Station North Tool Library Inc
- Assets
- $266.0k
- Revenue
- $735.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- Data as of
- 06/2024
- EIN
- 84-3734496
Organization Overview
Station North Tool Library Inc is located in Baltimore, MD. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2024, Station North Tool Library Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Station North Tool Library Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE STATION NORTH TOOL LIBRARY SEEKS TO EMPOWER ALL PEOPLE TO IMPROVE THEIR LIVES AND ENVIRONMENTS, THROUGH AFFORDABLE ACCESS TO TOOLS, SKILLS, AND WORKSPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FISCAL YEAR, WE SERVED 1,891 MEMBERS THROUGH TOOL LENDING, LOANED 1,779 DIFFERENT TOOLS IN 16,555 TRANSACTIONS, PROVIDED LOW-COST HOME CARE, REPAIR, AND CRAFTS EDUCATION TO 1,556 PEOPLE, AND PROVIDED INDEPENDENT WORKSHOP SPACE TO 291 PEOPLE. WE ALSO HOSTED A PUBLIC FIX-IT FAIR WHICH REPAIRED 110 HOUSEHOLD ITEMS FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanna Frick Executive Dir. | OfficerTrustee | 40 | $82,362 |
Jenn Kim Director | OfficerTrustee | 40 | $62,515 |
Jessa Wais Director | OfficerTrustee | 40 | $62,515 |
Christopher Lavoie Director | OfficerTrustee | 31 | $52,885 |
Jason Dembeck Treasurer | Trustee | 2 | $0 |
Lou Williams Secretary | Trustee | 2 | $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 | $391,573 |
| Noncash contributions included in lines 1a–1f | $55,142 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,573 |
| Total Program Service Revenue | $343,184 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $734,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $278,325 |
| Compensation of current officers, directors, key employees. | $81,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,503 |
| Advertising and promotion | $5,747 |
| Office expenses | $5,344 |
| Information technology | $7,001 |
| Royalties | $0 |
| Occupancy | $32,227 |
| Travel | $42 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,720 |
| Insurance | $10,082 |
| All other expenses | $14,741 |
| Total functional expenses | $541,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,076 |
| 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 | $26,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,951 |
| Accounts payable and accrued expenses | $0 |
| 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 | $57,906 |
| Total liabilities | $57,906 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $193,237 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,808 |
| Total liabilities and net assets/fund balances | $265,951 |