Battle Creek Hot Air Balloon Championships Inc
- Assets
- $613.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Battle Creek, MI
- Founding
- 02/1987
- Data as of
- 09/2022
- EIN
- 38-2287342
Organization Overview
Battle Creek Hot Air Balloon Championships Inc is located in Battle Creek, MI. The organization was established in 1987. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Battle Creek Hot Air Balloon Championships 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 09/2022, Battle Creek Hot Air Balloon Championships Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $843.4k during the year ending 09/2022. While expenses have increased by 7.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE,PROMOTE, AND HOST THE ANNUAL HOT-AIR BALLOON CHAMPIONSHIPS AND FIELD OF FLIGHT ACTIVITIES THUS STIMULATING THE LOCAL ECONPMY AND PROMOTING CIVIC GOODWILL FOR THE CITY OF BATTLE CREEK, MICHIGAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ARE INCURRED FOR AIRSHOW AND HOT AIR BALLOON CMPETITION. INCOME IS DERIVED FROM VENDORS SALES, PARKING, AND ADMISSION TICKETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara A Haluszka Executive Director | Officer | 40 | $0 |
Mike Beck 2nd Vice President/treasuer | Trustee | 2 | $0 |
John Sims Sr President | Trustee | 2 | $0 |
Ryan Traver 1st Vice President | Trustee | 2 | $0 |
Rick Fleming Secretary | Trustee | 2 | $0 |
Scott Durham Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,670 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,722 |
| Total Program Service Revenue | $989,476 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,110,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,069 |
| Payroll taxes | $6,820 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,551 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73,128 |
| Office expenses | $22,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,311 |
| All other expenses | $32,850 |
| Total functional expenses | $843,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,988 |
| Accounts payable and accrued expenses | $360 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $244,070 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $368,558 |
| Total liabilities and net assets/fund balances | $612,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Battle Creek Hot Air Balloon Championships Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Bronson Battle Creek Hospital Battle Creek, MI PURPOSE: SPONSORSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Arlington Memorial Gardens Assoc Inc Cincinnati, OH | $20,107,883 | $6,307,939 |
Hudson Library & Historical Society Hudson, OH | $7,551,433 | $4,693,628 |
Old Tiger Stadium Conservancy Detroit, MI | $90,494 | $3,111,920 |