Denver Tool Library
- Assets
- $87.3k
- Revenue
- $284.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 47-1610698
Organization Overview
Denver Tool Library is located in Denver, CO. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Denver Tool Library employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Tool Library 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 12/2022, Denver Tool Library generated $284.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $227.3k during the year ending 12/2022. While expenses have increased by 44.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE TOOL SHARING AND EDUCATION. THE DENVER TOOL LIBRARY IS A NON-PROFIT THAT PROVIDES THE DENVER METRO AREA WITH LOW-COST ACCESS TO TOOLS AND THE KNOW-HOW TO USE THEM, ALL IN A SAFE AND SUPPORTIVE ENVIRONMENT. WE AIM TO REMOVE BARRIERS TO TOOL ACCESS, INCLUDING HIGH COST, SPACE, KNOWLEDGE, AND INHIBITION, SO THAT EVERYONE CAN HAVE THE RESOURCES THEY NEED TO MAKE AND MAINTAIN THE LIVES THEY IMAGINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOOL LIBRARY - MEMBERS CAN CHECK OUT POWER TOOLS, HAND TOOLS, LAWN AND GARDEN TOOLS, AND MORE. JUST LIKE CHECKING OUT BOOKS FROM A BOOK LIBRARY, BUT TOOLS! OVER 700 INDIVIDUALS AND 40 SCHOOLS AND NONPROFIT ORGANIZATIONS BORROW TOOLS TO IMPROVE THEIR HOMES, NEIGHBORHOODS, AND COMMUNITIES.
CLASSES - LEARN WOODWORKING, BLACKSMITHING, WELDING, WOODTURNING, JEWELRY MAKING, METALSMITHING, BIKE MAINTENANCE, ARTS AND CRAFTS, HOME IMPROVEMENT, RENOVATION, BEEKEEPING, GARDENING, AND MORE IN A SAFE AND SUPPORTIVE ENVIRONMENT. BENEFITTING OVER 150 STUDENTS PER MONTH AS WELL AS A DOZEN LOCAL CRAFTSPEOPLE HIRED TO TEACH THE CLASSES.
OPEN WORKSHOP - WORK IN OUR FULL PUBLIC WOODSHOP COMPLETE WITH INDUSTRIAL WOODWORKING TOOLS, SPECIALTY HAND TOOLS, AND A KNOWLEDGEABLE STAFF MEMBER THAT WILL HELP KEEP YOU SAFE AND ANSWER ANY QUESTION YOU MAY HAVE ABOUT YOUR PROJECT OR THE TOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Steiner Executive Director | Officer | 45 | $43,850 |
Garrett Carr Director Of Education | Officer | 30 | $21,025 |
Ian Saunders Community Workshop Technical Coordinator | Officer | 8 | $11,565 |
Jessie Rodriguez Tool Librarian | Officer | 10 | $5,120 |
Danielle Slabaugh Tool Librarian | Officer | 5 | $2,276 |
Katy Byrd Tool Librarian | Officer | 5 | $1,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,968 |
| Total Program Service Revenue | $264,106 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,219 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $418 |
| Fees for services: Accounting | $1,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,553 |
| Advertising and promotion | $3,361 |
| Office expenses | $414 |
| Information technology | $2,290 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,283 |
| All other expenses | $0 |
| Total functional expenses | $227,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,347 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $87,347 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,347 |