Lightning Youth Athletics Inc
- Assets
- $158.9k
- Revenue
- $360.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, WI
- Founding
- 02/2007
- Data as of
- 07/2022
- EIN
- 68-0623252
Organization Overview
Lightning Youth Athletics Inc is located in Salem, WI. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightning Youth Athletics 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 07/2022, Lightning Youth Athletics Inc generated $360.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $337.2k during the year ending 07/2022. While expenses have increased by 26.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATIONS PURPOSE SHALL BE FOR THE ORGANIZATION, DEVELOPMENT, AND PROMOTION OF YOUTH ATHLETICS, OUR OBJECTIVE IS TO ELEVATE THE LEVEL OF PLAY TO THE HIGHEST CALIBER POSSIBLE WITHIN A COMPETITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURNAMENT PARTICIPATION THROUGHOUT THE YEAR
OTHER EXPENSES RELATED TO TEACHING THE PLAYERS LIFE SKILLS OF FAIR PLAY, SPORTSMANSHIP AND RESPECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Boydston Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Rosenbaum Secretary | OfficerTrustee | 1 | $0 |
Don Spohr President | OfficerTrustee | 1 | $0 |
Chris Conger Vice President | OfficerTrustee | 1 | $0 |
Peter Plapp Trustee | Trustee | 1 | $0 |
Jason Sturino Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,660 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,732 |
| Total Program Service Revenue | $325,582 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,650 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,572 |
| Travel | $11,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,531 |
| All other expenses | $13,895 |
| Total functional expenses | $337,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,717 |
| Savings and temporary cash investments | $101,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,932 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $11,103 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,103 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $147,829 |
| Total liabilities and net assets/fund balances | $158,932 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lightning Youth Athletics Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Service Society Of Wisconsin Milwaukee, WI | $14,842,492 | $52,689,680 |
Warm Blankets Childrens Foundation Inc Rolling Meadows, IL | $1,863,043 | $8,239,243 |
Running Rebels Community Organization Inc Milwaukee, WI | $6,399,369 | $7,453,258 |
Kids Around The World Inc Rockford, IL | $3,875,247 | $5,941,547 |
Center Of The American Experiment Golden Valley, MN | $2,778,066 | $5,418,684 |
Northern Lights Junior Volleyball Inc Burnsville, MN | $2,344,363 | $4,802,120 |
Youth & Opportunity United Inc Evanston, IL | $12,497,971 | $3,232,601 |
Life House Incorporated Duluth, MN | $3,542,824 | $3,195,921 |
Uncommon Sports Group St Louis Park, MN | $1,690,784 | $2,171,450 |
Good Will Farm Association Houghton, MI | $7,890,594 | $2,002,394 |
Crisis Nursery Urbana, IL | $5,150,005 | $1,857,536 |
Homework Hangout Club Decatur, IL | $500,272 | $1,621,582 |