- Revenue 2024
- $7,309,916
- Expenses 2024
- $6,815,480
Program services were 63.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 04
- Classification
- 3000
- 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).
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
- $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
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 — 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
- $7,309,916
- Expenses
- $6,815,480
- Contributions
- $0
- Grants paid
- $65,000
-
2023
- Revenue
- $8,253,123
- Expenses
- $8,116,119
- Contributions
- $0
- Grants paid
- $60,000
-
2022
- Revenue
- $7,244,621
- Expenses
- $7,626,360
- Contributions
- $0
- Grants paid
- $97,500
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.
Grants made
-
2022 TO FUND EVENTS AND PROVIDE GENERAL SUPPORT
-
2024 TO FUND EVENTS AND PROVIDE GENERAL SUPPORT
-
2023 TO FUND EVENTS AND PROVIDE GENERAL SUPPORT
Grants received
-
$35,000
2023 SPONSORSHIP
-
2024 GENERAL SUPPORT
-
$23,500
2022 SPONSORSHIP
-
$20,000
2023 PROGRAM SERVICES
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
-
KENTUCKY DERBY FESTIVAL FOUNDATION
501(C)(3) · PROMOTING AND DEVELOPING THE INTEREST OF THE GENERAL PUBLIC. · KY · controlled entity
Declared as related by
-
KENTUCKY DERBY FESTIVAL FOUNDATION INC
On its 2024 return
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
Not present in the most recent drop.
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.