Equipped For Life Inc
- Assets
- $67.5k
- Revenue
- $44.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Wake Forest, NC
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1767553
Organization Overview
Equipped For Life Inc is located in Wake Forest, NC. The organization was established in 2008. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Equipped For Life Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equipped For Life Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Equipped For Life Inc generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $76.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL STILL MORE IN MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL IN MINISTRY. EFL ACCOMPLISHES THIS THROUGH FOUR PROGRAMS. FLAGSHIP FOR MISSIONS PROVIDES OUTLETS TO SUPPORT GLOBAL MISSIONS PARTNERSHIPS. THE EQUIPPING CENTER OFFERS CONSULTING SERVICES, CONFERENCE SPEAKING, COACHING AND MENTORING. THE LEADERSHIP TOOLBOX PROVIDES ARTICLES, SERMON NOTES, AND BOOKS, WHILE THE SCHOOL CONSULTING PROGRAM HELPS CHRISTIAN SCHOOL LEADERS DEVELOP CURRICULUM AS WELL AS MENTOR AND EQUIP TEACHERS. IN 2021, EQUIPPED FOR LIFE CONSULTED WITH 4 CHURCHES IN THE UNITED STATES AND ONE IN UKRAINE, BEGAN CURRICULUM DEVELOPMENT FOR VIDEO TO BE CREATED IN 2022, AND PROVIDED FINANCIAL SUPPORT TO LUTSK BIBLE CHURCH, ACADEMY OF HOMILETICS, AND JORDAN EVANGELICAL THEOLOGICAL SEMINARY, AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Horner Chief Execut | OfficerTrustee | 40 | $18,317 |
Steve Munshower Secretary/tr | OfficerTrustee | 2 | $0 |
Gordon Bolin Director | Trustee | 1 | $0 |
David New Director | Trustee | 1 | $0 |
Jon Roberson Director | Trustee | 1 | $0 |
Steve Vaughn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,722 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $16,040 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,979 |
| Compensation of current officers, directors, key employees. | $8,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,177 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $75,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,349 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,502 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $67,502 |
| Total liabilities and net assets/fund balances | $67,502 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Equipped For Life Inc has recieved totaling $2,300.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $2,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Christian Relief Services - 21st Century Campaign Inc Alexandria, VA | $158,124,944 | $23,648,742 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Score International Inc Chattanooga, TN | $7,470,885 | $5,241,961 |
Missionary Athletes International Charlotte, NC | $3,307,948 | $5,472,845 |
Persecution Project Foundation Culpeper, VA | $1,374,670 | $4,791,069 |