Lifeequip
- Assets
- $341.6k
- Revenue
- $752.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Debary, FL
- Founding
- 07/2017
- Data as of
- 12/2020
- EIN
- 47-4304150
Organization Overview
Lifeequip is located in Debary, FL. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeequip 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 12/2020, Lifeequip generated $752.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.2% each year . All expenses for the organization totaled $523.1k during the year ending 12/2020. While expenses have increased by 74.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL CHURCH DEVELOPMENT AND SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Stewart President | 40 | $120,000 | |
Beverly Stewart Director | 40 | $75,000 | |
Lawrence G Foltz Treasurer | 0 | $0 | |
Daniel Hopper Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $752,796 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22 |
| Total Revenue | $752,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,000 |
| Other employee salaries and wages | $161,132 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,813 |
| Depreciation | $4,961 |
| Occupancy | $55,755 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,243 |
| Total operating and administrative expenses | $523,065 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $523,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,515 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $27,016 |
| Other assets | $2,100 |
| Total assets | $341,631 |
| Accounts payable and accrued expenses | -$2,984 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $81,509 |
| Total liabilities | $78,525 |
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|---|---|---|
Cross International Inc Pompano Beach, FL | $1,626,437 | $52,631,066 |
Ligonier Ministries Inc Sanford, FL | $54,142,799 | $25,858,613 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |