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: $399,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,020,019
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?
Matthew Gibson is the CEO of Kentucky Derby Festival Inc The CEO's salary of Kentucky Derby Festival Inc is $210,878 and their total compensation is $220,790.
Official website here: www.kdf.org
What is the revenue of Kentucky Derby Festival Inc?
Kentucky Derby Festival Inc's revenue in 2023 was $7,244,621.
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 2023 was $54,582. There are 26 employees and 3500 volunteers at Kentucky Derby Festival Inc.
Here are 69 key members and their salaries (Kentucky Derby Festival Inc's CEO's salary is $210,878 and their total compensation is $220,790):
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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 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $91,099
- Program Service Revenue: $7,158,558
- Gross Receipts: $8,002,786
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
$5,547,066
CORPORATE MEMBERSHIPS
Revenue
$1,611,492
Organization Details
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