National Balloon Classic Ltd
- Assets
- $736.8k
- Revenue
- $570.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Indianola, IA
- Founding
- 07/1985
- Data as of
- 10/2021
- EIN
- 51-0137286
Organization Overview
National Balloon Classic Ltd is located in Indianola, IA. The organization was established in 1985. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, National Balloon Classic Ltd employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Balloon Classic Ltd 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 10/2021, National Balloon Classic Ltd generated $570.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $400.3k during the year ending 10/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
PROMOTION OF HOT AIR BALLOONING THROUGH PUBLIC EDUCATION & ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAGED A NINE DAY SPORT BALLOONING CHAMPIONSHIP FOR THE EDUCATION AND ENJOYMENT OF THE GENERAL PUBLIC.
STAGED A NINE DAY SPORT BALLOONING CHAMPIONSHIP FOR THE EDUCATION AND ENJOYMENT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Staci Scheurenbrand Executive Director | Officer | 40 | $95,521 |
Jim Stockberger President | OfficerTrustee | 2 | $0 |
Becky Needles VP & Treasurer | OfficerTrustee | 2 | $0 |
Nathan Fehl Food & Beverage Chair | Trustee | 1 | $0 |
Dave Moeller Director | Trustee | 1 | $0 |
Jim Fromm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,257 |
| Total Program Service Revenue | $274,552 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,590 |
| 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 | $8,705 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,202 |
| 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. | $97,101 |
| Compensation of current officers, directors, key employees. | $24,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,309 |
| Advertising and promotion | $12,999 |
| Office expenses | $9,200 |
| Information technology | $6,041 |
| Royalties | $0 |
| Occupancy | $13,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,556 |
| All other expenses | $101,319 |
| Total functional expenses | $400,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,313 |
| Savings and temporary cash investments | $105,934 |
| 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 | $362,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $736,805 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $736,805 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $736,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Balloon Classic Ltd has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
GreenState Credit Union UNION North Liberty, IA PURPOSE: NATL Balloon Classic | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Soccer Coaches Association Kansas City, MO | $4,636,300 | $5,313,564 |
Grandmas Marathon Duluth Inc Duluth, MN | $4,529,523 | $3,514,525 |
Usa Clay Target League Eagan, MN | $1,267,194 | $3,236,023 |
Wheatland Township Athletic Association Inc Aurora, IL | $4,158,124 | $2,808,374 |
Active Transportation Alliance Chicago, IL | $1,649,149 | $2,942,303 |
Maine-Niles Association Of Special Recreation Morton Grove, IL | $1,450,552 | $1,810,056 |
Greater Libertyville Soccer Association Inc Libertville, IL | $3,518,795 | $1,495,963 |
Chicago City Soccer Club Chicago, IL | $685,341 | $1,785,211 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Girls On The Run Chicago Inc Chicago, IL | $859,018 | $1,315,368 |
Red Wing Municipal Golf Corporation Red Wing, MN | $103,417 | $1,088,707 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |