Overview
What is Lightning Basketball Inc?
Lightning Basketball Inc, situated in West Hempstead, New York, is a nonprofit organization dedicated to the growth and development of children aged 9-17 in basketball skills. With a team size of over 240 (approximately 2700 individuals), they conduct open tryouts, advertised in local newspapers and sports facilities. Successful candidates compete in approximately 30-40 games across various tournaments nationwide. To ensure a balanced focus on academics, tutoring services are available for students who may need assistance. The organization's mission is rooted in the overall well-being and improvement of children, aiming to foster their athletic abilities while maintaining their academic success.
Official website here: www.longislandlightning.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 54%, One-Star out of Four Star rating.
Lightning Basketball Inc has received a low score from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. The organization has a very limited independent board, with only one independent member, and lacks several essential policies, such as a conflict of interest and whistleblower policy. The absence of financial statements and other key documents further raises concerns regarding transparency.
Despite these weaknesses, Lightning Basketball Inc demonstrates a strong commitment to its programs, as evidenced by a program expense ratio of 100%. This means that all its expenses are dedicated to program activities, which reflects positively on its mission. Additionally, the organization has no liabilities, indicating a stable financial position in that regard.
Overall, while Lightning Basketball Inc shows a dedication to its purpose, the lack of governance structures and transparency measures may deter potential donors and supporters. To improve its rating and inspire greater trust, it should focus on enhancing its board independence and policy frameworks.
This AI summary has been generated from information found on Charity Navigator.
Is Lightning Basketball Inc legitimate?
Lightning Basketball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lightning Basketball Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,100
For more financial information, click here
Official website here: www.longislandlightning.com
What is the mission statement of Lightning Basketball Inc?
Lightning Basketball Inc is an organization dedicated to the development of basketball skills in children aged 9-17. Its mission is to provide them with opportunities to enhance their skills through various tournaments, with approximately 2700 boys and girls participating in over 240 teams. The organization ensures that the children's academic success is not compromised by offering tutoring services to those who need assistance. They conduct open tryouts, advertised in newspapers and local sports facilities, to select the teams. Each team typically plays around 30-40 games in tournaments held across the United States.
Official website here: www.longislandlightning.com
Who is the CEO of Lightning Basketball Inc?
James M Fox is the Executive Director & Cfo of Lightning Basketball Inc.
Official website here: www.longislandlightning.com
What is the revenue of Lightning Basketball Inc?
Lightning Basketball Inc's revenue in 2022 was $1,632,155.
Official website here: www.longislandlightning.com
Who are the executives of Lightning Basketball Inc and what are their salaries?
The average compensation at Lightning Basketball Inc during 2022 was $32,820. There are 5 employees at Lightning Basketball Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.longislandlightning.com
Where can I find the form 990 for Lightning Basketball Inc?
Lightning Basketball Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.longislandlightning.com
Learn more at the official website: www.longislandlightning.com
Mission Statement of Lightning Basketball Inc
Lightning Basketball Inc, a dedicated organization, focuses on the development of basketball skills in children between the ages of 9 and 17. The primary mission of this nonprofit is to provide these young athletes with a comprehensive and well-rounded experience, ensuring that their academic success is not compromised by their passion for basketball. To achieve this, Lightning Basketball Inc selects numerous teams through open tryouts, advertised in local newspapers and sports facilities. These teams then participate in approximately 30-40 games in tournaments held across the United States.
In addition to fostering athletic prowess, Lightning Basketball Inc recognizes the importance of academic excellence. To support struggling students, tutoring services are provided, ensuring that these young athletes can maintain a healthy balance between their academic responsibilities and their basketball commitments. By offering this holistic approach, Lightning Basketball Inc empowers its participants to grow not only as skilled basketball players but also as well-rounded individuals, prepared for the challenges of both the court and the classroom.
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Impact
July, 2024
Lightning Basketball Inc's impact primarily manifests as a dedicated effort towards the development of basketball skills among children aged 9-17. The organization has successfully managed over 240 teams, comprising approximately 2700 boys and girls. These teams were carefully selected through open tryouts, ensuring a fair and inclusive recruitment process. Each team participated in around 30-40 games across tournaments held throughout the United States, providing valuable competitive experience to the young athletes.
Moreover, Lightning Basketball Inc has emphasized the importance of academic success alongside athletic achievements. The organization offered tutoring support to students facing academic challenges, demonstrating a commitment to fostering well-rounded development among its participants. By ensuring a balance between basketball success and academic performance, Lightning Basketball Inc is contributing to the holistic growth of the children involved in its programs.
This information is meant to be a general summary of Lightning Basketball Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,134,898
- Gross Receipts: $1,632,155
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAYER REGISTRATION
Revenue
$1,134,898
Organization Details
Founding Year
1993
Phone
(516) 292-4956Principal Officer
James M Fox
Main Address
45 CHERRY VALLEY AVE, WEST HEMPSTEAD, NY, 11552
Website
www.longislandlightning.comNTEE Category
Code: N62 - Recreation
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