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Nonprofit · EIN 90-0386790

TOOLBANK USA INC

Tax-exempt · ATLANTA, GA 30315

Financials

$2.2M$2M2023$3.7M$3.3M2024
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$3,700,532$3,277,862$422,670$2,941,606$345,945$2,595,661
December 31, 2023990$2,202,586$1,984,177$218,409$2,228,092$55,101$2,172,991
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,666,842
Program service revenue
$0
Investment income
$33,690
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,282,864
Salaries, compensation and benefits (total)
$1,282,864
Professional fundraising fees
$19,171
Accounting fees
$8,613
Occupancy
$234,294
Travel
$120,229
Depreciation
$226,197
Program services (functional)
$2,936,173
Management and general (functional)
$111,371
Fundraising (functional)
$230,318

Balance sheet and other

Total assets, start of year
$2,228,092
Total assets, end of year
$2,941,606
Total liabilities, end of year
$345,945
Net assets, end of year
$2,595,661
Land, buildings and equipment
$323,844
Net assets without donor restrictions
$2,124,560
Net assets with donor restrictions
$471,101
Gross receipts
$3,700,532
Employees
14
Year formed
2008
State of legal domicile
GA

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 / weekCompensationFrom related orgs
Patty RussartCEO
Trustee or director, Officer, Key employee, Highest-paid employee
50$0$226,759
Trey BeardenCPO
Trustee or director, Officer, Key employee
50$0$164,719
Krish DasPresident
Trustee or director
2$0$0
Camille Smith McMakinVice President
Trustee or director
2$0$0
Kim AntifaveTreasurer
Trustee or director
2$0$0
Kitt ShipeSecretary
Trustee or director
2$0$0
Melissa SloneBoard Director
Trustee or director
2$0$0
Eric JacobsBoard Director
Trustee or director
2$0$0
Brian PhamBoard Director
Trustee or director
2$0$0
Paul MitchellBoard Director
Trustee or director
2$0$0
Kyle GreenBoard Director
Trustee or director
2$0$0
Abby ProbstBoard Director
Trustee or director
2$0$0
Bill KrugerBoard Director
Trustee or director
2$0$0
Kathleen BartonBoard Director
Trustee or director
2$0$0
Allison StoneBoard Director
Trustee or director
2$0$0
3 more people on this return
NameTitleHours / weekCompensation
Jeremy TorokBoard Director
Trustee or director
2$0
Darby BryantBoard Director - Affiliate Rep
Trustee or director
2$0
Marly MaskillExecutive Director - Affiliate Rep
Trustee or director
2$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
Patty RussartCEO
Trustee or director, Officer, Key employee, Highest-paid employee
50$159,297
Trey BeardonCPO
Trustee or director, Officer, Key employee, Highest-paid employee
50$127,239
Brian PhamBoard Director
Trustee or director
2$0
Toby VernonExecutive Director
Trustee or director
2$0
Kim AntifaveChief Audit Executive
Trustee or director
2$0
Krish DasVP, Enterprise Data Office
Trustee or director
2$0
Kim RichmondDirector, Stretegic Solutions Consulting
Trustee or director
2$0
Jon HowlandVP, Marketing
Trustee or director
2$0
Melissa SloneBusiness Development
Trustee or director
2$0
Paul MitchellConsultant
Trustee or director
2$0
Kyle GreenSpecialist, Employee Engagement
Trustee or director
2$0
Abby ProbstDirector, Sales Offer Enablement
Trustee or director
2$0
Kitt ShipPartner
Trustee or director
2$0
Bill KrugerGlobal VP
Trustee or director
2$0
Eric JacobsFinancial Director
Trustee or director
2$0
Wes StaggsChief Corporate Development Officer
Trustee or director
2$0
Kathleen BartonCounsel
Trustee or director
2$0
Allison StoneGraphis Designer
Trustee or director
2$0
Jermey TorokVP Product Management
Trustee or director
2$0
John ByrsBoard Member
Trustee or director
2$0
Camille Smith McMakinSenior Attorney
Trustee or director
2$0

Address and contacts

Address (IRS master file)
410 ENGLEWOOD AVE SE, ATLANTA, GA 30315-2502
Principal officer (990 for 2024)
Trey Bearden, 410 Englewood Avenue SE, Atlanta, GA 303152502
Signed the 990
Trey Bearden, CEO
Phone
(770) 378-6170
Return prepared by
DEPco Accounting Services Inc

Mission

Toolbank USA strengthens communities through the collaborative establishment of Toolbanks across the US and the provisions of infrastructure support to promote consistency and excellence for all local Toolbanks.

990 for the year ended December 31, 2024

Program accomplishments

  • Toolbank USA supports other Toolbank affiliates. Toolbank USA provided key tech support services to these affiliates along with operational expertise and in-kind toolkit donations. Toolbank USA also operated the Toolbank diaster services which deployed mobile tool trailers to major diasters for response and recovery.
    Expenses $2,936,173

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
90-0386790
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Group exemption
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
5744 (8 member organizations)
Assets (IRS master file)
$2,941,606
Income (IRS master file)
$3,700,532

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,700,532$3,277,862$2,941,606XML
990December 2023$2,202,586$1,984,177$2,228,092XML
990December 2022$1,936,042$1,456,721$2,047,254IRS
990December 2021$1,196,264$1,001,536$1,496,142IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 90-0386790).

Questions about TOOLBANK USA INC

What is the EIN of TOOLBANK USA INC?
The employer identification number (EIN) of TOOLBANK USA INC is 90-0386790.
Is TOOLBANK USA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to TOOLBANK USA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
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 Trey Bearden.
Who are the officers and directors of TOOLBANK USA INC?
The 990 for the year ended December 31, 2024 lists 18 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 $3,700,532, expenses of $3,277,862 and total assets of $2,941,606 at year end.

Organizations in its group exemption (8)

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