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Nonprofit · EIN 75-2512294

TEXAS LIGHTNING YOUTH SOCCER

Tax-exempt · ARLINGTON, TX 76015

Financials

$185K$176K2022
Revenue Expenses · by fiscal year end
Financials of TEXAS LIGHTNING YOUTH SOCCER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$184,885$175,955$8,930$79,617$303,363-$223,746
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$18,951
Program service revenue
$165,934
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$450
Program services (functional)
$167,484
Management and general (functional)
$8,471

Balance sheet and other

Total assets, start of year
$51,780
Total assets, end of year
$79,617
Total liabilities, end of year
$303,363
Net assets, end of year
-$223,746
Net assets without donor restrictions
-$223,746
Gross receipts
$184,885
Employees
0
Volunteers
12
Year formed
1999
State of legal domicile
TX

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 June 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
Kathy BrownTreasurer/Secretary
Officer
40$10,000
Vic BrownPresident
Trustee or director, Officer
55$0
Paul McLeanVP
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 150044, ARLINGTON, TX 76015-6044
In care of
% VIC BROWN
Principal officer (990 for 2022)
Vic Brown, 342 Rolling Oaks Ridge, Cedar Hill, TX 75104
Signed the 990
Vic Brown, President
Phone
(972) 299-9028
Return prepared by
Angela L Haley CPA

Mission

Develope and Promote Youth Soccer Skills

990 for the year ended June 30, 2023

Program accomplishments

  • Host soccer tournaments in which soccer teams from around the country, including Texas Lightning teams, participate. More than 250 teams were in attendance in 2021/22 which equates to approximately 3500 players participating in these tournaments.
    Expenses $167,484 · revenue $165,933
  • Sponsor fundraising activities through such venues as Globe Life Park in Arlington, TX. These activities provide the opportunity for family members to raise funds to help offset the cost of membership to Texas Lightning SC, LLC. These membership payments are included in taxable income for Texas Lightning SC, LLC, a for-profit LLC chartered in the State of Texas. Paid workers required to manage concession booths and coordinate volunteers are paid from a portion of the proceeds. These payments are reported on 1099-NEC by this organization at the end of each calendar year.
    revenue $18,951

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
75-2512294
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
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$79,617
Income (IRS master file)
$184,885

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$184,885$175,955$79,617XML
990June 2022$184,325$206,165$51,780IRS
990June 2021–––IRS
990-EZJune 2020–––IRS
990June 2018–––IRS

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 75-2512294).

Questions about TEXAS LIGHTNING YOUTH SOCCER

What is the EIN of TEXAS LIGHTNING YOUTH SOCCER?
The employer identification number (EIN) of TEXAS LIGHTNING YOUTH SOCCER is 75-2512294.
Is TEXAS LIGHTNING YOUTH SOCCER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to TEXAS LIGHTNING YOUTH SOCCER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEXAS LIGHTNING YOUTH SOCCER 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 TEXAS LIGHTNING YOUTH SOCCER due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS LIGHTNING YOUTH SOCCER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of TEXAS LIGHTNING YOUTH SOCCER?
The 990 for the year ended June 30, 2023 names Vic Brown.
Who are the officers and directors of TEXAS LIGHTNING YOUTH SOCCER?
The 990 for the year ended June 30, 2023 lists 3 people; 1 received compensation from the organization, the highest $10,000 (Kathy Brown, Treasurer/Secretary).
How much revenue does TEXAS LIGHTNING YOUTH SOCCER have?
On its 990 for the year ended June 30, 2023 it reported revenue of $184,885, expenses of $175,955 and total assets of $79,617 at year end.

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