Civic Intelligence

The Tool Library Inc

990EZ • Fiscal year 2021 • EIN 82-3550585

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 21, 2022

5 W Northrup PlaceBuffalo, NY 14214

(716) 857-0096

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Net Margin

88th percentile

61%

Higher net margin than 88% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE S20 • <$500k nonprofits • Source year 2021

Asset Growth

87th percentile

103%

Faster asset growth than 87% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

139%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • NTEE S20 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$239,886

Up $121,624 (+103%) from 2020

Net Assets

Up

$239,786

Up $121,524 (+103%) from 2020

Liabilities

$100

No earlier filing loaded for comparison.

Revenue

Up

$181,550

Up $105,517 (+139%) from 2020

Expenses

Up

$70,633

Up $16,987 (+32%) from 2020

Net Income

Up

$110,917

Up $88,530 (+395%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2020: $118,262Net Assets 2020: $118,2622020Assets 2021: $239,886Liabilities 2021: $100Net Assets 2021: $239,7862021Assets 2022: $275,985Liabilities 2022: $367Net Assets 2022: $275,6182022Assets 2023: $406,731Liabilities 2023: $1,983Net Assets 2023: $404,7482023Assets 2024: $950,258Liabilities 2024: $99,441Net Assets 2024: $850,8172024

Highlighted filing

2021

Assets$239,886
Liabilities$100
Net Assets$239,786

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Revenue 2020: $76,033Expenses 2020: $53,646Net Income 2020: $22,3872020Revenue 2021: $181,550Expenses 2021: $70,633Net Income 2021: $110,9172021Revenue 2022: $115,219Expenses 2022: $86,847Net Income 2022: $28,3722022Revenue 2023: $240,805Expenses 2023: $144,713Net Income 2023: $96,0922023Revenue 2024: $762,380Expenses 2024: $316,311Net Income 2024: $446,0692024

Highlighted filing

2021

Revenue$181,550
Expenses$70,633
Net Income$110,917
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 21, 2022
Return Version
2021v4.2
Gross Receipts
$188,805
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
Tool Lending Program -See Schedule O-$48,387
Service Days -See Schedule O-$17,942
Dare to Repair -See Schedule O-$838
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darren CottonPresidentFT$0--
Dylan SteedVice PresidentPT$0--
Eric BorensteinDirector-$0--
Drew CanfieldDirector-$0--
Dylan BurnsDirector-$0--
Barbara BonoDirector-$0--
Cheyenne Ketter-FranklinVice President-$0--
John O' BrienSecretaryPT$0--
Robert TownsleyDirector-$0--
Barry WeissDirector-$0--
Zhi Ting PhuaDirector-$0--
Barbara CrossTreasurerPT$0--
Jack GrecoDirector-$0--
Kevin BradyDirector-$0--
Jenna CurranDirector-$0--
Mario AyoubDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$18,612$8,692$2,848$5,844
Total Events$18,612$8,692$6,589$2,103
Filing and Contact Details

Filer

Filer Name
The Tool Librarv Inc
EIN
82-3550585
Phone
7168570096
Address
5 W Northrup Place, Buffalo, NY 14214

Signing Officer

Name
Barbara Cross
Title
Brabara Cross Treasurer
Phone
7168570096
Signed
2022-06-21
Discuss with paid preparer
Yes

Preparer

Firm
Lancaster Accounting & Tax Service
Address
4982 William Street, Lancaster, NY 14086
Preparer
Angela Dussault
Phone
7167170135
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8, Other Revenue

Miscellaneous income 30

Form 990-EZ, Part I, Line 16, Other Expenses

Tool maintenance repair 589

Form 990-EZ, Part I, Line 16, Other Expenses

Tool replacement costs 386

Form 990-EZ, Part I, Line 16, Other Expenses

Volunteer appreciation 149

Form 990-EZ, Part I, Line 16, Other Expenses

Insurance 3,367

Form 990-EZ, Part I, Line 16, Other Expenses

Office supplies software 2,472

Form 990-EZ, Part I, Line 16, Other Expenses

Marketing promotions 20,602

Form 990-EZ, Part I, Line 16, Other Expenses

Miscellaneious 206

Form 990-EZ, Part I, Line 16, Other Expenses

Program supplies expense 15,453

Form 990-EZ, Part I, Line 16, Other Expenses

Telecommunications 1,878

Form 990-EZ, Part I, Line 16, Other Expenses

Bank charges fees 2,171

Form 990-EZ, Part II, Line 24, Other Assets

Tool inventory Beginning of year 78,645, End of year 96,975

Form 990-EZ, Part II, Line 26, Liabilities

Gift card liability Beginning of year 0, End of year 100

Form 990-EZ, Part II, Line 25

10,607 Beginning balance adjustment to the prior year tool library inventory

Form 990-EZ, Part I, Line 14

Occupancy Rent 10,200 Utilities 2,099 119 Repairs and Maintenance

Form 990-EZ, Part III, Line 28

Tool Lending Program 1,014 active members borrowed 4,126 tools in 11,760 transactions for 2021. These borrowed tools provided 436,225.52 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community.

Form 990-EZ, Part III, Line 29

Service Days - 12 events in 2021 brought together 488 volunteers and a total of 1,464 volunteer hours. As a whole 2,000 bulbs and 116 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.

Form 990-EZ, Part III, Line 30

Dare to Repair Co-Lab event in 2021 we had 30 participants who were aided by 6 volunteers to work on 20 items which otherwise would have become waste. There were 16 successful fixes and 77lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.

Form 990-EZ, Part III, Line N/A

Mission Statement To provide communities with the tools they need to create the change they want

Raw XML Appendix269 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Drew Canfield
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Dylan Burns
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Cheyenne Ketter-Franklin
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Robert Townsley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Barry Weiss
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt14Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt15Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt078645
IRS990EZ/OtherAssetsTotalDetail/EOYAmt096975
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrintingPublicationsPostageAmt0142
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IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.toollibrary.org
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Miscellaneous income 30
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tool maintenance repair 589
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tool replacement costs 386
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Volunteer appreciation 149
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance 3,367
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office supplies software 2,472
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Marketing promotions 20,602
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneious 206
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Program supplies expense 15,453
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Telecommunications 1,878
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank charges fees 2,171
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Tool inventory Beginning of year 78,645, End of year 96,975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Gift card liability Beginning of year 0, End of year 100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1310,607 Beginning balance adjustment to the prior year tool library inventory
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Occupancy Rent 10,200 Utilities 2,099 119 Repairs and Maintenance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Tool Lending Program 1,014 active members borrowed 4,126 tools in 11,760 transactions for 2021. These borrowed tools provided 436,225.52 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Service Days - 12 events in 2021 brought together 488 volunteers and a total of 1,464 volunteer hours. As a whole 2,000 bulbs and 116 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Dare to Repair Co-Lab event in 2021 we had 30 participants who were aided by 6 volunteers to work on 20 items which otherwise would have become waste. There were 16 successful fixes and 77lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Mission Statement To provide communities with the tools they need to create the change they want
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8, Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part II, Line 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990-EZ, Part I, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990-EZ, Part III, Line 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990-EZ, Part III, Line 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990-EZ, Part III, Line 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990-EZ, Part III, Line N/A
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Barbara Cross
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Brabara Cross Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07168570096
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Tool Librarv Inc
ReturnHeader/Filer/BusinessNameControlTxt0TOOL
ReturnHeader/Filer/EIN0823550585
ReturnHeader/Filer/PhoneNum07168570096
ReturnHeader/Filer/USAddress/AddressLine1Txt05 W Northrup Place
ReturnHeader/Filer/USAddress/CityNm0Buffalo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014214
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823908697
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lancaster Accounting & Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04982 William Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lancaster
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014086
ReturnHeader/PreparerPersonGrp/PhoneNum07167170135
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Angela Dussault
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-06-21T10:49:47-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Barbara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Cross
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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