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Nonprofit · EIN 61-1315359

KENTUCKY BOURBON FESTIVAL INC

Tax-exempt · BARDSTOWN, KY 40004

Financials

$1.6M$1.6M2023$2.3M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of KENTUCKY BOURBON FESTIVAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,270,075$2,223,735$46,340$340,423$69,919$270,504
December 31, 2023990$1,580,671$1,559,961$20,710$318,184$94,020$224,164
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,269,663
Program service revenue
$0
Investment income
$56
Other revenue
$356

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$162,635
Other salaries and wages
$72,500
Salaries, compensation and benefits (total)
$253,677
Professional fundraising fees
$0
Legal fees
$18,876
Accounting fees
$10,110
Occupancy
$14,243
Travel
$16,502
Program services (functional)
$2,178,581
Management and general (functional)
$45,154

Balance sheet and other

Total assets, start of year
$318,184
Total assets, end of year
$340,423
Total liabilities, end of year
$69,919
Net assets, end of year
$270,504
Land, buildings and equipment
$73,567
Net assets without donor restrictions
$270,504
Gross receipts
$2,270,075
Employees
0
Volunteers
200
Year formed
1997
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
RANDELL PRASSEEXECUTIVE DIRECTOR
Key employee
40$162,635
DAVID MANDELLCHAIRPERSON
Officer
10$0
CORDELL LAWRENCEVICE-CHAIR
Officer
6$0
DONALD BLINCOETREASURER
Officer
6$0
ANDREW WIEHEBRINKSECRETARY
Officer
6$0
MELISSA HORTONDIRECTOR
Officer
6$0
TONY KAMERDIRECTOR
Officer
6$0
STACEY PHELPSDIRECTOR
Officer
6$0
TREVOR BOWELSDIRECTOR
Officer
6$0
CHRIS MORRISDIRECTOR
Officer
6$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
RANDELL PRASSEEXECUTIVE DIRECTOR
Key employee
40$129,420
DAVID MANDELLCHAIRPERSON
Officer
10$0
MELISSA HORTONVICE-CHAIR
Officer
6$0
DONALD BLINCOETREASURER
Officer
6$0
RACHEL MILLERSECRETARY
Officer
6$0

Address and contacts

Address (IRS master file)
114 N 5TH ST, BARDSTOWN, KY 40004-1449
Principal officer (990 for 2024)
CORDELL LAWRENCE, 114 N 5TH ST, BARDSTOWN, KY 40004
Signed the 990
RANDALL PRASSE, PRESIDENT
Phone
(502) 348-3623
Return prepared by
BROWN & CHEEK INC

Mission

KENTUCKY BOURBON EDUCATION

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTE & EDUCATE THE PUBLIC ON THE HISTORY AND PRODUCTION OF BOURBON AND SUPPORT LOCAL NON PROFIT ORGANIZATIONS
    Expenses $2,178,581 · revenue $2,270,075

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-1315359
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$340,423
Income (IRS master file)
$2,270,075

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,270,075$2,223,735$340,423XML
990December 2023$1,580,671$1,559,961$318,184XML
990December 2022$1,477,302$1,394,134$214,654IRS
990December 2021–––IRS
990December 2020–––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 61-1315359).

Questions about KENTUCKY BOURBON FESTIVAL INC

What is the EIN of KENTUCKY BOURBON FESTIVAL INC?
The employer identification number (EIN) of KENTUCKY BOURBON FESTIVAL INC is 61-1315359.
Is KENTUCKY BOURBON FESTIVAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to KENTUCKY BOURBON FESTIVAL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KENTUCKY BOURBON FESTIVAL 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 KENTUCKY BOURBON FESTIVAL 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 KENTUCKY BOURBON FESTIVAL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of KENTUCKY BOURBON FESTIVAL INC?
The 990 for the year ended December 31, 2024 names CORDELL LAWRENCE.
Who are the officers and directors of KENTUCKY BOURBON FESTIVAL INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $162,635 (RANDELL PRASSE, EXECUTIVE DIRECTOR).
How much revenue does KENTUCKY BOURBON FESTIVAL INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,270,075, expenses of $2,223,735 and total assets of $340,423 at year end.

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