Nonprofit · EIN 31-1023459
KENTUCKY DERBY MUSEUM CORPORATION
Tax-exempt · LOUISVILLE, KY 40221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $8,602,301 | $7,678,791 | $923,510 | $42,998,837 | $840,818 | $42,158,019 |
| September 30, 2024 | 990 | $9,249,215 | $8,357,943 | $891,272 | $41,138,988 | $1,757,333 | $39,381,655 |
| September 30, 2023 | 990 | $9,640,738 | $7,750,983 | $1,889,755 | $35,180,528 | $662,099 | $34,518,429 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,538,697
- Program service revenue
- $4,357,745
- Investment income
- $926,952
- Net rental income
- $576,087
- Net gain from sales of assets
- $225,037
- Net income from fundraising events
- $14,151
- Net income from sales of inventory
- $1,125,839
- Other revenue
- $1,778,907
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $422,604
- Other salaries and wages
- $2,354,240
- Salaries, compensation and benefits (total)
- $3,396,268
- Professional fundraising fees
- $0
- Legal fees
- $17,510
- Accounting fees
- $24,700
- Occupancy
- $1,090,912
- Travel
- $55,587
- Depreciation
- $658,013
- Program services (functional)
- $5,749,053
- Management and general (functional)
- $1,694,974
- Fundraising (functional)
- $234,764
Balance sheet and other
- Total assets, start of year
- $41,138,988
- Total assets, end of year
- $42,998,837
- Total liabilities, end of year
- $840,818
- Net assets, end of year
- $42,158,019
- Land, buildings and equipment
- $14,104,161
- Publicly traded securities
- $26,079,174
- Net assets without donor restrictions
- $42,158,019
- Gross unrelated business income
- $817,179
- Gross receipts
- $13,170,141
- Employees
- 149
- Volunteers
- 40
- Year formed
- 1981
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK ARMSTRONG | PRESIDENT & CEO Officer | 40 | $278,658 | $17,401 |
| KATIE FUSSENEGGER | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 40 | $175,039 | $14,903 |
| DENNIS BURCH | SENIOR DIRECTOR OF ACCOUNTING & FINANCE Officer | 40 | $115,825 | $10,719 |
| KRISTINA GERARD | SENIOR DIRECTOR OF RETAIL OPERATIONS Highest-paid employee | 40 | $113,019 | $12,717 |
| JEFF KENNEDY | SENIOR DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $115,825 | $9,761 |
| CHRIS GOODLETT | SENIOR DIRECTOR OF CURATORIAL AND EDUCATION Highest-paid employee | 40 | $102,548 | $10,065 |
| JA HILLENBRAND | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| HAROLD WORKMAN | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| ANITA EBERT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| TODD SPENCER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MIKE ANDERSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARK BACON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLEO BATTLE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LISA BENSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TYLER BLISS | DIRECTOR Trustee or director | 5 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHONDA JO CONNER | DIRECTOR Trustee or director | 5 | $0 |
| PAT DAY | DIRECTOR Trustee or director | 5 | $0 |
| CRAIG DILGER | DIRECTOR Trustee or director | 5 | $0 |
| MIKE GUENTHNER | DIRECTOR Trustee or director | 5 | $0 |
| JOSH HEIRD | DIRECTOR Trustee or director | 5 | $0 |
| BRIANA LATHON BLUFORD | DIRECTOR Trustee or director | 5 | $0 |
| BRAD MAUDLIN | DIRECTOR Trustee or director | 5 | $0 |
| DAVID NETT | DIRECTOR Trustee or director | 5 | $0 |
| EAMON O'BRIEN | DIRECTOR Trustee or director | 5 | $0 |
| MASON RUMMEL | DIRECTOR Trustee or director | 5 | $0 |
| SEEMA SHETH | DIRECTOR Trustee or director | 5 | $0 |
| ASHLY DAVIS-SIGMAN | DIRECTOR Trustee or director | 5 | $0 |
| MARITA WILLIS | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended September 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK ARMSTRONG | PRESIDENT & CEO Officer | 40 | $247,813 | $8,333 |
| KATIE FUSSENEGGER | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 40 | $148,935 | $13,981 |
| DENNIS BURCH | SENIOR DIRECTOR OF ACCOUNTING & FINANCE Officer | 40 | $120,625 | $6,700 |
| JEFF KENNEDY | SENIOR DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $104,204 | $10,901 |
| DAVID NETT | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| GLENN HAYGOOD | PAST CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| TODD SPENCER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BRIANA LATHON | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MIKE ANDERSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARK BACON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JILL BAFFERT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TAWANA BAIN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLEO BATTLE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BILL BEAM JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LISA BENSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RHONDA JO CONNER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ASHLY DAVIS-SIGMAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAT DAY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CRAIG DILGER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ANITA EBERT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STEVE ESTEPP | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLINTON GLASSCOCK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MIKE GUENTHNER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRANDY HARMON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LOREN HEBEL-OSBORNE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOSH HEIRD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JA HILLENBRAND | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL JUDAH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| EAMON O'BRIEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MASON RUMMEL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SEEMA SHETH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| EDEN BRIDGEMAN SKLENAR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| FRANK THOMPSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HAROLD WORKMAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended September 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK ARMSTRONG | PRESIDENT & CEO Officer | 40 | $217,813 | $15,361 |
| GLENN HAYGOOD | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DAVID NETT | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| TODD SPENCER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BRIANA N LATHON JD | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MIKE ANDERSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LISA BENSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JILL BAFFERT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TAWANA BAIN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLEO BATTLE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BILL BEAM JR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ANITA EBERT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STEVE ESTEPP | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CLINTON GLASSCOCK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRANDY HARMON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LOREN HEBEL-OSBORNE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JA HILLEBRAND | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL JUDAH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RHONDA JO CONNER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MASON RUMMEL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| EDEN BRIDGEMAN SKLENAR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HAROLD WORKMAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CRAIG DILGER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| FRANK THOMPSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 21177, LOUISVILLE, KY 40221-0177
- In care of
- % PATRICK ARMSTRONG
- Principal officer (990 for 2024)
- PATRICK ARMSTRONG, PO BOX 21177, LOUISVILLE, KY 402210177
- Signed the 990
- PATRICK ARMSTRONG, PRESIDENT AND CEO
- Phone
- (502) 637-1111
- Website
- WWW.DERBYMUSEUM.ORG
- Return prepared by
- LBMC PC
Mission
TO ENGAGE, EDUCATE, AND EXCITE EVERYONE ABOUT THE EXTRAORDINARY EXPERIENCE THAT IS THE KENTUCKY DERBY!
Program accomplishments
- THE MUSEUM'S EXHIBITS DOCUMENT THE HISTORY AND TRADITION OF THE KENTUCKY DERBY, CHURCHILL DOWNS AND THOROUGHBRED RACING. IN ADDITION, THE MUSEUM OFFERS A FREE KIDS PROGRAM TO ALL PUBLIC AND PAROCHIAL SCHOOLS IN INDIANA AND KENTUCKY. THE MUSEUM ALSO HAS AN OUTREACH PROGRAM THAT TRAVELS TO COMMUNITIES WITHIN KENTUCKY TO EDUCATE KENTUCKY YOUTH ABOUT THE ECONOMICS, HISTORY AND SIGNIFICANCE OF THE KENTUCKY DERBY.Expenses $5,749,053 · revenue $5,305,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 31-1023459
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $42,998,837
- Income (IRS master file)
- $13,170,141
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $8,602,301 | $7,678,791 | $42,998,837 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $9,249,215 | $8,357,943 | $41,138,988 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $9,640,738 | $7,750,983 | $35,180,528 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1023459).
Questions about KENTUCKY DERBY MUSEUM CORPORATION
- What is the EIN of KENTUCKY DERBY MUSEUM CORPORATION?
- The employer identification number (EIN) of KENTUCKY DERBY MUSEUM CORPORATION is 31-1023459.
- Is KENTUCKY DERBY MUSEUM CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to KENTUCKY DERBY MUSEUM CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY DERBY MUSEUM CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KENTUCKY DERBY MUSEUM CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY DERBY MUSEUM CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of KENTUCKY DERBY MUSEUM CORPORATION?
- The 990 for the year ended September 30, 2025 names PATRICK ARMSTRONG.
- Who are the officers and directors of KENTUCKY DERBY MUSEUM CORPORATION?
- The 990 for the year ended September 30, 2025 lists 28 people; 6 received compensation from the organization, the highest $278,658 (PATRICK ARMSTRONG, PRESIDENT & CEO).
- How much revenue does KENTUCKY DERBY MUSEUM CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $8,602,301, expenses of $7,678,791 and total assets of $42,998,837 at year end.
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