Nonprofit · EIN 61-0981376
MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC
Tax-exempt (reinstated) · LEXINGTON, KY 40508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $75,290 | $77,946 | -$2,656 | $69,677 | $706 | $68,971 |
| December 31, 2023 | 990-EZ | $77,061 | $72,066 | $4,995 | $73,008 | $1,381 | $71,627 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60
- Membership dues
- $21,753
- Program service revenue
- $23,859
- Investment income
- $819
- Other revenue
- $28,799
Expenses
- Compensation of officers, directors and key employees
- $20,400
- Salaries, compensation and benefits (total)
- $20,400
- Professional fees and payments to contractors
- $550
- Other expenses
- $56,996
Balance sheet and other
- Total assets, start of year
- $73,008
- Total assets, end of year
- $69,677
- Total liabilities, end of year
- $706
- Net assets, end of year
- $68,971
- Cash, savings and investments
- $69,677
- Gross receipts
- $75,290
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHSLEY CASSETTY | Executive Dir. | 10 | $20,400 |
| BARB JEFFRIES | President | 5 | $0 |
| DANIEL MARLIN | PRESIDENT ELECT | 5 | $0 |
| MARLA GUILLAUME | PAST PRESIDENT | 5 | $0 |
| KAY SMITH | Secretary | 5 | $0 |
| Elizabeth WILLIAMS | Treasurer | 5 | $0 |
| TRISH DEWITT | Director | 5 | $0 |
| JULIE DOMIAN-ERNST | Director | 5 | $0 |
| MICHAEL SCHAD | Director | 5 | $0 |
| JOHN CISSELL | Director | 5 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHSLEY CASSETTY | Executive Dir. | 10 | $18,000 |
| BARB JEFFRIES | President | 5 | $0 |
| DANIEL MARLIN | PRESIDENT ELECT | 5 | $0 |
| MARLA GUILLAUME | PAST PRESIDENT | 5 | $0 |
| KAY SMITH | Secretary | 5 | $0 |
| Elizabeth WILLIAMS | Treasurer | 5 | $0 |
| TRISH DEWITT | Director | 5 | $0 |
| JULIE DOMIAN-ERNST | Director | 5 | $0 |
| MICHAEL SCHAD | Director | 5 | $0 |
| JOHN CISSELL | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 715 HEADLEY AVE, LEXINGTON, KY 40508-1309
- In care of
- % MBAL
- Mailing address (990-N for 2016)
- PO 596, Fishers IN 46038
- Principal officer (990-N for 2016)
- Alan Thorup, 10123 Parkshore Drive, Fishers IN 46038
- Signed the 990-EZ
- ASHSLEY CASSETTY, Executive Dir.
- Phone
- (270) 303-1524
- Website
- www.mbalou.org
- Return prepared by
- Highland Professional Group
Mission
THE MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE IS A NON-PROFIT, VOLUNTEER ORGANIZATION DEDICATED TO BOTH THE PRESERVATION AND IMPROVEMENT OF THE MORTGAGE BANKING INDUSTRY, AND DEPENDENT UPON THE SUPPORT OF THE ASSOCIATION MEMBERS. MBAL IS COMPRISED OF BANKERS, BROKERS, LOAN OFFICERS, APPRAISERS, HOME INSPECTORS, ATTORNEYS, REAL ESTATE PROFESSIONALS, UNDERWRITERS, PROCESSORS, INSURANCE AGENTS, AND OTHER PROFESSIONALS INVOLVED IN THE BUSINESS OF MORTGAGE BANKING AND THE HOUSING MARKET IN THE LOUISVILLE AREA. MEMBERSHIP IS OPEN TO THOSE ENGAGED IN MORTGAGE LENDING AND OTHER HOUSING RELATED BUSINESSES THAT HAVE AN OFFICE IN KENTUCKY OR THE FOLLOWING COUNTIES IN SOUTHERN INDIANA: CLARK, FLOYD, HARRISON, AND JEFFERSON. MBAL FOSTERS SOUND ETHICAL BUSINESS PRACTICES AND METHODS IN THE MAKING, MARKETING, AND SERVICING OF REAL ESTATE MORTGAGE LOANS AND TO SPONSOR EDUCATIONAL OPPORTUNITIES FOR INDUSTRY PROFESSIONALS.
Program accomplishments
- PRESENT MONTHLY MEETINGS TO EDUCATE MEMBERS ON THE INDUSTRY AND COMMUNITY
- ANNUALLY PROMOTE AND EXECUTE A SOCIAL EVENT TO RAISE FUNDS FOR A LOCAL CHARITY
- PROVIDE COMMUNICATIONS TO MEMBERS REGARDING LEGISLATIVE AND REGULATORY ISSUES AS WELL AS MARKET STATISTICS PERTINENT TO THE INDUSTRTY
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 61-0981376
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $69,677
- Income (IRS master file)
- $75,290
Revocation and reinstatement
- Exemption revoked
- August 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective August 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $75,290 | $77,946 | $69,677 | XML |
| 990-EZ | December 2023 | $77,061 | $72,066 | $73,008 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Alan Thorup | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 61-0981376).
Questions about MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC
- What is the EIN of MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC?
- The employer identification number (EIN) of MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC is 61-0981376.
- Is MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC tax-exempt?
- Yes. The IRS revoked its exemption on August 15, 2010 and reinstated it effective August 15, 2010.
- Are donations to MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE 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 MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC?
- The 990-N for 2016 names Alan Thorup.
- Who are the officers and directors of MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $20,400 (ASHSLEY CASSETTY, Executive Dir.).
- How much revenue does MORTGAGE BANKERS ASSOCIATION OF LOUISVILLE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $75,290, expenses of $77,946 and total assets of $69,677 at year end.
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