Nonprofit · EIN 45-2469360
TOOLBANK USA INC
Also known as CINCINNATI COMMUNITY TOOLBANK INC
Tax-exempt · CINCINNATI, OH 45208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $624,366 | $545,911 | $78,455 | $1,471,498 | $511,326 | $960,172 |
| December 31, 2023 | 990 | $782,570 | $427,273 | $355,297 | $1,409,106 | $527,389 | $881,717 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $452,307
- Program service revenue
- $142,467
- Investment income
- $0
- Net rental income
- $8,850
- Net income from fundraising events
- $12,137
- Other revenue
- $29,592
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,165
- Other salaries and wages
- $97,586
- Salaries, compensation and benefits (total)
- $257,362
- Professional fundraising fees
- $0
- Accounting fees
- $54,264
- Occupancy
- $53,375
- Travel
- $209
- Depreciation
- $51,029
- Program services (functional)
- $397,953
- Management and general (functional)
- $128,180
- Fundraising (functional)
- $19,778
Balance sheet and other
- Total assets, start of year
- $1,409,106
- Total assets, end of year
- $1,471,498
- Total liabilities, end of year
- $511,326
- Net assets, end of year
- $960,172
- Land, buildings and equipment
- $1,182,689
- Net assets without donor restrictions
- $941,453
- Net assets with donor restrictions
- $18,719
- Gross receipts
- $667,004
- Employees
- 4
- Volunteers
- 296
- Year formed
- 2011
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAT PAPMEYER | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $90,165 |
| LONNIE GRAYSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LYDIA BURNS | VICE PRESIDENTS Trustee or director, Officer | 2 | $0 |
| MANDI RASSEL | TRESURER Trustee or director, Officer | 2 | $0 |
| ZACHARY SCHEID | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHERYL NEILHEISEL | BOARD MEMBER Trustee or director | 2 | $0 |
| CHRISTINA CROSWELL | BOARD MEMBER Trustee or director | 2 | $0 |
| DAWN FREUDENBERG | BOARD MEMBER Trustee or director | 2 | $0 |
| JANELLE STEARNS | BOARD MEMBER Trustee or director | 2 | $0 |
| JEREMIAH MERRITT | BOARD MEMBER Trustee or director | 2 | $0 |
| JESSICA FITZWILSON | BOARD MEMBER Trustee or director | 2 | $0 |
| JOE BRUNNER | BOARD MEMBER Trustee or director | 2 | $0 |
| JULIE ITALIANO | BOARD MEMBER Trustee or director | 2 | $0 |
| RYAN MCALEER | BOARD MEMBER Trustee or director | 2 | $0 |
| MARK WILSON | BOARD MEMBER Trustee or director | 2 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROB GEHRUM | BOARD MEMBER Trustee or director | 2 | $0 |
| MATT BERRY | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAT PAPMEYER | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $87,000 |
| RYAN RECKMAN | PRESIDENT Trustee or director | 2 | $0 |
| LONNIE GRAYSON | VICE PRESIDENT Trustee or director | 2 | $0 |
| MANDI RASSEL | TRESURER Trustee or director | 2 | $0 |
| ZACHARY SCHEID | SECRETARY Trustee or director | 2 | $0 |
| CHERYL NEILHEISEL | BOARD MEMBER Trustee or director | 2 | $0 |
| CHRISTINA CROSWELL | BOARD MEMBER Trustee or director | 2 | $0 |
| FOREST RUSSMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| JANELLE STEARNS | BOARD MEMBER Trustee or director | 2 | $0 |
| JEREMIAH MERRITT | BOARD MEMBER Trustee or director | 2 | $0 |
| JESSICA FITZWILSON | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN HAUSFELD | BOARD MEMBER Trustee or director | 2 | $0 |
| JULIE ITALIANO | BOARD MEMBER Trustee or director | 2 | $0 |
| LYDIA BURNS | BOARD MEMBER Trustee or director | 2 | $0 |
| MAGGIE SPATARO | BOARD MEMBER Trustee or director | 2 | $0 |
| MARK WILSON | BOARD MEMBER Trustee or director | 2 | $0 |
| MATT BERRY | BOARD MEMBER Trustee or director | 2 | $0 |
| NATE STRAHM | BOARD MEMBER Trustee or director | 2 | $0 |
| ROB GEHRUM | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3049 KINMONT ST, CINCINNATI, OH 45208-2959
- Principal officer (990 for 2024)
- KAT PEPMEYER, 1682 EAST SEYMOUR, CINCINNATI, OH 45237
- Signed the 990
- KAT PEPMEYER, EXECUTIVE DIRECTOR
- Phone
- (513) 246-0015
- Website
- WWW.CINCINNATITOOLBANK.ORG
- Return prepared by
- CHAMBERLIN OWEN & CO INC
Mission
THE CINCINNATI COMUMUNITY TOOLBANK STRENGTHENS AND EQUIPS NONPROFIT ORGANIZATIONS, SCHOOLS, AND COMMUNITY GROUPS WITH ACCESS TO TOOLS, EQUIPMENT, AND EXPERTISE SO THEY CAN MAXIMIZE THEIR IMPACT, COMPLETE PROJECTS MORE EFFICIENTLY, AND BUILD STRONGER NEIGHBORHOODS.
Program accomplishments
- The Cincinnati ToolBank serves as a tool-lending library exclusively for charitable organizations, providing year-round access to an inventory of tools, event equipment, and training resources. Member agencies borrow tools for pennies on the dollar, eliminating the need to purchase or store expensive equipment. This resource-sharing model empowers nonprofits to direct more of thier funding toward mission-driven work while still tackling ambitious community projects. In addition to tool-lending, the ToolBank operates a Training Center offering workforce development programs, hands-on workshops, and youth leadership iniatives that prepare participants with trade skills, certifications, and civic engagement opportunities. By providing tools, training, and support, the ToolBank ensures that nonprofit partners can complete critical projects-from neighborhood revitalization to disaster response - while building skills and strengthening the community.Expenses $397,953 · revenue $159,922
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2469360
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 5744: TOOLBANK USA INC
- Assets (IRS master file)
- $1,471,498
- Income (IRS master file)
- $667,004
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $624,366 | $545,911 | $1,471,498 | XML |
| 990 | December 2023 | $782,570 | $427,273 | $1,409,106 | XML |
| 990 | December 2022 | $321,668 | $373,735 | $1,042,877 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2469360).
Questions about TOOLBANK USA INC
- What is the EIN of TOOLBANK USA INC?
- The employer identification number (EIN) of TOOLBANK USA INC is 45-2469360.
- Is TOOLBANK USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Which annual return does TOOLBANK USA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOOLBANK USA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOOLBANK USA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TOOLBANK USA INC?
- The 990 for the year ended December 31, 2024 names KAT PEPMEYER.
- Who are the officers and directors of TOOLBANK USA INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $90,165 (KAT PAPMEYER, EXECUTIVE DIRECTOR).
- How much revenue does TOOLBANK USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $624,366, expenses of $545,911 and total assets of $1,471,498 at year end.
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