Nonprofit · EIN 27-0952558
LASERS INC
Tax-exempt · LINCOLN, NE 68502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $347,291 | $275,823 | $71,468 | $281,051 | $0 | $281,051 |
| December 31, 2023 | 990 | $310,511 | $266,092 | $44,419 | $209,583 | $0 | $209,583 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,329
- Program service revenue
- $269,660
- Investment income
- $6,705
- Other revenue
- $69,597
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,045
- Occupancy
- $40,452
- Travel
- $15,139
- Program services (functional)
- $275,823
Balance sheet and other
- Total assets, start of year
- $209,583
- Total assets, end of year
- $281,051
- Total liabilities, end of year
- $0
- Net assets, end of year
- $281,051
- Net assets without donor restrictions
- $281,051
- Gross receipts
- $347,291
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN SIMPSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DOUG SIMON | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| TONYA SIMPSON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ANNETTE HELMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM NOTTLEMANN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BRENDA SEBEK | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN SIMPSON | PRESIDENT Trustee or director, Officer | 5 | $8,250 |
| DOUG SIMON | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| TONYA SIMPSON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ANNETTE HELMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVE BROKAW | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TOM NOTTLEMANN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BRENDA SEBEK | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2401 RYONS ST, LINCOLN, NE 68502-4025
- In care of
- % C/O ALLEN SIMPSON
- Mailing address (990-N for 2014)
- 2401 Ryons Street, Lincoln NE 68502
- Principal officer (990 for 2024)
- ALLEN SIMPSON, 2401 RYONS STREET, LINCOLN, NE 68502
- Principal officer (990-N for 2014)
- Annette Helman, 7901 S 18th Street, Lincoln NE 68512
- Signed the 990
- ALLEN SIMPSON, PRESIDENT
- Website
- WWW.NELASERHOOPS.COM
- Return prepared by
- BMG CERTIFIED PUBLIC ACCOUNTANTS LLP
Mission
TO PROMOTE AND TEACH AMATEUR BASKETBALL FOR FEMALE YOUTH IN LINCOLN, NEBRASKA AND THE SURROUNDING AREA.
Program accomplishments
- PARTICIPATE IN LEAGUE PLAY AND TOURNAMENT PLAY TO DEVELOP BASKETBALL SKILLS FOR THE BENEFIT OF APPROXIMATELY 150 FEMALE YOUTH.Expenses $275,823 · revenue $269,660
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0952558
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N63)
- Assets (IRS master file)
- $281,051
- Income (IRS master file)
- $347,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $347,291 | $275,823 | $281,051 | XML |
| 990 | December 2023 | $310,511 | $266,092 | $209,583 | XML |
| 990 | December 2022 | $277,242 | $269,724 | $165,164 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Annette Helman | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0952558).
Questions about LASERS INC
- What is the EIN of LASERS INC?
- The employer identification number (EIN) of LASERS INC is 27-0952558.
- Is LASERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LASERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LASERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LASERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LASERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LASERS INC?
- The 990 for the year ended December 31, 2024 names ALLEN SIMPSON.
- Who are the officers and directors of LASERS INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does LASERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $347,291, expenses of $275,823 and total assets of $281,051 at year end.
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All nonprofits in LINCOLN · Nebraska · Recreation and sports