Overview
What is Albuquerque International Balloon Fiesta Inc?
Albuquerque International Balloon Fiesta Inc is a nonprofit organization based in Albuquerque, New Mexico, dedicated to organizing and executing the annual Albuquerque International Balloon Fiesta. Through this event, they bring together hot air balloon enthusiasts from around the world, displaying their unique and colorful hot air balloons for public enjoyment. The organization ensures a successful and safe experience for attendees, providing entertainment, food vendors, and various activities.
Official website here: www.balloonfiesta.com
Is Albuquerque International Balloon Fiesta Inc legitimate?
Albuquerque International Balloon Fiesta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albuquerque International Balloon Fiesta 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: $236,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,206,847
For more financial information, click here
Official website here: www.balloonfiesta.com
What is the mission statement of Albuquerque International Balloon Fiesta Inc?
The Albuquerque International Balloon Fiesta Inc is dedicated to the annual organization and operation of this renowned event. Their mission focuses on bringing together people from around the world to celebrate the beauty and wonder of hot air balloons. Through this gathering, they foster a sense of community and excitement, showcasing the magical experience of hot air ballooning to audiences. Additionally, they may support related educational or charitable initiatives, contributing to the broader society and enhancing the impact of the event.
Official website here: www.balloonfiesta.com
Who is the CEO of Albuquerque International Balloon Fiesta Inc?
Sam Parks is the Director Of Operations of Albuquerque International Balloon Fiesta Inc.
Official website here: www.balloonfiesta.com
What is the revenue of Albuquerque International Balloon Fiesta Inc?
Albuquerque International Balloon Fiesta Inc's revenue in 2022 was $16,413,534.
Official website here: www.balloonfiesta.com
Who are the executives of Albuquerque International Balloon Fiesta Inc and what are their salaries?
The average compensation at Albuquerque International Balloon Fiesta Inc during 2022 was $41,237. There are 35 employees and 1,144 volunteers at Albuquerque International Balloon Fiesta Inc.
Here are 27 key members and their salaries:
- Paul R Smith (Executive Director)
- Sam Parks (Director Of Operations)
- Stephanie Prendergast (Sponsorship Sales Director)
- Judith Nakamura (President) [Trustee/Director]
- Neil Jackson (Vice President) [Trustee/Director]
- Richard Rice (Treasurer) [Trustee/Director]
- Mark Sullivan (Secretary) [Trustee/Director]
- Jr Allison (Director)
- Tania Armenta (Director)
- Ray Bair (Director)
- Peg Billson (Director)
- Gary Bennett (Director)
- Jay Czar (Director)
- John C Davis Iv (Director)
- Barbara Fricke (Director)
- Jim Garcia (Director)
- Matt Guthrie (Director)
- Steven A Komadina Md (Director)
- Jeff Lawrence (Director)
- Rodney May (Director)
- Tom Mcconnell Md (Director)
- Doug Schwebach (Director)
- Harry Season (Director)
- John R Sena (Director)
- Al Tetreault (Director)
- Bill Walker (Director)
- Tyler Young (Director)
Official website here: www.balloonfiesta.com
Where can I find the form 990 for Albuquerque International Balloon Fiesta Inc?
The Albuquerque International Balloon Fiesta Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.balloonfiesta.com
Learn more at the official website: www.balloonfiesta.com
Mission Statement of Albuquerque International Balloon Fiesta Inc
Albuquerque International Balloon Fiesta Inc, a renowned organization, is dedicated to orchestrating and managing the annual Albuquerque International Balloon Fiesta. This fixture is a captivating event where hot air balloons take flight, drawing in spectators from all corners of the world. The mission of this esteemed nonprofit lies in the successful organization and execution of this enchanting spectacle.
The Albuquerque International Balloon Fiesta Inc's primary objective is to bring together balloon enthusiasts, pilots, and admirers for an unforgettable experience. The organization meticulously plans and arranges this vibrant festival, providing a platform where these extraordinary balloons can grace the sky, painting it with a riot of colors. The event is a celebration of aviation, teamwork, and the sheer joy of flight.
In addition to organizing the annual fiesta, Albuquerque International Balloon Fiesta Inc plays a pivotal role in fostering a sense of community and unity. The event serves as a gathering place for individuals from diverse backgrounds, drawing attention to the magic of hot air balloons and the shared human experience of marveling at their majestic ascent. The organization's dedication and passion for this unique event have made the Albuquerque International Balloon Fiesta a cherished tradition and a testament to human ingenuity and perseverance.
Impact
This information is meant to be a general summary of Albuquerque International Balloon Fiesta Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Albuquerque International Balloon Fiesta Inc is significant in promoting tourism, economic growth, and cultural exchange in Albuquerque, New Mexico. The organization's annual event, the Albuquerque International Balloon Fiesta, attracts thousands of visitors from around the world, boosting the local economy through increased spending on accommodations, dining, and transportation services. Additionally, the Fiesta showcases the beauty of hot air ballooning as a recreational activity and brings together enthusiasts and participants to celebrate this unique form of aviation. The event also fosters community engagement and pride, highlighting the vibrant culture and traditions of Albuquerque. Overall, the Albuquerque International Balloon Fiesta Inc plays a vital role in promoting recreation, tourism, and local heritage in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$10,571,578
SPONSORS
Revenue
$2,731,565
Organization Details
Founding Year
1976
Phone
(505) 821-1000
Principal Officer
Sam Parks
Main Address
4401 ALAMEDA BLVD NE, ALBUQUERQUE, NM, 87113
Website
www.balloonfiesta.com
NTEE Category
Code: N520 - Recreation
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