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Fantasy Of Lights Basketball Tournament

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201531286 ✦ Iowa park, TX ✦ Designated as a 501(c)(3)

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Overview

What is Fantasy Of Lights Basketball Tournament?

The Fantasy of Lights Basketball Tournament is a nonprofit organization that encourages youth participation in sports by organizing an annual five-state basketball competition. Their mission extends beyond the tournament, offering scholarships to deserving high school students from the local community. This initiative serves to nurture young talents and provide them with financial assistance for their future studies, thereby promoting both sportsmanship and academic excellence.


Official website here: www.fantasyoflights.org

Is Fantasy Of Lights Basketball Tournament legitimate?

Fantasy Of Lights Basketball Tournament is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fantasy Of Lights Basketball Tournament submitted a form 990EZ, 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: $0

For more financial information, click here


Official website here: www.fantasyoflights.org

What is the mission statement of Fantasy Of Lights Basketball Tournament?

The Fantasy of Lights Basketball Tournament serves to encourage youth sports competition on a yearly basis, spanning across five states. A significant aspect of their mission involves providing scholarships to deserving local high school students. Their primary objective is to foster a competitive environment for young athletes while offering educational opportunities through financial aid.


Official website here: www.fantasyoflights.org

What is the revenue of Fantasy Of Lights Basketball Tournament?

Fantasy Of Lights Basketball Tournament's revenue in 2023 was $34,860.


Official website here: www.fantasyoflights.org

Who are the executives of Fantasy Of Lights Basketball Tournament and what are their salaries?

Here are 4 key members and their salaries:


Carmen Lozipone (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Spray (Vice Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Baxter (Vice Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Shelton (Sec-Trea)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fantasyoflights.org

Where can I find the form 990EZ for Fantasy Of Lights Basketball Tournament?

Fantasy Of Lights Basketball Tournament's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.fantasyoflights.org

Learn more at the official website: www.fantasyoflights.org

Mission Statement of Fantasy Of Lights Basketball Tournament

The Fantasy of Lights Basketball Tournament is committed to promoting youth sports competitiveness by hosting an annual five-state basketball tournament. Beyond fostering athletic skills, this tournament also serves as a platform to award scholarships to deserving local high school students. By doing so, the tournament not only encourages sportsmanship but also invests in the future of these young individuals, empowering them with financial aid for their education.

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Impact




August, 2024

The Fantasy Of Lights Basketball Tournament has a significant impact on the community by fostering youth sports competition through an annual five-state basketball tournament and providing scholarships for local high school students. This event promotes physical activity, teamwork, and sportsmanship among youth athletes while also supporting academic achievement through financial assistance for higher education. Overall, the tournament plays a crucial role in enhancing the well-being and development of young individuals in the Iowa Park, TX area.




This information is meant to be a general summary of Fantasy Of Lights Basketball Tournament. 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.

Revenue
$34,860 (2023)
Expenses
$69,544 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4
  • Program Service Revenue: $34,856
  • Gross Receipts: $34,860

Assets and Liabilities:

  • Total Assets: $13,111
  • Total Liabilities: $0
  • Net Assets: $13,111

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Organization Details

Principal Officer

Carmen Lozipone

NTEE Category

Code: N62 - Recreation

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