Nonprofit · EIN 85-0250848
ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC
Tax-exempt · ALBUQUERQUE, NM 87113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,268,678 | $15,527,477 | $1,741,201 | $22,070,620 | $2,644,712 | $19,425,908 |
| December 31, 2023 | 990 | $17,206,380 | $14,851,701 | $2,354,679 | $18,064,476 | $584,926 | $17,479,550 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,140
- Program service revenue
- $14,999,061
- Investment income
- $489,841
- Net gain from sales of assets
- $91,631
- Net income from sales of inventory
- $1,572,216
- Other revenue
- $1,774,636
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $236,926
- Other salaries and wages
- $1,289,648
- Salaries, compensation and benefits (total)
- $1,732,756
- Professional fundraising fees
- $0
- Legal fees
- $130,110
- Accounting fees
- $23,373
- Occupancy
- $344,934
- Travel
- $52,179
- Depreciation
- $425,392
- Program services (functional)
- $12,767,894
- Management and general (functional)
- $2,759,583
Balance sheet and other
- Total assets, start of year
- $18,064,476
- Total assets, end of year
- $22,070,620
- Total liabilities, end of year
- $2,644,712
- Net assets, end of year
- $19,425,908
- Land, buildings and equipment
- $6,999,804
- Publicly traded securities
- $5,080,106
- Net assets without donor restrictions
- $19,425,908
- Gross receipts
- $21,035,325
- Employees
- 38
- Volunteers
- 1,078
- Year formed
- 1976
- State of legal domicile
- NM
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 | Other / benefits |
|---|---|---|---|---|
| PAUL R SMITH | EXECUTIVE DIRECTOR (THRU 8/24) Officer | 60 | $180,003 | $0 |
| LISA M MULDER | MERCHANDISE MANAGER Highest-paid employee | 50 | $125,885 | $5,035 |
| STEPHANIE PRENDERGAST | SPONSORSHIP SALES DIRECTOR Highest-paid employee | 50 | $110,964 | $12,784 |
| SAM PARKS | DIRECTOR OF OPERATIONS Highest-paid employee | 50 | $103,333 | $4,133 |
| JULIE MORGAS-BACA | EXECUTIVE DIRECTOR (AS OF 9/24) Officer | 60 | $56,923 | $0 |
| NEIL JACKSON | PRESIDENT Trustee or director, Officer | 2.2 | $0 | $0 |
| MARK SULLIVAN | VICE PRESIDENT Trustee or director, Officer | 2.2 | $0 | $0 |
| GARY BENNETT | SECRETARY Trustee or director, Officer | 2.2 | $0 | $0 |
| JEFF LAWRENCE | TREASURER Trustee or director, Officer | 2.2 | $0 | $0 |
| JR ALLISON | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| TANIA ARMENTA | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| RAY BAIR | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| PEG BILLSON | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JAY CZAR | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JOHN C DAVIS IV | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA FRICKE | DIRECTOR Trustee or director | 2.2 | $0 |
| JIM GARCIA | DIRECTOR Trustee or director | 2.2 | $0 |
| MATT GUTHRIE | DIRECTOR Trustee or director | 2.2 | $0 |
| STEVEN A KOMADINA MD | DIRECTOR Trustee or director | 2.2 | $0 |
| JERRY LOVATO | DIRECTOR Trustee or director | 2.2 | $0 |
| JJ MANCINI | DIRECTOR Trustee or director | 2.2 | $0 |
| RODNEY MAY | DIRECTOR Trustee or director | 2.2 | $0 |
| TOM MCCONNELL MD | DIRECTOR Trustee or director | 2.2 | $0 |
| RICHARD RICE | DIRECTOR Trustee or director | 2.2 | $0 |
| HARRY SEASON | DIRECTOR Trustee or director | 2.2 | $0 |
| JOHN R SENA | DIRECTOR Trustee or director | 2.2 | $0 |
| AL TETREAULT | DIRECTOR Trustee or director | 2.2 | $0 |
| BILL WALKER | DIRECTOR Trustee or director | 2.2 | $0 |
| TYLER YOUNG | DIRECTOR Trustee or director | 2.2 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA M MULDER | MERCHANDISE MANAGER Key employee | 50 | $282,925 | $28,661 |
| PAUL R SMITH | EXECUTIVE DIRECTOR Officer | 60 | $175,387 | $16,039 |
| SAM PARKS | DIRECTOR OF OPERATIONS (THRU 12/23) Highest-paid employee | 50 | $140,428 | $43,291 |
| STEPHANIE PRENDERGAST | SPONSORSHIP SALES DIRECTOR Highest-paid employee | 50 | $129,997 | $0 |
| JUDITH NAKAMURA | PRESIDENT Trustee or director, Officer | 2.2 | $0 | $0 |
| NEIL JACKSON | VICE PRESIDENT Trustee or director, Officer | 2.2 | $0 | $0 |
| JEFF LAWRENCE | TREASURER Trustee or director, Officer | 2.2 | $0 | $0 |
| MARK SULLIVAN | SECRETARY Trustee or director, Officer | 2.2 | $0 | $0 |
| JR ALLISON | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| TANIA ARMENTA | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| RAY BAIR | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| PEG BILLSON | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| GARY BENNETT | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JAY CZAR | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JOHN C DAVIS IV | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| BARBARA FRICKE | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JIM GARCIA | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| MATT GUTHRIE | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| STEVEN A KOMADINA MD | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| RODNEY MAY | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| TOM MCCONNELL MD | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| RICHARD RICE | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| DOUG SCHWEBACH | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| HARRY SEASON | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| JOHN R SENA | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| AL TETREAULT | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| BILL WALKER | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
| TYLER YOUNG | DIRECTOR Trustee or director | 2.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4401 ALAMEDA BLVD NE, ALBUQUERQUE, NM 87113-1554
- Principal officer (990 for 2024)
- JULIE MORGAS-BACA, 4401 ALAMEDA BLVD NE, ALBUQUERQUE, NM 87113
- Signed the 990
- JEFFREY R LAWRENCE, TREASURER
- Phone
- (505) 821-1000
- Website
- WWW.BALLOONFIESTA.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O
Program accomplishments
- ORGANIZE AND OPERATE THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA HELD FROM OCTOBER 5, 2024 THROUGH OCTOBER 15, 2024. ESTIMATED ATTENDANCE FOR THE EVENT WAS 838,337.Expenses $12,767,894 · revenue $16,773,697
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
- 85-0250848
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N520)
- Assets (IRS master file)
- $22,070,620
- Income (IRS master file)
- $21,035,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,268,678 | $15,527,477 | $22,070,620 | XML |
| 990 | December 2023 | $17,206,380 | $14,851,701 | $18,064,476 | XML |
| 990 | December 2022 | $16,413,534 | $13,616,036 | $16,084,659 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 85-0250848).
Questions about ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC
- What is the EIN of ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC?
- The employer identification number (EIN) of ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC is 85-0250848.
- Is ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBUQUERQUE INTERNATIONAL BALLOON FIESTA 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 ALBUQUERQUE INTERNATIONAL BALLOON FIESTA 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 ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC 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 ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC?
- The 990 for the year ended December 31, 2024 names JULIE MORGAS-BACA.
- Who are the officers and directors of ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 5 received compensation from the organization, the highest $180,003 (PAUL R SMITH, EXECUTIVE DIRECTOR (THRU 8/24)).
- How much revenue does ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,268,678, expenses of $15,527,477 and total assets of $22,070,620 at year end.
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