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Nonprofiteer
← TOOLBANK USA INC

Form 990 for tax year 2024

Filed by TOOLBANK USA INC.

Totals

Total revenue
$635,837
Total expenses
$495,565
Contributions and grants received
$443,502
Grants paid
$0
Program service revenue
$197,626
Investment income
$0
Other revenue
-$5,291
Total assets, end of year
$949,371
Total liabilities, end of year
$344,536
Net assets or fund balances, end of year
$604,835
Program services expenses (Part IX)
$416,762
Management and general expenses
$46,837
Fundraising expenses
$31,966
Program service expenses (Part III)
$416,762

Program services were 84.1% 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

    $29,255

  • 1e · Government grants (contributions)

    $16,600

  • 1f · All other contributions, gifts and grants

    $397,647

  • 2a · Program service revenue: BUILDING CHANGE

    total $133,766 · related or exempt $133,766

  • 2b · Program service revenue: TOOL LENDING

    total $41,453 · related or exempt $41,453

  • 2c · Program service revenue: TOOLBOX PROGRAM

    total $9,406 · related or exempt $9,406

  • 2d · Program service revenue: FACILITIES USE & RENTAL

    total $7,148 · related or exempt $7,148

  • 2e · Program service revenue: SALES OF PRODUCT INCOME

    total $5,853 · related or exempt $5,853

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

    $29,255

  • 8b · Fundraising events: direct expenses

    $5,291

  • 8c · Net income from fundraising events

    total -$5,291

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,915 · program services $80,923 · management and general $4,496 · fundraising $4,496

  • 7 · Other salaries and wages

    total $164,580 · program services $148,122 · management and general $8,229 · fundraising $8,229

  • 10 · Payroll taxes

    total $20,146 · program services $18,132 · management and general $1,007 · fundraising $1,007

  • 11g · Fees: other

    total $9,500 · management and general $1,397 · fundraising $8,103

  • 12 · Advertising and promotion

    total $6,385 · fundraising $6,385

  • 13 · Office expenses

    total $656 · management and general $656

  • 16 · Occupancy

    total $95,507 · program services $85,956 · management and general $9,551

  • 19 · Conferences, conventions and meetings

    total $5,833 · management and general $5,833

  • 22 · Depreciation, depletion and amortization

    total $5,613 · program services $5,052 · management and general $561

  • 23 · Insurance

    total $17,631 · program services $10,579 · management and general $7,052

  • 24a · Other expenses: PROGRAM EXPENSES

    total $67,998 · program services $67,998

  • 24b · Other expenses: PAYROLL SERVICES

    total $3,902 · management and general $3,902

  • 24c · Other expenses: CREDIT LOSS

    total $3,500 · management and general $3,500

  • 24d · Other expenses: OTHER

    total $2,899 · management and general $433 · fundraising $2,466

  • 24e · All other expenses

    total $1,500 · management and general $220 · fundraising $1,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $413,719 · end of year $576,268

  • 4 · Accounts receivable

    beginning of year $22,562 · end of year $15,711

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

    $263,875

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

    $263,128

  • 10c · Land, buildings and equipment, net

    beginning of year $6,360 · end of year $747

  • 15 · Other assets

    beginning of year $63,610 · end of year $356,645

  • 17 · Accounts payable and accrued expenses

    end of year $9,508

  • 25 · Other liabilities

    beginning of year $41,688 · end of year $335,028

  • 27 · Net assets without donor restrictions

    beginning of year $464,563 · end of year $604,835

Mission and programs · 2024

Mission

RICHMOND COMMUNITY TOOLBANK PROVIDES TOOLS TO ENHANCE THE CHARITABLE SECTOR'S CAPACITY TO SERVE, FACILITATING HANDS-ON VOLUNTEERISM IN THE GREATER RICHMOND AREA.

  • SINCE 2015 RICHMOND TOOLBANK HAS LOANED MORE THAN 7.5MM IN TOOLS & EQUIPMENT TO 500 ORGANIZATIONS EQUIPPING 115,000 VOLUNTEERS ON 20,000 PROJECTS. THROUGH OUR TOOLS FOR CHANGE TOOL LENDING PROGRAM, WE HAVE SAVED THE NONPROFIT SECTOR IN CENTRAL VIRGINIA OVER 7MM. THESE SAVINGS ARE PLOWED BACK INTO THE SERVICES AND PROGRAMS OUR NONPROFIT MEMBERS OFFER, WHICH ENABLES THEM TO DO MORE WITH LIMITED RESOURCES AVAILABLE, YEAR AFTER YEAR. TOOLBANK'S BUILDING CHANGE PROGRAM FILLS A GROWING NEED FOR OUTDOOR FURNITURE AND PLACEMAKING INFRASTRUCTURE BY LEVERAGING THE USE OF OUR EXTENSIVE TOOL INVENTORY AND THE POWER OF VOLUNTEERS. WE PROVIDE AN OPEN REQUEST FORM TO ANY COMMUNITY ORGANIZATION THAT EXPERIENCES A NEED, AND WE FULFILL THOSE NEEDS CONTINUALLY. SINCE 2016 WE'VE BUILT OVER 3,200 OUTDOOR FURNITURE ITEMS THAT HAVE BEEN DONATED TO OVER 200 PARKS, COMMUNITY CENTERS, SCHOOLS, AND PUBLIC SPACES. RICHMOND TOOLBANK'S TOOLBOX PROGRAM OFFERS HANDS-ON HOMECARE & DIY WORKSHOPS TO INDIVIDUALS TO HELP BUILD SKILLS, GAIN CONFIDENCE, AND HAVE MORE FUN CARING FOR THEIR HOMES. ALL TOOLS, MATERIALS, AND WORKSHOP SUPPLIES ARE PROVIDED. IT HAS HOSTED OVER 67 WORKSHOPS SINCE LAUNCHING IN JAN 2024, WITH OVER 505 PARTICIPANTS. WORKSHOPS COVERED 14 HOME CARE TOPICS, FROM BASIC MAINTENANCE TO ADVANCED HOME IMRPROVEMENT. THIS HAS LED TO OVER 132 HOURS OF IMMERSIVE LEARNING FOCUSED ON SKILL TRAINING AND BUILDING CONFIDENCE.

    Expenses $416,762 · Revenue $641,128

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Toby Vernon

    EXECUTIVE DI

    Total calculated
    $89,915
    From this org
    $86,915
    From related orgs
    $0
    Other
    $3,000
    Hours/week
    40
  • Amanda Galvin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Todd Cornell

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3
  • Mike Rodgers

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Heather Diehl

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Steve Schroder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Michael Joyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Chris Sessa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Katie Chalmers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Calvin Pugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mary Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ryan Kirtner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kaetlin Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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
12 November 2025
IRS schema version
2024v5.0
Source object
202503179349306455

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