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EIN 61-1087988

Commercial Bank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Grayson
State
Kentucky
Year formed
1986
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Commercial Bank Foundation is a private foundation located in Grayson, KY. Its purpose is to primarily fund scholarship grants for various qualifying students, including those at Kentucky Christian University and others. In addition to scholarship grants, it also provides charitable grants, sponsors events, purchases online financial literacy materials, and makes donations for disaster relief and Christmas gifts. The foundation made 18 grants last year and is committed to supporting the educational advancement of deserving students in its community.
Total revenues
$12,632
2023
Total expenses
$41,880
2023
Total assets
$246,977
2023
Num. employees
0
2023

Program areas at Commercial Bank Foundation

Scholarship grants to various qualifying students fourteen (14) individual scholarship grants
Carter county elementary schools-support for online financial literacy program
Kentucky christian university

Grants made by Commercial Bank Foundation

GranteeGrant descriptionAmount
Kentucky Christian University (KCU)Charitable Grants for Scholarships$15,000

Personnel at Commercial Bank Foundation

NameTitleCompensation
Mark StrotherTrustee$0

Financials for Commercial Bank Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,000
Investment income and dividends$632
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,632

Form 990s for Commercial Bank Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-10-13990PFView PDF
2021-122022-09-30990PFView PDF
2020-122021-06-23990PFView PDF
2019-122020-11-13990PFView PDF
...and 8 more Form 990s
Data update history
December 1, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
November 1, 2021
Posted financials
Added Form 990PF for fiscal year 2020
August 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
November 23, 2019
Posted financials
Added Form 990PF for fiscal year 2018
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
ChristianReligiousProvides grantsTax deductible donationsNo full-time employees
General information
Address
208 E Main St
Grayson, KY 41143
Metro area
Huntington-Ashland, WV-KY-OH
County
Carter County, KY
Phone
(606) 474-7811
IRS details
EIN
61-1087988
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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