Overview
What is Great Texas Balloon Race Inc?
Great Texas Balloon Race Inc is a nonprofit organization based in Longview, Texas. Their primary mission is to promote and showcase hot air balloons and balloon races, serving as a catalyst for tourism and business growth within Longview and the surrounding East Texas area. This event-centered nonprofit aims to draw visitors to the region, thereby stimulating local economic development.
Official website here: www.gtbr.net
What do the Facebook reviews say about Great Texas Balloon Race Inc?
86% of 510 reviewers on Facebook recommend Great Texas Balloon Race Inc. Here's a glimpse into their experiences:
Many attendees express their enjoyment of the event, highlighting the festive atmosphere filled with ballooning, music, and food options. The event is often described as a fantastic day or night out, appealing to families and friends looking for a good time in the sun.
Overall, participants appreciate the cheerful vibe and entertaining activities offered, showcasing that the organization effectively delivers a memorable experience that resonates well with its audience.
This AI summary has been generated from reviews found on Facebook.
Is Great Texas Balloon Race Inc legitimate?
Great Texas Balloon Race Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Great Texas 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.
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For more financial information, click here
Official website here: www.gtbr.net
What is the mission statement of Great Texas Balloon Race Inc?
The Great Texas Balloon Race Inc works towards promoting and showcasing hot air balloons and balloon races as a means to stimulate tourism and foster business growth in the local area. By organizing these events, the organization aims to attract visitors and encourage economic development, ultimately benefiting the community. The events serve as a unique and captivating attraction, drawing in people from various backgrounds and fostering a sense of excitement and camaraderie. The organization's activities contribute to the local economy and promote Longview and the surrounding East Texas area as a vibrant and appealing destination.
Official website here: www.gtbr.net
What is the revenue of Great Texas Balloon Race Inc?
Great Texas Balloon Race Inc's revenue in 2024 was $565,163.
Official website here: www.gtbr.net
Who are the executives of Great Texas Balloon Race Inc and what are their salaries?
There 400 volunteers at Great Texas Balloon Race Inc.
Here are 19 key members and their salaries:
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Official website here: www.gtbr.net
Where can I find the form 990 for Great Texas Balloon Race Inc?
Great Texas Balloon Race Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gtbr.net
Learn more at the official website: www.gtbr.net
Mission Statement of Great Texas Balloon Race Inc
Great Texas Balloon Race Inc, as an organization, is committed to promoting and showcasing hot air balloons and balloon races. Their mission is to stimulate tourism and foster business growth within Longview and the surrounding East Texas area. By organizing and presenting these captivating events, they aim to attract visitors and generate economic opportunities for the region.
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Impact
October, 2024
Great Texas Balloon Race Inc significantly enhances the local economy and community spirit in Longview and the surrounding East Texas area. By promoting and exhibiting hot air balloons and hosting balloon races, the organization attracts tourists and visitors, leading to increased foot traffic and business for local vendors, restaurants, and hotels. The event serves as a vibrant celebration of recreation and adventure, drawing both avid balloon enthusiasts and families looking for unique experiences.
Additionally, the balloon race fosters community engagement and pride, bringing together residents and visitors in a festive atmosphere. The activities associated with the event create opportunities for local businesses to showcase their offerings, contributing to business development and economic growth in the region. Through its efforts, Great Texas Balloon Race Inc not only provides entertainment but also plays a pivotal role in enhancing the local culture and economy.
This information is meant to be a general summary of Great Texas Balloon Race 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 2024.
- Investment Income: $19,253
- Program Service Revenue: $206,753
- Gross Receipts: $565,163
Assets and Liabilities:
- Total Assets: $468,078
- Total Liabilities: $0
- Net Assets: $468,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BALLOON RACE EVENTS
Revenue
$206,753
Organization Details
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