Toolbank Usa Inc
- Assets
- $645.7k
- Revenue
- $570.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Houston, TX
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 46-1152387
Organization Overview
Toolbank Usa Inc is located in Houston, TX. 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 12/2021, 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 12/2021, Toolbank USA Inc generated $570.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $510.1k during the year ending 12/2021. While expenses have increased by 13.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOUSTON COMMUNITY TOOLBANK IS A TOOL LENDING PROGRAM THAT PROVIDES OTHER NON-PROFIT ORGANIZATIONS WITH YEAR ROUND ACCESS TO QUALITY TOOLS FOR USE IN VOLUNTEER PROJECTS AND FACILITY GROUNDS MAINTENANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION STEWARDS AN INVENTORY OF TOOLS FOR LENDING TO OTHER NON-PROFIT ORGANIZATIONS TO INCREASE THE IMPACT OF THEIR MISSION RELATED EFFORTS IN THE COMMUNITY. IN 2020 THE ORGANIZATION SUPPORTED 5,302 UNIQUE PROJECTS WITH TOOLS VALUED AT $6.2 MILLION. THE TOOL LENDING EQUIPPED OVER 32,634 VOLUNTEERS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Hornsey Executive Director Through 6 21 | Officer | 40 | $57,646 |
Marly Maskill Executive Director From 7 21 | Officer | 40 | $53,138 |
Fred Stow Treasurer From 8 21 | OfficerTrustee | 1 | $0 |
Britt Sudduth Vice President | OfficerTrustee | 1 | $0 |
Ryan Whitaker Treasurer Through 7 21 Then Director | OfficerTrustee | 1 | $0 |
Emily Williams Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,147 |
| Related organizations | $0 |
| Government grants | $126,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,921 |
| Noncash contributions included in lines 1a–1f | $132,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,250 |
| Total Program Service Revenue | $44,847 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,624 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,361 |
| 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. | $110,784 |
| Compensation of current officers, directors, key employees. | $22,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,615 |
| Payroll taxes | $17,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,885 |
| Advertising and promotion | $1,972 |
| Office expenses | $7,930 |
| Information technology | $7,522 |
| Royalties | $0 |
| Occupancy | $38,316 |
| Travel | $99 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,961 |
| Insurance | $1,322 |
| All other expenses | $760 |
| Total functional expenses | $510,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,297 |
| Savings and temporary cash investments | $201,893 |
| Pledges and grants receivable | $902 |
| 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 | $3,425 |
| Net Land, buildings, and equipment | $248,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $645,654 |
| Accounts payable and accrued expenses | $5,042 |
| 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 | $0 |
| Total liabilities | $5,042 |
| Net assets without donor restrictions | $575,821 |
| Net assets with donor restrictions | $64,791 |
| 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 | $645,654 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Toolbank Usa Inc has recieved totaling $28,164.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1004 7th Avenue Holding Corporation Fort Worth, TX | $0 | $10,316,540 |
Houston Bike Share Houston, TX | $1,895,982 | $1,956,861 |
Bentonville-Bella Vista Chamber Of Commerce Foundation Inc Bentonville, AR | $1,255,174 | $267,631 |
Toolbank Usa Inc Houston, TX | $645,654 | $570,806 |
Fostering Family Houston, TX | $340,952 | $605,117 |
Texas Associtation Of Business & Chambers Of Commerce Foundation Austin, TX | $275,010 | $226,914 |
East Texas Speakers Forum Longview, TX | $162,256 | $373,275 |
Circa 1859 Inc Jonesboro, AR | $6,914 | $0 |
Culture Of Health - Advancing Together Pearland, TX | $110,464 | $209,041 |
Alice Volunteer Services Alice, TX | $555,548 | $135,954 |
Texas Rural Water Foundation Austin, TX | $125,539 | $0 |
Two Steppers Sugar Land, TX | $0 | $0 |