Impact-Coal Subtrust: FY2021 Nonprofit Profile & Form 990 (EIN 61-6156163)

Revenue by fiscal year
FY2021	$725K
FY2022	$695K
FY2023	$676K
FY2024	$461K
FY2025	$554K

Expenses by fiscal year
FY2021	$529K
FY2022	$635K
FY2023	$764K
FY2024	$404K
FY2025	$391K

Net assets by fiscal year
FY2021	$4.3M
FY2022	$3.8M
FY2023	$3.9M
FY2024	$4.1M
FY2025	$4.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Community Trust Bank

Trustee

$0Pt VII · Sec A

Joseph J Jacobs

Chairman

$0Pt VII · Sec A

Charles J Baird

Vice Chairman

$0Pt VII · Sec A

M Lynn Parrish

Board Member

$0Pt VII · Sec A

See Impact-Coal Subtrust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Impact-Coal Subtrust is a member-serving organization based in Lexington, KY, formed in 1986.

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Provided by the organization

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1 program · in their own filed words · FY2020

01

Trust plans provided dental, accidental death and dismemberment and group life insurance benefits for participating employees of subscribing employers. The trust had 1,726 participating employees as of june 30, 2021.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$725K

Ln 12

Investment incomeLn 3$375K

Fees for servicesLn 2g$351K

Money outPt IX

$529K

Ln 25

Owns and owesPt X

$4.3M

net assets · Ln 32

Cash and savingsLn 1–2$139K

Total assetsLn 16$4.4M

LiabilitiesLn 26$67K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$351K

Investment incomeLn 3$375K

Gains on assetsLn 7$291K

Total revenueLn 12$725K

Assets in detailPt X, end of year

CashLn 1$80K

SavingsLn 2$59K

Cash and savings togetherLn 1–2$139K

InvestmentsLn 11–13$3.9M

Other assetsLn 15$367K

Total assetsLn 16$4.4M

LiabilitiesLn 26$67K

Net assetsLn 32$4.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$216K	$139K
InvestmentsLn 11–13	$3.7M	$3.9M
Total assetsLn 16	$3.9M	$4.4M
LiabilitiesLn 26	$33K	$67K
Net assetsLn 32	$3.9M	$4.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$246K
Accounting feesLn 11c	$17K
Investment management feesLn 11f	$126K
Other fees for servicesLn 11g	$134K
InsuranceLn 23	$6K
Other expenses (24a–d)Ln 24	$369
Total functional expensesLn 25	$529K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$554K	$391K	$163K	$4.2M	990 PDF
FY2024	$461K	$404K	$57K	$4.1M	990 PDF
FY2023	$676K	$764K	−$88K	$3.9M	990 PDF
FY2022	$695K	$635K	$60K	$3.8M	990 PDF
FY2021 Viewing	$725K	$529K	$196K	$4.3M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $725,206 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $866,050$350,691

I-10 Investment incomePrior year $162,169$374,515

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,028,219$725,206

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $767,793$246,390

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $281,521$282,899

I-18 Total expensesPrior year $1,049,314$529,289

I-19 Revenue less expensesPrior year −$21,095$195,917

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $725,206 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $350,691$350,691

VIII-3 Investment incomeUnrelated business $83,288$83,288

VIII-7 Net gain or loss on sales of assetsUnrelated business $291,227$291,227

VIII-12 Total revenueRelated to mission $350,691 · Unrelated business $374,515 · Excluded from tax $0$725,206

Part IX · Statement of functional expenses $529,289 across 6 lines filed

IX-4 Benefits paid to or for members$246,390

IX-11c Accounting fees$17,395

IX-11f Investment management fees$125,612

IX-11g Other fees for services$134,011

IX-23 Insurance$5,512

IX-24 Other expenses (24a–d)$369

IX-25 Total functional expenses$529,289

Part X · Balance sheet $4,415,145 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $4,549$80,362

X-2 Savings and temporary cash investmentsStart of year $211,097$58,786

X-4 Accounts receivableStart of year $15,333$20,772

X-9 Prepaid expenses and deferred chargesStart of year $4,187$3,472

X-11 Publicly traded securitiesStart of year $3,665,326$3,884,291

X-15 Other assetsStart of year $0$367,462

X-16 Total assetsStart of year $3,900,492$4,415,145

X-17 Accounts payable and accrued expensesStart of year $14,500$14,500

X-19 Deferred revenueStart of year $2,002$27,279

X-25 Other liabilitiesStart of year $16,845$25,482

X-26 Total liabilitiesStart of year $33,347$67,261

X-32 Total net assets or fund balancesStart of year $3,867,145$4,347,884

X-33 Total liabilities and net assetsStart of year $3,900,492$4,415,145

Part XI · Reconciliation of net assets $4,347,884 net assets at year end

XI-1 Total revenue$725,206

XI-2 Total expenses$529,289

XI-3 Revenue less expenses$195,917

XI-4 Net assets at start of year$3,867,145

XI-5 Net unrealized gains (losses) on investments$284,822

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,347,884

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Impact-Coal Subtrust FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Impact-Coal Subtrust

Funders

By the numbers

Filing history

Schedules filed Part IV

Impact-Coal Subtrust FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Impact-Coal Subtrust

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV