2026-08-06T12:44:13-05:00 2025-09-30 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2024-10-01 610713833 KENTUCKY DERBY FESTIVAL INC KENT 5025846383 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MATT GIBSON PRESIDENT/CEO 5025846383 2026-08-06 1 1 MELANIE MCPEAK P01346034 8885871719 2024 2025-03-06 01:10:19Z MATT GIBSON 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 8083941 0 X WWW.KDF.ORG X 1957 KY PROVIDE KENTUCKY DERBY FESTIVAL EVENTS TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA. 67 66 24 2500 0 0 0 0 7971214 6577071 248039 659886 33870 72959 8253123 7309916 60000 65000 0 0 1937093 2006709 0 0 1145045 6119026 4743771 8116119 6815480 137004 494436 6291584 6850608 2618725 2887995 3672859 3962613 X PROVIDE CREATIVE AND UNIQUE ENTERTAINMENT AND COMMUNITY SERVICE FOR THE PEOPLE OF THE GREATER LOUISVILLE AREA THAT DIRECTLY CONTRIBUTES TO THE AESTHETIC, CULTURAL, EDUCATIONAL, CHARITABLE AND ECONOMIC DEVELOPMENT OF THE AREA. WE WILL ORGANIZE, PROMOTE AND CONDUCT EVENTS USING THE COLLECTIVE EFFORTS AND RESOURCES OF VOLUNTEERS, SMALL AND LARGE BUSINESSES, NON-PROFIT ORGANIZATIONS AND GOVERNMENTAL ENTITIES TO ENHANCE THE POSITIVE INTERNATIONAL RECOGNITION, ECONOMIC AND CULTURAL DEVELOPMENT, AND COMMUNITY IMAGE OF THE GREATER LOUISVILLE AREA. 0 0 4355064 65000 6635759 PROVIDED KENTUCKY DERBY FESTIVAL EVENTS, INCLUDING THUNDER OVER LOUISVILLE, PEGASUS PARADE, BASKETBALL GAME, STEAMBOAT RACE, ETC. TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA AND THROUGHOUT THE STATE. 4355064 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 28 0 1 24 1 0 0 0 0 0 0 0 0 X 67 66 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X MATT GIBSON 5025723834 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MATTHEW GIBSON PRESIDENT & CEO 35.00 5.00 X X 226659 0 10580 ERIN RASINEN IMMEDIATE PAST CHAIR (THRU 6/11/25) 3.00 0.50 X X 0 0 0 ALFONSO CORNISH CHAIR/IMMEDIATE PAST CHAIR (FROM 6/11/25) 3.00 0.50 X X 0 0 0 LOUIS WATERMAN CHAIR ELECT/CHAIR (FROM 6/11/25) 3.00 0.50 X X 0 0 0 BILL FISHER VICE CHAIR/CHAIR ELECT (FROM 6/11/25) 3.00 0.50 X X 0 0 0 LES FUGATE SECRETARY/VICE CHAIR (FROM 6/11/25) 3.00 0.00 X X 0 0 0 MIKE GANDOLFO TREASURER (FROM 6/11/25) 3.00 0.00 X X 0 0 0 REBECCA WOOD TREASURER/SECRETARY (FROM 6/11/25) 3.00 0.00 X X 0 0 0 DAVID BECK BOARD MEMBER 3.00 0.00 X 0 0 0 JILL BELL BOARD MEMBER 3.00 0.00 X 0 0 0 DAVID BINGHAM BOARD MEMBER (THRU 6/11/25) 3.00 0.00 X 0 0 0 MIKE CAMPBELL BOARD MEMBER 3.00 0.00 X 0 0 0 PAUL CARROLL BOARD MEMBER 3.00 0.00 X 0 0 0 CAROLLE CLAY BOARD MEMBER 3.00 0.50 X 0 0 0 LISA COLUMBIA BOARD MEMBER 3.00 0.00 X 0 0 0 DEREK COWHERD BOARD MEMBER 3.00 0.00 X 0 0 0 J DELANEY BOARD MEMBER 3.00 0.00 X 0 0 0 WILL DONALDSON BOARD MEMBER 3.00 0.00 X 0 0 0 GARY FRIEDMAN BOARD MEMBER 3.00 0.00 X 0 0 0 STEVE ANDRIOT BOARD MEMBER 3.00 0.00 X 0 0 0 COL JOHN AUBREY BOARD MEMBER (THRU 6/11/25) 3.00 0.00 X 0 0 0 LANCE GEORGE BOARD MEMBER 3.00 0.00 X 0 0 0 MARINA GONZALEZ BOARD MEMBER 3.00 0.00 X 0 0 0 ALLISON GOUSHA BOARD MEMBER 3.00 0.00 X 0 0 0 JO GRAVES BOARD MEMBER 3.00 0.00 X 0 0 0 DARREN HOBBS BOARD MEMBER 3.00 0.00 X 0 0 0 MARY IRBY-JONES BOARD MEMBER 3.00 0.00 X 0 0 0 JANET LIVELY MCCAULEY BOARD MEMBER 3.00 0.00 X 0 0 0 MIKE MANGEOT BOARD MEMBER 3.00 0.00 X 0 0 0 TIM MCGURK BOARD MEMBER 3.00 0.00 X 0 0 0 ANDY MURPHY BOARD MEMBER 3.00 0.00 X 0 0 0 DWIGHT NEWTON BOARD MEMBER 3.00 0.00 X 0 0 0 CAROL NORD BOARD MEMBER 3.00 0.00 X 0 0 0 JOHN O'BRIEN BOARD MEMBER 3.00 0.00 X 0 0 0 JASON O'DANIEL BOARD MEMBER 3.00 0.00 X 0 0 0 MIKE PARRINO BOARD MEMBER 3.00 0.00 X 0 0 0 BARBARA PORTER BOARD MEMBER 3.00 0.00 X 0 0 0 CASEY RAMAGE BOARD MEMBER 3.00 0.00 X 0 0 0 DEBBIE ROBERSON BOARD MEMBER 3.00 0.00 X 0 0 0 DONNA SALAS BOARD MEMBER 3.00 0.00 X 0 0 0 RYAN SIENKOWSKI BOARD MEMBER 3.00 0.00 X 0 0 0 MARIA SMITH BOARD MEMBER 3.00 0.00 X 0 0 0 MEGAN THOBEN BOARD MEMBER 3.00 0.00 X 0 0 0 CORENZA TOWNSEND BOARD MEMBER 3.00 0.00 X 0 0 0 NANCY TRAFTON BOARD MEMBER 3.00 0.00 X 0 0 0 CHAD WAGGONER BOARD MEMBER 3.00 0.00 X 0 0 0 JOEY WAGNER BOARD MEMBER 3.00 0.00 X 0 0 0 KELLIE WATSON BOARD MEMBER 3.00 0.00 X 0 0 0 PHILLIP BAKER BOARD MEMBER 3.00 0.00 X 0 0 0 STACEY YATES BOARD MEMBER 3.00 0.00 X 0 0 0 MAURICE BROWN BOARD MEMBER 3.00 0.00 X 0 0 0 CAROLINE CLARK BOARD MEMBER 3.00 0.00 X 0 0 0 DIOR COTTEN BOARD MEMBER 3.00 0.00 X 0 0 0 JOANNE HURST BOARD MEMBER (THRU 6/11/25) 3.00 0.50 X 0 0 0 BILL LAMB BOARD MEMBER (FROM 2/5/25) 3.00 0.00 X 0 0 0 HANK MANGEOT BOARD MEMBER 3.00 0.00 X 0 0 0 BRITTNEY MONTEITH BOARD MEMBER (THRU 6/11/25) 3.00 0.00 X 0 0 0 JENNI SCHELLING BOARD MEMBER 3.00 0.00 X 0 0 0 DEAN SCHLADER BOARD MEMBER 3.00 0.00 X 0 0 0 JOE SIMONEIT BOARD MEMBER 3.00 0.00 X 0 0 0 ALFRED SMITH BOARD MEMBER 3.00 0.00 X 0 0 0 ALYSSA UPTON BOARD MEMBER 3.00 0.00 X 0 0 0 SUZANNE WRIGHT BOARD MEMBER 3.00 0.50 X 0 0 0 NICOLE YATES BOARD MEMBER 3.00 0.00 X 0 0 0 SHANNON ADKINS BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 BRIAN ATCHER BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 RICK BLACKWELL BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 ROBERT FRANK BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 SWANNIE JETT BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 MICHAEL SADOFSKY BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 KYALA WILLIAMS BOARD MEMBER (FROM 6/11/25) 3.00 0.00 X 0 0 0 ROBERT HECHT BOARD MEMBER (THRU 6/25) 3.00 0.00 X 0 0 0 DAVID VOGEL BOARD MEMBER (THRU 6/25) 3.00 0.00 X 0 0 0 JUSTIN WALKER BOARD MEMBER 3.00 0.00 X 0 0 0 DAN WASSERZUG BOARD MEMBER (THRU 6/11/25) 3.00 0.00 X 0 0 0 TIMOTHY WHITTEN CHIEF FINANCIAL OFFICER 35.00 5.00 X 100723 0 10580 APRIL ZIK MARKETING MANAGER 40.00 0.00 X 170469 0 10580 DODIE HOWLETT VP OF MARKETING 40.00 0.50 X 106169 0 10580 JOANNIE LEPPING GILLIS SPONSORSHIP MGR. 40.00 0.00 X 117897 0 10580 AIMEE BOYD VP OF COMMUNICATIONS 40.00 0.00 X 104766 0 10580 826683 0 63480 6 0 1 0 VIMARC 1205 E WASHINGTON ST LOUISVILLE KY 40206 MARKETING 573947 ZAMBELLI INTERNATIONAL 120 MARSHALL WARRENDALE PA 15086 FIREWORKS 297000 VISUAL PRESENTATIONS 6410 REGAL RD LOUISVILLE KY 40204 SHOW PRODUCTION 183029 3 FESTIVAL EVENTS 900099 4940250 4940250 CORPORATE MEMBERSHIPS 900099 1636821 1636821 6577071 143268 143268 1271484 754866 516618 516618 516618 16046 1775 14271 14271 76072 17384 58688 58688 7309916 6635759 0 674157 X 65000 65000 387912 387912 1255572 459284 346899 449389 237866 73326 92820 71720 125359 35489 55158 34712 22313 22313 37436 37436 414219 329872 84347 616320 616320 87857 69212 18645 175576 63151 97819 14606 66926 54400 12526 13483 13067 416 53228 53228 56790 16077 24988 15725 159598 134727 24871 HOSPITALITY, ENTERTAINM 524299 524299 EVENT EQUIPMENT & SUPPL 505540 505540 OTHER PROGRAM COSTS 450885 450885 SPONSOR BENEFITS 303555 303555 1255746 944415 55993 255338 6815480 4355064 1315371 1145045 910675 863937 516919 388915 82906 99979 2001 29586 93990 203901 2018752 1522781 416519 495971 3934604 4458097 100292 99978 233678 210244 6291584 6850608 123929 116868 312456 660056 2182340 2111071 2618725 2887995 X 3672859 3962613 3672859 3962613 6291584 6850608 494436 -204682 0 X X 0 1 X 1 0 104790 104790 1162576 913593 248983 751386 609188 142198 495971 POST EMPLOYMENT BENEFIT PAYABLE 210244 SBA LOAN 1900827 2111071 X 7086957 -204682 19159 -185523 7272480 37436 37436 7309916 6797203 19159 19159 6778044 37436 37436 6815480 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE COD ("IRC") AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. WHEN APPLICABLE, THE ORGANIZATION EVALUATES UNCERTAIN INCOME TAX POSITIONS USING A MORE LIKELY THAN NOT APPROACH AND RECOGNIZES INTEREST RELATED TO UNCERTAIN INCOME TAX POSITIONS, IF ANY, IN INTEREST EXPENSE IN THE STATEMENTS OF ACTIVITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,775. COST OF GOODS SOLD 17,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 1,775. COST OF GOODS SOLD 17,384. 16046 1310 465 0 16046 1310 465 1775 14271 KY 1 0 0 0 1.00000 TIMOTHY A WHITTEN 1001 S THIRD STREET LOUISVILLE KY 40203 0 TIMOTHY A WHITTEN MANAGED THE OVERALL OPERATION OF THE GAME FROM REGISTRATION TO CLEANING UP AFTERWARD. X 0 1 KENTUCKY DERBY FESTIVAL FOUNDATION 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 311629357 501(C)(3) 65000 0 TO FUND EVENTS AND PROVIDE GENERAL SUPPORT 1 0 PART I, LINE 2: RECIPIENT ORGANIZATION IS A RELATED ORGANIZATION WITH SOME COMMON BOARD MEMBERS. THEREFORE, THE ORGANIZATION'S USE OF THE FUNDS IS CLOSELY MONITORED WHEN REVIEWING FINANCIAL REPORTS OF BOTH ENTITIES. X X X 0 0 0 0 0 0 0 0 0 MATTHEW GIBSON PRESIDENT & CEO 226659 0 0 0 0 0 0 0 10580 0 237239 0 0 0 APRIL ZIK MARKETING MANAGER 170469 0 0 0 0 0 0 0 10580 0 181049 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE RETURN IS REVIEWED FIRST BY INTERNAL MANAGEMENT. AFTER INTERNAL MANAGEMENT HAS REVIEWED THE RETURN AND ANY CHANGES ARE MADE A DRAFT IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. ONCE THE COMMENTS FROM THE EXECUTIVE BOARD ARE REVIEWED THE FINAL DRAFT OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD AND SIGNED BY THE SIGNING OFFICER. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF THE BOARD OF DIRECTORS SHALL ANNUALLY SIGN A STATEMENT WHICH STATES THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTAND THE POLICY, AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE AUDIT COMMITTEE OF THE ORGANIZATION SHALL BE TASKED WITH REVIEWING AND MAKING DETERMINATIONS ON ALL ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. THE AUDIT COMMITTEE SHALL REPORT ITS FINDINGS TO THE EXECUTIVE BOARD OF THE ORGANIZATION. IF A DETERMINATION CANNOT BE MADE BY THE AUDIT COMMITTEE, THE EXECUTIVE BOARD SHALL MAKE A FINAL DETERMINATION ON THE ISSUE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PERIODIC REVIEW WILL BE MADE TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION TERMINATES ALL ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY THE INTERNATIONAL FESTIVAL AND EVENTS ASSOCIATION. THE COMPENSATION COMMITTEE APPROVES THE PRESIDENT/CEO'S SALARY BASED OFF OF THE INFORMATION OBTAINED. THE PRESIDENT/CEO AND THE EXECUTIVE BOARD CONSIDERS EXPERIENCE AND YEARLY EVALUATIONS AND APPROVES THE COMPENSATION FOR ALL OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE FILING ORGANIZATION'S OFFICE. FORM 990, PART IX, LINE 24E COMMISSIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 255,338. TOTAL EXPENSES 255,338. SOUND AND AUDIO: PROGRAM SERVICE EXPENSES 212,008. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,008. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 198,321. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 198,321. UNIFORMS AND APPAREL: PROGRAM SERVICE EXPENSES 172,752. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 172,752. AWARDS: PROGRAM SERVICE EXPENSES 102,393. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,393. SITE RENTAL: PROGRAM SERVICE EXPENSES 81,186. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,186. SECURITY: PROGRAM SERVICE EXPENSES 71,688. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,688. BARRICADES: PROGRAM SERVICE EXPENSES 53,663. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,663. BANNERS AND DECORATIONS: PROGRAM SERVICE EXPENSES 44,577. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,577. OTHER ADMIN COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 35,534. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,534. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 7,827. MANAGEMENT AND GENERAL EXPENSES 7,559. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,386. VEHICLE OPERATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,069. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,069. EDUCATION AND TRAINING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,831. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,831. FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. KENTUCKY DERBY FESTIVAL FOUNDATION 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 311629357 PROMOTING AND DEVELOPING THE INTEREST OF THE GENERAL PUBLIC. KY 501(C)(3) LINE 10 KENTUCKY DERBY FESTIVAL INC 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 KENTUCKY DERBY FESTIVAL FOUNDATION Q 70000 COST KENTUCKY DERBY FESTIVAL FOUNDATION B 65000 FMV KENTUCKY DERBY FESTIVAL FOUNDATION E 52570 FMV