Tool Library INC: Nonprofit Profile, Financials & Form 990 (EIN 82-3550585)

Darren Cotton’s $55K as Executive Director is at the 34th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023
Darren Cotton	$55,385	$32,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers communities with tools to drive desired change.

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3 programs · $259K · in their own filed words · FY2024

01

1,969 active members borrowed 5,247 tools in 27,162 transactions for 2024. These borrowed tools provided $1,161,107 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community.

$201Kprogram expense

02

Service Days

18 events in 2024 brought together 465 volunteers and a total of 1,590 volunteer hours. As a whole 2,330 bulbs and 26 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight.

$40Kprogram expense

03

Dare to Repair

13 events in 2024 had 620 participants who were aided by 64 volunteers to work on 529 items which otherwise would have become waste. There were 383 successful fixes and 3,306lbs of waste was diverted from landfills. Hosting repair events supports sustainability efforts.

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Margaret L Wendt FoundationFY2024$79K

James H Cummings Foundation INCFY2024$50K

American Online Giving Foundation INCFY2024$15K

East Hill FoundationFY2024$10K

The Edward H Butler FoundationFY2024$10K

Community Foundation for Greater Buffalo INCFY2024$9K

Baird FoundationFY2024$5K

Marilyn Lichtman FoundationFY2024$3K

Total grants receivedfrom 10 funders$185K

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By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$762K

Ln 12

Gifts and grantsLn 1h$712K

Fees for servicesLn 2g$28K

Other incomeLn 4–11$16K

Money outPt IX

$316K

Ln 25

Programscol B$259K

Managementcol C$30K

Fundraisingcol D$28K

Owns and owesPt X

$851K

net assets · Ln 32

Cash and savingsLn 1–2$288K

Total assetsLn 16$950K

LiabilitiesLn 26$99K

PeoplePt VI, VII

21

listed · VII A

PaidVII A1

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$712K

Government grantsLn 1e$60K

Fees for servicesLn 2g$28K

Investment incomeLn 3$6K

Other incomeLn 4–11$16K

Total revenueLn 12$762K

Assets in detailPt X, end of year

CashLn 1$72K

SavingsLn 2$216K

Cash and savings togetherLn 1–2$288K

Land, buildings, equipmentLn 10c$483K

Other assetsLn 15$179K

Total assetsLn 16$950K

LiabilitiesLn 26$99K

Net assetsLn 32$851K

OperationsPt I, VI

EmployeesI 52

VolunteersI 6373

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$245K	$288K
Land, buildings, equipmentLn 10c	$0	$483K
Total assetsLn 16	$407K	$950K
LiabilitiesLn 26	$2K	$99K
Net assetsLn 32	$405K	$851K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$14K	$14K
Pay of current officers, directors and key staffLn 5	$57K	$48K	$6K	$3K
Other salaries and wagesLn 7	$59K	$51K	$5K	$3K
Other employee benefitsLn 9	$18K	$16K	$2K	$980
Payroll taxesLn 10	$10K	$9K	$1K	$532
Legal feesLn 11b	$3K	$3K	$284
Accounting feesLn 11c	$10K	$9K	$1K
Other fees for servicesLn 11g	$31K	$11K	$1K	$18K
Advertising and promotionLn 12	$4K	$3K	$382	$190
Office expensesLn 13	$4K	$3K	$388	$195
OccupancyLn 16	$42K	$35K	$6K	$535
Conferences, conventions and meetingsLn 19	$3K	$2K	$256	$128
InterestLn 20	$3K	$3K	$531
Depreciation, depletion and amortizationLn 22	$4K	$3K	$593
InsuranceLn 23	$13K	$11K	$2K	$263
Other expenses (24a–d)Ln 24	$34K	$32K	$2K	$784
All other expensesLn 24e	$6K	$5K	$773	$240
Total functional expensesLn 25	$316K	$259K	$30K	$28K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$762K	$316K	$446K	$851K	990 PDF
FY2023	$241K	$145K	$96K	$405K	990 PDF
FY2022	$115K			$276K	990 PDF
FY2021	$182K			$240K	990 PDF
FY2020	$76K			$118K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $762,380 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $222,472$712,451

I-9 Program service revenuePrior year $10,022$27,582

I-10 Investment incomePrior year $1,098$6,179

I-11 Other revenuePrior year $7,213$16,168

I-12 Total revenuePrior year $240,805$762,380

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$14,015

I-15 Salaries and benefitsPrior year $68,484$145,010

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $76,229$157,286

I-18 Total expensesPrior year $144,713$316,311

I-19 Revenue less expensesPrior year $96,092$446,069

Part VI · Governance 20 of 20 board members independent, 1 to look at

VI-1a Voting members of the governing body20

VI-1b Independent voting members20

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $762,380 across 9 lines filed

Lines not itemized here account for $4,459 of total revenue; see the IRS return.

VIII-1b Membership dues$74,943

VIII-1e Government grants$60,000

VIII-1f All other contributions, gifts and grants$577,508

VIII-1h Total contributions, gifts and grants$712,451

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,582$27,582

VIII-3 Investment incomeRelated to mission $6,179$6,179

VIII-8 Net income from fundraising eventsExcluded from tax $11,419$11,419

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $290$290

VIII-12 Total revenueRelated to mission $34,051 · Unrelated business $0 · Excluded from tax $15,878$762,380

Part IX · Statement of functional expenses $316,311 across 17 lines filed

IX-4 Benefits paid to or for membersPrograms $14,015$14,015

IX-5 Pay of current officers, directors and key staffPrograms $48,221 · Management $5,866 · Fundraising $2,933$57,020

IX-7 Other salaries and wagesPrograms $51,178 · Management $5,068 · Fundraising $3,050$59,296

IX-9 Other employee benefitsPrograms $15,516 · Management $1,958 · Fundraising $980$18,454

IX-10 Payroll taxesPrograms $8,645 · Management $1,063 · Fundraising $532$10,240

IX-11b Legal feesPrograms $2,554 · Management $284$2,838

IX-11c Accounting feesPrograms $9,202 · Management $1,022$10,224

IX-11g Other fees for servicesPrograms $11,077 · Management $1,255 · Fundraising $18,213$30,545

IX-12 Advertising and promotionPrograms $3,440 · Management $382 · Fundraising $190$4,012

IX-13 Office expensesPrograms $3,296 · Management $388 · Fundraising $195$3,879

IX-16 OccupancyPrograms $35,477 · Management $6,136 · Fundraising $535$42,148

IX-19 Conferences, conventions and meetingsPrograms $2,174 · Management $256 · Fundraising $128$2,558

IX-20 InterestPrograms $2,791 · Management $531$3,322

IX-22 Depreciation, depletion and amortizationPrograms $3,116 · Management $593$3,709

IX-23 InsurancePrograms $10,516 · Management $2,423 · Fundraising $263$13,202

IX-24 Other expenses (24a–d)Programs $32,012 · Management $1,571 · Fundraising $784$34,367

IX-24e All other expensesPrograms $5,469 · Management $773 · Fundraising $240$6,482

IX-25 Total functional expensesPrograms $258,699 · Management $29,569 · Fundraising $28,043$316,311

Part X · Balance sheet $950,258 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $245,199$71,582

X-2 Savings and temporary cash investments$216,103

X-10c Land, buildings and equipment, netStart of year $0$483,126

X-15 Other assetsStart of year $161,532$179,447

X-16 Total assetsStart of year $406,731$950,258

X-25 Other liabilitiesStart of year $1,983$99,441

X-26 Total liabilitiesStart of year $1,983$99,441

X-27 Net assets without donor restrictionsStart of year $404,748$813,854

X-28 Net assets with donor restrictions$36,963

X-32 Total net assets or fund balancesStart of year $404,748$850,817

X-33 Total liabilities and net assetsStart of year $406,731$950,258

Part XI · Reconciliation of net assets $850,817 net assets at year end

XI-1 Total revenue$762,380

XI-2 Total expenses$316,311

XI-3 Revenue less expenses$446,069

XI-4 Net assets at start of year$404,748

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$850,817

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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