Overview
What is Power Tool Institute Inc?
Power Tool Institute Inc, based in Cleveland, Ohio, is a nonprofit organization dedicated to serving the power tool industry. Their primary mission is to promote the business interests of this sector, advocate on its behalf before government entities, and educate the public on the importance and utility of power tools. They also strive to uphold high standards of safety and quality control in the manufacturing process of power tools, as well as disseminate information about safe usage of these tools. Currently, they are engaged in a joint venture project to evaluate and improve safety performance in table saws, furthering their goal of enhancing industry standards.
Official website here: www.powertoolinstitute.com
Is Power Tool Institute Inc legitimate?
Power Tool Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Power Tool Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.powertoolinstitute.com
What is the mission statement of Power Tool Institute Inc?
The Power Tool Institute Inc's mission is centered around promoting the interests of the power tool industry. They represent this industry before governmental bodies, advocating on its behalf. The organization also aims to educate the public, highlighting the utility and significance of power tools. Furthermore, Power Tool Institute Inc encourages high standards of safety and quality control in the manufacturing of power tools. Lastly, they prepare and distribute information about the safe use of power tools, promoting responsible and secure practices within the industry.
Official website here: www.powertoolinstitute.com
What is the revenue of Power Tool Institute Inc?
Power Tool Institute Inc's revenue in 2023 was $991,021.
Official website here: www.powertoolinstitute.com
Who are the executives of Power Tool Institute Inc and what are their salaries?
There 73 volunteers at Power Tool Institute Inc.
Here are 11 key members and their salaries:
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Official website here: www.powertoolinstitute.com
Where can I find the form 990 for Power Tool Institute Inc?
Power Tool Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.powertoolinstitute.com
Learn more at the official website: www.powertoolinstitute.com
Mission Statement of Power Tool Institute Inc
Power Tool Institute Inc, a prominent organization within the power tool industry, is dedicated to promoting its business interests. One of its primary missions is to represent the industry before government bodies, advocating on behalf of its members. Beyond this, the Institute seeks to educate the public on the usefulness and importance of power tools.
Safety and quality control are also key focuses for Power Tool Institute Inc. The organization works diligently to encourage high standards in the manufacturing of power tools. This involves preparing and distributing information about safe use of power tools, ensuring that users are well-equipped to handle these tools safely and effectively. By doing so, the Institute helps to foster confidence in the power tool industry and protects the public from potential hazards.
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Impact
October, 2024
Power Tool Institute Inc significantly impacts the power tool industry by focusing on improving safety and quality standards. Through its joint venture, the organization conducts comprehensive evaluations and research aimed at enhancing the safety performance of table saws. This initiative not only benefits manufacturers by promoting high standards in their products but also reinforces public confidence in the safety of power tools.
By representing the industry before governmental bodies, the Institute ensures that the concerns and interests of power tool manufacturers are heard, facilitating better regulations that contribute to overall safety. Additionally, its efforts in educating the public about the importance and safe use of power tools foster a culture of safety, which is crucial for reducing accidents and injuries associated with their use.
Overall, Power Tool Institute Inc plays a vital role in advancing safety performance, supporting industry interests, and promoting community improvement through its dedication to high-quality standards and public education about power tools.
This information is meant to be a general summary of Power Tool Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $360,786
- Gross Receipts: $991,021
Assets and Liabilities:
- Total Assets: $570,328
- Total Liabilities: $303,509
- Net Assets: $266,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$358,503
COMMISSION REVENUE
Revenue
$2,283
Organization Details
Founding Year
1969
Principal Officer
Susan Orenga
Website
www.powertoolinstitute.comNTEE Category
Code: S41 - Community improvement
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