National Balloon Classic Ltd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510137286 ✦ Indianola, IA ✦ Designated as a 501(c)(3)

Overview

What is National Balloon Classic Ltd?

National Balloon Classic Ltd is a nonprofit organization based in Indianola, Iowa. Their primary mission is to promote hot air ballooning through public education and entertainment, hosting a nine-day championship event that attracts a wide audience. With a small team of two dedicated individuals, they aim to inspire and educate the general public about this unique form of aviation. The organization's headquarters can be found at PO Box 346, Indianola, IA 50125.


Official website here: www.nationalballoonclassic.com

Is National Balloon Classic Ltd legitimate?

National Balloon Classic Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Balloon Classic Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $92,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,250

For more financial information, click here


Official website here: www.nationalballoonclassic.com

What is the mission statement of National Balloon Classic Ltd?

National Balloon Classic Ltd's mission is centered around the promotion of hot air ballooning. They achieve this through public education and entertainment. One of their primary activities is organizing a nine-day sport ballooning championship, aimed at educating and entertaining the general public. This event serves as a platform to showcase the thrill and art of hot air ballooning. The organization's goal is to increase public interest and understanding in this unique aerial activity.


Official website here: www.nationalballoonclassic.com

Who is the CEO of National Balloon Classic Ltd?

Becky Needles is the President & Treasurer of National Balloon Classic Ltd.


Official website here: www.nationalballoonclassic.com

What is the revenue of National Balloon Classic Ltd?

National Balloon Classic Ltd's revenue in 2022 was $652,497.


Official website here: www.nationalballoonclassic.com

Who are the executives of National Balloon Classic Ltd and what are their salaries?

The average compensation at National Balloon Classic Ltd during 2022 was $70,243. There are 2 employees and 300 volunteers at National Balloon Classic Ltd.

Here are 13 key members and their salaries:

    Staci Scheurenbrand (Executive Director)
  • Compensation: $92,236
  • Related: $0
  • Other: $0

    • Becky Needles (President & Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Stockberger (Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Drew Bracken (Legal Counsel) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Fehl (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrin Johnson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Dowson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Fromm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darcy Hoch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Moeller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pritesh Patel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Molly Rogalla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cort Singleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nationalballoonclassic.com

    Where can I find the form 990 for National Balloon Classic Ltd?

    The National Balloon Classic Ltd’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nationalballoonclassic.com

    Learn more at the official website: www.nationalballoonclassic.com

    Mission Statement of National Balloon Classic Ltd

    National Balloon Classic Ltd, as an organization, is dedicated to promoting hot air ballooning. They achieve this mission through public education and entertainment, engaging the general public in this unique and captivating activity. One of their primary initiatives is hosting a nine-day sport ballooning championship, which not only showcases the skill and art of hot air ballooning but also provides an enjoyable experience for spectators. By staging this event, National Balloon Classic Ltd serves to educate and entertain, fostering a broader appreciation for hot air ballooning.

    Impact

    This information is meant to be a general summary of National Balloon Classic Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    National Balloon Classic Ltd's impact on the community can be seen through its promotion of hot air ballooning through public education and entertainment. By staging a nine-day sport ballooning championship in Indianola, Iowa, this organization provides an opportunity for the general public to learn about and enjoy this unique and thrilling activity. Through their mission of promoting hot air ballooning, National Balloon Classic Ltd contributes to the cultural and recreational enrichment of the community, fostering a sense of excitement and wonder among both participants and spectators.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $120
  • Program Service Revenue: $328,564
  • Gross Receipts: $667,355

    • Assets and Liabilities:
  • Total Assets: $826,258
  • Total Liabilities: $0
  • Net Assets: $826,258
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    GATE INCOME

    Revenue

    $213,841

    CONESSIONAIRE FEES

    Revenue

    $30,350

    PILOT REGISTRATION INC

    Revenue

    $21,980

    PILOT HOUSING

    Revenue

    $18,115

    BEER CONCESSIONS

    Revenue

    $16,917

    Organization Details

    Founding Year

    1973

    Principal Officer

    Becky Needles

    Main Address

    PO BOX 346, INDIANOLA, IA, 50125

    If you are a representative of National Balloon Classic Ltd and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.