Lets Equip Inc
- Assets
- $240.4k
- Revenue
- $559.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-4229241
Organization Overview
Lets Equip Inc is located in Frisco, TX. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lets Equip 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, Lets Equip Inc generated $559.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $462.4k 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
TO EQUIP BELIEVERS WITH THE NECESSARY TOOLS, TRAINING, AND TEACHING FOR MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARED THE GOSPEL WITH HUNDREDS OF INDIVIDUALS THROUGH CONFERENCES AND PRIVATE SPEAKING REQUESTS. REQUESTED ENGAGEMENTS INCLUDE CHURCES, SCHOOLS, AND BUSINESSES. IN ADDITION, WE ENROLLED 2,087 NEW PEOPLE IN TO OUR ONLINE COMMUNITY WHERE WE DO MONTHLY BIBLE STUDIES SUCH AS WOMENS BIBLE STUDIES AND Q&AS.IN 2021 OUR ORGANIZATION COACHED 17 STUDENTS IN A 12 WEEK INTENSE PROGRAM ON HOW TO BUILD,LAUNCH AND GROW AN ONLINE MINISTRY. THE PROGRAM INCLUDED A 90 MIN FACE TO FACE ZOOM CALL WITH ALLEN PARR, ONE OF THE PREMIER LEADERS IN ONLINE MINSITRY. IN 2023 THE GOAL IS TO LAUNCH A BUSINESS COACHING PROGRAM DESIGNED TO HELP CHRISTIAN ENTREPRENUERS GROW THEIR BUSINESSES THROUGH DIGITAL MARKETING.OUR VISION IS TO ENROLL OVER 10000 PEOPLE INTO OUR COMMIUNITY BY 2023.
1,562 NEW MEMEBERS JOINED OUR BIBLE STUDY TRAINING PROGRAM, THE BIBLE STUDY TOOLKIT, ON HOW TO STUDY THE WORD OF GOD USING A PROVEN METHOD CALL INDUCTIVE BIBLE STUDY. AN ADDITIONAL COURSE, MASTERING LOGOS, INCLUDES OVER 35 STEP BY STEP TUTORIAL VIDEOS ON HOW TO USE LOGOS BIBLE SOFTWARE TO ENHANCE ONES PERSONAL BIBLE STUDY. WE TRAINED 17 NEW PARTICIPANTS ON HOW TO CREATE AN ONLINE MINISTRY USING YOUTUBE.
REACHED MILLIONS OF VIEWERS ON THE MINISTRY YOUTUBE CHANNEL, THE BEAT, BY SHARING THE GOSPEL OF JESUS CHRIST THROUGH VARIOUS TOPICS AND DISCUSSIONS. NUMBER OF VIEWS INCREASED BY 31.1 MILLION VIEWS WORLDWIDE FOR A TOTAL OF 80.1 MILLION VIEWS. OVER 800,OOO SUBSCRIBERS LISTEN TO NEWLY RELEASED VIDEOS EACH TUESDAY AND FRIDAY. NEW SUBSCRIBERS INCREASED BY 282,600 IN 2021.
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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 | $559,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,817 |
| 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 | $559,817 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,267 |
| Office expenses | $24,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $462,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,104 |
| Total assets | $240,375 |
| 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 | $240,375 |
| Total liabilities and net assets/fund balances | $240,375 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lets Equip Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |