Kentucky Derby Festival Foundation Inc
- Assets
- $149.6k
- Revenue
- $179.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/1999
- Data as of
- 09/2021
- EIN
- 31-1629357
Organization Overview
Kentucky Derby Festival Foundation Inc is located in Louisville, KY. The organization was established in 1999. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Derby Festival Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Kentucky Derby Festival Foundation Inc generated $179.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $106.6k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kentucky Derby Festival Foundation Inc has awarded 23 individual grants totaling $163,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FURTHER DEVELOP THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND FURTHER DEVELOPING THE INTEREST OF THE GENERAL PUBLIC IN THE GREATER LOUISVILLE AREA AND THE KENTUCKY DERBY FESTIVAL AND ITS CULTURAL HERITAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Wright Secretary | OfficerTrustee | 0.5 | $0 |
Norris Hamilton Chair Elect | OfficerTrustee | 0.5 | $0 |
Sally Galla Chair | OfficerTrustee | 0.5 | $0 |
Logan Leet Treasurer | OfficerTrustee | 0.5 | $0 |
Matt Gibson President & CEO | Officer | 5 | $0 |
Timothy Whitten Chief Financial Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,650 |
| Fundraising events | $127,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,095 |
| Total Program Service Revenue | $0 |
| Investment income | $715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,900 |
| Advertising and promotion | $366 |
| Office expenses | $904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $106,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,810 |
| Savings and temporary cash investments | $14,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,916 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $73,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,565 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $26,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $178,927 |
| Total liabilities | $205,327 |
| Net assets without donor restrictions | -$55,762 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $149,565 |
Grants Awarded
Over the last fiscal year, Kentucky Derby Festival Foundation Inc has awarded $27,281 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON COUNTY PUBLIC SCHOOLS PURPOSE: DONATION TO PUBLIC SCHOOL | $12,880 |
WAGGENER HIGH SCHOOL PURPOSE: SPONSOR DIRECTED DONATIONS | $7,281 |
THE DIVERSITY EQUITY & POVERTY DEPT IN JCPS PURPOSE: DONATION TO PUBLIC SCHOOL | $7,120 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kentucky Derby Festival Foundation Inc has recieved totaling $162,527.
| Awarding Organization | Amount |
|---|---|
Ford Motor Co Fund Dearborn, MI PURPOSE: BETTER WORLD | $70,000 |
Kindred Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING SUPPORT | $37,500 |
Rostrevor Foundation Inc Louisville, KY PURPOSE: PROGRAMMING | $30,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sauder Village Archbold, OH | $47,296,529 | $6,234,010 |
Heartland Film Inc Indianapolis, IN | $7,035,109 | $2,956,439 |
Cardinal Collection Educational Foundation Eastlake, OH | $4,485,129 | -$1,731,148 |
The National Public Housing Museum Chicago, IL | $4,854,237 | $1,907,075 |
Indiana War Memorials Foundation Inc Indianapolis, IN | $2,586,651 | $836,747 |
Lanesville Heritage Weekend Inc Lanesville, IN | $950,959 | $292,533 |
Higginsville Country Club Higginsville, MO | $447,862 | $283,954 |
Americas Heartland Remembers Inc Saint Louis, MO | $21,971 | $250,163 |
Honor Flight Tri-State Cincinnati, OH | $1,479,974 | $433,473 |
21st Century Peace Literacy Foundation Dayton, OH | $30,869 | $209,389 |
Lima Company Memorial Grove City, OH | $177,714 | $272,541 |
Carnegie Center Of Columbia Tusculum Cincinnati, OH | $415,766 | $217,240 |