Ogden Valley Balloon Fest Inc
- Assets
- $1.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, UT
- Founding
- 03/2005
- Data as of
- 12/2020
- EIN
- 20-1217120
Organization Overview
Ogden Valley Balloon Fest Inc is located in Huntsville, UT. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Ogden Valley Balloon Fest 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 12/2020, Ogden Valley Balloon Fest Inc generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $10.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (29.4%) per year over the past 5 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
2020
Describe the Organization's Program Activity:
Part 3
BALLOON FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marla Rawlings Board At Large | 1 | $0 | |
Terry Murphy Chair | 1 | $0 | |
Allen Turner Board At Large | 1 | $0 | |
Beverly Besher Board At Large | 1 | $0 | |
Janet Smith Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,500 |
| 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 | $695 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $257 |
| Other expenses | $9,329 |
| Total expenses | $10,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,781 |
| Other assets | $0 |
| Total assets | $1,781 |
| Total liabilities | $144 |
| Net assets or fund balances | $1,637 |
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