National Balloon Classic Ltd.

“Draft copy of form 990 and attachments are provided to the board for review prior to filing.”

“Board members and staff are required to complete a conflict of intereset disclosure annually.”

“Compensation for the executive director and other key staff members is approved by the board of directors. An evaluation is performed annually of the executive director and the board reviews comparability information from other non-profit organizations periodically to assist in their determination of compensation.”

“All appropriate documents and information returns are made available upon request.”

“Sponsors expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 27,861. Total expenses 27,861. Event fuel: program service expenses 25,351. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,351. Event administration: program service expenses 21,874. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,874. Other pilot expenses: program service expenses 17,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,650. Miscellaneous: program service expenses 0. Management and general expenses 16,428. Fundraising expenses 0. Total expenses 16,428. Sky suites expense: program service expenses 12,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,276. Dues and subscriptions: program service expenses 0. Management and general expenses 4,887. Fundraising expenses 0. Total expenses 4,887. Telephone: program service expenses 0. Management and general expenses 2,025. Fundraising expenses 0. Total expenses 2,025. Board expenses: program service expenses 0. Management and general expenses 1,508. Fundraising expenses 0. Total expenses 1,508. Furnishings & equipment: program service expenses 781. Management and general expenses 0. Fundraising expenses 0. Total expenses 781.”