Civic Intelligence

Balloon Museum Inc.

EIN 83-2376699 • 501(c)3 • Statesville, NC

Pub. 78 Eligible990-N CoverageNTEE A50

Profile

Their goal is to provide a museum where balloonists can preserve their history, a venue to host special events, and an educational facility where the public can learn about the sport of ballooning.

PO Box 1677Statesville, NC 28687

theballoonmuseum.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.06x

Higher debt load relative to assets than 80% of similar nonprofits.

NTEE A50 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.01x

Higher debt load relative to revenue than 77% of similar nonprofits.

NTEE A50 • <$500k nonprofits • Source year 2024

Net Margin

58th percentile

21%

Higher net margin than 58% of similar nonprofits.

NTEE A50 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$66,667

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 70.2% of source-year revenue.

NTEE A50 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

$22,472

No earlier filing loaded for comparison.

Liabilities

$1,296

No earlier filing loaded for comparison.

Net Assets

$21,176

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue77th percentileNet Margin58th percentile

Revenue

$95,000

No earlier filing loaded for comparison.

Expenses

$75,075

No earlier filing loaded for comparison.

Net Income

$19,925

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2024: $22,472Liabilities 2024: $1,296Net Assets 2024: $21,1762024

Highlighted filing

2024

Assets$22,472
Liabilities$1,296
Net Assets$21,176
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2024: $95,000Expenses 2024: $75,075Net Income 2024: $19,9252024

Highlighted filing

2024

Revenue$95,000
Expenses$75,075
Net Income$19,925
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,472
Liabilities
$1,296
Net assets
$21,176
Revenue
$95,000
Expenses
$75,075
Net income
$19,925
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.5$1.30$21.2$95.0$75.1$19.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 22, 2025
Return Version
2024v5.0
Gross Receipts
$95,000
Mission and Program Overview

Mission

Their goal is to provide a museum where balloonists can preserve their history, a venue to host special events, and an educational facility where the public can learn about the sport of ballooning.

Program Services

DescriptionGrantsExpenses
THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.-$74,185
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SAMUEL PARKSExecutive DiFT$66,667-$66,667
DON CLINEPresident-$0--
CHARLES WILLARDSecretary-$0--
ROBB COLLIERTreasurer-$0--
CHARLES PAGEBoard Member-$0--
RANDY CARYBoard Member-$0--
BILL MEADOWSBoard Member-$0--
TOM WILSONBoard Member-$0--
MARK MYERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Balloon Museum Inc
EIN
83-2376699
Phone
5055039091
Address
PO BOX 1677, STATESVILLE, NC 28687

Signing Officer

Name
Samuel Parks
Title
Executive Director
Phone
5055039091
Signed
2025-03-22

Preparer

Firm
Potts Steele & White Pa
Address
PO BOX 1189, STATESVILLE, NC 28687
Preparer
Kara Summers Steele
Phone
7048789541
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 46 office expense 1,457 meeting expense 180 bank charges 12 penalties 25 supplies 72 total 1,792”

Form 990-ez, Part II, Line 24

“Hot air balloon 0 15,000 total 0 15,000”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 1,296”

Form 990-ez, Part III

“Their goal is to provide a museum where balloonists can preserve their history, a venue to host special events, and an educational facility where the public can learn about the sport of ballooning.”

Raw XML Appendix148 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SAMUEL PARKS
IRS990EZ/BooksInCareOfDetail/PhoneNum05055039091
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1677
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STATESVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028687
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01251
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07472
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt095000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt019925
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0890
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01251
IRS990EZ/Form990TotalAssetsGrp/EOYAmt022472
IRS990EZ/GrossReceiptsAmt095000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01251
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021176
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01251
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021176
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt840.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt866667
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DON CLINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHARLES WILLARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBB COLLIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHARLES PAGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RANDY CARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5BILL MEADOWS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6TOM WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MARK MYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8SAMUEL PARKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt015000
IRS990EZ/OtherExpensesTotalAmt01792
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.
IRS990EZ/PrintingPublicationsPostageAmt0626
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt074185
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt071767
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01296
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt075075
IRS990EZ/TotalProgramServiceExpensesAmt074185
IRS990EZ/TotalRevenueAmt095000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THEBALLOONMUSEUM.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt095000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt095000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt095000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt095000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt095000
IRS990ScheduleA/TotalSupportAmt095000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 46 OFFICE EXPENSE 1,457 MEETING EXPENSE 180 BANK CHARGES 12 PENALTIES 25 SUPPLIES 72 TOTAL 1,792
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOT AIR BALLOON 0 15,000 TOTAL 0 15,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,296
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEIR GOAL IS TO PROVIDE A MUSEUM WHERE BALLOONISTS CAN PRESERVE THEIR HISTORY, A VENUE TO HOST SPECIAL EVENTS, AND AN EDUCATIONAL FACILITY WHERE THE PUBLIC CAN LEARN ABOUT THE SPORT OF BALLOONING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SAMUEL PARKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05055039091
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BALLOON MUSEUM INC
ReturnHeader/Filer/BusinessNameControlTxt0BALL
ReturnHeader/Filer/EIN0832376699
ReturnHeader/Filer/PhoneNum05055039091
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1677
ReturnHeader/Filer/USAddress/CityNm0STATESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028687
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561534142
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POTTS STEELE & WHITE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1189
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STATESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028687
ReturnHeader/PreparerPersonGrp/PhoneNum07048789541
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARA SUMMERS STEELE
ReturnHeader/ReturnTs02025-04-02T08:17:23-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.