Temecula Valley Balloon & Wine Festival Association
- Assets
- $163.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Temecula, CA
- Founding
- 01/1992
- Data as of
- 09/2021
- EIN
- 33-0482589
Organization Overview
Temecula Valley Balloon & Wine Festival Association is located in Temecula, CA. The organization was established in 1992. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Temecula Valley Balloon & Wine Festival Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temecula Valley Balloon & Wine Festival Association 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 09/2021, Temecula Valley Balloon & Wine Festival Association generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $53.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (42.3%) per year over the past 6 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
ANNUAL BALLOON AND WINE FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parwit Hass Member | 1 | $0 | |
Lynn Shaver Director | 4 | $0 | |
Edward Ness Vice President | 1 | $0 | |
Scott Soares President | 2 | $0 | |
Robert Carter Secretary | 2 | $0 | |
Jerry Mills Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,800 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,801 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,796 |
| Professional fees and other payments to independent contractors | $5,377 |
| Occupancy, rent, utilities, and maintenance | $2,637 |
| Printing, publications, postage, and shipping | $1,268 |
| Other expenses | $22,900 |
| Total expenses | $52,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,202 |
| Other assets | $0 |
| Total assets | $163,402 |
| Total liabilities | $1,895 |
| Net assets or fund balances | $161,507 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Temecula Valley Balloon & Wine Festival Association has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Soboba Band Of Luiseno Indians San Jacinto, CA PURPOSE: ANNUAL TEMECULA VALLEY BALLOON FESTIVAL "2014" | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |
San Joaquin County Junior Show And Auction Council Stockton, CA | $530,126 | $2,131,504 |
Butte County Fair Association Gridley, CA | $1,763,823 | $1,978,896 |
Salinas Valley Fair Inc King City, CA | $6,000,712 | $1,626,028 |
Tulare County Junior Livestock Show And Community Fair Porterville, CA | $2,751,501 | $2,048,801 |