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Nonprofit · EIN 46-2383695

TOOLBANK USA INC

Also known as RICHMOND COMMUNITY TOOLBANK

Tax-exempt · RICHMOND, VA 23223

Financials

$495K$506K2023$636K$496K2024
Revenue Expenses · by fiscal year end
Financials of TOOLBANK USA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$635,837$495,565$140,272$949,371$344,536$604,835
December 31, 2023990$494,776$506,301-$11,525$506,251$41,688$464,563
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$443,502
of which government grants
$16,600
Program service revenue
$197,626
Investment income
$0
Net income from fundraising events
-$5,291
Other revenue
-$5,291

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$89,915
Other salaries and wages
$164,580
Salaries, compensation and benefits (total)
$274,641
Professional fundraising fees
$0
Occupancy
$95,507
Depreciation
$5,613
Program services (functional)
$416,762
Management and general (functional)
$46,837
Fundraising (functional)
$31,966

Balance sheet and other

Total assets, start of year
$506,251
Total assets, end of year
$949,371
Total liabilities, end of year
$344,536
Net assets, end of year
$604,835
Land, buildings and equipment
$747
Net assets without donor restrictions
$604,835
Gross receipts
$641,128
Employees
5
Volunteers
2,100
Year formed
2013
State of legal domicile
VA

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.

NameTitleHours / weekCompensationOther / benefits
TOBY VERNONEXECUTIVE DI
Officer
40$86,915$3,000
AMANDA GALVINPRESIDENT
Trustee or director, Officer
3$0$0
TODD CORNELLVICE PRESIDE
Trustee or director, Officer
3$0$0
MIKE RODGERSTREASURER
Trustee or director, Officer
3$0$0
HEATHER DIEHLSECRETARY
Trustee or director, Officer
3$0$0
STEVE SCHRODERDIRECTOR
Trustee or director
3$0$0
MICHAEL JOYCEDIRECTOR
Trustee or director
3$0$0
CHRIS SESSADIRECTOR
Trustee or director
3$0$0
KATIE CHALMERSDIRECTOR
Trustee or director
3$0$0
CALVIN PUGHDIRECTOR
Trustee or director
3$0$0
MARY HENRYDIRECTOR
Trustee or director
3$0$0
RYAN KIRTNERDIRECTOR
Trustee or director
3$0$0
KAETLIN COLLINSDIRECTOR
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
TOBY VERNONEXECUTIVE DI
Officer
40$84,959
AMANDA GALVINPRESIDENT
Trustee or director, Officer
3$0
TODD CORNELLVICE PRESIDE
Trustee or director, Officer
3$0
MIKE RODGERSTREASURER
Trustee or director, Officer
3$0
HEATHER DIEHLSECRETARY
Trustee or director, Officer
3$0
STEVE SCHRODERDIRECTOR
Trustee or director
3$0
MICHAEL JOYCEDIRECTOR
Trustee or director
3$0
CHRIS SESSADIRECTOR
Trustee or director
3$0
KATIE CHALMERSDIRECTOR
Trustee or director
3$0
CALVIN PUGHDIRECTOR
Trustee or director
3$0
MARY HENRYDIRECTOR
Trustee or director
3$0
RYAN KIRTNERDIRECTOR
Trustee or director
3$0
KAETLIN COLLINSDIRECTOR
Trustee or director
3$0

Address and contacts

Address (IRS master file)
2100 E CARY STREET, RICHMOND, VA 23223-7270
Principal officer (990 for 2024)
TOBY VERNON, 1407 CUMMINGS DRIVE, RICHMOND, VA 23220
Signed the 990
RYAN KIRTNER, DIRECTOR
Phone
(804) 219-0606
Return prepared by
ADAMS JENKINS & CHEATHAM

Mission

RICHMOND COMMUNITY TOOLBANK PROVIDES TOOLS TO ENHANCE THE CHARITABLE SECTOR'S CAPACITY TO SERVE, FACILITATING HANDS-ON VOLUNTEERISM IN THE GREATER RICHMOND AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • SINCE 2015 RICHMOND TOOLBANK HAS LOANED MORE THAN 7.5MM IN TOOLS & EQUIPMENT TO 500 ORGANIZATIONS EQUIPPING 115,000 VOLUNTEERS ON 20,000 PROJECTS. THROUGH OUR TOOLS FOR CHANGE TOOL LENDING PROGRAM, WE HAVE SAVED THE NONPROFIT SECTOR IN CENTRAL VIRGINIA OVER 7MM. THESE SAVINGS ARE PLOWED BACK INTO THE SERVICES AND PROGRAMS OUR NONPROFIT MEMBERS OFFER, WHICH ENABLES THEM TO DO MORE WITH LIMITED RESOURCES AVAILABLE, YEAR AFTER YEAR. TOOLBANK'S BUILDING CHANGE PROGRAM FILLS A GROWING NEED FOR OUTDOOR FURNITURE AND PLACEMAKING INFRASTRUCTURE BY LEVERAGING THE USE OF OUR EXTENSIVE TOOL INVENTORY AND THE POWER OF VOLUNTEERS. WE PROVIDE AN OPEN REQUEST FORM TO ANY COMMUNITY ORGANIZATION THAT EXPERIENCES A NEED, AND WE FULFILL THOSE NEEDS CONTINUALLY. SINCE 2016 WE'VE BUILT OVER 3,200 OUTDOOR FURNITURE ITEMS THAT HAVE BEEN DONATED TO OVER 200 PARKS, COMMUNITY CENTERS, SCHOOLS, AND PUBLIC SPACES. RICHMOND TOOLBANK'S TOOLBOX PROGRAM OFFERS HANDS-ON HOMECARE & DIY WORKSHOPS TO INDIVIDUALS TO HELP BUILD SKILLS, GAIN CONFIDENCE, AND HAVE MORE FUN CARING FOR THEIR HOMES. ALL TOOLS, MATERIALS, AND WORKSHOP SUPPLIES ARE PROVIDED. IT HAS HOSTED OVER 67 WORKSHOPS SINCE LAUNCHING IN JAN 2024, WITH OVER 505 PARTICIPANTS. WORKSHOPS COVERED 14 HOME CARE TOPICS, FROM BASIC MAINTENANCE TO ADVANCED HOME IMRPROVEMENT. THIS HAS LED TO OVER 132 HOURS OF IMMERSIVE LEARNING FOCUSED ON SKILL TRAINING AND BUILDING CONFIDENCE.
    Expenses $416,762 · revenue $641,128

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-2383695
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
Group exemption
5744: TOOLBANK USA INC
Assets (IRS master file)
$949,371
Income (IRS master file)
$641,128

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$635,837$495,565$949,371XML
990December 2023$494,776$506,301$506,251XML
990December 2022$502,540$448,441$615,181IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 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 46-2383695).

Questions about TOOLBANK USA INC

What is the EIN of TOOLBANK USA INC?
The employer identification number (EIN) of TOOLBANK USA INC is 46-2383695.
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 TOBY VERNON.
Who are the officers and directors of TOOLBANK USA INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $86,915 (TOBY VERNON, EXECUTIVE DI).
How much revenue does TOOLBANK USA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $635,837, expenses of $495,565 and total assets of $949,371 at year end.

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