Overview
What is National Balloon Museum Inc?
The National Balloon Museum Inc, located in Indianola, Iowa, is a nonprofit organization that operates primarily through volunteer efforts. Its primary objective is to educate the public about the fascinating world of ballooning. This includes operating a museum dedicated to lighter-than-air and gas balloons, providing an engaging and informative experience for visitors. The museum acknowledges and celebrates the significant contributions made to the sport and growth of hot air and gas ballooning in the United States. Furthermore, the museum honors those individuals who have left a lasting impact on the sport of ballooning.
Official website here: www.nationalballoonmuseum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The National Balloon Museum Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score derived solely from its accountability metrics, the organization demonstrates a commitment to transparency and responsible financial management.
The museum's board is composed entirely of independent members, which enhances its governance structure. Furthermore, it exhibits no material diversion of assets, a low liabilities to assets ratio of 0.00%, and a high program expense ratio of 96.45%, indicating that a significant portion of its resources is directed towards its mission.
While the data underscores the museum's strengths in governance and financial accountability, specific details about its programs and overall impact on the community are not highlighted. Nonetheless, the high scores in accountability suggest a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is National Balloon Museum Inc legitimate?
National Balloon Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Balloon Museum 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.
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Official website here: www.nationalballoonmuseum.com
What is the mission statement of National Balloon Museum Inc?
The National Balloon Museum Inc's mission is centered around honoring the contributions and history of hot air and gas ballooning in the realm of aviation and flight. The museum serves as a platform to recognize the significant achievements of individuals who have made notable contributions to the sport of ballooning, fostering its growth in the United States. Beyond this, the museum also operates with a focus on education, providing information about ballooning to the general public. The institution is staffed by volunteers, ensuring that the passion and knowledge of ballooning enthusiasts are shared with visitors.
Official website here: www.nationalballoonmuseum.com
Who is the CEO of National Balloon Museum Inc?
Eric Martens is the President of National Balloon Museum Inc.
Official website here: www.nationalballoonmuseum.com
What is the revenue of National Balloon Museum Inc?
National Balloon Museum Inc's revenue in 2022 was $56,706.
Official website here: www.nationalballoonmuseum.com
Who are the executives of National Balloon Museum Inc and what are their salaries?
There 40 volunteers at National Balloon Museum Inc.
Here are 10 key members and their salaries:
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Official website here: www.nationalballoonmuseum.com
Where can I find the form 990 for National Balloon Museum Inc?
National Balloon Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalballoonmuseum.com
Learn more at the official website: www.nationalballoonmuseum.com
Mission Statement of National Balloon Museum Inc
The National Balloon Museum Inc operates a facility dedicated to the education and enjoyment of the general public, focusing on the lighter-than-air and gas ballooning realm. Its mission is twofold: firstly, it aims to recognize and celebrate the significant contributions that hot air and gas ballooning have made to the field of aviation and flight. Secondly, the museum honors the individuals who have made notable contributions to the sport of ballooning, helping to foster its growth in the United States. The museum, staffed by volunteers, serves as a hub for imparting knowledge about ballooning to the public, offering an engaging and informative experience for all who visit.
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Impact
August, 2024
The National Balloon Museum Inc's impact lies in providing a dedicated space for preserving the history and celebrating the contributions of hot air and gas ballooning to the field of aviation. Through operating a museum and offering educational programs, the organization educates the general public about the art and science of ballooning while recognizing the achievements of individuals who have played a significant role in advancing this aerial sport. Located in Indianola, IA, the museum serves as a hub for enthusiasts and curious minds alike to explore the rich history and ongoing developments within the world of ballooning.
This information is meant to be a general summary of National Balloon Museum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $20,566
- Program Service Revenue: $3,914
- Gross Receipts: $307,399
Assets and Liabilities:
- Total Assets: $802,202
- Total Liabilities: $0
- Net Assets: $802,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,165
MUSEUM ADMISSION FEES
Revenue
$1,749
Organization Details
Founding Year
1977
Phone
(515) 961-3714Principal Officer
Eric Martens
Main Address
P O BOX 149, INDIANOLA, IA, 50125
NTEE Category
Code: A500 - Arts
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