Overview
What is Toolbank Usa Inc?
Toolbank Usa Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to supporting its Toolbank affiliates nationwide. With a team of seven employees, Toolbank USA offers technical assistance, operational expertise, and toolkit donations to these affiliates. Additionally, they operate Toolbank disaster services, deploying mobile tool trailers to major disasters for response and recovery efforts. The primary mission of Toolbank USA is to strengthen communities by collaboratively establishing Toolbanks across the United States and providing infrastructure support to ensure consistency and excellence for all local Toolbanks.
Official website here: www.toolbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Toolbank USA Inc has achieved a perfect score of 100% on Charity Navigator, earning a prestigious Four-Star rating. This rating reflects the organization's exceptional performance in accountability and finance, indicating a strong commitment to responsible financial management and transparency.
The organization boasts a fully independent board with all 13 members meeting the criteria for independence. It has a robust oversight structure, including an Audit and Oversight Committee, and adheres to stringent policies such as conflict of interest and whistleblower protections. Financially, Toolbank USA Inc maintains a very low liabilities-to-assets ratio and an impressive program expense ratio, suggesting that the majority of its resources are directed towards its mission-driven activities.
While the data highlights many strengths, it does not provide specific information about program outcomes or user testimonials. Nevertheless, the organization's financial health and governance practices position it as a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Toolbank Usa Inc legitimate?
Toolbank Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toolbank Usa 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: $677,689
Professional Fundraising Fees: $51,191
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.toolbank.org
What is the mission statement of Toolbank Usa Inc?
Toolbank USA's mission is centered around strengthening communities nationwide. They achieve this by collaboratively establishing Toolbanks across the United States and providing essential infrastructure support. This initiative aims to promote consistency and excellence among all local Toolbanks. In carrying out its mission, Toolbank USA offers tech support services, operational expertise, and toolkit donations to its affiliates. Additionally, the organization operates Toolbank disaster services, deploying mobile tool trailers to major disasters for response and recovery efforts.
Official website here: www.toolbank.org
Who is the CEO of Toolbank Usa Inc?
Patty Russart is the Ceo of Toolbank Usa Inc. The CEO's salary of Toolbank Usa Inc is $150,852 and their total compensation is $150,852.
Official website here: www.toolbank.org
What is the revenue of Toolbank Usa Inc?
Toolbank Usa Inc's revenue in 2022 was $1,936,042.
Official website here: www.toolbank.org
Who are the executives of Toolbank Usa Inc and what are their salaries?
The average compensation at Toolbank Usa Inc during 2022 was $96,813. There are 7 employees at Toolbank Usa Inc.
Here are 18 key members and their salaries (Toolbank Usa Inc's CEO's salary is $150,852 and their total compensation is $150,852):
- Compensation: $150,852
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Official website here: www.toolbank.org
Where can I find the form 990 for Toolbank Usa Inc?
Toolbank Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toolbank.org
Learn more at the official website: www.toolbank.org
Mission Statement of Toolbank Usa Inc
Toolbank USA, as a nonprofit organization, aims to strengthen communities by collaboratively establishing Toolbanks across the United States. Their mission is to provide instrumental support to these local Toolbanks, ensuring consistency and excellence in their operations. This is achieved by offering key technical assistance, operational expertise, and in-kind toolkit donations to the affiliated Toolbanks. Furthermore, Toolbank USA operates disaster services, deploying mobile tool trailers to major calamities for response and recovery efforts. In this manner, Toolbank USA plays a vital role in bolstering the capabilities of its affiliated Toolbanks, thereby contributing to the betterment of the communities they serve.
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Impact
July, 2024
Toolbank USA Inc's impact is significant in strengthening communities across the United States through the collaborative establishment of Toolbanks and providing infrastructure support to promote consistency and excellence for all local Toolbanks. In 2022, Toolbank USA supported Toolbank affiliates by providing key tech support services, operational expertise, and in-kind toolkit donations. Additionally, Toolbank USA operated Toolbank disaster services, deploying mobile tool trailers to major disasters for response and recovery efforts. This organization based in Atlanta, Georgia, plays a crucial role in improving communities and ensuring they have the necessary tools and resources to thrive.
This information is meant to be a general summary of Toolbank Usa 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 2022.
- Investment Income: $24
- Gross Receipts: $1,936,042
Assets and Liabilities:
- Total Assets: $2,047,254
- Total Liabilities: $92,672
- Net Assets: $1,954,582
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Organization Details
Founding Year
2008
Phone
(770) 378-6170Principal Officer
Patty Russart
Main Address
410 Englewood Avenue SE, Atlanta, GA, 303152502
Website
www.toolbank.orgNTEE Category
Code: S192 - Community improvement
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