Great Wellsville Balloon Rally Inc in Wellsville, New York (NY)

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Great Wellsville Balloon Rally Inc
Employer Identification Number (EIN)161316292
Name of OrganizationGreat Wellsville Balloon Rally Inc
In Care of NameMarilyn Wesche
AddressPO BOX 1206, Wellsville, NY 14895-4066
ActivitiesCommunity promotion
SubsectionCharitable Organization
Ruling Date11/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,778
Amount of Income$52,755
Form 990 Revenue Amount$34,039
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Fairs, County and Other


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Amount of income in 2013: $52,755
Great Wellsville Balloon Rally Inc: 

 $52,755
Other organizations performing similar types of work: 

 $315,861

Assets in 2013: $12,778
Great Wellsville Balloon Rally Inc: 

 $12,778
Other organizations performing similar types of work: 

 $452,016

Expenses in 2013: $43,446
This organization: 

 $43,446
Other organizations performing similar types of work: 

 $300,140

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 0.0%
Great Wellsville Balloon Rally Inc: 

 0.0%
Other organizations performing similar types of work: 

 64.4%

Grants share in income in 2013: 72.3%
This organization: 

 72.3%
Other organizations performing similar types of work: 

 6.8%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$38,602$38,274$34,039
Contributions, gifts, grants, and similar amounts received$0$0$24,616
Program service revenue including government fees and contracts$27,900$24,888$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$8,051$7,896$6,352
Gross income from gaming$0$0$13,450
Gross income from fundraising events$15,855$14,272$0
Less: direct expenses from gaming and fundraising events$7,804$6,376$7,098
Gross profit/loss from sales of inventory$2,651$5,490$3,071
Gross sales of inventory, less returns and allowances$21,739$14,118$14,689
Less: cost of goods sold$19,088$8,628$11,618
Other revenue$0$0$0
Total expenses$36,697$29,749$43,446
Total net assets$13,661$22,186$12,778
Excess/Deficit for the year$1,905$8,525$-9,407
Net assets or fund balances at beginning of year$11,756$13,661$22,185
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$22,186$12,778
Balance Sheets
201120122013
Total assets$13,661$22,186$12,778
Total liabilities$0$0$0
Net assets or fund balances$13,661$22,186$12,778
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$286,011
Subtotal$286,011
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$286,011
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$286,011
Public support$286,011
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002003200420052006
Total revenue$-407$-608$-5,674$4,606$1,169
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0
Investment income$295$309$125$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0
Net income or (loss) from special events and activities$-702$-917$-5,799$4,606$1,169
Gross revenue$56,237$67,516$60,013$65,044$64,149
Less: direct expenses other than fundraising expenses$56,939$68,433$65,812$60,438$62,980
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$2,432$2,540$1,810$1,000$1,000
Grants and similar amounts paid$2,100$1,000$1,000$1,000$1,000
Benefits paid to or for members$0$0$0$0$0
Salaries, other compensation, and employee benefits$0$0$0$0$0
Professional fees and other payments to independent contractors$0$0$0$0$0
Occupancy, rent, utilities, and maintenance$0$350$350$0$0
Printing, publications, postage, and shipping$332$1,190$460$0$0
Other expenses$0$0$0$0$0
Net assets or fund balances at end of year$7,493$15,059$7,575$11,181$11,350
Excess or (deficit) for the year$-2,839$-3,148$-7,484$3,606$169
Net assets or fund balances at beginning of year$10,332$18,207$15,059$7,575$11,181
Other changes in net assets or fund balances$0$0$0$0$0
Balance Sheets
20002003200420052006
Total assets$7,493$18,583$7,575$11,181$11,350
Cash, savings, and investments$7,493$18,583$7,575$11,181$11,350
Land and buildings$0$0$0$0$0
Other assets$0$0$0$0$0
Total liabilities$0$3,524$0$0$0
Net assets or fund balances$7,493$15,059$7,575$11,181$11,350
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992002200320042005
Total$61,227$72,550$67,825$60,138$65,044
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$60,905$72,353$67,516$60,013$65,044
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$322$197$309$125$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Erie County Agricultural Society5600 Mckinley Pkwy, Hamburg, NY 14075-3933NY1969-11$14,756,437
2Afton Driving Park And Agricultural Association IncPO BOX 15, Afton, NY 13730-0015NY1951-07$84,186
3Great Wellsville Balloon Rally IncPO BOX 1206, Wellsville, NY 14895-4066NY1993-11$52,755
4San Mateo County Expostion And Fair Association, San Mateo County Event Center2495 S Delaware St, San Mateo, CA 94403-1902CA1948-04$8,952,015
5Utah State Fair Corporation, Utah State Fairpark155 N 1000 W, Salt Lake Cty, UT 84116-3307UT1997-04$4,456,940
6West Oxford Agricultural SocietyPO BOX 78, Fryeburg, ME 04037-0078ME1991-01$3,786,764
7Solano County Fair Association900 Fairgrounds Dr, Vallejo, CA 94589-4003CA1991-06$2,967,270
8Wharton County Youth Fair And ExpositionPO BOX 167, Glen Flora, TX 77443-0167TX1976-06$2,068,302
9Washington County Fair Inc392 Old Schuylerville Rd, Greenwich, NY 12834-4615NY1992-07$1,348,795
10St Joseph County Grange Fair AssocPO BOX 578, Centreville, MI 49032-0578MI1940-07$1,343,147
11The Cincinnati International Wine Festival Inc11159 Kenwood Rd, Cincinnati, OH 45242-1847OH1994-04$1,035,576
12Ulster County Agricultural SocietyPO BOX 71, New Paltz, NY 12561-0071NY1996-04$892,377
13Herkimer County Fair Association IncPO BOX 47, Frankfort, NY 13340-0047NY1995-06$358,941
14Lewis County Agricultural SocietyPO BOX 51, Lowville, NY 13367-0051NY1997-11$338,298
15Village Halloween Parade Inc118 La Bergerie Ln, Red Hook, NY 12571-2913NY1980-04$303,971
16Chenango County Agricultural SocietyPO BOX 622, Norwich, NY 13815-0622NY1967-10$292,916
17Monroe County Fair And Recreation Association Inc2695 E Henrietta Rd, Henrietta, NY 14467-9370NY1955-01$238,866
18Dansville Festival Of Balloons LtdPO BOX 427, Dansville, NY 14437-0427NY2000-11$90,759
19Ontario Beach Park Program Comm IncPO BOX 12759, Rochester, NY 14612-0759NY1990-11$75,578
20A Festival Of Lights Inc, Festival Of Lights345 Third St, Niagara Falls, NY 14303-1145NY1993-11$0
Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas14
Arizona2
California13
Colorado4
Connecticut7
Delaware1
Florida37
Georgia5
Iowa17
Idaho1
Illinois17
Indiana11
Kansas5
Kentucky12
Louisiana6
Massachusetts9
Maryland8
Maine5
Michigan15
Minnesota4
Missouri12
Mississippi2
North Carolina5
North Dakota5
Nebraska6
New Hampshire4
New Jersey4
New Mexico1
Nevada1
New York14
Ohio10
Oklahoma3
Pennsylvania14
South Carolina8
South Dakota1
Tennessee5
Texas31
Utah2
Virginia16
Vermont4
Washington5
Wisconsin20
West Virginia7
Wyoming1
Total382

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