Nonprofit · EIN 27-1602981
TOOLBANK USA INC
Also known as CHARLOTTE COMMUNITY TOOLBANK INC
Tax-exempt · CHARLOTTE, NC 28203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $409,717 | $344,112 | $65,605 | $620,835 | $18,103 | $602,732 |
| December 31, 2023 | 990 | $400,636 | $320,810 | $79,826 | $538,329 | $4,462 | $533,867 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $212,332
- Program service revenue
- $197,166
- Investment income
- $0
- Other revenue
- $219
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $84,945
- Other salaries and wages
- $86,349
- Salaries, compensation and benefits (total)
- $195,036
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Occupancy
- $64,588
- Travel
- $595
- Depreciation
- $47,582
- Program services (functional)
- $255,224
- Management and general (functional)
- $74,019
- Fundraising (functional)
- $14,869
Balance sheet and other
- Total assets, start of year
- $538,329
- Total assets, end of year
- $620,835
- Total liabilities, end of year
- $18,103
- Net assets, end of year
- $602,732
- Land, buildings and equipment
- $174,511
- Net assets without donor restrictions
- $602,732
- Gross receipts
- $409,717
- Employees
- 6
- Volunteers
- 478
- Year formed
- 2010
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darby Bryant | Director Trustee or director | 2 | $0 |
| Chris Bartley | Director Trustee or director | 1 | $0 |
| Tom Booms | Director Trustee or director | 1 | $0 |
| Tim Clark | Director Trustee or director | 1 | $0 |
| Sara Downing | Director Trustee or director | 1 | $0 |
| Kevin Rodriguez | Director Trustee or director | 1 | $0 |
| Will Munkres | Board President Officer | 2 | $0 |
| Carley Rossi | Board Vice President Officer | 2 | $0 |
| Jordan Scarboro | Board Secretary Officer | 2 | $0 |
| Brad Porter | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Maureen Krueger | Executive Dir. Officer | 45 | $82,500 | $2,475 |
| Carley Rossi | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Darby Bryant | President Trustee or director, Officer | 2 | $0 | $0 |
| Allie Alu | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Brad Porter | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Tom Booms | Director Trustee or director | 1 | $0 | $0 |
| Sara Downing | Director Trustee or director | 1 | $0 | $0 |
| Chris Bartley | Director Trustee or director | 1 | $0 | $0 |
| Jimmy DeRosa | Director Trustee or director | 1 | $0 | $0 |
| Kevin Rodriguez | Director Trustee or director | 1 | $0 | $0 |
| Will Munkres | Director Trustee or director | 1 | $0 | $0 |
| Emily Poe | Director Trustee or director | 1 | $0 | $0 |
| Meganne Price | Director Trustee or director | 1 | $0 | $0 |
| John Reinke | Director Trustee or director | 1 | $0 | $0 |
| Jordan Scarboro | Director Trustee or director | 1 | $0 | $0 |
| Mike Tropsha | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2513 S TRYON ST, CHARLOTTE, NC 28203-4965
- In care of
- % CHARLOTTE COMMUNITY TOOLBANK INC
- Principal officer (990 for 2024)
- Maureen Krueger, 2513 S TRYON ST, CHARLOTTE, NC 282034965
- Signed the 990
- Maureen Krueger, Executive Director
- Website
- www.charlotte.toolbank.org
- Return prepared by
- Loupus Financial
Mission
Serving community-based organizations by lending tools equipment and tool expertise to increase their impact.
Program accomplishments
- Rebuilding neighborhoods by lending tools and equipment for community service projectsExpenses $255,224 · revenue $197,166
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1602981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S192)
- Group exemption
- 5744: TOOLBANK USA INC
- Assets (IRS master file)
- $620,835
- Income (IRS master file)
- $409,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $409,717 | $344,112 | $620,835 | IRS |
| 990 | December 2023 | $400,636 | $320,810 | $538,329 | XML |
| 990 | December 2022 | $327,843 | $362,000 | $460,597 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1602981).
Questions about TOOLBANK USA INC
- What is the EIN of TOOLBANK USA INC?
- The employer identification number (EIN) of TOOLBANK USA INC is 27-1602981.
- Is TOOLBANK USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Which annual return does TOOLBANK USA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOOLBANK USA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOOLBANK USA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TOOLBANK USA INC?
- The 990 for the year ended December 31, 2024 names Maureen Krueger.
- Who are the officers and directors of TOOLBANK USA INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does TOOLBANK USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $409,717, expenses of $344,112 and total assets of $620,835 at year end.
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