Sonoma County Hot Air Balloon Classic Inc
- Assets
- $65.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 68-0439510
Organization Overview
Sonoma County Hot Air Balloon Classic Inc is located in Santa Rosa, CA. The organization was established in 2002. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sonoma County Hot Air Balloon Classic 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 12/2023, Sonoma County Hot Air Balloon Classic Inc generated $107.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $218.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Ritchie President | 5 | $0 | |
Cynthia Fones Treasurer | 5 | $0 | |
Alyssa Long Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,887 |
| Total Program Service Revenue | $105,659 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,546 |
| 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 | $2,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $732 |
| Other expenses | $215,227 |
| Total expenses | $218,734 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,065 |
| Other assets | $0 |
| Total assets | $65,179 |
| Total liabilities | $1,022 |
| Net assets or fund balances | $64,157 |