2024-10-31T12:18:00-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2023-01-01 850250848 ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC ALBU 5058211000 4401 ALAMEDA BLVD NE ALBUQUERQUE NM 87113 JEFFREY R LAWRENCE TREASURER 5058211000 2024-10-30 1 1 STEPHEN LIVINGSTON P00317845 5058428290 2024-10-30 2023 2024-10-15 13:58:12Z PAUL R SMITH 4401 ALAMEDA BLVD NE ALBUQUERQUE NM 87113 18665231 0 X WWW.BALLOONFIESTA.COM X 1976 NM ORGANIZE AND OPERATE THE ANNUAL ALBUQUERQUE INTERNATIONAL BALLOON FIESTA. 24 24 37 1138 0 0 606366 7027 13303143 14787666 5876 561526 2498149 1850161 16413534 17206380 0 0 0 0 1670951 1887126 0 0 0 11945085 12964575 13616036 14851701 2797498 2354679 16084659 18064476 959788 584926 15124871 17479550 X SEE SCHEDULE O 0 0 12744451 0 16637827 ORGANIZE AND OPERATE THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA HELD FROM OCTOBER 7, 2023 THROUGH OCTOBER 15, 2023. ESTIMATED ATTENDANCE FOR THE EVENT WAS 968,416. 12744451 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 367 0 1 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 1 0 NM X X PAUL R SMITH 5058211000 4401 ALAMEDA BLVD NE ALBUQUERQUE NM 87113 JUDITH NAKAMURA PRESIDENT 2.20 X X 0 0 0 NEIL JACKSON VICE PRESIDENT 2.20 X X 0 0 0 JEFF LAWRENCE TREASURER 2.20 X X 0 0 0 MARK SULLIVAN SECRETARY 2.20 X X 0 0 0 JR ALLISON DIRECTOR 2.20 X 0 0 0 TANIA ARMENTA DIRECTOR 2.20 X 0 0 0 RAY BAIR DIRECTOR 2.20 X 0 0 0 PEG BILLSON DIRECTOR 2.20 X 0 0 0 GARY BENNETT DIRECTOR 2.20 X 0 0 0 JAY CZAR DIRECTOR 2.20 X 0 0 0 JOHN C DAVIS IV DIRECTOR 2.20 X 0 0 0 BARBARA FRICKE DIRECTOR 2.20 X 0 0 0 JIM GARCIA DIRECTOR 2.20 X 0 0 0 MATT GUTHRIE DIRECTOR 2.20 X 0 0 0 STEVEN A KOMADINA MD DIRECTOR 2.20 X 0 0 0 RODNEY MAY DIRECTOR 2.20 X 0 0 0 TOM MCCONNELL MD DIRECTOR 2.20 X 0 0 0 RICHARD RICE DIRECTOR 2.20 X 0 0 0 DOUG SCHWEBACH DIRECTOR 2.20 X 0 0 0 HARRY SEASON DIRECTOR 2.20 X 0 0 0 JOHN R SENA DIRECTOR 2.20 X 0 0 0 AL TETREAULT DIRECTOR 2.20 X 0 0 0 BILL WALKER DIRECTOR 2.20 X 0 0 0 TYLER YOUNG DIRECTOR 2.20 X 0 0 0 PAUL R SMITH EXECUTIVE DIRECTOR 60.00 X 175387 0 16039 LISA M MULDER MERCHANDISE MANAGER 50.00 X 282925 0 28661 SAM PARKS DIRECTOR OF OPERATIONS (THRU 12/23) 50.00 X 140428 0 43291 STEPHANIE PRENDERGAST SPONSORSHIP SALES DIRECTOR 50.00 X 129997 0 0 728737 0 87991 4 0 1 0 PACIFICA ITALIA INC DBA SCARPA CATERIN 5500 ACADEMY RD NE ALBUQUERQUE NM 87109 CATERING 506050 ALBUQUERQUE PUBLIC SCHOOLS 4000 OSUNA RD NE ALBUQUERQUE NM 87109 BUSES 468600 CORNERSTONE PARKING GROUP INC 6474 CITY WEST PARKWAY EDEN PRAIRIE MN 55344 PARKING SERVICES 316279 OVATIONS FOOD SERVICES LP DBA OVG HOS 150 ROUSE BLVD PHILADELPHIA PA 19112 CATERING 293520 HERRERA COACHES INC 10605 CENTRAL AVE NW ALBUQUERQUE NM 87121 BUSES 201935 7 7027 7027 EVENT INCOME 900099 12018878 12018878 SPONSORS 900099 2768788 2768788 14787666 123667 123667 639598 20000 221739 0 417859 20000 437859 437859 2891711 1237112 1654599 1654599 MISCELLANEOUS INCOME 900099 168932 168932 HOTEL ROOM COMMISSIONS 900099 26630 26630 195562 17206380 16637827 0 561526 X 156468 78234 78234 1475219 683653 791566 42218 22427 19791 61646 32707 28939 151575 79835 71740 110085 110085 26778 26778 28144 28144 2640594 2640594 174516 174516 1794666 1760945 33721 339416 251958 87458 41529 18298 23231 4525 4525 2051 2051 402984 402984 229510 7468 222042 EVENT EXPENSE 4608622 4608622 EQUIPMENT LEASE AND MAI 1295933 1186023 109910 SPONSORSHIP EXPENSE 1077628 1077628 MISCELLANEOUS EXPENSES 124272 117018 7254 63322 63322 14851701 12744451 2107250 0 6347483 8204258 1806 74650 207317 188430 8836 49432 10506830 3510257 7114456 6996573 2366276 2533137 38485 17996 16084659 18064476 308062 180030 613241 386900 38485 17996 959788 584926 X 15124871 17479550 15124871 17479550 16084659 18064476 2354679 0 X X 0 1 X 1 0 X 7920 56306 307731 606366 7027 985350 12364262 597152 13577864 17100935 17874939 61515152 12372182 653458 13885595 17707301 17881966 62500502 0 152583 71043 171994 265488 661108 152583 71043 171994 265488 661108 61839394 41700 17874 10100 93266 123667 286607 41700 17874 10100 93266 123667 286607 12413882 671332 13895695 17800567 18005633 62787109 0.98490 0.98660 0.00460 0.00390 X 0 0 0 0 0 0 0 0 0 0 1 21052 0 0 21052 0 PART II-B, LINE 1: THE SUCCESS OF THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA IS DEPENDENT UPON THE STRONG SUPPORT FROM STATE, TRIBAL AND LOCAL GOVERNMENTAL AGENCIES. THE LOBBYING COSTS INCURRED RELATE TO THE COSTS OF A LOBBYIST TO MONITOR LEGISLATION AND TO PROMOTE THE AIBF ALONG WITH THE COSTS OF A LEGISLATIVE DINNER TO PRESENT THE POSTIVE FINANCIAL AND TOURIST BENEFITS PROVIDED BY THE EVENT. 3282892 3282892 2461213 1059508 1401705 3267477 1575221 1692256 1278505 767533 510972 216743 107995 108748 6996573 18415348 0 18415348 28144 -1237112 -1208968 17206380 16060669 1237112 1237112 14823557 28144 28144 14851701 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES NETTED WITH REVENUE ON FORM 990 -1,237,112. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES NETTED WITH REVENUE ON FORM 990 1,237,112. X X X X 0 0 0 1 0 0 0 1 0 LISA M MULDER MERCHANDISE MANAGER 120000 0 3000 0 159925 0 11317 0 17344 0 311586 0 0 0 PAUL R SMITH EXECUTIVE DIRECTOR 145387 0 30000 0 0 0 7143 0 8896 0 191426 0 0 0 SAM PARKS DIRECTOR OF OPERATIONS (THRU 12/23) 140428 0 0 0 0 0 6347 0 36944 0 183719 0 0 0 PART I, LINE 5 COMMISSIONS PAID ON MERCHANDISE AND SPONSORSHIP SALES PART I, LINE 7 THE BOARD OF DIRECTORS APPROVES A DISCRETIONARY BONUS PLAN FOR VARIOUS EMPLOYEES EACH YEAR. PART III, LINE 1 EXPLANATION: ORGANIZE AND OPERATE ANNUAL HOT AIR BALLOON FIESTA KNOWN AS THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA, TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS, TO PROMOTE THE CITY OF ALBUQUERQUE NATIONALLY AND INTERNATIONALLY, AND TO AFFORD THE COMMUNITY RECREATIONAL AND ENTERTAINMENT OPPORTUNITIES. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, EXECUTIVE DIRECTOR AND CONTROLLER WILL EACH REVIEW THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE BOARD REGULARLY DISCUSSES POTENTIAL CONFLICTS OF INTERESTS DURING THEIR BOARD MEETINGS AND PLANS ARE UNDERWAY TO DEVELOP AND ADOPT A MORE FORMAL CONFLICT OF INTEREST POLICY THAT WILL HAVE PROCEDURES FOR MORE STRUCTURED MONITORING AND ENFORCEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION CHANGES FOR EXECUTIVE DIRECTOR AND KEY EMPLOYEES ARE REVIEWED BY BOARD OF DIRECTORS AND THE RESULTING DECISION IS DOCUMENTED IN THE CORPORATE MINUTES. THE BOARD COMPARES THE EXECUTIVE DIRECTOR'S SALARY TO CURRENT COMPENSATION SURVEYS FOR REASONABLENESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AS WELL AS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER EVENT EXPENSES: PROGRAM SERVICE EXPENSES 2,600,351. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,600,351. CONSULTING: PROGRAM SERVICE EXPENSES 40,243. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,243. FORM 990, PART IX, LINE 24E TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 63,322. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,322. PART XII, LINE 2C EXPLANATION: THE ORGANIZATION'S FINANCE COMMITTEE HAS PRIMARY RESPONSIBILITY FOR THE SELECTION OF THE AUDIT FIRM AND THE OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.