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Charlotte Community Toolbank Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271602981 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Charlotte Community Toolbank Inc?

Charlotte Community Toolbank Inc is a nonprofit organization situated in Charlotte, North Carolina, specifically at 2513 S Tryon Street. Their primary mission is to support charitable organizations by providing them with tools and equipment for community service projects. By stewarding an inventory of tools, they aim to enhance the impact of these organizations. With a workforce of six dedicated individuals, Charlotte Community Toolbank Inc plays a crucial role in facilitating neighborhood rebuilding initiatives through their lending services.


Official website here: www.charlotte.toolbank.org

Is Charlotte Community Toolbank Inc legitimate?

Charlotte Community Toolbank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Community Toolbank 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $77,381
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,451

For more financial information, click here


Official website here: www.charlotte.toolbank.org

What is the mission statement of Charlotte Community Toolbank Inc?

Charlotte Community Toolbank Inc's mission is centered around managing a collection of tools for loaning to charitable organizations. This initiative aims to enhance the impact of these organizations by providing them with necessary tools for community service projects. In simpler terms, the organization's mission is to facilitate the revitalization of neighborhoods by lending tools and equipment for various community service projects. By doing so, they effectively empower charitable organizations to carry out their missions more efficiently and effectively.


Official website here: www.charlotte.toolbank.org

Who is the CEO of Charlotte Community Toolbank Inc?

Alexandra Alu is the Executive Dir. of Charlotte Community Toolbank Inc.


Official website here: www.charlotte.toolbank.org

What is the revenue of Charlotte Community Toolbank Inc?

Charlotte Community Toolbank Inc's revenue in 2022 was $327,843.


Official website here: www.charlotte.toolbank.org

Who are the executives of Charlotte Community Toolbank Inc and what are their salaries?

The average compensation at Charlotte Community Toolbank Inc during 2022 was $26,972. There are 6 employees and 330 volunteers at Charlotte Community Toolbank Inc.


Here are 16 key members and their salaries:


Maureen Krueger (Executive Dir.)
  • Compensation: $77,382
  • Related: $0
  • Other: $5,700
Dan Stewart (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darby Bryant (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexandra Alu (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Porter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Booms (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Downing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Dugan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aj Jobe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Mears (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Munkres (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Poe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meganne Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Reinke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carley Rossi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Tropsha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.charlotte.toolbank.org

Where can I find the form 990 for Charlotte Community Toolbank Inc?

Charlotte Community Toolbank Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.charlotte.toolbank.org

Learn more at the official website: www.charlotte.toolbank.org

Mission Statement of Charlotte Community Toolbank Inc

Charlotte Community Toolbank Inc is dedicated to managing a collection of tools and equipment, which it lends out to charitable organizations. This mission aims to enhance the impact of these organizations in their community service projects. By providing easy access to necessary tools, Charlotte Community Toolbank Inc helps in the rebuilding and improvement of neighborhoods. This initiative allows charitable organizations to focus on their primary objectives, without the burden of acquiring and maintaining the tools required for their projects. In essence, Charlotte Community Toolbank Inc acts as a steward, facilitating the success of various community-driven initiatives.

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Impact




October, 2024

Charlotte Community Toolbank Inc significantly enhances the capacity of charitable organizations in Charlotte, NC, by providing access to a wide array of tools and equipment. By lending out these essential resources, the organization enables local groups to effectively execute community service projects that directly contribute to neighborhood revitalization and improvement.

This initiative supports a diverse range of activities, from home repairs and community gardens to educational programs and artistic projects, empowering volunteers and organizations to make tangible changes in their communities. With the provision of tools, these groups can maximize their impact, ensuring that projects are accomplished efficiently and effectively, ultimately fostering a sense of community pride and cohesion. The Toolbank's presence in Charlotte is thus a critical asset for amplifying community service efforts and driving positive change.




This information is meant to be a general summary of Charlotte Community Toolbank 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.

Revenue
$327,843 (2022)
Expenses
$362,000 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $155,163
  • Gross Receipts: $328,139

Assets and Liabilities:

  • Total Assets: $460,597
  • Total Liabilities: $6,556
  • Net Assets: $454,041

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program Income

Revenue

$155,163

Organization Details

Founding Year

2010

Principal Officer

Alexandra Alu

Main Address

2513 S Tryon Street, Charlotte, NC, 28203

NTEE Category

Code: S192 - Community improvement

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