Equip EIN 82-5223993

Equip FY2022 filing

EIN  82-5223993 Public charity (501(c)(3)) Columbiana, AL
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches life, social, and job skills to people with disabilities.
Leadership
Marshall B Huynh · CEO · $75K
Money in and out
$494K revenue, $427K expenses
Bottom line
51% program efficiency

Teaches life, social, and job skills to people with disabilities. For fiscal year 2022 it reported $494K in revenue, $427K in expenses, and $217K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.49
Program efficiency
51%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$494K
FY2022▲ +94%
Expenses
$427K
FY2022▲ +54%
Total assets
$219K
FY2022▲ +17%
Total liabilities
$2K
FY2022▼ -94%
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$219K
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $219K of program spending, described in the organization's own filed words · FY2022.
01

Equip Program Service was able to provide transition classes, work based learning experiences and job tours for approximately 800 individuals with disabilities.

$219Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquip
EINHdr · item D82-5223993
Principal addressHdr · item CColumbiana, AL
WebsiteHdr · item Jequipservices.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$75,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Marshall B Huynh’s $75K as CEO is at the 67th percentile of top reported officer pay among 1616 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marshall B Huynh$75,000$75,001
Marshall B Huynh$75,000$58,379$68,844

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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Statement of Revenue

Part VIII
Program service revenue$436K · 88%
Other revenue$33K · 7%
Contributions & grants$25K · 5%
Program service revenue88%$436K
Other revenue7%$33K
Contributions & grants5%$25K
Total revenueLn 12$494K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.49
Program services51%$219K
Management & general49%$208K
Total functional expensesLn 25$427K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$219K
Total liabilitiesLn 26$2K
Total net assetsLn 32$217K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $219K · Operating expenses/yr $427K
6.2 months
Where the money goes
Program services
Program services $219K · Total expenses $427K
51%
Management & General
Management & general $208K · Total expenses $427K
49%
Fundraising
Fundraising $0 · Total expenses $427K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $494K
5%
Government reliance
Government grants — · Total revenue $494K
Earned-income share
Program service revenue $436K · Total revenue $494K
88%
Investment reliance
Investment income $0 · Total revenue $494K
0%
Program self-sufficiency
Program service revenue $436K · Total expenses $427K
102%
Growth & trend
Revenue growth (YoY)
This year $494K · Prior year $255K
+94%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $494K · Expenses $427K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $219K
Net-asset ratio
Net assets $217K · Total assets $219K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $219K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marshall B Huynh · Reported title CEO · Highest reported compensation $75K · Total expenses $427K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $275K · Total expenses $427K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 49%
Fundraising cost ratio 0%
Revenue growth 94%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$26K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$888K revenue · ⤓ 990 PDF
FY2023$533K revenue · ⤓ 990 PDF
FY2022$494K revenue · viewing · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF
FY2020$341K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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