Nonprofit · EIN 61-0713833
KENTUCKY DERBY FESTIVAL INC
Tax-exempt · LOUISVILLE, KY 40203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $7,309,916 | $6,815,480 | $494,436 | $6,850,608 | $2,887,995 | $3,962,613 |
| September 30, 2024 | 990 | $8,253,123 | $8,116,119 | $137,004 | $6,291,584 | $2,618,725 | $3,672,859 |
| September 30, 2023 | 990 | $7,244,621 | $7,626,360 | -$381,739 | $5,705,840 | $2,787,501 | $2,918,339 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,577,071
- Investment income
- $659,886
- Net gain from sales of assets
- $516,618
- Net income from gaming
- $14,271
- Net income from sales of inventory
- $58,688
- Other revenue
- $72,959
Expenses
- Grants and similar amounts paid
- $65,000
- Compensation of officers, directors and key employees
- $387,912
- Other salaries and wages
- $1,255,572
- Salaries, compensation and benefits (total)
- $2,006,709
- Professional fundraising fees
- $0
- Accounting fees
- $22,313
- Occupancy
- $175,576
- Travel
- $66,926
- Depreciation
- $56,790
- Program services (functional)
- $4,355,064
- Management and general (functional)
- $1,315,371
- Fundraising (functional)
- $1,145,045
Balance sheet and other
- Total assets, start of year
- $6,291,584
- Total assets, end of year
- $6,850,608
- Total liabilities, end of year
- $2,887,995
- Net assets, end of year
- $3,962,613
- Land, buildings and equipment
- $495,971
- Publicly traded securities
- $4,458,097
- Net assets without donor restrictions
- $3,962,613
- Gross receipts
- $8,083,941
- Employees
- 24
- Volunteers
- 2,500
- Year formed
- 1957
- 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 |
|---|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO Trustee or director, Officer | 35 | $226,659 | $10,580 |
| APRIL ZIK | MARKETING MANAGER Highest-paid employee | 40 | $170,469 | $10,580 |
| JOANNIE LEPPING GILLIS | SPONSORSHIP MGR. Highest-paid employee | 40 | $117,897 | $10,580 |
| DODIE HOWLETT | VP OF MARKETING Highest-paid employee | 40 | $106,169 | $10,580 |
| AIMEE BOYD | VP OF COMMUNICATIONS Highest-paid employee | 40 | $104,766 | $10,580 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 35 | $100,723 | $10,580 |
| ERIN RASINEN | IMMEDIATE PAST CHAIR (THRU 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| ALFONSO CORNISH | CHAIR/IMMEDIATE PAST CHAIR (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| LOUIS WATERMAN | CHAIR ELECT/CHAIR (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| BILL FISHER | VICE CHAIR/CHAIR ELECT (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| LES FUGATE | SECRETARY/VICE CHAIR (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| MIKE GANDOLFO | TREASURER (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| REBECCA WOOD | TREASURER/SECRETARY (FROM 6/11/25) Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BECK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JILL BELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
65 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BINGHAM | BOARD MEMBER (THRU 6/11/25) Trustee or director | 3 | $0 |
| MIKE CAMPBELL | BOARD MEMBER Trustee or director | 3 | $0 |
| PAUL CARROLL | BOARD MEMBER Trustee or director | 3 | $0 |
| CAROLLE CLAY | BOARD MEMBER Trustee or director | 3 | $0 |
| LISA COLUMBIA | BOARD MEMBER Trustee or director | 3 | $0 |
| DEREK COWHERD | BOARD MEMBER Trustee or director | 3 | $0 |
| J DELANEY | BOARD MEMBER Trustee or director | 3 | $0 |
| WILL DONALDSON | BOARD MEMBER Trustee or director | 3 | $0 |
| GARY FRIEDMAN | BOARD MEMBER Trustee or director | 3 | $0 |
| STEVE ANDRIOT | BOARD MEMBER Trustee or director | 3 | $0 |
| COL JOHN AUBREY | BOARD MEMBER (THRU 6/11/25) Trustee or director | 3 | $0 |
| LANCE GEORGE | BOARD MEMBER Trustee or director | 3 | $0 |
| MARINA GONZALEZ | BOARD MEMBER Trustee or director | 3 | $0 |
| ALLISON GOUSHA | BOARD MEMBER Trustee or director | 3 | $0 |
| JO GRAVES | BOARD MEMBER Trustee or director | 3 | $0 |
| DARREN HOBBS | BOARD MEMBER Trustee or director | 3 | $0 |
| MARY IRBY-JONES | BOARD MEMBER Trustee or director | 3 | $0 |
| JANET LIVELY MCCAULEY | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE MANGEOT | BOARD MEMBER Trustee or director | 3 | $0 |
| TIM MCGURK | BOARD MEMBER Trustee or director | 3 | $0 |
| ANDY MURPHY | BOARD MEMBER Trustee or director | 3 | $0 |
| DWIGHT NEWTON | BOARD MEMBER Trustee or director | 3 | $0 |
| CAROL NORD | BOARD MEMBER Trustee or director | 3 | $0 |
| JOHN O'BRIEN | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON O'DANIEL | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE PARRINO | BOARD MEMBER Trustee or director | 3 | $0 |
| BARBARA PORTER | BOARD MEMBER Trustee or director | 3 | $0 |
| CASEY RAMAGE | BOARD MEMBER Trustee or director | 3 | $0 |
| DEBBIE ROBERSON | BOARD MEMBER Trustee or director | 3 | $0 |
| DONNA SALAS | BOARD MEMBER Trustee or director | 3 | $0 |
| RYAN SIENKOWSKI | BOARD MEMBER Trustee or director | 3 | $0 |
| MARIA SMITH | BOARD MEMBER Trustee or director | 3 | $0 |
| MEGAN THOBEN | BOARD MEMBER Trustee or director | 3 | $0 |
| CORENZA TOWNSEND | BOARD MEMBER Trustee or director | 3 | $0 |
| NANCY TRAFTON | BOARD MEMBER Trustee or director | 3 | $0 |
| CHAD WAGGONER | BOARD MEMBER Trustee or director | 3 | $0 |
| JOEY WAGNER | BOARD MEMBER Trustee or director | 3 | $0 |
| KELLIE WATSON | BOARD MEMBER Trustee or director | 3 | $0 |
| PHILLIP BAKER | BOARD MEMBER Trustee or director | 3 | $0 |
| STACEY YATES | BOARD MEMBER Trustee or director | 3 | $0 |
| MAURICE BROWN | BOARD MEMBER Trustee or director | 3 | $0 |
| CAROLINE CLARK | BOARD MEMBER Trustee or director | 3 | $0 |
| DIOR COTTEN | BOARD MEMBER Trustee or director | 3 | $0 |
| JOANNE HURST | BOARD MEMBER (THRU 6/11/25) Trustee or director | 3 | $0 |
| BILL LAMB | BOARD MEMBER (FROM 2/5/25) Trustee or director | 3 | $0 |
| HANK MANGEOT | BOARD MEMBER Trustee or director | 3 | $0 |
| BRITTNEY MONTEITH | BOARD MEMBER (THRU 6/11/25) Trustee or director | 3 | $0 |
| JENNI SCHELLING | BOARD MEMBER Trustee or director | 3 | $0 |
| DEAN SCHLADER | BOARD MEMBER Trustee or director | 3 | $0 |
| JOE SIMONEIT | BOARD MEMBER Trustee or director | 3 | $0 |
| ALFRED SMITH | BOARD MEMBER Trustee or director | 3 | $0 |
| ALYSSA UPTON | BOARD MEMBER Trustee or director | 3 | $0 |
| SUZANNE WRIGHT | BOARD MEMBER Trustee or director | 3 | $0 |
| NICOLE YATES | BOARD MEMBER Trustee or director | 3 | $0 |
| SHANNON ADKINS | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| BRIAN ATCHER | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| RICK BLACKWELL | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| ROBERT FRANK | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| SWANNIE JETT | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| MICHAEL SADOFSKY | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| KYALA WILLIAMS | BOARD MEMBER (FROM 6/11/25) Trustee or director | 3 | $0 |
| ROBERT HECHT | BOARD MEMBER (THRU 6/25) Trustee or director | 3 | $0 |
| DAVID VOGEL | BOARD MEMBER (THRU 6/25) Trustee or director | 3 | $0 |
| JUSTIN WALKER | BOARD MEMBER Trustee or director | 3 | $0 |
| DAN WASSERZUG | BOARD MEMBER (THRU 6/11/25) Trustee or director | 3 | $0 |
990 for the year ended September 30, 2024: 75 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO Trustee or director, Officer | 35 | $210,743 | $10,580 |
| APRIL ZIK | MARKETING MANAGER Highest-paid employee | 40 | $169,095 | $10,580 |
| JOANNIE LEPPING GILLIS | SPONSORSHIP MGR. Highest-paid employee | 40 | $118,048 | $10,580 |
| JESSICA POLLIO | SPONSORSHIP MGR. Highest-paid employee | 40 | $101,033 | $10,580 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 35 | $91,808 | $10,580 |
| ERIN RASINEN | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEN SELVAGGI | IMMEDIATE PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| ALFONSO CORNISH | CHAIR-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| LOUIS WATERMAN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BILL FISHER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CRYSTAL ANDERSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STEVE ANDRIOT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| COL JOHN AUBREY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PHILLIP BAKER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TRACEY BALLARD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID BECK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JILL BELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID BINGHAM | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TYLER BLISS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE CAMPBELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PAUL CARROLL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANICE CATES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JASON CHIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CAROLLE CLAY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NATASHA COLLINS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LISA COLUMBIA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DEREK COWHERD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| J DELANEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WILL DONALDSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GARY FRIEDMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LES FUGATE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE GANDOLFO | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LANCE GEORGE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CYNTHIA GOLDSBERRY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARINA GONZALEZ | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ALLISON GOUSHA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JO GRAVES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ROBERT HECHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DARREN HOBBS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CASSIDY HYDE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARY IRBY-JONES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRIANA LATHON BLUFORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANET LIVELY MCCAULEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ANN MALDINI | BOARD MEMBER (THRU 4/24) Trustee or director | 3 | $0 | $0 |
| MIKE MANGEOT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TIM MCGURK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MELANIE MILLER | BOARD MEMBER (THRU 6/24) Trustee or director | 3 | $0 | $0 |
| ANDY MURPHY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SARAH NEFF | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DWIGHT NEWTON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CAROL NORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN O'BRIEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JASON O'DANIEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE PARRINO | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BARBARA PORTER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LESLIE RAEBER-EBERLE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CASEY RAMAGE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DEBBIE ROBERSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DONNA SALAS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| RYAN SIENKOWSKI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARIA SMITH | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MEGAN THOBEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CORENZA TOWNSEND | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NANCY TRAFTON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID VOGEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHAD WAGGONER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOEY WAGNER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JUSTIN WALKER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAN WASSERZUG | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KELLIE WATSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| REBECCA WOOD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DALE WOODS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STACEY YATES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRIAN WALTERS | BOARD MEMBER (THRU 6/24) Trustee or director | 3 | $0 | $0 |
| MERILYN COSLOW | BOARD MEMBER (THRU 6/24) Trustee or director | 3 | $0 | $0 |
990 for the year ended September 30, 2023: 69 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO Officer | 35 | $210,878 | $9,912 |
| APRIL ZIK | MARKETING MANAGER Highest-paid employee | 40 | $168,423 | $9,912 |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER Officer | 35 | $90,909 | $9,912 |
| JASON CHIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JEAN SCOTT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JILL BELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JO GRAVES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOEY WAGNER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JOHN AUBREY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KATHY BINGHAM | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KELLIE WATSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LES FUGATE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LESLIE RAEBER-EBERLE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| LISA COLUMBIA | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARIA SMITH | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARINA GONZALEZ | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARY IRBY-JONES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MEGAN THOBEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MERILYN COSLOW | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE GANDOLFO | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TYLER BLISS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TRACY BALLARD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| TAYLOR POWERS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STEVE ANDRIOT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STACEY YATES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SARAH NEFF | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANICE CATES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ROBERT HECHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PHILLIP BAKER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PAUL CARROLL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NANCY TRAFTON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NANCY O'HEARN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE PARRINO | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE MANGEOT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| REBECCA WOOD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WENDY CHESSER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANET LIVELY MCCAULEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GARY FRIEDMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE SHEA | CHAIR/BOARD MEMBER Trustee or director, Officer | 3 | $0 | $0 |
| ERIN RASINEN | VICE CHAIR/CHAIR ELECT Trustee or director, Officer | 3 | $0 | $0 |
| ALFONSO CORNISH | SECRETARY/VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| NATASHA COLLINS | TREASURER/SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| LOUIS WATERMAN | TREASURER/BOARD MEMBER Trustee or director, Officer | 3 | $0 | $0 |
| ANDY MURPHY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ASHLEY PARROTT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BARB WAINWRIGHT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BARBARA PORTER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BILL FISHER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BOB HERRE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRIAN WALTERS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRIANA LATHON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BRUCE SALYER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CAROL NORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ERIN GRANT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DONNA SALAS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DILLON MILES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DEBBIE ROBERSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID VOGEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID BINGHAM | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| J P DELANEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID BECK | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DALE WOODS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CYNTHIA GOLDSVERRY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHARLES HOFFMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CASSIDY HYDE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CASEY RAMAGE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CAROLLE JONES CLAY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DARREN HOBBS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| WILLIAM DONALDSON | BOARD MEMBER Trustee or director | 3 | $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) 584-6383
- Website
- WWW.KDF.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
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.
Program accomplishments
- 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.Expenses $4,355,064 · grants $65,000 · revenue $6,635,759
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
- 61-0713833
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,850,608
- Income (IRS master file)
- $8,083,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $7,309,916 | $6,815,480 | $6,850,608 | XML |
| 990 | September 2024 | $8,253,123 | $8,116,119 | $6,291,584 | XML |
| 990 | September 2023 | $7,244,621 | $7,626,360 | $5,705,840 | XML |
| 990 | September 2022 | $6,945,171 | $7,370,569 | $5,949,101 | 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 61-0713833).
Questions about KENTUCKY DERBY FESTIVAL INC
- What is the EIN of KENTUCKY DERBY FESTIVAL INC?
- The employer identification number (EIN) of KENTUCKY DERBY FESTIVAL INC is 61-0713833.
- Is KENTUCKY DERBY FESTIVAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1957.
- Are donations to KENTUCKY DERBY FESTIVAL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY DERBY FESTIVAL 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 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 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 INC?
- The 990 for the year ended September 30, 2025 names MATT GIBSON.
- Who are the officers and directors of KENTUCKY DERBY FESTIVAL INC?
- The 990 for the year ended September 30, 2025 lists 80 people; 6 received compensation from the organization, the highest $226,659 (MATTHEW GIBSON, PRESIDENT & CEO).
- How much revenue does KENTUCKY DERBY FESTIVAL INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $7,309,916, expenses of $6,815,480 and total assets of $6,850,608 at year end.
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