Totals
- Total revenue
- $7,244,621
- Total expenses
- $7,626,360
- Contributions and grants received
- $0
- Grants paid
- $97,500
- Program service revenue
- $7,158,558
- Investment income
- $71,669
- Other revenue
- $14,394
- Total assets, end of year
- $5,705,840
- Total liabilities, end of year
- $2,787,501
- Net assets or fund balances, end of year
- $2,918,339
- Program services expenses (Part IX)
- $5,290,577
- Management and general expenses
- $1,242,956
- Fundraising expenses
- $1,092,827
- Program service expenses (Part III)
- $5,290,577
Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: FESTIVAL EVENTS
total $5,547,066 · related or exempt $5,547,066
-
2b · Program service revenue: CORPORATE MEMBERSHIPS
total $1,611,492 · related or exempt $1,611,492
-
3 · Investment income
total $91,099 · excluded $91,099
-
5 · Royalties
total $40,222 · excluded $40,222
-
7a · Gross sales of assets other than inventory
securities $671,014
-
7b · Less cost or other basis and sales expenses
securities $690,444
-
7c · Gain or loss
securities -$19,430
-
7d · Net gain or loss
total -$19,430 · excluded -$19,430
-
9a · Gaming: gross income
$33,161
-
9b · Gaming: direct expenses
$23,997
-
9c · Net income from gaming
total $9,164 · excluded $9,164
-
10a · Gross sales of inventory
$8,732
-
10b · Cost of goods sold
$43,724
-
10c · Net income from sales of inventory
total -$34,992 · related or exempt -$34,992
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $97,500 · program services $97,500
-
5 · Compensation of officers, directors and key employees
total $399,126 · program services $98,265 · management and general $182,520 · fundraising $118,341
-
7 · Other salaries and wages
total $1,020,019 · program services $251,129 · management and general $466,454 · fundraising $302,436
-
9 · Other employee benefits
total $168,776 · program services $41,552 · management and general $77,182 · fundraising $50,042
-
10 · Payroll taxes
total $108,649 · program services $26,749 · management and general $49,686 · fundraising $32,214
-
11c · Fees: accounting
total $21,500 · management and general $21,500
-
11f · Fees: investment management
total $29,996 · management and general $29,996
-
11g · Fees: other
total $420,219 · program services $340,943 · management and general $79,276
-
12 · Advertising and promotion
total $583,461 · program services $583,461
-
13 · Office expenses
total $101,446 · program services $80,762 · management and general $20,684
-
16 · Occupancy
total $158,350 · program services $54,461 · management and general $93,449 · fundraising $10,440
-
17 · Travel
total $124,856 · program services $107,309 · management and general $17,547
-
19 · Conferences, conventions and meetings
total $15,880 · program services $13,250 · management and general $2,630
-
20 · Interest
total $54,999 · management and general $54,999
-
22 · Depreciation, depletion and amortization
total $56,160 · program services $13,827 · management and general $25,682 · fundraising $16,651
-
23 · Insurance
total $144,147 · program services $119,497 · management and general $24,650
-
24a · Other expenses: EVENT EQUIPMENT & SUPPL
total $761,998 · program services $761,998
-
24b · Other expenses: HOSPITALITY, ENTERTAINM
total $724,876 · program services $724,876
-
24c · Other expenses: OTHER PROGRAM COSTS
total $594,231 · program services $594,231
-
24d · Other expenses: SPONSOR BENEFITS
total $326,696 · fundraising $326,696
-
24e · All other expenses
total $1,713,475 · program services $1,380,767 · management and general $96,701 · fundraising $236,007
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $722,938 · end of year $1,115,641
-
2 · Savings and temporary cash investments
beginning of year $944,863 · end of year $248,167
-
4 · Accounts receivable
beginning of year $104,537 · end of year $33,750
-
8 · Inventories for sale or use
beginning of year $11,001 · end of year $5,501
-
9 · Prepaid expenses and deferred charges
beginning of year $45,865 · end of year $79,762
-
10a · Land, buildings and equipment: cost or other basis
$1,882,470
-
10b · Land, buildings and equipment: accumulated depreciation
$1,417,221
-
10c · Land, buildings and equipment, net
beginning of year $498,584 · end of year $465,249
-
11 · Investments: publicly traded securities
beginning of year $3,020,972 · end of year $3,338,282
-
12 · Investments: other securities
beginning of year $183,643 · end of year $185,194
-
15 · Other assets
beginning of year $416,698 · end of year $234,294
-
17 · Accounts payable and accrued expenses
beginning of year $33,098 · end of year $32,282
-
19 · Deferred revenue
beginning of year $642,700 · end of year $520,925
-
25 · Other liabilities
beginning of year $2,304,901 · end of year $2,234,294
-
27 · Net assets without donor restrictions
beginning of year $2,968,402 · end of year $2,918,339
Mission and programs · 2022
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.
Activities or mission (Part I)
PROVIDE KENTUCKY DERBY FESTIVAL EVENTS TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA.
-
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 $5,290,577 · Grants $97,500 · Revenue $7,123,566
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jason ChinJASON CHIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jean ScottJEAN SCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jill BellJILL BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jo GravesJO GRAVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3 + 0.5 related
-
Joey WagnerJOEY WAGNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
John AubreyJOHN AUBREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Kathy BinghamKATHY BINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Kellie WatsonKELLIE WATSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Les FugateLES FUGATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Leslie Raeber-EberleLESLIE RAEBER-EBERLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Lisa ColumbiaLISA COLUMBIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Maria SmithMARIA SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Marina GonzalezMARINA GONZALEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mary Irby-JonesMARY IRBY-JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Megan ThobenMEGAN THOBEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Merilyn CoslowMERILYN COSLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mike GandolfoMIKE GANDOLFO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Tyler BlissTYLER BLISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Tracy BallardTRACY BALLARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Taylor PowersTAYLOR POWERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Steve AndriotSTEVE ANDRIOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Stacey YatesSTACEY YATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Sarah NeffSARAH NEFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Janice CatesJANICE CATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Robert HechtROBERT HECHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Phillip BakerPHILLIP BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Paul CarrollPAUL CARROLL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Nancy TraftonNANCY TRAFTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Nancy O'HearnNANCY O'HEARN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mike ParrinoMIKE PARRINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mike MangeotMIKE MANGEOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Rebecca WoodREBECCA WOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Wendy ChesserWENDY CHESSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Janet Lively McCauleyJANET LIVELY MCCAULEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Gary FriedmanGARY FRIEDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mike SheaMIKE SHEA
CHAIR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3 + 0.5 related
-
Erin RasinenERIN RASINEN
VICE CHAIR/CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 3 + 0.5 related
-
Alfonso CornishALFONSO CORNISH
SECRETARY/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Natasha CollinsNATASHA COLLINS
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Louis WatermanLOUIS WATERMAN
TREASURER/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Andy MurphyANDY MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Ashley ParrottASHLEY PARROTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Barb WainwrightBARB WAINWRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Barbara PorterBARBARA PORTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Bill FisherBILL FISHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Bob HerreBOB HERRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Brian WaltersBRIAN WALTERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Briana LathonBRIANA LATHON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Bruce SalyerBRUCE SALYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Carol NordCAROL NORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Erin GrantERIN GRANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Donna SalasDONNA SALAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Dillon MilesDILLON MILES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Debbie RobersonDEBBIE ROBERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David VogelDAVID VOGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David BinghamDAVID BINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
J P DelaneyJ P DELANEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David BeckDAVID BECK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Dale WoodsDALE WOODS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Cynthia GoldsverryCYNTHIA GOLDSVERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Charles HoffmanCHARLES HOFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Cassidy HydeCASSIDY HYDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Casey RamageCASEY RAMAGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Carolle Jones ClayCAROLLE JONES CLAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3 + 0.5 related
-
Darren HobbsDARREN HOBBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
William DonaldsonWILLIAM DONALDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Matthew GibsonMATTHEW GIBSON
PRESIDENT & CEO
- Total calculated
- $220,790
- From this org
- $210,878
- From related orgs
- $0
- Other
- $9,912
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $185,878
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,912
- Filer's total
- $220,790
-
Timothy WhittenTIMOTHY WHITTEN
CHIEF FINANCIAL OFFICER
- Total calculated
- $100,821
- From this org
- $90,909
- From related orgs
- $0
- Other
- $9,912
- Hours/week
- 35 + 5 related
-
April ZikAPRIL ZIK
MARKETING MANAGER
- Total calculated
- $178,335
- From this org
- $168,423
- From related orgs
- $0
- Other
- $9,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,423
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,912
- Filer's total
- $178,335
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
-
TO FUND EVENTS AND PROVIDE GENERAL SUPPORT
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
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202432289349301618
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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