Kentucky Derby Festival Inc

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

EIN: 610713833 ✦ Louisville, KY ✦ Designated as a 501(c)(4)

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Overview

What is Kentucky Derby Festival Inc?

Kentucky Derby Festival Inc, based in Louisville, Kentucky, is a prominent nonprofit organization. Its primary mission is to enhance the social welfare of the greater Louisville area and beyond by organizing and promoting a variety of events, such as Thunder Over Louisville, Pegasus Parade, basketball games, and the steamboat race. These activities aim to contribute positively to the aesthetic, cultural, educational, charitable, and economic development of the region. The organization relies on the collective efforts of volunteers, businesses, non-profits, and governmental entities to achieve its goals, ultimately boosting the international recognition and community image of the area. With a team of 23 dedicated individuals, Kentucky Derby Festival Inc creates unique entertainment experiences that significantly enrich the community.


Official website here: www.kdf.org

Is Kentucky Derby Festival Inc legitimate?

Kentucky Derby Festival Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kentucky Derby Festival Inc 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: $279,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,105,979

For more financial information, click here


Official website here: www.kdf.org

What is the mission statement of Kentucky Derby Festival Inc?

Kentucky Derby Festival Inc's mission is to offer a variety of creative and distinctive entertainment events in the greater Louisville area. These events aim to contribute positively to the region's aesthetic, cultural, educational, charitable, and economic development. The organization leverages the collective efforts and resources of volunteers, businesses, non-profit organizations, and governmental entities to enhance the area's international recognition, economic growth, and community image. By organizing and promoting these events, Kentucky Derby Festival Inc strives to improve the well-being of the local community.


Official website here: www.kdf.org

Who is the CEO of Kentucky Derby Festival Inc?

Matt Gibson is the President & Ceo of Kentucky Derby Festival Inc. The CEO's salary of Kentucky Derby Festival Inc is $183,458 and their total compensation is $191,721.


Official website here: www.kdf.org

What is the revenue of Kentucky Derby Festival Inc?

Kentucky Derby Festival Inc's revenue in 2022 was $6,945,171.


Official website here: www.kdf.org

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

The average compensation at Kentucky Derby Festival Inc during 2022 was $60,218. There are 23 employees and 2500 volunteers at Kentucky Derby Festival Inc.


Here are 79 key members and their salaries (Kentucky Derby Festival Inc's CEO's salary is $183,458 and their total compensation is $191,721):


Matthew Gibson (President & Ceo)
  • Compensation: $183,458
  • Related: $0
  • Other: $8,263
April Zik (Marketing Manager)
  • Compensation: $135,628
  • Related: $0
  • Other: $8,263
Timothy Whitten (Chief Financial Officer)
  • Compensation: $79,061
  • Related: $0
  • Other: $8,263
Steve Andriot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Bingham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Bliss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Trafton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Aubrey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracey Ballard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Beck (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Bell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bingham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Carroll (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Cates (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Chesser (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merilyn Coslow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jp Delaney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Donaldson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Fisher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Friedman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Gandolfo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Goldsberry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hecht (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Hobbs (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Hoffman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Fugate (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Lively Mccauley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Nord (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy O'Hearn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Porter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Salyer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Scott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Wagner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Walters (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey Yates (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Wainwright (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Thoben (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Roberson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Salas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Vogel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kellie Watson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Wood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Woods (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Baker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Chin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolle Clay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Columbia (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marina Gonzalez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Grant (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Graves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Herre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassidy Hyde (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Irby-Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Briana Lathon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mangeot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dillon Miles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Neff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Parrino (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Parrott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Powers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Raeber-Eberle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Ramage (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronna Corrente (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Hess (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Denton (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Mangeot (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Prewitt (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Bishop (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Fow (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Kasler (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynnie Meyer (Board Member (Term End 6/15))
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Waterman (Treasurer/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Shea (Chair/Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natasha Collins (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfonso Cornish (Secretary/Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Rasinen (Vice Chair/Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Selvaggi (Chair Elect/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kdf.org

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

Kentucky Derby Festival Inc'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 Inc

Kentucky Derby Festival Inc, a renowned organization, strives to enhance the greater Louisville area by offering a variety of engaging events. Their primary mission is to contribute positively to the aesthetic, cultural, educational, charitable, and economic development of the community. They accomplish this by organizing, promoting, and conducting unique and creative entertainment events, leveraging the collective efforts and resources of volunteers, businesses, non-profit organizations, and governmental entities. By doing so, Kentucky Derby Festival Inc aims to boost the international recognition, economic development, and community image of the greater Louisville area.

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Impact



October, 2024

Kentucky Derby Festival Inc plays a significant role in enhancing the social fabric and economic vitality of the greater Louisville area. By organizing a range of events, including Thunder Over Louisville, the Pegasus Parade, basketball games, and steamboat races, the festival creates opportunities for community engagement and celebrates local culture.

The festival's mission is to provide creative and unique entertainment that not only entertains but also contributes to the aesthetic and cultural landscape of the region. It fosters community spirit by drawing in volunteers and collaborating with businesses, non-profits, and governmental entities, showcasing the strength of collective effort in promoting social welfare and economic development.

Moreover, the festival enhances Louisville's positive international recognition, turning the spotlight on the area and its rich heritage. This impact extends beyond just the events themselves; it stimulates local businesses, promotes tourism, and contributes to the overall image of the community, making Louisville a vibrant and inviting place to live and visit. Through its diverse range of activities, Kentucky Derby Festival Inc enriches the lives of residents and visitors alike, leaving a lasting imprint on the region's culture and economy.



This information is meant to be a general summary of Kentucky Derby Festival Inc. 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
$6,945,171 (2022)
Expenses
$7,370,569 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $107,201
  • Program Service Revenue: $6,778,750
  • Gross Receipts: $7,520,422

Assets and Liabilities:

  • Total Assets: $5,949,101
  • Total Liabilities: $2,980,699
  • Net Assets: $2,968,402

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FESTIVAL EVENTS

Revenue

$5,663,387

CORPORATE MEMBERSHIPS

Revenue

$1,115,363

Organization Details

Founding Year

1957

Phone

(502) 584-6383

Principal Officer

Matt Gibson

Main Address

1001 SOUTH THIRD STREET, LOUISVILLE, KY, 40203

Website

www.kdf.org

NTEE Category

Code: N52 - Recreation

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