Civic Intelligence

Equip Inc.

990 • Fiscal year 2020 • EIN 22-2452414

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

PO Box 1126Marion, NC 28752

(828) 738-3891

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

10%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$56,667

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

19%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,892,763

Up $206,326 (+12%) from 2019

Net Assets

Up

$1,889,263

Up $223,671 (+13%) from 2019

Liabilities

Down

$3,500

Down $17,345 (-83%) from 2019

Revenue

Up

$2,162,986

Up $341,702 (+19%) from 2019

Expenses

Up

$1,939,316

Up $205,406 (+12%) from 2019

Net Income

Up

$223,670

Up $136,296 (+156%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,423,131Liabilities 2011: $5,600Net Assets 2011: $1,417,5312011Assets 2012: $1,347,443Liabilities 2012: $4,575Net Assets 2012: $1,342,8682012Assets 2013: $1,400,932Liabilities 2013: $6,352Net Assets 2013: $1,394,5802013Assets 2014: $1,421,333Liabilities 2014: $12,860Net Assets 2014: $1,408,4732014Assets 2015: $1,437,797Liabilities 2015: $33,255Net Assets 2015: $1,404,5422015Assets 2016: $1,596,901Liabilities 2016: $19,129Net Assets 2016: $1,577,7722016Assets 2017: $1,522,162Liabilities 2017: $26,736Net Assets 2017: $1,495,4262017Assets 2018: $1,594,701Liabilities 2018: $16,483Net Assets 2018: $1,578,2182018Assets 2019: $1,686,437Liabilities 2019: $20,845Net Assets 2019: $1,665,5922019Assets 2020: $1,892,763Liabilities 2020: $3,500Net Assets 2020: $1,889,2632020Assets 2021: $1,921,142Liabilities 2021: $5,901Net Assets 2021: $1,915,2412021Assets 2022: $2,104,201Liabilities 2022: $19,281Net Assets 2022: $2,084,9202022Assets 2024: $2,160,518Liabilities 2024: $7,697Net Assets 2024: $2,152,8212024

Highlighted filing

2020

Assets$1,892,763
Liabilities$3,500
Net Assets$1,889,263

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,609,583Expenses 2011: $1,500,814Net Income 2011: $108,7692011Revenue 2012: $1,534,555Expenses 2012: $1,601,490Net Income 2012: -$66,9352012Revenue 2013: $1,740,341Expenses 2013: $1,688,852Net Income 2013: $51,4892013Revenue 2014: $1,767,254Expenses 2014: $1,636,151Net Income 2014: $131,1032014Revenue 2015: $1,774,155Expenses 2015: $1,778,086Net Income 2015: -$3,9312015Revenue 2016: $1,752,839Expenses 2016: $1,579,609Net Income 2016: $173,2302016Revenue 2017: $1,799,799Expenses 2017: $1,882,143Net Income 2017: -$82,3442017Revenue 2018: $2,102,181Expenses 2018: $2,019,391Net Income 2018: $82,7902018Revenue 2019: $1,821,284Expenses 2019: $1,733,910Net Income 2019: $87,3742019Revenue 2020: $2,162,986Expenses 2020: $1,939,316Net Income 2020: $223,6702020Revenue 2021: $2,203,795Expenses 2021: $2,177,817Net Income 2021: $25,9782021Revenue 2022: $2,243,844Expenses 2022: $2,073,821Net Income 2022: $170,0232022Revenue 2024: $2,796,461Expenses 2024: $2,871,668Net Income 2024: -$75,2072024

Highlighted filing

2020

Revenue$2,162,986
Expenses$1,939,316
Net Income$223,670
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,162,986
Mission and Program Overview

Mission

To prepare, train and support financially, evangelical christian missionaries in their work around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$977,706$913,240▼ $64,466
Cash and Non-Interest-Bearing Accounts$228,698$506,291▲ $277,593
Land, Buildings, and Equipment, Net$462,747$453,562▼ $9,185
Other Notes and Loans Receivable, Net$9,607$10,828▲ $1,221
Prepaid Expenses and Deferred Charges$6,712$7,445▲ $733
Accounts Receivable$967$1,397▲ $430
Total Assets$1,686,437$1,892,763▲ $206,326
Liabilities
Deferred Revenue$8,640$2,700▼ $5,940
Accounts Payable and Accrued Expenses$12,205$800▼ $11,405
Total Liabilities$20,845$3,500▼ $17,345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,090,587$1,065,942▼ $24,645
Net Assets With Donor Restrictions$575,005$823,321▲ $248,316
Total Net Assets Fund Balance$1,665,592$1,889,263▲ $223,671
Total Liabilities and Net Assets / Fund Balance$1,686,437$1,892,763▲ $206,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$340,945$113,063$454,008
Equipment$14,390$98,465$112,855
Land$89,443-$89,443
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mr George FoosePresidentFT$56,667$56,667
Ms Paula EvansSecretaryFT$47,866$47,866

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,083,065
Program Service Revenue
$61,005
Investment Income
$18,916
Other Revenue
$0
All Other Contributions
$2,083,065
Change in Net Assets
$223,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,162,986
Total Revenue per Audited Statements
$2,162,986
Total Revenue per Form 990
$2,162,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,133,232
Other Expenses$447,882
Grants and Similar Amounts Paid$358,202
Total Fundraising Expense$72,018
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$588,384$279,335$35,673$903,392
Foreign Grants$358,202--$358,202
Current Officers, Directors, Trustees, and Key Employees-$104,533-$104,533
Occupancy$43,310$30,077-$73,387
Payroll Taxes$46,293$22,848$3,389$72,530
Other Employee Benefits$41,645$11,132-$52,777
Travel$28,957$2,288$352$31,597
Insurance-$22,695-$22,695
Fees for Services Other$2,449$19,362-$21,811
Office Expenses$6,375$12,826$77$19,278
Advertising$1,640$12,803$2,323$16,766
Depreciation Depletion$15,827$490-$16,317
Fees for Services Legal$10,810$264-$11,074
Information Technology$2,201$7,164-$9,365
Other Expenses$9,121$449$30,204$9,121
Fees for Services Accounting-$7,100-$7,100
All Other Expenses$-229,250$13,874-$-215,376
Total Functional Expenses$1,320,058$547,240$72,018$1,939,316

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,939,316
Total Expenses per Audited Statements$1,939,316
Total Expenses per Form 990$1,939,316
International Activity

International Summary

Offices
9
Employees
13
Spending
$358,202

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa-kenyaProgram ServicesOrphanage & School11$135,258
Sub-saharan Africa-ethiopiaProgram ServicesMedical/educational13$135,175
Sub-saharan Africa-nigeriaProgram ServicesMedical/educational22$46,495
Sub-saharan Africa-rwandaProgram ServicesMissionaries12$20,850
South America-brazilProgram ServicesOrphanage/education22$14,565
Sub-saharan UgandaProgram ServicesClinic/children Home23$5,859
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors is provided a copy of the form 990 in advance of filing. Directors are given an opportunity to ask questions and provide feedback before the return is filed.

Form 990, Page 6, Part VI, Line 15A

Compensation for the president is reviewed and approved by the executive committee and the board of directors. The organization considers the level of compensation for the president in relation to presidents of similar organizations with similar responsibilities.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees is reviewed and approved by the executive committee and the board of directors. The organization considers the level of compensation for key employees in relation to other employees of similar organizations with similar responsibilities.

Form 990, Page 6, Part VI, Line 19

The organization provides paper copies of documents, policies and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Equip Inc
EIN
22-2452414
Phone
8287383891
Address
PO BOX 1126, MARION, NC 28752
Doing Business As
Equip International

Signing Officer

Name
Mr George Foose
Title
President
Phone
8287383891
Signed
2021-11-12

Organization Details

Principal Officer
Mr George Foose
Formed
1995
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
36
Volunteers
18

Preparer

Firm
Suzan H Sluder CPA Pa
Address
P O BOX 96, ARDEN, NC 28704
Preparer
Suzan H Sluder
Phone
8287770578
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING 1

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from payment of income taxes under the provision of section 501 c 3 of the internal revenue code, except to the extent of taxes on any unrelated income. Fasb asc 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. Fasb asc 740 requires the evaluation of tax positions taken or expected to be taking the course of preparing financial statements to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM PAYMENT OF INCOME TAXES UNDER THE PROVISION OF SECTION 501 C 3 OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF TAXES ON ANY UNRELATED INCOME. FASB ASC 740 PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKING THE COURSE OF PREPARING FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.01$2.15$2.80$2.87$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.02$2.08$2.24$2.07$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.01$1.92$2.20$2.18$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$2.16$1.94$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.02$1.67$1.82$1.73$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.02$1.58$2.10$2.02$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.03$1.50$1.80$1.88$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.02$1.58$1.75$1.58$0.17
2015Summary only. Only limited summary data is available for this year.$1.44$0.03$1.40$1.77$1.78$0.00
2014Summary only. Only limited summary data is available for this year.$1.42$0.01$1.41$1.77$1.64$0.13
2013Summary only. Only limited summary data is available for this year.$1.40$0.01$1.39$1.74$1.69$0.05
2012Summary only. Only limited summary data is available for this year.$1.35$0.00$1.34$1.53$1.60$0.07
2011Summary only. Only limited summary data is available for this year.$1.42$0.01$1.42$1.61$1.50$0.11
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits