Nonprofit · EIN 61-0244750
KENTUCKY BANKERS ASSOCIATION
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,795,469 | $5,730,408 | $65,061 | $8,380,362 | $1,740,023 | $6,640,339 |
| June 30, 2024 | 990 | $5,514,419 | $5,244,452 | $269,967 | $7,857,399 | $1,722,180 | $6,135,219 |
| June 30, 2023 | 990 | $5,103,304 | $5,053,888 | $49,416 | $7,368,761 | $1,440,893 | $5,927,868 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,034,443
- Investment income
- $275,199
- Royalties
- $547,629
- Net gain from sales of assets
- $164,885
- Other revenue
- $2,485,827
Expenses
- Grants and similar amounts paid
- $26,390
- Compensation of officers, directors and key employees
- $1,882,150
- Other salaries and wages
- $1,191,840
- Salaries, compensation and benefits (total)
- $3,869,294
- Professional fundraising fees
- $0
- Legal fees
- $79,825
- Occupancy
- $104,643
- Travel
- $667,307
- Depreciation
- $131,372
Balance sheet and other
- Total assets, start of year
- $7,857,399
- Total assets, end of year
- $8,380,362
- Total liabilities, end of year
- $1,740,023
- Net assets, end of year
- $6,640,339
- Land, buildings and equipment
- $1,155,115
- Publicly traded securities
- $2,587,802
- Net assets without donor restrictions
- $6,640,339
- Gross unrelated business income
- $1,937,348
- Gross receipts
- $5,795,469
- Employees
- 28
- Volunteers
- 22
- Year formed
- 1891
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BALLARD W CASSADY JR | PRESIDENT & CEO Trustee or director, Officer | 40 | $902,637 | $982,418 |
| MATT VANCE | CHIEF FINANCIAL OFFICER Officer | 40 | $353,004 | $83,112 |
| TIM SCHENK | GENERAL COUNSEL Key employee | 40 | $302,557 | $65,720 |
| JOHN COOPER | GOVERNMENT AFFAIRS Highest-paid employee | 40 | $175,110 | $26,687 |
| SELINA PARRISH | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $140,190 | $32,986 |
| KATIE RAJCHEL | ACCOUNTING MANAGER Highest-paid employee | 40 | $111,273 | $48,094 |
| NINA GOTTES | SPONSORSHIP SOLUTIONS Highest-paid employee | 40 | $116,493 | $17,260 |
| APRIL PERRY | VICE CHAIRMAN (THRU 09/26/24), CHAIRWOMAN Trustee or director, Officer | 1 | $0 | $0 |
| RUTH O'BRYAN BALE | PAST CHAIRWOMAN (THRU 9/25/24) Trustee or director, Officer | 1 | $0 | $0 |
| MARK STROTHER | CHAIRMAN (THRU 09/26/24), PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| W LEE SCHEBEN | TREASURER (THRU 09/26/24), VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JASON HAWKINS | TREASURER (9/26/24 - 6/30/25) Trustee or director, Officer | 1 | $0 | $0 |
| FRED BRASHEAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANIE GARDNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HUNT | DIRECTOR (7/1/24 - 9/25/24) Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG PAWLEY | DIRECTOR (7/1/24 - 9/25/24) Trustee or director | 1 | $0 |
| ALEX DOWNING | DIRECTOR (7/1/24 - 9/25/24) Trustee or director | 1 | $0 |
| JEFF MCDANIELS | DIRECTOR Trustee or director | 1 | $0 |
| JASON JONES | DIRECTOR Trustee or director | 1 | $0 |
| DON JENNINGS | DIRECTOR Trustee or director | 1 | $0 |
| JAMES AYERS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BECKWITH | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT MILES | DIRECTOR Trustee or director | 1 | $0 |
| LUCAS SHEPHERD | DIRECTOR Trustee or director | 1 | $0 |
| LONNIE FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MEYERS | DIRECTOR Trustee or director | 1 | $0 |
| DOUG LAWSON | DIRECTOR (09/26/24 - 06/30/25) Trustee or director | 1 | $0 |
| LOGAN PICHEL | DIRECTOR (09/26/24 - 06/30/25) Trustee or director | 1 | $0 |
| FRANK WILSON | DIRECTOR (09/26/24 - 06/30/25) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BALLARD W CASSADY JR | PRESIDENT & CEO Trustee or director, Officer | 40 | $828,076 | $1,032,432 |
| MATT VANCE | CHIEF FINANCIAL OFFICER Officer | 40 | $339,099 | $79,769 |
| DEBRA STAMPER | FORMER EXEC VICE PRESIDENT Officer | 40 | $293,884 | $47,373 |
| TIM SCHENK | GENERAL COUNSEL Key employee | 40 | $202,438 | $50,013 |
| JOHN COOPER | GOVERNMENT AFFAIRS Highest-paid employee | 40 | $152,530 | $32,944 |
| SELINA PARRISH | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $129,239 | $31,182 |
| KATIE RAJCHEL | ACCOUNTING MANAGER Highest-paid employee | 40 | $101,542 | $45,467 |
| NINA GOTTES | SPONSORSHIP SOLUTIONS Highest-paid employee | 40 | $110,821 | $16,512 |
| MARK STROTHER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RUTH O'BRYAN BALE | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| APRIL PERRY | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| W LEE SCHEBEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FRED BRASHEAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANIE GARDNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG PAULEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX DOWNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF MCDANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DON JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES AYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BECKWITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCAS SHEPHERD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LONNIE FOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN MEYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX COOK | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES BEACH III | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAIME COFFEY | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES HILLEBRAND | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY KINDER | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BALLARD W CASSADY JR | PRESIDENT AND CEO Trustee or director, Officer | 40 | $923,294 | $275,614 |
| DEBRA K STAMPER | EXECUTIVE VICE PRESIDENT Officer | 40 | $388,943 | $55,500 |
| MATTHEW E VANCE | CHIEF FINANCIAL OFFICER Officer | 40 | $321,629 | $72,820 |
| TIM SCHENCK | ASSISTANT GENERAL COUNSEL Highest-paid employee | 40 | $158,620 | $51,965 |
| JOHN COOPER | GOVERNMENT AFFAIRS CONSULT Highest-paid employee | 40 | $148,144 | $32,169 |
| SELINA PARRISH | DIRECTOR OF MEMBERSHIP Highest-paid employee | 40 | $125,869 | $30,257 |
| ALEX COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX DOWNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY KINDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES BEACH III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DON JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG PAWLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAIME COFFEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES AYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF MCDANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANIE W GARDNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIACHAEL HUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BECKWITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM F BRASHEAR II | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WADE BERRY | DIRECTOR (PARTIAL YEAR) Trustee or director, Officer | 1 | $0 | $0 |
| ELMER WHITAKER | DIRECTOR (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 |
| GREGORY GOFF | DIRECTOR (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 |
| MICHELLE COLEMAN | DIRECTOR (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 |
| RANDALL BLACKBURN | DIRECTOR (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 |
| RUTH O'BRYAN BALE | CHAIRWOMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES HILLEBRAND | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARK STROTHER | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| APRIL PERRY | TREASURER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 W MAIN ST STE 400, LOUISVILLE, KY 40202-2998
- Principal officer (990 for 2024)
- BALLARD W CASSADY JR, 600 W MAIN STREET 400, LOUISVILLE, KY 40202
- Signed the 990
- MATTHEW VANCE, CHIEF FINANCIAL OFFICER
- Phone
- (502) 582-2453
- Website
- WWW.KYBANKS.COM
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO PROVIDE EFFECTIVE ADVOCACY FOR THE FINANCIAL SERVICES INDUSTRY BOTH IN KENTUCKY AND ON A NATIONAL LEVEL; TO SERVE AS A RELIABLE AND RESPONSIVE SOURCE OF INFORMATION AND EDUCATION ABOUT AREAS OF INTEREST TO THE INDUSTRY; AND TO PROVIDE A CATALYST AND FORUM FOR COLLECTIVE INDUSTRY ACTION.
Program accomplishments
- THE ASSOCIATION MARKETS AND FACILITATES EDUCATIONAL PRODUCTS AND SERVICES TO ITS MEMBERSHIP. DURING THE PAST YEAR THE ASSOCIATION PROVIDED EDUCATIONAL SERVICES TO OVER 3,000 INDIVIDUALS FROM MORE THAN 150 CORPORATE MEMBERS THROUGH LIVE AND DISTANCE-LEARNING SEMINARS.THE ASSOCIATION ENGAGES IN LOBBYING ACTIVITIES ON BEHALF OF THE KENTUCKY BANKING INDUSTRY AT BOTH THE STATE AND FEDERAL LEVEL. THE ASSOCIATION'S CURRENT MEMBERSHIP CONSISTS OF 150 FINANCIAL INSTITUTIONS, 135 ASSOCIATE MEMBERS AND 105 BANK COUNSEL MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0244750
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,380,362
- Income (IRS master file)
- $5,795,469
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,795,469 | $5,730,408 | $8,380,362 | IRS |
| 990 | June 2024 | $5,514,419 | $5,244,452 | $7,857,399 | IRS |
| 990 | June 2023 | $5,103,304 | $5,053,888 | $7,368,761 | XML |
| 990 | June 2022 | $4,534,508 | $4,710,410 | $6,828,754 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0244750).
Questions about KENTUCKY BANKERS ASSOCIATION
- What is the EIN of KENTUCKY BANKERS ASSOCIATION?
- The employer identification number (EIN) of KENTUCKY BANKERS ASSOCIATION is 61-0244750.
- Is KENTUCKY BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1958.
- Are donations to KENTUCKY BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY BANKERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KENTUCKY BANKERS ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KENTUCKY BANKERS ASSOCIATION?
- The 990 for the year ended June 30, 2025 names BALLARD W CASSADY JR.
- Who are the officers and directors of KENTUCKY BANKERS ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 29 people; 7 received compensation from the organization, the highest $902,637 (BALLARD W CASSADY JR, PRESIDENT & CEO).
- How much revenue does KENTUCKY BANKERS ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,795,469, expenses of $5,730,408 and total assets of $8,380,362 at year end.
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