The Equip Foundation FY2023 filing

Tax-deductible

Kailua Kona, HI501(c)(3)InternationalEIN 99-0339365

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The Equip Foundation works to develop leaders and communities in both the developed and developing world. Our projects emphasize skills development, appropriate technology, local partnering and empowering the marginalized.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$56K 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

FY2023 · 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
2 of 5
filings with a surplus
Average surplus $41K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $345K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$612K
+32% vs prior year
Spent
$644K
To programs
83%
Net assets
$463K
By yearFY2020–FY2024
Revenue
$612K
FY2023▲ +32%
Revenue by fiscal year
FY2020$358K
FY2021$584K
FY2022$464K
FY2023$612K
FY2024$649K
Expenses
$644K
FY2023▲ +21%
Expenses by fiscal year
FY2020$358K
FY2021$356K
FY2022$531K
FY2023$644K
FY2024$575K
Net assets
$463K
FY2023▼ -3%
Net assets by fiscal year
FY2020$332K
FY2021$560K
FY2022$478K
FY2023$463K
FY2024$535K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Mar 1999.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $533K Management & general 6% · $38K Fundraising 11% · $72K

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; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary and Treasurer
$56,500Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Donald S Cook’s $54K as Secretary and Treasurer is at the 50th percentile of top reported officer pay among 1636 $100K–1M international 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

NameFY2024FY2023FY2022FY2021FY2020
Donald S Cook$54,000$56,500$48,000$57,435$42,000

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 The Equip Foundation 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

Develops leaders and communities worldwide through skills training and empowering marginalized groups.

Provided by the organization

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1 program · $533K · in their own filed words · FY2023
01

The Hands on Houses program focusses on developing and providing effective housing solutions for marginalized people in rural communities. In 2023 Hands on Houses provided 75 homes in south Asia & Zambia.

$533Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$612K
Ln 12
Gifts and grantsLn 1h$612K
Investment incomeLn 3$215
Money outPt IX
$644K
Ln 25
Programscol B$533K
Managementcol C$38K
Fundraisingcol D$72K
Owns and owesPt X
$463K
net assets · Ln 32
Cash and savingsLn 1–2$432K
Total assetsLn 16$476K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$612K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$215
Total revenueLn 12$612K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$349K
Cash and savings togetherLn 1–2$432K
InvestmentsLn 11–13$44K
Total assetsLn 16$476K
LiabilitiesLn 26$13K
Net assetsLn 32$463K
OperationsPt I, VI
EmployeesI 54
VolunteersI 611
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 FY23End FY23
Cash and savingsLn 1–2$454K$432K
InvestmentsLn 11–13$27K$44K
Total assetsLn 16$485K$476K
LiabilitiesLn 26$8K$13K
Net assetsLn 32$478K$463K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants and assistance to foreign recipientsLn 3$48K$48K
Pay of current officers, directors and key staffLn 5$60K$48K$12K$0
Other salaries and wagesLn 7$179K$119K$12K$48K
Other employee benefitsLn 9$43K$30K$4K$9K
Payroll taxesLn 10$18K$13K$2K$4K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$5K$737$1K
Information technologyLn 14$8K$6K$818$2K
OccupancyLn 16$28K$21K$2K$4K
TravelLn 17$38K$35K$1K$2K
Conferences, conventions and meetingsLn 19$316$316
InsuranceLn 23$1K$478$970
Other expenses (24a–d)Ln 24$193K$192K$319$638
All other expensesLn 24e$10K$9K$432$15
Total functional expensesLn 25$644K$533K$38K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $649K$575K$74K$535K 990 PDF
FY2023 Viewing $612K$644K−$31K$463K 990 PDF
FY2022 $464K$531K−$67K$478K 990 PDF
FY2021 $584K$356K$229K$560K 990 PDF
FY2020 $358K$358K−$573$332K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $612,436 across 11 lines filed
VIII-1a Federated campaigns$427
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$611,794
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$612,221
VIII-3 Investment incomeRelated to mission $215 · Unrelated business $0 · Excluded from tax $0$215
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $215 · Unrelated business $0 · Excluded from tax $0$612,436
Part IX · Statement of functional expenses $643,609 across 17 lines filed
IX-1 Grants to domestic organizations$0
IX-3 Grants and assistance to foreign recipientsPrograms $48,124$48,124
IX-5 Pay of current officers, directors and key staffPrograms $47,670 · Management $11,918 · Fundraising $0$59,588
IX-7 Other salaries and wagesPrograms $119,200 · Management $11,800 · Fundraising $48,000$179,000
IX-9 Other employee benefitsPrograms $30,022 · Management $4,289 · Fundraising $8,578$42,889
IX-10 Payroll taxesPrograms $12,611 · Management $1,802 · Fundraising $3,603$18,016
IX-11c Accounting feesManagement $1,627$1,627
IX-11g Other fees for servicesPrograms $7,064$7,064
IX-12 Advertising and promotionFundraising $1,518$1,518
IX-13 Office expensesPrograms $5,158 · Management $737 · Fundraising $1,474$7,369
IX-14 Information technologyPrograms $5,726 · Management $818 · Fundraising $1,636$8,180
IX-16 OccupancyPrograms $20,970 · Management $2,194 · Fundraising $4,389$27,553
IX-17 TravelPrograms $34,813 · Management $1,118 · Fundraising $2,235$38,166
IX-19 Conferences, conventions and meetingsPrograms $316$316
IX-23 InsurancePrograms $478 · Management $970$1,448
IX-24 Other expenses (24a–d)Programs $192,054 · Management $319 · Fundraising $638$193,011
IX-24e All other expensesPrograms $9,293 · Management $432 · Fundraising $15$9,740
IX-25 Total functional expensesPrograms $533,499 · Management $38,024 · Fundraising $72,086$643,609
Part X · Balance sheet $476,049 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $40,582$82,843
X-2 Savings and temporary cash investmentsStart of year $413,061$349,327
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $4,874$175
X-11 Publicly traded securitiesStart of year $26,746$43,704
X-16 Total assetsStart of year $485,263$476,049
X-17 Accounts payable and accrued expensesStart of year $1,819$7,868
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $5,880$5,010
X-26 Total liabilitiesStart of year $7,699$12,878
X-27 Net assets without donor restrictionsStart of year $477,564$463,171
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $477,564$463,171
X-33 Total liabilities and net assetsStart of year $485,263$476,049
Part XI · Reconciliation of net assets $463,171 net assets at year end
XI-1 Total revenue$612,436
XI-2 Total expenses$643,609
XI-3 Revenue less expenses−$31,173
XI-4 Net assets at start of year$477,564
XI-5 Net unrealized gains (losses) on investments$16,780
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$463,171

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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