2025-11-17T12:48:09-06:00 2024-12-31 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2024-01-01 237258534 POWER TOOL INSTITUTE INC POWE 2162417333 1300 SUMNER AVENUE CLEVELAND OH 441152851 MELISSA ALLAY EXECUTIVE MANAGER 2162417333 2025-11-17 1 1 ANTHONY J CONSTANTINE CPA P00449016 2168317171 2025-11-17 2024 2025-03-06 01:10:19Z SUSAN ORENGA 1300 SUMNER AVENUE CLEVELAND OH 441152851 1147263 0 X POWERTOOLINSTITUTE.COM X 1969 IL SEE PART III, LINE 1 9 9 0 82 0 0 620235 700632 360786 446631 0 0 10000 0 991021 1147263 0 0 0 0 0 0 0 0 0 1084088 1185940 1084088 1185940 -93067 -38677 433064 475671 259312 340596 173752 135075 X TO PROMOTE THE BUSINESS INTERESTS OF THE POWER TOOL INDUSTRY; TO REPRESENT THE INDUSTRY BEFORE GOVERNMENT; TO EDUCATE THE PUBLIC AS TO THE USEFULNESS AND IMPORTANCE OF POWER TOOLS; TO ENCOURAGE HIGH STANDARDS OF SAFETY AND QUALITY CONTROL IN (CONTINUED ON SCHEDULE O) THE MANUFACTURING OF POWER TOOLS; AND TO PREPARE AND DISTRIBUTE INFORMATION ABOUT SAFE USE OF POWER TOOLS. 0 0 JOINT VENTURE: POWER TOOL INSTITUTE HAS DEVELOPED A LICENSE AGREEMENT AND CONTINUES TO MONITOR PATENTS WHICH FURTHERS THE EXEMPT PURPOSE OF PROMOTING THE BUSINESS INTERESTS OF THE INDUSTRY AND ENCOURAGE HIGH STANDARDS OF SAFETY AND QUALITY CONTROL IN MANUFACTURING POWER TOOLS. CONSUMER PRODUCT SAFETY COMMISSION PETITION: POWER TOOL INSTITUTE HAS A PROJECT TO ADDRESS A PETITION FILED BEFORE CPSC BY STEPHEN GASS REQUESTING A MANDATORY SAFETY STANDARD FOR TABLE SAWS WHICH FURTHERS THE EXEMPT PURPOSE OF SAFETY AND QUALITY CONTROL IN THE MANUFACTURING OF POWER TOOLS. GLOBAL HARMONIZATION: POWER TOOL INSTITUTE HAS A PROJECT TO HARMONIZE POWER TOOL STANDARDS WITH EUROPE AND JAPAN WHICH FURTHERS THE EXEMPT PURPOSE OF SAFETY AND QUALITY CONTROL IN THE MANUFACTURING OF POWER TOOLS. BATTERY PROJECT: POWER TOOL INSTITUTE LEADS A LITHIUM-ION BATTERY SAFETY CAMPAIGN, TAKE CHARGE OF YOUR BATTERY. IT INCLUDES PUBLIC RELATIONS, SOCIAL MEDIA, VIDEO, AND EDUCATIONAL RESOURCES FOR THE SAFE SELECTION, USE, AND DISPOSAL OF POWER TOOL BATTERIES WHICH FURTHERS THE EXEMPT PURPOSE OF EDUCATING THE PUBLIC AS TO USEFULNESS AND IMPORTANCE OF POWER TOOLS. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 1 0 0 0 0 1 1 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X MELISSA ALLAY 2162417333 1300 SUMNER AVENUE CLEVELAND OH 441152851 X LARRY ALBERT DIRECTOR 0.50 X 0 0 0 ERIN ASHCROFT DIRECTOR 0.50 X 0 0 0 TIM BAKER DIRECTOR 0.50 X 0 0 0 RICH CHAPMAN DIRECTOR 0.50 X 0 0 0 BRADY GROTH DIRECTOR 0.50 X 0 0 0 ROBERT HATFIELD DIRECTOR 0.50 X 0 0 0 KEN HEFLEY DIRECTOR 0.50 X 0 0 0 ART HEROLD DIRECTOR 0.50 X 0 0 0 MARK HICKOK DIRECTOR 0.50 X 0 0 0 MICHAEL HOFFMANN DIRECTOR 0.50 X 0 0 0 DREW HORNICK DIRECTOR 0.50 X 0 0 0 AMANDA JOHNSON DIRECTOR 0.50 X 0 0 0 FRANK MANNARINO DIRECTOR 0.50 X 0 0 0 MIKE MCGOWAN DIRECTOR 0.50 X 0 0 0 SUSAN ORENGA PRESIDENT 0.50 X X 0 0 0 AL PIERGA DIRECTOR 0.50 X 0 0 0 DARLENE RALICKI DIRECTOR 0.50 X 0 0 0 STEVE SHEPHERD DIRECTOR 0.50 X 0 0 0 STEPHANIE THOMPSON DIRECTOR 0.50 X 0 0 0 KRIS WILLIAMS DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 THOMAS ASSOCIATESINC 1300 SUMNER AVE CLEVELAND OH 44115 MANAGEMENT 562200 WEBSTER 1747 PENNSYLVANIA AVE NW WASHINGTON DC 20006 LEGAL 135804 BRACEWELL 2001 M STREET NW WASHINGTON DC 20036 CONSULTING 120000 CUNNINGHAM BARON 1900 SUPERIOR AVE SUITE 304 CLEVELAND OH 44114 PUBLIC RELATIONS/MARKETING 107576 4 700632 700632 PROGRAM REVENUE 900099 443314 443314 COMMISSION REVENUE 900099 3317 3317 446631 1147263 446631 0 0 462200 49821 11235 403887 4055 44666 2334 GLOBAL HARMONIZATION 80204 SPECIAL PROJECTS 59817 SAFETY PROGRAMS 30448 JOINT VENTURES 19428 17845 1185940 347385 425615 56927 28752 39121 0 10935 433064 475671 99008 64134 160304 276462 259312 340596 X 173752 135075 173752 135075 433064 475671 -38677 0 X 0 1 X 1 0 0 0 0 1143946 403887 403887 403887 0 X 1147263 0 1147263 0 1147263 1185940 0 1185940 0 1185940 PART X, LINE 2: THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" PRESCRIBE A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF THE BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE INSTITUTE RECOGNIZES INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. THE INSTITUTE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE IS MANAGED BY THOMAS ASSOCIATES, INC., WHO PROVIDES ALL SUPPORTING AND MANAGEMENT DUTIES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE POWER TOOL INSTITUTE SHALL BE OPEN TO ANY BUSINESS ORGANIZED UNDER THE LAWS OF THE UNITED STATES THAT HAS AND CONTINUES TO DESIGN, ENGINEER, AND MANUFACTURE AT LEAST THREE CATEGORIES OF ELECTRIC OR BATTERY OPERATED PROFESSIONAL OR CONSUMER PORTABLE TOOLS, OR STATIONARY/BENCH TOP TOOLS OR LAWN AND GARDEN TOOLS FOR AT LEAST THREE CONTINUOUS YEARS WITH A TOTAL ANNUAL SALES VOLUME OF AT LEAST 20,000 UNITS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. A MEMBER OWNING, CONTROLLING, OR OPERATING AN AFFILIATED OR SUBSIDIARY COMPANY SHALL BE ENTITLED TO ONLY ONE (1) REGULAR MEMBERSHIP AND ONE (1) VOTE. EACH MEMBER SHALL BE ENTITLED TO ONE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY STAFF AND THE EXECUTIVE MANAGER. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE FEES FOR INDEPENDENT CONTRACTORS ARE DETERMINED BY AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS (FORM 990) ARE AVAILABLE UPON REQUEST.