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Nonprofiteer
← KENTUCKY DERBY FESTIVAL FOUNDATION INC

Form 990 for tax year 2024

Filed by KENTUCKY DERBY FESTIVAL FOUNDATION INC.

Totals

Total revenue
$297,659
Total expenses
$148,964
Contributions and grants received
$523,902
Grants paid
$34,700
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$51,992
Management and general expenses
$77,694
Fundraising expenses
$19,278
Program service expenses (Part III)
$51,992

Program services were 34.9% 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
    $237,239
    From this org
    $0
    From related orgs
    $226,659
    Other
    $10,580
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,659 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,580 related
    Filer's total
    $0 + $237,239 related

  • DODIE HOWLETT

    BOARD MEMBER/EXEC. DIR.(BEGAN 6/2025)

    Total calculated
    $116,749
    From this org
    $0
    From related orgs
    $106,169
    Other
    $10,580
    Hours/week
    0.5 + 40 related

  • DAVID NETT

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • GLENDA THOME

    CHAIR ELECT (THRU 6/18/25)

    Total calculated
    $0
    Hours/week
    0.5

  • CRAIG WHITE

    TREASURER/SECRETARY(BEGAN 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • DEBRA RAYMAN

    BOARD MEMBER/CHAIR-ELECT(BEGAN 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • KEN SELVAGGI

    BOARD MEMBER/CHAIR(BEGAN 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • MICHELLE B WHITE

    BOARD MEMBER/TREASURER(BEGAN 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • SUZANNE WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • MICHELE OBERST

    SECRETARY/BOARD MEMBER(BEGAN 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • ALFONSO CORNISH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • DOUGLAS CRADDOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BECKY CRUMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • HELEN DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JO GRAVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • CHERYL GUESS

    BOARD MEMBER (THRU 6/18/25)

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT HATFIELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOANNE HURST

    BOARD MEMBER (FROM 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • VINCENT JAMES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CAROLLE CLAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • CHADWICK MCTIGHE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • AMY NALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ROY POTTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ERIN RASINEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • TRACY BARBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SHANNON ADKINS

    BOARD MEMBER (THRU 6/18/25)

    Total calculated
    $0
    Hours/week
    0.5

  • MELODY MURPHY

    BOARD MEMBER (THRU 6/18/25)

    Total calculated
    $0
    Hours/week
    0.5

  • LOUIS I WATERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • SHARI BROECKER

    BOARD MEMBER (FROM 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • BILL FISHER

    BOARD MEMBER (FROM 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • WILL FENESTERER

    BOARD MEMBER (FROM 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • JEREMY JARVI

    BOARD MEMBER (FROM 6/19/25)

    Total calculated
    $0
    Hours/week
    0.5

  • TIMOTHY WHITTEN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $111,303
    From this org
    $0
    From related orgs
    $100,723
    Other
    $10,580
    Hours/week
    5 + 35 related

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

None.

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

The filer's explanations (Part III)

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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632259349301063

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