Overview
What is Equipment And Tool Institute?
The Equipment and Tool Institute is a nonprofit organization based in Farmington Hills, Michigan. With a modest workforce of five individuals, its primary focus is to facilitate meetings among members in the automotive industry. These meetings aim to explore future designs of automotive systems and technology, particularly in relation to service tools and equipment, as well as the maintenance or repairs of such systems. The institute's mission is to foster closer relationships among automotive equipment tool manufacturers and technical information providers, encouraging an exchange of information between these entities for the benefit of both consumers and its members.
Official website here: www.etools.org
Is Equipment And Tool Institute legitimate?
Equipment And Tool Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Equipment And Tool Institute 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: $347,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,027
For more financial information, click here
Official website here: www.etools.org
What is the mission statement of Equipment And Tool Institute?
The Equipment and Tool Institute aims to foster closer relationships among automotive equipment tool manufacturers and technical information providers. One of their primary goals is to facilitate the exchange of information between these entities and automobile manufacturers for the advantage of both consumers and members. They achieve this by organizing meetings where industry professionals can discuss future designs of automotive systems and technology, focusing on service tools and equipment, as well as the maintenance or repairs of these systems.
Official website here: www.etools.org
What is the revenue of Equipment And Tool Institute?
Equipment And Tool Institute's revenue in 2023 was $980,740.
Official website here: www.etools.org
Who are the executives of Equipment And Tool Institute and what are their salaries?
The average compensation at Equipment And Tool Institute during 2023 was $132,949. There are 4 employees at Equipment And Tool Institute.
Here are 16 key members and their salaries:
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Official website here: www.etools.org
Where can I find the form 990 for Equipment And Tool Institute?
Equipment And Tool Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.etools.org
Learn more at the official website: www.etools.org
Mission Statement of Equipment And Tool Institute
The Equipment and Tool Institute, a collective of automotive equipment tool manufacturers and technical information providers, is dedicated to fostering closer relationships within its membership. Its mission is twofold: firstly, it aims to promote the exchange of information between the institute's members and automobile manufacturers, ultimately benefiting both parties and, in turn, consumers. Secondly, the organization organizes meetings for its members in the auto industry to discuss the future designs of automotive systems and technology as they relate to service tools and equipment, as well as the maintenance or repairs of these systems. This collaborative approach allows the Equipment and Tool Institute to play a significant role in shaping the future of automotive technology and ensuring that its members are well-equipped to meet the evolving needs of the industry.
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Impact
October, 2024
The Equipment and Tool Institute fosters collaboration among automotive equipment tool manufacturers and technical information providers, facilitating vital exchanges of information between auto manufacturers and its members. By organizing meetings, it encourages discussions on the future designs of automotive systems and technology, focusing on service tools, equipment, and maintenance or repairs. This collaborative environment promotes innovation and enhances the overall quality of automotive services, directly benefiting consumers and industry members alike. Through these initiatives, the institute contributes to the advancement of technology in the automotive sector and supports community improvement within the industry.
This information is meant to be a general summary of Equipment And Tool Institute. 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.
- Investment Income: $1,819
- Program Service Revenue: $208,187
- Gross Receipts: $980,740
Assets and Liabilities:
- Total Assets: $1,297,889
- Total Liabilities: $354,770
- Net Assets: $943,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership conferences
Revenue
$208,187
Organization Details
Founding Year
1947
Principal Officer
Brian Plott
Website
www.etools.orgNTEE Category
Code: S41 - Community improvement
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