Toolbank Usa Inc

Organization Overview

Toolbank Usa Inc, operating under the name Phoenix ToolBank, is located in Phoenix, AZ. The organization was established in 2010. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Phoenix ToolBank employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phoenix ToolBank is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Phoenix ToolBank generated $230.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $234.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PHOENIX TOOLBANK SERVES COMMUNITY-BASED ORGANIZATIONS BY PROVIDING TOOLS EQUIPMENT AND EXPERTISE TO EMPOWER THEIR MOST AMBITIOUS PROJECTS. THE TOOLS AND EQUIPMENT ARE PROVIDED AT LOW COST SUCH THAT ORGANIZATIONS CAN DIRECT THEIR DOLLARS TOWARD PROGRAMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOOL LENDING PROGRAM: THE ORGANIZATION LOANS TOOLS AND EQUIPMENT TO A VARIETY OF CHARITABLE PARTNERS TO STRENGTHEN ENHANCE AND CELEBRATE OUR SHARED COMMUNITY THROUGH THE WORK OF VOLUNTEERS STUDENTS AND STAFF. THESE TOOLS RANGE FROM POWER TOOLS TO SUPPORT BUILDING PROJECTS TO HANDHELD TOOLS SUCH AS SHOVELS AND RAKES TO PLANT COMMUNITY GARDENS TO PAINTING SUPPLIES TO SPECIAL EVENT ITEMS SUCH AS TABLES AND CHAIRS. THESE TOOLS MAXIMIZE NONPROFITS' FINANCIAL AND HUMAN RESOURCES WHILE EMPOWERING THEM TO IMPROVE COMMUNITY ENGAGEMENT TO ACHIEVE GREATER IMPACT FOR THOSE WE SERVE.


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Board, Officers & Key Employees

Name (title)Compensation
Jana Smith
Executive Director
$75,794
Sherida Colvin
Secretary
$0
Nancy Farrington
President
$0
Gonzo Gonzalez
Vice President
$0
Michael Monterrubio
Treasurer
$0
Zach Barness
Director Through 4 21
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$24,268
Related organizations$6,263
Government grants $32,675
All other contributions, gifts, grants, and similar amounts not included above$141,342
Noncash contributions included in lines 1a–1f $72,554
Total Revenue from Contributions, Gifts, Grants & Similar$204,548
Total Program Service Revenue$16,694
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,578
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $4,549
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $230,369

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Toolbank Usa Inc has recieved totaling $5,424,611.

Awarding OrganizationAmount
Valley Of The Sun United Way

Phoenix, AZ

PURPOSE: Program Support

$5,424,611
View Grant Recipient Profile

Endowment Analysis

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