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Nonprofiteer
← KENTUCKY DERBY FESTIVAL INC

Form 990 for tax year 2023

Filed by KENTUCKY DERBY FESTIVAL INC.

Totals

Total revenue
$8,253,123
Total expenses
$8,116,119
Contributions and grants received
$0
Grants paid
$60,000
Program service revenue
$7,971,214
Investment income
$248,039
Other revenue
$33,870
Total assets, end of year
$6,291,584
Total liabilities, end of year
$2,618,725
Net assets or fund balances, end of year
$3,672,859
Program services expenses (Part IX)
$5,573,348
Management and general expenses
$1,404,818
Fundraising expenses
$1,137,953
Program service expenses (Part III)
$5,573,348

Program services were 68.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MATTHEW GIBSON

    PRESIDENT & CEO

    Total calculated
    $221,323
    From this org
    $210,743
    From related orgs
    $0
    Other
    $10,580
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $185,743
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,580
    Filer's total
    $221,323

  • ERIN RASINEN

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • KEN SELVAGGI

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • ALFONSO CORNISH

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • LOUIS WATERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • BILL FISHER

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • CRYSTAL ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • STEVE ANDRIOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • COL JOHN AUBREY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • PHILLIP BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • TRACEY BALLARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DAVID BECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JILL BELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DAVID BINGHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • TYLER BLISS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MIKE CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • PAUL CARROLL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JANICE CATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JASON CHIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CAROLLE CLAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • NATASHA COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LISA COLUMBIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DEREK COWHERD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • J DELANEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • WILL DONALDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • GARY FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LES FUGATE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MIKE GANDOLFO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LANCE GEORGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CYNTHIA GOLDSBERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARINA GONZALEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • ALLISON GOUSHA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JO GRAVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • ROBERT HECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DARREN HOBBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CASSIDY HYDE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARY IRBY-JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • BRIANA LATHON BLUFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JANET LIVELY MCCAULEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • ANN MALDINI

    BOARD MEMBER (THRU 4/24)

    Total calculated
    $0
    Hours/week
    3

  • MIKE MANGEOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • TIM MCGURK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MELANIE MILLER

    BOARD MEMBER (THRU 6/24)

    Total calculated
    $0
    Hours/week
    3

  • ANDY MURPHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • SARAH NEFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DWIGHT NEWTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CAROL NORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOHN O'BRIEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JASON O'DANIEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MIKE PARRINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • BARBARA PORTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LESLIE RAEBER-EBERLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CASEY RAMAGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DEBBIE ROBERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DONNA SALAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • RYAN SIENKOWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARIA SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MEGAN THOBEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CORENZA TOWNSEND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • NANCY TRAFTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DAVID VOGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CHAD WAGGONER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOEY WAGNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JUSTIN WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DAN WASSERZUG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • KELLIE WATSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • REBECCA WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DALE WOODS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • STACEY YATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • BRIAN WALTERS

    BOARD MEMBER (THRU 6/24)

    Total calculated
    $0
    Hours/week
    3

  • MERILYN COSLOW

    BOARD MEMBER (THRU 6/24)

    Total calculated
    $0
    Hours/week
    3

  • TIMOTHY WHITTEN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $102,388
    From this org
    $91,808
    From related orgs
    $0
    Other
    $10,580
    Hours/week
    35 + 5 related

  • APRIL ZIK

    MARKETING MANAGER

    Total calculated
    $179,675
    From this org
    $169,095
    From related orgs
    $0
    Other
    $10,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,095
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,580
    Filer's total
    $179,675

  • JESSICA POLLIO

    SPONSORSHIP MGR.

    Total calculated
    $111,613
    From this org
    $101,033
    From related orgs
    $0
    Other
    $10,580
    Hours/week
    40

  • JOANNIE LEPPING GILLIS

    SPONSORSHIP MGR.

    Total calculated
    $128,628
    From this org
    $118,048
    From related orgs
    $0
    Other
    $10,580
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • KENTUCKY DERBY FESTIVAL FOUNDATION

    501(C)(3) · PROMOTING AND DEVELOPING THE INTEREST OF THE GENERAL PUBLIC. · KY · controlled entity

    Directly controlled by KENTUCKY DERBY FESTIVAL INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202502279349302300

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