EIN 82-3550585

The Tool Library

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
2018
Most recent tax filings
2023-12-01
Description
The Tool Library, Inc. promotes borrowing over buying by increasing trust between neighbors and neighborhoods through empowerment by removing economic barriers for individuals and community projects, enhances sustainability by encouraging community in...
Total revenues
$240,805
2023
Total expenses
$144,713
2023
Total assets
$406,731
2023
Num. employees
2
2023

Program areas at The Tool Library

1,421 active members borrowed 4,874 tools in 19,478 transactions for 2023. These borrowed tools provided $730,889 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community.
Dare to Repair - 11 events in 2023 had 482 participants who were aided by 52 volunteers to work on 379 items which otherwise would have become waste. There were 274 successful fixes and 2,667lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.
Service Days - 12 events in 2023 brought together 373 volunteers and a total of 1,122 volunteer hours. As a whole 4,100 bulbs and 57 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.

Who funds The Tool Library

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Social and Environmental EntrepreneursCollaboration Grant$10,000
Ferguson Electric FoundationCharitable$5,000
AmazonSmile FoundationGeneral Support$38
...and 1 more grant received

Personnel at The Tool Library

NameTitleCompensation
Darren CottonExecutive Director$32,000
Dave HarterPresident$0
Barbara CrossTreasurer$0
Rob TownsleySecretarysecretary$0

Financials for The Tool Library

RevenuesFYE 12/2023
Total grants, contributions, etc.$222,472
Program services$10,022
Investment income and dividends$1,098
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$4,996
Net income from gaming activities$0
Net income from sales of inventory$2,217
Miscellaneous revenues$0
Total revenues$240,805

Form 990s for The Tool Library

Fiscal year endingDate received by IRSFormPDF link
2023-122024-03-07990View PDF
2022-122023-02-22990EZView PDF
2021-122022-06-21990EZView PDF
2020-122022-06-25990EZView PDF
2020-122022-03-28990EZView PDF

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Data update history
July 15, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Ferguson Electric Foundation
May 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 9 new personnel
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Social and Environmental Entrepreneurs
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
Civic / social organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
MembershipsPartially liquidatedFundraising eventsReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
2626 Main St
Buffalo, NY 14214
Metro area
Buffalo-Cheektowaga, NY
County
Erie County, NY
Website URL
toollibrary.org/ 
Phone
(716) 510-1745
IRS details
EIN
82-3550585
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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