Balloon Council
- Assets
- $29.6k
- Revenue
- $337.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 08/1991
- Data as of
- 09/2021
- EIN
- 68-0209873
Organization Overview
Balloon Council is located in Wichita, KS. The organization was established in 1991. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balloon Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Balloon Council generated $337.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $344.4k during the year ending 09/2021. While expenses have increased by 5.1% per year over the past 6 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
THE BALLOON COUNCIL IS AN ORGANIZATION OF RETAILERS, DISTRIBUTORS AND MANUFACTURERS, WAS FORMED IN 1991 TO EDUCATE CONSUMERS AND REGULATORS ON THE WONDERS OF BALLOONS AND THE PROPER HANDLING OF THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE COMMON BUSINESS INTEREST OF THE BALLOON COUNCIL'S MEMBERS AND RETAILERS. MEMBERS INCLUDE BALLOON AND BALLOON MANUFACTURER'S SUPPLIERS, AND DISTRIBUTORS.
INCREASE PUBLIC AWARENESS OF SMART BALLOON PRACTICES, WHICH ENSURES A SAFE AND RESPONSIBLE USE OF BALLOONS AND BALLOON ACCESSORIES, INCLUDING THE NEED TO WEIGHT ALL HELIUM FILLED BALLOONS, NEVER RELEASE BALLONS INTO THE ENVIRONMENT, HOW TO PROPERLY OF BALLOONS WHEN DONE USING AND HOW TO SAFELY USE BALLOONS.
WORK WITH LAWMAKERS TO CRAFT RESPONSIBLE LEGISLATION REGULATING BALLOONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Flynn Chairman | OfficerTrustee | 3 | $0 |
James Plutt Secretary | OfficerTrustee | 3 | $0 |
Edgar Buschbacher Treasurer | OfficerTrustee | 1 | $0 |
Alejandro DE La Garza Board Member | Trustee | 1 | $0 |
Gerardo Alarcon Board Member | Trustee | 1 | $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 | $337,098 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,098 |
| 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 | $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 | $1,400 |
| Fees for services: Lobbying | $84,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,896 |
| Advertising and promotion | $0 |
| Office expenses | $1,442 |
| Information technology | $2,186 |
| 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 | $0 |
| Total functional expenses | $344,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,635 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,000 |
| 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 | $29,635 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $29,635 |
| Total liabilities and net assets/fund balances | $29,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bootstrap Org Inc Broomfield, CO | $38,949,196 | $21,730,821 |
Balloon Council Wichita, KS | $29,635 | $337,098 |
Neb Academy Of Sciences Inc Lincoln, NE | $1,414,442 | $152,120 |
Missouri Construction Industry Advancement Fund Jefferson City, MO | $0 | $0 |
North American Plant Phenotyping Network Saint Louis, MO | $9,415 | $0 |