Totals
- Total revenue
- $240,805
- Total expenses
- $144,713
- Contributions and grants received
- $222,472
- Grants paid
- $0
- Program service revenue
- $10,022
- Investment income
- $1,098
- Other revenue
- $7,213
- Total assets, end of year
- $406,731
- Total liabilities, end of year
- $1,983
- Net assets or fund balances, end of year
- $404,748
- Program services expenses (Part IX)
- $120,685
- Management and general expenses
- $8,308
- Fundraising expenses
- $15,720
- Program service expenses (Part III)
- $120,685
Program services were 83.4% 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.
-
1b · Membership dues
$47,943
-
1e · Government grants (contributions)
$38,000
-
1f · All other contributions, gifts and grants
$136,529
-
1g · Noncash contributions included above
$10,654
-
2a · Program service revenue: Late fees
total $6,556 · related or exempt $6,556
-
2b · Program service revenue: Supertool rental incom
total $1,966 · related or exempt $1,966
-
2c · Program service revenue: Dare to Repair
total $1,500 · related or exempt $1,500
-
3 · Investment income
total $1,098 · related or exempt $1,098
-
8a · Fundraising events: gross income
$11,056
-
8b · Fundraising events: direct expenses
$6,060
-
8c · Net income from fundraising events
total $4,996 · excluded $4,996
-
10a · Gross sales of inventory
$3,140
-
10b · Cost of goods sold
$923
-
10c · Net income from sales of inventory
total $2,217 · excluded $2,217
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $32,000 · program services $26,744 · management and general $1,856 · fundraising $3,400
-
7 · Other salaries and wages
total $30,390 · program services $30,390
-
9 · Other employee benefits
total $660 · program services $594 · management and general $20 · fundraising $46
-
10 · Payroll taxes
total $5,434 · program services $4,891 · management and general $163 · fundraising $380
-
11c · Fees: accounting
total $4,000 · program services $1,110 · management and general $345 · fundraising $2,545
-
11g · Fees: other
total $4,390 · program services $3,526 · management and general $864
-
12 · Advertising and promotion
total $2,933 · program services $1,482 · fundraising $1,451
-
13 · Office expenses
total $3,630 · program services $3,549 · management and general $81
-
16 · Occupancy
total $39,148 · program services $31,018 · management and general $3,672 · fundraising $4,458
-
19 · Conferences, conventions and meetings
total $1,694 · program services $1,274 · management and general $220 · fundraising $200
-
23 · Insurance
total $4,584 · program services $3,988 · management and general $596
-
24a · Other expenses: Program supplies & expe
total $4,572 · program services $4,572
-
24b · Other expenses: Bank charges & fees
total $4,028 · program services $1,764 · management and general $129 · fundraising $2,135
-
24c · Other expenses: Printing and copying
total $1,791 · program services $638 · management and general $183 · fundraising $970
-
24d · Other expenses: Tool maintenance & repa
total $1,707 · program services $1,707
-
24e · All other expenses
total $3,752 · program services $3,438 · management and general $179 · fundraising $135
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $164,715 · end of year $245,199
-
15 · Other assets
beginning of year $111,270 · end of year $161,532
-
25 · Other liabilities
beginning of year $367 · end of year $1,983
-
27 · Net assets without donor restrictions
beginning of year $275,618 · end of year $404,748
Mission and programs · 2023
Mission
The Tool Library, Inc. promotes borrowing over buying by increasing trust between neighbors and neighborhoods through empowerment by removing economic barriers for individuals and community projects, enhances sustainability by encouraging community involvement to share practical resources and knowledge, reduces waste, and lowers barriers to access.
Activities or mission (Part I)
To provide communities with the tools they need to create the change they want
-
1,421 active members borrowed 4,874 tools in 19,478 transactions for 2023. These borrowed tools provided $730,889 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 $101,754 · Revenue $9,620
-
Service Days - 12 events in 2023 brought together 373 volunteers and a total of 1,122 volunteer hours. As a whole 4,100 bulbs and 57 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.
Expenses $12,719
-
Dare to Repair - 11 events in 2023 had 482 participants who were aided by 52 volunteers to work on 379 items which otherwise would have become waste. There were 274 successful fixes and 2,667lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.
Expenses $6,212 · Revenue $1,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Darren Cotton
Executive Director
- Total calculated
- $32,000
- From this org
- $32,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dylan Steed
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric Borenstein
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cheyenne Ketter-Franklin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rob Townsley
SecretarySecretary
- Total calculated
- $0
- Hours/week
- 5
-
Barbara Cross
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Jenna Curran
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
-
Dave Harter
President
- Total calculated
- $0
- Hours/week
- 5
-
Kamal Patel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Melanie Rushforth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kellyn Torres
Director
- Total calculated
- $0
- Hours/week
- 1
-
Drew Canfield
Director
- Total calculated
- $0
- Hours/week
- 1
-
Antionette McClainMcClain
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Alexander
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael McManus
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Turner
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 24 February 2024
- IRS schema version
- 2023v4.0
- Source object
- 202410679349301116
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.