Impact-Coal Subtrust: FY2023 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 (FY2022); the FY2023 filing did not itemize Part VII

M Lynn Parrish

Chairman

$0Pt VII · Sec A

Charles J Baird

Vice Chairman

$0Pt VII · Sec A

Joseph J Jacobs

Trustee

$0Pt VII · Sec A

Community Trust Bank

Trustee

$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 · FY2022

01

Trust plans provided dental, accidental death and dismemberment and group life insurance benefits for participating employees of subscribing employers. The trust had 1,220 participating employees as of june 30, 2023.

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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$676K

Ln 12

Fees for servicesLn 2g$581K

Investment incomeLn 3$95K

Money outPt IX

$764K

Ln 25

Owns and owesPt X

$3.9M

net assets · Ln 32

Cash and savingsLn 1–2$88K

Total assetsLn 16$4.0M

LiabilitiesLn 26$56K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$581K

Investment incomeLn 3$95K

Gains on assetsLn 7$25K

Total revenueLn 12$676K

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$85K

Cash and savings togetherLn 1–2$88K

InvestmentsLn 11–13$2.7M

Other assetsLn 15$1.1M

Total assetsLn 16$4.0M

LiabilitiesLn 26$56K

Net assetsLn 32$3.9M

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 FY23	End FY23
Cash and savingsLn 1–2	$85K	$88K
InvestmentsLn 11–13	$3.1M	$2.7M
Total assetsLn 16	$3.9M	$4.0M
LiabilitiesLn 26	$42K	$56K
Net assetsLn 32	$3.8M	$3.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$397K
Accounting feesLn 11c	$19K
Investment management feesLn 11f	$30K
Other fees for servicesLn 11g	$313K
InsuranceLn 23	$6K
Other expenses (24a–d)Ln 24	$39
Total functional expensesLn 25	$764K

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 Viewing	$676K	$764K	−$88K	$3.9M	990 PDF
FY2022	$695K	$635K	$60K	$3.8M	990 PDF
FY2021	$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 FY2023 990 (6 parts)

Part I · Summary $676,217 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $450,296$581,414

I-10 Investment incomePrior year $245,037$94,803

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $695,333$676,217

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

I-14 Benefits paid to membersPrior year $329,437$396,908

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $305,403$367,285

I-18 Total expensesPrior year $634,840$764,193

I-19 Revenue less expensesPrior year $60,493−$87,976

Part VI · Governance 4 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $676,217 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $581,414$581,414

VIII-3 Investment incomeUnrelated business $70,194$70,194

VIII-7 Net gain or loss on sales of assetsUnrelated business $24,609$24,609

VIII-12 Total revenueRelated to mission $581,414 · Unrelated business $94,803 · Excluded from tax $0$676,217

Part IX · Statement of functional expenses $764,193 across 6 lines filed

IX-4 Benefits paid to or for members$396,908

IX-11c Accounting fees$18,700

IX-11f Investment management fees$29,651

IX-11g Other fees for services$312,685

IX-23 Insurance$6,210

IX-24 Other expenses (24a–d)$39

IX-25 Total functional expenses$764,193

Part X · Balance sheet $3,961,030 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $27,641$3,516

X-2 Savings and temporary cash investmentsStart of year $57,377$84,654

X-4 Accounts receivableStart of year $8,144$15,140

X-9 Prepaid expenses and deferred chargesStart of year $2,993$4,648

X-11 Publicly traded securitiesStart of year $3,116,093$2,705,535

X-15 Other assetsStart of year $664,015$1,147,537

X-16 Total assetsStart of year $3,876,263$3,961,030

X-17 Accounts payable and accrued expensesStart of year $14,500$16,700

X-19 Deferred revenueStart of year $11,724$8,229

X-25 Other liabilitiesStart of year $16,170$30,986

X-26 Total liabilitiesStart of year $42,394$55,915

X-32 Total net assets or fund balancesStart of year $3,833,869$3,905,115

X-33 Total liabilities and net assetsStart of year $3,876,263$3,961,030

Part XI · Reconciliation of net assets $3,905,115 net assets at year end

XI-1 Total revenue$676,217

XI-2 Total expenses$764,193

XI-3 Revenue less expenses−$87,976

XI-4 Net assets at start of year$3,833,869

XI-5 Net unrealized gains (losses) on investments$159,222

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,905,115

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Impact-Coal Subtrust FY2023 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 FY2023 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