Adirondack Balloon Festival Foundation Inc in Glens Falls, New York (NY)

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Adirondack Balloon Festival Foundation Inc
Employer Identification Number (EIN)274464642
Name of OrganizationAdirondack Balloon Festival Foundation Inc
AddressPO BOX 883, Glens Falls, NY 12801-0883
SubsectionEducational Organization
Ruling Date06/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$23,151
Amount of Income$602
Form 990 Revenue Amount$602
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations

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Amount of income in 2012: $602 (it was $24,504 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $23,151 (it was $23,645 in 2011)
Adirondack Balloon Festival Foundation Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$24,504
Contributions, gifts, grants, and similar amounts received$24,504
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$859
Total net assets$23,645
Excess for the year$23,645
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$23,645
Total liabilities$0
Net assets or fund balances$23,645
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$24,504
Gifts, grants, contributions, and membership fees received$24,504
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Number of organizations performing similar types of work
District of Columbia17
North Carolina64
North Dakota8
New Hampshire11
New Jersey83
New Mexico16
New York158
Rhode Island19
South Carolina36
South Dakota9
West Virginia20
Total2,843 is not associated with, endorsed by, or sponsored by Adirondack Balloon Festival Foundation Inc and has no official or unofficial affiliation with Adirondack Balloon Festival Foundation Inc