Equipnet emerges out of a unique community of individuals that are committed to using their giftedness, resources and relationships as instruments for bringing hope and dignity to people in need.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$49K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $256K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $16K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$177K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+48% vs prior year
Spent
$5.8M
To programs
99%
Net assets
$695K
By yearFY2020–FY2024
Revenue
$6.2M
FY2021▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$6.2M
FY2022$7.9M
FY2023$10.8M
FY2024$15.4M
Expenses
$5.8M
FY2021▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$5.8M
FY2022$7.8M
FY2023$10.6M
FY2024$14.8M
Net assets
$695K
FY2021▲ +105%
Tap a bar for its year
Net assets by fiscal year
FY2020$338K
FY2021$695K
FY2022$804K
FY2023$904K
FY2024$1.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $5.7M Management & general 1% · $87K

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

5 people listed on the 990; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$40,000Pt VII · Sec A
Secretary
$9,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Elbert Paul’s $105K as Secretary is at the 11th percentile of top reported officer pay among 224 $10–100M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elbert Paul$105,130$108,676$8,250$9,000—
Robert Norsworthy$91,583$64,999$59,049$40,000$30,666
Thel Roundtree$88,000$44,770———

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.

See Equipnet executive salaries →

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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

Bringing hope and dignity to people in need through giftedness, resources, and relationships.

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Provided by the organization

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1 program · $5.7M · in their own filed words · FY2021
01

Equipnet accepts funds from a variety of donors. Equipnet then identifies worthy programs which satisfy the requirements of the restricted funds received. Equipnet focuses its funding on programs related to leadership development, training, technology, and micro-economic development strategies that empower and give lift to the indigenous…

$5.7Mprogram expense

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 · FY2025
Total grants receivedfrom 4 funders$16K
See all 4 funders →
Grants paid · 22 grants · $38.1M · 2020–2024
Unitemized GrantFY2024$13,232,550
Hope 27FY2024$22,197
Bravehearts Unlimited INCCA · FY2024$7,598
Connect Africa MinistriesFY2024$5,770
Unitemized GrantFY2023$9,416,974
Bravehearts Unlimited INCCA · FY2023$12,395
Light of HopeFY2023$10,571
Peace Rehabilitation CenterFY2023$8,939
Connect Africa MinistriesFY2023$6,497
Unitemized GrantFY2022$6,793,718
CrtqFY2022$14,352
Individual RecipientFY2022$13,798
Connect Africa MinistriesFY2022$10,131
Bravehearts Unlimited INCCA · FY2022$5,111
Unitemized GrantFY2021$4,962,515
Fulton Sheen InstituteFY2021$25,620
Newsong Community ChurchMN · FY2021$20,372
Connect Africa MinistriesFY2021$18,486
See all 22 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Gifts and grantsLn 1h$6.1M
Other incomeLn 4–11$21K
Money outPt IX
$5.8M
Ln 25
Programscol B$5.7M
Managementcol C$87K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$869K
Total assetsLn 16$871K
LiabilitiesLn 26$177K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Noncash giftsLn 1g$47K
Other incomeLn 4–11$21K
Gains on assetsLn 7$0
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$869K
SavingsLn 2$0
Cash and savings togetherLn 1–2$869K
InvestmentsLn 11–13$1K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$0
Total assetsLn 16$871K
LiabilitiesLn 26$177K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY21End FY21
Cash and savingsLn 1–2$357K$869K
InvestmentsLn 11–13$1K$1K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$359K$871K
LiabilitiesLn 26$21K$177K
Net assetsLn 32$338K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$5.0M$5.0M
Grants and assistance to foreign recipientsLn 3$339K$339K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$227K$227K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$31K$31K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$8$8
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$136K$63K$73K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$5.8M$5.7M$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.4M$14.8M$683K$1.6M 990 PDF
FY2023 $10.8M$10.6M$143K$904K 990 PDF
FY2022 $7.9M$7.8M$109K$804K 990 PDF
FY2021 Viewing $6.2M$5.8M$356K$695K 990 PDF
FY2020 $4.1M$4.2M−$8K$338K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,154,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,147,883$6,133,423
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $24$20,833
I-12 Total revenuePrior year $4,147,907$6,154,256
I-13 Grants and similar amounts paidPrior year $3,788,753$5,389,247
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $172,630$226,736
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $194,508$182,172
I-18 Total expensesPrior year $4,155,891$5,798,155
I-19 Revenue less expensesPrior year −$7,984$356,101
Part VI · Governance 3 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,154,256 across 10 lines filed
VIII-1f All other contributions, gifts and grants$6,133,423
VIII-1g Noncash contributions (included above)$47,054
VIII-1h Total contributions, gifts and grants$6,133,423
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $20,833$20,833
VIII-12 Total revenueExcluded from tax $20,833$6,154,256
Part IX · Statement of functional expenses $5,798,155 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $88,066$88,066
IX-2 Grants to domestic individualsPrograms $4,962,515$4,962,515
IX-3 Grants and assistance to foreign recipientsPrograms $338,666$338,666
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $226,736$226,736
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $12,286$12,286
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $30,700$30,700
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $1,680$1,680
IX-17 TravelManagement $8$8
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $62,977 · Management $72,541$135,518
IX-24e All other expensesPrograms $1,980$1,980
IX-25 Total functional expensesPrograms $5,711,640 · Management $86,515 · Fundraising $0$5,798,155
Part X · Balance sheet $871,313 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $356,532$868,788
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,218$1,218
X-11 Publicly traded securitiesStart of year $1,307$1,307
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $359,057$871,313
X-25 Other liabilitiesStart of year $20,833$176,778
X-26 Total liabilitiesStart of year $20,833$176,778
X-27 Net assets without donor restrictionsStart of year $338,224$694,535
X-32 Total net assets or fund balancesStart of year $338,224$694,535
X-33 Total liabilities and net assetsStart of year $359,057$871,313
Part XI · Reconciliation of net assets $694,535 net assets at year end
XI-1 Total revenue$6,154,256
XI-2 Total expenses$5,798,155
XI-3 Revenue less expenses$356,101
XI-4 Net assets at start of year$338,224
XI-9 Other changes in net assets$210
XI-10 Net assets at end of year$694,535

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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