FOR YOUTHS AGES FIVE THROUGH EIGHTEEN. THE MISSION OF OLSA LIGHTNING IS TO TEACH SWIM TECHNIQUES AT ALL LEVELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wally Forsythe Head Coach Director | 20 | $18,742 | |
Linda Forsythe Treasurer-Director | 20 | $0 | |
Michelle Forbes Parks Secretary-Director | 10 | $0 | |
Anita Lugo President-Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $287 |
| Total Program Service Revenue | $3,155 |
| Membership dues | $62,159 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,212 |
| Other Revenue | $2,852 |
| Total Revenue | $69,578 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,028 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,851 |
| Total expenses | $79,579 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $859 |
| Net assets or fund balances | -$859 |
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