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Nonprofiteer
← TOOLBANK USA INC

Form 990 for tax year 2024

Filed by TOOLBANK USA INC.

Totals

Total revenue
$391,456
Total expenses
$443,456
Contributions and grants received
$282,788
Grants paid
$0
Program service revenue
$88,219
Investment income
$0
Other revenue
$20,449
Total assets, end of year
$679,461
Total liabilities, end of year
$297,350
Net assets or fund balances, end of year
$382,111
Program services expenses (Part IX)
$384,384
Management and general expenses
$36,287
Fundraising expenses
$22,785
Program service expenses (Part III)
$384,384

Program services were 86.7% 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.

  • 1c · Fundraising events

    $28,631

  • 1f · All other contributions, gifts and grants

    $254,157

  • 1g · Noncash contributions included above

    $17,995

  • 2a · Program service revenue: TOOL HANDLING FEES

    total $88,219 · related or exempt $88,219

  • 8a · Fundraising events: gross income

    $38,258

  • 8a · Fundraising events: contributions included on line 1c

    $28,631

  • 8b · Fundraising events: direct expenses

    $19,537

  • 8c · Net income from fundraising events

    total $18,721 · excluded $18,721

  • 11a · Other revenue: MISCELLANEOUS

    total $1,728 · excluded $1,728

  • 11e · Other revenue, total

    $1,728

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,386 · program services $72,578 · management and general $8,539 · fundraising $4,269

  • 7 · Other salaries and wages

    total $95,861 · program services $81,481 · management and general $9,587 · fundraising $4,793

  • 8 · Pension plan contributions

    total $1,659 · program services $1,410 · management and general $166 · fundraising $83

  • 9 · Other employee benefits

    total $20,860 · program services $17,731 · management and general $2,086 · fundraising $1,043

  • 10 · Payroll taxes

    total $14,013 · program services $11,911 · management and general $1,401 · fundraising $701

  • 11c · Fees: accounting

    total $10,116 · program services $8,599 · management and general $1,010 · fundraising $507

  • 11g · Fees: other

    total $8,287 · program services $7,044 · management and general $829 · fundraising $414

  • 13 · Office expenses

    total $2,133 · program services $1,706 · management and general $214 · fundraising $213

  • 16 · Occupancy

    total $88,861 · program services $79,086 · management and general $9,775

  • 17 · Travel

    total $993 · program services $844 · management and general $99 · fundraising $50

  • 22 · Depreciation, depletion and amortization

    total $2,058 · program services $1,749 · management and general $206 · fundraising $103

  • 23 · Insurance

    total $6,322 · program services $5,374 · management and general $632 · fundraising $316

  • 24a · Other expenses: WRITEOFF

    total $72,376 · program services $72,376

  • 24b · Other expenses: UTILITIES

    total $8,746 · program services $7,434 · management and general $875 · fundraising $437

  • 24c · Other expenses: DIRECT PROGRAM EXPENSES

    total $7,686 · program services $7,686

  • 24d · Other expenses: FUNDRAISING SUPPLIES

    total $6,412 · fundraising $6,412

  • 24e · All other expenses

    total $11,687 · program services $7,375 · management and general $868 · fundraising $3,444

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,410 · end of year $93,246

  • 2 · Savings and temporary cash investments

    beginning of year $40,086 · end of year $20,086

  • 8 · Inventories for sale or use

    beginning of year $317,794 · end of year $251,448

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,143 · end of year $7,143

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

    $30,218

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

    $26,398

  • 10c · Land, buildings and equipment, net

    beginning of year $5,878 · end of year $3,820

  • 15 · Other assets

    beginning of year $379,099 · end of year $303,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,912 · end of year $3,195

  • 25 · Other liabilities

    beginning of year $366,387 · end of year $294,155

  • 27 · Net assets without donor restrictions

    beginning of year $425,384 · end of year $382,111

  • 28 · Net assets with donor restrictions

    beginning of year $8,727 · end of year $0

Mission and programs · 2024

Mission

TO STEWARD AN INVENTORY OF TOOLS FOR LENDING TO CHARITABLE ORGANIZATION TO INCREASE THE IMPACT OF THEIR MISSION-RELATED EFFORTS IN THE COMMUNITY.

Activities or mission (Part I)

TO STEWARD AN INVENTORY OF TOOLS FOR LENDING TO CHARITABLE ORGANIZATIONS TO INCREASE THE IMPACT OF THEIR MISSION-RELATED EFFORTS IN THE COMMUNITY.

  • THE BALTIMORE COMMUNITY TOOLBANK STRENGTHENS AND CELEBRATES OUR SHARED COMMUNITY BY EMPOWERING A DIVERSITY OF COMMUNITY-BASED PARTNERS ACCROSS THE MID-ATLANTIC WITH THE TOOLS THEY NEED TO CARRY OUT THEIR ESSENTIAL WORK. BY LENDING A WIDE VARIETY OF LANDSCAPING, PAINTING, CLEANING, CONSTRUCTION, AND SAFETY GEAR FOR A SMALL RENTAL FEE, THE TOOLBANK HELPS TO FREE UP VITAL RESOURCES THAT WOULD OTHERWISE BE SPENT TO PURCHASE THESE ITEMS AND ALLOWS LOCAL GROUPS TO DIRECT THOSE FUNDS TO DOING MORE TO RENOVATE, RENEW, AND REVITALIZE.

    Expenses $384,384 · Revenue $88,219

As filed on the 2024 return.

Listed in Part VII

  • Matthew Reilly

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Steve Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Matthew T Wagman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Latoya Felder- Began January

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alec Cronin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ben Fertig Ph D

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Friedman- Began July

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jayson J Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Poirot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachel Reineke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Mattera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Claire Runquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reginald Smallwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cassandra Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anna Oneil- Began July

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ben Wilcox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ethan Lang- Began July

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chenire Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katie Kilby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Cameron

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Nikki Fiocco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Noah Smock

    EXECUTIVE DIRECTOR

    Total calculated
    $85,386
    From this org
    $82,874
    From related orgs
    $0
    Other
    $2,512
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503169349305535

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