2020-05-21T10:29:06-05:00 2019-09-30 271235638 MCM CPAS & ADVISORS LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2018-10-01 610713833 KENTUCKY DERBY FESTIVAL INC KENT 5025846383 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MATT GIBSON PRESIDENT 5025846383 2020-04-20 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2020-04-09 69.135.99.226 2020-04-20 11:08:35 ED P A63201AFD82B7F940229F6B107A1D2AD15F4EFAD 34B7C3452F8B7FD9F7A4D128E954DEFC3D28A9A7 2018 2020-11-06 18:47:13Z MATT GIBSON 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 7732265 0 X WWW.KDF.ORG X 1957 KY PROVIDE KENTUCKY DERBY FESTIVAL EVENTS TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA. 71 71 26 4000 0 0 0 0 6916378 6653200 135040 270245 61326 60838 7112744 6984283 0 0 0 0 1987799 1825057 0 0 0 4760611 4998518 6748410 6823575 364334 160708 4846337 5011479 466743 556428 4379594 4455051 X 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. 0 0 5629033 6648989 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. 5629033 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 31 1 1 26 1 0 0 0 0 0 0 0 0 X 71 71 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X TIM WHITTEN 5025846383 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MARITA WILLIS CHAIR 3.00 0.50 X X 0 0 0 MIKE ZIEMANSKI CHAIR-ELECT 3.00 0.50 X X 0 0 0 JUDY HESS VICE CHAIR 3.00 0.50 X X 0 0 0 KEN SELVAGGI TREASURER 3.00 X X 0 0 0 MIKE SHEA SECRETARY 3.00 0.50 X X 0 0 0 STEVE ANDRIOT BOARD MEMBER 3.00 X 0 0 0 KATHY BINGHAM BOARD MEMBER 3.00 X 0 0 0 TYLER BLISS BOARD MEMBER 3.00 X 0 0 0 STEVE CONRAD BOARD MEMBER 3.00 X 0 0 0 ALFONSO CORNISH BOARD MEMBER 3.00 X 0 0 0 HARRY DENNERY BOARD MEMBER 3.00 X 0 0 0 ERIN RASINEN BOARD MEMBER 3.00 X 0 0 0 NANCY TRAFTON BOARD MEMBER 3.00 X 0 0 0 LOUIS WATERMAN BOARD MEMBER 3.00 X 0 0 0 SCOTT WATKINS BOARD MEMBER 3.00 0.50 X 0 0 0 COL AUBREY BOARD MEMBER 3.00 X 0 0 0 TRACY BALLARD BOARD MEMBER 3.00 X 0 0 0 DAVID BECK BOARD MEMBER 3.00 X 0 0 0 JILL BELL BOARD MEMBER 3.00 X 0 0 0 DAVID BINGHAM BOARD MEMBER 3.00 X 0 0 0 KRISTEN BRANSCUM BOARD MEMBER 3.00 X 0 0 0 SHAWNA BURTON BOARD MEMBER 3.00 X 0 0 0 PAUL CARROLL BOARD MEMBER 3.00 X 0 0 0 PATRICK CASON BOARD MEMBER 3.00 X 0 0 0 JANICE CATES BOARD MEMBER 3.00 X 0 0 0 WENDY CHESSER BOARD MEMBER 3.00 X 0 0 0 NATASHA COLLINS BOARD MEMBER 3.00 X 0 0 0 MIKE COOMES BOARD MEMBER 3.00 X 0 0 0 MERILYN COSLOW BOARD MEMBER 3.00 X 0 0 0 J DELANEY BOARD MEMBER 3.00 X 0 0 0 BARRY DENTON BOARD MEMBER 3.00 X 0 0 0 WILLIAM DONALDSON BOARD MEMBER 3.00 X 0 0 0 JOE ELLIOTT BOARD MEMBER 3.00 X 0 0 0 FISHER BOARD MEMBER 3.00 X 0 0 0 GARY FRIEDMAN BOARD MEMBER 3.00 X 0 0 0 MIKE GANDOLFO BOARD MEMBER 3.00 X 0 0 0 CYNTHIA GOLDSBERRY BOARD MEMBER 3.00 X 0 0 0 GLENNY HAYGOOD BOARD MEMBER 3.00 X 0 0 0 MARTI HAZEL BOARD MEMBER 3.00 X 0 0 0 ROBERT HECHT BOARD MEMBER 3.00 X 0 0 0 DARREN HOBBS BOARD MEMBER 3.00 X 0 0 0 CHARLES HOFFMAN BOARD MEMBER 3.00 X 0 0 0 SARAH JORDAN BOARD MEMBER 3.00 X 0 0 0 JAMES KING BOARD MEMBER 3.00 X 0 0 0 LES FUGATE BOARD MEMBER 3.00 X 0 0 0 JANET LIVELY BOARD MEMBER 3.00 X 0 0 0 ANN MALDINI BOARD MEMBER 3.00 X 0 0 0 HANK MANGEOT BOARD MEMBER 3.00 X 0 0 0 REBECCA MATHENY BOARD MEMBER 3.00 X 0 0 0 TIM MCGURK BOARD MEMBER 3.00 X 0 0 0 CHRISTY MORENO BOARD MEMBER 3.00 X 0 0 0 CAROL NORD BOARD MEMBER 3.00 X 0 0 0 NANCY O'HEARN BOARD MEMBER 3.00 X 0 0 0 BRIAN OUTLAND BOARD MEMBER 3.00 X 0 0 0 BARBARA PORTER BOARD MEMBER 3.00 X 0 0 0 DEBBIE PREWITT BOARD MEMBER 3.00 X 0 0 0 DEBRA RAYMAN BOARD MEMBER 3.00 X 0 0 0 MICHAEL SADOFSKY BOARD MEMBER 3.00 X 0 0 0 BRUCE SALYER BOARD MEMBER 3.00 X 0 0 0 JEAN SCOTT BOARD MEMBER 3.00 X 0 0 0 STACY SERAD BOARD MEMBER 3.00 X 0 0 0 MIKE SEWELL BOARD MEMBER 3.00 X 0 0 0 RICK SMITH BOARD MEMBER 3.00 X 0 0 0 MARIA SMITH BOARD MEMBER 3.00 X 0 0 0 COLLEEN TRUMAN BOARD MEMBER 3.00 X 0 0 0 LANI VANDERTOLL BOARD MEMBER 3.00 X 0 0 0 JOHN WAGGONER BOARD MEMBER 3.00 X 0 0 0 JOEY WAGNER BOARD MEMBER 3.00 X 0 0 0 BRIAN WALTERS BOARD MEMBER 3.00 X 0 0 0 KRISTIN WARFIELD BOARD MEMBER 3.00 X 0 0 0 STACEY YATES BOARD MEMBER 3.00 X 0 0 0 MICHAEL BERRY PRESIDENT & CEO 35.00 5.00 X 225991 0 26950 APRIL ZIK MARKETING MANAGER 40.00 X 138637 0 8450 STACEY L ROBINSON SR. VP OPERATIONS 40.00 X 143663 0 8450 TIMOTHY WHITTEN CHIEF FINANCIAL OFFICER 40.00 X 77136 0 8450 585427 0 52300 3 0 1 0 VIMARC 1205 E WASHINGTON ST LOUISVILLE KY 40206 ADVERTISING 435133 ZAMBELLI FIREWORKS 20 S MERCER ST NEW CASTLE PA 16101 FIREWORKS SHOW 275000 SYNERGISM INC 2600 CONSTANT COMMENT PLACE LOUISVILLE KY 40299 TECHNOLOGY CONSULTING 232806 VISUAL PRESENTATION 6705 TALLWOOD CT PROSPECT KY 40059 SHOW PRODUCING 166650 AJ SCHNEIDER CO 325 W MAIN ST LOUISVILLE KY 40202 HOTEL ROOMS AND CATERING 151747 5 FESTIVAL EVENTS 900099 5511525 5511525 CORPORATE MEMBERSHIPS 900099 1141675 1141675 6653200 102722 102722 55000 55000 882461 714938 167523 167523 167523 27753 17704 10049 10049 11129 15340 -4211 -4211 6984283 6648989 0 335294 X 320027 187632 132395 1183486 693878 489608 73078 42845 30233 135211 79275 55936 113255 66401 46854 5841 5841 28333 28333 403262 254799 148463 577980 577980 12697 12697 156400 136636 19764 16579 14862 1717 2457 2457 51543 30219 21324 146800 118408 28392 HOSPITALITY,ENTERTAINME 710815 710815 EVENT EQUIPMENT & SUPPL 626265 626265 OTHER PROGRAM COSTS 541218 541218 SOUND AND AUDIO 238133 238133 1480195 1309667 170528 6823575 5629033 1194542 0 4146 14184 172283 105874 79521 78365 28621 26501 64343 67325 1800337 1197476 612996 602861 2964329 3232556 495682 383421 424416 500392 4846337 5011479 30111 36154 137245 173779 299387 346495 466743 556428 X 4379594 4455051 4379594 4455051 4846337 5011479 160708 -85251 0 X X 0 1 X 1 0 104790 104790 1118185 710875 407310 577362 486601 90761 602861 CORPORATE BONDS AND NOTES 383421 F 383421 457B PLAN ASSET 346495 ACCOUNTS RECEIVABLE - RELATED PARTY 153897 500392 POST EMPLOYMENT BENEFIT PAYABLE 346495 346495 X 6903743 -85251 33044 -52207 6955950 28333 28333 6984283 6828286 33044 33044 6795242 28333 28333 6823575 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 17,704. COST OF GOODS SOLD 15,340. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 28,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 17,704. COST OF GOODS SOLD 15,340. 27753 13999 398 2600 707 0 27753 13999 398 2600 707 17704 10049 KY 1 0 0 0 1.00000 TIMOTHY A WHITTEN 1001 S THIRD STREET LOUISVILLE KY 40203 0 MATT GIBSON MANAGED THE OVERALL OPERATION OF THE GAME FROM REGISTRATION TO CLEANING UP AFTERWARD. X 0 X X X X 0 1 0 0 0 0 0 1 0 MICHAEL BERRY PRESIDENT & CEO 170991 0 55000 0 0 0 18500 0 8450 0 252941 0 0 0 STACEY L ROBINSON SR. VP OPERATIONS 143663 0 0 0 0 0 0 0 8450 0 152113 0 0 0 PART I, LINE 4B MICHAEL BERRY - $18,000 457(B) PLAN CONTRIBUTION PART I, LINE 7 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. 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 UNDERSTANDS THE POLICY, AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS 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, PART IX, LINE 24E EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 231,766. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,766. UNIFORMS: PROGRAM SERVICE EXPENSES 189,709. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189,709. SPONSOR BENEFITS: PROGRAM SERVICE EXPENSES 177,036. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,036. COMMISSION: PROGRAM SERVICE EXPENSES 132,847. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,847. AWARDS: PROGRAM SERVICE EXPENSES 114,188. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,188. SITE RENTAL: PROGRAM SERVICE EXPENSES 113,313. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,313. UTILITIES: PROGRAM SERVICE EXPENSES 36,205. MANAGEMENT AND GENERAL EXPENSES 74,022. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,227. BARRICADES: PROGRAM SERVICE EXPENSES 84,645. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,645. BANNERS: PROGRAM SERVICE EXPENSES 69,607. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,607. PRINTING: PROGRAM SERVICE EXPENSES 60,718. MANAGEMENT AND GENERAL EXPENSES 1,714. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,432. SECURITY: PROGRAM SERVICE EXPENSES 53,355. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,355. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 31,158. MANAGEMENT AND GENERAL EXPENSES 21,984. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,142. OTHER ADMIN COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 38,923. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,923. VEHICLES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,262. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,262. POSTAGE : PROGRAM SERVICE EXPENSES 11,920. MANAGEMENT AND GENERAL EXPENSES 8,181. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,101. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 3,200. MANAGEMENT AND GENERAL EXPENSES 3,777. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,977. EDUCATION & TRAINING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,665. 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. KENTUCKY DERBY FESTIVAL FOUNDATION 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 311629357 PROMOTING AND DEVELOPING THE INTEREST OF THE GENERAL PUBLIC. KY 501(C)(3) LINE 10 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 KENTUCKY DERBY FESTIVAL FOUNDATION Q 63000 COST KENTUCKY DERBY FESTIVAL FOUNDATION D 153897 COST