Nonprofit · EIN 52-1066767
BALLOON FEDERATION OF AMERICA
Tax-exempt · INDIANOLA, IA 50125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $594,934 | $252,714 | $342,220 | $1,078,787 | $101,716 | $977,071 |
| December 31, 2023 | 990 | $368,524 | $240,575 | $127,949 | $677,589 | $91,013 | $586,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $433,068
- Membership dues
- $61,365
- Program service revenue
- $124,255
- Investment income
- $26,899
- Net rental income
- $758
- Net gain from sales of assets
- $133
- Net income from sales of inventory
- $3,298
- Other revenue
- $10,712
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $50,000
- Salaries, compensation and benefits (total)
- $53,825
- Professional fundraising fees
- $0
- Accounting fees
- $576
- Occupancy
- $2,576
- Travel
- $14,209
- Program services (functional)
- $205,834
- Management and general (functional)
- $46,880
Balance sheet and other
- Total assets, start of year
- $677,589
- Total assets, end of year
- $1,078,787
- Total liabilities, end of year
- $101,716
- Net assets, end of year
- $977,071
- Publicly traded securities
- $1,016,030
- Net assets without donor restrictions
- $820,704
- Net assets with donor restrictions
- $156,367
- Gross unrelated business income
- $28,830
- Gross receipts
- $599,389
- Employees
- 1
- Volunteers
- 200
- Year formed
- 1967
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK CANNON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MARK WEST | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON JONES | SECRETARY Trustee or director, Officer | 3 | $0 |
| SCOTT MCCLINTON | TREASURER Trustee or director, Officer | 8 | $0 |
| KERRY SPEICHER | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE BYBERG | DIRECTOR Trustee or director | 2 | $0 |
| LARRY SIMBURGER | DIRECTOR Trustee or director | 2 | $0 |
| DAVE SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| TROY BRADLEY | DIRECTOR Trustee or director | 2 | $0 |
| ELISA TALBERT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK CANNON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MARK WEST | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON JONES | SECRETARY Trustee or director, Officer | 3 | $0 |
| SCOTT MCCLINTON | TREASURER Trustee or director, Officer | 8 | $0 |
| PENNY SUTTLE | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE BYBERG | DIRECTOR Trustee or director | 2 | $0 |
| LARRY SIMBURGER | DIRECTOR Trustee or director | 2 | $0 |
| DAVE SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| TROY BRADLEY | DIRECTOR Trustee or director | 2 | $0 |
| RON BEHRMANN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 N JEFFERSON WAY SUITE B, INDIANOLA, IA 50125-1484
- Principal officer (990 for 2024)
- FREDERICK POOLE, PO BOX 400, INDIANOLA, IA 50125
- Signed the 990
- FREDERICK POOLE, TREASURER
- Phone
- (515) 961-8809
- Website
- WWW.BFA.NET
- Return prepared by
- DENMAN CPA LLP
Mission
TO FOSTER BALLOONING SPORTS AND EDUCATION.
Program accomplishments
- BIMONTHLY PUBLICATION OF BALLOONING JOURNAL AND DISTRIBUTION TO MEMBERS AND SUBSCRIBERS.Expenses $120,399 · revenue $27,153
- OTHER MISCELLANEOUS BALLOON MEMBER ACTIVITIES AND SERVICES.Expenses $52,016 · revenue $4,056
- SANCTIONED VARIOUS HOT AIR BALLOON COMPETITIVE EVENTS THROUGHOUT THE COUNTRY.Expenses $33,419 · revenue $21,708
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 | Not 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
- 52-1066767
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,078,787
- Income (IRS master file)
- $599,389
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $594,934 | $252,714 | $1,078,787 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $368,524 | $240,575 | $677,589 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $247,156 | $286,625 | $570,585 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-1066767).
Questions about BALLOON FEDERATION OF AMERICA
- What is the EIN of BALLOON FEDERATION OF AMERICA?
- The employer identification number (EIN) of BALLOON FEDERATION OF AMERICA is 52-1066767.
- Is BALLOON FEDERATION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to BALLOON FEDERATION OF AMERICA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BALLOON FEDERATION OF AMERICA 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 BALLOON FEDERATION OF AMERICA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BALLOON FEDERATION OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BALLOON FEDERATION OF AMERICA?
- The 990 for the year ended December 31, 2024 names FREDERICK POOLE.
- Who are the officers and directors of BALLOON FEDERATION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does BALLOON FEDERATION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $594,934, expenses of $252,714 and total assets of $1,078,787 at year end.
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