Northeast Minneapolis Tool Library

Education organization based in Minneapolis, MN. 9 employees. Exempt under §501(c)(3).

MissionLending tools to members and increasing self-sufficiency skills in the community.

EIN
47-1051712
State
MN
Sector
Education
Budget band
$250K–$500K
Latest filing
TY 2024
Records
1 officers · 2 years

Financial snapshot · TY 2024

$274K
Total revenue
$230K
Total expenses
$258K
Net assets

Financial health · TY 2024

73
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
57
10.3 months of expenses
Program efficiency
100
98.5% spent on programs
Revenue diversity
53
Mix of program fees, grants & contributions

Leadership compensation

Kate Hersey
Executive Director
$41,512
22th percentile vs. peers

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Northeast Minneapolis Tool Library Executive Compensation | 990 Data | DoubleNine