TY 2020 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) SCOTT ADAMS......................................................................
EXECUTIVE DIRECTOR

5.00
.................

(2) MOSES ARD......................................................................
TREASURER

5.00
.................

(3) HEATHER CARTER......................................................................
SECRETARY

5.00
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

GREAT MISSISSIPPI RIVER BALLOON RACE

Employer identification number

64-0792957

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE ANNUAL FORM 990 IS PRESENTED TO OUR BOARD AND DISCUSSED. THE BOARD IS ABLE TO REVIEW AND ASK QUESTIONS ON THIS RETURN AT OUR MEETING. THE EXECUTIVE CHAIRMAN AND TREASURER ANSWER QUESTIONS ON THE RETURN AND IT IS THEN FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION C, LINE 18	ALL INFORMATION IS AVAILABLE FOR INSPECTION BY ANYONE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	ALL INFORMATION IS AVAILABLE FOR INSPECTION BY ANYONE UPON REQUEST.
FORM 990, PART IX, LINE 24E	SITE EXPENSES: PROGRAM SERVICE EXPENSES 4,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,181. BANNERS: PROGRAM SERVICE EXPENSES 1,894. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,894. SPONSOR EXPENSE: PROGRAM SERVICE EXPENSES 1,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,875. WEBSITE UPKEEP: PROGRAM SERVICE EXPENSES 1,826. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,826. ARTWORK: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. STORAGE UNIT RENTAL: PROGRAM SERVICE EXPENSES 900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 900. STAFF EXPENSE: PROGRAM SERVICE EXPENSES 883. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 883. FESTIVAL ENTERTAINMENT COST: PROGRAM SERVICE EXPENSES 243. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 112. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 112.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: RECREATIONAL BENEFITS FOR THE PUBLIC.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	5
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	5
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	421,505	87,764
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	109	47
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	421,614	87,811
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	16,000	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	369,579	77,015
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	385,579	77,015
19	Revenue less expenses. Subtract line 18 from line 12.......	36,035	10,796
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	352,383	357,438
21	Total liabilities (Part X, line 26).............	8,281	2,540
22	Net assets or fund balances. Subtract line 21 from line 20.....	344,102	354,898

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 77,015 including grants of $ 0 ) (Revenue $ 87,811 )
	THE GREAT MISSISSIPPI RIVER BALLOON RACE WAS HELD IN OCTOBER 2019 IN NATCHEZ, MS. THE FESTIVAL WAS OPEN TO AND FOR THE BENEFIT OF THE GENERAL PUBLIC. THE PUBLIC WAS PROVIDED WITH LEISURE ACTIVITIES WHICH INCLUDED BALLOON RIDES, RACE OBSERVATION, FESTIVAL ENTERTAINMENT, FOOD AND BEVERAGES, BALLOON GLOW AND FIREWORKS AND A DANCE. EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO MEMBERS OF THE GENERAL PUBLIC WHO WISH TO CONVERSE WITH BALLOON PILOTS AND CREWS TO LEARN ABOUT BALLOON FLIGHT PRINCIPLES AND HISTORY. PRIOR TO THE RACE WEEKEND VOLUNTEERS ARE RECRUITED FROM THE GENERAL PUBLIC TO SERVE AS CREW MEMBERS FOR THE BALLOONS THAT COME FOR THE RACE. THESE VOLUNTEERS ARE PROVIDED CREW TRAINING PRIOR TO THE RACE WEEKEND.THE GREAT MISSISSIPPI RIVER BALLOON RACE IS ADVERTISED THROUGHOUT THE SOUTH AND THIS ADVERTISING PROMOTES TOURISM IN MISSISSIPPI AND NATCHEZ. THE RACE HAS RECEIVED NATIONWIDE RECOGNITION IN SOME TRAVEL AND LEISURE PUBLICATIONS AND THIS NATIONAL EXPOSURE HAS BENEFITED THE CITY OF NATCHEZ AND ITS CITIZENS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses77,015

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	PROG.SERV.REVENUE-RELA	713990	87,764	87,764
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		87,764

3 Investment income (including dividends, interest, and othersimilar amounts) ......			47	47
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			87,811	87,811	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	6,882	6,882
13	Office expenses .......	2,606	2,606
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	4,365	4,365
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	LOGO MERCHANDISE COST	22,125	22,125
b	BALLOON RACE AND PRIZE	13,300	13,300
c	PILOT EXPENSES	9,723	9,723
d	FIREWORKS	5,100	5,100
e	All other expenses	12,914	12,914
25	Total functional expenses. Add lines 1 through 24e	77,015	77,015	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		233,108	1	247,616
2	Savings and temporary cash investments .........		97,979	2	98,026
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		9,500	4	0
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........		11,796	15	11,796
16	Total assets. Add lines 1 through 15 (must equal line 33)...		352,383	16	357,438

17	Accounts payable and accrued expenses .....	8,281	17	2,540
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	8,281	26	2,540

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	344,102	31	354,898
32	Total net assets or fund balances ...........	344,102	32	354,898
33	Total liabilities and net assets/fund balances ........	352,383	33	357,438