Anderson Abruzzo International Balloon Museum Foundation

Dba Anderson Abruzzo Balloon

Albuquerque, NM
Tax-exempt since Jan. 1985
EIN: 85-0323409

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Museum, Museum Activities (NTEE)

Donations to this organization are tax deductible.

Revenue

$362k (2024)

Expenses

$387k (2024)

Total Assets

$626k (2024)

Total Liabilities

$243k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$361,536

Expenses

$387,256

Net Income

-$25,720

Net Assets

$382,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$333,160	92.2%
Program Services	$0
Investment Income	$7,150	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$30,918
Sales of Assets	$0
Net Inventory Sales	$52,144	14.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,559	21.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$115,540	29.8%

Assets/Debt
Total Assets	$626,026
Total Liabilities	$243,261
Net Assets	$382,765

Compensation

Key Employees and Officers	Compensation	Related	Other
Laurie Magovern (Executive Director)	$78,708	$0	$5,269
Yuriria Morales (Board Member)	$0	$0	$0
Michael Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Peter Cuneo (President)	$0	$0	$0
Gerald Landgraf (Board Member)	$0	$0	$0
Kurt Rager (Board Member)	$0	$0	$0
Shauna Abruzzo (Board Member)	$0	$0	$0
Jeremiah Ritchie (Vice President)	$0	$0	$0
Jeremy Rutherford (Board Member)	$0	$0	$0
Amanda Molina (Board Member)	$0	$0	$0
Janice Mccrary (Board Member)	$0	$0	$0
Jacques W Soukup (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Bobbi Kay Nelson (Treasurer)	$0	$0	$0
Crispin Williams (Board Member)	$0	$0	$0
Missy Anderson (Board Member)	$0	$0	$0
Carol Crawford (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0

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990

Filed on Feb. 11, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$338,969

Expenses

$323,994

Net Income

$14,975

Net Assets

$408,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$246,919	72.8%
Program Services	$0
Investment Income	$508	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$441	0.1%
Sales of Assets	$0
Net Inventory Sales	$90,990	26.8%
Other Revenue	$111	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$175,270	54.1%

Assets/Debt
Total Assets	$635,854
Total Liabilities	$227,369
Net Assets	$408,485

Compensation

Key Employees and Officers	Compensation	Related	Other
Yuriria Morales (Board Member)	$0	$0	$0
Michael Anderson (Board Member)	$0	$0	$0
Missy Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Gerald Landgraf (Board Member)	$0	$0	$0
Kurt Rager (Board Member)	$0	$0	$0
Shauna Abruzzo (Board Member)	$0	$0	$0
Jeremy Rutherford (Board Member)	$0	$0	$0
Amanda Molina (Board Member)	$0	$0	$0
Jeff Berry (Board Member)	$0	$0	$0
Richard Hanna (Board Member)	$0	$0	$0
R Thomas Dawe (Board Member)	$0	$0	$0
Jacques W Soukup (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Carol Crawford (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0
Peter Cuneo (President)	$0	$0	$0
Jeremiah Ritchie (Vice President)	$0	$0	$0
Janice Mccrary (Treasurer)	$0	$0	$0

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990

Filed on Feb. 29, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$392,695

Expenses

$289,756

Net Income

$102,939

Net Assets

$395,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$121,493	30.9%
Program Services	$1,132	0.3%
Investment Income	$266	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$205,854	52.4%
Sales of Assets	$0
Net Inventory Sales	$63,950	16.3%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$119,641	41.3%

Assets/Debt
Total Assets	$498,905
Total Liabilities	$103,714
Net Assets	$395,191

Compensation

Key Employees and Officers	Compensation	Related	Other
Yuriria Morales (Board Member)	$0	$0	$0
Michael Anderson (Board Member)	$0	$0	$0
Patty Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
John Chavez (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Kurt Rager (Board Member)	$0	$0	$0
Shauna Abruzzo (Board Member)	$0	$0	$0
Jeremiah Ritchie (Board Member)	$0	$0	$0
Jeremy Rutherford (Board Member)	$0	$0	$0
Amanda Molina (Board Member)	$0	$0	$0
Bill Lee (Board Member)	$0	$0	$0
Jeff Berry (Board Member)	$0	$0	$0
Richard Hanna (Board Member)	$0	$0	$0
R Thomas Dawe (Board Member)	$0	$0	$0
Jacques W Soukup (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0
Peter Cuneo (Vice President)	$0	$0	$0
Gerald Landgraf (President)	$0	$0	$0
Janice Mccrary (Treasurer)	$0	$0	$0

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990

Filed on May 11, 2023

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Fiscal Year Ending June
2021

Revenue

$96,280

Expenses

$157,046

Net Income

-$60,766

Net Assets

$292,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$100,488	> 100%
Program Services	$357	0.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$600
Sales of Assets	$0
Net Inventory Sales	-$44,928
Other Revenue	$40,963	42.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,351	55.0%

Assets/Debt
Total Assets	$382,759
Total Liabilities	$90,537
Net Assets	$292,222

Compensation

Key Employees and Officers	Compensation	Related	Other
Yuriria Morales (Board Member)	$0	$0	$0
Michael Anderson (Board Member)	$0	$0	$0
Patty Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
John Chavez (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Kurt Rager (Board Member)	$0	$0	$0
Shauna Abruzzo (Board Member)	$0	$0	$0
Jeremiah Ritchie (Board Member)	$0	$0	$0
Jeremy Rutherford (Board Member)	$0	$0	$0
Amanda Molina (Board Member)	$0	$0	$0
Bill Lee (Board Member)	$0	$0	$0
Jeff Berry (Board Member)	$0	$0	$0
Richard Hanna (Board Member)	$0	$0	$0
R Thomas Dawe (Board Member)	$0	$0	$0
Jacques W Soukup (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0
Peter Cuneo (Vice President)	$0	$0	$0
Gerald Landgraf (President)	$0	$0	$0
Janice Mccrary (Treasurer)	$0	$0	$0

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990

Filed on Jan. 27, 2022

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Fiscal Year Ending June
2020

Revenue

$304,145

Expenses

$187,609

Net Income

$116,536

Net Assets

$352,988

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$48,492	15.9%
Program Services	$10,799	3.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$205,680	67.6%
Sales of Assets	$0
Net Inventory Sales	$36,542	12.0%
Other Revenue	$2,632	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$94,222	50.2%

Assets/Debt
Total Assets	$447,320
Total Liabilities	$94,332
Net Assets	$352,988

Compensation

Key Employees and Officers	Compensation	Related	Other
Yuriria Morales (Board Member)	$0	$0	$0
Michael Anderson (Board Member)	$0	$0	$0
Patty Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
John Chavez (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Peter Cuneo (Board Member)	$0	$0	$0
Kurt Rager (Board Member)	$0	$0	$0
Stacy Abruzzo (Board Member)	$0	$0	$0
Jeremiah Ritchie (Board Member)	$0	$0	$0
Jeremy Rutherford (Board Member)	$0	$0	$0
Amanda Molina (Board Member)	$0	$0	$0
Bill Lee (Board Member)	$0	$0	$0
Jeff Berry (Board Member)	$0	$0	$0
Richard Hanna (Board Member)	$0	$0	$0
R Thomas Dawe (Board Member)	$0	$0	$0
Jacques W Soukup (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0
Gerald Landgraf (President)	$0	$0	$0
Janice Mccrary (Treasurer)	$0	$0	$0

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990

Filed on May 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$346,389

Expenses

$299,092

Net Income

$47,297

Net Assets

$236,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$63,042	18.2%
Program Services	$21,867	6.3%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$182,061	52.6%
Sales of Assets	$0
Net Inventory Sales	$79,058	22.8%
Other Revenue	$361	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$382,787
Total Liabilities	$146,335
Net Assets	$236,452

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Anderson (Board Member)	$0	$0	$0
Patty Anderson (Board Member)	$0	$0	$0
Stephanie Anderson Pugash (Board Member)	$0	$0	$0
Jodi Baugh (Board Member)	$0	$0	$0
Troy Bradley (Board Member)	$0	$0	$0
Paul Smith (Board Member)	$0	$0	$0
Scott Appleman (Board Member)	$0	$0	$0
Gerald Landgraf (Board Member)	$0	$0	$0
Alan Zielinski (Board Member)	$0	$0	$0
Stacy Abruzzo (Board Member)	$0	$0	$0
Jim Schumacher (Board Member)	$0	$0	$0
Pat Sanchez (Board Member)	$0	$0	$0
Martin Messner (Board Member)	$0	$0	$0
Jeff Berry (Board Member)	$0	$0	$0
Richard Hanna (Board Member)	$0	$0	$0
R Thomas Dawe (Board Member)	$0	$0	$0
Jacques Soukup (Board Member)	$0	$0	$0
Karen Brown (Secretary)	$0	$0	$0
John Chavez (President)	$0	$0	$0
Amanda Molina (Vice President)	$0	$0	$0
Janice Mccrary (Treasurer)	$0	$0	$0

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990

Filed on May 4, 2020

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Fiscal Year Ending June
2018

Revenue

$375,237

Expenses

$346,286

Net Income

$28,951

Net Assets

$189,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$151,766	40.4%
Program Services	$26,142	7.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$128,558	34.3%
Sales of Assets	$0
Net Inventory Sales	$67,971	18.1%
Other Revenue	$800	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$307,031
Total Liabilities	$117,876
Net Assets	$189,155

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$237,721

Expenses

$224,615

Net Income

$13,106

Net Assets

$160,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,683	28.1%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$28,148	11.8%
Net Fundraising	$110,163	46.3%
Sales of Assets	$0
Net Inventory Sales	$31,907	13.4%
Other Revenue	$820	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$249,561
Total Liabilities	$89,398
Net Assets	$160,163

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2016

Revenue

$346,172

Expenses

$296,672

Net Income

$49,500

Net Assets

$147,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$192,749	55.7%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$30,819	8.9%
Net Fundraising	$95,371	27.6%
Sales of Assets	$0
Net Inventory Sales	$27,233	7.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,493	20.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$233,816
Total Liabilities	$86,759
Net Assets	$147,057

990

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$138,918

Expenses

$137,223

Net Income

$1,695

Net Assets

$108,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$81,428	58.6%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$27,229	19.6%
Net Fundraising	$66,800	48.1%
Sales of Assets	$0
Net Inventory Sales	-$36,539
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$45,963	33.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$190,304
Total Liabilities	$82,286
Net Assets	$108,018

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2014

Revenue

$206,055

Expenses

$193,834

Net Income

$12,221

Net Assets

$106,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$68,071	33.0%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,881	9.6%
Net Fundraising	$100,969	49.0%
Sales of Assets	$0
Net Inventory Sales	$16,631	8.1%
Other Revenue	$503	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,987	27.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$180,474
Total Liabilities	$74,151
Net Assets	$106,323

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2013

Revenue

$381,394

Expenses

$404,403

Net Income

-$23,009

Net Assets

$94,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$325,399	85.3%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$15,357	4.0%
Net Fundraising	$38,134	10.0%
Sales of Assets	$0
Net Inventory Sales	$2,504	0.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$77,290	19.1%

Assets/Debt
Total Assets	$194,193
Total Liabilities	$100,091
Net Assets	$94,102

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2012

Revenue

$231,726

Expenses

$168,957

Net Income

$62,769

Net Assets

$109,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$57,482	24.8%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$25,829	11.1%
Net Fundraising	$61,080	26.4%
Sales of Assets	$0
Net Inventory Sales	$87,335	37.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$91,820	54.3%

Assets/Debt
Total Assets	$182,127
Total Liabilities	$72,249
Net Assets	$109,878

990

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending June
2011

Revenue

$150,042

Expenses

$198,870

Net Income

-$48,828

Net Assets

$47,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$76,948	51.3%
Program Services	$0
Investment Income	$9	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,093	12.1%
Net Fundraising	$45,244	30.2%
Sales of Assets	$0
Net Inventory Sales	$9,748	6.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$104,850	52.7%

Assets/Debt
Total Assets	$128,864
Total Liabilities	$81,755
Net Assets	$47,109

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Anderson Abruzzo International Balloon Museum Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $362k (2024)

Expenses $387k (2024)

Total Assets $626k (2024)

Total Liabilities $243k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending June 2012

Revenue

$362k (2024)

Expenses

$387k (2024)

Total Assets

$626k (2024)

Total Liabilities

$243k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002