Nonprofit · EIN 83-2376699
BALLOON MUSEUM INC
Tax-exempt · STATESVILLE, NC 28687
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $95,000 | $75,075 | $19,925 | $22,472 | $1,296 | $21,176 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $95,000
Expenses
- Compensation of officers, directors and key employees
- $66,667
- Salaries, compensation and benefits (total)
- $71,767
- Professional fees and payments to contractors
- $890
- Printing, publications and postage
- $626
- Other expenses
- $1,792
- Program services (functional)
- $74,185
Balance sheet and other
- Total assets, start of year
- $1,251
- Total assets, end of year
- $22,472
- Total liabilities, end of year
- $1,296
- Net assets, end of year
- $21,176
- Cash, savings and investments
- $7,472
- Gross receipts
- $95,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL PARKS | EXECUTIVE DI | 40 | $66,667 |
| DON CLINE | PRESIDENT | 1 | $0 |
| CHARLES WILLARD | SECRETARY | 1 | $0 |
| ROBB COLLIER | TREASURER | 1 | $0 |
| CHARLES PAGE | BOARD MEMBER | 1 | $0 |
| RANDY CARY | BOARD MEMBER | 1 | $0 |
| BILL MEADOWS | BOARD MEMBER | 1 | $0 |
| TOM WILSON | BOARD MEMBER | 1 | $0 |
| MARK MYER | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1677, STATESVILLE, NC 28687-1677
- In care of
- % J DONALD CLINE
- Mailing address (990-N for 2023)
- 743 Old Mocksville rd, Statesville NC 28625
- Principal officer (990-N for 2023)
- Robert A Collier, 195 WILSON PARK RD, Statesville NC 28625
- Signed the 990-EZ
- SAMUEL PARKS, EXECUTIVE DIRECTOR
- Phone
- (505) 503-9091
- Website
- THEBALLOONMUSEUM.ORG
- Return prepared by
- POTTS STEELE & WHITE PA
Mission
THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.
Program accomplishments
- THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.Expenses $74,185
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 83-2376699
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $22,472
- Income (IRS master file)
- $95,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $95,000 | $75,075 | $22,472 | XML |
| 990-N for 2023 Officer: Robert A Collier | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: robb collier | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Don Cline | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: robb collier | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-2376699).
Questions about BALLOON MUSEUM INC
- What is the EIN of BALLOON MUSEUM INC?
- The employer identification number (EIN) of BALLOON MUSEUM INC is 83-2376699.
- Is BALLOON MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BALLOON MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 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 BALLOON MUSEUM INC 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 MUSEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of BALLOON MUSEUM INC?
- The 990-N for 2023 names Robert A Collier.
- Who are the officers and directors of BALLOON MUSEUM INC?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $66,667 (SAMUEL PARKS, EXECUTIVE DI).
- How much revenue does BALLOON MUSEUM INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $95,000, expenses of $75,075 and total assets of $22,472 at year end.
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All nonprofits in STATESVILLE · North Carolina · Arts, culture and humanities