Nonprofit · EIN 93-3938487
CARSON VALLEY BALLOON FESTIVAL
Also known as DBA HOT AIR FOR HOPE
Tax-exempt · GARDNERVILLE, NV 89410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $106,333 | $91,638 | $14,695 | $40,111 | $0 | $40,111 |
| June 30, 2024 | 990-EZ | $96,568 | $71,152 | $25,416 | $25,416 | – | $25,416 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $91,178
- Program service revenue
- $10,288
- Investment income
- $0
- Net income from sales of inventory
- $4,325
- Other revenue
- $4,867
Expenses
- Grants and similar amounts paid
- $21,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $900
- Occupancy
- $176
- Travel
- $3,000
- Program services (functional)
- $91,638
Balance sheet and other
- Total assets, start of year
- $25,416
- Total assets, end of year
- $40,111
- Total liabilities, end of year
- $0
- Net assets, end of year
- $40,111
- Net assets without donor restrictions
- $40,111
- Gross receipts
- $112,286
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2023
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN ANDERSON | TRUSTEE Trustee or director | 5 | $0 |
| AMANDA JOHNSON | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| LORELEI LAMB | SECRETARY Trustee or director, Officer | 5 | $0 |
| GREG NELSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TRACY NELSON | TREASURER Trustee or director, Officer | 5 | $0 |
| JASON SMITH | TRUSTEE Trustee or director | 5 | $0 |
990-EZ for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG NELSON | PRESIDENT | 5 | $0 |
| AMANDA JOHNSON | VICE PRESIDE | 5 | $0 |
| TRACY NELSON | TREASURER | 5 | $0 |
| LORELEI LAMB | SECRETARY | 5 | $0 |
| ALLEN ANDERSON | TRUSTEE | 5 | $0 |
| JASON SMITH | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8, GARDNERVILLE, NV 89410-0008
- Principal officer (990 for 2024)
- GREG NELSON, PO BOX 8, GARDNERVILLE, NV 89410
- Signed the 990
- GREG NELSON, PRESIDENT
- Phone
- (925) 550-8247
- Website
- WWW.HOTAIRFORHOPE.COM
- Return prepared by
- HOULDSWORTH RUSSO & COMPANY PC
Mission
TO ORGANIZE AND OPERATE THE ANNUAL CARSON VALLEY BALLOON FESTIVAL. THE FESTIVAL PROMOTES DOUGLAS COUNTY, NEVADA BY AFFORDING THE COMMUNITY WITH RECREATIONAL ENTERTAINMENT OPPORTUNTIES AND MAKING CONTRIBUTIONS TO WORTHY CHARITIES DETERMINED BY THE BOARD OF DIRECTORS.
Program accomplishments
- THE PRIMARY PROGRAM SERVICE ACCOMPLISHMENT OF THE CARSON VALLEY BALLOON FESTIVAL IS TO PROVIDE AN ANNUAL 3-DAY HOT AIR BALLOON FESTIVAL, HELD ON MAY 17, 18, & 19, 2025 AT LAMPE PARKE IN GARDNERVILLE, NV. THIS FESTIVAL PROVIDES FAMILY ENTERTAINMENT, EDUCATIONAL OPPORTUNITIES, AND ECONOMIC BENEFIT TO THE LOCAL COMMUNITY THROUGH INCREASED TOURIST VISITATION. IN 2025 PROCEEDS FROM THE EVENT FACILITATED A CHARITABLE DONATION OF 20,000, MADE TO THE CENTER FOR HOME AND HEALING HTTPS://DOUGLASCENTERFORHOPEANDHEALING.ORG, WHICH PROVIDES FREE GRIEF COUNSELING. THE PROCEEDS ALSO PROVIDED 10 FREE SCHOOL ASSEMBLIES, INCLUDING 1 FOR HOME-SCHOOLED CHILDREN, TO EDUCATE CHILDREN ABOUT THE SCIENCE OF HOT AIR BALLOONS. THE ORGANIZATION ALSO CREATED TWO FLOATS TO PARTICIPATE IN A COMMUNITY WIDE HOLIDAY PARADE ON DEC 7, 2024.Expenses $91,638 · grants $21,500 · revenue $10,288
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-3938487
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $40,111
- Income (IRS master file)
- $112,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $106,333 | $91,638 | $40,111 | XML |
| 990-EZ | June 2024 | $96,568 | $71,152 | $25,416 | XML |
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 93-3938487).
Questions about CARSON VALLEY BALLOON FESTIVAL
- What is the EIN of CARSON VALLEY BALLOON FESTIVAL?
- The employer identification number (EIN) of CARSON VALLEY BALLOON FESTIVAL is 93-3938487.
- Is CARSON VALLEY BALLOON FESTIVAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CARSON VALLEY BALLOON FESTIVAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARSON VALLEY BALLOON FESTIVAL 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 CARSON VALLEY BALLOON FESTIVAL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARSON VALLEY BALLOON FESTIVAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CARSON VALLEY BALLOON FESTIVAL?
- The 990 for the year ended June 30, 2025 names GREG NELSON.
- Who are the officers and directors of CARSON VALLEY BALLOON FESTIVAL?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CARSON VALLEY BALLOON FESTIVAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $106,333, expenses of $91,638 and total assets of $40,111 at year end.
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