Civic Intelligence

Equipped for Life Inc.

990 • Fiscal year 2019 • EIN 26-1767553

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 15, 2020

Organization ProfileWWW.EQUIPPEDFORLIFE.ORG
1820 Albacore LaneRaleigh, NC 27612

(919) 398-0401

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.02x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • NTEE X21 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.02x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • NTEE X21 • <$500k nonprofits • Source year 2019

Net Margin

59th percentile

7.3%

Higher net margin than 59% of similar nonprofits.

2019 filings • NTEE X21 • <$500k nonprofits • Source year 2019

Top Officer Pay

87th percentile

$35,664

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 38.4% of source-year revenue.

2019 filings • NTEE X21 • <$500k nonprofits • Source year 2019

Asset Growth

52nd percentile

8.4%

Faster asset growth than 52% of similar nonprofits.

2019 filings • NTEE X21 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • NTEE X21 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$103,762

Up $8,057 (+8.4%) from 2018

Net Assets

Up

$101,671

Up $6,776 (+7.1%) from 2018

Liabilities

Up

$2,091

Up $1,281 (+158%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin59th percentile

Revenue

Down

$92,871

Down $104,288 (-53%) from 2018

Expenses

Down

$86,095

Down $133,107 (-61%) from 2018

Net Income

Up

$6,776

Up $28,819 (+131%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$150K$100K$50K$0Assets 2016: $101,504Liabilities 2016: $2,185Net Assets 2016: $99,3192016Assets 2017: $137,560Liabilities 2017: $20,622Net Assets 2017: $116,9382017Assets 2018: $95,705Liabilities 2018: $810Net Assets 2018: $94,8952018Assets 2019: $103,762Liabilities 2019: $2,091Net Assets 2019: $101,6712019Assets 2020: $100,691Liabilities 2020: $1,935Net Assets 2020: $98,7562020Assets 2021: $67,502Liabilities 2021: $0Net Assets 2021: $67,5022021Assets 2022: $44,297Liabilities 2022: $342Net Assets 2022: $43,9552022Assets 2023: $28,345Liabilities 2023: $0Net Assets 2023: $28,3452023Assets 2024: $41,349Liabilities 2024: $0Net Assets 2024: $41,3492024

Highlighted filing

2019

Assets$103,762
Liabilities$2,091
Net Assets$101,671
Open 2019 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100KRevenue 2016: $199,909Expenses 2016: $109,867Net Income 2016: $90,0422016Revenue 2017: $261,662Expenses 2017: $254,578Net Income 2017: $7,0842017Revenue 2018: $197,159Expenses 2018: $219,202Net Income 2018: -$22,0432018Revenue 2019: $92,871Expenses 2019: $86,095Net Income 2019: $6,7762019Revenue 2020: $76,627Expenses 2020: $79,542Net Income 2020: -$2,9152020Revenue 2021: $44,722Expenses 2021: $75,976Net Income 2021: -$31,2542021Revenue 2022: $143,732Expenses 2022: $167,279Net Income 2022: -$23,5472022Revenue 2023: $79,659Expenses 2023: $95,268Net Income 2023: -$15,6092023Revenue 2024: $79,046Expenses 2024: $66,042Net Income 2024: $13,0042024

Highlighted filing

2019

Revenue$92,871
Expenses$86,095
Net Income$6,776
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 15, 2020
Return Version
2019v5.0
Gross Receipts
$92,871
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$94,895$101,671▲ $6,776
Cash and Non-Interest-Bearing Accounts$91,379$99,191▲ $7,812
Land, Buildings, and Equipment, Net$4,230$4,331▲ $101
Accounts Receivable$96$240▲ $144
Total Assets$95,705$103,762▲ $8,057
Liabilities
Accounts Payable and Accrued Expenses$810$2,091▲ $1,281
Total Liabilities$810$2,091▲ $1,281
Net Assets / Fund Balance
Total Net Assets Fund Balance$94,895$101,671▲ $6,776
Total Liabilities and Net Assets / Fund Balance$95,705$103,762▲ $8,057

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,331$3,953$8,284
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HornerChief ExecutFT$18,311$17,353$35,664

Board Members and Trustees

NameTitle
David NewDirector
Earle FinleyDirector
Gordon BolinDirector
Jon RobersonDirector
Steve VaughnDirector
Steve MunshowerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$92,871
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$92,871
Change in Net Assets
$6,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$48,924
Grants and Similar Amounts Paid$19,500
Other Expenses$17,671
Total Fundraising Expense$5,200
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$26,748$5,350$3,566$35,664
Foreign Grants$19,500--$19,500
Other Salaries and Wages$3,998$4,998$1,000$9,996
Travel$5,648--$5,648
Fees for Services Accounting-$3,470-$3,470
Payroll Taxes$2,448$490$326$3,264
Office Expenses$1,239$241$196$1,676
Depreciation Depletion-$1,547-$1,547
Information Technology-$1,480-$1,480
Conferences and Meetings$956--$956
Other Expenses$306$617$112$306
All Other Expenses$49--$49
Total Functional Expenses$61,730$19,165$5,200$86,095
International Activity

International Summary

Spending
$19,500

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
EuropeGrants to RecipientsMinistry--$18,300
Middle EastGrants to RecipientsMinistry--$1,200
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Catherine HornerSpouseEmployeeNo$9,996
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
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 chief executive reviews the 990 prior to filing, and a copy is provided to the entire board for approval.”

Form 990, Page 6, Part VI, Line 12C

“Board members are given a copy of the conflict of interest policy and annually asked to provide a written disclosure statement.”

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

“The board of directors, excluding the ceo, establishes compensation for the ceo based on review of salary information from comparable organizations, job description and performance.”

Form 990, Page 6, Part VI, Line 19

“Equipped for life makes its governing documents and conflict of interest policy available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Equipped for Life Inc
EIN
26-1767553
Phone
9193980401
Address
1820 ALBACORE LANE, RALEIGH, NC 27612

Signing Officer

Name
David Horner
Title
Chief Executive
Phone
9193980401
Signed
2020-04-15

Organization Details

Principal Officer
David Horner
Formed
2008
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
2

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, 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 2019, equipped for life consulted with 15 churches in the united states, taught ministry and leadership coursework at the jordan evangelical theological seminary and midwestern baptist theological seminary, and had speaking engagements at 8 events.”

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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt11200
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1MIDDLE EAST
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MINISTRY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1MINISTRY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt012300
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt02
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EUROPE
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0MISSION SUPPORT
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IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt06000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MISSION SUPPORT
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt019500
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EQUIPPED FOR LIFE IS IN REGULAR CONTACT WITH THE RECIPIENTS TO INQUIRE ABOUT THE USE OF FUNDS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1EUROPE 18,300 0 MIDDLE EAST 1,200 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleF/TotalSpentAmt019500
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART IV - CATHERINE HORNER PERFORMS ADMINISTRATIVE WORK FOR EQUIPPED FOR LIFE AS WELL AS SUPPORTING THE MISSION THROUGH PROVIDING WOMEN'S WORKSHOPS AT CONFERENCES AND SPEAKING TO WOMEN'S GROUPS. CATHERINE IS THE WIFE OF FOUNDER AND CHIEF EXECUTIVE, DAVID HORNER. DAVID RECUSES HIMSELF FROM ALL MATTERS RELATED TO CATHERINE'S COMPENSATION, WHICH IS DETERMINED BY THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EQUIPPED 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 2019, EQUIPPED FOR LIFE CONSULTED WITH 15 CHURCHES IN THE UNITED STATES, TAUGHT MINISTRY AND LEADERSHIP COURSEWORK AT THE JORDAN EVANGELICAL THEOLOGICAL SEMINARY AND MIDWESTERN BAPTIST THEOLOGICAL SEMINARY, AND HAD SPEAKING ENGAGEMENTS AT 8 EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHIEF EXECUTIVE REVIEWS THE 990 PRIOR TO FILING, AND A COPY IS PROVIDED TO THE ENTIRE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AND ANNUALLY ASKED TO PROVIDE A WRITTEN DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS, EXCLUDING THE CEO, ESTABLISHES COMPENSATION FOR THE CEO BASED ON REVIEW OF SALARY INFORMATION FROM COMPARABLE ORGANIZATIONS, JOB DESCRIPTION AND PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EQUIPPED FOR LIFE MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt095705
IRS990/TotalAssetsGrp/EOYAmt0103762
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IRS990/TotalContributionsAmt092871
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05200
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019165
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061730
IRS990/TotalFunctionalExpensesGrp/TotalAmt086095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0810
IRS990/TotalLiabilitiesEOYAmt02091
IRS990/TotalLiabilitiesGrp/BOYAmt0810
IRS990/TotalLiabilitiesGrp/EOYAmt02091
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt094895
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IRS990/TotalOtherCompensationAmt017353
IRS990/TotalProgramServiceExpensesAmt061730
IRS990/TotalReportableCompFromOrgAmt018311
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092871
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt095705
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0103762
IRS990/TravelGrp/ProgramServicesAmt05648
IRS990/TravelGrp/TotalAmt05648
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0RALEIGH
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IRS990/WebsiteAddressTxt0HTTP://WWW.EQUIPPEDFORLIFE.ORG/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID HORNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE
ReturnHeader/BusinessOfficerGrp/PhoneNum09193980401
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EQUIPPED FOR LIFE INC
ReturnHeader/Filer/BusinessNameControlTxt0EQUI
ReturnHeader/Filer/EIN0261767553
ReturnHeader/Filer/PhoneNum09193980401
ReturnHeader/Filer/USAddress/AddressLine1Txt01820 ALBACORE LANE
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
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ReturnHeader/FilingSecurityInformation/IPDt02020-04-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:52:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561053187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADDISON & CAISON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 OBERLIN RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276051136
ReturnHeader/PreparerPersonGrp/PhoneNum09198215482
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN GLENDENNING
ReturnHeader/ReturnTs02020-04-27T09:52:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,762
Liabilities
$2,091
Net assets
$101,671
Revenue
$92,871
Expenses
$86,095
Net income
$6,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.79$0.66$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.80$0.95$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.44$1.67$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.45$0.76$0.31
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$0.77$0.80$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.02$0.93$0.86$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$1.97$2.19$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.21$1.17$2.62$2.55$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.02$0.99$2.00$1.10$0.90