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.
Mid-South Balloon Festival at a glance
In short: Mid-South Balloon Festival gave $17K across 8 grants in 2024 (avg $2K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,600
- -89.9% vs 2023
- Grants made (2024)
- 8
- -72.4% vs 2023
- Average grant
- $2,075
- -63.5% vs 2023
- Median grant
- $900
- Total assets
- $117,192
- -14.6% vs 2023
- Primary geography
- Tennessee (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mid-South Balloon Festival funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Collierville Schools ($10K). Together the top 8 received $17K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 37 grants of 41 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Mid-South Balloon Festival gives
- Giving fell 58% from 2021 to 2024. Method
- In 2024 it paid out 331% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $17K (2024) to $165K (2023). In 2024 it made 8 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Collierville Schools Collierville, TN | To Provide Assistance to the Receiving Party. | $10,000 |
| Civil Air Patrol Millington, TN | To Provide Assistance to the Receiving Party. | $2,000 |
| Shelby Literacy Center Collierville, TN | To Provide Assistance to the Receiving Party. | $1,000 |
| St Patrick's Church Collierville, TN | To Provide Assistance to the Receiving Party. | $1,000 |
| Holly Springs Rotary Club Holly Springs, MS | To Provide Assistance to the Receiving Party. | $800 |
| Millington Rotary Club Millington, TN | To Provide Assistance to the Receiving Party. | $800 |
| Baddour Center Senatobia, MS | To Provide Assistance to the Receiving Party. | $500 |
| Faith Lutheran Church Collierville, TN | To Provide Assistance to the Receiving Party. | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $117,192 | $12,150 | $32,108 | $16,600 | 8 | $16,600 | $5,100 | $5,010 |
| 2023 | $137,150 | $471,729 | $434,525 | $164,638 | 29 | $164,638 | $411 | — |
| 2022 | $99,946 | $462,905 | $362,959 | $106,000 | 2 | $106,000 | — | — |
| 2021 | $31,070 | $245,565 | $214,495 | $40,000 | 2 | $40,000 | — | — |
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.
Leadership & Key People
Officers and directors from IRS filings
Mid-South Balloon Festival is led by Chad Lindsay, President since 2024 (on filings since 2023); none of the 19 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chad Lindsay
President
Vice President → President, 2024
On filings since 2023
1 hr/week
No compensation reported
Chuck Lesnick
Board Member
Director → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Joe Ennis
Board Member
Director → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Dean Wingo
Board Member
Director → Board Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Jennifer Bennett
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Kalyan Bhavaraju
Board Member
Director → Board Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Lee Anne Dobson
Secretary
Director → Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Maureen Fraser
Board Member
Director → Board Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Tammy Mullins
Board Member
Director → Board Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Danielle Stevens
Board Member
Director → Board Member, 2024
On filings since 2023
1 hr/week
No compensation reported
Alexis Heinz
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Amanda Whitehorn
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Jason Overton
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Jimmy Van De Vuurst
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Jordan Hughes
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Joseph Hunter
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Judy Watters
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Laura Cantrell
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Michelle Tracy
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (10)
- Former: Dave Rhylander (2021–2023) — Director
- Former: Kirk Northcutt (2021–2023) — Secretary
- Former: Susan Ewing (2021–2023) — President
- Former: John Green (2022–2023) — Director
- Former: Darrin Yoder (2021–2022) — Treasurer
- Former: Chad Lindsay Alston Construction (2022) — Director
- Former: Danielle Stevens Alston (2022) — Director
- Former: Fred Durham (2021) — Director
- Former: Robin Rasmussen (2021) — Director
- Former: Toni Durham (2021) — Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mid-South Balloon Festival
How much does Mid-South Balloon Festival give each year?
Mid-South Balloon Festival gave $17K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $165K across 29 grants.
What is Mid-South Balloon Festival's typical grant size?
Mid-South Balloon Festival's median grant in 2024 was $900, and its average grant was $2,075, across 8 grants on its 2024 IRS Form 990-PF.
Where does Mid-South Balloon Festival give grants?
Mid-South Balloon Festival gives mostly in Tennessee: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Mississippi (8%). The most frequent recipient cities were Collierville, TN (4 grants) and Millington, TN (2 grants).
Does Mid-South Balloon Festival give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Mid-South Balloon Festival's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Provide Assistance to the Receiving Party." (8 grants).
Who are Mid-South Balloon Festival's largest grantees?
Mid-South Balloon Festival's largest 2024 grantees include Collierville Schools ($10,000), Civil Air Patrol ($2,000) and Shelby Literacy Center ($1,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Mid-South Balloon Festival?
Mid-South Balloon Festival reported $117K in total assets on its 2024 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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