Nonprofit · EIN 84-3981968
FIRST SATURDAY IN MAY INC
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $978,220 | $1,013,578 | -$35,358 | $14,783 | $0 | $14,783 |
| September 30, 2024 | 990 | $990,047 | $964,738 | $25,309 | $53,141 | $3,000 | $50,141 |
| September 30, 2023 | 990 | $896,778 | $938,104 | -$41,326 | $28,858 | $4,026 | $24,832 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $50,000
- Program service revenue
- $928,220
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,855
- Accounting fees
- $11,454
- Program services (functional)
- $994,282
- Management and general (functional)
- $19,296
Balance sheet and other
- Total assets, start of year
- $53,141
- Total assets, end of year
- $14,783
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,783
- Gross receipts
- $978,220
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2019
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN SMITH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JACK DULWORTH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MITCHEL DENHAM | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK DULWORTH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| M MELINDA KARNS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK DULWORTH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| M MELINDA KARNS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W JEFFERSON ST STE 2400, LOUISVILLE, KY 40202-2856
- In care of
- % MELINDA KARNS
- Principal officer (990 for 2024)
- MITCHEL DENHAM, 500 W JEFFERSON ST 2400, LOUISVILLE, KY 40202
- Signed the 990
- MITCHEL DENHAM, TREASURER
- Phone
- (502) 805-1468
- Return prepared by
- BESTEN & DIERUF PLLC
Mission
THE ORGANIZATION'S PRIMARY MISSION IS THE ORGANIZATION AND MANAGEMENT OF EVENTS FOR THE PROMOTION OF ECONOMIC DEVELOPMENT AND TOURISM IN THE COMMONWEALTH OF KENTUCKY.
Program accomplishments
- THE KENTUCKY DERBY IS A SIGNATURE EVENT FOR THE COMMONWEALTH OF KENTUCKY. THE ORGANIZATION ENCOURAGES OUT OF STATE VISITORS TO ATTEND THE KENTUCKY DERBY BY PROVIDING SEVERAL EVENTS RELATED TO THE DERBY AS A MEANS OF PROMOTING TOURISM AND ECONOMIC DEVELOPMENT. THEREBY, ENCOURAGING BUSINESSES TO LOOK AT KENTUCKY AS AN INVESTMENT OPPORTUNITY.Expenses $994,282 · revenue $928,220
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 84-3981968
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $14,783
- Income (IRS master file)
- $978,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $978,220 | $1,013,578 | $14,783 | XML |
| 990 | September 2024 | $990,047 | $964,738 | $53,141 | XML |
| 990 | September 2023 | $896,778 | $938,104 | $28,858 | XML |
| 990 | September 2022 | $820,057 | $758,531 | $245,478 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-EZ | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3981968).
Questions about FIRST SATURDAY IN MAY INC
- What is the EIN of FIRST SATURDAY IN MAY INC?
- The employer identification number (EIN) of FIRST SATURDAY IN MAY INC is 84-3981968.
- Is FIRST SATURDAY IN MAY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2020.
- Are donations to FIRST SATURDAY IN MAY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST SATURDAY IN MAY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIRST SATURDAY IN MAY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST SATURDAY IN MAY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FIRST SATURDAY IN MAY INC?
- The 990 for the year ended September 30, 2025 names MITCHEL DENHAM.
- Who are the officers and directors of FIRST SATURDAY IN MAY INC?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FIRST SATURDAY IN MAY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $978,220, expenses of $1,013,578 and total assets of $14,783 at year end.
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All nonprofits in LOUISVILLE · Kentucky · Community improvement and capacity building