South King Tool Library
- Assets
- $36.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Federal Way, WA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-1562146
Organization Overview
South King Tool Library is located in Federal Way, WA. The organization was established in 2019. 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. South King 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 12/2021, South King Tool Library generated $105.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $87.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SKTL ELIMINATES BARRIERS AND EMPOWERS PEOPLE TO CREATE, MAINTAIN, FIX, IMPROVE AND SHARE THROUGH ITS VARIOUS PROGRAMS. COMMUNITY MEMBERS CHECK OUT TOOLS AND EQUIPMENT WHICH REDUCE THE BURDEN OF PURCHASING, STORING, AND MAINTAINING TOOLS FOR HOME AND YARD PROJECTS. TO COMPLEMENT TOOL CHECKOUT, SKTL OFFERS FREE CLASSES AND TRAINING ON A VARIETY OF TOPICS FROM HOME REPAIR TO NATURAL YARD CARE. COMMUNITY MEMBERS ALSO BRING THEIR SMALL HOUSEHOLD ITEMS TO QUARTERLY REPAIR CAFES FOR FREE REPAIR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Miller Executive Director | 40 | $54,600 | |
Kathleen Buchholz Program Manager | 20 | $2,238 | |
Tony Wilson Board Vice President | 1 | $0 | |
Donna Arnold Board President | 2 | $0 | |
Adelia Boyar Board Secretary | 2 | $0 | |
Kathryn Dunn Board Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,205 |
| Total Program Service Revenue | $40,425 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,634 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,113 |
| Professional fees and other payments to independent contractors | $5,165 |
| Occupancy, rent, utilities, and maintenance | $15,788 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,546 |
| Total expenses | $87,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,307 |
| Other assets | $0 |
| Total assets | $36,827 |
| Total liabilities | $27,986 |
| Net assets or fund balances | $8,841 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |
Clean & Safe Inc Portland, OR | $4,418,996 | $6,074,621 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |
Seashare Bainbridge Island, WA | $1,261,413 | $3,903,292 |
Community Development Corporation Of Oregon Gresham, OR | $6,944,361 | $9,733,954 |
Community Choice East Wenatchee, WA | $809,602 | $3,665,256 |
Thurston County Economic Development Council Lacey, WA | $705,199 | $3,432,826 |