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Great Reno Balloon Race Inc

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

EIN: 880196071 ✦ Reno, NV ✦ Designated as a 501(c)(3)

Overview

What is Great Reno Balloon Race Inc?

Great Reno Balloon Race Inc is a distinguished nonprofit organization based in Reno, Nevada. Established in 1982, its primary objective is to boost tourism in the area by organizing a three-day hot-air balloon event. This event, recognized as the nation's largest free hot-air balloon race, attracts an average of 150,000 people each year during the September period. The mission of this nonprofit is to deliver a family-friendly, captivating, and cost-free experience that showcases the thrill of flight, making it a cherished event for the community. Great Reno Balloon Race Inc strives to ensure the event's safety and success while remaining accessible to the public.


Official website here: www.renoballoon.com

Is Great Reno Balloon Race Inc legitimate?

Great Reno Balloon Race Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Reno Balloon Race 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: $0

For more financial information, click here


Official website here: www.renoballoon.com

What is the mission statement of Great Reno Balloon Race Inc?

The mission of the Great Reno Balloon Race Inc is to organize a three-day annual event aimed at boosting tourism, featuring hot-air balloon racing. The primary objective of this event is to provide an enjoyable, family-friendly, and cost-free spectacle that showcases the thrill of flight. The Great Reno Balloon Race (GRBR) strives to be a premier event, drawing in a substantial crowd of about 150,000 people during the September days of its celebration. The event's goal is to contribute positively to the community, offering a safe, welcoming, and enduring tradition as a gift to the public.


Official website here: www.renoballoon.com

Who is the CEO of Great Reno Balloon Race Inc?

Mike Klaich is the Executive Director of Great Reno Balloon Race Inc.


Official website here: www.renoballoon.com

What is the revenue of Great Reno Balloon Race Inc?

Great Reno Balloon Race Inc's revenue in 2022 was $583,711.


Official website here: www.renoballoon.com

Who are the executives of Great Reno Balloon Race Inc and what are their salaries?

Here are 13 key members and their salaries:

    Pete Copeland (Executive Director)
  • Compensation: $77,400
  • Related: $0
  • Other: $0

    • Chris Dondero (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Pilar M Aldecoaotalora (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Klaich (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ginnie Kersey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Buzzetti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Stromer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Rivara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Gilbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Picone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Taylor (Director (Left Mid Year))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.renoballoon.com

    Where can I find the form 990 for Great Reno Balloon Race Inc?

    The Great Reno Balloon Race Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.renoballoon.com

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

    Mission Statement of Great Reno Balloon Race Inc

    The Great Reno Balloon Race Inc, a distinguished organization, is dedicated to fostering tourism in Reno through an annual three-day balloon race event. Their primary mission is to deliver a top-notch, secure, and alluring spectacle that highlights the thrill of flight, making it an enjoyable experience for families and visitors alike, without charging any admission fees. This event, which has grown to become the largest free hot-air balloon gathering in the nation, attracts an average audience of 150,000 people over the course of three September days. The Great Reno Balloon Race Inc's vision, initiated in 1982, was to offer an enduring gift to the community, ensuring it remains a safe, friendly, and free event for all to enjoy.

    Impact

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




    Wednesday, July 24, 2024

    The Great Reno Balloon Race Inc's impact is significant in promoting tourism in Reno by hosting a three-day balloon race event. The organization, through the Great Reno Balloon Race, has become the nation's largest free hot-air balloon event, attracting an average of 150,000 attendees over three days in September. This event not only celebrates the joy of flight but also contributes to the city's economy by drawing in tourists and fostering a sense of community improvement.





    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: $0
  • Program Service Revenue: $255,017
  • Gross Receipts: $630,690

    • Assets and Liabilities:
  • Total Assets: $164,276
  • Total Liabilities: $5,000
  • Net Assets: $159,276
  • Programs

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

    Balloon Race Revenue

    Revenue

    $255,017

    Organization Details

    Founding Year

    1982

    Principal Officer

    Mike Klaich

    Main Address

    PO Box 12695, Reno, NV, 89510

    NTEE Category

    Code: S80 - Community improvement

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