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Bluegrass Bankers Association Inc

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

EIN: 611343955 ✦ Franklin, KY ✦ Designated as a 501(c)(6)

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Overview

What is Bluegrass Bankers Association Inc?

Bluegrass Bankers Association Inc, based in Franklin, Kentucky, is a nonprofit organization dedicated to fostering a favorable environment for community banks in Kentucky. Their primary mission involves promoting banking law changes, ensuring their members stay informed about new regulations they might be subject to. To achieve this goal, they employ a three-pronged strategy: sharing knowledge, offering group benefits, and advocating for their members' interests in legislative matters. This approach aims to support and strengthen community banks within the state.


Official website here: www.bluegrassbankers.com

Is Bluegrass Bankers Association Inc legitimate?

Bluegrass Bankers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bluegrass Bankers Association Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bluegrassbankers.com

What is the mission statement of Bluegrass Bankers Association Inc?

The Bluegrass Bankers Association Inc's mission is centered around fostering a thriving environment for community banks in Kentucky. They achieve this through a strategic three-part approach: Shared Knowledge, Group Benefits, and Representation. A significant part of their mission involves promoting changes in banking laws in Kentucky, keeping their members informed about the new regulations they may be subject to. This proactive approach ensures that community banks in Kentucky can navigate the regulatory landscape effectively.


Official website here: www.bluegrassbankers.com

Who is the CEO of Bluegrass Bankers Association Inc?

Mark Ross is the President of Bluegrass Bankers Association Inc.


Official website here: www.bluegrassbankers.com

What is the revenue of Bluegrass Bankers Association Inc?

Bluegrass Bankers Association Inc's revenue in 2022 was $202,026.


Official website here: www.bluegrassbankers.com

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


Here are 11 key members and their salaries:


Gary Broady (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Bingham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edna Hughes (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodi Stacy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Atwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy Carpenter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Ross (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doc Meredith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Goodpaster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Craig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Samples (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bluegrassbankers.com

Where can I find the form 990 for Bluegrass Bankers Association Inc?

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


Official website here: www.bluegrassbankers.com

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

Mission Statement of Bluegrass Bankers Association Inc

The Bluegrass Bankers Association, Inc., dedicated to the prosperity of community banks in Kentucky, pursues its mission through a three-pronged strategy: Shared Knowledge, Group Benefits, and Representation. A significant part of their mission involves staying updated on banking regulations and laws in Kentucky, and sharing this information with their members to ensure they are well-informed about any new regulations they might be subject to. This proactive approach to promoting banking law changes in Kentucky is a critical aspect of Bluegrass Bankers Association, Inc.'s commitment to supporting its members and helping community banks in the state thrive.

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Impact




October, 2024

The Bluegrass Bankers Association Inc plays a vital role in enhancing the landscape for community banks in Kentucky. By fostering an environment where these institutions can thrive, they significantly contribute to the overall stability and growth of the banking sector in the state.

Through their commitment to shared knowledge, the association ensures that member banks are well-informed about the latest banking regulations and legal changes. This proactive approach helps institutions navigate complex regulatory landscapes, allowing them to operate efficiently and effectively.

The association also amplifies the collective voice of community banks, advocating for favorable banking laws that benefit their members. This representation is crucial, as it empowers local banks to have a say in legislative matters that could affect their operations and service delivery.

Additionally, the Bluegrass Bankers Association fosters collaboration among its members, facilitating group benefits that enhance operational capabilities and resources. This supportive network encourages best practices and innovative solutions, ultimately benefiting the communities these banks serve.

Overall, the Bluegrass Bankers Association Inc significantly impacts Kentucky's financial landscape by promoting a robust community banking environment that prioritizes both stability and opportunity for growth.




This information is meant to be a general summary of Bluegrass Bankers Association Inc. 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
$202,026 (2022)
Expenses
$217,387 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $602
  • Program Service Revenue: $181,477
  • Gross Receipts: $202,026

Assets and Liabilities:

  • Total Assets: $302,842
  • Total Liabilities: $0
  • Net Assets: $302,842

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Programs

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

CONVENTION & FORUM INCOME

Revenue

$89,477

Membership Dues & Assessments

Revenue

$32,665

ROYALTIES

Revenue

$54,335

SPONSORSHIP INCOME

Revenue

$5,000

Organization Details

Founding Year

1999

Principal Officer

Mark Ross

Main Address

PO Box 401, Franklin, KY, 42135

NTEE Category

Code: S41 - Community improvement

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