Form 990 for tax year 2025
Filed by THE CHAMBER PARTNERSHIP FOR A BRIGHTER FUTURE.
Totals
- Total revenue
- $201,838
- Total expenses
- $230,391
- Contributions and grants received
- $110,611
- Grants paid
- $0
- Program service revenue
- $87,040
- Investment income
- $41
- Other revenue
- $4,146
- Total assets, end of year
- $255,925
- Total liabilities, end of year
- $300
- Net assets or fund balances, end of year
- $255,625
- Program services expenses (Part IX)
- $209,391
- Management and general expenses
- $21,000
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $209,391
Program services were 90.9% 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.
-
1a · Federated campaigns
$95,611
-
1e · Government grants (contributions)
$15,000
-
2a · Program service revenue: BALLOON INCOME
total $87,040 · related or exempt $87,040
-
3 · Investment income
total $41 · related or exempt $41
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$18,586
-
10b · Cost of goods sold
$14,440
-
10c · Net income from sales of inventory
total $4,146 · related or exempt $4,146
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $15,800 · program services $7,900 · management and general $7,900
-
11c · Fees: accounting
total $600 · management and general $600
-
11g · Fees: other
total $21,035 · program services $21,035
-
12 · Advertising and promotion
total $10,863 · program services $10,863
-
13 · Office expenses
total $24,831 · program services $24,831
-
14 · Information technology
total $26,557 · program services $14,057 · management and general $12,500
-
16 · Occupancy
total $34,647 · program services $34,647
-
19 · Conferences, conventions and meetings
total $1,155 · program services $1,155
-
23 · Insurance
total $9,416 · program services $9,416
-
24a · Other expenses: PARKING
total $11,524 · program services $11,524
-
24b · Other expenses: ENTERTAINMENT
total $51,233 · program services $51,233
-
24c · Other expenses: FOOD VENDORS
total $1,800 · program services $1,800
-
24d · Other expenses: HOSPITALITY TENT
total $684 · program services $684
-
24e · All other expenses
total $20,246 · program services $20,246
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $284,178 · end of year $255,925
-
17 · Accounts payable and accrued expenses
end of year $300
-
27 · Net assets without donor restrictions
beginning of year $284,178 · end of year $255,625
Mission and programs · 2025
Mission
THE OHIO CHALLENGE IS THE ANNUAL HOT-AIR BALLOON FESTIVAL FROM WHICH PROCEEDS ARE DIRECTED BY THEIR BOARD OF DIRECTORS TOWARDS SCHOLARSHIPS AND OTHER WORTHWHILE CHARITABLE PURPOSES
-
THE OHIO CHALLENGE IS THE ANNUAL HOT-AIR BALLOON FESTIVAL FROM WHICH PROCEEDS ARE DIRECTED BY THEIR BOARD OF DIRECTORS TOWARDS SCHOLARSHIPS AND OTHER WORTHWHILE CHARITABLE PURPOSES
Expenses $209,391
As filed on the 2025 return.
Listed in Part VII
-
David PearceDAVID PEARCE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Dustin HurleyDUSTIN HURLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Rick PearceRICK PEARCE
OFFICER
- Total calculated
- $0
- Hours/week
- 0
-
Larry PowellLARRY POWELL
OFFICER
- Total calculated
- $0
- Hours/week
- 0
-
Larry MulliganLARRY MULLIGAN
OFFICER
- Total calculated
- $0
- Hours/week
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 13 January 2026
- IRS schema version
- 2025v4.0
- Source object
- 202600269349301700
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