Power Tool Institute Inc

Cleveland, OH
Tax-exempt since Feb. 1973
EIN: 23-7258534

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$991k (2023)

Expenses

$1.08M (2023)

Total Assets

$433k (2023)

Total Liabilities

$259k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$991,021

Expenses

$1,084,088

Net Income

-$93,067

Net Assets

$173,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$620,235	62.6%
Program Services	$360,786	36.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,000	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$433,064
Total Liabilities	$259,312
Net Assets	$173,752

Compensation

Key Employees and Officers	Compensation	Related	Other
Colleen Hart (Director)	$0	$0	$0
Robert Hatfield (Director)	$0	$0	$0
Ken Hefley (Director)	$0	$0	$0
Mark Hickok (Director)	$0	$0	$0
Frank Mannarino (Director)	$0	$0	$0
Mike Mcgowan (Director)	$0	$0	$0
Susan Orenga (President)	$0	$0	$0
Darlene Ralicki (Director)	$0	$0	$0
Steve Shepherd (Director)	$0	$0	$0
Ravi Voruganti (Director)	$0	$0	$0
Kris Williams (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$833,452

Expenses

$806,273

Net Income

$27,179

Net Assets

$266,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$606,707	72.8%
Program Services	$221,745	26.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,000	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$570,328
Total Liabilities	$303,509
Net Assets	$266,819

Compensation

Key Employees and Officers	Compensation	Related	Other
Christopher Berg (Director)	$0	$0	$0
Colleen Hart (Director)	$0	$0	$0
Robert Hatfield (Director)	$0	$0	$0
Ken Hefley (Director)	$0	$0	$0
Mark Hickok (Director)	$0	$0	$0
Simon Miller (Director)	$0	$0	$0
Allison Nicolaidis (Director)	$0	$0	$0
Martin Schofield (President)	$0	$0	$0
Steve Shepherd (Director)	$0	$0	$0
Ravi Voruganti (Director)	$0	$0	$0
Kris Williams (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$899,209

Expenses

$876,117

Net Income

$23,092

Net Assets

$239,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$654,728	72.8%
Program Services	$244,481	27.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$602,605
Total Liabilities	$362,965
Net Assets	$239,640

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry Albert (Director)	$0	$0	$0
Erin Ashcroft (Director)	$0	$0	$0
Christopher Berg (Director)	$0	$0	$0
Ralf Brandt (Director)	$0	$0	$0
Rich Chapman (Director)	$0	$0	$0
Brady Groth (Director)	$0	$0	$0
Ken Hefley (Director)	$0	$0	$0
Mark Hickok (Director)	$0	$0	$0
Drew Hornick (Director)	$0	$0	$0
Frank Mannarino (Director)	$0	$0	$0
Martina Mcisaac (Director)	$0	$0	$0
Eric Mozley (Director)	$0	$0	$0
Al Pierga (Director)	$0	$0	$0
Martin Schofield (President)	$0	$0	$0
Stephanie Thompson (Director)	$0	$0	$0
Terry Tuerk (Director)	$0	$0	$0
Ravi Voruganti (Director)	$0	$0	$0
Kris Williams (Director)	$0	$0	$0

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990

Filed on Sept. 2, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$886,806

Expenses

$801,192

Net Income

$85,614

Net Assets

$216,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$649,218	73.2%
Program Services	$237,588	26.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$720,368
Total Liabilities	$503,820
Net Assets	$216,548

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Black (Director)	$0	$0	$0
Dan Carter (Director)	$0	$0	$0
Gary Childress (Director)	$0	$0	$0
Brad Franklin (Director)	$0	$0	$0
Wes Harmelink (Director)	$0	$0	$0
Sri Kanchibhotla (Director)	$0	$0	$0
Tom Kim (Director)	$0	$0	$0
Greg Montgomery (Director)	$0	$0	$0
Greg Pauken (Director)	$0	$0	$0
David Raskin (Director)	$0	$0	$0
Kevin Reed (Director)	$0	$0	$0
Marty Schofield (President)	$0	$0	$0
Craig Serio (Director)	$0	$0	$0
Ken Stair (Director)	$0	$0	$0
Greg Wischstadt (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,035,118

Expenses

$991,577

Net Income

$43,541

Net Assets

$130,934

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$668,966	64.6%
Program Services	$366,152	35.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$409,637
Total Liabilities	$278,703
Net Assets	$130,934

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Clancy (Director)	$0	$0	$0
Milos Coric (Director)	$0	$0	$0
Ralf Brandt (Director)	$0	$0	$0
Avraham Kahn (Director)	$0	$0	$0
Martin Schofield (Director)	$0	$0	$0
Jeffrey Makino (Director)	$0	$0	$0
Rich Champman (Director)	$0	$0	$0
Ken Hefley (Director, Vice President)	$0	$0	$0
Joe Smith (Director)	$0	$0	$0
Terry Tuerk (Director)	$0	$0	$0
Roger Amrol Jr (Director)	$0	$0	$0
Al Pierga (Director)	$0	$0	$0
Frank Mannarino (Director, President)	$0	$0	$0
Larry Albert (Director)	$0	$0	$0
Mike Farrah (Director)	$0	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$971,069

Expenses

$1,036,787

Net Income

-$65,718

Net Assets

$87,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$633,331	65.2%
Program Services	$337,738	34.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$456,921
Total Liabilities	$369,528
Net Assets	$87,393

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Clancy (Director)	$0	$0	$0
Milos Coric (Director)	$0	$0	$0
Ralf Brandt (Director)	$0	$0	$0
Avraham Kahn (Director)	$0	$0	$0
Martin Schofield (Director)	$0	$0	$0
Jeffrey Makino (Director)	$0	$0	$0
Rich Chapman (Director)	$0	$0	$0
Ken Hefley (Vice President)	$0	$0	$0
Joe Smith (Director)	$0	$0	$0
Terry Tuerk (Director)	$0	$0	$0
Roger Amrol Jr (Director)	$0	$0	$0
Al Pierga (Director)	$0	$0	$0
Frank Mannarino (President)	$0	$0	$0
Larry Albert (Director)	$0	$0	$0
Mike Farrah (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$973,185

Expenses

$956,855

Net Income

$16,330

Net Assets

$153,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$938,653	96.5%
Program Services	$34,532	3.5%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$501,585
Total Liabilities	$348,474
Net Assets	$153,111

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$945,258

Expenses

$936,946

Net Income

$8,312

Net Assets

$136,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$917,179	97.0%
Program Services	$28,079	3.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$627,335
Total Liabilities	$490,554
Net Assets	$136,781

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$772,546

Expenses

$767,221

Net Income

$5,325

Net Assets

$128,469

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$753,925	97.6%
Program Services	$18,621	2.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$575,565
Total Liabilities	$447,096
Net Assets	$128,469

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$726,577

Expenses

$695,141

Net Income

$31,436

Net Assets

$123,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$703,801	96.9%
Program Services	$22,776	3.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$537,692
Total Liabilities	$414,548
Net Assets	$123,144

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$645,450

Expenses

$680,734

Net Income

-$35,284

Net Assets

$91,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$626,043	97.0%
Program Services	$19,407	3.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$517,285
Total Liabilities	$425,577
Net Assets	$91,708

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$927,237

Expenses

$960,483

Net Income

-$33,246

Net Assets

$126,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$908,226	97.9%
Program Services	$19,011	2.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$315,377
Total Liabilities	$188,385
Net Assets	$126,992

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,170,127

Expenses

$1,108,601

Net Income

$61,526

Net Assets

$160,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,150,073	98.3%
Program Services	$20,054	1.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$552,056
Total Liabilities	$391,818
Net Assets	$160,238

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$853,734

Expenses

$857,392

Net Income

-$3,658

Net Assets

$98,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$839,032	98.3%
Program Services	$14,405	1.7%
Investment Income	$297	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$446,430
Total Liabilities	$347,718
Net Assets	$98,712

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Power Tool Institute Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $991k (2023)

Expenses $1.08M (2023)

Total Assets $433k (2023)

Total Liabilities $259k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$991k (2023)

Expenses

$1.08M (2023)

Total Assets

$433k (2023)

Total Liabilities

$259k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004