Nonprofit · EIN 88-0196071
GREAT RENO BALLOON RACE INC
Tax-exempt · RENO, NV 89510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990 | $601,746 | $603,726 | -$1,980 | $214,045 | $5,000 | $209,045 |
| November 30, 2024 | 990 | $598,038 | $604,357 | -$6,319 | $216,025 | $5,000 | $211,025 |
| November 30, 2023 | 990 | $596,553 | $538,485 | $58,068 | $222,344 | $5,000 | $217,344 |
Financial details: 990 for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $238,664
- of which government grants
- $11,018
- Program service revenue
- $299,121
- Investment income
- $9,319
- Net income from fundraising events
- $4,719
- Net income from sales of inventory
- $49,923
- Other revenue
- $54,642
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $73,351
- Salaries, compensation and benefits (total)
- $73,351
- Professional fundraising fees
- $0
- Travel
- $10,991
- Program services (functional)
- $462,261
- Management and general (functional)
- $101,525
- Fundraising (functional)
- $39,940
Balance sheet and other
- Total assets, start of year
- $216,025
- Total assets, end of year
- $214,045
- Total liabilities, end of year
- $5,000
- Net assets, end of year
- $209,045
- Gross receipts
- $662,325
- Employees
- 0
- Volunteers
- 150
- Year formed
- 1982
- State of legal domicile
- NV
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 November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pete Copeland | Executive Director Officer | 35 | $87,800 |
| Shila Morris | President Trustee or director, Officer | 1 | $0 |
| Chris Dondero | Past President Trustee or director, Officer | 1 | $0 |
| Michael Buis | Vice President Trustee or director, Officer | 1 | $0 |
| Pilar M Aldecoaotalora | Secretary Trustee or director, Officer | 1 | $0 |
| Mike Klaich | Treasurer Trustee or director, Officer | 1 | $0 |
| Ginnie Kersey | Director Trustee or director | 1 | $0 |
| Ed Buzzetti | Director Trustee or director | 1 | $0 |
| Ron Smith | Director Trustee or director | 1 | $0 |
| Peggy Stromer | Director Trustee or director | 1 | $0 |
| Nancy Gilbert | Director Trustee or director | 1 | $0 |
| Kay Young | Director Trustee or director | 1 | $0 |
| Elliot Malin | Director Trustee or director | 1 | $0 |
| Frank Picone | Director (thru Oct 25) Trustee or director | 1 | $0 |
| Tony Riviara | Director (thru Jan 25) Trustee or director | 1 | $0 |
990 for the year ended November 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pete Copeland | Executive Director Officer | 35 | $67,200 |
| Chris Dondero | President Trustee or director, Officer | 1 | $0 |
| Michael Buis | Vice President Trustee or director, Officer | 1 | $0 |
| Pilar M Aldecoaotalora | Secretary Trustee or director, Officer | 1 | $0 |
| Mike Klaich | Treasurer Trustee or director, Officer | 1 | $0 |
| Ginnie Kersey | Director Trustee or director | 1 | $0 |
| Ed Buzzetti | Director Trustee or director | 1 | $0 |
| Ron Smith | Director Trustee or director | 1 | $0 |
| Peggy Stromer | Director Trustee or director | 1 | $0 |
| Nancy Gilbert | Director Trustee or director | 1 | $0 |
| Frank Picone | Director Trustee or director | 1 | $0 |
| Tony Riviara | Director Trustee or director | 1 | $0 |
| Kay Young | Director Trustee or director | 1 | $0 |
| Shila Morris | Director Trustee or director | 1 | $0 |
990 for the year ended November 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pete Copeland | Executive Director Officer | 35 | $67,200 |
| Chris Dondero | President Trustee or director, Officer | 1 | $0 |
| Michael Buis | Vice President Trustee or director, Officer | 1 | $0 |
| Pilar M Aldecoaotalora | Secretary Trustee or director, Officer | 1 | $0 |
| Mike Klaich | Treasurer Trustee or director, Officer | 1 | $0 |
| Ginnie Kersey | Director Trustee or director | 1 | $0 |
| Ed Buzzetti | Director Trustee or director | 1 | $0 |
| Ron Smith | Director Trustee or director | 1 | $0 |
| Peggy Stromer | Director Trustee or director | 1 | $0 |
| Nancy Gilbert | Director Trustee or director | 1 | $0 |
| Frank Picone | Director Trustee or director | 1 | $0 |
| Tony Riviara | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12695, RENO, NV 89510-2695
- In care of
- % MICHAEL J KLAICH
- Principal officer (990 for 2024)
- Mike Klaich, PO Box 12695, Reno, NV 89510
- Signed the 990
- Mike Klaich, Treasurer
- Phone
- (775) 826-1181
- Website
- www.renoballoon.com
- Return prepared by
- Eide Bailly LLP
Mission
The mission of the Great Reno Balloon Race is to provide a premier, safe, family-oriented/tourist-attractive, visually dramatic event that celebrates the joy of flight while remaining free to the public.
Program accomplishments
- The Great Reno Balloon Race (GRBR) began in 1982 as a way to keep visitors in Reno on the weekend between the State Fair and the Air Races. The vision was to create something that would endure as a gift to the community - safe, friendly and free. GRBR is now the nation's largest free hot-air balloon event with an average of 150,000 people attending the race over the period of three September days.Expenses $462,261 · revenue $349,044
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 November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990 on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0196071
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $214,045
- Income (IRS master file)
- $662,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2025 | $601,746 | $603,726 | $214,045 | XML |
| 990 | November 2024 | $598,038 | $604,357 | $216,025 | XML |
| 990 | November 2023 | $596,553 | $538,485 | $222,344 | XML |
| 990 | November 2022 | $583,711 | $505,671 | $164,276 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2019 | – | – | – | IRS |
| 990 | November 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 88-0196071).
Questions about GREAT RENO BALLOON RACE INC
- What is the EIN of GREAT RENO BALLOON RACE INC?
- The employer identification number (EIN) of GREAT RENO BALLOON RACE INC is 88-0196071.
- Is GREAT RENO BALLOON RACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to GREAT RENO BALLOON RACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREAT RENO 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 RENO BALLOON RACE INC due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREAT RENO BALLOON RACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2025.
- Who is the principal officer of GREAT RENO BALLOON RACE INC?
- The 990 for the year ended November 30, 2025 names Mike Klaich.
- Who are the officers and directors of GREAT RENO BALLOON RACE INC?
- The 990 for the year ended November 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $87,800 (Pete Copeland, Executive Director).
- How much revenue does GREAT RENO BALLOON RACE INC have?
- On its 990 for the year ended November 30, 2025 it reported revenue of $601,746, expenses of $603,726 and total assets of $214,045 at year end.
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All nonprofits in RENO · Nevada · Community improvement and capacity building