Overview
What is Toolworks Inc?
Toolworks Inc, based in San Francisco, California, is a human service agency dedicated to empowering individuals with developmental, psychiatric, or physical disabilities through community support, vocational training, and work experience. With a workforce of over 480 employees, Toolworks stands out for its social enterprise initiatives in the janitorial and hospitality industries. More than 125 individuals with disabilities hold high-paying, career track positions, providing essential services to esteemed clients such as the Phillip Burton Federal Building, the Ninth Circuit Court of Appeals, and the San Francisco Maritime National Historic Park. Toolworks also offers employment outsourcing to several Bay Area businesses, including the San Francisco Marriott Marquis, allowing employers to maintain a high level of quality while contributing to the community. The earned income generated from these ventures represents the primary funding source for Toolworks.
Official website here: www.toolworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Toolworks Inc has achieved an impressive 96% score from Charity Navigator, which signifies strong accountability and financial management. With full marks in key areas such as independent board membership and financial oversight, the organization demonstrates a commitment to transparency and effective governance, which are crucial for maintaining donor trust.
The nonprofit has effectively structured its leadership, comprising 100% independent board members, ensuring unbiased decision-making. Additionally, the high program expense ratio of 88.32% indicates that a substantial portion of its funds is directed towards its programs, further emphasizing its mission-driven approach. The presence of robust policies on conflicts of interest, whistleblower protections, and document retention enhances its operational integrity.
While the organization has received high marks across various metrics, ongoing engagement with its stakeholders and continued adherence to best practices will be vital in sustaining its favorable rating and furthering its impact in the community. Overall, Toolworks Inc is positioned as a reputable nonprofit with a strong ethical foundation and effective financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Toolworks Inc legitimate?
Toolworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toolworks 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: $244,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,532,916
For more financial information, click here
Official website here: www.toolworks.org
What is the mission statement of Toolworks Inc?
Toolworks Inc is a human service agency dedicated to providing community support and vocational training to individuals with developmental, psychiatric, or physical disabilities. The organization's primary goal is to help these individuals gain work experience and high-paying, career track positions in various industries, including janitorial and hospitality. Toolworks' social enterprises employ over 125 workers with disabilities, offering them valuable opportunities to contribute to high-profile businesses and organizations. These partnerships allow Toolworks to provide outsourcing employment services to several Bay Area businesses, providing employers with an opportunity to outsource essential functions while maintaining a high level of quality. The majority of Toolworks' funding comes from the earnings generated by these ventures.
Official website here: www.toolworks.org
Who is the CEO of Toolworks Inc?
Kristy Feck is the Chair Person of Toolworks Inc. The CEO's salary of Toolworks Inc is $244,902 and their total compensation is $244,902.
Official website here: www.toolworks.org
What is the revenue of Toolworks Inc?
Toolworks Inc's revenue in 2022 was $19,443,518.
Official website here: www.toolworks.org
Who are the executives of Toolworks Inc and what are their salaries?
The average compensation at Toolworks Inc during 2022 was $26,620. There are 480 employees and 9 volunteers at Toolworks Inc.
Here are 14 key members and their salaries (Toolworks Inc's CEO's salary is $244,902 and their total compensation is $244,902):
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- Compensation: $244,902
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- Compensation: $129,867
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- Compensation: $104,786
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- Compensation: $117,529
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- Compensation: $104,578
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Official website here: www.toolworks.org
Where can I find the form 990 for Toolworks Inc?
Toolworks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toolworks.org
Learn more at the official website: www.toolworks.org
Mission Statement of Toolworks Inc
Toolworks Inc, a human service agency, is dedicated to offering community support, vocational training, and work experience to individuals who have developmental, psychiatric, or physical disabilities. The organization's mission is to empower these individuals by providing them with valuable skills and opportunities to reach their full potential.
Through Toolworks' social enterprises, more than 125 workers with disabilities secure high-paying, career track positions in the janitorial and hospitality industries. The agency's high-profile clients include esteemed institutions such as the Philip Burton Federal Building, the Ninth Circuit Court of Appeals, and the San Francisco Maritime National Historic Park. By outsourcing essential functions to Toolworks, these businesses not only maintain a high level of quality but also contribute positively to their communities. The earned income generated from these ventures serves as the primary funding source for Toolworks Inc.
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Impact
October, 2024
Toolworks Inc significantly impacts the community by providing vocational training and employment opportunities for individuals with disabilities. By employing over 125 workers in high-paying, career-track positions within the janitorial and hospitality sectors, Toolworks not only enhances the livelihood of these individuals but also fosters greater inclusivity in the workforce.
Their commercial janitorial firm serves high-profile clients like the Phillip Burton Federal Building and the Ninth Circuit Court of Appeals, illustrating a commitment to quality service that also meets the needs of local businesses. This partnership creates a dual benefit: businesses can outsource essential functions while supporting a community-focused initiative.
In addition to direct employment, Toolworks' approach promotes dignity and purpose among workers with developmental, psychiatric, or physical disabilities. By equipping them with the necessary skills and experience, Toolworks empowers individuals to achieve sustainable employment, contributing to their personal and professional growth. The organization's model showcases how social enterprises can be both economically viable and socially responsible, generating the funding needed to continue and expand their vital services in the San Francisco Bay Area.
This information is meant to be a general summary of Toolworks 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: $160,280
- Program Service Revenue: $18,514,664
- Gross Receipts: $20,414,279
Assets and Liabilities:
- Total Assets: $12,639,501
- Total Liabilities: $3,414,936
- Net Assets: $9,224,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$10,163,690
CONTRACT SERVICES
Revenue
$8,350,974
Organization Details
Founding Year
1975
Phone
(415) 733-0990Principal Officer
Kristy Feck
Main Address
25 KEARNY STREET 400, SAN FRANCISCO, CA, 94108
Website
www.toolworks.orgNTEE Category
Code: J33Z - Employment
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