Balloon Federation Of America
- Assets
- $743.1k
- Revenue
- $298.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianola, IA
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 52-1066767
Organization Overview
Balloon Federation Of America is located in Indianola, IA. The organization was established in 1984. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Balloon Federation Of America 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 12/2021, Balloon Federation Of America generated $298.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $277.6k during the year ending 12/2021. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER BALLOONING SPORTS AND EDUCATION
Describe the Organization's Program Activity:
BIMONTHLY PUBLICATION OF BALLOONING JOURNAL AND DISTRIBUTION TO MEMBERS AND SUBSCRIBERS.
SANCTIONED VARIOUS HOT AIR BALLOON COMPETITIVE EVENTS THROUGHOUT THE COUNTRY.
OTHER MISCELLANEOUS BALLOON MEMBER ACTIVITIES AND SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark West President | OfficerTrustee | 5 | $0 |
Maury Sullivan Treasurer | OfficerTrustee | 5 | $0 |
Tim Cloyd Secretary | OfficerTrustee | 3 | $0 |
Josh Sneed Vice President | OfficerTrustee | 3 | $0 |
Al Reusch Director | Trustee | 2 | $0 |
Tony Saxton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,273 |
| Total Program Service Revenue | $216,546 |
| Investment income | $11,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400 |
| Net Gain/Loss on Asset Sales | $38,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,959 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $9,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,544 |
| All other expenses | $20,642 |
| Total functional expenses | $277,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,945 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $716,099 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,054 |
| Accounts payable and accrued expenses | $2,411 |
| Grants payable | $0 |
| Deferred revenue | $108,919 |
| 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 | $111,330 |
| Net assets without donor restrictions | $489,032 |
| Net assets with donor restrictions | $142,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $743,054 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Balloon Federation Of America has recieved totaling $9,154.
| Awarding Organization | Amount |
|---|---|
Gary & Diane Heavin Community Fund Gatesville, TX PURPOSE: GENERAL OPERATIONS | $9,040 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Soccer Coaches Association Kansas City, MO | $4,636,300 | $5,313,564 |
Grandmas Marathon Duluth Inc Duluth, MN | $4,529,523 | $3,514,525 |
Usa Clay Target League Eagan, MN | $1,267,194 | $3,236,023 |
Wheatland Township Athletic Association Inc Aurora, IL | $4,158,124 | $2,808,374 |
Active Transportation Alliance Chicago, IL | $1,649,149 | $2,942,303 |
Maine-Niles Association Of Special Recreation Morton Grove, IL | $1,450,552 | $1,810,056 |
Greater Libertyville Soccer Association Inc Libertville, IL | $3,518,795 | $1,495,963 |
Chicago City Soccer Club Chicago, IL | $685,341 | $1,785,211 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Girls On The Run Chicago Inc Chicago, IL | $859,018 | $1,315,368 |
Red Wing Municipal Golf Corporation Red Wing, MN | $103,417 | $1,088,707 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |