Asheville Tool Library
- Assets
- $176.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 83-0930886
Organization Overview
Asheville Tool Library is located in Asheville, NC. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Tool Library 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 12/2023, Asheville Tool Library generated $89.9k in total revenue. All expenses for the organization totaled $75.7k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AT THE END OF 2023 WE HAVE 891 CURRENT MEMBERS WHO MAY CHECK OUT TOOLS FROM FROM OUR EXTENSIVE INVENTORY WITH NO FEE ABOVE THE YEARLY MEMBERSHIP WHICH IS BASED ON AN HONOR SYSTEM SLIDING SCALE OF $50 TO $250. WE PROVIDED 153 FULL SCHOLARSHIPS IN 2023 VALUED AT $150, THE AVERAGE MEMBERSHIP FEE. WE BEGAN OFFERING CLASSES AND WORKSHOPS ON A VARIETY OF DIY TOPICS IN 2023 AND NEXT YEAR WILL BE DEVELOPING NEW PROGRAMS SERVICES TO EXPAND OUR CAPACITY FOR THE EDUCATIONAL PART OF OUR MISSION. WE ARE A VOLUNTEER RUN ORGANIZATION WITH A SINGLE PART TIME EMPLOYEE SO MOST OF OUR EXPENSES ARE PROGRAM EXPENSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keenan Phillips Board Chair | 5 | $0 | |
Stephanie Kane Secretary | 15 | $0 | |
Ken Kelley Vice Chair | 5 | $0 | |
Bridget Nelson Treasurer | 5 | $0 | |
Witold Siwanowicz Board Member | 5 | $0 | |
Megan Caroll Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,674 |
| Total Program Service Revenue | $61,604 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,774 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $24,153 |
| Printing, publications, postage, and shipping | $94 |
| Other expenses | $14,701 |
| Total expenses | $75,722 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,516 |
| Other assets | $0 |
| Total assets | $176,185 |
| Total liabilities | $0 |
| Net assets or fund balances | $176,185 |