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Kentucky Derby Festival Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311629357 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

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Overview

What is Kentucky Derby Festival Foundation?

The Kentucky Derby Festival Foundation, established in 1998, is a dedicated nonprofit organization situated in Louisville, Kentucky. Its primary objective is to foster and advance public interest in the greater Louisville area and the renowned Kentucky Derby Festival, preserving its rich cultural heritage. The foundation manages charitable contributions on behalf of the Kentucky Derby Festival, Inc., its supporters, and the general public. By developing projects that emphasize the festival's influence on the area's cultural heritage, the foundation works to perpetuate the festival's impact on the community. The foundation's mission includes enhancing the festival's educational and charitable mission through exhibitions and performances, contributing to the festival's goal of delivering creative entertainment that enriches the community.


Official website here: www.kdf.org

What do the Facebook reviews say about Kentucky Derby Festival Foundation?

92% of 368 reviewers on Facebook recommend the Kentucky Derby Festival Foundation. Here is a summary of their reviews:

Many participants have expressed their enthusiasm about the events organized by the foundation, highlighting the excitement surrounding the Thunder event and the engaging exhibitions like Derby of the Dead. Attendees appreciate the quality and organization of these activities, indicating that they find them enjoyable and well-executed.

Overall, the sentiment surrounding the foundation is positive, with users appreciative of the experiences provided. It appears that the nonprofit successfully delivers memorable events that resonate with the community.


This AI summary has been generated from reviews found on Facebook.

Is Kentucky Derby Festival Foundation legitimate?

Kentucky Derby Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Derby Festival Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kdf.org

What is the mission statement of Kentucky Derby Festival Foundation?

The Kentucky Derby Festival Foundation, established in 1998, serves to foster and augment public interest in the Kentucky Derby Festival and its cultural heritage. The organization manages charitable contributions on behalf of the Kentucky Derby Festival, its supporters, and the general public. The foundation's mission is to perpetuate the festival's impact on the community by developing projects that highlight its influence on the area's cultural heritage. It strives to further the festival's educational and charitable mission through exhibitions and performances, adding to the festival's purpose of providing creative entertainment that enriches the community.


Official website here: www.kdf.org

Who is the CEO of Kentucky Derby Festival Foundation?

Matt Gibson is the President & Ceo of Kentucky Derby Festival Foundation. The CEO's salary of Kentucky Derby Festival Foundation is $0 and their total compensation is $191,726.


Official website here: www.kdf.org

What is the revenue of Kentucky Derby Festival Foundation?

Kentucky Derby Festival Foundation's revenue in 2022 was $176,533.


Official website here: www.kdf.org

Who are the executives of Kentucky Derby Festival Foundation and what are their salaries?

There 150 volunteers at Kentucky Derby Festival Foundation.


Here are 28 key members and their salaries (Kentucky Derby Festival Foundation's CEO's salary is $0 and their total compensation is $191,726):


Matt Gibson (President & Ceo)
  • Compensation: $0
  • Related: $183,458
  • Other: $8,268
Timothy Whitten (Chief Financial Officer)
  • Compensation: $0
  • Related: $79,061
  • Other: $8,268
Natasha Collins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfonso Cornish (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Cowan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Galla (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Graves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hatfield (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Hess (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolle Jones Clay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mcgurk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chadwick Mctighe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trish Osborn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Rasinen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Selvaggi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Shea (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Wainwright (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Whelan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Logan Leet (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Bishop (Board Member (Term End 6/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kallay (Board Member (Term End 6/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Marita Willis (Board Member (Term End 6/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ty Ball (Secretary/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Oberst (Treasurer/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenda Thome (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nett (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Wright (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kdf.org

Where can I find the form 990 for Kentucky Derby Festival Foundation?

Kentucky Derby Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kdf.org

Learn more at the official website: www.kdf.org

Mission Statement of Kentucky Derby Festival Foundation

The Kentucky Derby Festival Foundation, established in 1998, serves a crucial role in promoting and enhancing the interest of the general public in the Greater Louisville area and the renowned Kentucky Derby Festival. This nonprofit organization manages charitable contributions on behalf of the Kentucky Derby Festival, Inc., its supporters, and the public at large. Its mission is twofold: firstly, it aims to perpetuate the festival's impact on the community by developing projects that showcase the festival's influence on the area's cultural heritage. Secondly, the foundation works towards furthering the festival's educational and charitable mission through exhibitions and performances. By doing so, the Kentucky Derby Festival Foundation adds to the festival's mission of providing creative entertainment that positively impacts the community.

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Impact




October, 2024

The Kentucky Derby Festival Foundation significantly impacts the Greater Louisville area by promoting cultural heritage and community engagement through the Kentucky Derby Festival. Established in 1998, the Foundation plays a vital role in managing charitable contributions and develops projects that highlight the festival's influence on local culture.

By organizing exhibitions and performances, the Foundation furthers educational initiatives and creative entertainment, which not only enriches the festival but also enhances the overall community experience. This focus on cultural celebration fosters a sense of pride among residents, encourages tourism, and supports local artists, contributing to the vibrant arts scene in Louisville. Through these efforts, the Foundation ensures that the Kentucky Derby Festival remains a cornerstone of community identity and cultural growth in the region.




This information is meant to be a general summary of Kentucky Derby Festival Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$176,533 (2022)
Expenses
$94,685 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $499
  • Gross Receipts: $349,988

Assets and Liabilities:

  • Total Assets: $178,038
  • Total Liabilities: $164,716
  • Net Assets: $13,322

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Organization Details

Founding Year

1998

Principal Officer

Matt Gibson

Main Address

1001 SOUTH THIRD STREET, LOUISVILLE, KY, 40203

NTEE Category

Code: A840 - Arts

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