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Nonprofiteer
← KENTUCKY BAPTIST ASSEMBLIES INC

Form 990 for tax year 2024

Filed by KENTUCKY BAPTIST ASSEMBLIES INC.

Totals

Total revenue
$11,399,310
Total expenses
$9,104,188
Contributions and grants received
$754,771
Grants paid
$0
Program service revenue
$10,463,901
Investment income
$178,745
Other revenue
$1,893
Total assets, end of year
$27,722,773
Total liabilities, end of year
$3,661,891
Net assets or fund balances, end of year
$24,060,882
Program services expenses (Part IX)
$7,909,685
Management and general expenses
$1,008,934
Fundraising expenses
$185,569
Program service expenses (Part III)
$7,909,685

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $440,679

  • 1f · All other contributions, gifts and grants

    $314,092

  • 1g · Noncash contributions included above

    $20,369

  • 2a · Program service revenue: CAMPS AND CONFERENCES INCOME

    total $9,679,230 · related or exempt $9,679,230

  • 2b · Program service revenue: CONCESSION INCOME

    total $784,671 · related or exempt $784,671

  • 3 · Investment income

    total $197,878 · related or exempt $197,878

  • 7a · Gross sales of assets other than inventory

    other assets $6,185

  • 7b · Less cost or other basis and sales expenses

    other assets $25,318

  • 7c · Gain or loss

    other assets -$19,133

  • 7d · Net gain or loss

    total -$19,133 · related or exempt -$19,133

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,893 · related or exempt $1,893

  • 11e · Other revenue, total

    $1,893

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $277,890 · management and general $277,890

  • 7 · Other salaries and wages

    total $2,441,530 · program services $2,054,645 · management and general $268,197 · fundraising $118,688

  • 8 · Pension plan contributions

    total $125,461 · program services $77,232 · management and general $41,286 · fundraising $6,943

  • 9 · Other employee benefits

    total $340,743 · program services $235,721 · management and general $90,144 · fundraising $14,878

  • 10 · Payroll taxes

    total $189,180 · program services $158,718 · management and general $30,462

  • 11c · Fees: accounting

    total $56,207 · program services $6,312 · management and general $49,895

  • 12 · Advertising and promotion

    total $370,794 · program services $319,634 · management and general $51,160

  • 13 · Office expenses

    total $121,386 · program services $89,303 · management and general $32,083

  • 16 · Occupancy

    total $907,468 · program services $874,993 · management and general $32,475

  • 17 · Travel

    total $88,143 · program services $81,408 · management and general $6,735

  • 20 · Interest

    total $135,546 · program services $133,138 · management and general $2,408

  • 22 · Depreciation, depletion and amortization

    total $1,290,643 · program services $1,266,975 · management and general $23,668

  • 23 · Insurance

    total $258,557 · program services $225,835 · management and general $32,722

  • 24a · Other expenses: FOOD

    total $927,529 · program services $906,737 · management and general $20,792

  • 24b · Other expenses: COST OF GOODS SOLD

    total $476,201 · program services $476,201

  • 24c · Other expenses: SUPPLIES

    total $345,032 · program services $339,149 · management and general $5,883

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $284,723 · program services $284,537 · management and general $186

  • 24e · All other expenses

    total $467,155 · program services $379,147 · management and general $42,948 · fundraising $45,060

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $946,750 · end of year $1,227,418

  • 2 · Savings and temporary cash investments

    beginning of year $2,530,213 · end of year $2,928,632

  • 4 · Accounts receivable

    beginning of year $54,727 · end of year $41,025

  • 8 · Inventories for sale or use

    beginning of year $80,397 · end of year $30,926

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,439 · end of year $100,780

  • 10a · Land, buildings and equipment: cost or other basis

    $40,927,483

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,728,187

  • 10c · Land, buildings and equipment, net

    beginning of year $21,447,603 · end of year $23,199,296

  • 12 · Investments: other securities

    beginning of year $150,861 · end of year $194,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,257 · end of year $630,210

  • 19 · Deferred revenue

    beginning of year $206,086 · end of year $243,765

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,095,237 · end of year $2,787,916

  • 27 · Net assets without donor restrictions

    beginning of year $21,440,762 · end of year $23,714,003

  • 28 · Net assets with donor restrictions

    beginning of year $311,648 · end of year $346,879

Mission and programs · 2024

Mission

TO CREATE EXPERIENCES TO PROCLAIM THE GOSPEL. TO PROVIDE FACILITIES AND SERVICES IN AN ENVIRONMENT CONDUCIVE FOR THE CONDUCT OF EVENTS FOCUSED ON EVANGELISM, WORSHIP, RELIGIOUS EDUCATION, AND CHRISTIAN FELLOWSHIP.

  • CEDARMORE CAMP AND CONFERENCE CENTER OFFERS A VARIETY OF HOUSING, CONFERENCE SPACE, AND RECREATION POSSIBILITIES FOR GROUPS AS LARGE AS 800 IN A CHRISTIAN ENVIRONMENT.

    Expenses $3,763,971 · Revenue $5,277,183

  • JONATHAN CREEK CAMP AND CONFERENCE CENTER OFFERS A VARIETY OF HOUSING, CONFERENCE SPACE,AND RECREATION POSSIBILITIES FOR GROUPS AS LARGE AS 780 IN A CHRISTIAN ENVIRONMENT.

    Expenses $3,470,593 · Revenue $4,723,584

  • DAY CAMP AND TRAVEL CAMPS. DAY CAMPS AND TRAVEL CAMPS PROVIDE SIMILAR CHRISTIAN EVANGELISTIC, WORSHIP, AND FELLOWSHIP OPPORTUNITIES IN THE CITY OF LOUISVILLE AND OTHER LOCATIONS OUTSIDE OF OUR TRADITIONAL PROPERTIES.

    Expenses $675,121 · Revenue $505,863

As filed on the 2024 return.

Listed in Part VII

  • Dan Renick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Hussung

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Ringstaff

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matt Briggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe James

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Cobb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kris Billiter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Dunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Flanagan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Jackson

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Parker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lance Howerton

    PRESIDENT / CEO

    Total calculated
    $226,264
    From this org
    $144,259
    From related orgs
    $0
    Other
    $82,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,259
    Bonus
    $0
    Other
    $0
    Deferred
    $43,781
    Nontaxable benefits
    $38,224
    Filer's total
    $226,264

  • Daniel Talcott

    DIRECTOR OF BUSINESS MANAG

    Total calculated
    $152,479
    From this org
    $133,631
    From related orgs
    $0
    Other
    $18,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,631
    Bonus
    $0
    Other
    $0
    Deferred
    $9,346
    Nontaxable benefits
    $9,502
    Filer's total
    $152,479

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523169349300547

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