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Filing year 2024

MID-SOUTH BALLOON FESTIVAL

Collierville, Tennessee·EIN 86-2006217·NTEE A25 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$12k
Total assets
$117k
Total expenses
$32k
Reported officers
19

Reported officers (all unpaid)

No paid executives reported in 2024. MID-SOUTH BALLOON FESTIVAL reported 19 unpaid officers and board members on its 990-PF.

President
Secretary
Treasurer
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MID-SOUTH BALLOON FESTIVAL equaled 4% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
4%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$17k

Itemized grants

8

Median grant

$900

RecipientLocationPurposeAmount
COLLIERVILLE SCHOOLSCOLLIERVILLE, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$10k
CIVIL AIR PATROLMILLINGTON, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$2k
SHELBY LITERACY CENTERCOLLIERVILLE, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$1k
ST PATRICK'S CHURCHCOLLIERVILLE, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$1k
HOLLY SPRINGS ROTARY CLUBHOLLY SPRINGS, MSTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$800
MILLINGTON ROTARY CLUBMILLINGTON, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$800
BADDOUR CENTERSENATOBIA, MSTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$500
FAITH LUTHERAN CHURCHCOLLIERVILLE, TNTO PROVIDE ASSISTANCE TO THE RECEIVING PARTY.$500
Compare this foundation's grantees

Down 61%
from 2022

From $45k in 2022 to $18k in 2023.

$45k
2022
$18k
2023
In today's dollarsEst.
Down 63% in real terms$51k to $19k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay fell 61% from 2022 to 2023, while revenue rose 2%.

$45k in 2022 to $18k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MID-SOUTH BALLOON FESTIVAL reported revenue and expenses across 3 filing years.

RevenueExpenses
$463k
$363k
2022
$472k
$435k
2023
$12k
$32k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Arts, Culture & Humanities executives earn in Tennessee

MID-SOUTH BALLOON FESTIVAL reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable arts, culture & humanities organization in Tennessee earns a median of $64,980.

25th percentile
$26k
Median
$64,980
75th percentile
$113k
90th percentile
$214k

These are arts, culture & humanities sector-wide figures, not this organization's reported pay. Based on 286 organizations across 286 filings (2021 – 2024).

See full Arts, Culture & Humanities pay data for Tennessee

Similar Organizations

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$357k revenue
Similar sector (A)Same state (Tennessee)
FAQ

Common questions about MID-SOUTH BALLOON FESTIVAL

What are MID-SOUTH BALLOON FESTIVAL's revenue and expenses?

In 2024, MID-SOUTH BALLOON FESTIVAL reported $12k in total revenue and $32k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.