2026-08-13T10:13:53-05:00 2025-09-30 271235638 CHERRY BEKAERT ADVISORY LLC 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2024-10-01 311629357 KENTUCKY DERBY FESTIVAL FOUNDATION KENT 5025893378 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MATT GIBSON PRESIDENT/CEO 5025893378 2026-08-12 1 1 STEPHANIE LEW P01080011 5027491900 2024 2025-03-06 01:10:19Z MATT GIBSON 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 525159 0 X WWW.KDF.ORG X 1998 KY TO PROMOTE AND FURTHER DEVELOP THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND CULTURAL HERITAGE. 28 26 0 100 0 0 328516 523902 0 0 1092 1257 -157374 -227500 172234 297659 28150 34700 0 0 0 0 0 0 19278 86096 114264 114246 148964 57988 148695 250093 369928 40046 1362 210047 368566 X FOUNDED IN 1998, THE KENTUCKY DERBY FESTIVAL FOUNDATION RECEIVES AND MANAGES CHARITABLE CONTRIBUTIONS ON BEHALF OF THE KENTUCKY DERBY FESTIVAL, INC., ITS SUPPORTERS AND THE GENERAL PUBLIC. THE FOUNDATION PERPETUATES THE FESTIVAL'S IMPACT ON THE COMMUNITY BY DEVELOPING PROJECTS THAT HIGHLIGHT THE FESTIVAL'S INFLUENCE ON THE AREA'S CULTURAL HERITAGE. ITS MISSION IS TO FURTHER THE FESTIVAL'S EDUCATIONAL AND CHARITABLE MISSION THROUGH EXHIBITIONS AND PERFORMANCES. THE FOUNDATION ADDS TO THE FESTIVAL'S MISSION OF PROVIDING CREATIVE ENTERTAINMENT THAT ENHANCES THE COMMUNITY. 0 0 51992 34700 PROMOTING AND FURTHER DEVELOPING THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND ITS CULTURAL HERITAGE. 51992 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X TIM WHITTEN 5025723832 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MATTHEW GIBSON PRESIDENT & CEO 5.00 35.00 X X 0 226659 10580 DODIE HOWLETT BOARD MEMBER/EXEC. DIR.(BEGAN 6/2025) 0.50 40.00 X X 0 106169 10580 DAVID NETT IMMEDIATE PAST CHAIR 0.50 0.00 X X 0 0 0 GLENDA THOME CHAIR ELECT (THRU 6/18/25) 0.50 0.00 X X 0 0 0 CRAIG WHITE TREASURER/SECRETARY(BEGAN 6/19/25) 0.50 0.00 X X 0 0 0 DEBRA RAYMAN BOARD MEMBER/CHAIR-ELECT(BEGAN 6/19/25) 0.50 0.00 X X 0 0 0 KEN SELVAGGI BOARD MEMBER/CHAIR(BEGAN 6/19/25) 0.50 0.00 X X 0 0 0 MICHELLE B WHITE BOARD MEMBER/TREASURER(BEGAN 6/19/25) 0.50 0.00 X X 0 0 0 SUZANNE WRIGHT BOARD MEMBER 0.50 3.00 X 0 0 0 MICHELE OBERST SECRETARY/BOARD MEMBER(BEGAN 6/19/25) 0.50 0.00 X 0 0 0 ALFONSO CORNISH BOARD MEMBER 0.50 3.00 X 0 0 0 DOUGLAS CRADDOCK BOARD MEMBER 0.50 0.00 X 0 0 0 BECKY CRUMP BOARD MEMBER 0.50 0.00 X 0 0 0 HELEN DAVIS BOARD MEMBER 0.50 0.00 X 0 0 0 JO GRAVES BOARD MEMBER 0.50 3.00 X 0 0 0 CHERYL GUESS BOARD MEMBER (THRU 6/18/25) 0.50 0.00 X 0 0 0 ROBERT HATFIELD BOARD MEMBER 0.50 0.00 X 0 0 0 JOANNE HURST BOARD MEMBER (FROM 6/19/25) 0.50 3.00 X 0 0 0 VINCENT JAMES BOARD MEMBER 0.50 0.00 X 0 0 0 CAROLLE CLAY BOARD MEMBER 0.50 3.00 X 0 0 0 CHADWICK MCTIGHE BOARD MEMBER 0.50 0.00 X 0 0 0 AMY NALL BOARD MEMBER 0.50 0.00 X 0 0 0 ROY POTTS BOARD MEMBER 0.50 0.00 X 0 0 0 ERIN RASINEN BOARD MEMBER 0.50 3.00 X 0 0 0 TRACY BARBER BOARD MEMBER 0.50 0.00 X 0 0 0 SHANNON ADKINS BOARD MEMBER (THRU 6/18/25) 0.50 0.00 X 0 0 0 MELODY MURPHY BOARD MEMBER (THRU 6/18/25) 0.50 0.00 X 0 0 0 LOUIS I WATERMAN BOARD MEMBER 0.50 3.00 X 0 0 0 SHARI BROECKER BOARD MEMBER (FROM 6/19/25) 0.50 0.00 X 0 0 0 BILL FISHER BOARD MEMBER (FROM 6/19/25) 0.50 3.00 X 0 0 0 WILL FENESTERER BOARD MEMBER (FROM 6/19/25) 0.50 0.00 X 0 0 0 JEREMY JARVI BOARD MEMBER (FROM 6/19/25) 0.50 0.00 X 0 0 0 TIMOTHY WHITTEN CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 100723 10580 0 433551 31740 0 0 1 0 0 19650 379263 65000 59989 523902 1257 1257 0 379263 227500 -227500 -227500 297659 0 0 -226243 34700 34700 8925 8925 9601 9601 22819 1058 21761 7500 7500 3419 137 3282 PAYROLL REIMBURSEMENT 62000 8597 34125 19278 148964 51992 77694 19278 112749 176364 16786 17650 7500 52570 17488 17557 0 0 95570 105787 250093 369928 362 4350 1000 35696 0 40046 1362 X 210047 368566 210047 368566 250093 369928 148695 9824 0 X X 0 1 X 1 0 X 224095 179417 200681 328516 523902 1456611 16944 16944 224095 179417 217625 328516 523902 1473555 72500 97500 60000 65000 295000 0 72500 97500 60000 65000 295000 1178555 715 499 1162 1092 1257 4725 715 499 1162 1092 1257 4725 224810 179916 218787 329608 525159 1478280 0.79720 0.77350 0.00320 0.00400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 534983 9824 227500 237324 297659 0 297659 376464 227500 227500 148964 0 148964 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION EVALUATES UNCERTAIN INCOME TAX POSITIONS USING A MORE-LIKELY-THAN-NOT APPROACH AND RECOGNIZES INTEREST RELATED TO UNCERTAINTIES IN INCOME TAXES, IF ANY, IN INTEREST EXPENSE IN THE STATEMENTS OF ACTIVITIES. NO LIABILITIES FOR UNCERTAIN TAX POSITIONS HAVE BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES FROM SPECIAL EVENTS 227,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES FROM SPECIAL EVENTS 227,500. FILLIES BALL 342340 342340 78377 7550 79559 STEM COMPETITION 35000 35000 3647 20515 377340 377340 78377 11197 100074 189648 -189648 0 0 0 0 0 0 0 0 0 MATTHEW GIBSON PRESIDENT & CEO 0 226659 0 0 0 0 0 0 0 10580 0 237239 0 0 PART I, LINE 3 THE CEO/EXECUTIVE DIRECTOR'S COMPENSATION IS PAID BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING RESOURCES TO ESTABLISH THE COMPENSATION OF THE RELATED ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: 1. COMPENSATION COMMITTEE 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 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 FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW. ONCE THE COMMENTS FROM THE BOARD ARE REVIEWED THE FINAL DRAFT OF THE RETURN IS PREPARED 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. PERIODIC REVIEWS 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. 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, 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 OVERSIGHT PROCESS OR SELECTION PROCESS FROM THE PREVIOUS YEAR. KENTUCKY DERBY FESTIVAL INC 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 610713833 PROVIDES EVENTS TO PROMOTE SOCIAL WELFARE. KY 501(C)(4) N/A N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0