Lightning Foundation Inc

Organization Overview

Lightning Foundation Inc is located in Tampa, FL. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Lightning Foundation Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightning Foundation 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 06/2021, Lightning Foundation Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Lightning Foundation Inc has awarded 148 individual grants totaling $3,295,015. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INVESTING RESOURCES AND LEADERSHIP FOR THE ADVANCEMENT OF THE PEOPLE OF TAMPA BAY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 OF THESE PROGRAMS 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 CHARGE. THE LIGHTNING FOUNDATION HOSTS CHARITY EVENTS WITH OUR PLAYERS INCLUDING COOPS CATCH FOR KIDS (PEDIATRIC CANCER), BOLTS AND BULLS GOLF TOURNAMENT (USF), THE BOLTS FAMILY CARNIVAL, 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 4000 HOURS ANNUALLY AT A VARIETY OF NON-PROFITS WITHOUT FAIL. THE TAMPA BAY LIGHTNING, ALONG WITH PROUD PARTNERS MICROLUMEN AND THE MAKE A WISH FOUNDATION, HAVE PROGRAMMING WITH 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 FOOD BANK THAT CORRELATES TO THE NUMBER OF GOALS SCORED DURING THE SEASON. LICENSE PLATES - THE LIGHTNING FOUNDATION 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.


HOCKEY CAMPS - 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 AND CLINICS 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 LEVEL 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.


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-PROFITSTHROUGHOUT THE TAMPA BAY COMMUNITY. THE LIGHTNING HONORS A COMMUNITY HERO AT EACH OF THE LIGHTNING'S 41 REGULAR SEASON HOME GAMES, AND AWARDS A $50,000 CHECK TO A NON-PROFIT CHARITY OF THE HEROES CHOICE. THE PROGRAM IS ADMINISTERED IN COLLABORATION WITH THE VINIK FAMILY FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Frazier
Executive Director
$41,537
Jess Merrick
Secretary
$0
Jeff Vinik
Chairman
$0
Craig Sher
Director
$0
Steve Griggs
Director
$0
Penny Vinik
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$275,751
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,686,846
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,962,597
Total Program Service Revenue$502,198
Investment income $9,342
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $440,760
Net Income from Gaming Activities $173,641
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,116,313

Grants Awarded

Over the last fiscal year, Lightning Foundation Inc has awarded $324,750 in support to 9 organizations.

Grant RecipientAmount

USF FOUNDATION INC

PURPOSE: General Donation

$90,750

COMMUNITY FOUNDATION OF TAMPA BAY

Org PageRecipient Profile

Tampa, FL

PURPOSE: General Donation

$51,500

SUPPORT THE TROOPS

Org PageRecipient Profile

Wesley Chapel, FL

PURPOSE: General Donation

$50,000

MOFFITT CANCER CENTER

Org PageRecipient Profile

Tampa, FL

PURPOSE: General Donation

$45,000

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: General Donation

$30,000

EVERFI INC

PURPOSE: General Donation

$17,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lightning Foundation Inc has recieved totaling $187.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$187
Derrick Brooks Charities Inc

Tampa, FL

PURPOSE: PROGRAM

$0
View Grant Recipient Profile

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