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Nonprofiteer
← TOOL LIBRARY INC

Form 990-EZ for tax year 2022

Filed by TOOL LIBRARY INC.

Totals

Total revenue
$115,219
Total expenses
$86,847
Contributions and grants received
$77,919
Grants paid
not reported
Program service revenue
$5,577
Membership dues (line 3)
$29,488
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
$2,584
Gross profit on inventory sales (line 7c)
-$349
Other revenue (line 8)
not reported
Total assets, end of year
$275,985
Total liabilities, end of year
$367
Net assets or fund balances, end of year
$275,618
Program service expenses (Part III)
$82,883

Program services were 95.4% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2022

Primary exempt purpose

To provide communities with the tools they need to create the change they want

  • Tool Lending Program 1,170 active members borrowed 4,520 tools in 14,554 transactions for 2022. These borrowed tools provided $587,355 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community.

    Expenses $69,075

  • Service Days - 12 events in 2022 brought together 460 volunteers and a total of 1,360 volunteer hours. As a whole 3,150 bulbs and 52 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.

    Expenses $13,488

  • Dare to Repair events in 2022 had 145 participants who were aided by 38 volunteers to work on 102 items which otherwise would have become waste. There were 79 successful fixes and 889.4lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.

    Expenses $320

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Eric Borenstein

    Director

    Total calculated
    $0
    Hours/week
    1
  • Rob Townsley

    Director

    Total calculated
    $0
    Hours/week
    1
  • Barry Weiss

    Director

    Total calculated
    $0
    Hours/week
    1
  • Zhi Ting Phua

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jack Greco

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kevin Brady

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jenna Curran

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mario Ayoub

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dylan Burns

    Director

    Total calculated
    $0
    Hours/week
    1
  • Barbara Bono

    Director

    Total calculated
    $0
    Hours/week
    1
  • Darren Cotton

    President

    Total calculated
    $0
    Hours/week
    40
  • Dylan Steed

    Vice President

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
22 February 2023
IRS schema version
2022v4.1
Source object
202330539349200923

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