Form 990 for tax year 2024

Filed by KENTUCKY DERBY FESTIVAL INC.

Totals

Total revenue: $7,309,916
Total expenses: $6,815,480
Contributions and grants received: $0
Grants paid: $65,000
Program service revenue: $6,577,071
Investment income: $659,886
Other revenue: $72,959
Total assets, end of year: $6,850,608
Total liabilities, end of year: $2,887,995
Net assets or fund balances, end of year: $3,962,613
Program services expenses (Part IX): $4,355,064
Management and general expenses: $1,315,371
Fundraising expenses: $1,145,045
Program service expenses (Part III): $4,355,064

Program services were 63.9% 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

$226,659

From related orgs

$0

Other

$10,580

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$226,659

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$10,580

Filer's total

$237,239
ERIN RASINEN

IMMEDIATE PAST CHAIR (THRU 6/11/25)

Total calculated

$0

Hours/week

3 + 0.5 related
ALFONSO CORNISH

CHAIR/IMMEDIATE PAST CHAIR (FROM 6/11/25)

Total calculated

$0

Hours/week

3 + 0.5 related
LOUIS WATERMAN

CHAIR ELECT/CHAIR (FROM 6/11/25)

Total calculated

$0

Hours/week

3 + 0.5 related
BILL FISHER

VICE CHAIR/CHAIR ELECT (FROM 6/11/25)

Total calculated

$0

Hours/week

3 + 0.5 related
LES FUGATE

SECRETARY/VICE CHAIR (FROM 6/11/25)

Total calculated

$0

Hours/week

3
MIKE GANDOLFO

TREASURER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
REBECCA WOOD

TREASURER/SECRETARY (FROM 6/11/25)

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 (THRU 6/11/25)

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
CAROLLE CLAY

BOARD MEMBER

Total calculated

$0

Hours/week

3 + 0.5 related
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
STEVE ANDRIOT

BOARD MEMBER

Total calculated

$0

Hours/week

3
COL JOHN AUBREY

BOARD MEMBER (THRU 6/11/25)

Total calculated

$0

Hours/week

3
LANCE GEORGE

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
DARREN HOBBS

BOARD MEMBER

Total calculated

$0

Hours/week

3
MARY IRBY-JONES

BOARD MEMBER

Total calculated

$0

Hours/week

3
JANET LIVELY MCCAULEY

BOARD MEMBER

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
ANDY MURPHY

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
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
CHAD WAGGONER

BOARD MEMBER

Total calculated

$0

Hours/week

3
JOEY WAGNER

BOARD MEMBER

Total calculated

$0

Hours/week

3
KELLIE WATSON

BOARD MEMBER

Total calculated

$0

Hours/week

3
PHILLIP BAKER

BOARD MEMBER

Total calculated

$0

Hours/week

3
STACEY YATES

BOARD MEMBER

Total calculated

$0

Hours/week

3
MAURICE BROWN

BOARD MEMBER

Total calculated

$0

Hours/week

3
CAROLINE CLARK

BOARD MEMBER

Total calculated

$0

Hours/week

3
DIOR COTTEN

BOARD MEMBER

Total calculated

$0

Hours/week

3
JOANNE HURST

BOARD MEMBER (THRU 6/11/25)

Total calculated

$0

Hours/week

3 + 0.5 related
BILL LAMB

BOARD MEMBER (FROM 2/5/25)

Total calculated

$0

Hours/week

3
HANK MANGEOT

BOARD MEMBER

Total calculated

$0

Hours/week

3
BRITTNEY MONTEITH

BOARD MEMBER (THRU 6/11/25)

Total calculated

$0

Hours/week

3
JENNI SCHELLING

BOARD MEMBER

Total calculated

$0

Hours/week

3
DEAN SCHLADER

BOARD MEMBER

Total calculated

$0

Hours/week

3
JOE SIMONEIT

BOARD MEMBER

Total calculated

$0

Hours/week

3
ALFRED SMITH

BOARD MEMBER

Total calculated

$0

Hours/week

3
ALYSSA UPTON

BOARD MEMBER

Total calculated

$0

Hours/week

3
SUZANNE WRIGHT

BOARD MEMBER

Total calculated

$0

Hours/week

3 + 0.5 related
NICOLE YATES

BOARD MEMBER

Total calculated

$0

Hours/week

3
SHANNON ADKINS

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
BRIAN ATCHER

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
RICK BLACKWELL

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
ROBERT FRANK

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
SWANNIE JETT

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
MICHAEL SADOFSKY

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
KYALA WILLIAMS

BOARD MEMBER (FROM 6/11/25)

Total calculated

$0

Hours/week

3
ROBERT HECHT

BOARD MEMBER (THRU 6/25)

Total calculated

$0

Hours/week

3
DAVID VOGEL

BOARD MEMBER (THRU 6/25)

Total calculated

$0

Hours/week

3
JUSTIN WALKER

BOARD MEMBER

Total calculated

$0

Hours/week

3
DAN WASSERZUG

BOARD MEMBER (THRU 6/11/25)

Total calculated

$0

Hours/week

3
TIMOTHY WHITTEN

CHIEF FINANCIAL OFFICER

Total calculated

$111,303

From this org

$100,723

From related orgs

$0

Other

$10,580

Hours/week

35 + 5 related
APRIL ZIK

MARKETING MANAGER

Total calculated

$181,049

From this org

$170,469

From related orgs

$0

Other

$10,580

Hours/week

40

Schedule J breakdown matched by us

Base

$170,469

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$10,580

Filer's total

$181,049
DODIE HOWLETT

VP OF MARKETING

Total calculated

$116,749

From this org

$106,169

From related orgs

$0

Other

$10,580

Hours/week

40 + 0.5 related
JOANNIE LEPPING GILLIS

SPONSORSHIP MGR.

Total calculated

$128,477

From this org

$117,897

From related orgs

$0

Other

$10,580

Hours/week

40
AIMEE BOYD

VP OF COMMUNICATIONS

Total calculated

$115,346

From this org

$104,766

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

KENTUCKY DERBY FESTIVAL FOUNDATION

$65,000

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 · controlled entity

Directly controlled by KENTUCKY DERBY FESTIVAL INC

Provenance

Return type: form_990
Tax year: 2024
IRS schema version: 2024v5.5
Source object: 202632189349301553

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