Chester County Balloon Festival is located in Chester Springs, PA. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester County Balloon Festival 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, Chester County Balloon Festival generated $184.8k 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 $159.0k during the year ending 12/2021. While expenses have increased by 8.7% 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
2021
Describe the Organization's Program Activity:
Part 3
TOTAL EXPENSES IN PREPARING AND RUNNING BALLOON FESTIVAL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deb Harding President | 30 | $0 | |
Joe Wolf Tresurer | 1 | $0 | |
Eileen Dioguardo Trustee | 1 | $0 | |
Fredrick Schimpf Vice President | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $184,845 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $184,845 |
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 | $41,491 |
Occupancy, rent, utilities, and maintenance | $30,176 |
Printing, publications, postage, and shipping | $4,618 |
Other expenses | $82,719 |
Total expenses | $159,004 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $26,746 |
Other assets | $0 |
Total assets | $26,746 |
Total liabilities | $0 |
Net assets or fund balances | $26,746 |
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