2026-06-17T09:41:06-05:00 2025-12-31 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2025-01-01 610145980 BUILDERS EXCHANGE OF KENTUCKY INC BUIL 5024599800 2300 MEADOW DRIVE LOUISVILLE KY 40218 LYNN STETSON CHIEF EXECUTIVE OFFICER 5024599800 2026-06-17 1 ABIGAIL CAMPBELL P01296738 5025851600 2025 2025-03-06 01:10:19Z LYNN STETSON 2300 MEADOW DRIVE LOUISVILLE KY 40218 5591370 0 X WWW.BXLOU.COM X 1982 KY OFFERING CREATIVE RESOURCES TO FACILITATE THE SUCCESS OF THE CONSTRUCTION INDUSTRY. 12 11 10 11 66440 0 0 0 1125885 1206911 349915 294280 356933 309094 1832733 1810285 14000 10000 0 0 1031786 1046059 0 0 0 618166 722702 1663952 1778761 168781 31524 8914669 9455575 688114 781975 8226555 8673600 X TO OFFER CREATIVE RESOURCES TO FACILITATE THE SUCCESS OF THE CONSTRUCTION INDUSTRY BY PROVIDING VALUED PRODUCTS AND SERVICES. 0 0 996594 1252011 BUILDERS EXCHANGE OF KENTUCKY, FOUNDED IN 1927, IS A FULL-SERVICE CONSTRUCTION TRADE ASSOCIATION WITH A MEMBERSHIP CONSISTING OF GENERAL CONTRACTORS, SUBCONTRACTORS, MATERIAL SUPPLIERS, MANUFACTURER REPRESENTATIVES AND OTHERS WHO ARE ENGAGED IN THE COMMERCIAL AND INDUSTRIAL CONSTRUCTION INDUSTRY. OFFERINGS INCLUDE: - ONLINE PLANROOM- GROUP INSURANCE PROGRAMS- EDUCATION AND TRAINING PROGRAMS- NETWORKING EVENTS- JOB BOARD- ACCESS TO OTHER TECHNOLOGY AND SUPPORT SERVICES FOR THE CONSTRUCTION INDUSTRY 10000 10000 PROVIDING ASSISTANCE TO MEMBERS OF THE CONSTRUCTION INDUSTRY FOR HIGHER EDUCATION. 1006594 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 10 1 1 1 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 KY X LYNN STETSON CHIEF EXECUTIVE OFFIC 5024599800 PO BOX 5398 LOUISVILLE KY 402550398 RYAN DODSON PRESIDENT 1.00 X X 0 0 0 CHELSEA ELLIS-HOGAN 1ST VP 1.00 X X 0 0 0 TERRI ALBERT 2ND VP 1.00 X X 0 0 0 LYNN STETSON CHIEF EXECUTIVE OFFICER 60.00 X X 145790 0 14097 TODD POTTLIZER IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 SALEM GRIFFIN-JOHNSON TREASURER 1.00 X X 0 0 0 JAMES STRANGE DIRECTOR 1.00 X 0 0 0 PATRICK MURPHY DIRECTOR 1.00 X 0 0 0 NOAH COY DIRECTOR 1.00 X 0 0 0 JOHN SCHNURR DIRECTOR 1.00 X 0 0 0 ANTHONY TATMAN DIRECTOR 1.00 X 0 0 0 JACK RESINGER DIRECTOR 1.00 X 0 0 0 145790 0 14097 1 0 1 0 0 MEMBERSHIP DUES 813910 1132050 1132050 SEMINAR INCOME 813910 46905 46905 COPYING FEES 813910 15656 15656 ADMISSION FEES 813910 12300 12300 1206911 149425 149425 189089 189089 45100 0 45100 45100 45100 3851953 3705215 1883 146738 -1883 144855 144855 82452 73987 8465 8465 INSURANCE ADMIN FEES 900099 57320 57320 ADVERTISING INCOME 900099 9120 9120 66440 1810285 1252011 66440 491834 10000 159887 668580 158562 59030 82732 53107 40535 111882 72018 100482 9135 158998 87173 5665 BAD DEBT EXPENSE 975 1778761 3772 4655 560602 364619 193908 203068 24896 42889 2271145 1292246 976916 978899 7154575 7861445 8914669 9455575 52546 69881 633368 707894 2200 4200 688114 781975 X 8226555 8673600 8226555 8673600 8914669 9455575 31524 415521 0 X 0 1 X 1 0 68630 68630 1916054 1058472 857582 286461 233774 52687 978899 SECURITY DEPOSITS 4200 4200 X 2272820 415519 75871 491390 1781430 28855 28855 1810285 1825777 75871 75871 1749906 28855 28855 1778761 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL STATE INCOME TAXES AS ORGANIZATIONS DESCRIBED UNDER 501(C)(6) OF THE INTERNAL REVENUE CODE AND SECTION 141.010(1)(F) OF THE KENTUCKY REVISED STATUTES, EXCEPT FOR INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024.. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THERE IS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS AS A RESULT OF THE APPLICATION OF THESE ACCOUNTING PRINCIPLES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 73,986. LOSS ON SALE OF FIXED ASSETS 1,885. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRAINING & SEMINAR EXPENSES 28,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 73,986. LOSS ON SALE OF FIXED ASSETS 1,885. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRAINING & SEMINAR EXPENSES 28,855. GOLF OUTING 41895 41895 1175 4340 3000 28449 833 ANNUAL MEMBERSHIP EVENT 27000 27000 6232 15615 1000 5190 1 13557 13557 5515 2050 588 82452 82452 1175 10572 8515 46114 1000 6611 73987 8465 1 SCHOLARSHIP EXPENSE 6 10000 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIP GRANTS ARE PAID DIRECTLY TO SCHOOLS FOR CREDIT OF ENROLLED STUDENTS. X X 0 0 0 LYNN STETSON CHIEF EXECUTIVE OFFICER 145790 0 0 0 0 0 0 0 14097 0 159887 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL CURRENT BOARD MEMBERS ARE ALSO MEMBERS OF THE BUILDERS EXCHANGE OF KENTUCKY, WHICH OPERATES AS A MEMBERSHIP-BASED ORGANIZATION. THE ORGANIZATION OWNS THE BUILDING IN WHICH IT OPERATES. BOARD MEMBERS WHO OWN OR ARE EMPLOYED BY CONSTRUCTION-RELATED BUSINESSES MAY OCCASIONALLY SUBMIT BIDS FOR REPAIR OR MAINTENANCE WORK ON THE BUILDING. THESE OPPORTUNITIES ARE OPEN TO ALL BUILDERS EXCHANGE MEMBERS. ANY BUSINESS TRANSACTIONS INVOLVING BOARD MEMBERS OR THEIR COMPANIES ARE REVIEWED FOR CONFLICTS OF INTEREST AND DISCLOSED IN THE ORGANIZATION'S RELATED PARTY TRANSACTION DISCLOSURES, AS REQUIRED. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. THE OFFICERS ARE THEN ELECTED BY THE BOARD OF DIRECTORS AT ITS FIRST MEETING IMMEDIATELY AFTER THE ANNUAL MEETING OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE ORGANIZATION HAVE TO VOTE FOR ANY CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE ORGANIZATION'S FORM 990 AND 990-T ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND E-MAILED TO MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ALL CONFLICTS OF INTEREST TO DETERMINE HOW THEY SHOULD BE HANDLED. THE CONFLICT OF INTEREST POLICY OF THE CORPORATION STATES THAT A CONFLICT OF INTEREST TRANSACTION CAN EITHER BE DIRECT OR INDIRECT. IF A DIRECT INTEREST CONFLICT OCCURS, THE BOARD REVIEWS TO DETERMINE IF THE MATERIAL FACTS OF THE TRANSACTION AND THE DIRECTORS INTEREST WERE DISCLOSED TO THE BOARD OF DIRECTORS AND THAT THE BOARD APPROVED THE TRANSACTION OR THAT THE TRANSACTION WAS FAIR TO THE CORPORATION. A DIRECTOR IS CONSIDERED TO HAVE AN INDIRECT INTEREST TRANSACTION WITH THE CORPORATION IF A TRANSACTION OCCURS IN WHICH A DIRECTOR HAS MATERIAL FINANCIAL INTERESTS OR IS A GENERAL PARTNER TO THE TRANSACTION OR IT INVOLVES ANOTHER ENTITY WHERE THEY ARE A DIRECTOR, OFFICER, OR TRUSTEE. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE OFFICER COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON THEIR KNOWLEDGE OF THE INDUSTRY AND COMPARABLE BUSINESSES AND THE VALUE TO THE ORGANIZATION. OTHER EMPLOYEE COMPENSATION IS APPROVED BY THE DIRECTORS BASED ON RECOMMENDATION OF THE EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.