Kentucky Derby Festival Inc
PROVIDE CREATIVE AND UNIQUE ENTERTAINMENT AND COMMUNITY SERVICE FOR THE PEOPLE OF THE GREATER LOUISVILLE AREA THAT DIRECTLY CONTRIBUTES TO THE AESTHETIC, CULTURAL, EDUCATIONAL, CHARITABLE AND ECONOMIC DEVELOPMENT OF THE AREA. WE WILL ORGANIZE, PROMOTE AND CONDUCT EVENTS USING THE COLLECTIVE EFFORTS AND RESOURCES OF VOLUNTEERS, SMALL AND LARGE BUSINESSES, NON-PROFIT ORGANIZATIONS AND GOVERNMENTAL ENTITIES TO ENHANCE THE POSITIVE INTERNATIONAL RECOGNITION, ECONOMIC AND CULTURAL DEVELOPMENT, AND COMMUNITY IMAGE OF THE GREATER LOUISVILLE AREA.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.3M
+10.3% YoY
Annual Giving
$60K
-38.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$60K
-38.5% YoY
About Kentucky Derby Festival Inc
Based on IRS filings
Kentucky Derby Festival Inc is a nonprofit organization, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 1 grants totaling $60K. Net investment income was $248K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,291,584 | $5,705,840 | $5,949,101 |
| Revenue | $8,253,123 | $7,244,621 | $6,945,171 |
| Expenses | $8,116,119 | $7,626,360 | $7,370,569 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $248,039 | $71,669 | $107,201 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kentucky Derby Festival Foundation ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KENTUCKY DERBY FESTIVAL FOUNDATION LOUISVILLE, KY | TO FUND EVENTS AND PROVIDE GENERAL SUPPORT | $60,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW GIBSON | PRESIDENT & CEO | 35 | $210,743 |
| ERIN RASINEN | CHAIR | 3 | — |
| KEN SELVAGGI | IMMEDIATE PAST CHAIR | 3 | — |
| ALFONSO CORNISH | CHAIR-ELECT | 3 | — |
| LOUIS WATERMAN | SECRETARY | 3 | — |
| BILL FISHER | TREASURER | 3 | — |
| CRYSTAL ANDERSON | BOARD MEMBER | 3 | — |
| STEVE ANDRIOT | BOARD MEMBER | 3 | — |
| COL JOHN AUBREY | BOARD MEMBER | 3 | — |
| PHILLIP BAKER | BOARD MEMBER | 3 | — |
| TRACEY BALLARD | BOARD MEMBER | 3 | — |
| DAVID BECK | BOARD MEMBER | 3 | — |
| JILL BELL | BOARD MEMBER | 3 | — |
| DAVID BINGHAM | BOARD MEMBER | 3 | — |
| TYLER BLISS | BOARD MEMBER | 3 | — |
| MIKE CAMPBELL | BOARD MEMBER | 3 | — |
| PAUL CARROLL | BOARD MEMBER | 3 | — |
| JANICE CATES | BOARD MEMBER | 3 | — |
| JASON CHIN | BOARD MEMBER | 3 | — |
| CAROLLE CLAY | BOARD MEMBER | 3 | — |
| NATASHA COLLINS | BOARD MEMBER | 3 | — |
| LISA COLUMBIA | BOARD MEMBER | 3 | — |
| DEREK COWHERD | BOARD MEMBER | 3 | — |
| J DELANEY | BOARD MEMBER | 3 | — |
| WILL DONALDSON | BOARD MEMBER | 3 | — |
| GARY FRIEDMAN | BOARD MEMBER | 3 | — |
| LES FUGATE | BOARD MEMBER | 3 | — |
| MIKE GANDOLFO | BOARD MEMBER | 3 | — |
| LANCE GEORGE | BOARD MEMBER | 3 | — |
| CYNTHIA GOLDSBERRY | BOARD MEMBER | 3 | — |
| MARINA GONZALEZ | BOARD MEMBER | 3 | — |
| ALLISON GOUSHA | BOARD MEMBER | 3 | — |
| JO GRAVES | BOARD MEMBER | 3 | — |
| ROBERT HECHT | BOARD MEMBER | 3 | — |
| DARREN HOBBS | BOARD MEMBER | 3 | — |
| CASSIDY HYDE | BOARD MEMBER | 3 | — |
| MARY IRBY-JONES | BOARD MEMBER | 3 | — |
| BRIANA LATHON BLUFORD | BOARD MEMBER | 3 | — |
| JANET LIVELY MCCAULEY | BOARD MEMBER | 3 | — |
| ANN MALDINI | BOARD MEMBER (THRU 4/24) | 3 | — |
| MIKE MANGEOT | BOARD MEMBER | 3 | — |
| TIM MCGURK | BOARD MEMBER | 3 | — |
| MELANIE MILLER | BOARD MEMBER (THRU 6/24) | 3 | — |
| ANDY MURPHY | BOARD MEMBER | 3 | — |
| SARAH NEFF | BOARD MEMBER | 3 | — |
| DWIGHT NEWTON | BOARD MEMBER | 3 | — |
| CAROL NORD | BOARD MEMBER | 3 | — |
| JOHN O'BRIEN | BOARD MEMBER | 3 | — |
| JASON O'DANIEL | BOARD MEMBER | 3 | — |
| MIKE PARRINO | BOARD MEMBER | 3 | — |
| BARBARA PORTER | BOARD MEMBER | 3 | — |
| LESLIE RAEBER-EBERLE | BOARD MEMBER | 3 | — |
| CASEY RAMAGE | BOARD MEMBER | 3 | — |
| DEBBIE ROBERSON | BOARD MEMBER | 3 | — |
| DONNA SALAS | BOARD MEMBER | 3 | — |
| RYAN SIENKOWSKI | BOARD MEMBER | 3 | — |
| MARIA SMITH | BOARD MEMBER | 3 | — |
| MEGAN THOBEN | BOARD MEMBER | 3 | — |
| CORENZA TOWNSEND | BOARD MEMBER | 3 | — |
| NANCY TRAFTON | BOARD MEMBER | 3 | — |
| DAVID VOGEL | BOARD MEMBER | 3 | — |
| CHAD WAGGONER | BOARD MEMBER | 3 | — |
| JOEY WAGNER | BOARD MEMBER | 3 | — |
| JUSTIN WALKER | BOARD MEMBER | 3 | — |
| DAN WASSERZUG | BOARD MEMBER | 3 | — |
| KELLIE WATSON | BOARD MEMBER | 3 | — |
| REBECCA WOOD | BOARD MEMBER | 3 | — |
| DALE WOODS | BOARD MEMBER | 3 | — |
| STACEY YATES | BOARD MEMBER | 3 | — |
| BRIAN WALTERS | BOARD MEMBER (THRU 6/24) | 3 | — |
| MERILYN COSLOW | BOARD MEMBER (THRU 6/24) | 3 | — |
| TIMOTHY WHITTEN | CHIEF FINANCIAL OFFICER | 35 | $91,808 |
| APRIL ZIK | MARKETING MANAGER | 40 | $169,095 |
| JESSICA POLLIO | SPONSORSHIP MGR. | 40 | $101,033 |
| JOANNIE LEPPING GILLIS | SPONSORSHIP MGR. | 40 | $118,048 |
Frequently Asked Questions
How large is Kentucky Derby Festival Inc?
As of 2024, Kentucky Derby Festival Inc holds $6.3M in total assets with $8.3M in annual revenue. It awarded 1 grants totaling $60K in 2024.
Where does Kentucky Derby Festival Inc operate?
Kentucky Derby Festival Inc has awarded grants in Kentucky.
What size grants does Kentucky Derby Festival Inc award?
In 2024, Kentucky Derby Festival Inc awarded 1 grants totaling $60K — an average of about $60K per grant, based on its IRS Form 990 filings.
What is Kentucky Derby Festival Inc's EIN?
Kentucky Derby Festival Inc's EIN (Employer Identification Number) is 61-0713833. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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