Toolworks INC EIN 94-2493384

Toolworks INC

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Provides job skills training for individuals with disabilities. For fiscal year 2024 it reported $20.5M in revenue, $20.8M in expenses, and $11.2M in net assets.Pt I

Founded
1975
Type
Public charity (501(c)(3)) · Employment
Location
San Francisco, CA
Website
www.toolworks.org
Filings
5 on file (2020–2024)
Revenue
$20.5MFY2024
Expenses
$20.8M
Net assets
$11.2M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2493384 Public charity (501(c)(3)) San Francisco, CA Founded 1975
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Provides job skills training for individuals with disabilities.
Leadership
Kristy Feck · Chief Executive Officer · $317K
Money in and out
$20.5M revenue, $20.8M expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$20.5M
Pt VIII · Ln 12
Total expenses
$20.8M
Pt IX · Ln 25
Net assets
$11.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$302K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -174% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$20.5M
FY2024▲ +2%
Expenses
$20.8M
FY2024▲ +5%
Total assets
$16.3M
FY2024▲ +8%
Total liabilities
$5.1M
FY2024▲ +32%
Total revenue
$20.5M
Pt VIII · Ln 12
Total expenses
$20.8M
Pt IX · Ln 25
Net assets
$11.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$302K
Total assetsPt X · Ln 16$16.3M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $16.9M of program spending, described in the organization's own filed words · FY2024.
01

Contract Services

Toolworks social enterprises employ more than 125 workers with disabilities in high-paying, career track positions in the janitorial and hospitality industries. High-profile customers of toolworks commercial janitorial firm include the phillip burton federal building, the ninth circuit court of appeals and the san francisco maritime…

$8.1Mprogram expense
02

Community Living Services

Toolworks provides the training and support that enable people with significant disabilities to live independently in the community and their home. Community living serves approximately 100 individuals; this 1:1 service is tailored to meet the need of each individual and includes support in the areas of cooking, travel, money management…

$7.1Mprogram expense
03

Community Integration Services

Community integration services fosters the development of employment skills and living skills that enable people with disabilities to live and work in the community. Services are centered in san francisco, alameda and contra costa and serve approximately 100 adults who want help developing their pre-employment skills such as travelling…

$1.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CToolworks INC
EINHdr · item D94-2493384
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.toolworks.org
Year of formationHdr · item L1975
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J33Z)
Ruling yearIRS BMFJul 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$316,627Pt VII · Sec A
Chief Operations Officer
$160,392Pt VII · Sec A
VP of HR & Administration
$142,181Pt VII · Sec A
$108,709Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Person
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristy Feck’s $317K as Chief Executive Officer is at the 73rd percentile of top reported officer pay among 415 $10–100M employment 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kristy Feck$316,627$333,695$360,472$244,902$262,930$251,154
Janet a Behr$160,392$145,513
Sarah Burgett$159,533$129,867$110,581
Geneva M Carlos-Valentino$142,181$123,427
Eulalio Cervantes$140,063$125,860$117,529
Janet Behr$136,068$129,106$114,007
Reda Abraha$118,567
Rogelio Garcia Solorio$108,709

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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Statement of Revenue

Part VIII
Program service revenue$19.3M · 94%
Contributions & grants$750K · 4%
Investment income$258K · 1%
Other revenue$198K · 1%
Program service revenue94%$19.3M
Contributions & grants4%$750K
Investment income1%$258K
Other revenue1%$198K
Total revenueLn 12$20.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$17.7M
Management & general15%$3.2M
Total functional expensesLn 25$20.8M

Balance Sheet

Part X · end of year
CashLn 1$4.7M
Total assetsLn 16$16.3M
Total liabilitiesLn 26$5.1M
Total net assetsLn 32$11.2M
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.1M · Operating expenses (Pt IX) $20.8M · Less non-cash grants $24K · Cash operating expenses/yr $20.8M
7.0 months
Where the money goes
Program services
Program services $17.7M · Total expenses $20.8M
85%
Management & General
Management & general $3.2M · Total expenses $20.8M
15%
Fundraising
Fundraising $0 · Total expenses $20.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $729K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $750K · Total revenue $20.5M
4%
Government reliance
Government grants — · Total revenue $20.5M
Earned-income share
Program service revenue $19.3M · Total revenue $20.5M
94%
Investment reliance
Investment income $258K · Total revenue $20.5M
+1%
Program self-sufficiency
Program service revenue $19.3M · Total expenses $20.8M
93%
Growth & trend
Revenue growth (YoY)
This year $20.5M · Prior year $20.2M
+2%
Revenue CAGR
FY2019 $17.8M · FY2024 $20.5M
+3%
Net-asset trend (YoY)
End of year $11.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.5M · Expenses $20.8M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $16.3M
Net-asset ratio
Net assets $11.2M · Total assets $16.3M
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $7.4M · Total assets (Pt X, ln 16) $16.3M
45%
People & payroll
Highest Reported Total Compensation
Individual Kristy Feck · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $317K · Total expenses $20.8M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $17.5M · Total expenses $20.8M
84%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
SourceamericaFY2024$48K
Total grants receivedfrom 2 funders$63K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$20.2M revenue · ⤓ 990 PDF
FY2023$20.4M revenue · ⤓ 990 PDF
FY2022$19.4M revenue · ⤓ 990 PDF
FY2021$20.6M revenue · ⤓ 990 PDF
FY2020$17.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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