Kentucky Distillers Association
- Assets
- $2.3m
- Revenue
- $2.8m
- Investments
- $1.0k
- Employees
- 8
- Location
- Frankfort, KY
- Founding
- 10/1953
- Data as of
- 12/2021
- EIN
- 61-6033690
Organization Overview
Kentucky Distillers Association is located in Frankfort, KY. The organization was established in 1953. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kentucky Distillers Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Distillers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Kentucky Distillers Association generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HISTORY AND GROWTH OF THE BOURBON INDUSTRY AND ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KENTUCKY BOURBON TRAIL TOUR IS A TOURIST ATTRACTION FEATURING MULTIPLE DISTILLERIES WHERE VISITORS CAN LEARN ABOUT THE ART, SCIENCE, AND HISTORY BEHIND KENTUCKY'S SIGNATURE BOURBON INDUSTRY.
INDUSTRY MEETINGS, CONFERENCES, SPONSORSHIPS, PUBLIC RELATIONS, GOVERNMENT RELATIONS, AND OTHER EDUCATIONAL ACTIVITIES ON BEHALF OF KENTUCKY DISTILLERIES REPRESENTING NEARLY 90% OF THE ENTIRE BOURBON MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gregory President | Officer | 40 | $315,936 |
Chris Morris Secretary/tr | OfficerTrustee | $0 | |
Pauline Rooney Chair | OfficerTrustee | $0 | |
Joseph Magliocco Vice Chair | OfficerTrustee | $0 | |
Ryan Ashley Director | Trustee | $0 | |
Rick Robinson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,284,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,284,145 |
| Total Program Service Revenue | $0 |
| Investment income | $103,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,641 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,797,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,514 |
| Pension plan accruals and contributions | $29,704 |
| Other employee benefits | $71,581 |
| Payroll taxes | $55,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,299 |
| Fees for services: Accounting | $63,729 |
| Fees for services: Lobbying | $130,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $379,484 |
| Office expenses | $56,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,646 |
| Travel | $22,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,649 |
| Interest | $23,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,189 |
| Insurance | $16,440 |
| All other expenses | $6,140 |
| Total functional expenses | $2,146,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,220,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $768,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $7,389 |
| Other assets | $0 |
| Total assets | $2,314,441 |
| Accounts payable and accrued expenses | $61,253 |
| Grants payable | $0 |
| Deferred revenue | $607,301 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $668,554 |
| Net assets without donor restrictions | $1,645,887 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,314,441 |
Grants Awarded
Over the last fiscal year, Kentucky Distillers Association has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Frankfort, KY PURPOSE: GENERAL DONATION | $62,500 |
Frankfort, KY PURPOSE: GENERAL DONATION | $25,000 |
Frankfort, KY PURPOSE: GENERAL DONATION | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |