Carson Valley Balloon Festival
- Assets
- $25.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gardnerville, NV
- Founding
- Data as of
- 06/2024
- EIN
- 93-3938487
Organization Overview
Carson Valley Balloon Festival is located in Gardnerville, NV. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carson Valley Balloon Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT OF THE CARSON VALLEY BALLOON FESTIVAL IS TO PROVIDE AN ANNUAL 3-DAY HOT AIR BALLOON FESTIVAL. THIS FESTIVAL PROVIDES FAMILY ENTERTAINMENT, EDUCATIONAL OPPORTUNITIES, AND ECONOMIC BENEFIT TO THE LOCAL COMMUNITY THROUGH INCREASED TOURIST VISITATION. IN 2023 PROCEEDS FROM THE EVENT FACILITATED A CHARITABLE DONATION OF 20,000, MADE TO THE CENTER FOR HOME AND HEALING HTTPS://DOUGLASCENTERFORHOPEANDHEALING.ORG, WHICH PROVIDES FREE GRIEF COUNSELING. THE PROCEEDS ALSO PROVIDED 12 FREE SCHOOL ASSEMBLIES, INCLUDING 1 FOR HOME SCHOOLED CHILDREN, TO EDUCATE CHILDREN ABOUT THE SCIENCE OF HOT AIR BALLOONS AND PARTICIPATION IN A COMMUNITY WIDE HOLIDAY PARADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Nelson President | 5 | $0 | |
Amanda Johnson Vice Preside | 5 | $0 | |
Tracy Nelson Treasurer | 5 | $0 | |
Lorelei Lamb Secretary | 5 | $0 | |
Allen Anderson Trustee | 5 | $0 | |
Jason Smith Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,699 |
| Total Program Service Revenue | $1,669 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,568 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $123 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $70,029 |
| Total expenses | $71,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,416 |
| Other assets | $0 |
| Total assets | $25,416 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,416 |