The Balloon Council FY2020 filing

Wichita, KSUnknown exempt organizationEIN 68-0209873Revenue $310K in FY2020

On file with the IRStheballooncouncil.org5000 East 29th Street North · Wichita, KS

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The Balloon Council is an organization of retailers, distributors and manufacturers, was formed in 1991 to educate consumers and regulators on the wonders of balloons and the proper handling of them.

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $9K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
Spent
$307K
Net assets
$37K
By yearFY2020–FY2023
Revenue
$310K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$310K
FY2021$337K
FY2022$438K
FY2023$144K
Expenses
$307K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$307K
FY2021$344K
FY2022$342K
FY2023$269K
Net assets
$37K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$37K
FY2021$30K
FY2022$125K
FY2023$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Balloon Council executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates consumers and regulators about balloons and their proper handling.

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Provided by the organization

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3 programs · in their own filed words · FY2019
01

Increase public awareness of smart balloon practices which ensures a safe and responsible use of balloon and balloon accessories, including the need to weight all helium filled balloons, never release balloons into the environment, how to properly dispose of balloons when done using and how to safely use balloons.

Pt IX · col B
02

To promote the common business interest of the balloon council's members and retailers. Members include balloon and balloon accessory manufacturers, suppliers and distributors.

Pt IX · col B
03

Work with lawmakers to craft responsible legislation regulating balloons.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$310K
Ln 12
Fees for servicesLn 2g$310K
Money outPt IX
$307K
Ln 25
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$310K
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$34K$37K
Total assetsLn 16$34K$37K
LiabilitiesLn 26$0$0
Net assetsLn 32$34K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
Lobbying feesLn 11d$116K
Other fees for servicesLn 11g$184K
Office expensesLn 13$206
Information technologyLn 14$2K
All other expensesLn 24e$2K
Total functional expensesLn 25$307K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $144K$269K−$125K$0 990 PDF
FY2022 $438K$342K$95K$125K 990 PDF
FY2021 $337K$344K−$7K$30K 990 PDF
FY2020 Viewing $310K$307K$3K$37K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $310,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $327,498$310,338
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $327,498$310,338
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $343,200$307,467
I-18 Total expensesPrior year $343,200$307,467
I-19 Revenue less expensesPrior year −$15,702$2,871
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $310,338 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,338$310,338
VIII-12 Total revenueRelated to mission $310,338 · Unrelated business $0 · Excluded from tax $0$310,338
Part IX · Statement of functional expenses $307,467 across 6 lines filed
IX-11c Accounting fees$3,413
IX-11d Lobbying fees$116,100
IX-11g Other fees for services$183,655
IX-13 Office expenses$206
IX-14 Information technology$2,493
IX-24e All other expenses$1,600
IX-25 Total functional expenses$307,467
Part X · Balance sheet $36,920 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $34,049$36,920
X-16 Total assetsStart of year $34,049$36,920
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $34,049$36,920
X-33 Total liabilities and net assetsStart of year $34,049$36,920
Part XI · Reconciliation of net assets $36,920 net assets at year end
XI-1 Total revenue$310,338
XI-2 Total expenses$307,467
XI-3 Revenue less expenses$2,871
XI-4 Net assets at start of year$34,049
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,920

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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