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EIN 23-7258534

Power Tool Institute (PTI)

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Cleveland
State
Ohio
Year formed
1969
Most recent tax filings
2023-12-01
NTEE code, primary
S41: Promotion of Business
Description
To unify and educate others about power tools, the Power Tool Institute (PTI) has established itself as the leading organization for building global understanding of power tools and for maintaining high standards of safety in the industry.
Total revenues
$991,021
2023
Total expenses
$1,084,088
2023
Total assets
$433,064
2023
Num. employees
0
2023

Program areas at PTI

Joint venture: Power Tool Institute has developed a license agreement and continues to monitor patents which furthers the exempt purpose of promoting the business interests of the industry and encourage high standards of safety and quality control in manufacturing Power tools.
Global harmonization: Power Tool Institute has a project to harmonize Power Tool standards with europe and japan which furthers the exempt purpose of safety and quality control in the manufacturing of Power tools.
Consumer product safety commission petition: Power Tool Institute has a project to address a petition filed before cpsc by stephen gass requesting a mandatory safety standard for table saws which furthers the exempt purpose of safety and quality control in the manufacturing of Power tools.

Personnel at PTI

NameTitle
Melissa AllayExecutive Manager

Financials for PTI

RevenuesFYE 12/2023
Total grants, contributions, etc.$620,235
Program services$360,786
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$10,000
Total revenues$991,021

Form 990s for PTI

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-09-02990View PDF
2020-122021-11-15990View PDF
2018-122020-02-04990View PDF
...and 9 more Form 990s
Data update history
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Updated personnel
Identified 5 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 1, 2023
Updated personnel
Identified 15 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsNo full-time employees
General information
Address
1300 Sumner Ave
Cleveland, OH 44115
Metro area
Cleveland-Elyria, OH
County
Cuyahoga County, OH
Website URL
powertoolinstitute.com/ 
Phone
(216) 241-7333
IRS details
EIN
23-7258534
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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