Mid-West Tool Collectors Association Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
STUDYING, PRESERVING AND SHARING KNOWLEDGE OF TOOLS.
- Income
- $90,070
- Spending
- $120,813
- Spent on programs
- 71%
- Reserves
- 101 months of spending
- Largest source of income
- donations and private grants, 66%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100.
Reserves
35 of 35Spendable reserves would cover 101.0 months of spending.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
0 of 15Spending exceeded income by 34% of income.
Income trend
0 of 15Income fell 34% on the year before.
Spending floor
15 of 1571% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 62 out of 100.
Independent board
25 of 2524 of 24 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $54,190 spent. PUBLICATION OF THE GRISTMILL FOUR TIMES PER YEAR. IN 2019, THE FOUR ISSUES TOTALED 240 PAGES OF WHICH 150 PAGES WERE DEDICATED TO 40 RESEARCHED ARTICLES ON ANTIQUE TOOLS AND IMPLEMENTS. THE BALANCE REPORTED ON COMITTEE MEETINGS, AUXILIARY ACTIVITIES, OBITUARIES AND ADVERTISING AS WELL AS NATIONAL AND AREA MEETINGS. AUTHORS ARE NOT COMPENSATED FOR THEIR PUBLISHED ARTICLES. FORTY-TWO HUNDRED COPIES OF EACH ISSUE ARE PRINTED WITH 3,900 DISTRIBUTED TO THE MEMBERS AND THE BALANCE GIVEN TO NEW MEMBERS WHEN THEY JOIN. A MEMBERSHIP DIRECTORY IS ISSUED TO ALL 3,900 MEMBERS AND NEWLY JOINING MEMBERS AND INCLUDES THE ORGANIZATIONS BY LAWS AND MISSION STATEMENT AS WELL AS A LISTING OF OFFICERS AND DIRECTORS.
- $14,807 spent. A MEMBERSHIP DIRECTORY IS PROVIDED TO EACH OF THE 3,148 MEMBERS WHICH INCLUDES THE ORGANIZATION BY-LAWS AND MISSION, ORGANIZATION OPERATING POLICIES, AND A LISTING OF OFFICERS AND DIRECTORS. PERIODICALLY, WITH A GOAL OF ANNUALLY, A SPECIAL PUBLICATION WILL BE ISSUED TO THE MEMBERSHIP TO PROVIDE HISTORY OF THE TRADES.
- $12,190 spent. THE MWTCA EDUCATION AND PRESERVATION COMMITTEE AWARDS FINANCIAL ASSISTANCE TO INDIVIDUALS TO FURTHER THEIR STUDIES IN THE TOOL TRADE
- $4,200 spent. TEN SCHOLARSHIPS OF $1,500 EACH WERE AWARDED TO STUDENTS ATTENDING COLLEGE. THERE ARE NO RESTRICTIONS ON WHO MAY APPLY FOR A SCHOLARSHIP OTHER THAN IT MUST BE APPLIED TO THE COST OF A TWO OR FOUR YEAR DEGREE. THE EXECUTIVE COMMITTEE AND SCHOLARSHIP COMMITTEE MEMBERS AND THEIR FAMILY MEMBERS ARE NOT ELIGIBLE TO BE AWARDED THE SCHOLARSHIPS.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1986.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.