Kentucky Derby Festival Foundation Inc

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.

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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Board, Officers & Key Employees

Name (title)Compensation
Sally Galla
Chair
$0
Norris Hamilton
Chair Elect
$0
Logan Leet
Treasurer
$0
Suzanne Wright
Secretary
$0
Matt Gibson
President & CEO
$0
Timothy Whitten
Chief Financial Officer
$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

Grants Awarded

Over the last fiscal year, Kentucky Derby Festival Foundation Inc has awarded $27,281 in support to 3 organizations.

Grant RecipientAmount

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
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Kentucky Derby Festival Foundation Inc has recieved totaling $162,527.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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