KENTUCKY DERBY FESTIVAL INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- KENTUCKY DERBY FESTIVAL INC (EIN 61-0713833)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-08-15
- IRS object ID
- 202202279349301430
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-15T11:25:46-05:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271235638 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCM CPAS & ADVISORS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 462 SOUTH 4TH STREET SUITE 2600 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610713833 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENTUCKY DERBY FESTIVAL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KENT | BusinessNameControlTxt |
| Phone | 5025846383 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 SOUTH THIRD STREET | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATT GIBSON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5025846383 | PhoneNum |
| Signature | 2022-08-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MATT | PersonFirstNm |
| Person Last | GIBSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN D KERRICK | PreparerPersonNm |
| PTIN | P00181534 | PTIN |
| Phone | 5027491900 | PhoneNum |
| Preparation | 2022-07-08 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MATT GIBSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 SOUTH THIRD STREET | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,418,442 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.KDF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE KENTUCKY DERBY FESTIVAL EVENTS TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 71 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 71 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Volunteers | 500 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,936,460 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,122,802 | CYProgramServiceRevenueAmt |
| PY Investment Income | $537,124 | PYInvestmentIncomeAmt |
| CY Investment Income | $206,383 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,061 | PYOtherRevenueAmt |
| CY Other Revenue | $515,293 | CYOtherRevenueAmt |
| PY Total Revenue | $2,479,645 | PYTotalRevenueAmt |
| CY Total Revenue | $3,844,478 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,820,341 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,686,521 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,542,404 | PYOtherExpensesAmt |
| CY Other Expenses | $1,818,678 | CYOtherExpensesAmt |
| PY Total Expenses | $3,362,745 | PYTotalExpensesAmt |
| CY Total Expenses | $3,505,199 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$883,100 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $339,279 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,707,837 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,625,289 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,341,175 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,593,928 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,366,662 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,031,361 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,306,555 | ExpenseAmt |
| Revenue | $3,631,817 | RevenueAmt |
| Desc | PROVIDED KENTUCKY DERBY FESTIVAL EVENTS, INCLUDING THUNDER OVER LOUISVILLE, PEGASUS PARADE, BASKETBALL GAME, STEAMBOAT RACE, ETC. TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA AND THROUGHOUT THE STATE. | Desc |
| Total Program Service Expenses | $2,306,555 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 25 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 71 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 71 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIM WHITTEN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5025846383 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 SOUTH THIRD STREET | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40203 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (75 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| MATT GIBSON | ||||||||
| PRESIDENT & CEO | 35.00 | 5.00 | Yes (X) | $174,320 | $0 | $9,153 | ||
| APRIL ZIK | ||||||||
| MARKETING MANAGER | 40.00 | $135,628 | $0 | $9,153 | Yes (X) | |||
| TIMOTHY WHITTEN | ||||||||
| CHIEF FINANCIAL OFFICER | 35.00 | 5.00 | Yes (X) | $79,061 | $0 | $9,153 | ||
| MICHAEL BERRY | ||||||||
| FORMER PRESIDENT & CEO | 35.00 | 5.00 | Yes (X) | $15,000 | $0 | $2,288 | ||
| STEVE ANDRIOT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| KATHY BINGHAM | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| TYLER BLISS | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| STEVE CONRAD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| ALFONSO CORNISH | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| HARRY DENNERY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| ERIN RASINEN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| NANCY TRAFTON | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| LOUIS WATERMAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| SCOTT WATKINS | ||||||||
| BOARD MEMBER | 3.00 | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| COL AUBREY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| TRACY BALLARD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID BECK | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JILL BELL | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID BINGHAM | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| KRISTEN BRANSCUM | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| SHAWNA BURTON | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| PAUL CARROLL | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| PATRICK CASON | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JANICE CATES | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| WENDY CHESSER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| NATASHA COLLINS | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MIKE COOMES | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MERILYN COSLOW | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| J DELANEY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BARRY DENTON | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| WILLIAM DONALDSON | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JOE ELLIOTT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BILL FISHER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| GARY FRIEDMAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MIKE GANDOLFO | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| CYNTHIA GOLDSVERRY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| GLENNY HAYGOOD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MARTI HAZEL | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| ROBERT HECHT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| DARREN HOBBS | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| CHARLES HOFFMAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| SARAH JORDAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JAMES KING | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| LES FUGATE | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JANET LIVELY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| ANN MALDINI | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| HANK MANGEOT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| REBECCA MATHENY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| TIM MCGURK | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| CHRISTY MORENO | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| CAROL NORD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| NANCY O'HEARN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BRIAN OUTLAND | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BARBARA PORTER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| DEBBIE PREWITT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| DEBRA RAYMAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL SADOFSKY | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BRUCE SALYER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JEAN SCOTT | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| STACY SERAD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MIKE SEWELL | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| RICK SMITH | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MARIA SMITH | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| COLLEEN TRUMAN | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| LANI VANDERTOLL | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JOHN WAGGONER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| JOEY WAGNER | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| BRIAN WALTERS | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| KRISTIN WARFIELD | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MARITA WILLIS | ||||||||
| CHAIR | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| STACEY YATES | ||||||||
| BOARD MEMBER | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| MIKE ZIEMANSKI | ||||||||
| CHAIR-ELECT | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JUDY HESS | ||||||||
| VICE CHAIR | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| KEN SELVAGGI | ||||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MIKE SHEA | ||||||||
| SECRETARY | 3.00 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $404,009 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $29,747 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VIMARC | |||||
| 1205 E WASHINGTON ST | LOUISVILLE | KY | 40206 | ADVERTISING | $395,675 |
| SYNERGISM INC | |||||
| 2600 CONSTANT COMMENT PLACE | LOUISVILLE | KY | 40299 | TECHNOLOGY CONSULTING | $177,273 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FESTIVAL EVENTS | 900099 | $2,764,052 | $2,764,052 |
| CORPORATE MEMBERSHIPS | 900099 | $358,750 | $358,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,122,802 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $79,646 | TotalRevenueColumnAmt |
| Exclusion | $79,646 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,365 | TotalRevenueColumnAmt |
| Exclusion | $6,365 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $697,756 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $571,019 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $126,737 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $126,737 | TotalRevenueColumnAmt |
| Exclusion | $126,737 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $87 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$87 | TotalRevenueColumnAmt |
| Exclusion | -$87 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $12,863 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,858 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,005 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,005 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EMPLOYEE RETENTION CRE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $499,010 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $499,010 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $499,010 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,844,478 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,631,817 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $212,661 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,687 | TotalAmt |
| Program Services | $126,281 | ProgramServicesAmt |
| Management And General | $145,406 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,140,762 | TotalAmt |
| Program Services | $530,226 | ProgramServicesAmt |
| Management And General | $610,536 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,772 | TotalAmt |
| Program Services | $75,191 | ProgramServicesAmt |
| Management And General | $86,581 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,300 | TotalAmt |
| Program Services | $52,197 | ProgramServicesAmt |
| Management And General | $60,103 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,185 | TotalAmt |
| Management And General | $21,185 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,375 | TotalAmt |
| Management And General | $32,375 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,835 | TotalAmt |
| Program Services | $126,474 | ProgramServicesAmt |
| Management And General | $42,361 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $349,848 | TotalAmt |
| Program Services | $349,848 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,677 | TotalAmt |
| Program Services | $39,638 | ProgramServicesAmt |
| Management And General | $20,039 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,190 | TotalAmt |
| Program Services | $10,222 | ProgramServicesAmt |
| Management And General | $106,968 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,961 | TotalAmt |
| Program Services | $18,175 | ProgramServicesAmt |
| Management And General | $1,786 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,535 | TotalAmt |
| Program Services | $4,291 | ProgramServicesAmt |
| Management And General | $1,244 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,396 | TotalAmt |
| Management And General | $5,396 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,584 | TotalAmt |
| Program Services | $23,511 | ProgramServicesAmt |
| Management And General | $27,073 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,257 | TotalAmt |
| Program Services | $35,825 | ProgramServicesAmt |
| Management And General | $17,432 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| OTHER PROGRAM COSTS | $227,329 | $227,329 |
| EVENT EQUIPMENT & SUPPL | $217,814 | $217,814 |
| UNIFORMS | $103,529 | $103,529 |
| COMMISSIONS | $87,082 | $87,082 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,081 | TotalAmt |
| Program Services | $278,922 | ProgramServicesAmt |
| Management And General | $20,159 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,505,199 | TotalAmt |
| Program Services | $2,306,555 | ProgramServicesAmt |
| Management And General | $1,198,644 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,068 | BOYAmt |
| EOY | $142,713 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $319,736 | BOYAmt |
| EOY | $1,793,469 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,026 | BOYAmt |
| EOY | $161,050 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,701 | BOYAmt |
| EOY | $12,701 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,658 | BOYAmt |
| EOY | $101,966 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,847,966 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,303,004 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $551,608 | BOYAmt |
| EOY | $544,962 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,555,984 | BOYAmt |
| EOY | $2,636,495 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $360,738 | BOYAmt |
| EOY | $367,695 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $525,318 | BOYAmt |
| EOY | $864,238 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,707,837 | BOYAmt |
| EOY | $6,625,289 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,321 | BOYAmt |
| EOY | $73,208 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,702,406 | BOYAmt |
| EOY | $1,596,121 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $579,448 | BOYAmt |
| EOY | $924,599 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,341,175 | BOYAmt |
| EOY | $2,593,928 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,366,662 | BOYAmt |
| EOY | $4,031,361 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,366,662 | BOYAmt |
| EOY | $4,031,361 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,707,837 | BOYAmt |
| EOY | $6,625,289 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $339,279 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $325,420 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $104,790 | OtherCostOrOtherBasisAmt |
| Book Value | $104,790 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,121,876 | OtherCostOrOtherBasisAmt |
| Depreciation | $775,984 | DepreciationAmt |
| Book Value | $345,892 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $621,300 | OtherCostOrOtherBasisAmt |
| Depreciation | $527,020 | DepreciationAmt |
| Book Value | $94,280 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $544,962 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CORPORATE BONDS AND NOTES | Desc |
| Book Value | $367,695 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $367,695 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| 457B PLAN ASSET | $325,671 |
| ACCOUNTS RECEIVABLE - RELATED PARTY | $178,927 |
| ACCOUNTS RECEIVABLE - EMPLOYEE RETENTION CREDIT | $359,640 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $864,238 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| POST EMPLOYMENT BENEFIT PAYABLE | $325,671 |
| SBA LOAN | $498,928 |
| LINE OF CREDIT | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $924,599 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,140,468 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $325,420 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $2,945 | OtherRevenueAmt |
| Revenue Not Reported | $328,365 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,812,103 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $32,375 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $32,375 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,844,478 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,475,769 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,945 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,945 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,472,824 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $32,375 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $32,375 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,505,199 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE FESTIVAL EVALUATES UNCERTAIN INCOME TAX POSITIONS USING A "MORE-LIKELY-THAN-NOT" APPROACH AND RECOGNIZES INTEREST RELATED TO UNCERTAINTIES IN INCOME TAXES, IF ANY, IN INTEREST EXPENSE IN THE STATEMENT OF ACTIVITIES. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GAMING EXPENSES 87. COST OF GOODS SOLD 2,858. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | GAMING EXPENSES 87. COST OF GOODS SOLD 2,858. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATT GIBSON | PersonNm |
| Title | PRESIDENT & CEO | TitleTxt |
| Base Compensation Filing Org | $149,320 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $25,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $9,153 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $183,473 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT/CEO'S BONUS IS DETERMINDED BY THE EXECUTIVE BOARD OF DIRECTORS BASED ON AGREED UPON GOALS PRIOR TO THE BEGINNING OF THE YEAR. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF THE RETURN IS REVIEWED FIRST BY INTERNAL MANAGEMENT. AFTER INTERNAL MANAGEMENT HAS REVIEWED THE RETURN AND ANY CHANGES ARE MADE A DRAFT IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. ONCE THE COMMENTS FROM THE EXECUTIVE BOARD ARE REVIEWED THE FINAL DRAFT OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD AND SIGNED BY THE SIGNING OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF THE BOARD OF DIRECTORS SHALL ANNUALLY SIGN A STATEMENT WHICH STATES THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTAND THE POLICY, AGREED TO COMPLY WITH THE POLICY, AND UNDERSTAND THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE AUDIT COMMITTEE OF THE ORGANIZATION SHALL BE TASKED WITH REVIEWING AND MAKING DETERMINATIONS ON ALL ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. THE AUDIT COMMITTEE SHALL REPORT ITS FINDINGS TO THE EXECUTIVE BOARD OF THE ORGANIZATION. IF A DETERMINATION CANNOT BE MADE BY THE AUDIT COMMITTEE, THE EXECUTIVE BOARD SHALL MAKE A FINAL DETERMINATION ON THE ISSUE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PERIODIC REVIEW WILL BE MADE TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. TERMINATIONS ON ALL ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY THE INTERNATIONAL FESTIVAL AND EVENTS ASSOCIATION. THE COMPENSATION COMMITTEE APPROVES THE PRESIDENT/CEO'S SALARY BASED OFF OF THE INFORMATION OBTAINED. THE PRESIDENT/CEO AND THE EXECUTIVE BOARD CONSIDERS EXPERIENCE AND YEARLY EVALUATIONS AND APPROVES THE COMPENSATION FOR ALL OTHER OFFICERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE FILING ORGANIZATION'S OFFICE. |
| FORM 990, PAGE 12, PART XII, LINE 2C | THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSEES THE AUDIT. THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENTUCKY DERBY FESTIVAL FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 SOUTH THIRD STREET | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 40203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311629357 | EIN |
| Primary Activities | PROMOTING AND DEVELOPING THE INTEREST OF THE GENERAL PUBLIC. | PrimaryActivitiesTxt |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| KENTUCKY DERBY FESTIVAL FOUNDATION | ||
| Q | $63,000 | COST |
| KENTUCKY DERBY FESTIVAL FOUNDATION | ||
| D | $178,927 | COST |
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