Nonprofit · EIN 75-2378187
GREAT TEXAS BALLOON RACE INC
Tax-exempt · LONGVIEW, TX 75606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $551,505 | $566,081 | -$14,576 | $488,045 | $0 | $488,045 |
| August 31, 2024 | 990 | $565,163 | $530,620 | $34,543 | $502,621 | $0 | $502,621 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $341,809
- of which government grants
- $16,000
- Program service revenue
- $188,691
- Investment income
- $21,005
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $48,422
- Depreciation
- $172
- Program services (functional)
- $560,202
- Management and general (functional)
- $5,879
Balance sheet and other
- Total assets, start of year
- $502,621
- Total assets, end of year
- $488,045
- Total liabilities, end of year
- $0
- Net assets, end of year
- $488,045
- Land, buildings and equipment
- $1,369
- Net assets without donor restrictions
- $488,045
- Gross receipts
- $551,505
- Employees
- 0
- Volunteers
- 250
- Year formed
- 1990
- State of legal domicile
- TX
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HARA | Director Trustee or director | 6 | $0 |
| ERIN SALYER | Director Trustee or director | 6 | $0 |
| JENNIFER CORREA | Treasurer Trustee or director, Officer | 6 | $0 |
| ANGIE BAKER | Secretary Trustee or director, Officer | 6 | $0 |
| CHRIS FARR | Director Trustee or director, Officer | 6 | $0 |
| MARK DULWEBER | Director Trustee or director | 6 | $0 |
| STEPHANIE SMITH | Director Trustee or director | 6 | $0 |
| MICHELLE FORD | PAST CHAIR Trustee or director, Officer | 6 | $0 |
| RICK JAMES | Director Trustee or director, Officer | 6 | $0 |
| GAI BENNETT | Chairman Trustee or director, Officer | 6 | $0 |
| TAMMY SKINNER | CHAIR ELECT Trustee or director, Officer | 6 | $0 |
| JEANIE ANDERSON | Director Trustee or director | 6 | $0 |
| NAT MANN | Director Trustee or director | 6 | $0 |
| MANNY ALANIZ | Director Trustee or director | 6 | $0 |
| VERA GRAY | Director Trustee or director | 6 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RICH | Director Trustee or director | 6 | $0 |
| LESLIE PAULL | Director Trustee or director | 6 | $0 |
| SHERRY RAND | Director Trustee or director | 6 | $0 |
| SCOTT BRUNNER | Director Trustee or director | 6 | $0 |
990 for the year ended August 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HARA | Director Trustee or director | 6 | $0 |
| ERIN SALYER | Director Trustee or director | 6 | $0 |
| JENNIFER CORREA | Treasurer Trustee or director, Officer | 6 | $0 |
| ANGIE BAKER | Secretary Trustee or director, Officer | 6 | $0 |
| CHRIS FARR | Director Trustee or director, Officer | 6 | $0 |
| MARK DULWEBER | Director Trustee or director | 6 | $0 |
| STEPHANIE SMITH | Director Trustee or director | 6 | $0 |
| MICHELLE FORD | PAST CHAIR Trustee or director, Officer | 6 | $0 |
| RICK JAMES | Director Trustee or director, Officer | 6 | $0 |
| GAI BENNETT | Chairman Trustee or director, Officer | 6 | $0 |
| TAMMY SKINNER | CHAIR ELECT Trustee or director, Officer | 6 | $0 |
| JEANIE ANDERSON | Director Trustee or director | 6 | $0 |
| NAT MANN | Director Trustee or director | 6 | $0 |
| MANNY ALANIZ | Director Trustee or director | 6 | $0 |
| VERA GRAY | Director Trustee or director | 6 | $0 |
| LESLIE PAULL | Director Trustee or director | 6 | $0 |
| SHERRY RAND | Director Trustee or director | 6 | $0 |
| SCOTT BRUNNER | Director Trustee or director | 6 | $0 |
| JOHN RICH | Director Trustee or director | 6 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3988, LONGVIEW, TX 75606-3988
- Principal officer (990 for 2024)
- GAI BENNETT, PO BOX 3988, LONGVIEW, TX 75606
- Signed the 990
- GAI BENNETT, Chairman
- Phone
- (903) 720-5000
- Website
- WWW.GTBR.NET
- Return prepared by
- Henry & Peters PC
Mission
THE ORGANIZATION PROMOTES AND EXHIBITS HOT AIR BALLOONS AND BALLOON RACES FOR THE PURPOSE OF GENERATING TOURISM AND BUSINESS DEVELOPMENT FOR LONGVIEW AND THE SURROUNDING EAST TEXAS AREA.
Program accomplishments
- THE ORGANIZATION PROMOTES AND EXHIBITS HOT AIR BALLOONS AND BALLOON RACES FOR THE PURPOSE OF GENERATING TOURISM AND BUSINESS DEVELOPMENT FOR LONGVIEW AND THE SURROUNDING EAST TEXAS AREA.Expenses $560,202 · revenue $188,691
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-2378187
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $488,045
- Income (IRS master file)
- $551,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $551,505 | $566,081 | $488,045 | XML |
| 990 | August 2024 | $565,163 | $530,620 | $502,621 | XML |
| 990 | August 2023 | $465,375 | $445,669 | $468,078 | IRS |
| 990 | August 2022 | $475,977 | $432,994 | $448,372 | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 75-2378187).
Questions about GREAT TEXAS BALLOON RACE INC
- What is the EIN of GREAT TEXAS BALLOON RACE INC?
- The employer identification number (EIN) of GREAT TEXAS BALLOON RACE INC is 75-2378187.
- Is GREAT TEXAS BALLOON RACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to GREAT TEXAS BALLOON RACE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREAT TEXAS BALLOON RACE 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 GREAT TEXAS BALLOON RACE INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREAT TEXAS BALLOON RACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of GREAT TEXAS BALLOON RACE INC?
- The 990 for the year ended August 31, 2025 names GAI BENNETT.
- Who are the officers and directors of GREAT TEXAS BALLOON RACE INC?
- The 990 for the year ended August 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does GREAT TEXAS BALLOON RACE INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $551,505, expenses of $566,081 and total assets of $488,045 at year end.
Other nonprofits in LONGVIEW
- NORTHEAST TEXAS ELECTRIC COOP INC EIN 75-1615421 · last filed 990 for 2024
- LETOURNEAU UNIVERSITY EIN 75-1081109 · last filed 990 for 2025
- EAST TEXAS PROFESSIONAL CREDIT UNION EIN 75-0913075 · last filed 990 for 2025
- SPECIAL HEALTH RESOURCES FOR TEXAS INCORPORATED EIN 75-2405203 · last filed 990 for 2024
- LONGVIEW WELLNESS CENTER INC EIN 75-2723993 · last filed 990 for 2024
- EAST TEXAS ADVANCED ACADEMIES EIN 83-0920571 · last filed 990 for 2025
- CHAMPION EMS EIN 75-2747708 · last filed 990 for 2025
- GSHS ADMINISTRATIVE SERVICES ORGANIZATION INC EIN 86-1132471 · last filed 990 for 2025