Mid-south Balloon Festival
Mid-south Balloon Festival is a private foundation focused on Arts, Culture & Humanities, based in COLLIERVILLE, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $117K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$117K
-14.6% YoY
Annual Giving
$17K
-89.9% YoY
Grant Count
8
-72.4% YoY
Avg Grant Size
$2K
-63.5% YoY
Under IRS private-foundation payout rules, Mid-south Balloon Festival reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Mid-south Balloon Festival
Based on IRS filings
Mid-south Balloon Festival is a private foundation focused on Arts, Culture & Humanities, based in COLLIERVILLE, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $117K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $117,192 | $137,150 | $99,946 |
| Revenue | $12,150 | $471,729 | $462,905 |
| Expenses | $32,108 | $434,525 | $362,959 |
| Qualifying Distributions | $16,600 | $164,638 | $106,000 |
| Net Investment Income | $5,100 | $411 | — |
| Distributable Amount | $5,010 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Collierville Schools ($10,000), Civil Air Patrol ($2,000), Shelby Literacy Center ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BADDOUR CENTER SENATOBIA, MS | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $500 |
| CIVIL AIR PATROL MILLINGTON, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $2,000 |
| COLLIERVILLE SCHOOLS COLLIERVILLE, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $10,000 |
| FAITH LUTHERAN CHURCH COLLIERVILLE, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $500 |
| HOLLY SPRINGS ROTARY CLUB HOLLY SPRINGS, MS | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $800 |
| SHELBY LITERACY CENTER COLLIERVILLE, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $1,000 |
| MILLINGTON ROTARY CLUB MILLINGTON, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $800 |
| ST PATRICK'S CHURCH COLLIERVILLE, TN | TO PROVIDE ASSISTANCE TO THE RECEIVING PARTY. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHAD LINDSAY | PRESIDENT | 1 | — |
| DANIELLE STEVENS | BOARD MEMBER | 1 | — |
| LEE ANNE DOBSON | SECRETARY | 1 | — |
| ALEXIS HEINZ | BOARD MEMBER | 1 | — |
| AMANDA WHITEHORN | BOARD MEMBER | 1 | — |
| CHUCK LESNICK | BOARD MEMBER | 1 | — |
| DEAN WINGO | BOARD MEMBER | 1 | — |
| JIMMY VAN DE VUURST | BOARD MEMBER | 1 | — |
| JOE ENNIS | BOARD MEMBER | 1 | — |
| JORDAN HUGHES | BOARD MEMBER | 1 | — |
| JOSEPH HUNTER | BOARD MEMBER | 1 | — |
| JUDY WATTERS | BOARD MEMBER | 1 | — |
| KALYAN BHAVARAJU | BOARD MEMBER | 1 | — |
| LAURA CANTRELL | BOARD MEMBER | 1 | — |
| MAUREEN FRASER | BOARD MEMBER | 1 | — |
| MICHELLE TRACY | BOARD MEMBER | 1 | — |
| TAMMY MULLINS | BOARD MEMBER | 1 | — |
| JASON OVERTON | BOARD MEMBER | 1 | — |
| JENNIFER BENNETT | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mid-south Balloon Festival?
Mid-south Balloon Festival is a private foundation focused on Arts, Culture & Humanities, based in COLLIERVILLE, TN. It holds $117K in total assets as of 2024.
How large is Mid-south Balloon Festival?
As of 2024, Mid-south Balloon Festival holds $117K in total assets with $12K in annual revenue. It awarded 8 grants totaling $17K in 2024.
Where does Mid-south Balloon Festival operate?
Mid-south Balloon Festival has awarded grants in District of Columbia, Mississippi, Tennessee.
What size grants does Mid-south Balloon Festival award?
In 2024, Mid-south Balloon Festival awarded 8 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Mid-south Balloon Festival required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mid-south Balloon Festival reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mid-south Balloon Festival's EIN?
Mid-south Balloon Festival's EIN (Employer Identification Number) is 86-2006217. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.