Overview
What is Atlanta Community Toolbank?
Atlanta Community Toolbank is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to manage a collection of tools that they lend to charitable organizations at affordable rates. This practice aids these organizations in completing their community improvement projects more economically. By doing so, they aim to amplify the impact of these organizations' mission-related efforts within their communities. The Toolbank generates revenue through tool lending and service fees, as well as donations from local individuals, corporations, and foundations based in the Atlanta metropolitan area.
Official website here: www.atlantatoolbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Atlanta Community Toolbank has been rated with an 87% score by Charity Navigator, reflecting strong performance in accountability and finance. The organization achieved a high score of 90% in accountability metrics, indicating effective governance with 100% independent board members and no material diversion of assets. Additionally, it maintains a favorable program expense ratio of 80.84%, demonstrating a significant focus on its mission-driven activities.
However, the organization does have some limitations in its governance practices. It is noted that policies related to whistleblower protection and document retention are missing, which could affect transparency and accountability. While these gaps exist, the organization has implemented ten equity practices, which shows a commitment to diversity and inclusion within its operations.
Overall, Atlanta Community Toolbank exhibits solid financial health and governance structures, though it is advised to address its missing policies to further enhance its accountability measures. The strengths in independent oversight and financial management contribute positively to its mission of supporting the community.
This AI summary has been generated from information found on Charity Navigator.
Is Atlanta Community Toolbank legitimate?
Atlanta Community Toolbank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlanta Community Toolbank 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: $274,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.atlantatoolbank.org
What is the mission statement of Atlanta Community Toolbank?
The Atlanta Community ToolBank serves as a custodian of a tool inventory, lending it to charitable organizations. This practice aims to amplify the impact of these organizations' mission-driven activities within their communities. By renting out tools at affordable costs, the ToolBank facilitates cost-effective completion of community improvement projects for these Non-Profits. The organization also receives support from various donors, primarily based in Atlanta, Georgia, to sustain its operations.
Official website here: www.atlantatoolbank.org
Who is the CEO of Atlanta Community Toolbank?
Matt Walenciak is the Executive Director of Atlanta Community Toolbank.
Official website here: www.atlantatoolbank.org
What is the revenue of Atlanta Community Toolbank?
Atlanta Community Toolbank's revenue in 2022 was $492,961.
Official website here: www.atlantatoolbank.org
Who are the executives of Atlanta Community Toolbank and what are their salaries?
The average compensation at Atlanta Community Toolbank during 2022 was $45,699. There are 6 employees at Atlanta Community Toolbank.
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Official website here: www.atlantatoolbank.org
Where can I find the form 990 for Atlanta Community Toolbank?
Atlanta Community Toolbank's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.atlantatoolbank.org
Learn more at the official website: www.atlantatoolbank.org
Mission Statement of Atlanta Community Toolbank
The Atlanta Community ToolBank is a non-profit organization that plays a vital role in supporting other charitable organizations by managing an inventory of tools. This resource is lent out to these organizations to enhance the impact of their mission-driven projects within the community. By providing access to tools at affordable rates, the Atlanta Community ToolBank helps these organizations complete their community improvement projects more economically. The organization raises funds through tool lending fees, program service charges, and donations from local individuals, corporations, and foundations. This multi-source financing model allows the Atlanta Community ToolBank to continue stewarding its tool inventory and aiding various charitable endeavors in their mission-related efforts.
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Impact
July, 2024
The Atlanta Community Toolbank's impact can be seen in the support it provides to charitable organizations in the community. By lending tools to these organizations, the Toolbank enables them to carry out their mission-related efforts more effectively and efficiently. This service helps these organizations complete their community improvement projects in a cost-effective manner, ultimately leading to positive changes and enhancements in the local area. Through its tool lending program and various support services, the Atlanta Community Toolbank plays a crucial role in strengthening and empowering charitable organizations to make a greater impact in the community.
This information is meant to be a general summary of Atlanta Community Toolbank. 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 2022.
- Investment Income: $37
- Program Service Revenue: $68,638
- Gross Receipts: $503,351
Assets and Liabilities:
- Total Assets: $2,231,308
- Total Liabilities: $3,093
- Net Assets: $2,228,215
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$68,638
Organization Details
Founding Year
1998
Phone
(404) 254-0938Principal Officer
Matt Walenciak
Main Address
410 Englewood Avenue SE, Atlanta, GA, 303152502
Website
www.atlantatoolbank.orgNTEE Category
Code: N20 - Recreation
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