Bluegrass Bankers Association Inc

Organization Overview

Bluegrass Bankers Association Inc is located in Franklin, KY. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluegrass Bankers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Bluegrass Bankers Association Inc generated $254.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $220.9k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE BLUEGRASS COMMUNITY BANKERS ASSOCIATION IS TO CREATE AND PROMOTE AN ENVIRONMENT IN KENTUCKY WHERE COMMUNITY BANKS FLOURISH. WE STRIVE TO ACHIEVE THIS GOAL THROUGH A THREE-PART APPROACH: SHARED KNOWLEDGE, GROUP BENEFITS AND REPRESENTATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE PROMOTE BANKING LAW CHANGES IN KENTUCKY TO OUR MEMBERS TO KEEP THEM ABREAST IN THE NEW REGULATIONS THAT THEY MAY BE SUBJECT TO.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Broady
Secretary
$0
Billy Bingham
Director
$0
Edna Hughes
President
$0
Jodi Stacy
Director
$0
Kevin Atwood
Director
$0
Christy Carpenter
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$239,967
Investment income $698
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $13,382
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $254,047

Grants Awarded

Over the last fiscal year, Bluegrass Bankers Association Inc has awarded $17,742 in support to 2 organizations.

Grant RecipientAmount

TEAM EASTERN KY FLOOD RELIEF

PURPOSE: COMMUNITY SUPPORT

$8,871

TEAM WESTERN KY TORNADO RELIE

PURPOSE: COMMUNITY SUPPORT

$8,871
View Grant Profile

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