Lightning Soccer Inc
- Assets
- $265.0k
- Revenue
- $327.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Hanover, NH
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 20-5991178
Organization Overview
Lightning Soccer Inc, operating under the name Lightning Soccer Club, is located in Hanover, NH. The organization was established in 2010. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Lightning Soccer Club employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightning Soccer Club 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 Soccer Club generated $327.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $268.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF LIGHTNING SOCCER, INC IS TO PROVIDE SOCCER PLAYERS THE OPPORTUNITY TO DEVELOP INDIVIDUAL AND TEAM SOCCER SKILLS THROUGH TRAINING AND COMPETITION IN A FUN, HIGH QUALITY SOCCER PROGRAM THAT ENCOURAGES SPORTSMANSHIP AND A LOVE OF THE GAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTNING SOCCER ORGANIZED PRACTICE SESSIONS, GAMES AND TOURNAMENTS FOR OVER 140 CHILDREN IN THE FALL OF 2020, AND OVER 150 CHILDREN IN THE SPRING OF 2021. IN GENERAL, EACH CHILD PARTICIPATES IN 2-3 PRACTICES A WEEK AND, INCLUDING TOURNAMENTS, 1-2 GAMES A WEEK THROUGHOUT EACH OF THE FALL AND SPRING SEASONS. IN ADDITION, LIGHTNING SOCCER ORGANIZED SUMMER AND CAMPS AND WINTER CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Barton Chairman | OfficerTrustee | 1 | $0 |
Kyle Smith Vice Chair | OfficerTrustee | 1 | $0 |
Mark Schiffman Secretary | OfficerTrustee | 2 | $0 |
Gordon Koff Treasurer | OfficerTrustee | 1 | $0 |
Jenna Mclaughlin General Member | Trustee | 1 | $0 |
Wendy Hall General Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,210 |
| Total Program Service Revenue | $254,104 |
| Investment income | $142 |
| 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 | $1,898 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,354 |
| 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 | $133,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,120 |
| Advertising and promotion | $1,249 |
| Office expenses | $39,227 |
| Information technology | $549 |
| Royalties | $0 |
| Occupancy | $21,355 |
| Travel | $0 |
| 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 | $9,937 |
| All other expenses | $3,002 |
| Total functional expenses | $268,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,366 |
| Savings and temporary cash investments | $154,625 |
| 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 | $264,991 |
| Accounts payable and accrued expenses | $157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $157 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $26,159 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $238,675 |
| Total liabilities and net assets/fund balances | $264,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lightning Soccer Inc has recieved totaling $26.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grassroot Soccer Inc Hanover, NH | $9,537,323 | $6,143,795 |
New England Futbol Club Inc Mendon, MA | $10,365,419 | $7,903,438 |
F C Stars Inc Acton, MA | $11,888,113 | $7,757,610 |
Fc Greater Boston Bolts Inc Framingham, MA | $1,933,967 | $5,392,273 |
Massachusetts Youth Soccer Association Incorporated Lancaster, MA | $8,182,339 | $2,646,960 |
Far Post Soccer Club Inc Essex Jct, VT | $512,303 | $1,345,152 |
Football Club Boston Inc Braintree, MA | $83,912 | $921,142 |
New England Premiership Inc Walpole, MA | $505,283 | $1,267,232 |
Galway Rovers Fc Of Hingham Inc Scituate, MA | $790,239 | $1,115,099 |
Needham Soccer Club Needham, MA | $1,123,372 | $991,199 |
Boston Area Youth Soccer League Inc Newton, MA | $330,262 | $969,643 |
New Hampshire Soccer Association Manchester, NH | $1,124,458 | $976,473 |