Community Trust Bank Charitable

Foundation · Grantmaker PIKEVILLE, KY EIN: 88-3662862

Community Trust Bank Charitable is a private foundation focused on Human Services, based in PIKEVILLE, KY. IRS filing data is available for 2022. As of 2022, the organization holds $56K in total assets. In 2022, it awarded 8 grants totaling $69K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

$56K

Annual Giving

$69K

Grant Count

Avg Grant Size

$9K

Under IRS private-foundation payout rules, Community Trust Bank Charitable reported a distributable amount of $851 for 2022 — the minimum it must pay out in qualifying distributions.

About Community Trust Bank Charitable

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $69K (100%)

States

Kentucky

Cities

ByproErmineHindmanJenkinsLost CreekPikevilleVirgie

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022
Total Assets	$56,366
Revenue	$125,829
Expenses	$69,463
Qualifying Distributions	$69,463
Net Investment Income	—
Distributable Amount	$851

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2022

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include James Matt Combs ($14,000), Carol Mosley ($14,000), Lucinda Mullins ($14,000).

Recipient	Purpose	Amount
James Matt Combs Lost Creek, KY	flood loss reimbursement	$14,000
Casey Tackett Virgie, KY	flood loss reimbursement	$4,000
Linda Nease Ermine, KY	flood loss reimbursement	$4,300
Carol Mosley Hindman, KY	flood loss reimbursement	$14,000
Julie Coleman Jenkins, KY	flood loss reimbursement	$7,663
Lucinda Mullins Bypro, KY	flood loss reimbursement	$14,000
Twila Rose Jenkins, KY	flood loss reimbursement	$4,000
McKayla Lucas Pikeville, KY	flood loss reimbursement	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
Mark Gooch	President / Director	1	—
Richard Newsom	Vice President / Director	1	—
Kevin Stumbo	Treasurer / Director	1	—
Charles W Hancock	Secretary	1	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Community Trust Bank Charitable?

Community Trust Bank Charitable is a private foundation focused on Human Services, based in PIKEVILLE, KY. It holds $56K in total assets as of 2022.

How large is Community Trust Bank Charitable?

As of 2022, Community Trust Bank Charitable holds $56K in total assets with $126K in annual revenue. It awarded 8 grants totaling $69K in 2022.

Where does Community Trust Bank Charitable operate?

Community Trust Bank Charitable has awarded grants in Kentucky.

What size grants does Community Trust Bank Charitable award?

In 2022, Community Trust Bank Charitable awarded 8 grants totaling $69K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Community Trust Bank Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Community Trust Bank Charitable reported a distributable amount of $851 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.