Balloons Over Vermilion Nfp
- Assets
- $496.1k
- Revenue
- $420.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, IL
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 81-0815555
Organization Overview
Balloons Over Vermilion Nfp is located in Danville, IL. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balloons Over Vermilion Nfp 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 12/2021, Balloons Over Vermilion Nfp generated $420.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $388.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Balloons Over Vermilion Nfp has awarded 18 individual grants totaling $171,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER 501(C)(3)
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY EVENTS IN VERMILION COUNTY - BALLOON EVENT JULY, 2021 AND FESTIVAL OF TREES NOVEMBER, 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick O'shaughnessy President | OfficerTrustee | 20 | $0 |
James Anderson V President | OfficerTrustee | 10 | $0 |
Doug Ahrens Secretary | OfficerTrustee | 5 | $0 |
Dean Carlton Director | Trustee | 5 | $0 |
Patricia Owens Treasurer | Trustee | 10 | $0 |
Larry Owen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,554 |
| Total Program Service Revenue | $134,152 |
| Investment income | $876 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,860 |
| Office expenses | $1,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,555 |
| 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 | $12,518 |
| All other expenses | $35,813 |
| Total functional expenses | $388,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,140 |
| Savings and temporary cash investments | $0 |
| 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 | $496,140 |
| Accounts payable and accrued expenses | $144,839 |
| 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 | $683 |
| Total liabilities | $145,522 |
| Net assets without donor restrictions | $350,618 |
| 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 | $496,140 |
Grants Awarded
Over the last fiscal year, Balloons Over Vermilion Nfp has awarded $104,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Peoria, IL PURPOSE: CANCER CENTER EQUIPMENT | $65,000 |
VERMILION HERITAGE FOUNDATION PURPOSE: STREAMING EQUIPMENTCANCER | $14,000 |
Danville, IL PURPOSE: SOCCER GOALS | $10,000 |
Potomac, IL PURPOSE: HOOVES FOR HOPE PROGRAMAMT | $7,500 |
Danville, IL PURPOSE: RENOVATION OF TRANSITIONAL HOUSING | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Balloons Over Vermilion Nfp has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Julius W Hegeler Ii Foundation Danville, IL PURPOSE: SUPPORT FOR COMMUNITY EVENT | $70,000 |
Iroquois Federal Foundation Inc Watseka, IL PURPOSE: FESTIVAL OF TREES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Soccer Coaches Association Kansas City, MO | $4,636,300 | $5,313,564 |
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 |
St Margarets House South Bend, IN | $3,080,061 | $1,550,820 |
Girls On The Run Chicago Inc Chicago, IL | $859,018 | $1,315,368 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |
Ahrens Park Foundation Grinnell, IA | $5,714,347 | $745,032 |
Hope For Haitians Inc Rockford, IL | $584,985 | $635,130 |