Nonprofit · EIN 31-1629357
KENTUCKY DERBY FESTIVAL FOUNDATION INC
Tax-exempt · LOUISVILLE, KY 40203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $297,659 | $148,964 | $148,695 | $369,928 | $1,362 | $368,566 |
| September 30, 2024 | 990 | $172,234 | $114,246 | $57,988 | $250,093 | $40,046 | $210,047 |
| September 30, 2023 | 990 | $218,787 | $114,753 | $104,034 | $132,599 | $3,350 | $129,249 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $523,902
- Membership dues
- $19,650
- Program service revenue
- $0
- Investment income
- $1,257
- Net income from fundraising events
- -$227,500
- Other revenue
- -$227,500
Expenses
- Grants and similar amounts paid
- $34,700
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,925
- Occupancy
- $7,500
- Program services (functional)
- $51,992
- Management and general (functional)
- $77,694
- Fundraising (functional)
- $19,278
Balance sheet and other
- Total assets, start of year
- $250,093
- Total assets, end of year
- $369,928
- Total liabilities, end of year
- $1,362
- Net assets, end of year
- $368,566
- Publicly traded securities
- $105,787
- Net assets without donor restrictions
- $368,566
- Gross receipts
- $525,159
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1998
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 | $226,659 | $10,580 |
| DODIE HOWLETT | BOARD MEMBER/EXEC. DIR.(BEGAN 6/2025) Trustee or director, Officer | 0.5 | $0 | $106,169 | $10,580 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $100,723 | $10,580 |
| DAVID NETT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GLENDA THOME | CHAIR ELECT (THRU 6/18/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CRAIG WHITE | TREASURER/SECRETARY(BEGAN 6/19/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DEBRA RAYMAN | BOARD MEMBER/CHAIR-ELECT(BEGAN 6/19/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KEN SELVAGGI | BOARD MEMBER/CHAIR(BEGAN 6/19/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHELLE B WHITE | BOARD MEMBER/TREASURER(BEGAN 6/19/25) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUZANNE WRIGHT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHELE OBERST | SECRETARY/BOARD MEMBER(BEGAN 6/19/25) Trustee or director | 0.5 | $0 | $0 | $0 |
| ALFONSO CORNISH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUGLAS CRADDOCK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BECKY CRUMP | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| HELEN DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JO GRAVES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHERYL GUESS | BOARD MEMBER (THRU 6/18/25) Trustee or director | 0.5 | $0 |
| ROBERT HATFIELD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOANNE HURST | BOARD MEMBER (FROM 6/19/25) Trustee or director | 0.5 | $0 |
| VINCENT JAMES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CAROLLE CLAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHADWICK MCTIGHE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| AMY NALL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ROY POTTS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIN RASINEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TRACY BARBER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SHANNON ADKINS | BOARD MEMBER (THRU 6/18/25) Trustee or director | 0.5 | $0 |
| MELODY MURPHY | BOARD MEMBER (THRU 6/18/25) Trustee or director | 0.5 | $0 |
| LOUIS I WATERMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SHARI BROECKER | BOARD MEMBER (FROM 6/19/25) Trustee or director | 0.5 | $0 |
| BILL FISHER | BOARD MEMBER (FROM 6/19/25) Trustee or director | 0.5 | $0 |
| WILL FENESTERER | BOARD MEMBER (FROM 6/19/25) Trustee or director | 0.5 | $0 |
| JEREMY JARVI | BOARD MEMBER (FROM 6/19/25) Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO Trustee or director, Officer | 5 | $0 | $210,743 | $10,580 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $91,808 | $10,580 |
| DAVID NETT | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUZANNE WRIGHT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GLENDA THOME | CHAIR ELECT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHELE OBERST | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CRAIG WHITE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ALFONSO CORNISH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUGLAS CRADDOCK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BECKY CRUMP | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| HELEN DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JAY FERGUSON | BOARD MEMBER (THRU 6/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| JO GRAVES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHERYL GUESS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT HATFIELD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DODIE HOWLETT | BOARD MEMBER/EXEC DIREC (FROM 6/2024) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOANNE HURST | BOARD MEMBER (THRU 6/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| VINCENT JAMES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ADRIA JOHNSON | BOARD MEMBER (THRU 6/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| CAROLLE JONES CLAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LOGAN LEET | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHADWICK MCTIGHE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| AMY NALL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ROY POTTS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ERIN RASINEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DEBRA RAYMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KEN SELVAGGI | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE SHEA | BOARD MEMBER (THRU 6/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT GIBSON | PRESIDENT & CEO Officer | 5 | $0 | $210,878 | $9,912 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $90,909 | $9,912 |
| DAVID NETT | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUZANNE WRIGHT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GLENDA THOME | CHAIR ELECT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHELE OBERST | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CRAIG WHITE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BECKY COWAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUGLAS CRADDOCK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BECKY CRUMP | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JO GRAVES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHERYL GUESS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT HATFIELD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JUDY HESS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| VINCENT JAMES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CAROLLE JONES CLAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MELAINE KANE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM MCGURK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHADWICK MCTIGHE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TRISH OSBORN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ERIN RASINEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DEBRA RAYMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KEN SELVAGGI | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE SHEA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 S 3RD ST, LOUISVILLE, KY 40203-2913
- Principal officer (990 for 2024)
- MATT GIBSON, 1001 SOUTH THIRD STREET, LOUISVILLE, KY 40203
- Signed the 990
- MATT GIBSON, PRESIDENT/CEO
- Phone
- (502) 589-3378
- Website
- WWW.KDF.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
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.
Program accomplishments
- PROMOTING AND FURTHER DEVELOPING THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND ITS CULTURAL HERITAGE.Expenses $51,992 · grants $34,700
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
- 31-1629357
- 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
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A840)
- Assets (IRS master file)
- $369,928
- Income (IRS master file)
- $525,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $297,659 | $148,964 | $369,928 | XML |
| 990 | September 2024 | $172,234 | $114,246 | $250,093 | XML |
| 990 | September 2023 | $218,787 | $114,753 | $132,599 | XML |
| 990 | September 2022 | $176,533 | $94,685 | $178,038 | IRS |
| 990 | 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 31-1629357).
Questions about KENTUCKY DERBY FESTIVAL FOUNDATION INC
- What is the EIN of KENTUCKY DERBY FESTIVAL FOUNDATION INC?
- The employer identification number (EIN) of KENTUCKY DERBY FESTIVAL FOUNDATION INC is 31-1629357.
- Is KENTUCKY DERBY FESTIVAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to KENTUCKY DERBY FESTIVAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY DERBY FESTIVAL FOUNDATION INC 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 FESTIVAL FOUNDATION INC 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 FESTIVAL FOUNDATION INC 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 FESTIVAL FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names MATT GIBSON.
- Who are the officers and directors of KENTUCKY DERBY FESTIVAL FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 33 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY DERBY FESTIVAL FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $297,659, expenses of $148,964 and total assets of $369,928 at year end.
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