Civic Intelligence

Lets Equip Inc.

990 • Fiscal year 2020 • EIN 84-4229241

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

Organization ProfileWWW.LETSEQUIP.COM
15922 Eldorado Pkwy Suite 500 STE 1Frisco, TX 75035

(214) 476-4472

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

83rd percentile

38%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$142,976

No earlier filing loaded for comparison.

Net Assets

$142,976

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin83rd percentile

Revenue

$366,745

No earlier filing loaded for comparison.

Expenses

$227,794

No earlier filing loaded for comparison.

Net Income

$138,951

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2020: $142,976Liabilities 2020: $0Net Assets 2020: $142,9762020Assets 2021: $240,375Liabilities 2021: $0Net Assets 2021: $240,3752021Assets 2023: $191,154Liabilities 2023: $0Net Assets 2023: $191,1542023Assets 2024: $245,080Liabilities 2024: $0Net Assets 2024: $245,0802024

Highlighted filing

2020

Assets$142,976
Liabilities$0
Net Assets$142,976
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2020: $366,745Expenses 2020: $227,794Net Income 2020: $138,9512020Revenue 2021: $559,817Expenses 2021: $462,418Net Income 2021: $97,3992021Revenue 2023: $462,342Expenses 2023: $595,719Net Income 2023: -$133,3772023Revenue 2024: $357,453Expenses 2024: $303,527Net Income 2024: $53,9262024

Highlighted filing

2020

Revenue$366,745
Expenses$227,794
Net Income$138,951
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.1
Gross Receipts
$366,745
Mission and Program Overview

Mission

To equip believers with the necessary tools, training, and teaching for ministry.

To equip believers with the necessary tools, training and teaching for ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$142,976-
Cash and Non-Interest-Bearing Accounts-$136,939-
Land, Buildings, and Equipment, Net-$6,037-
Total Assets$0$142,976▲ $142,976
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$142,976▲ $142,976
Total Liabilities and Net Assets / Fund Balance$0$142,976▲ $142,976

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,037-$6,037
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Allen ParrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$366,745
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$366,745
Change in Net Assets
$138,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$177,763
Other Expenses$50,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$177,763--$177,763
Office Expenses-$19,864-$19,864
Fees for Services Other-$15,291-$15,291
Fees for Services Accounting-$4,750-$4,750
Advertising-$2,170-$2,170
Fees for Services Legal-$1,902-$1,902
Travel-$450-$450
Other Expenses-$404-$404
Total Functional Expenses$177,763$50,031$0$227,794
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
Yes
Backup withholding compliance
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

Officer directors etc family relationship Part VI line 2

“Allen parr and jennifer parr are married to one another.”

Form 990 governing body review Part VI line 11

“The governing body reviews the tax return prior to tax filing.”

Conflict of interest policy compliance Part VI line 12C

“The organization has a conflict of interest policy.”

CEO executive director top management comp Part VI line 15A

“Officer compensation is determined by the board of directors.”

Other officer or key employee compensation Part VI line 15B

“Officer and key employee compensation is determined by the board of directors.”

Governing documents etc available to public Part VI line 19

“Organizational governing documents are available by request.”

Filing and Contact Details

Filer

Filer Name
Lets Equip Inc
EIN
84-4229241
Address
15922 Eldorado Pkwy Suite 500 STE 1, Frisco, TX 75035

Signing Officer

Name
Allen Parr
Title
President
Phone
2144764472
Signed
2021-05-11
Discuss with paid preparer
No

Organization Details

Formed
2020
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Chrystal Bernard CPA
Address
4001 Jasmine Fox Lane, Arlington, TX 76005
Preparer
Chrystal Bernard
Phone
2144901922
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0REACHED MILLIONS OF VIEWERS ON THE MINISTRY YOUTUBE CHANNEL, THE BEAT, BY SHARING THE GOSPEL OF JESUS CHRIST THROUGH VARIOUS TOPICS AND DISCUSSIONS. OVER 675,OOO SUBSCRIBERS LISTEN TO NEWLY RELEASED VIDEOS EACH TUESDAY AND FRIDAY. THE VIDEO TITLED 7 FALSE TEACHINGS TO AVOID HAS RECEIVED OVER 1.2 MILLION VIEWS.
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/IRPDocumentCnt00
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IRS990/ProgSrvcAccomActy2Grp/Desc0CREATED AND SOLD BIBLE STUDY MADE EASY COURSE, A BIBLE 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.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt07250
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ReturnHeader/Filer/EIN0844229241
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerPersonGrp/PhoneNum02144901922
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-15
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ReturnHeader/ReturnTs02021-06-15T17:23:12-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$142,976
Liabilities
$0
Net assets
$142,976
Revenue
$366,745
Expenses
$227,794
Net income
$138,951
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.00$2.45$3.57$3.04$0.54
2023Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$4.62$5.96$1.33
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$5.60$4.62$0.97
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$3.67$2.28$1.39