Impact Energy Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 616156163 ✦ Lexington, KY ✦ Designated as a 501(c)(9)

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Overview

What is Impact Energy Trust?

Impact Energy Trust is a nonprofit organization that focuses on offering welfare benefits to employees of subscribing employers. These benefits include dental, accidental death and dismemberment, and group life insurance plans. As of June 30, 2022, the trust has successfully served and protected the well-being of 2,138 participating employees. The trust's mission is to provide these essential benefits, enhancing the financial security and peace of mind of the employees and their families.

Is Impact Energy Trust legitimate?

Impact Energy Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Impact Energy Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Impact Energy Trust?

The Impact Energy Trust's mission is centered around providing welfare benefits to its subscribing employers' employees. Specifically, it offers dental, accidental death and dismemberment, and group life insurance plans. As of June 30, 2022, the Trust serves a total of 2,138 participating employees. The Trust's primary objective is to ensure the well-being of its enrolled individuals by providing these essential insurance plans.

Who is the CEO of Impact Energy Trust?

Joseph J Jacobs is the Trustee of Impact Energy Trust.

What is the revenue of Impact Energy Trust?

Impact Energy Trust's revenue in 2022 was $695,333.

Who are the executives of Impact Energy Trust and what are their salaries?

There 4 volunteers at Impact Energy Trust.


Here are 5 key members and their salaries:


M Lynn Parrish (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles J Baird (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph J Jacobs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Justice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Community Trust Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $123,781
Where can I find the form 990 for Impact Energy Trust?

Impact Energy Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Impact Energy Trust

Impact Energy Trust, as a welfare benefits provider, is dedicated to supporting the employees of subscribing employers. The organization offers dental, accidental death and dismemberment, and group life insurance plans, providing a safety net for its participating employees. As of June 30, 2022, Impact Energy Trust has 2,138 individuals benefiting from these plans. The Trust's mission is to enhance the well-being of its members by offering these essential insurance plans, ensuring peace of mind for the employees and their families.

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Impact




October, 2024

Impact Energy Trust plays a significant role in enhancing the welfare of employees through a range of essential benefits. By offering dental coverage, accidental death and dismemberment, and group life insurance plans, the Trust ensures that participating employees of subscribing employers have access to crucial support and security. As of June 30, 2022, this impact extends to 2,138 individuals, providing them with peace of mind and financial protection in challenging times. This focus on mutual benefit underlines the Trust's commitment to supporting the workforce in Lexington, KY, promoting overall well-being and stability among its participants.




This information is meant to be a general summary of Impact Energy Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$695,333 (2022)
Expenses
$634,840 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $245,037
  • Program Service Revenue: $450,296
  • Gross Receipts: $1,870,107

Assets and Liabilities:

  • Total Assets: $3,876,263
  • Total Liabilities: $42,394
  • Net Assets: $3,833,869

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$450,296

Organization Details

Founding Year

1986

Principal Officer

Joseph J Jacobs

Main Address

230 LEXINGTON GREEN CIRCLE STE 400, LEXINGTON, KY, 40503

NTEE Category

Code: Y40 - Mutual benefit

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