Nonprofit · EIN 86-2866646
TOOL LIBRARY OF LAKE COUNTY
Tax-exempt · MUNDELEIN, IL 60060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $60,707 | $32,836 | $27,871 | $148,163 | $91,183 | $56,980 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $48,775
- Membership dues
- $10,803
- Program service revenue
- $620
- Investment income
- $509
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $5,375
- Printing, publications and postage
- $599
- Other expenses
- $26,862
- Program services (functional)
- $27,188
Balance sheet and other
- Total assets, start of year
- $29,109
- Total assets, end of year
- $148,163
- Total liabilities, end of year
- $91,183
- Net assets, end of year
- $56,980
- Cash, savings and investments
- $30,750
- Gross receipts
- $62,691
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shelley Clark | President, Director | 10 | $0 |
| Brett Loding | Vice-President, Director | 15 | $0 |
| Mark Wilson | Treasurer, Director | 15 | $0 |
| Larry Lustig | Secretary, Director | 10 | $0 |
| Bert Gaide | Director | 3 | $0 |
| Arlan Converse | Director | 30 | $0 |
| Phil Yaffe | Director | 5 | $0 |
| Paul Kaufman | Director | 0.5 | $0 |
| Mark Petersen | Director | 3 | $0 |
| Van Miller | Director | 15 | $0 |
| Jonathan Rosales | Director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 309 N SEYMOUR AVE, MUNDELEIN, IL 60060-2322
- Mailing address (990-N for 2023)
- 428 North Chicago Avenue, Mundelein IL 60060
- Principal officer (990-N for 2023)
- Shelley Clark, 428 North Chicago Avenue, Mundelein IL 60060
- Signed the 990-EZ
- Mark Wilson, Treasurer
- Phone
- (224) 475-0435
- Website
- www.mundeleintoollibrary.org
Mission
The Tool Library of Lake County takes donations of used tools and small equipment, repairs or refurbishes them, lends them to members, sells them to the public to minimize waste and environmental degredation, and hosts programs and workshops related to toolwork, crafts, home improvement and community-building.
Program accomplishments
- TLLC made 1,202 loans of tools during CY/FY2024 to its members. During each month of the year, TLLC had between 412 and 637 active members.Expenses $27,188
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 86-2866646
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $148,163
- Income (IRS master file)
- $62,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $60,707 | $32,836 | $148,163 | XML |
| 990-N for 2023 Officer: Shelley Clark | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Mark Wilson | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-2866646).
Questions about TOOL LIBRARY OF LAKE COUNTY
- What is the EIN of TOOL LIBRARY OF LAKE COUNTY?
- The employer identification number (EIN) of TOOL LIBRARY OF LAKE COUNTY is 86-2866646.
- Is TOOL LIBRARY OF LAKE COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to TOOL LIBRARY OF LAKE COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOOL LIBRARY OF LAKE COUNTY 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 TOOL LIBRARY OF LAKE COUNTY 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 TOOL LIBRARY OF LAKE COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of TOOL LIBRARY OF LAKE COUNTY?
- The 990-N for 2023 names Shelley Clark.
- Who are the officers and directors of TOOL LIBRARY OF LAKE COUNTY?
- The 990-EZ for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does TOOL LIBRARY OF LAKE COUNTY have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $60,707, expenses of $32,836 and total assets of $148,163 at year end.
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