Great Mississippi River Balloon Race
- Assets
- $443.9k
- Revenue
- $428.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Natchez, MS
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 64-0792957
Organization Overview
Great Mississippi River Balloon Race is located in Natchez, MS. The organization was established in 1991. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Mississippi River Balloon Race 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, Great Mississippi River Balloon Race generated $428.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $354.7k during the year ending 12/2021. While expenses have increased by 1.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECREATIONAL BENEFITS FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREAT MISSISSIPPI RIVER BALLOON RACE WAS HELD IN OCTOBER 2021 IN NATCHEZ, MS. THE FESTIVAL WAS OPEN TO AND FOR THE BENEFIT OF THE GENERAL PUBLIC. THE PUBLIC WAS PROVIDED WITH LEISURE ACTIVITIES WHICH INCLUDED BALLOON RIDES, RACE OBSERVATION, FESTIVAL ENTERTAINMENT, FOOD AND BEVERAGES, BALLOON GLOW AND FIREWORKS AND A DANCE. EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO MEMBERS OF THE GENERAL PUBLIC WHO WISH TO CONVERSE WITH BALLOON PILOTS AND CREWS TO LEARN ABOUT BALLOON FLIGHT PRINCIPLES AND HISTORY. PRIOR TO THE RACE WEEKEND VOLUNTEERS ARE RECRUITED FROM THE GENERAL PUBLIC TO SERVE AS CREW MEMBERS FOR THE BALLOONS THAT COME FOR THE RACE. THESE VOLUNTEERS ARE PROVIDED CREW TRAINING PRIOR TO THE RACE WEEKEND.THE GREAT MISSISSIPPI RIVER BALLOON RACE IS ADVERTISED THROUGHOUT THE SOUTH AND THIS ADVERTISING PROMOTES TOURISM IN MISSISSIPPI AND NATCHEZ. THE RACE HAS RECEIVED NATIONWIDE RECOGNITION IN SOME TRAVEL AND LEISURE PUBLICATIONS AND THIS NATIONAL EXPOSURE HAS BENEFITED THE CITY OF NATCHEZ AND ITS CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Adams Executive Director | OfficerTrustee | 5 | $0 |
Moses Ard Treasurer | OfficerTrustee | 5 | $0 |
Carter Burns Assistant Director | OfficerTrustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $427,975 |
| Investment income | $70 |
| 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 | $428,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,001 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,021 |
| Office expenses | $2,040 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $101,930 |
| Total functional expenses | $354,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,008 |
| Savings and temporary cash investments | $98,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $11,796 |
| Total assets | $443,900 |
| Accounts payable and accrued expenses | $1,573 |
| 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 | $1,573 |
| Net assets without donor restrictions | $0 |
| 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 | $442,327 |
| Total liabilities and net assets/fund balances | $443,900 |
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|---|---|---|
Splc Action Fund Montgomery, AL | $3,515,316 | $5,289,663 |
Central Alabama Fair Housing Center Inc Montgomery, AL | $108,108 | $501,944 |
Mosaic Institute Nashville, TN | $172,687 | $550,541 |
Great Mississippi River Balloon Race Natchez, MS | $443,900 | $428,045 |
Jackson County Casa Inc Pascagoula, MS | $189,278 | $345,307 |
Protect Ar Families Little Rock, AR | $6,209 | $291,277 |
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