Overview
What is Mid-West Tool Collectors Association Inc?
Mid-West Tool Collectors Association Inc is a nonprofit organization situated in Harrisonburg, Virginia. The organization's primary mission is to delve into the study, preservation, and dissemination of knowledge related to tools. They achieve this through the publication of a quarterly journal titled "Gristmill," which in 2019, totaled 240 pages, 150 of which were dedicated to research-based articles on antique tools and implements. The publication also features updates on committee meetings, auxiliary activities, and obituaries, among others. The authors of these articles do not receive compensation for their work. Each issue of the journal is printed in 4,200 copies, with 3,900 distributed to the members and the remaining copies given to new members upon joining. An annual membership directory is issued to all members, which includes the organization's bylaws, mission statement, and a list of officers and directors.
Official website here: www.mwtca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the Mid-West Tool Collectors Association Inc has received a two-star rating, indicating that there are areas needing attention. With a total score of 67%, the organization shows strengths in board independence and governance, achieving full marks for having majority independent board members and effective asset management.
However, significant shortcomings are evident in their accountability and financial practices. The absence of essential policies, such as conflict of interest and whistleblower policies, has contributed to a lower score in governance. Moreover, their program expense ratio indicates that not all funds are being effectively directed towards their stated mission.
To enhance their standing, the organization should focus on improving its governance policies and ensuring that more resources are allocated to program activities. Addressing these issues could lead to better transparency and accountability, ultimately benefiting their mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-West Tool Collectors Association Inc legitimate?
Mid-West Tool Collectors Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-West Tool Collectors Association 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: $19,694
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mwtca.org
What is the mission statement of Mid-West Tool Collectors Association Inc?
The Mid-West Tool Collectors Association Inc's mission revolves around the pursuit of knowledge related to tools. They are committed to studying, preserving, and sharing this knowledge. This is achieved through the publication of their magazine, the Gristmill, four times a year. In 2019, the magazine featured 40 researched articles on antique tools and implements, totaling 240 pages. Besides publishing articles, the magazine also reports on committee meetings, auxiliary activities, obituaries, and advertisements. The association does not compensate its authors for their published articles. They print 4,200 copies of each issue, distributing 3,900 to its members and new joiners. The association also provides a membership directory to all members, which includes their bylaws, mission statement, a list of officers and directors.
Official website here: www.mwtca.org
What is the revenue of Mid-West Tool Collectors Association Inc?
Mid-West Tool Collectors Association Inc's revenue in 2024 was $137,395.
Official website here: www.mwtca.org
Who are the executives of Mid-West Tool Collectors Association Inc and what are their salaries?
Here are 27 key members and their salaries:
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Official website here: www.mwtca.org
Where can I find the form 990 for Mid-West Tool Collectors Association Inc?
Mid-West Tool Collectors Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mwtca.org
Learn more at the official website: www.mwtca.org
Mission Statement of Mid-West Tool Collectors Association Inc
Mid-West Tool Collectors Association Inc, as a nonprofit organization, is dedicated to the pursuit of knowledge about tools and implements. Their primary mission is threefold: studying, preserving, and sharing this knowledge. Through their publications, they contribute significantly to this endeavor. Every year, they publish four issues of their newsletter, the Gristmill, totaling around 240 pages. The content of these issues is diverse, with approximately 150 pages dedicated to researched articles on antique tools. The remaining pages cover various other topics such as committee meetings, auxiliary activities, obituaries, and advertising events.
What sets Mid-West Tool Collectors Association Inc apart is their commitment to knowledge dissemination. They do not compensate their authors for their published articles, ensuring that the focus remains on the sharing of information rather than financial gain. Their publications reach a wide audience, with 4,200 copies printed for each issue. These are distributed to the organization's members, with any remaining copies given to new members upon joining. In addition to their publications, Mid-West Tool Collectors Association Inc also maintains a membership directory for all its members, which includes the organization's by-laws, mission statement, a listing of officers and directors, and other relevant information.
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Impact
October, 2024
The Mid-West Tool Collectors Association Inc plays a vital role in the study, preservation, and dissemination of knowledge about tools, particularly antique ones. Through the publication of "The Gristmill," the organization engages its members by offering in-depth articles and research on historical tools and implements, fostering a deeper appreciation for craftsmanship and tool heritage. In 2019, their commitment was evident as they produced 240 pages of content, with a significant portion dedicated to 40 detailed research articles that explore the nuances and history of these tools.
By distributing 4,200 copies of each issue—primarily to its 3,900 members—the association ensures that valuable information reaches a wide audience, enhancing collective knowledge among enthusiasts and collectors. Additionally, the publication includes updates on committee meetings, auxiliary activities, and community news, creating a robust network of engaged members. The issuance of a membership directory further solidifies community connections and facilitates communication among those sharing a passion for tool preservation.
Ultimately, the Mid-West Tool Collectors Association Inc contributes significantly to cultural and historical preservation, ensuring that the stories and craftsmanship behind tools are celebrated and passed on to future generations.
This information is meant to be a general summary of Mid-West Tool Collectors Association 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 2024.
- Investment Income: $9
- Program Service Revenue: $12,418
- Gross Receipts: $137,395
Assets and Liabilities:
- Total Assets: $1,111,830
- Total Liabilities: $0
- Net Assets: $1,111,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRISTMILL & DIRECTORY
Revenue
$7,164
AUCTION COMMITTEE
Revenue
$756
SEMI-ANNUAL MEETING
Revenue
$4,498
Organization Details
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