Kentucky Bankers Association

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610244750 ✦ Louisville, KY ✦ Designated as a 501(c)(6)

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Overview

What is Kentucky Bankers Association?

Kentucky Bankers Association is a nonprofit organization situated in Louisville, Kentucky, with an address at 600 W Main Street 400. Its primary purpose is to support and educate its 150 financial institution members and 145 associate members through live and distance-learning seminars, providing them with essential information on banking trends and developments. Additionally, the association engages in lobbying activities on behalf of the Kentucky banking industry at both the state and federal levels. With a mission to provide effective advocacy for the financial services industry on a national level, the Kentucky Bankers Association serves as a reliable and responsive source of information and education, and acts as a catalyst for collective industry action. The association currently employs a team of 27 individuals.


Official website here: www.kybanks.com

What do the Facebook reviews say about Kentucky Bankers Association?

100% of 15 reviewers on Facebook recommend the Kentucky Bankers Association. Here is a summary of their reviews:

Enthusiasm for the organization shines through in the comments, with many expressing a strong admiration for the KBA’s contributions not only to the banking sector but also to the broader community. Reviewers appreciate the impactful work done by the KBA and highlight a sense of pride in being connected to such a valuable entity.

Overall, the sentiment is overwhelmingly positive, reflecting a deep appreciation for the KBA's mission and accomplishments. The support and recommendations reinforce the belief that the organization is making a meaningful difference.


This AI summary has been generated from reviews found on Facebook.

Is Kentucky Bankers Association legitimate?

Kentucky Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,814,915
Professional Fundraising Fees: $0
Other Salaries and Wages: $977,341

For more financial information, click here


Official website here: www.kybanks.com

What is the mission statement of Kentucky Bankers Association?

The Kentucky Bankers Association, a non-profit organization, serves as a platform that disseminates information about banking trends and developments to its member banks. Its mission is threefold: to advocate effectively for the financial services industry at both the state and national levels, act as a reliable and responsive source of information and education on matters of interest to the industry, and serve as a catalyst and forum for collective industry action. The association markets and facilitates educational products and services for its membership, providing educational services to over 3,000 individuals from more than 150 corporate members annually through live and distance-learning seminars. Additionally, the association engages in lobbying activities on behalf of the Kentucky banking industry at both the state and federal levels.


Official website here: www.kybanks.com

Who is the CEO of Kentucky Bankers Association?

Ballard W Cassady Jr is the President And Ceo of Kentucky Bankers Association. The CEO's salary of Kentucky Bankers Association is $836,102 and their total compensation is $1,158,112.


Official website here: www.kybanks.com

What is the revenue of Kentucky Bankers Association?

Kentucky Bankers Association's revenue in 2022 was $4,534,508.


Official website here: www.kybanks.com

Who are the executives of Kentucky Bankers Association and what are their salaries?

The average compensation at Kentucky Bankers Association during 2022 was $103,417. There are 27 employees and 18 volunteers at Kentucky Bankers Association.


Here are 29 key members and their salaries (Kentucky Bankers Association's CEO's salary is $836,102 and their total compensation is $1,158,112):


Alex Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Kinder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Beach Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hobbs (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bowling (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Elmer Whitaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Goff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaime Coffey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Hawkins (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
John Key (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lanie W Gardner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Blackburn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William F Brashear Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Jones (Director (Partial Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Miachael Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Pawley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Downing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Berry (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hillebrand (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth O'Bryan Bale (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Strother (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ballard W Cassady Jr (President And Ceo)
  • Compensation: $836,102
  • Related: $0
  • Other: $322,010
Debra K Stamper (Executive Vice President)
  • Compensation: $356,664
  • Related: $0
  • Other: $52,620
Matthew E Vance (Chief Financial Officer)
  • Compensation: $297,465
  • Related: $0
  • Other: $70,516
Tim Schenck (Assistant General Counsel)
  • Compensation: $148,393
  • Related: $0
  • Other: $50,704
John Cooper (Government Affairs Consultant)
  • Compensation: $143,743
  • Related: $0
  • Other: $31,170
Selina Parrish (Director Of Membership)
  • Compensation: $123,313
  • Related: $0
  • Other: $29,343


Official website here: www.kybanks.com

Where can I find the form 990 for Kentucky Bankers Association?

Kentucky Bankers Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kybanks.com

Learn more at the official website: www.kybanks.com

Mission Statement of Kentucky Bankers Association

The Kentucky Bankers Association, a non-profit organization, is committed to providing effective advocacy for the financial services industry on both a state and national level. Their mission is twofold: firstly, to serve as a reliable and prompt source of information and education on matters of interest to the industry. Secondly, they aim to act as a catalyst and forum for collective industry action. The Association achieves these goals by marketing and facilitating educational products and services to its membership. In the past year, they provided educational services to over 3,000 individuals from more than 150 corporate members through live and distance-learning seminars. Furthermore, the Association engages in lobbying activities on behalf of the Kentucky banking industry at both the state and federal levels. Currently, their membership comprises 150 financial institutions, 145 associate members, and 115 bank counsel members.

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Impact




October, 2024

The Kentucky Bankers Association (KBA) plays a pivotal role in supporting the banking industry in Kentucky through a range of impactful activities. By providing valuable insights into banking trends and developments, KBA equips its member banks with the knowledge necessary to navigate an ever-evolving financial landscape. In the past year alone, KBA facilitated educational services for over 3,000 individuals from more than 150 corporate members, utilizing both live and distance-learning seminars.

Moreover, KBA actively engages in lobbying efforts at both the state and federal levels, advocating for the interests of Kentucky's banking industry. With a diverse membership that includes 150 financial institutions, 145 associate members, and 115 bank counsel members, KBA serves as a vital resource for effective advocacy, education, and industry collaboration. By fostering a collective platform for action, KBA not only improves the banking environment in Kentucky but also enhances community welfare and economic stability throughout the region.




This information is meant to be a general summary of Kentucky Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,534,508 (2022)
Expenses
$4,710,410 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$21,680
  • Program Service Revenue: $2,488,126
  • Gross Receipts: $4,648,643

Assets and Liabilities:

  • Total Assets: $6,828,754
  • Total Liabilities: $1,194,647
  • Net Assets: $5,634,107

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SEMINARS AND CONFERENCES

Revenue

$1,297,748

MEMBERSHIP DUES

Revenue

$1,190,378

Organization Details

Founding Year

1891

Principal Officer

Ballard W Cassady Jr

Main Address

600 W MAIN STREET 400, LOUISVILLE, KY, 40202

NTEE Category

Code: S41 - Community improvement

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