West Seattle Tool Library
- Assets
- $37.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1434757
Organization Overview
West Seattle Tool Library is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Seattle 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 12/2023, West Seattle Tool Library generated $71.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $69.1k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
LOANED OUT 5500 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 |
|---|---|---|---|
Kim Tran President | 4 | $0 | |
Gordon Miller Vice President | 4 | $0 | |
Christine Woelfel Treasurer | 7 | $0 | |
Micheal Scowcroft Tool Librarian | 22 | $26,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,794 |
| Total Program Service Revenue | $2,431 |
| Membership dues | $38,379 |
| Investment income | $0 |
| Gain or Loss | $2,118 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,722 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,643 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,391 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,018 |
| Total expenses | $69,052 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,342 |
| Other assets | $0 |
| Total assets | $37,610 |
| Total liabilities | $2,500 |
| Net assets or fund balances | $35,110 |