Overview
What is Lightning Foundation?
The Lightning Foundation, based in Tampa, Florida, is a charitable organization dedicated to uplifting the community by providing support to numerous non-profits and programs. Their initiatives include sponsoring charity events, donating signed items for auctions, and offering player experiences to various local organizations. The Player Ticket Program aims to connect players with deserving non-profits, allowing their clients and volunteers to enjoy Lightning hockey matches. Charity events, such as Coops Catch for Kids and the Bolts Family Carnival, are also hosted with player involvement. The organization has a partnership with the University of South Florida's Sports Management and Entertainment Program, and an employee volunteer program encourages employees to contribute to local non-profits. Through initiatives like the Mosaic Goals for Food Program and the A Wish Experience Program, the Lightning Foundation strives to enrich the lives of Tampa Bay residents.
Official website here: www.nhl.com/lightning/community/lightning
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 82% (Three-Star out of Four Stars)**
The Lightning Foundation has received an 82% rating from Charity Navigator, indicating a solid level of financial accountability and transparency. The score is based entirely on its Accountability & Finance, which reflects strengths such as a low liabilities-to-assets ratio and a high program expense ratio, suggesting that a significant portion of their funds is dedicated to their programs. However, some areas for improvement include the absence of a whistleblower and document retention policy, which could enhance governance practices.
The organization demonstrates a commitment to maintaining an independent board, although it falls short in terms of board size, which may impact diverse perspectives in decision-making. Moreover, its financial stability is bolstered by a lack of material asset diversion, reinforcing the integrity of its operations. The reported salaries of key staff members are relatively high, which may raise questions regarding compensation practices within the nonprofit sector.
Unfortunately, user reviews from GreatNonprofits are currently not available, so insight from the public sentiment regarding the Lightning Foundation’s work and impact cannot be provided. If reviews become available, they would further highlight the organization's strengths and any areas that may require attention from community members and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lightning Foundation legitimate?
Lightning Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lightning Foundation 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: $171,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $834,035
For more financial information, click here
Official website here: www.nhl.com/lightning/community/lightning
What is the mission statement of Lightning Foundation?
The Lightning Foundation is dedicated to investing its resources and leadership for the betterment of individuals within a specific community, focusing on meeting basic human needs and enhancing lives. The organization supports numerous non-profits and programs annually, providing financial assistance, charity event sponsorships, and player experiences for various charity auctions and raffles. The Player Ticket Program connects players with local non-profits, offering them the opportunity to attend Lightning hockey games. The foundation hosts charity events with players, such as Coops Catch for Kids and the Bolts Family Carnival, and partners with the USF Sports Management and Entertainment Program. The employees of the foundation contribute volunteer hours to various non-profits through the (C.H.A.R.G.E.) Program. The foundation also collaborates with organizations like Make-A-Wish Foundation for unique experiences and sponsors programming that donates funds to local banks correlated to the number of goals scored during the season.
Official website here: www.nhl.com/lightning/community/lightning
Who is the CEO of Lightning Foundation?
Elizabeth Frazier is the Director of Lightning Foundation.
Official website here: www.nhl.com/lightning/community/lightning
What is the revenue of Lightning Foundation?
Lightning Foundation's revenue in 2022 was $7,122,611.
Official website here: www.nhl.com/lightning/community/lightning
Who are the executives of Lightning Foundation and what are their salaries?
The average compensation at Lightning Foundation during 2022 was $12,110. There are 83 employees and 100 volunteers at Lightning Foundation.
Here are 8 key members and their salaries:
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- Compensation: $169,386
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Official website here: www.nhl.com/lightning/community/lightning
Where can I find the form 990 for Lightning Foundation?
Lightning Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhl.com/lightning/community/lightning
Learn more at the official website: www.nhl.com/lightning/community/lightning
Mission Statement of Lightning Foundation
The Lightning Foundation, an organization dedicated to advancing the people of Tampa Bay, is committed to investing its resources and leadership to enrich lives and meet basic human needs. The mission of this nonprofit is to make a significant impact in the community by supporting numerous non-profit organizations and programs annually. Through charity event sponsorships, table donations, and providing signed items for auctions and raffles, the Lightning Foundation contributes to various causes in Tampa Bay.
One of their initiatives is the Player Ticket Program, which aims to connect Lightning players with local non-profits and offer their clients and volunteers the opportunity to attend Lightning hockey games. The program offers different ticket packages at various price points, allowing players to contribute to their chosen causes. Additionally, the Lightning Foundation hosts charity events with their players, such as Coops Catch for Kids, Bolts and Bulls Golf Tournament, the Bolts Family Carnival, and the Player Charity Holiday Party.
The Lightning Foundation also provides financial support to the USF Sports Management and Entertainment Program in the USF College of Business. With a strong employee volunteer program, the Lightning Foundation encourages its employees to contribute volunteer hours at various non-profits across the region through their generous employees. The CHARGE Program, which encourages the Lightning family to volunteer a minimum of 4,000 hours annually at various non-profits, is another testament to their commitment to the community.
In collaboration with Microlumen and the Make-A-Wish Foundation, the Lightning Foundation offers the A Wish Experience Program, featuring eight dates throughout the season during which the Bolts and Microlumen host a Make-A-Wish family for the game, offering unforgettable and unique experiences. Furthermore, the Lightning Foundation partners with Florida Sports Foundation to offer a specialty Tampa Bay Lightning license plate tag, with a portion of the proceeds from each tag benefiting the Lightning Foundation.
In summary, the Lightning Foundation's mission is to invest in the betterment of the Tampa Bay community, primarily by supporting various non-profit organizations and programs, engaging players in charity events, and encouraging employee volunteerism. Through these initiatives, the Lightning Foundation strives to meet basic human needs and enrich lives in Tampa Bay.
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Impact
July, 2024
Lightning Foundation's impact in Tampa Bay is substantial and far-reaching. By investing resources and leadership in various initiatives, the foundation has made a significant difference in the lives of those in need. Through partnerships with numerous non-profits and programs, the Lightning Foundation has supported a wide range of charitable activities, from purchasing charity event sponsorships to donating signed items and player experiences for charity auctions and raffles.
One noteworthy program is the Player Ticket Program, which connects Lightning players with local non-profit organizations, providing clients and volunteers the opportunity to attend live hockey games. Additionally, the foundation hosts charity events with players, such as Coops Catch for Kids and the Bolts and Bulls Golf Tournament, benefiting causes like pediatric cancer.
Moreover, the Lightning Foundation's commitment to community service is evident through initiatives like the Employee Volunteer Program and the (C.H.A.R.G.E.) Program, which encourages volunteering at various non-profits. The foundation's support of the USF Sports Management and Entertainment Program further demonstrates their dedication to enriching the Tampa Bay community.
Through innovative programs like the Make-A-Wish Experience Program and the Mosiac Goals for Food Program, the Lightning Foundation continues to make a positive impact on the lives of individuals in Tampa Bay. The foundation's collaboration with the Florida Sports Foundation on specialty license plate tags also contributes to their mission of meeting basic human needs and enhancing lives in the region.
This information is meant to be a general summary of Lightning Foundation. 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.
- Investment Income: $38
- Program Service Revenue: $836,911
- Gross Receipts: $8,258,710
Assets and Liabilities:
- Total Assets: $3,863,407
- Total Liabilities: $578,109
- Net Assets: $3,285,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOCKEY CAMPS
Revenue
$177,744
PLAYER TICKET PROGRAM
Revenue
$170,000
IGF PROGRAM
Revenue
$161,470
Organization Details
Founding Year
1998
Phone
(813) 301-6500Principal Officer
Elizabeth Frazier
Main Address
401 CHANNELSIDE DR, TAMPA, FL, 33602
NTEE Category
Code: B82 - Education
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