National Balloon Rally Charities Inc

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

EIN: 581764979 ✦ Statesville, NC ✦ Designated as a 501(c)(3)

Overview

What is National Balloon Rally Charities Inc?

National Balloon Rally Charities Inc, based in Statesville, North Carolina, is a small-scale nonprofit organization. Their primary activity involves organizing an annual balloon rally in October, with the proceeds generously donated to local charities. This event serves as a significant source of support for various community causes, demonstrating the organization's dedication to giving back to the local community. With a modest team of one employee, National Balloon Rally Charities Inc embodies the spirit of community engagement and philanthropy.


Official website here: www.carolinaballoonfest.com

Is National Balloon Rally Charities Inc legitimate?

National Balloon Rally Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Balloon Rally Charities Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,427

For more financial information, click here


Official website here: www.carolinaballoonfest.com

What is the mission statement of National Balloon Rally Charities Inc?

National Balloon Rally Charities Inc. annually organizes a balloon rally in October, with the proceeds from this event being distributed to various local charities. This mission reflects their commitment to contributing to the betterment of their community by raising funds for deserving causes. The balloon rally serves as a unique event, drawing attention and support from the public, ultimately benefiting numerous local charities. The organization's mission is centered around this annual event, which highlights their dedication to making a positive impact on the community through charitable contributions.


Official website here: www.carolinaballoonfest.com

Who is the CEO of National Balloon Rally Charities Inc?

Bob Thompson is the Chairman of National Balloon Rally Charities Inc.


Official website here: www.carolinaballoonfest.com

What is the revenue of National Balloon Rally Charities Inc?

National Balloon Rally Charities Inc's revenue in 2022 was $806,703.


Official website here: www.carolinaballoonfest.com

Who are the executives of National Balloon Rally Charities Inc and what are their salaries?

The average compensation at National Balloon Rally Charities Inc during 2022 was $39,427. There are 1 employees and 900 volunteers at National Balloon Rally Charities Inc.

Here are 10 key members and their salaries:

    Gary Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brittany Marlow Hill (In-Coming Ch) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mandy Mclaughlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Pekarek (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Scott (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jared Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Thompson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jada Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Edwards (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.carolinaballoonfest.com

    Where can I find the form 990 for National Balloon Rally Charities Inc?

    The National Balloon Rally Charities Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.carolinaballoonfest.com

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

    Mission Statement of National Balloon Rally Charities Inc

    National Balloon Rally Charities Inc, as its name suggests, is an organization that spearheads an annual balloon rally each October. The primary objective of this nonprofit is to raise funds through this event, which are then distributed to various local charities. By holding this annual rally, National Balloon Rally Charities Inc contributes to the support and betterment of numerous community initiatives, demonstrating its commitment to giving back and making a positive impact.

    Impact

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




    Saturday, July 20, 2024

    National Balloon Rally Charities Inc holds an annual balloon rally in October, with the proceeds distributed to local charities in Statesville, NC. This impactful event brings the community together to support various charitable organizations, making a difference in the lives of those in need. Through their philanthropic efforts, National Balloon Rally Charities Inc contributes to the well-being and welfare of the local community by raising funds and awareness for important causes.





    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: $573
  • Program Service Revenue: $749,350
  • Gross Receipts: $806,703

    • Assets and Liabilities:
  • Total Assets: $479,634
  • Total Liabilities: $41,408
  • Net Assets: $438,226
  • Programs

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

    FESTIVAL SALES

    Revenue

    $656,757

    SPONSORSHIP

    Revenue

    $47,750

    BOOTH RENTAL

    Revenue

    $34,743

    RV PARKING

    Revenue

    $6,300

    REGISTRATION

    Revenue

    $2,800

    Organization Details

    Principal Officer

    Bob Thompson

    Main Address

    PO BOX 267, STATESVILLE, NC, 28687

    NTEE Category

    Code: T01 - Philanthropy

    If you are a representative of National Balloon Rally Charities Inc 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.