Nonprofit · EIN 61-1160670
MORTGAGE BANKERS ASSOCIATION OF KENTUCKY 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 | $34,154 | $48,841 | -$14,687 | $17,775 | – | $17,775 |
| December 31, 2023 | 990-EZ | $47,273 | $47,093 | $180 | $32,462 | $0 | $32,462 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $10,300
- Program service revenue
- $21,194
- Net income from fundraising events
- $1,502
- Other revenue
- $1,158
Expenses
- Compensation of officers, directors and key employees
- $15,375
- Salaries, compensation and benefits (total)
- $15,375
- Professional fees and payments to contractors
- $840
- Printing, publications and postage
- $27
- Other expenses
- $32,599
Balance sheet and other
- Total assets, start of year
- $32,462
- Total assets, end of year
- $17,775
- Total liabilities, end of year
- –
- Net assets, end of year
- $17,775
- Cash, savings and investments
- $17,775
- Gross receipts
- $35,237
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 |
|---|---|---|---|
| ALAN THORUP | Executive Dir. | 10 | $12,500 |
| ASHLEY CASSETTY | Executive Dir. | 10 | $2,875 |
| JASON HEFLIN | President | 1 | $0 |
| ABDUL MUHAMMAD | Vice President | 1 | $0 |
| KAY SMITH | Treasurer | 1 | $0 |
| DANIEL MARLIN | Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN THORUP | EXECUTIVE DIRECTOR | 10 | $15,967 |
| ASHLEY HAURY | SECRETARY | 1 | $0 |
| MARLA GUILLAUME | PRESIDENT | 1 | $0 |
| ABDUL MUHAMMAD | VICE PRESIDENT | 1 | $0 |
| JASON HEFLIN | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 715 HEADLEY AVE, LEXINGTON, KY 40508-1309
- 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
- ASHLEY CASSETTY, Executive Dir.
- Phone
- (270) 303-1524
- Website
- www.mbaky.org
- Return prepared by
- Highland Professional Group
Mission
THE MORTGAGE BANKERS ASSOCIATION OF KENTUCKY 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. MBAKY 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 KENTUCKY. MEMBERSHIP IS OPEN TO THOSE ENGAGED IN MORTGAGE LENDING AND OTHER HOUSING RELATED BUSINESSES THAT HAVE AN OFFICE IN KENTUCKY. MEMBERS OF THE MBA STATE CHAPTERS ARE AUTOMATICALLY MEMBERS OF THE MORTGAGE BANKERS ACCOCIATION OF KENTUCKY.
Program accomplishments
- ANNUAL EDUCATION CONFERENCE FOR MEMBERS TO LEARN ABOUT VARIOUS ASPECTS OF MORTGAGE BANKING, INCLUDING: NATIONAL PERSPECTIVE OF INDUSTRY, SALES, SALES MANAGEMENT, MARKETING AND PRODUCTS.
- ANNUAL COMPLIANCE SEMINAR FOR MEMBERS TO HEAR FROM EXPERTS IN THE COMPLIANCE AREA OF MORTGAGE BANKING.
- PROVIDE COMMUNICATIONS TO MEMBERS ON LEGISLATIVE AND REGULATORY ISSUES AS WELL AS MARKET STATISTICS PERTINENT TO THE INDUSTRY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 61-1160670
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $17,775
- Income (IRS master file)
- $35,237
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
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 | $34,154 | $48,841 | $17,775 | XML |
| 990-EZ | December 2023 | $47,273 | $47,093 | $32,462 | 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 61-1160670).
Questions about MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC
- What is the EIN of MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC?
- The employer identification number (EIN) of MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC is 61-1160670.
- Is MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MORTGAGE BANKERS ASSOCIATION OF KENTUCKY 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 KENTUCKY 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 KENTUCKY INC?
- The 990-N for 2016 names Alan Thorup.
- Who are the officers and directors of MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $12,500 (ALAN THORUP, Executive Dir.).
- How much revenue does MORTGAGE BANKERS ASSOCIATION OF KENTUCKY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $34,154, expenses of $48,841 and total assets of $17,775 at year end.
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