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Nonprofiteer
← EQUIP INC

Form 990 for tax year 2023

Filed by EQUIP INC.

Totals

Total revenue
$2,862,049
Total expenses
$2,718,941
Contributions and grants received
$2,766,402
Grants paid
$637,268
Program service revenue
$56,475
Investment income
$39,172
Other revenue
$0
Total assets, end of year
$2,239,924
Total liabilities, end of year
$11,896
Net assets or fund balances, end of year
$2,228,028
Program services expenses (Part IX)
$2,165,672
Management and general expenses
$498,474
Fundraising expenses
$54,795
Program service expenses (Part III)
$2,165,672

Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,766,402

  • 2a · Program service revenue: CONFERENCE

    total $43,361 · related or exempt $43,361

  • 2b · Program service revenue: RENTAL INCOME

    total $8,250 · related or exempt $8,250

  • 2c · Program service revenue: TUITION & DEPOSITS

    total $4,244 · related or exempt $4,244

  • 2d · Program service revenue: BOOKSTORE SALES

    total $620 · related or exempt $620

  • 3 · Investment income

    total $29,609 · related or exempt $29,609

  • 7a · Gross sales of assets other than inventory

    other assets $9,563

  • 7c · Gain or loss

    other assets $9,563

  • 7d · Net gain or loss

    total $9,563 · related or exempt $9,563

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $637,268 · program services $637,268

  • 5 · Compensation of officers, directors and key employees

    total $140,679 · management and general $140,679

  • 7 · Other salaries and wages

    total $1,021,340 · program services $813,390 · management and general $160,630 · fundraising $47,320

  • 9 · Other employee benefits

    total $35,420 · program services $32,954 · management and general $2,466

  • 10 · Payroll taxes

    total $81,639 · program services $58,135 · management and general $19,884 · fundraising $3,620

  • 11b · Fees: legal

    total $6,290 · program services $6,168 · management and general $122

  • 11c · Fees: accounting

    total $7,100 · management and general $7,100

  • 11g · Fees: other

    total $57,652 · program services $23,750 · management and general $33,902

  • 12 · Advertising and promotion

    total $8,570 · program services $587 · management and general $5,167 · fundraising $2,816

  • 13 · Office expenses

    total $21,455 · program services $11,788 · management and general $9,667

  • 14 · Information technology

    total $4,435 · program services $563 · management and general $3,872

  • 16 · Occupancy

    total $115,460 · program services $83,065 · management and general $32,395

  • 17 · Travel

    total $72,596 · program services $61,781 · management and general $10,228 · fundraising $587

  • 20 · Interest

    total $339 · management and general $339

  • 22 · Depreciation, depletion and amortization

    total $20,153 · program services $19,549 · management and general $604

  • 23 · Insurance

    total $19,769 · management and general $19,769

  • 24a · Other expenses: OTHER EXPENSE - FIELD

    total $584,854 · program services $584,854

  • 24b · Other expenses: TRAINING

    total $124,478 · program services $124,478

  • 24c · Other expenses: FOOD EXPENSE

    total $50,977 · program services $48,890 · management and general $1,666 · fundraising $421

  • 24d · Other expenses: CONFERENCES

    total $38,809 · program services $10,875 · management and general $27,934

  • 24e · All other expenses

    total -$330,342 · program services -$352,423 · management and general $22,050 · fundraising $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $610,395 · end of year $695,208

  • 2 · Savings and temporary cash investments

    beginning of year $1,031,564 · end of year $1,056,784

  • 4 · Accounts receivable

    beginning of year $750 · end of year $2,468

  • 7 · Other notes and loans receivable

    beginning of year $26,833 · end of year $12,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,239 · end of year $6,554

  • 10a · Land, buildings and equipment: cost or other basis

    $727,891

  • 10b · Land, buildings and equipment: accumulated depreciation

    $261,497

  • 10c · Land, buildings and equipment, net

    beginning of year $428,420 · end of year $466,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $800 · end of year $800

  • 19 · Deferred revenue

    beginning of year $9,854 · end of year $5,730

  • 25 · Other liabilities

    beginning of year $8,627 · end of year $5,366

  • 27 · Net assets without donor restrictions

    beginning of year $1,223,348 · end of year $1,401,882

  • 28 · Net assets with donor restrictions

    beginning of year $861,572 · end of year $826,146

Mission and programs · 2023

Mission

TO PREPARE, TRAIN AND SUPPORT FINANCIALLY, EVANGELICAL CHRISTIAN MISSIONARIES IN THEIR WORK AROUND THE WORLD.

  • TO PREPARE, TRAIN, AND SUPPORT FINANCIALLY, EVANGELICAL CHRISTIAN MISSIONARIES IN THEIR WORK AROUND THE WORLD.

    Expenses $2,165,672 · Grants $637,268 · Revenue $56,425

As filed on the 2023 return.

Listed in Part VII

  • Mr Ben Adkins

    PRESIDENT

    Total calculated
    $91,600
    From this org
    $91,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ms Paula Evans

    SECRETARY

    Total calculated
    $49,179
    From this org
    $49,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mr Caleb Bradshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jon Brooks

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeff Burwinkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Brian Guengerich

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Mr Kyle Hoover

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Andy Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mrs Diane Oxendale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Ron Pownall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rev Lonnie Ray

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Mr Jesse Thornburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Dawn Wildman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202511209349302796

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