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.
Key facts about Kentucky Derby Festival Inc
In short: Kentucky Derby Festival Inc gave $65K across 1 grant in 2025 (avg $65K), mostly in Kentucky. Source: 2025 IRS Form 990.
- EIN
- 61-0713833
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $65,000
- Grants made (2025)
- 1
- Average grant
- $65,000
- Median grant
- $65,000
- Total assets
- $6,850,608
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$6.9M
+8.9% YoY
Annual Giving
$65K
+8.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$65K
+8.3% YoY
How Kentucky Derby Festival Inc gives
- Giving fell 32% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Kentucky Derby Festival Inc
Based on IRS filings
Kentucky Derby Festival Inc is a public charity, based in Louisville, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.9M in total assets. In 2025, it awarded 1 grant totaling $65K. Net investment income was $660K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $60K (2024) to $98K (2023). In 2025 it made 1 grant totaling $65K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kentucky Derby Festival Foundation ($65K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky Derby Festival Foundation Louisville, KY | To Fund Events and Provide General Support | $65,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,850,608 | $6,291,584 | $5,705,840 |
| Revenue | $7,309,916 | $8,253,123 | $7,244,621 |
| Expenses | $6,815,480 | $8,116,119 | $7,626,360 |
| Net Investment Income | $659,886 | $248,039 | $71,669 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 21, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Kentucky Derby Festival Inc is led by Matthew Gibson, President & CEO on every filing since 2022; 6 of 80 officers listed in 2025 are compensated.
Officers on the 2025 filing
Matthew Gibson
President & CEO
On filings since 2022
35 hrs/week
$183K (2022) → $227K (2025)
Alfonso Cornish
Chair & Immediate Past Chair
Secretary & Vice Chair → Chair-Elect, 2024
Chair-Elect → Chair & Immediate Past Chair, 2025
On filings since 2019
3 hrs/week
No compensation reported
Louis Waterman
Chair Elect & Chair
Treasurer & Board Member → Secretary, 2024
Secretary → Chair Elect & Chair, 2025
On filings since 2019
3 hrs/week
No compensation reported
April Zik
Marketing Manager
On filings since 2019
40 hrs/week
$139K (2019) → $170K (2025)
Timothy Whitten
Chief Financial Officer
On filings since 2019
35 hrs/week
$77K (2019) → $101K (2025)
Joannie Lepping Gillis
Sponsorship Manager
On filings since 2024
40 hrs/week
$118K (2024) → $118K (2025)
Aimee Boyd
Vice President of Communications
New on the 2025 filing
40 hrs/week
$105K (2025)
Dodie Howlett
Vice President of Marketing
New on the 2025 filing
40 hrs/week
$106K (2025)
Barbara Porter
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Carol Nord
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Col John Aubrey
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Darren Hobbs
Board Member
On filings since 2019
3 hrs/week
No compensation reported
David Beck
Board Member
On filings since 2019
3 hrs/week
No compensation reported
David Bingham
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Erin Rasinen
Immediate Past Chair
Vice Chair & Chair Elect → Chair, 2024
Chair → Immediate Past Chair, 2025
On filings since 2019
3 hrs/week
No compensation reported
Gary Friedman
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Hank Mangeot
Board Member
On filings since 2019
3 hrs/week
No compensation reported
J. P. Delaney
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Jill Bell
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Joey Wagner
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Les Fugate
Secretary & Vice Chair
Board Member → Secretary & Vice Chair, 2025
On filings since 2019
3 hrs/week
No compensation reported
Maria Smith
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Michael Sadofsky
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Mike Gandolfo
Treasurer
Board Member → Treasurer, 2025
On filings since 2019
3 hrs/week
No compensation reported
Nancy Trafton
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Paul Carroll
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Robert Hecht
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Stacey Yates
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Steve Andriot
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Tim McGurk
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Bill Fisher
Vice Chair & Chair Elect
Board Member → Treasurer, 2024
Treasurer → Vice Chair & Chair Elect, 2025
On filings since 2021
3 hrs/week
No compensation reported
Andy Murphy
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Carolle Jones Clay
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Casey Ramage
Board Member
On filings since 2022
3 hrs/week
No compensation reported
David Vogel
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Debbie Roberson
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Donna Salas
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Janet Lively McCauley
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Jo Graves
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Kellie Watson
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Lisa Columbia
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Marina Gonzalez
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Mary Irby-Jones
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Megan Thoben
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Mike Mangeot
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Mike Parrino
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Phillip Baker
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Rebecca Wood
Treasurer & Secretary
Board Member → Treasurer & Secretary, 2025
On filings since 2022
3 hrs/week
No compensation reported
Allison Gousha
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Chad Waggoner
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Corenza Townsend
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Dan Wasserzug
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Derek Cowherd
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Dwight Newton
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Jason O'Daniel
Board Member
On filings since 2024
3 hrs/week
No compensation reported
John O'Brien
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Justin Walker
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Lance George
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Mike Campbell
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Ryan Sienkowski
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Will Donaldson
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Alfred Smith
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Alyssa Upton
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Bill Lamb
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Brian Atcher
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Brittney Monteith
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Caroline Clark
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Dean Schlader
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Dior Cotten
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Jenni Schelling
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Joanne Hurst
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Joe Simoneit
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Kyala Williams
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Maurice Brown
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Nicole Yates
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Rick Blackwell
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Robert Frank
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Shannon Adkins
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Suzanne Wright
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Swannie Jett
Board Member
New on the 2025 filing
3 hrs/week
No compensation reported
Former officers (72)
- Former: Ann Maldini (2019–2024) — Board Member
- Former: Brian Walters (2019–2024) — Board Member
- Former: Cynthia Goldsberry (2019–2024) — Board Member
- Former: Janice Cates (2019–2024) — Board Member
- Former: Ken Selvaggi (2019–2024) — Immediate Past Chair
- Former: Merilyn Coslow (2019–2024) — Board Member
- Former: Natasha Collins (2019–2024) — Board Member
- Former: Tracey Ballard (2019–2024) — Board Member
- Former: Tyler Bliss (2019–2024) — Board Member
- Former: Cassidy Hyde (2022–2024) — Board Member
- Former: Dale Woods (2022–2024) — Board Member
- Former: Jason Chin (2022–2024) — Board Member
- Former: Leslie Raeber-Eberle (2022–2024) — Board Member
- Former: Sarah Neff (2022–2024) — Board Member
- Former: Briana Lathon Bluford (2024) — Board Member
- Former: Crystal Anderson (2024) — Board Member
- Former: Jessica Pollio (2024) — Sponsorship Manager
- Former: Melanie Miller (2024) — Board Member
- Former: Bruce Salyer (2019–2023) — Board Member
- Former: Charles Hoffman (2019–2023) — Board Member
- Former: Jean Scott (2019–2023) — Board Member
- Former: Kathy Bingham (2019–2023) — Board Member
- Former: Mike Shea (2019–2023) — Chair & Board Member
- Former: Nancy O'Hearn (2019–2023) — Board Member
- Former: Wendy Chesser (2019–2023) — Board Member
- Former: William Donaldson (2019–2023) — Board Member
- Former: Ashley Parrott (2022–2023) — Board Member
- Former: Barb Wainwright (2022–2023) — Board Member
- Former: Bob Herre (2022–2023) — Board Member
- Former: Briana Lathon (2022–2023) — Board Member
- Former: Dillon Miles (2022–2023) — Board Member
- Former: Erin Grant (2022–2023) — Board Member
- Former: John Aubrey (2022–2023) — Board Member
- Former: Taylor Powers (2022–2023) — Board Member
- Former: Barry Denton (2019–2022) — Board Member
- Former: Debbie Prewitt (2019–2022) — Board Member
- Former: Judy Hess (2019–2022) — Board Member
- Former: Dana Kasler (2022) — Board Member
- Former: Eric Fow (2022) — Board Member
- Former: Lynnie Meyer (2022) — Board Member
- Former: Paula Bishop (2022) — Board Member
- Former: Ronna Corrente (2022) — Board Member
- Former: Brian Outland (2019–2021) — Board Member
- Former: Christy Moreno (2019–2021) — Board Member
- Former: Colleen Truman (2019–2021) — Board Member
- Former: Debra Rayman (2019–2021) — Board Member
- Former: Glenny Haygood (2019–2021) — Board Member
- Former: Harry Dennery (2019–2021) — Board Member
- Former: James King (2019–2021) — Board Member
- Former: Janet Lively (2019–2021) — Board Member
- Former: Joe Elliott (2019–2021) — Board Member
- Former: John Waggoner (2019–2021) — Board Member
- Former: Kristen Branscum (2019–2021) — Board Member
- Former: Kristin Warfield (2019–2021) — Board Member
- Former: Lani Vandertoll (2019–2021) — Board Member
- Former: Marita Willis (2019–2021) — Chair
- Former: Marti Hazel (2019–2021) — Board Member
- Former: Michael Berry (2019–2021) — Former President & CEO
- Former: Mike Coomes (2019–2021) — Board Member
- Former: Mike Sewell (2019–2021) — Board Member
- Former: Mike Ziemanski (2019–2021) — Chair-Elect
- Former: Patrick Cason (2019–2021) — Board Member
- Former: Rebecca Matheny (2019–2021) — Board Member
- Former: Rick Smith (2019–2021) — Board Member
- Former: Sarah Jordan (2019–2021) — Board Member
- Former: Scott Watkins (2019–2021) — Board Member
- Former: Shawna Burton (2019–2021) — Board Member
- Former: Stacy Serad (2019–2021) — Board Member
- Former: Steve Conrad (2019–2021) — Board Member
- Former: Matt Gibson (2020–2021) — President & CEO
- Former: Fisher (2019–2020) — Board Member
- Former: Stacey L. Robinson (2019–2020) — Senior Vice President Operations
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $227K, to Matthew Gibson (President & CEO). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Kentucky Derby Festival Inc
How much does Kentucky Derby Festival Inc give each year?
Kentucky Derby Festival Inc gave $65K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $60K across 1 grant.
How large is Kentucky Derby Festival Inc?
Kentucky Derby Festival Inc reported $6.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.3M.
Where does Kentucky Derby Festival Inc operate?
Kentucky Derby Festival Inc has awarded grants in Kentucky.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Kentucky Derby Festival Inc by hand.
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Kentucky Derby Festival Inc down — hundreds of funders to go?