Nonprofit · EIN 61-0464019
LEXINGTON BLUEGRASS ASSN OF REALTORS INC
Tax-exempt · LEXINGTON, KY 40503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,989,735 | $2,135,768 | -$146,033 | $10,900,175 | $4,283,897 | $6,616,278 |
| December 31, 2024 | 990 | $346,282 | $406,223 | -$59,941 | $10,255,193 | $4,301,232 | $5,953,961 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,751,682
- Membership dues
- $1,674,977
- Program service revenue
- $26,532
- Investment income
- $138,600
- Net rental income
- $32,939
- Net gain from sales of assets
- -$4,312
- Net income from sales of inventory
- $33,351
- Other revenue
- $72,921
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,205,064
- Salaries, compensation and benefits (total)
- $1,431,191
- Professional fundraising fees
- $0
- Legal fees
- $49,000
- Accounting fees
- $82,300
- Occupancy
- $30,008
- Travel
- $89,695
- Depreciation
- $14,040
Balance sheet and other
- Total assets, start of year
- $10,255,193
- Total assets, end of year
- $10,900,175
- Total liabilities, end of year
- $4,283,897
- Net assets, end of year
- $6,616,278
- Land, buildings and equipment
- $385,128
- Publicly traded securities
- $6,858,135
- Gross unrelated business income
- $40,551
- Gross receipts
- $3,063,946
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1957
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD GIBBONS | FORMER CEO Former | 10 | $54,295 | $162,885 | $18,367 |
| KATRINA BOWERS | INTERIM CEO Officer | 10 | $43,093 | $129,285 | $26,014 |
| RICHARD MCGONIGLE | EMPLOYEE Highest-paid employee | 40 | $0 | $114,052 | $17,331 |
| JONATHAN COOPER | EMPLOYEE Highest-paid employee | 40 | $52,355 | $52,355 | $13,315 |
| TODD HYATT | PRESIDENT Trustee or director, Officer | 2 | $18,000 | $0 | $0 |
| MIKE INMAN | PRESIDENT-ELECT Trustee or director, Officer | 2 | $12,000 | $0 | $0 |
| PAULA ELDER | TREASURER Trustee or director, Officer | 2 | $6,000 | $0 | $0 |
| DANIEL CARMACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE COOMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY ANN HOLLON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICIA HUFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAPHNE JEWELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN GROFT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAM JURY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HANNAH PORTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONAH MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| BARRY TURNER | DIRECTOR Trustee or director | 1 | $0 |
| TRACI WILLIS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF GREEN | DIRECTOR Trustee or director | 1 | $0 |
| RUBY MASON | DIRECTOR Trustee or director | 1 | $0 |
| RANDY NEWSOME | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN VERHOVEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD HYATT | PRESIDENT ELECT Trustee or director, Officer | 2 | $2,000 |
| RANDY NEWSOME | PRESIDENT Trustee or director, Officer | 2 | $1,500 |
| PAULA ELDER | TREASURER Trustee or director, Officer | 2 | $500 |
| TOM THOMAS | TREASURER Trustee or director, Officer | 2 | $500 |
| RONY JO BALLOU | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL CARMACK | DIRECTOR Trustee or director | 1 | $0 |
| GARY DENTON | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA DUDEK | DIRECTOR Trustee or director | 1 | $0 |
| PAULA ELDER | DIRECTOR Trustee or director | 1 | $0 |
| JEFF GREEN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GROFT | DIRECTOR Trustee or director | 1 | $0 |
| MIKE INMAN | DIRECTOR Trustee or director | 1 | $0 |
| RUBY MASON | DIRECTOR Trustee or director | 1 | $0 |
| TREY MCCALLIE | DIRECTOR Trustee or director | 1 | $0 |
| KELLY NISBET | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH PORTER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN VERHOVEN | DIRECTOR Trustee or director | 1 | $0 |
| NELSON WEAVER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2250 REGENCY RD, LEXINGTON, KY 40503-2353
- In care of
- % BLUEGRASS REALTORS
- Principal officer (990 for 2025)
- KATRINA BOWERS, 2250 REGENCY RD, LEXINGTON, KY 40503
- Signed the 990
- KATRINA BOWERS, INTERIM CEO
- Phone
- (859) 276-3503
- Website
- WWW.BLUEGRASSREALTORS.COM
- Return prepared by
- YOUNG & WADLINGTON PLLC
Mission
BLUEGRASS REALTORS PROVIDES A SERVICE TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST, TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED, TO PROMOTE AND MAINTAIN THE HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS, TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP, TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THIS COMMUNITY WITH THE KENTUCKY ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS, THEREBY FURTHERING THEIR OWN OBJECTIVES THROUGHOUT THE STATE AND NATION, AND OBTAINING THE BENEFITS AND PRIVILEGES OF MEMBERSHIP THEREIN, TO DESIGNATE, FOR THE BENEFIT OF THE PUBLIC, INDIVIDUALS AUTHORIZED TO USE THE TERMS REALTOR.
Program accomplishments
- PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION.Expenses $2,135,768 · revenue $23,663
- PROVIDE EDUCATION CLASSES FOR THOSE ENGAGED IN THE REAL ESTATE PROFESSION.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 61-0464019
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $10,900,175
- Income (IRS master file)
- $3,063,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,989,735 | $2,135,768 | $10,900,175 | XML |
| 990 | December 2024 | $346,282 | $406,223 | $10,255,193 | XML |
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 61-0464019).
Questions about LEXINGTON BLUEGRASS ASSN OF REALTORS INC
- What is the EIN of LEXINGTON BLUEGRASS ASSN OF REALTORS INC?
- The employer identification number (EIN) of LEXINGTON BLUEGRASS ASSN OF REALTORS INC is 61-0464019.
- Is LEXINGTON BLUEGRASS ASSN OF REALTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to LEXINGTON BLUEGRASS ASSN OF REALTORS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEXINGTON BLUEGRASS ASSN OF REALTORS INC 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 LEXINGTON BLUEGRASS ASSN OF REALTORS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON BLUEGRASS ASSN OF REALTORS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LEXINGTON BLUEGRASS ASSN OF REALTORS INC?
- The 990 for the year ended December 31, 2025 names KATRINA BOWERS.
- Who are the officers and directors of LEXINGTON BLUEGRASS ASSN OF REALTORS INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 6 received compensation from the organization, the highest $54,295 (RICHARD GIBBONS, FORMER CEO).
- How much revenue does LEXINGTON BLUEGRASS ASSN OF REALTORS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,989,735, expenses of $2,135,768 and total assets of $10,900,175 at year end.
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All nonprofits in LEXINGTON · Kentucky · Community improvement and capacity building