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Nonprofiteer
← TOOLBANK USA INC

Form 990 for tax year 2024

Filed by TOOLBANK USA INC.

Totals

Total revenue
$3,700,532
Total expenses
$3,277,862
Contributions and grants received
$3,666,842
Grants paid
$0
Program service revenue
$0
Investment income
$33,690
Other revenue
$0
Total assets, end of year
$2,941,606
Total liabilities, end of year
$345,945
Net assets or fund balances, end of year
$2,595,661
Program services expenses (Part IX)
$2,936,173
Management and general expenses
$111,371
Fundraising expenses
$230,318
Program service expenses (Part III)
$2,936,173

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,666,842

  • 1g · Noncash contributions included above

    $813,610

  • 3 · Investment income

    total $33,690

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,282,864 · program services $1,019,877 · management and general $89,800 · fundraising $173,187

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $8,613 · program services $2,778 · management and general $5,835

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $19,171 · fundraising $19,171

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $23,290 · program services $18,516 · management and general $1,630 · fundraising $3,144

  • 13 · Office expenses

    total $231,506 · program services $222,003 · management and general $3,245 · fundraising $6,258

  • 14 · Information technology

    total $120,267 · program services $108,240 · fundraising $12,027

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $234,294 · program services $229,930 · management and general $2,182 · fundraising $2,182

  • 17 · Travel

    total $120,229 · program services $114,218 · fundraising $6,011

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $160,846 · program services $160,846

  • 22 · Depreciation, depletion and amortization

    total $226,197 · program services $221,673 · management and general $2,262 · fundraising $2,262

  • 23 · Insurance

    total $55,313 · program services $54,207 · management and general $553 · fundraising $553

  • 24a · Other expenses: Direct Program Costs

    total $751,361 · program services $751,361

  • 24b · Other expenses: Dues Subscriptions

    total $40,911 · program services $32,524 · management and general $2,864 · fundraising $5,523

  • 24c · Other expenses: Bad Debt Expense

    total $3,000 · management and general $3,000

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,338,937 · end of year $1,914,899

  • 3 · Pledges and grants receivable

    beginning of year $101,430 · end of year $98,601

  • 8 · Inventories for sale or use

    beginning of year $371,256 · end of year $566,528

  • 10a · Land, buildings and equipment: cost or other basis

    $742,866

  • 10b · Land, buildings and equipment: accumulated depreciation

    $419,022

  • 10c · Land, buildings and equipment, net

    beginning of year $327,416 · end of year $323,844

  • 15 · Other assets

    beginning of year $89,053 · end of year $37,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,378 · end of year $30,695

  • 25 · Other liabilities

    beginning of year $35,723 · end of year $315,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,533,362 · end of year $2,124,560

  • 28 · Net assets with donor restrictions

    beginning of year $639,629 · end of year $471,101

Mission and programs · 2024

Mission

Toolbank USA strengthens communities through the collaborative establishment of Toolbanks across the US and the provisions of infrastructure support to promote consistency and excellence for all local Toolbanks.

  • Toolbank USA supports other Toolbank affiliates. Toolbank USA provided key tech support services to these affiliates along with operational expertise and in-kind toolkit donations. Toolbank USA also operated the Toolbank diaster services which deployed mobile tool trailers to major diasters for response and recovery.

    Expenses $2,936,173

As filed on the 2024 return.

Listed in Part VII

  • Patty Russart

    CEO

    Total calculated
    $226,759
    From this org
    $0
    From related orgs
    $226,759
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $226,759
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $226,759
  • Trey Bearden

    CPO

    Total calculated
    $164,719
    From this org
    $0
    From related orgs
    $164,719
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,719
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $164,719
  • Krish Das

    President

    Total calculated
    $0
    Hours/week
    2
  • Camille Smith McMakin

    Vice President

    Total calculated
    $0
    Hours/week
    2
  • Kim Antifave

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Kitt Shipe

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Melissa Slone

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Eric Jacobs

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Brian Pham

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Paul Mitchell

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Kyle Green

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Abby Probst

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Bill Kruger

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Kathleen Barton

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Allison Stone

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Jeremy Torok

    Board Director

    Total calculated
    $0
    Hours/week
    2
  • Darby Bryant

    Board Director - Affiliate Rep

    Total calculated
    $0
    Hours/week
    2
  • Marly Maskill

    Executive Director - Affiliate Rep

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349307091

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