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KENTUCKY DERBY FESTIVAL FOUNDATION INC

EIN 31-1629357 LOUISVILLE, KY

Browse the largest nonprofits in Kentucky

Revenue 2024
$297,659
Expenses 2024
$148,964

Program services were 34.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
A840
Classification
1000
Street
1001 S 3RD ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

FOUNDED IN 1998, THE KENTUCKY DERBY FESTIVAL FOUNDATION RECEIVES AND MANAGES CHARITABLE CONTRIBUTIONS ON BEHALF OF THE KENTUCKY DERBY FESTIVAL, INC., ITS SUPPORTERS AND THE GENERAL PUBLIC. THE FOUNDATION PERPETUATES THE FESTIVAL'S IMPACT ON THE COMMUNITY BY DEVELOPING PROJECTS THAT HIGHLIGHT THE FESTIVAL'S INFLUENCE ON THE AREA'S CULTURAL HERITAGE. ITS MISSION IS TO FURTHER THE FESTIVAL'S EDUCATIONAL AND CHARITABLE MISSION THROUGH EXHIBITIONS AND PERFORMANCES. THE FOUNDATION ADDS TO THE FESTIVAL'S MISSION OF PROVIDING CREATIVE ENTERTAINMENT THAT ENHANCES THE COMMUNITY.

Activities or mission (Part I)

TO PROMOTE AND FURTHER DEVELOP THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND CULTURAL HERITAGE.

  • PROMOTING AND FURTHER DEVELOPING THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND ITS CULTURAL HERITAGE.

    Expenses $51,992 · Grants $34,700

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $297,659
    Expenses
    $148,964
    Contributions
    $523,902
    Grants paid
    $34,700
  • 2023
    Revenue
    $172,234
    Expenses
    $114,246
    Contributions
    $328,516
    Grants paid
    $28,150
  • 2022
    Revenue
    $218,787
    Expenses
    $114,753
    Contributions
    $200,681
    Grants paid
    $40,250

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $176,533
    Expenses
    $94,685
    Assets (EOY)
    $178,038
  • 2020 · 990

    Revenue
    $179,108
    Expenses
    $106,632
    Assets (EOY)
    $149,565
  • 2019 · 990

    Revenue
    $66,261
    Expenses
    $136,080
    Assets (EOY)
    $143,310
  • 2018 · 990

    Revenue
    $82,992
    Expenses
    $111,951
    Assets (EOY)
    $76,824
  • 2017 · 990

    Revenue
    $131,916
    Expenses
    $117,811
    Assets (EOY)
    $79,452
  • 2016 · 990

    Revenue
    $159,715
    Expenses
    $171,553
    Assets (EOY)
    $81,594
  • 2015 · 990

    Revenue
    $138,436
    Expenses
    $133,043
    Assets (EOY)
    $59,850
  • 2014 · 990

    Revenue
    $136,852
    Expenses
    $126,743
    Assets (EOY)
    $64,931
  • 2013 · 990

    Revenue
    $133,136
    Expenses
    $116,646
    Assets (EOY)
    $57,712
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $105,747
    Assets (EOY)
    $28,008

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.