Nonprofit · EIN 83-0930886
ASHEVILLE TOOL LIBRARY
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $167,032 | $106,358 | $60,674 | $259,124 | $12,655 | $246,469 |
| December 31, 2023 | 990-EZ | $89,918 | $75,722 | $14,196 | $176,185 | $0 | $176,185 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $64,762
- Program service revenue
- $94,028
- Investment income
- $1,079
- Net income from fundraising events
- $278
- Net income from sales of inventory
- $5,870
- Other revenue
- $1,015
Expenses
- Grants and similar amounts paid
- $15,085
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $29,046
- Professional fees and payments to contractors
- $366
- Occupancy
- $24,460
- Other expenses
- $37,401
- Program services (functional)
- $100,081
Balance sheet and other
- Total assets, start of year
- $176,185
- Total assets, end of year
- $259,124
- Total liabilities, end of year
- $12,655
- Net assets, end of year
- $246,469
- Cash, savings and investments
- $132,845
- Gross receipts
- $170,899
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keenan Phillips | Board Chair | 5 | $0 |
| Stephanie Kane | Secretary | 5 | $0 |
| Ken Kelley | Vice Chair | 5 | $0 |
| Bridget Nelson | Treasurer | 5 | $0 |
| Witold Siwanowicz | board member | 5 | $0 |
| Megan Caroll | board member | 5 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keenan Phillips | Board Chair | 5 | $0 |
| Stephanie Kane | Secretary | 15 | $0 |
| Ken Kelley | Vice Chair | 5 | $0 |
| Bridget Nelson | Treasurer | 5 | $0 |
| Witold Siwanowicz | board member | 5 | $0 |
| Megan Caroll | board member | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 16 SMITH MILL RD, ASHEVILLE, NC 28806-0069
- In care of
- % NICHOLAS J LETTS
- Mailing address (990-N for 2021)
- 55 Southside Avenue, Asheville NC 28806
- Principal officer (990-N for 2021)
- STEPHANIE J KANE, 180 Joyner Avenue, Asheville NC 28806
- Signed the 990-EZ
- Bridget Nelson, Treasurer
- Phone
- (828) 808-2122
Mission
Our mission is to provide low-cost access to a wide range of tools, literature, and knowledge to the citizens of Western North Carolina.
Program accomplishments
- At the end of 2024 we have over 1000 current members who may check out tools from our extensive inventory with no fee above the yearly membership which is based on an honor system sliding scale of $50 to $250. We provided 136 full scholarships in 2024 valued at $150 each, the average membership fee. We offered classes and workshops on a variety of DIY topics in 2024 and next year will be developing new programs services to expand our capacity for the educational part of our mission. We are a volunteer run organization with a single part time employee so most of our expenses are program expenses. In 2024 there were some unusual program expenses related to disaster relief.Expenses $100,081 · grants $15,085
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-0930886
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $259,124
- Income (IRS master file)
- $170,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $167,032 | $106,358 | $259,124 | IRS |
| 990-EZ | December 2023 | $89,918 | $75,722 | $176,185 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: STEPHANIE J KANE | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Ben Harper | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Ben Harper | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | 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 83-0930886).
Questions about ASHEVILLE TOOL LIBRARY
- What is the EIN of ASHEVILLE TOOL LIBRARY?
- The employer identification number (EIN) of ASHEVILLE TOOL LIBRARY is 83-0930886.
- Is ASHEVILLE TOOL LIBRARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to ASHEVILLE TOOL LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHEVILLE TOOL LIBRARY 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 ASHEVILLE TOOL LIBRARY 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 ASHEVILLE TOOL LIBRARY last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ASHEVILLE TOOL LIBRARY?
- The 990-N for 2021 names STEPHANIE J KANE.
- Who are the officers and directors of ASHEVILLE TOOL LIBRARY?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does ASHEVILLE TOOL LIBRARY have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $167,032, expenses of $106,358 and total assets of $259,124 at year end.
Other nonprofits in ASHEVILLE
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- JUST ECONOMICS EIN 61-1403579 · last filed 990 for 2025
- NATIONAL ORTHOPEDIC EDUCATION SOCIETY INC EIN 57-1167966 · last filed 990 for 2025
- SOUTHERN INDEPENDENT BOOKSELLERS ALLIANCE EIN 84-2064203 · last filed 990 for 2024
- AMERICAN HERBALISTS GUILD EIN 77-0259228 · last filed 990 for 2024
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- ASHEVILLE INDEPENDENT RESTAURANT ASSOCIATION INC EIN 32-0096733 · last filed 990 for 2024
All nonprofits in ASHEVILLE · North Carolina · Community improvement and capacity building