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Nonprofit · EIN 75-2251759

PLANO BALLOON FESTIVAL INC

Tax-exempt · PLANO, TX 75086

Financials

$1.6M$1.4M2023$1.8M$1.5M2024$2.4M$2M2025
Revenue Expenses · by fiscal year end
Financials of PLANO BALLOON FESTIVAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,352,563$2,030,368$322,195$1,780,881$0$1,780,881
December 31, 2024990$1,777,518$1,458,374$319,144$1,458,686$0$1,458,686
December 31, 2023990 (amended)$1,609,694$1,431,896$177,798$1,138,779$0$1,138,779
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$971,575
of which government grants
$41,576
Program service revenue
$1,334,358
Investment income
$46,630
Other revenue
$0

Expenses

Grants and similar amounts paid
$79,905
Compensation of officers, directors and key employees
$84,992
Other salaries and wages
$73,237
Salaries, compensation and benefits (total)
$170,770
Professional fundraising fees
$0
Accounting fees
$15,773
Occupancy
$3,600
Travel
$312
Program services (functional)
$1,818,197
Management and general (functional)
$212,171

Balance sheet and other

Total assets, start of year
$1,458,686
Total assets, end of year
$1,780,881
Total liabilities, end of year
$0
Net assets, end of year
$1,780,881
Gross unrelated business income
$26,480
Gross receipts
$2,352,563
Employees
3
Volunteers
2,000

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.

NameTitleHours / weekCompensation
TERRI BASSCHAIRMAN
Trustee or director, Officer
5$0
KENT CHRISTENSENVICE CHAIRMA
Trustee or director, Officer
5$0
AMY LEONESECRETARY
Trustee or director, Officer
5$0
DAVE SPALLERTREASURER
Trustee or director, Officer
5$0
CATHY FANGDIRECTOR
Trustee or director
5$0
DAVE GIRARDIDIRECTOR
Trustee or director
5$0
RAJ KHANNADIRECTOR
Trustee or director
5$0
JANELLE TWYFORD-SILVISDIRECTOR
Trustee or director
5$0
TODD ROBERTSDIRECTOR
Trustee or director
5$0
KATHERINE ANDERSONDIRECTOR
Trustee or director
5$0
RON SILVISDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
TERRI BASSCHAIRMAN
Trustee or director, Officer
–$0
KENT CHRISTENSENVICE CHAIRMA
Trustee or director, Officer
–$0
AMY LEONESECRETARY
Trustee or director, Officer
–$0
DAVE SPALLERTREASURER
Trustee or director, Officer
–$0
CATHY FANGDIRECTOR
Trustee or director
–$0
DAVE GIRARDIDIRECTOR
Trustee or director
–$0
RAJ KHANNADIRECTOR
Trustee or director
–$0
JANELLE TWYFORD-SILVISDIRECTOR
Trustee or director
–$0
TODD ROBERTSDIRECTOR
Trustee or director
–$0
KATHERINE ANDERSONDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
TERRI BASSCHAIRMAN
Trustee or director, Officer
–$0
KENT CHRISTENSENVICE CHAIRMA
Trustee or director, Officer
–$0
AMY LEONESECRETARY
Trustee or director, Officer
–$0
DAVE SPALLERTREASURER
Trustee or director, Officer
–$0
CATHY FANGDIRECTOR
Trustee or director
–$0
DAVE GIRARDIDIRECTOR
Trustee or director
–$0
RAJ KHANNADIRECTOR
Trustee or director
–$0
MICHELLE MALONEYDIRECTOR
Trustee or director
–$0
JANELLE TWYFORD-SILVISDIRECTOR
Trustee or director
–$0
TODD ROBERTSDIRECTOR
Trustee or director
–$0
KATHERINE ANDERSONDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 867706, PLANO, TX 75086-7706
Principal officer (990 for 2025)
JO VIA, PO BOX 867706, PLANO, TX 75086
Signed the 990
JO VIA, EXECUTIVE DIRECTOR
Phone
(972) 867-7566
Return prepared by
BECKLEY & ASSOCIATES PLLC

Mission

TO PRODUCE A FAMILY ORIENTED, HIGH QUALITY EVENT THAT OFFERS OTHER LOCAL NON-PROFITS AN OPPORTUNITY TO ASSIST IN THE OPERATIONS OF THE FESTIVAL. OUR OBJECTIVE IS TO OFFER THE PARTICIPATING NON-PROFIT AGENCIES AN OPPORTUNITY TO RAISE FUNDS AND AWARENESS FOR THEIR ORGANIZED CHARITABLE ACTIVITY, CONSISTING OF PRIMARILY THE BALLOON FESTIVAL.

990 for the year ended December 31, 2025

Program accomplishments

  • ORGANIZED CHARITABLE ACTIVITY, CONSISTING PRIMARILY OF THE BALLOON FESTIVAL OFFERING PARTICIPATING NONPROFIT AGENCIES AN OPPORTUNITY TO RAISE FUNDS AND AWARENESS TO THEIR PROGRAMS AND SERVICES.
    Expenses $1,818,197 · grants $79,905
  • ORGANIZED CHARITABLE ACTIVITY, CONSISTING PRIMARILY OF THE BALLOON FESTIVAL. TO EDUCATE THE COMMUNITY ABOUT HOT AIR BALLOONS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2251759
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
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,780,881
Income (IRS master file)
$2,352,563

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,352,563$2,030,368$1,780,881XML
990-TDecember 2025–––IRS
990December 2024$1,777,518$1,458,374$1,458,686XML
990-TDecember 2024–––IRS
990December 2023$1,609,694$1,431,896$1,138,779XML
990-TDecember 2023–––IRS
990December 2022$1,332,436$966,090$960,981IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 75-2251759).

Questions about PLANO BALLOON FESTIVAL INC

What is the EIN of PLANO BALLOON FESTIVAL INC?
The employer identification number (EIN) of PLANO BALLOON FESTIVAL INC is 75-2251759.
Is PLANO BALLOON FESTIVAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to PLANO BALLOON FESTIVAL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PLANO BALLOON FESTIVAL 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 PLANO BALLOON FESTIVAL 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 PLANO BALLOON FESTIVAL 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 PLANO BALLOON FESTIVAL INC?
The 990 for the year ended December 31, 2025 names JO VIA.
Who are the officers and directors of PLANO BALLOON FESTIVAL INC?
The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does PLANO BALLOON FESTIVAL INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,352,563, expenses of $2,030,368 and total assets of $1,780,881 at year end.

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