Totals
- Total revenue
- $453,211
- Total expenses
- $471,629
- Contributions and grants received
- $288,275
- Grants paid
- $166,600
- Program service revenue
- $161,788
- Investment income
- $635
- Other revenue
- $2,513
- Total assets, end of year
- $519,034
- Total liabilities, end of year
- $186,834
- Net assets or fund balances, end of year
- $332,200
- Program services expenses (Part IX)
- $452,585
- Management and general expenses
- $19,044
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $452,585
Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$288,275
-
2a · Program service revenue: EVENTS
total $70,163 · related or exempt $70,163
-
2b · Program service revenue: ADMISSIONS
total $52,341 · related or exempt $52,341
-
2c · Program service revenue: CONCESSIONS
total $23,297 · related or exempt $23,297
-
2d · Program service revenue: VENDORS
total $15,987 · related or exempt $15,987
-
3 · Investment income
total $635 · related or exempt $635
-
11a · Other revenue: MISCELLANEOUS
total $2,513 · related or exempt $2,513
-
11e · Other revenue, total
$2,513
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $166,600 · program services $166,600
-
11c · Fees: accounting
total $4,000 · management and general $4,000
-
12 · Advertising and promotion
total $22,646 · program services $22,646
-
13 · Office expenses
total $3,609 · management and general $3,609
-
16 · Occupancy
total $39,293 · program services $39,293
-
23 · Insurance
total $11,435 · management and general $11,435
-
24a · Other expenses: HOSPITALITY
total $49,559 · program services $49,559
-
24b · Other expenses: SUPPLIES
total $48,896 · program services $48,896
-
24c · Other expenses: EVENT SUPPLIES
total $43,058 · program services $43,058
-
24d · Other expenses: PILOT EXPENSE
total $34,723 · program services $34,723
-
24e · All other expenses
total $47,810 · program services $47,810
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $496,140 · end of year $519,034
-
17 · Accounts payable and accrued expenses
beginning of year $145,522 · end of year $186,834
-
27 · Net assets without donor restrictions
beginning of year $350,618 · end of year $332,200
Mission and programs · 2022
Mission
TO OPERTE AN ORGANIZATION THAT CONDUCTS A BALLOON FESTIVAL AND OTHER FESTIVALS FOR THE BENEFIT OF VERMILION COUNTY
Activities or mission (Part I)
TO OPERATE FESTIVALS FOR THE BENEFIT OF THE RESIDENTS OF VERMILION COUNTY THAT WILL RAISE FUNDS TO BENEFIT OTHER ORGANIZATIONS THROUGH DISTRIBUTIONS
-
OPERATION OF THE BALLOON FESTIVAL AND THE FESTIVAL OF TREES
Expenses $452,585 · Grants $166,600
As filed on the 2022 return.
Listed in Part VII
-
Doug AhrensDOUG AHRENS
BOARD MEMBER
- Total calculated
- $0
-
Ray GarciaRAY GARCIA
BOARD MEMBER
- Total calculated
- $0
-
Larry OwenLARRY OWEN
BOARD MEMBER
- Total calculated
- $0
-
Jaclyn VinsonJACLYN VINSON
BOARD MEMBER
- Total calculated
- $0
-
Jim AndersonJIM ANDERSON
VICE PRESIDE
- Total calculated
- $0
-
Dean CarltonDEAN CARLTON
SECRETARY
- Total calculated
- $0
-
Pat O'ShaughnessyPAT O'SHAUGHNESSY
PRESIDENT
- Total calculated
- $0
-
Pat OwensPAT OWENS
TREASURER
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
VARIOUS
$166,600
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332779349301918
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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