Albuquerque Balloon Championship Inc
- Assets
- $67.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-0686366
Organization Overview
Albuquerque Balloon Championship Inc is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Albuquerque Balloon Championship Inc 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 12/2022, Albuquerque Balloon Championship Inc generated $71.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $106.6k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MANAGED 4TH OF JULY CELEBRATION AND PARKING FOR THE CITY OF ALBUQUERQUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Smith President/director | 5 | $0 | |
Matt Guthrie Secretary/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $71,348 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,348 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $106,593 |
| Total expenses | $106,593 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,912 |
| Other assets | $0 |
| Total assets | $67,912 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,912 |