Civic Intelligence

Bourbon Women Association

EIN 27-4357586 • 501(c)6 • Louisville, KY

Profile

To be an independent resource and inspirational forum for bringing women of all age groups together collectively to share our bourbon affinity.

2301 River Road Suite 102Louisville, KY 40206

bourbonwomen.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.05x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

85th percentile

22%

Higher net margin than 85% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2013

Asset Growth

98th percentile

115%

Faster asset growth than 98% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

80th percentile

22%

Faster revenue growth than 80% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$452,972

Up $191,761 (+73%) from 2023

Liabilities

Up

$36,511

Up $14,241 (+64%) from 2023

Net Assets

Up

$416,461

Up $177,520 (+74%) from 2023

Revenue

Up

$809,900

Up $93,075 (+13%) from 2023

Expenses

Up

$632,380

Up $75,608 (+14%) from 2023

Net Income

Up

$177,520

Up $17,467 (+11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2013: $10,451Liabilities 2013: $46,276Net Assets 2013: -$35,8252013Assets 2014: $34,368Liabilities 2014: $51,158Net Assets 2014: -$16,7902014Assets 2015: $34,922Liabilities 2015: $33,028Net Assets 2015: $1,8942015Assets 2016: $42,151Liabilities 2016: $3,744Net Assets 2016: $38,4072016Assets 2017: $60,218Liabilities 2017: $9,360Net Assets 2017: $50,8582017Assets 2018: $64,255Liabilities 2018: $7,467Net Assets 2018: $56,7882018Assets 2019: $60,447Liabilities 2019: $1,000Net Assets 2019: $59,4472019Assets 2020: $52,963Liabilities 2020: $51,142Net Assets 2020: $1,8212020Assets 2021: $54,171Liabilities 2021: $37,595Net Assets 2021: $16,5762021Assets 2022: $97,961Liabilities 2022: $19,073Net Assets 2022: $78,8882022Assets 2023: $261,211Liabilities 2023: $22,270Net Assets 2023: $238,9412023Assets 2024: $452,972Liabilities 2024: $36,511Net Assets 2024: $416,4612024

Highlighted filing

2024

Assets$452,972
Liabilities$36,511
Net Assets$416,461

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $50,644Expenses 2013: $69,858Net Income 2013: -$19,2142013Revenue 2014: $83,783Expenses 2014: $64,748Net Income 2014: $19,0352014Revenue 2015: $126,394Expenses 2015: $107,710Net Income 2015: $18,6842015Revenue 2016: $161,004Expenses 2016: $124,491Net Income 2016: $36,5132016Revenue 2017: $186,707Expenses 2017: $174,256Net Income 2017: $12,4512017Revenue 2018: $235,490Expenses 2018: $229,560Net Income 2018: $5,9302018Revenue 2019: $279,334Expenses 2019: $283,394Net Income 2019: -$4,0602019Revenue 2020: $119,801Expenses 2020: $177,427Net Income 2020: -$57,6262020Revenue 2021: $390,688Expenses 2021: $375,933Net Income 2021: $14,7552021Revenue 2022: $540,569Expenses 2022: $478,257Net Income 2022: $62,3122022Revenue 2023: $716,825Expenses 2023: $556,772Net Income 2023: $160,0532023Revenue 2024: $809,900Expenses 2024: $632,380Net Income 2024: $177,5202024

Highlighted filing

2024

Revenue$809,900
Expenses$632,380
Net Income$177,520

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$811,611
Mission and Program Overview

Mission

To be an independent resource and inspirational forum for bringing women of all age groups together collectively to share our bourbon affinity.

To be an independent resource and an inspirational forum for bringing women of all age groups together collectively to share our bourbon affinity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$238,941$416,461▲ $177,520
Investments in Publicly Traded Securities$0$380,287▲ $380,287
Savings and Temporary Cash Investments$208,901$0▼ $208,901
Cash and Non-Interest-Bearing Accounts$46,315$40,915▼ $5,400
Pledges and Grants Receivable$2,620$22,138▲ $19,518
Prepaid Expenses and Deferred Charges$3,158$9,632▲ $6,474
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$261,211$452,972▲ $191,761
Other Assets Total$217$0▼ $217
Liabilities
Deferred Revenue$9,915$34,448▲ $24,533
Accounts Payable and Accrued Expenses$12,355$2,063▼ $10,292
Total Liabilities$22,270$36,511▲ $14,241
Net Assets / Fund Balance
Total Net Assets Fund Balance$238,941$416,461▲ $177,520
Total Liabilities and Net Assets / Fund Balance$261,211$452,972▲ $191,761
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heather WibbelsManaging DirectorFT$70,000$70,000
Carol OrmayOperations DirectorFT$24,000$24,000

Board Members and Trustees

NameTitle
Margo HorlanderBoard Chair
Peggy Noe StevensFounder & Chair Emeritus
Susan ReiglerAdvisory Board Member, Past President
Steffani ScheurichVice Chair
Alicia BurtonDirector
Carrie CoeDirector
Erica FieldsDirector
Eulalia HouseDirector
Hamilton ThierschDirector
Kim RiceDirector
Kristy OffittDirector
Nicole FitzpatrickDirector
Sarah BryantDirector
Sarah HackmanDirector
Shauneille PeoplesDirector
Stacy PritchardDirector
Trina SummersDirector
Deb CopelandSecretary
Carol OttoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$144,862
Program Service Revenue
$613,098
Investment Income
$15,407
Other Revenue
$36,533
All Other Contributions
$0
Change in Net Assets
$177,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,380
Salaries, Compensation, and Employee Benefits$70,000
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$172,665
Comp Disqual Persons---$70,000
Insurance---$15,258
Information Technology---$11,900
Advertising---$6,183
Grants to Domestic Orgs---$2,000
Office Expenses---$1,595
Fees for Services Legal---$1,175
Other Expenses---$1,042
All Other Expenses---$712
Conferences and Meetings---$517
Total Functional Expenses$0$0$0$632,380
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,145
Fundraising Direct Expenses$1,711
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Siposium Auction$28,145$28,145$1,711$26,434
Total Events$28,145$28,145$1,711$26,434
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The term limits of Board members and succession were updated. Under the revised bylaws, each director serves until their 3-year term expires. Directors may serve for two (2) consecutive terms. Additionally, there is a provision for extended service for those elected as Vice Chair, allowing them to exceed the standard six-year term limit in order to fulfill the roles of Vice Chair, Chair, and Immediate Past Chair. However, their total service must not exceed eight years. To uphold the Association's consumer-focused mission, the board maintains a restriction that no more than one distillery employee may serve as a director at any given time. This ensures that the board remains representative of its broader membership and avoids potential conflicts of interest.

Form 990, Part VI, Section A, Line 6

There are 3 types of members: Individual members, Individual Lifetime members, and Corporate members. All members receive discounted registration to the various events conducted across the country. Additionally, the membership elects the board of directors from a slate of candidates forwarded from the Nominating Committee.

Form 990, Part VI, Section B, Line 11B

The Form 990 is initially reviewed by the Treasurer for accuracy and completeness. Following this review, the draft return is presented to the Board of Directors for their review and approval prior to submission to the IRS.

Form 990, Part VI, Section B, Line 12C

In accordance with IRS regulations, all public disclosure documents are available to the public upon written request. Interested parties may submit a written inquiry to the organization's principal office address, and documents will be provided promptly as required by law.

Form 990, Part VI, Section C, Line 19

In accordance with IRS regulations, all public disclosure documents are available to the public upon written request. Interested parties may submit a written inquiry to the organization's principal office address, and documents will be provided in a timely manner as required by law.

Filing and Contact Details

Filer

Filer Name
Bourbon Women Association
EIN
27-4357586
Phone
5025749951
Address
2301 River Road Suite 102, Louisville, KY 40206

Signing Officer

Name
Carol Otto
Title
Board of Directors Chair
Phone
5025749951
Signed
2025-11-12

Organization Details

Principal Officer
Hamilton Thiersch
Formed
2010
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Managing Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Operations Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Founder & Chair Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt3Advisory Board Member, Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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