Ballunar Liftoff Festival in Houston, Texas (TX)
Table of contents:
| Ballunar Liftoff Festival | |
| Employer Identification Number (EIN) | 760468060 |
| Name of Organization | Ballunar Liftoff Festival |
| In Care of Name | Richard Filip |
| Address | 18000 Groschke Road Bldg A-7, Houston, TX 77084-5642 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Community promotion |
| Subsection | Charitable Organization |
| Ruling Date | 09/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $14,091 |
| Amount of Income | $141,401 |
| Form 990 Revenue Amount | $5,146 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2012: $141,401 (it was $-293 in 2013)
| This organization: | $141,401 |
| Other organizations performing similar types of work: | $88,559 |
Assets in 2012: $14,091 (it was $11,428 in 2013)
| This organization: | $14,091 |
| Other organizations performing similar types of work: | $44,967 |
Expenses in 2013: $2,370
| Ballunar Liftoff Festival: | $2,370 |
| Other organizations performing similar types of work: | $68,935 |
Income to expenses ratio in 2013: 59.7
| This organization: | 59.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: -0.0%
| This organization: | -0.0% |
| Other organizations performing similar types of work: | 7.4% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $5,146 | $-293 | |
| Contributions, gifts, grants, and similar amounts received | $87,455 | $0 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $2 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $-82,930 | $-82,311 | $-293 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $53,944 | $0 | |
| Less: direct expenses from gaming and fundraising events | $136,255 | $293 | |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $17,442 | $2,370 | |
| Total net assets | $-18,400 | $-21,072 | |
| Excess/Deficit for the year | $-12,296 | $-2,663 | |
| Net assets or fund balances at beginning of year | $-6,104 | $-18,409 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $-18,409 | $-21,072 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $6,520 | $14,091 | $11,428 |
| Total liabilities | $12,633 | $32,500 | $32,500 |
| Net assets or fund balances | $-18,400 | $-21,072 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $398,925 |
| Subtotal Support | $398,925 |
| Gifts, grants, contributions, and membership fees received | $398,925 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $399,635 |
| Public Support | $398,925 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $710 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Waller County Fair Association | PO BOX 911, Hempstead, TX 77445-0911 | TX | 2007-07 | $1,529,374 |
| 2 | Jim Wells County Fair Assn | PO BOX 3664, Alice, TX 78333-3664 | TX | 2012-10 | $1,212,067 |
| 3 | Texas Book Festival | 610 Brazos St Ste 200, Austin, TX 78701-3287 | TX | 1996-05 | $1,054,382 |
| 4 | Earth Day Texas Inc | 3839 Mckinney Avenue Ste 155-241, Dallas, TX 75204-1413 | TX | 2011-03 | $550,808 |
| 5 | Hjls Inc | 210 N Texana St, Hallettsville, TX 77964-2751 | TX | 2010-12 | $354,798 |
| 6 | Rio Grande Valley Community Foundation | 1200 Ash Ave, Mcallen, TX 78501-4605 | TX | 2002-08 | $316,850 |
| 7 | Texas Sandfest | PO BOX 1076, Port Aransas, TX 78373-1076 | TX | 2009-06 | $283,662 |
| 8 | Oaklawn Tavern Guild | PO BOX 192478, Dallas, TX 75219-8520 | TX | 2006-05 | $213,664 |
| 9 | Cowboy Capital Of The World Pro Rodeo Assoc Of Stephenville Texas | PO BOX 55, Stephenville, TX 76401-0001 | TX | 2015-02 | $194,466 |
| 10 | U I L Region Xv Music Executive Committee | 1608 E 24th St, Mission, TX 78574-7933 | TX | 2000-09 | $180,558 |
| 11 | Midland County Fair Inc | PO BOX 50431, Midland, TX 79710-0431 | TX | 2011-02 | $149,879 |
| 12 | West Chambers County Fair Association Inc | PO BOX 132, Mont Belvieu, TX 77580-0132 | TX | 2014-08 | $147,730 |
| 13 | Towne Lake Community Services Foundation Inc | 7904 N Sam Hou Pkwy W Fl 4, Houston, TX 77064-3460 | TX | 2010-08 | $137,393 |
| 14 | Texas Citrus Fiesta Inc | 220 E 9th St, Mission, TX 78572-4157 | TX | 2012-04 | $126,861 |
| 15 | Santa Rosa Roundup | PO BOX 2190, Vernon, TX 76385-2190 | TX | 2001-08 | $115,367 |
| 16 | Jim Hogg County Fair Association | PO BOX 775, Hebbronville, TX 78361-0775 | TX | 2014-07 | $112,700 |
| 17 | Dimmit County Junior Livestock Show Associates Inc | P O Box 236, Carrizo Springs, TX 78834 | TX | 2003-03 | $107,632 |
| 18 | Cact Inc, Cut Above Cooking Team | 2606 Centenary St, Houston, TX 77005-3938 | TX | 2007-09 | $69,417 |
| 19 | Henderson County Livestock Show Association | PO BOX 1372, Athens, TX 75751-1372 | TX | 2011-09 | $55,105 |
| 20 | Rio Grande Valley Music Festival | 1402 S International Blvd, Weslaco, TX 78596-9203 | TX | 2014-10 | $51,972 |
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