Toolbank Usa Inc
- Assets
- $460.6k
- Revenue
- $327.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Charlotte, NC
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-1602981
Organization Overview
Toolbank Usa Inc is located in Charlotte, NC. The organization was established in 2010. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Toolbank USA Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Toolbank USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Toolbank USA Inc generated $327.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $362.0k during the year ending 12/2022. While expenses have increased by 13.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STEWARD AN INVENTORY OF TOOLS FOR LENDING TO CHARITABLE ORGANIZATIONS TO INCREASE THEIR IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REBUILDING NEIGHBORHOODS BY LENDING TOOLS AND EQUIPMENT FOR COMMUNITY SERVICE PROJECTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Krueger Executive Dir. | Officer | 45 | $77,382 |
Dan Stewart President | OfficerTrustee | 2 | $0 |
Darby Bryant Vice President | OfficerTrustee | 2 | $0 |
Alexandra Alu Secretary | OfficerTrustee | 2 | $0 |
Brad Porter Treasurer | OfficerTrustee | 2 | $0 |
Tom Booms Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,962 |
| Noncash contributions included in lines 1a–1f | $15,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,962 |
| Total Program Service Revenue | $155,163 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,381 |
| Compensation of current officers, directors, key employees. | $11,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,451 |
| Pension plan accruals and contributions | $4,703 |
| Other employee benefits | $4,757 |
| Payroll taxes | $13,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,350 |
| Advertising and promotion | $2,672 |
| Office expenses | $6,374 |
| Information technology | $173 |
| Royalties | $0 |
| Occupancy | $59,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,550 |
| Insurance | $7,423 |
| All other expenses | $3,323 |
| Total functional expenses | $362,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $155,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,016 |
| Total assets | $460,597 |
| Accounts payable and accrued expenses | $5,662 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $894 |
| Total liabilities | $6,556 |
| Net assets without donor restrictions | $410,841 |
| Net assets with donor restrictions | $43,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $460,597 |