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Northeast Minneapolis Tool Library

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

EIN: 471051712 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Northeast Minneapolis Tool Library?

The Northeast Minneapolis Tool Library is a nonprofit organization that empowers its community by lending tools to over 1,000 members. Its primary mission is to foster self-sufficiency skills, offering project-based training on safe tool usage. Through its programs, thousands of tools have been circulated among its members, promoting DIY projects and fostering a sense of community. By doing so, the Tool Library plays a significant role in enriching the lives of its members and contributing to the local community.


Official website here: www.mntoollibrary.org

Is Northeast Minneapolis Tool Library legitimate?

Northeast Minneapolis Tool Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Minneapolis Tool Library submitted a form 990EZ, 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.


Official website here: www.mntoollibrary.org

What is the mission statement of Northeast Minneapolis Tool Library?

The Northeast Minneapolis Tool Library's mission is centered around fostering community self-sufficiency. By offering tool lending services to over a thousand members, the library encourages DIY projects and promotes safe tool usage through targeted training sessions. As a result, thousands of tools have been utilized through their programs, contributing to the development of various skills within the community.


Official website here: www.mntoollibrary.org

Who is the CEO of Northeast Minneapolis Tool Library?

Kate Hersey is the Executive Director of Northeast Minneapolis Tool Library.


Official website here: www.mntoollibrary.org

What is the revenue of Northeast Minneapolis Tool Library?

Northeast Minneapolis Tool Library's revenue in 2022 was $168,421.


Official website here: www.mntoollibrary.org

Who are the executives of Northeast Minneapolis Tool Library and what are their salaries?


Here are 6 key members and their salaries:


Timothy Mccormick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Wefel (Boardmember)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katheryn Schneider (Boardmember)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Hersey (Executive Director)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
Leann Groth (Boardmember)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Schneider (Boardmember)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mntoollibrary.org

Where can I find the form 990EZ for Northeast Minneapolis Tool Library?

Northeast Minneapolis Tool Library's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.mntoollibrary.org

Learn more at the official website: www.mntoollibrary.org

Mission Statement of Northeast Minneapolis Tool Library

The Northeast Minneapolis Tool Library is a community-focused organization that aims to promote self-sufficiency among its members. By providing access to over a thousand tools, this nonprofit empowers individuals to take on various projects with confidence. Beyond tool lending, the library offers project-based training on safe tool usage, ensuring that its members utilize these resources effectively and responsibly. As a result, thousands of tools are borrowed and utilized through the library's programs, fostering a sense of community and shared resourcefulness.

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Impact




October, 2024

Northeast Minneapolis Tool Library significantly enhances community self-sufficiency by lending tools to over 1,000 members and offering project-based training on safe tool usage. This initiative empowers individuals to undertake various projects, from home repairs to creative endeavors, fostering skill development and confidence. By lending thousands of tools, the organization not only promotes DIY culture but also encourages resource sharing, reducing the need for personal tool ownership. This collaborative environment cultivates a sense of community while enhancing practical skills and supporting local initiatives.




This information is meant to be a general summary of Northeast Minneapolis Tool Library. 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
$168,421 (2022)
Expenses
$154,703 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $69
  • Program Service Revenue: $55,176
  • Gross Receipts: $168,421

Assets and Liabilities:

  • Total Assets: $147,834
  • Total Liabilities: $0
  • Net Assets: $147,834

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Organization Details

Principal Officer

Kate Hersey

Main Address

1620 Central Avenue NE Suite 126, Minneapolis, MN, 55413

NTEE Category

Code: B70 - Education

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