2023-11-02T15:02:33-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2022-01-01 850250848 ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC ALBU 5058211000 4401 ALAMEDA BLVD NE ALBUQUERQUE NM 87113 JEFFREY R LAWRENCE TREASURER 5058211000 2023-11-01 1 JEFFREY LAWRENCE XXX-XX-XXXX 1 STEPHEN LIVINGSTON P00317845 5058428290 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAM PARKS 4401 ALAMEDA BLVD NE ALBUQUERQUE NM 87113 20442395 0 X WWW.BALLOONFIESTA.COM X 1976 NM ORGANIZE AND OPERATE THE ANNUAL ALBUQUERQUE INTERNATIONAL BALLOON FIESTA. 24 24 35 1144 0 0 307731 606366 11692243 13303143 115202 5876 1131689 2498149 13246865 16413534 0 0 0 0 1444288 1670951 0 0 0 8379671 11945085 9823959 13616036 3422906 2797498 13518280 16084659 1016899 959788 12501381 15124871 X SEE SCHEDULE O 0 0 11538747 0 15801292 ORGANIZE AND OPERATE THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA HELD FROM OCTOBER 7, 2022 THROUGH OCTOBER 15, 2022. ESTIMATED ATTENDANCE FOR THE EVENT WAS 828,800. 11538747 1 1 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 1 363 0 1 35 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 SAM PARKS 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 RICHARD RICE 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 JEFF LAWRENCE 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 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 205762 0 30699 SAM PARKS DIRECTOR OF OPERATIONS 50.00 X 154704 0 17164 STEPHANIE PRENDERGAST SPONSORSHIP SALES DIRECTOR 50.00 X 120113 0 13547 480579 0 61410 3 0 1 0 ALBUQUERQUE PUBLIC SCHOOLS 4000 OSUNA RD NE ALBUQUERQUE NM 87109 BUSES 445951 ELEVATE TICKETS 425 S MILL AVE TEMPE AZ 85281 TICKETING 349590 HERRERA COACHES INC 10605 CENTRAL AVE NW ALBUQUERQUE NM 87121 BUSES 241254 PACIFICA ITALIA INC DBA SCARPA CATERIN 5500 ACADEMY RD NE ALBUQUERQUE NM 87109 CATERING 221171 SPECTRA FOOD SERVICES & HOSPITALITY 1601 AVENIDA CESAR CHAVEZ ALBUQUERQUE NM 87106 CATERING 202166 8 601106 5260 606366 EVENT INCOME 900099 10571578 10571578 SPONSORS 900099 2731565 2731565 13303143 93266 93266 2579278 62550 2729218 0 -149940 62550 -87390 -87390 3589002 1299643 2289359 2289359 MISCELLANEOUS INCOME 900099 153885 153885 HOTEL ROOM COMMISSIONS 900099 54905 54905 208790 16413534 15801292 0 5876 X 236460 118230 118230 1206847 405642 801205 30790 13286 17504 60499 25821 34678 136355 60869 75486 113229 113229 18791 18791 35000 35000 19117 19117 2159390 2159390 178828 178828 2149795 2101731 48064 296386 210768 85618 21926 2689 19237 10781 10781 3200 3200 350819 350819 157001 157001 EVENT EXPENSE 4257764 4257764 EQUIPMENT LEASE AND MAI 1177586 1048894 128692 SPONSORSHIP EXPENSE 809685 809685 MISCELLANEOUS EXPENSES 132263 99369 32894 53524 53524 13616036 11538747 2077289 0 6244354 6347483 18047 1806 138501 207317 3000 8836 10242219 3127763 6844792 7114456 269586 2366276 0 38485 13518280 16084659 218504 308062 502120 613241 296275 38485 1016899 959788 X 12501381 15124871 12501381 15124871 13518280 16084659 2797498 -174008 0 X X 0 1 X 1 0 X 1302 7920 56306 307731 606366 979625 11664554 12364262 597152 13577864 17100935 55304767 11665856 12372182 653458 13885595 17707301 56284392 0 145588 152583 71043 171994 541208 145588 152583 71043 171994 541208 55743184 54737 41700 17874 10100 93266 217677 54737 41700 17874 10100 93266 217677 11720593 12413882 671332 13895695 17800567 56502069 0.98660 0.98670 0.00390 0.00230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 60000 0 0 60000 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 2285026 972694 1312332 3267477 1391580 1875897 1165481 681318 484163 241343 82171 159172 7114456 17520052 -174008 -174008 17694060 19117 -1299643 -1280526 16413534 14896562 1299643 1299643 13596919 19117 19117 13616036 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES NETTED WITH REVENUE ON FORM 990 -1,299,643. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES NETTED WITH REVENUE ON FORM 990 1,299,643. X X X X 0 0 0 1 0 0 0 1 0 PAUL R SMITH EXECUTIVE DIRECTOR 160762 0 45000 0 0 0 8562 0 22137 0 236461 0 0 0 SAM PARKS DIRECTOR OF OPERATIONS 129414 0 25290 0 0 0 6796 0 10368 0 171868 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 FORM 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 2022 FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AS WELL AS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER EVENT EXPENSES: PROGRAM SERVICE EXPENSES 2,112,525. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,112,525. CONSULTING: PROGRAM SERVICE EXPENSES 46,865. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,865. FORM 990, PART IX, LINE 24E TAXES AND LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 53,524. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,524. 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.