Equipped for Life INC

Tax-deductible

Wake Forest, NC501(c)(3)Since 2008ReligionEIN 26-1767553

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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.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $6K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 33% of spending
Top officer’s pay lower than 68% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
+56% vs prior year
Spent
$99K
To programs
69%
Net assets
$65K
By yearFY2020–FY2025
Revenue
$123K
FY2025▲ +56%
Revenue by fiscal year
FY2020$77K
FY2021$45K
FY2022$144K
FY2023$80K
FY2024$79K
FY2025$123K
Expenses
$99K
FY2025▲ +50%
Expenses by fiscal year
FY2020$80K
FY2021$76K
FY2022$167K
FY2023$95K
FY2024$66K
FY2025$99K
Net assets
$65K
FY2025▲ +57%
Net assets by fiscal year
FY2020$99K
FY2021$68K
FY2022$44K
FY2023$28K
FY2024$41K
FY2025$65K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $69K Management & general 25% · $25K Fundraising 6% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Execut
$33,000Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Horner’s $33K as Chief Execut is at the 32nd percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Horner$33,000$30,562$33,301$19,507$18,317$17,664

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips Christian leaders with biblical truth and practical help for ministry.

Provided by the organization

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1 program service account for $69K of program spending, described in the organization's own filed words · FY2025.
01

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 leading conferences and seminars, coaching, mentoring and consulting, as well as teaching.

$69Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 2 grants · $19K · 2022–2023

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$35K
Money outPt IX
$99K
Ln 25
Programscol B$69K
Managementcol C$25K
Fundraisingcol D$6K
Owns and owesPt X
$65K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$65K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$35K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$65K
LiabilitiesLn 26$0
Net assetsLn 32$65K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$37K$58K
Land, buildings, equipmentLn 10c$768$3K
Total assetsLn 16$41K$65K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200$200
Grants and assistance to foreign recipientsLn 3$28K$28K
Pay of current officers, directors and key staffLn 5$39K$22K$14K$4K
Other salaries and wagesLn 7$9K$2K$6K$900
Payroll taxesLn 10$3K$2K$482$482
Accounting feesLn 11c$2K$2K
Office expensesLn 13$1K$1K$137$91
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$601$601
Other expenses (24a–d)Ln 24$4K$969$2K$208
All other expensesLn 24e$320$228$92
Total functional expensesLn 25$99K$69K$25K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $123K$99K$24K$65K 990 PDF
FY2024 $79K$66K$13K$41K 990 PDF
FY2023 $80K$95K−$16K$28K 990 PDF
FY2022 $144K$167K−$24K$44K 990 PDF
FY2021 $45K$76K−$31K$68K 990 PDF
FY2020 $77K$80K−$3K$99K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $122,931 across 4 lines filed
VIII-1f All other contributions, gifts and grants$88,406
VIII-1h Total contributions, gifts and grants$88,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,525$34,525
VIII-12 Total revenueRelated to mission $34,525$122,931
Part IX · Statement of functional expenses $99,238 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $200$200
IX-3 Grants and assistance to foreign recipientsPrograms $27,975$27,975
IX-5 Pay of current officers, directors and key staffPrograms $21,572 · Management $13,727 · Fundraising $3,922$39,221
IX-7 Other salaries and wagesPrograms $2,250 · Management $5,850 · Fundraising $900$9,000
IX-10 Payroll taxesPrograms $2,249 · Management $482 · Fundraising $482$3,213
IX-11c Accounting feesManagement $1,755$1,755
IX-13 Office expensesPrograms $1,205 · Management $137 · Fundraising $91$1,433
IX-17 TravelPrograms $11,901$11,901
IX-22 Depreciation, depletion and amortizationManagement $601$601
IX-24 Other expenses (24a–d)Programs $969 · Management $2,442 · Fundraising $208$3,619
IX-24e All other expensesPrograms $228 · Fundraising $92$320
IX-25 Total functional expensesPrograms $68,549 · Management $24,994 · Fundraising $5,695$99,238
Part X · Balance sheet $65,042 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $36,911$57,861
X-4 Accounts receivableStart of year $3,670$4,207
X-10c Land, buildings and equipment, netStart of year $768$2,974
X-16 Total assetsStart of year $41,349$65,042
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $41,349$65,042
X-33 Total liabilities and net assetsStart of year $41,349$65,042
Part XI · Reconciliation of net assets $65,042 net assets at year end
XI-1 Total revenue$122,931
XI-2 Total expenses$99,238
XI-3 Revenue less expenses$23,693
XI-4 Net assets at start of year$41,349
XI-10 Net assets at end of year$65,042

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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