2015-08-03T12:58:00-05:00 2014-09-30 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2013-10-01 610713833 KENTUCKY DERBY FESTIVAL INC KENT 5025846383 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 MICHAEL BERRY PRESIDENT 5025846383 2015-07-20 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2013 2016-02-25 16:41:14Z MICHAEL BERRY 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 7480838 0 X WWW.KDF.ORG X 1957 KY PROVIDE KENTUCKY DERBY FESTIVAL EVENTS TO PROMOTE SOCIAL WELFARE IN THE GREATER LOUISVILLE AREA. 69 69 27 4000 0 0 0 0 6141045 6527562 149972 198277 78377 84962 6369394 6810801 0 15920 0 0 1763840 1859639 0 0 0 4449988 4892669 6213828 6768228 155566 42573 4435662 4469579 742105 704231 3693557 3765348 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 6099554 15920 6525530 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. 6099554 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 17 2 1 27 1 0 0 0 0 0 0 X 69 69 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X ORGANIZATION 5025846383 ORGANIZATION ADDRESS LOUISVILLE KY 40203 LISA STEVENSON EXECUTIVE BOARD/TREASURER 3.00 0.50 X X 0 0 0 SCOTT WATKINS EXECUTIVE BOARD/SECRETARY 3.00 0.50 X X 0 0 0 WES RUTLEDGE EXECUTIVE BOARD, VICE CHAI 3.00 0.50 X X 0 0 0 M TRISH OSBORN EXECUTIVE BOARD, CHAIR ELECT 3.00 0.50 X X 0 0 0 DAVID NETT EXECUTIVE BOARD, CHAIR 3.00 0.50 X X 0 0 0 CATHERINE SMITH EXECUTIVE BOARD 3.00 X 0 0 0 CHRIS WHELAN EXECUTIVE BOARD 3.00 0.50 X 0 0 0 HARRY DENNERY EXECUTIVE BOARD 3.00 X 0 0 0 JILL BELL EXECUTIVE BOARD 3.00 X 0 0 0 JIM KING EXECUTIVE BOARD 3.00 X 0 0 0 MARITA WILLIS EXECUTIVE BOARD 3.00 X 0 0 0 MIKE ZIEMIANSKI EXECUTIVE BOARD 3.00 X 0 0 0 STACY SERAD EXECUTIVE BOARD 3.00 X 0 0 0 STEVE CONRAD EXECUTIVE BOARD 3.00 X 0 0 0 TYLER BLISS EXECUTIVE BOARD 3.00 X 0 0 0 WILLIAM FISHER EXECUTIVE BOARD 3.00 X 0 0 0 BARBARA COX BOARD MEMBER 2.00 X 0 0 0 BARBARA PORTER BOARD MEMBER 2.00 X 0 0 0 BARRY OXLEY BOARD MEMBER 2.00 X 0 0 0 BART FORD BOARD MEMBER 2.00 X 0 0 0 BEVERLY KEEPERS BOARD MEMBER 2.00 X 0 0 0 BILL LAMB BOARD MEMBER 2.00 X 0 0 0 BRENDA FRANK BOARD MEMBER 2.00 X 0 0 0 CARMEL STAUFFER BOARD MEMBER 2.00 X 0 0 0 CHARLES HOFFMAN BOARD MEMBER 2.00 X 0 0 0 CHRIS MURPHY BOARD MEMBER 2.00 X 0 0 0 CHRIS SPALDING BOARD MEMBER 2.00 X 0 0 0 COL JOHN AUBREY BOARD MEMBER 2.00 X 0 0 0 DAVID BINGHAM BOARD MEMBER 2.00 X 0 0 0 DAVID COMBS BOARD MEMBER 2.00 X 0 0 0 ED MCCOY BOARD MEMBER 2.00 X 0 0 0 ERIN RASINEN BOARD MEMBER 2.00 X 0 0 0 GLENN HAYGOOD BOARD MEMBER 2.00 X 0 0 0 HANK MANGEOT BOARD MEMBER 2.00 X 0 0 0 HELEN DAVIS BOARD MEMBER 2.00 X 0 0 0 IRA SALLS BOARD MEMBER 2.00 X 0 0 0 JANET REILLY BOARD MEMBER 2.00 X 0 0 0 JIM BRAMMELL BOARD MEMBER 2.00 X 0 0 0 JIM LACY BOARD MEMBER 2.00 X 0 0 0 JOHN HILL BOARD MEMBER 2.00 X 0 0 0 JUDY HESS BOARD MEMBER 2.00 X 0 0 0 JULIE POGUE BOARD MEMBER 2.00 X 0 0 0 KATHY BINGHAM BOARD MEMBER 2.00 X 0 0 0 KEN SELVAGGI BOARD MEMBER 2.00 X 0 0 0 KRISTIN WARFIELD BOARD MEMBER 2.00 X 0 0 0 LANI VANDERTOLL BOARD MEMBER 2.00 X 0 0 0 LINDA DANNA BOARD MEMBER 2.00 X 0 0 0 LOUIS WATERMAN BOARD MEMBER 2.00 X 0 0 0 MARTY STORCH BOARD MEMBER 2.00 X 0 0 0 MERILYN COSLOW BOARD MEMBER 2.00 X 0 0 0 MICHAEL SADOFSKY BOARD MEMBER 2.00 X 0 0 0 MIKE COOMES BOARD MEMBER 2.00 X 0 0 0 MIKE GANDOLFO BOARD MEMBER 2.00 X 0 0 0 MIKE MANGEOT BOARD MEMBER 2.00 X 0 0 0 MIKE SEWELL BOARD MEMBER 2.00 X 0 0 0 MIKE SHEA BOARD MEMBER 2.00 X 0 0 0 NANCY TRAFTON BOARD MEMBER 2.00 X 0 0 0 PATTIE IMPERIAL BOARD MEMBER 2.00 X 0 0 0 RIP RIPPETOE BOARD MEMBER 2.00 X 0 0 0 ROBERT HECHT BOARD MEMBER 2.00 X 0 0 0 SCOTT KUHN BOARD MEMBER 2.00 X 0 0 0 STACEY YATES BOARD MEMBER 2.00 X 0 0 0 STEVE ANDRIOT BOARD MEMBER 2.00 X 0 0 0 STEVE HIGBEE BOARD MEMBER 2.00 X 0 0 0 STEVE LUCKETT BOARD MEMBER 2.00 X 0 0 0 SUKH BAINS BOARD MEMBER 2.00 X 0 0 0 SUZANN THOMPSON BOARD MEMBER 2.00 X 0 0 0 TERRY JENKS BOARD MEMBER 2.00 X 0 0 0 TRISHA SMITH BOARD MEMBER 2.00 X 0 0 0 MICHAEL BERRY PRES/CEO/EXECUTIVE DIRECTO 35.00 5.00 X 232000 0 5392 TIM WHITTEN DIRECTOR OF FINANCE 39.50 0.50 X 68985 0 6993 STACEY L ROBINSON SR. VP OPERATIONS 40.00 X 114337 0 8695 PAT ARMSTRONG SR. VP MARKETING 40.00 X 124952 0 9172 APRIL ZIK MARKETING MANAGER 40.00 X 108625 0 7035 648899 0 37287 4 0 1 0 VIMARC 1205 E WASHINGTON ST STE 120 LOUISVILLE KY 40206 ADVERTISING 470657 ZAMBELLI FIREWORKS 20 S MERCER ST NEW CASTLE PA 16101 FIREWORKS 255000 VISUAL PRESENTATION 6705 TALLWOOD CT PROSPECT KY 40059 EVENT PROMOTION 184998 GALT HOUSE 140 N FOURTH STREET LOUISVILLE KY 40202 HOTEL ROOMS AND CATERING 154151 4 FESTIVAL EVENTS 900099 3805450 3805450 EVENT SPONSORSHIPS 900099 2722112 2722112 6527562 73822 73822 62320 62320 756967 632512 124455 124455 124455 43475 18801 24674 24674 16692 18724 -2032 -2032 6810801 6525530 0 285271 X 15920 15920 312360 312360 1238662 1238662 73654 73654 113580 113580 121383 97290 24093 4932 4932 19524 19524 47928 47928 192541 185195 7346 215893 116382 99511 23274 23274 86019 43899 42120 48012 42957 5055 5480 5480 41841 41841 19000 19000 THUNDER OVER LOUISVILLE 1170241 1170241 CWII EVENT 718353 718353 MARATHON/MINI-MARATHON 492602 492602 TFUNDER EVENT 237773 237773 1569256 1553046 16210 6768228 6099554 668674 0 3302 13849 855780 664042 159672 152431 16030 14855 96752 99448 1601467 945797 697511 655670 2232738 2419966 266563 312241 107314 137077 4435662 4469579 71476 61466 430892 410819 132423 94869 107314 137077 742105 704231 X 3693557 3765348 3693557 3765348 4435662 4469579 42573 29218 0 X X 0 1 X 1 0 104790 104790 283844 129950 153894 743196 409191 334005 469637 406656 62981 655670 CORPORATE BONDS AND NOTES 104176 F US GOVERNMENT BONDS 131721 F TAXABLE MUNICIPAL BONDS 76344 F 312241 POST EMPLOYMENT BENEFIT PAYABLE 137077 137077 X 6947829 29218 127334 156552 6791277 19524 19524 6810801 6876038 127334 127334 6748704 19524 19524 6768228 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. THE ORGANIZATION'S 2010-2013 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING ACTIVITY EXPENSES 18,801. COST OF GOODS SOLD 18,724. SPONSORSHIP RETURN 89,809. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING ACTIVITY EXPENSES 18,801. COST OF GOODS SOLD 18,724. SPONSORSHIP RETURN 89,809. 43475 14774 420 3075 532 0 43475 14774 420 3075 532 18801 24674 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 1 KENTUCKY DERBY FESTIVAL FOUNDATION 1001 SOUTH THIRD STREET LOUISVILLE KY 40203 311629357 501(C)(3) 15920 FUNDS TO BE USED TO PURCHASE BLEACHERS FOR DERBY FESTIVAL EVENTS 1 PART I, LINE 2: RECEIPIENT ORGANIZATION IS A RELATED ORGANIZATION WITH SOME COMMON BOARD MEMBERS. THEREFORE, THE ORGANIZATION'S USE OF THE FUNDS IS CLOSELY MONITORED WHEN REVIEWING FINANCIAL REPORTS OF BOTH ENTITIES. THE BLEACHERS WILL ALSO BE USED AT DERBY FESTIVAL EVENTS SO VISUAL MONITORING WILL ALSO OCCUR. X X X X 0 0 0 0 0 0 0 1 0 MICHAEL BERRY PRES/CEO/EXECUTIVE DIRECTO 162000 0 37000 0 33000 0 985 0 4407 0 237392 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR'S BONUS IS DETERMINED 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 11 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. PERIODIC REVIEWS 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. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REVIEWS COMPARATIVE SALARY INFORMATION PROVIDED BY THE INTERNATIONAL FESTIVAL AND EVENTS ASSOCIATION. THE EXECUTIVE BOARD CONSIDERS THE EMPLOYEES EXPERIENCE AND YEARLY EVALUATIONS. SALARIES ARE APPROVED BY THE EXECUTIVE BOARD. 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 PEGASUS PINS: PROGRAM SERVICE EXPENSES 211,174. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 211,174. PEGASUS PARADE EVENT: PROGRAM SERVICE EXPENSES 164,951. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 164,951. PUB PROMO: PROGRAM SERVICE EXPENSES 140,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,845. COMMISSION: PROGRAM SERVICE EXPENSES 118,801. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 118,801. BALLOON RACE EVENT: PROGRAM SERVICE EXPENSES 115,320. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,320. BASKETBALL CLASSIC EVENT: PROGRAM SERVICE EXPENSES 115,071. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,071. THEY'RE OFF LUNCHEON: PROGRAM SERVICE EXPENSES 101,119. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,119. THUNDER VILLAGE I & II: PROGRAM SERVICE EXPENSES 82,630. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,630. CELEBRITY LUNCH EVENT: PROGRAM SERVICE EXPENSES 55,394. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,394. MULTI EVENTS: PROGRAM SERVICE EXPENSES 47,573. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,573. RUNNING WILD EXPO: PROGRAM SERVICE EXPENSES 47,323. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,323. WINE TASTING EVENT: PROGRAM SERVICE EXPENSES 45,188. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,188. DERBY EXPENSES: PROGRAM SERVICE EXPENSES 41,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,390. HOLE IN ONE EVENT: PROGRAM SERVICE EXPENSES 39,651. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,651. BIKE RACE: PROGRAM SERVICE EXPENSES 36,549. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,549. FASHION SHOW EVENT: PROGRAM SERVICE EXPENSES 31,949. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,949. WORKSHOP: PROGRAM SERVICE EXPENSES 28,326. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,326. FLOAT PREVIEW EVENT: PROGRAM SERVICE EXPENSES 23,187. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,187. STEAMBOAT RACE: PROGRAM SERVICE EXPENSES 22,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,137. BEER FEST: PROGRAM SERVICE EXPENSES 21,648. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,648. POSTER PREMIERE EVENT: PROGRAM SERVICE EXPENSES 21,088. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,088. IFEA EVENT: PROGRAM SERVICE EXPENSES 19,522. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,522. VEHICLES: PROGRAM SERVICE EXPENSES 16,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,389. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 2,728. MANAGEMENT AND GENERAL EXPENSES 11,088. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,816. HEALTHY LIFESTYLE TRAINING PROGRAM: PROGRAM SERVICE EXPENSES 13,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,181. BEDLAM EVENT: PROGRAM SERVICE EXPENSES 12,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,845. MINI FUN RUN: PROGRAM SERVICE EXPENSES 8,627. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,627. GOLD PINS: PROGRAM SERVICE EXPENSES 6,660. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,660. SPELLING BEE EVENT: PROGRAM SERVICE EXPENSES 5,785. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,785. RADIO NETWORK: PROGRAM SERVICE EXPENSES 5,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,572. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,122. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,122. VOLUNTEER PARTY: PROGRAM SERVICE EXPENSES 2,949. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,949. COMMUNITY/MINORITY EXPENSES: PROGRAM SERVICE EXPENSES 2,595. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,595. BALLOON GLOW EVENT: PROGRAM SERVICE EXPENSES 2,525. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,525. GO GREEN: PROGRAM SERVICE EXPENSES 2,414. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,414. FILLIES: PROGRAM SERVICE EXPENSES 1,615. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,615. MEMBERSHIP: PROGRAM SERVICE EXPENSES 650. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 650. BANNERS: PROGRAM SERVICE EXPENSES 475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 475. UNIFORMS: PROGRAM SERVICE EXPENSES 200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200. REIMBURSED EXPENSES: PROGRAM SERVICE EXPENSES -63,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -63,000. 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 9 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 AT COST