Nonprofit · EIN 42-1112484
NATIONAL BALLOON MUSEUM INC
Tax-exempt · INDIANOLA, IA 50125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $154,735 | $290,819 | -$136,084 | $1,367,396 | $1,297 | $1,366,099 |
| December 31, 2024 | 990 | $2,244,055 | $1,570,703 | $673,352 | $1,502,183 | $0 | $1,502,183 |
| December 31, 2023 | 990 | $83,679 | $57,050 | $26,629 | $828,831 | $0 | $828,831 |
| December 31, 2022 | 990 | $56,706 | $58,450 | -$1,744 | $802,202 | $0 | $802,202 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $22,729
- Program service revenue
- $0
- Investment income
- $77,757
- Net rental income
- -$1,499
- Other revenue
- $54,249
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $580
- Occupancy
- $15,898
- Travel
- $1,221
- Depreciation
- $9,244
- Program services (functional)
- $111,046
- Management and general (functional)
- $179,773
Balance sheet and other
- Total assets, start of year
- $1,502,183
- Total assets, end of year
- $1,367,396
- Total liabilities, end of year
- $1,297
- Net assets, end of year
- $1,366,099
- Land, buildings and equipment
- $291,280
- Publicly traded securities
- $604,716
- Net assets without donor restrictions
- $1,366,099
- Gross receipts
- $157,334
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1977
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MARTENS | President Trustee or director, Officer | 10 | $0 |
| DENNIS ANDERSON | Vice President Trustee or director, Officer | 10 | $0 |
| CHRISTINE BERTSCH | Director Trustee or director | 2 | $0 |
| DANIEL BERTSCH | Director Trustee or director | 1 | $0 |
| BRET CHRISTIAN | Director Trustee or director | 1 | $0 |
| JOE SEYMOUR | Director Trustee or director | 1 | $0 |
| DEB SPAETH | Director Trustee or director | 3 | $0 |
| JOSLYN SPERRY | Director Trustee or director | 2 | $0 |
| KEN WALTER | Director Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MARTENS | President Trustee or director, Officer | 6 | $0 |
| DENNIS ANDERSON | Vice President Trustee or director, Officer | 6 | $0 |
| BRIAN BENNETT | Director Trustee or director | 1 | $0 |
| CHRISTINE BERTSCH | Director Trustee or director | 2 | $0 |
| DANIEL BERTSCH | Director Trustee or director | 1 | $0 |
| HOLLY DOMMER | Director Trustee or director | 2 | $0 |
| JANNA HEATER | Director Trustee or director | 1 | $0 |
| KENDRA MINKS | Director Trustee or director | 2 | $0 |
| KEN WALTER | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MARTENS | President Trustee or director, Officer | 6 | $0 |
| DENNIS ANDERSON | Vice President Trustee or director, Officer | 2 | $0 |
| BRIAN BENNETT | Director Trustee or director | 2 | $0 |
| CHRISTINE BERTSCH | Director Trustee or director | 2 | $0 |
| DANIEL BERTSCH | Director Trustee or director | 2 | $0 |
| HOLLY DOMMER | Director Trustee or director | 2 | $0 |
| JANNA HEATER | Director Trustee or director | 2 | $0 |
| KENDRA MINKS | Director Trustee or director | 2 | $0 |
| KEN WALTER | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2022: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MARTENS | President Trustee or director, Officer | 6 | $0 |
| DENNIS ANDERSON | Vice President Trustee or director, Officer | 2 | $0 |
| ERIC MARTENS | Director Trustee or director, Officer | 2 | $0 |
| JANNA HEATER | Director Trustee or director | 2 | $0 |
| DAN BERTSCH | Director Trustee or director | 2 | $0 |
| BRIAN BENNETT | Director Trustee or director | 2 | $0 |
| KEN WALTER | Director Trustee or director | 2 | $0 |
| HOLLEY DOMMER | Director Trustee or director | 2 | $0 |
| CHRISTINE BERTSCH | Director Trustee or director | 2 | $0 |
| KENDRA MINKS | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 149, INDIANOLA, IA 50125-0149
- In care of
- % ERIC MARTENS
- Principal officer (990 for 2025)
- Eric Martens, PO Box 149, Indianola, IA 50125
- Signed the 990
- ERIC MARTENS, President
- Phone
- (515) 961-3714
- Return prepared by
- Pink Ribbon Consulting
Mission
Provide a museum to recognize the contributions and history hot air and gas ballooning have made to aviation and to recognize those men and women who have made significant contributions to the sport.
Program accomplishments
- Operate a museum staffed by volunteers, provide education to the general public about ballooning, and recognize the aerostats who have made significant contributions to the sport and growth of hot air and gas ballooning in the United States.Expenses $111,046 · revenue $98,987
- Operate a museum gift shop, staffed by volunteers, who sell ballooning memorabilia, donated balloon items, and encourage membership among visitors and the general public.
- In March 2024, the museum experienced an electrical fire that destroyed some artifacts, caused smoke damage to the remaining artifacts, and required a total demolition and rebuild of the buildings interior. The museum was finally able to reopen in August 2026.Expenses $179,773 · revenue $55,748
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1112484
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $1,367,396
- Income (IRS master file)
- $157,334
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $154,735 | $290,819 | $1,367,396 | XML |
| 990 | December 2024 | $2,244,055 | $1,570,703 | $1,502,183 | XML |
| 990 | December 2023 | $83,679 | $57,050 | $828,831 | XML |
| 990 | December 2022 | $56,706 | $58,450 | $802,202 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1112484).
Questions about NATIONAL BALLOON MUSEUM INC
- What is the EIN of NATIONAL BALLOON MUSEUM INC?
- The employer identification number (EIN) of NATIONAL BALLOON MUSEUM INC is 42-1112484.
- Is NATIONAL BALLOON MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to NATIONAL BALLOON MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL BALLOON MUSEUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL BALLOON MUSEUM INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL BALLOON MUSEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NATIONAL BALLOON MUSEUM INC?
- The 990 for the year ended December 31, 2025 names Eric Martens.
- Who are the officers and directors of NATIONAL BALLOON MUSEUM INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NATIONAL BALLOON MUSEUM INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $154,735, expenses of $290,819 and total assets of $1,367,396 at year end.
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