Overview
What is National Balloon Classic Ltd?
National Balloon Classic Ltd is a nonprofit organization based in Indianola, Iowa. Their primary mission is to promote hot air ballooning through public education and entertainment, hosting a nine-day championship event that attracts a wide audience. With a small team of two dedicated individuals, they aim to inspire and educate the general public about this unique form of aviation. The organization's headquarters can be found at PO Box 346, Indianola, IA 50125.
Official website here: www.nationalballoonclassic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (72%, Two-Star out of Four Star rating)
The National Balloon Classic Ltd has received a two-star rating from Charity Navigator, indicating that while there are several strong aspects of the organization, significant areas require attention. The nonprofit excels in accountability and finance, boasting a perfect score in these areas, which reflects a solid commitment to transparency and ethical governance. The independent board members enhance the organization's credibility, demonstrating a well-structured oversight function.
However, the organization faces limitations in its documentation practices. Notably, it has not posted financial statements or its tax form on its website, which affects its transparency score. Additionally, crucial policies such as a whistleblower policy and document retention and destruction policy are absent, highlighting a gap in its operational protocols that could affect stakeholder trust.
While the program expense ratio is commendable at 69.09%, suggesting that a significant portion of funds is directed towards its programs, the absence of required documents may hinder its overall effectiveness. For potential donors and stakeholders, these factors are important to consider when evaluating the National Balloon Classic Ltd's impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is National Balloon Classic Ltd legitimate?
National Balloon Classic Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Balloon Classic Ltd 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $92,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,250
For more financial information, click here
Official website here: www.nationalballoonclassic.com
What is the mission statement of National Balloon Classic Ltd?
National Balloon Classic Ltd's mission is centered around the promotion of hot air ballooning. They achieve this through public education and entertainment. One of their primary activities is organizing a nine-day sport ballooning championship, aimed at educating and entertaining the general public. This event serves as a platform to showcase the thrill and art of hot air ballooning. The organization's goal is to increase public interest and understanding in this unique aerial activity.
Official website here: www.nationalballoonclassic.com
Who is the CEO of National Balloon Classic Ltd?
Becky Needles is the President & Treasurer of National Balloon Classic Ltd.
Official website here: www.nationalballoonclassic.com
What is the revenue of National Balloon Classic Ltd?
National Balloon Classic Ltd's revenue in 2022 was $652,497.
Official website here: www.nationalballoonclassic.com
Who are the executives of National Balloon Classic Ltd and what are their salaries?
The average compensation at National Balloon Classic Ltd during 2022 was $70,243. There are 2 employees and 300 volunteers at National Balloon Classic Ltd.
Here are 13 key members and their salaries:
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- Compensation: $92,236
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Official website here: www.nationalballoonclassic.com
Where can I find the form 990 for National Balloon Classic Ltd?
National Balloon Classic Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalballoonclassic.com
Learn more at the official website: www.nationalballoonclassic.com
Mission Statement of National Balloon Classic Ltd
National Balloon Classic Ltd, as an organization, is dedicated to promoting hot air ballooning. They achieve this mission through public education and entertainment, engaging the general public in this unique and captivating activity. One of their primary initiatives is hosting a nine-day sport ballooning championship, which not only showcases the skill and art of hot air ballooning but also provides an enjoyable experience for spectators. By staging this event, National Balloon Classic Ltd serves to educate and entertain, fostering a broader appreciation for hot air ballooning.
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Impact
July, 2024
National Balloon Classic Ltd's impact on the community can be seen through its promotion of hot air ballooning through public education and entertainment. By staging a nine-day sport ballooning championship in Indianola, Iowa, this organization provides an opportunity for the general public to learn about and enjoy this unique and thrilling activity. Through their mission of promoting hot air ballooning, National Balloon Classic Ltd contributes to the cultural and recreational enrichment of the community, fostering a sense of excitement and wonder among both participants and spectators.
This information is meant to be a general summary of National Balloon Classic Ltd. 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: $120
- Program Service Revenue: $328,564
- Gross Receipts: $667,355
Assets and Liabilities:
- Total Assets: $826,258
- Total Liabilities: $0
- Net Assets: $826,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GATE INCOME
Revenue
$213,841
CONESSIONAIRE FEES
Revenue
$30,350
PILOT REGISTRATION INC
Revenue
$21,980
PILOT HOUSING
Revenue
$18,115
BEER CONCESSIONS
Revenue
$16,917
Organization Details
Founding Year
1973
Phone
(515) 961-8415Principal Officer
Becky Needles
Main Address
PO BOX 346, INDIANOLA, IA, 50125
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