LASERS INC

EIN: 270952558 501(c)(3) Recreation & Sports

LINCOLN, NE

Total Revenue
$310,511
Total Expenses
$266,092
Total Assets
$209,583
Net Assets
$209,583
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NE
Principal Officer
ALLEN SIMPSON
Phone
4026170571
Tax Period
2023-01-01 to 2023-12-31

LASERS INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $311K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $266K left a modest 14% surplus.

Mission

TO PROMOTE AND TEACH AMATEUR BASKETBALL FOR FEMALE YOUTH IN LINCOLN, NEBRASKA AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $266,092 Revenue: $276,778

PARTICIPATE IN LEAGUE PLAY AND TOURNAMENT PLAY TO DEVELOP BASKETBALL SKILLS FOR THE BENEFIT OF APPROXIMATELY 150 FEMALE YOUTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $627
Program Service Revenue $276,778
Investment Income $2,109
Other Revenue $30,997
TOTAL REVENUE $310,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $266,092
Other Expenses $266,092
TOTAL EXPENSES $266,092

Year-over-Year Comparison

2023 2022 Change
Revenue $310,511 $277,242 +0.1%
Expenses $266,092 $269,724 0.0%
Net Income $44,419 $7,518 +4.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$8,250
Total Directors
7
$8,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN SIMPSON PRESIDENT 5.00
Officer Director
$8,250 $0 $8,250
DOUG SIMON VICE PRESIDE 0.50
Officer Director
$0 $0 $0
TONYA SIMPSON SECRETARY 0.50
Officer Director
$0 $0 $0
ANNETTE HELMAN TREASURER 1.00
Officer Director
$0 $0 $0
DAVE BROKAW BOARD MEMBER 0.50
Director
$0 $0 $0
TOM NOTTLEMANN BOARD MEMBER 0.50
Director
$0 $0 $0
BRENDA SEBEK BOARD MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $310,511 $266,092 $209,583 $44,419
2022 $277,242 $269,724 $165,164 $7,518
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