National Balloon Rally Charities Inc
- Assets
- $302.5k
- Revenue
- $61.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Statesville, NC
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 58-1764979
Organization Overview
National Balloon Rally Charities Inc is located in Statesville, NC. The organization was established in 1988. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. National Balloon Rally Charities 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 12/2021, National Balloon Rally Charities Inc generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $143.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, National Balloon Rally Charities Inc has awarded 22 individual grants totaling $265,640. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLD AN ANNUAL BALLOON RALLY IN OCTOBER WITH PROCEEDS DISTRIBUTED TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD AN ANNUAL BALLOON RALLY IN OCTOBER WITH PROCEEDS DISTRIBUTED TO LOCAL CHARITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Welch Executive Di | Officer | 40 | $49,846 |
Andrew Scott Treasurer | OfficerTrustee | 1 | $0 |
Janet Pekarek Secretary | OfficerTrustee | 1 | $0 |
Bob Thomson Chair | OfficerTrustee | 1 | $0 |
Gary Cook Director | Trustee | 1 | $0 |
Brittany Marlow Hill In-Coming Ch | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,821 |
| Total Program Service Revenue | $37,599 |
| Investment income | $535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,955 |
| 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 | $49,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,725 |
| Fees for services: Accounting | $5,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,325 |
| Office expenses | $2,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272 |
| Insurance | $1,313 |
| All other expenses | $22,183 |
| Total functional expenses | $143,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,928 |
| Savings and temporary cash investments | $251,337 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $302,489 |
| Accounts payable and accrued expenses | $3,777 |
| 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 | $3,777 |
| Net assets without donor restrictions | $298,712 |
| Net assets with donor restrictions | $0 |
| 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 | $302,489 |
Grants Awarded
Over the last fiscal year, National Balloon Rally Charities Inc has awarded $62,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA | | | $20,900 |
Kennesaw, GA | | $12,000 |
MITCHELL COMMUNITY COLLEGE | | | $8,100 |
KIWANIS CLUB OF STATESVILLE | | | $8,000 |
CITY OF STATESVILLE | | | $7,000 |
Statesville, NC | | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Able South Carolina Columbia, SC | $4,363,350 | $4,039,533 |
International Neighbors Charlottesville, VA | $278,884 | $691,411 |
Atl Tr Atlanta, GA | $2,020,241 | $2,596,416 |
Dawn Foundation Inc Ashburn, VA | $20,000 | $345,000 |
Giving Institute Leading Consultants To Non Profits Inc McLean, VA | $372,204 | $360,713 |
Jmjc Foundation Vienna, VA | $4,918,096 | $221,206 |
National Balloon Rally Charities Inc Statesville, NC | $302,489 | $60,955 |
Lake Of The Woods Lions Club Foundation Inc Locust Grove, VA | $290,070 | $0 |
Cin Inc Raleigh, NC | $107,898 | $0 |
The Medarva Foundation Richmond, VA | $234,219 | $160,110 |
Palmetto Military Support Group N Charleston, SC | $15,949 | $45,445 |
First United Methodist Church Of Lagrange Memorial Foundation Inc Lagrange, GA | $2,113,905 | $70,158 |