Adirondack Hot Air Balloon Festival Inc
- Assets
- $150.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 14-1590804
Organization Overview
Adirondack Hot Air Balloon Festival Inc is located in Glens Falls, NY. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. Adirondack Hot Air Balloon Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Adirondack Hot Air Balloon Festival Inc generated $105.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ANNUAL ADIRONDACK HOT AIR BALLOON FESTIVAL WAS HELD FOR THE EDUCATIONAL ENJOYMENT AND ENTERTAINMENT OF THE ADIRONDACK COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Sellingham Director | 0 | $0 | |
Erin Coker Director | 0 | $0 | |
Holly Durivage Director | 0 | $0 | |
Mark Donahue Board Chair | 0 | $0 | |
Joan Grishkot Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,361 |
| Total Program Service Revenue | $74,569 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,930 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,483 |
| Other expenses | $96,407 |
| Total expenses | $102,240 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,641 |
| Other assets | $0 |
| Total assets | $150,641 |
| Total liabilities | $0 |
| Net assets or fund balances | $150,641 |
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